Wind Turbine Blade Market 2020 Global Industry Forecast To 2023 Research Report
Market Research Future published a Half-Cooked Research Report on “Global Wind Turbine Blade Market Research Report - Forecast to 2027. Wind Turbine Blades Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027. Siemens AG, General Electric, Vestas Wind Systems A/S, Enercon GMBH, Suzlon Energy Limited, Acciona, S.A., Nordex SE, SINOI GmbH, EWT B.V., and Rotoby are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global wind turbine blade market.
Wind Turbine Blade Global Market – Overview
Generation of electricity from wind is now firmly established as a mainstream source for power generation. Capacity of wind power has significantly increased across the world, as wind turbines have become more powerful, efficient and affordable for power producers in the last decade. These factors will create a positive impact on the demand for wind turbine blades, as they are an essential component in wind power projects. Wind energy is a relatively large single source (around 50%) of all increase in electricity generation globally. To give an example of the importance and growing clout of wind energy, wind energy accounted for around 40% of Denmark’s total power generation, 23% of Portugal and Ireland, and 19% of Uruguay. In South Australia, wind power contributes to around 40% of the total power generation. As per the study conducted by Market Research Future, the global market for wind turbine blade is likely to grow at the CAGR of around 10%.
The wind turbine blade market is driven by policy support from governments and reducing costs of wind power generation. Governments across the world have been pushing to include more renewable power to their energy mix, an approach that is driving many new wind power projects, generating demand for wind turbine blades. The declining cost per kWh of generating power from wind is making it the most attractive renewable energy option. However, high capital costs for such projects may act as a restraint for the market, along with the use of expensive raw material required for manufacturing larger blades. Future growth projections for the wind energy sector are very promising, indicating opportunities for in the turbine blade market. However, the market is required to handle critical challenges such as difficulty in transportation to fully capitalize on potential opportunities.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
Continued…
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Market Research Future
Office No. 528,
Amanora Chambers Magarpatta Road,
Pune, India.,
Phone: +1 646 845 9312