Global Onshore Wind Turbine Scrapping and Recycling Market Growth (Status and Outlook) 2023-2029

Global Onshore Wind Turbine Scrapping and Recycling Market Growth (Status and Outlook) 2023-2029

The global Onshore Wind Turbine Scrapping and Recycling market size is projected to grow from US$ 29 million in 2022 to US$ 307 million in 2029; it is expected to grow at a CAGR of 40.4% from 2023 to 2029.

The major global manufacturers of onshore wind turbine scrapping and recycling are HJHansen Recycling Group, Schnitzer Steel, Belson Steel, Veolia, Stena Recycling, Carbon Rivers, and Fengnuo Environmental, etc. The largest producer is HJHansen Recycling Group, with a market share of 15.71%. Global onshore wind turbine scrapping and recycling production regions are mainly located in North America, Europe, China, Japan and so on. The consumer markets are mainly located in North America, Europe, China, etc., with Europe having the largest market share at 85.73%. In terms of its product category, mechanical processes has the highest market share of over 99%. In terms of its application, the steel&iron industry is its top application area, accounting for 54.07% of the market share, followed by copper industry and permanent magnet industry, with 29.7% and 10.53% respectively.

Wind turbines are made up of many materials that have substantial salvage value at the end of its operational life and are recyclable. In fact, 80-94% of a wind turbine’s mass consists of easily recycled materials, such as steel / iron (approximately 88% of a turbine’s mass), aluminum (approximately 0.7%), and copper (approximately 2.7%). Other wind turbine components such as blades, nacelle covers and rotor covers are made of up composite materials, mostly fiberglass and carbon fiber, which, while nontoxic and safe, are more difficult to process for other purposes. However, these components make up roughly only 8% of a wind turbine’s total mass.

In addition, as described more below, the wind energy industry and other partners are expanding options to recycle and reuse even these historically tougher to process materials. While wind energy projects are expected to operate for 20 to 35 years, individual wind turbine components like rotor blades and covers may need upgrading or replacing sooner because of normal wear from exposure to the elements, or improvements in technology.


LPI (LP Information)' newest research report, the “Onshore Wind Turbine Scrapping and Recycling Industry Forecast” looks at past sales and reviews total world Onshore Wind Turbine Scrapping and Recycling sales in 2022, providing a comprehensive analysis by region and market sector of projected Onshore Wind Turbine Scrapping and Recycling sales for 2023 through 2029. With Onshore Wind Turbine Scrapping and Recycling sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Onshore Wind Turbine Scrapping and Recycling industry.

This Insight Report provides a comprehensive analysis of the global Onshore Wind Turbine Scrapping and Recycling landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Onshore Wind Turbine Scrapping and Recycling portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Onshore Wind Turbine Scrapping and Recycling market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Onshore Wind Turbine Scrapping and Recycling and breaks down the forecast by treatment method, by material, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Onshore Wind Turbine Scrapping and Recycling.

This report presents a comprehensive overview, market shares, and growth opportunities of Onshore Wind Turbine Scrapping and Recycling market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by treatment method
Mechanical Processes
Thermal Processes
Thermo-chemical Processes

Segmentation by material
Steel & Iron
Copper
Aluminum
Permanent Magnet
Composites

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.
HJHansen Recycling Group
Schnitzer Steel
Belson Steel
Veolia
Stena Recycling
Carbon Rivers
Fengnuo Environmental

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