Wind Turbine Rotor Blades Global Market Report - Falling Cost of Wind Energy to Step Up Investments in Wind Farms & Allied Turbine Technologies

DUBLIN, Nov. 27, 2023 /PRNewswire/ -- The "Wind Turbine Rotor Blades - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

The global market for Wind Turbine Rotor Blades estimated at US$27.6 Billion in the year 2022, is projected to reach a revised size of US$50.3 Billion by 2030, growing at a CAGR of 7.8% over the analysis period 2022-2030. Above 60 Meters, one of the segments analyzed in the report, is projected to record 8.3% CAGR and reach US$14.8 Billion by the end of the analysis period. Growth in the 45 - 60 Meters segment is estimated at 7.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $5.4 Billion, While China is Forecast to Grow at 9.3% CAGR

The Wind Turbine Rotor Blades market in the U.S. is estimated at US$5.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$10.3 Billion by the year 2030 trailing a CAGR of 9.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 6.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.3% CAGR.

Competitor Profiles Featured in the Report

• Aeris Energy
• Enercon
• Lianyungang Zhongfu Lianzhong Composites Group
• LM Wind Power
• Nordex
• Siemens Gamesa Renewable Energy
• Suloz Energy
• TPI Composites
• Vestas Wind Systems

Key Report Benefits

• Special discussions on the global economic climate and market sentiment
• Coverage on global competitiveness and key competitor percentage market shares
• Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and trademarked research platform
• Complimentary updates for one year
• Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Topics Covered:

1. MARKET OVERVIEW

• Urgent Need to Address Climate Change Provides the Foundation for the Rise of Renewable Energy
• Suffocating Spike in Emissions Shifts Focus on Renewables for Powering a Safer Future: Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, 2020, 2021, 2022 & 2023
• Robust Focus on Renewables Sets the Stage for the Growth of Wind Energy: Global Clean Energy Investments (In US$ Billion) for Years 2017, 2019, 2021, and 2023
• Myriad Benefits Make Wind Energy the Most Attractive of All Renewable Energy Sources
• Strong Outlook for Wind Energy Capacity Expansions Offers Opportunities on a Platter for Wind Turbines & Allied Components: Global Cumulative Installed Capacity of Wind Energy (In Gigawatts) for Years 2013, 2015, 2017, 2019, 2021, 2023 and 2025
• Global Economic Update
• Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
• War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
• Although Facing a Lower Recession Risk, Global Economic Growth in 2023 to Slowdown Amid War, Inflation, Elevated Interest Rates & Marginal Easing of Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
• Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
• Competition
• Wind Turbine Rotor Blades - Global Key Competitors Percentage Market Share in 2023 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
• Wind Turbine Rotor Blades: Overview, Benefits, Materials & Types
• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Upgrades to Aging Energy Infrastructure, Distributed Energy, & Growing Policy Led Emphasis On Integrating Wind Energy Into Utility Energy Mix Bodes Well for Increased Deployment Opportunities for Wind Turbine Rotor Blades
• Falling Cost of Wind Energy to Step Up Investments in Wind Farms & Allied Turbine Technologies
• Onshore Wind Remains Among the Cheapest Sources of New Bulk Power Generation: Global Levelised Cost of Electricity ($/MWh) by Energy Type As of the Year 2022
• Innovative & Smart Wind Turbine Blades Emerge Into the Spotlight
• Carbon Fiber Based Wind Turbine Blade to Witness Strong Growth
• New Developments in Carbon-Fiber-Reinforced Polymers as Evidenced by the Growing Market for Carbon Fibre Composites Bodes Well for Development of Innovative Carbon Fiber Based Turbine Blades: Global Market for Carbon Fiber Composites (In US$ Billion) for Years 2023, 2025, 2027, 2029 & 2031
• Demand for Larger Wind Turbines Drives Parallel Popularity of Longer Turbine Blades
• Focus on Sustainability & Parallel Rise in Concerns Over Disposing End-of-Life Turbine Blade Leads to Innovation
• As Sustainability Emerges Into an Unstoppable Force, Innovative Efforts Get Underway to Keep Turbine Blades from Ending Up in Landfills: Global Investments in Sustainability (In US$ Billion) for Years 2015, 2018, 2020 and 2022
• Emphasis on Monitoring Brings Wind Turbine Blade Sensors into the Spotlight

4. GLOBAL MARKET PERSPECTIVE

For more information about this report visit https://www.researchandmarkets.com/r/o76ncz

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