Wind Turbine Blade Market – 2019 Industry Analysis By Global Size, Share, Trends, Growth, Competitive Landscape With Regional Forecast To 2027
According to latest Wind Turbine Blade Market Analysis 2019 to 2027 report, the global Wind Turbine Blade market is expected to grow at 8.6% CAGR by 2027. Report include insightful analysis by Wind Turbine Blade Industry expertise which comprises historical and forecast information on Wind Turbine Blade Market.
Pune, India – September 9, 2019 /MarketersMedia/ —
According to latest Wind Turbine Blade Market Analysis 2019 to 2027 report, the global Wind Turbine Blade market is expected to grow at 8.6% CAGR by 2027. Report include insightful analysis done by Wind Turbine Blade Industry expertise which comprises valuable historical and forecast information on Wind Turbine Blade Market by Type (Glass Fiber and Carbon Fiber), by size (50 Meter) and Region.
Wind Turbine Blade Industry Key Companies Analyzed in Report: Suzlon Energy Limited (India), Siemens AG (Germany), Vestas Wind Systems (Denmark), Stem AS (Denmark), Acciona S.A. (Spain), and Gamesa Corporacion Tecnologica (Spain).
Get Free Sample Copy of “Wind Turbine Blade Market Research Report – Global Forecast 2027” at: https://www.marketresearchfuture.com/sample_request/1150
Global Wind Turbine Blade Market 2019 Insights:
A wind turbine blade is a vital component of a wind turbine as it captures the wind energy by converting it into rotation used to move the turbine. The latest Market Research Future (MRFR) report has suggested that the global wind turbine blade market is set to ascend at 8.6% CAGR over the assessment period.
Such growth can be accredited to the rising demands for energy demands, rising concerns towards the environment and a rising inclination towards the usage of renewable energy. Governments have introduced various regulations to curb the carbon emissions occurring due to the usage of conventional sources of energy. This is encouraging the shift towards renewable energy and higher adoption of wind energy alternatives to produce energy.
Advances in the structural and material engineering such as lattice and hybrid blades and growing use of glass-reinforces plastic (GRP) and carbon fiber reinforced plastic (CERP) including composites are fostering the growth of the global wind turbine blade market. Innovations in designing as computer simulations and computer-aided design have resulted in the development of high-efficiency blades with ergonomic designs, promoting the ascension of the global wind turbine blade market. Moreover, development of offshore wind energy seen in Scandinavian countries is providing a higher impetus for the upscaling of the wind turbine blade market. However, the global wind turbine blade market is observed to face some hindrance in growth owing to the high cost of installation and maintenance of turbine blades.
Wind Turbine Blade Market Segment Analysis:
The wind turbine blade market is studied for the segmentation based on type, axis, design, size, and region. Based on type, the global wind turbine blade market is segmented into carbon fiber, glass fiber. Based on size, the global wind turbine blade market is segmented into 50 meters. Based on axis, the global wind turbine blade market is segmented into horizontal axis and vertical axis. Based on design, the global wind turbine blade market is segmented into curved blades and flat blades.
Detailed Regional Outlook:
The wind turbine blade market is segmented into the regions of North America, Europe, Asia Pacific, and the Middle East & Africa. Europe is anticipated to be the undisputed leader in the global wind turbine blade market, holding over 40% share of the global wind turbine blade market at the beginning of the forecast period. Germany, Norway, Finland, and France are expected to spearhead the country-specific markets for wind turbine blade over the forecast period. The ascension noted in the regional wind turbine blade market can be owed to the rising government support and the European Union, owing to the concerns rising regarding carbon emissions and goals to reduce the same. This has led to an installed capacity of over 272.6 MW by the end of 2015.
North America accounted for the second-largest share of the global wind turbine blade market at the beginning of the forecast period. The US is expected to dominate the country-specific market for wind turbine blade through the assessment period.
On the other hand, Asia Pacific is expected to grow at the fastest rate during the assessment period. Japan, China, and India are projected to lead the country-specific market for wind turbine blades by 2023. This can be owed to the largest number of wind power projects under the planning and construction phase.
Report Scope:
Study Period: 2018 to 2027.
Base Year: 2018.
Key Table of Content:
1 Executive Summary 11
2 Introduction 12
2.1 Definition 12
2.2 Scope Of The Study 12
2.3 Assumptions 12
2.4 Key Buying Criteria 13
2.5 Market Structure 13
3 Research Methodology 14
3.1 Research Process 14
3.2 Primary Research 14
3.3 Secondary Research 15
3.4 Market Size Estimation 15
3.5 Forecast Model 17
4 Market Factor Analysis 18
4.1 Porter’s Five Forces Analysis 18
4.1.1 Threat Of New Entrants 18
4.1.2 Bargaining Power Of Suppliers 19
4.1.3 Bargaining Power Of Buyers 19
4.1.4 Threat Of Substitutes 19
4.1.5 Rivalry 19
4.2 Supply Chain Analysis 20
5 Patent Trends 22
5.1 Patent Trends 22
6 Market Dynamics 27
Continued…
List of Tables:
TABLE 1 GLOBAL WIND TURBINE BLADE MARKET SNAPSHOT
TABLE 2 DRIVERS FOR THE MARKET
TABLE 3 RESTRAINTS FOR THE MARKET
TABLE 4 GLOBAL WIND TURBINE BLADE MARKET, BY TYPE
Continued…
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