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PUBLISHER: IMARC | PRODUCT CODE: 1451668
PUBLISHER: IMARC | PRODUCT CODE: 1451668
Wind Turbine Rotor Blade Market Report by Blade Material (Carbon Fiber, Glass Fiber, and Others), Blade Length (Below 45 Meters, 45-60 Meters, Above 60 Meters), Location of Deployment (Onshore, Offshore), and Region 2024-2032
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The global wind turbine rotor blade market size reached US$ 23.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 47.1 Billion by 2032, exhibiting a growth rate (CAGR) of 7.9% during 2024-2032.
A wind turbine rotor blade is an indispensable airfoil-shaped component designed to produce electricity by absorbing kinetic energy to torque through aerodynamic forces around a central hub. It usually encompasses three blades in a tip-speed ratio (TSR) structure that offers low inertia and optimal mechanical strength. Apart from this, the wind turbine rotor blade aids in sweeping and capturing more area and wind, enabling faster tip turns, and converting this energy into rotary motions. Based on these properties, it finds extensive applications in various onshore and offshore locations to sail and generate renewable energy. At present, wind turbine motors are commercially available in varying blade shapes, inclination angles, configurations, and sizes.
Wind Turbine Rotor Blade Market Trends:
The increasing need for alternative energy sources and the extensive employment of wind energy power generation technology to maximize electricity production has supplemented product usage across the globe. This is further supported by the rising demand for efficient energy sources and the ongoing depletion of petroleum-based resources. In line with this, escalating environmental concerns have prompted governments to promote the uptake of eco-friendly assets, such as wind turbines, to mitigate carbon emissions, which is acting as another growth-inducing factor. Moreover, the rising employment of various materials, such as aluminum, wood, and plastics, to engineer advanced wind turbine rotor blades at cost-effective prices is supporting the market growth. Additionally, the advent of aircraft wing structures designed product variants to improve operational efficiency and the incorporation of glass fiber reinforced plastics and epoxy in wind turbine rotor blades are contributing to the market growth. Other factors, such as ongoing wind system installation across offshore areas and strategic collaborations amongst key players to launch lightweight, recyclable wind rotor blades, are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global wind turbine rotor blade market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on blade material, blade length and location of deployment.
Breakup by Blade Material:
Carbon Fiber
Glass Fiber
Others
Breakup by Blade Length:
Below 45 Meters
45-60 Meters
Above 60 Meters
Breakup by Location of Deployment:
Onshore
Offshore
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Acciona S.A., Enercon GmbH, INOX Wind Limited, LM Wind Power (General Electric Company), Moog Inc., Nordex SE, SGS S.A., Siemens Gamesa Renewable Energy S.A. (Siemens Energy AG), Suzlon Energy Limited and Vestas Wind Systems A/S.
Key Questions Answered in This Report
- 1. What was the size of the global wind turbine rotor blade market in 2023?
- 2. What is the expected growth rate of the global wind turbine rotor blade market during 2024-2032?
- 3. What are the key factors driving the global wind turbine rotor blade market?
- 4. What has been the impact of COVID-19 on the global wind turbine rotor blade market?
- 5. What is the breakup of the global wind turbine rotor blade market based on the blade material?
- 6. What is the breakup of the global wind turbine rotor blade market based on the blade length?
- 7. What is the breakup of the global wind turbine rotor blade market based on location of deployment?
- 8. What are the key regions in the global wind turbine rotor blade market?
- 9. Who are the key players/companies in the global wind turbine rotor blade market?
Product Code: SR112024A6289
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Wind Turbine Rotor Blade Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Blade Material
- 6.1 Carbon Fiber
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Glass Fiber
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Others
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Blade Length
- 7.1 Below 45 Meters
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 45-60 Meters
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Above 60 Meters
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Location of Deployment
- 8.1 Onshore
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Offshore
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Acciona S.A.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Enercon GmbH
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 SWOT Analysis
- 14.3.3 INOX Wind Limited
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 LM Wind Power (General Electric Company)
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 SWOT Analysis
- 14.3.5 Moog Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Nordex SE
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 SGS S.A.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 Siemens Gamesa Renewable Energy S.A. (Siemens Energy AG)
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Suzlon Energy Limited
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Vestas Wind Systems A/S
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.1 Acciona S.A.
Product Code: SR112024A6289
List of Figures
- Figure 1: Global: Wind Turbine Rotor Blade Market: Major Drivers and Challenges
- Figure 2: Global: Wind Turbine Rotor Blade Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Wind Turbine Rotor Blade Market: Breakup by Blade Material (in %), 2023
- Figure 5: Global: Wind Turbine Rotor Blade Market: Breakup by Blade Length (in %), 2023
- Figure 6: Global: Wind Turbine Rotor Blade Market: Breakup by Location of Deployment (in %), 2023
- Figure 7: Global: Wind Turbine Rotor Blade Market: Breakup by Region (in %), 2023
- Figure 8: Global: Wind Turbine Rotor Blade (Carbon Fiber) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Wind Turbine Rotor Blade (Carbon Fiber) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Wind Turbine Rotor Blade (Glass Fiber) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Wind Turbine Rotor Blade (Glass Fiber) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Wind Turbine Rotor Blade (Other Blade Materials) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Wind Turbine Rotor Blade (Other Blade Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Wind Turbine Rotor Blade (Below 45 Meters) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Wind Turbine Rotor Blade (Below 45 Meters) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Wind Turbine Rotor Blade (45-60 Meters) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Wind Turbine Rotor Blade (45-60 Meters) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Wind Turbine Rotor Blade (Above 60 Meters) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Wind Turbine Rotor Blade (Above 60 Meters) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Wind Turbine Rotor Blade (Onshore) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Wind Turbine Rotor Blade (Onshore) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Wind Turbine Rotor Blade (Offshore) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Wind Turbine Rotor Blade (Offshore) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: North America: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: North America: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: United States: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: United States: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Canada: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Canada: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Asia-Pacific: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Asia-Pacific: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: China: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: China: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Japan: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Japan: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: India: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: India: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: South Korea: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: South Korea: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Australia: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Australia: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Indonesia: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Indonesia: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Others: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Others: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Europe: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Europe: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Germany: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Germany: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: France: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: France: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: United Kingdom: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: United Kingdom: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Italy: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Italy: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Spain: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Spain: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Russia: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Russia: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Others: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Others: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Latin America: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Latin America: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Brazil: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Brazil: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Mexico: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Mexico: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Others: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Others: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Middle East and Africa: Wind Turbine Rotor Blade Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Middle East and Africa: Wind Turbine Rotor Blade Market: Breakup by Country (in %), 2023
- Figure 72: Middle East and Africa: Wind Turbine Rotor Blade Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Global: Wind Turbine Rotor Blade Industry: SWOT Analysis
- Figure 74: Global: Wind Turbine Rotor Blade Industry: Value Chain Analysis
- Figure 75: Global: Wind Turbine Rotor Blade Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Wind Turbine Rotor Blade Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Wind Turbine Rotor Blade Market Forecast: Breakup by Blade Material (in Million US$), 2024-2032
- Table 3: Global: Wind Turbine Rotor Blade Market Forecast: Breakup by Blade Length (in Million US$), 2024-2032
- Table 4: Global: Wind Turbine Rotor Blade Market Forecast: Breakup by Location of Deployment (in Million US$), 2024-2032
- Table 5: Global: Wind Turbine Rotor Blade Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Wind Turbine Rotor Blade Market: Competitive Structure
- Table 7: Global: Wind Turbine Rotor Blade Market: Key Players
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