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Global Wind Turbine Rotor Blades Market Global Industry Insights, Trends, Size, Share, Outlook, And Opportunity Analysis, 2021-2030

In a recently published report, Global Wind Turbine Rotor Blades Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Wind Turbine Rotor Blades Market products.

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It is also anticipated to grow on account of the growing demand for alternative renewable energy sources, backed by the growing concern for pollution worldwide emitted from burning conventional fuel sources. Total electricity capacity from renewable energy sources around the world increased from around 750,000MW in 2000 to about 2,500,000MW in 2019. Additionally, electricity from hydropower energy, wind, solar, and bioenergy, grew from around 780000MW, 16000MW, 1200MW, and 29000MW in 2000 to 1300000MW, 620000MW, 580000MW, and 120000MW in 2019 respectively.

Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

Description

Wind is one of the major sources of renewable energy. Turbines are used to convert wind energy to electric energy with the help of rotating blades. The rotor forms the central base with multiple blades attached to it. The most common type of rotor blade assembly consists of a horizontal axis with three blades attached to the central hub.
End User/ Technology
Rotor blades are used in wind turbines to capture wind energy and convert it to mechanical energy for the purpose of rotation of the central hub. At the time of designing the blades the tip speed ratio (the ratio of the speed at the tip of the blade to wind speed) is to be maintained 6 or 7 to ensure high efficiency. Lightweight materials are used for blade design to achieve low rotational inertia. The blades are directly bolted to the hub. In some sophisticated system, blades are bolted to a pitch bearing which helps in adjusting the angle of attack and the pitch bearing is bolted to the central hub.

Market Dynamics
Shifting trend to cleaner and greener energy along with favorable Govt. policies are driving the growth of the market. Increase in the number of offshore wind energy generation facilities is creating demand for wind turbines which leads to the growth of turbine rotor blades market. Technological advancement, increasing demand for energy especially from developing countries on account of rapid industrialization and urbanization are also helping the wind turbine market to grow. Less cost for per unit of energy generation is one of the major advantages of wind energy. High initial capital expenditure is one of the primary restraints for the market.

Market Segments
The wind turbine rotor blades market can be segmented based on the material used and blade size. Glass fiber and carbon fiber are the materials used for manufacturing the blades. Based on the size the market can be subdivided into four parts- blade size less than 27meter, 27 to 37 meter, 38 to 50 meter, and greater than 50 meters.

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Regional/Geographic Analysis
The wind turbine rotor blades market can be regionally segmented into five parts Europe, North America, South America, the Asia Pacific and Middle East & Africa. The Asia Pacific is the current market leader and expected to grow at the highest CAGR in the forecasted period due to its consistent demand for energy. The European market is also expected to witness a substantial growth during the forecasted period.

Opportunities
Strict environmental standards driving the need for alternative energy, favorable Govt. policies, and technological advancement coupled with increasing demand for energy is creating lots of opportunities for the wind energy market which in turn is providing growth opportunities for the turbine rotor blade market.

Key Players
Some of the major players in the market include Blade Dynamics, LM Wind Power Group, Siemens AG, Moog Inc., Kemrock Industries And Exports Limited, SGS SA, and TANG Energy etc.
Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Russia
Poland
Rest of Eastern Europe

Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

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Phone: +1 313 462 0609

Leonard Thomas is an energetic and versatile freelance writer for 5 years, he pen down any type of articles and web content. he is a Cambridge University Business English Certificate (Europe Level) holder . he is analytical, enthusiastic and ingenious, with the essence to work variously, strives to emerge as a lucrative individual who has a grasp on market. Congenial Interpersonal skills and the competence to grab every single trivia with foolproof analysis is something he primarily posses .

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