Global Composite Wind Power Blades Market Growth 2024-2030

Global Composite Wind Power Blades Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Composite Wind Power Blades market size was valued at US$ 3372.8 million in 2023. With growing demand in downstream market, the Composite Wind Power Blades is forecast to a readjusted size of US$ 4838.6 million by 2030 with a CAGR of 5.3% during review period.

The research report highlights the growth potential of the global Composite Wind Power Blades market. Composite Wind Power Blades are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Composite Wind Power Blades. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Composite Wind Power Blades market.

Wind turbine blade is mounted on the wind turbine. Most wind turbines have three blades, though there are some with two blades. Blades are generally 30 to 50 meters (100 to 165 feet) long, with the most common sizes around 40 meters (130 feet). Longer blades are being designed and tested. Blade weights vary, depending on the design and materials—a 40 meter LM Glasfiber blade for a 1.5 MW turbine weighs 5,780 kg (6.4 tons) and one for a 2.0 MW turbine weighs 6,290 kg (6.9 tons).

The wind power generation industry has grown rapidly and expanded worldwide in recent years to meet high global demand for clean electricity. In addition, from 2008 to 2014, the cumulative global power generating capacity of wind turbine installations in GWs increased by more than three times. Wind energy is now used in over 80 countries, 24 of which have more than 1 GW installed. The rapid growth in the wind power generation industry has been driven by population growth and the associated increase in electricity demand, widespread emphasis on expanded use of renewable energy and water resource management, the increasing effectiveness and cost- competitiveness of wind energy and accelerated urbanization in developing countries, among other factors.

According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China's installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.

Key Features:

The report on Composite Wind Power Blades market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Composite Wind Power Blades market. It may include historical data, market segmentation by Type (e.g., Below 1.5 MW, 1.5 MW), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Composite Wind Power Blades market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Composite Wind Power Blades market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Composite Wind Power Blades industry. This include advancements in Composite Wind Power Blades technology, Composite Wind Power Blades new entrants, Composite Wind Power Blades new investment, and other innovations that are shaping the future of Composite Wind Power Blades.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Composite Wind Power Blades market. It includes factors influencing customer ' purchasing decisions, preferences for Composite Wind Power Blades product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Composite Wind Power Blades market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Composite Wind Power Blades market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Composite Wind Power Blades market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Composite Wind Power Blades industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Composite Wind Power Blades market.

Market Segmentation:

Composite Wind Power Blades market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Below 1.5 MW
1.5 MW
1.5-2.0 MW
2.0 MW
2.0-3.0 MW
3.0 MW
3.0-5.0 MW
Above 5.0 MW

Segmentation by application
Offshore
Onshore

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
LM Wind Power
Vestas
Enercon
Tecsis
Gamesa
Suzlon
TPI Composites
Siemens
CARBON ROTEC
Acciona
Inox Wind
Zhongfu Lianzhong
Avic
Sinoma
TMT
New United
United Power
Mingyang
XEMC New Energy
DEC
Haizhuang Windpower
Wanyuan
CSR
SANY

Key Questions Addressed in this Report

What is the 10-year outlook for the global Composite Wind Power Blades market?

What factors are driving Composite Wind Power Blades market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Composite Wind Power Blades market opportunities vary by end market size?

How does Composite Wind Power Blades break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.