Technavio has been monitoring the wind turbine rotor blade market and it is poised to grow by USD 6.09 billion during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Wind Turbine Rotor Blade Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Acciona SA, ENERCON GmbH, General Electric Co., Mingyang Smart Energy Group Co. Ltd., Siemens Gamesa Renewable Energy SA, Sinoma Science Technology Co. Ltd., Tecsis Tecnologia e Sistemas Avancados SA, TPI Composites Inc., Vestas Wind System AS, and Xinjiang Goldwind Science Technology Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Decreasing LCOE of wind energy has been instrumental in driving the growth of the market.
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Wind Turbine Rotor Blade Market 2020-2024: Segmentation
Wind Turbine Rotor Blade Market is segmented as below:
- Application
- Onshore
- Offshore
- Material
- Glass Fiber
- Carbon Fiber
- Others
- Geographic Landscape
- APAC
- EMEA
- North America
- South America
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Wind Turbine Rotor Blade Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The wind turbine rotor blade market report covers the following areas:
- Wind Turbine Rotor Blade Market Size
- Wind Turbine Rotor Blade Market Trends
- Wind Turbine Rotor Blade Market Analysis
This study identifies rising number of offshore wind farm installations as one of the prime reasons driving the wind turbine rotor blade market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Wind Turbine Rotor Blade Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist wind turbine rotor blade market growth during the next five years
- Estimation of the wind turbine rotor blade market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the wind turbine rotor blade market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of wind turbine rotor blade market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Onshore Market size and forecast 2019-2024
- Offshore Market size and forecast 2019-2024
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY MATERIAL
- Glass fiber
- Carbon fiber
- Others
PART 09: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC Market size and forecast 2019-2024
- EMEA Market size and forecast 2019-2024
- North America Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Advancements in onshore wind energy technology
- Rising number of offshore wind farm installations
- Advances in blade design
PART 13: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Acciona SA
- ENERCON GmbH
- General Electric Co.
- Mingyang Smart Energy Group Co. Ltd.
- Siemens Gamesa Renewable Energy SA
- Sinoma Science Technology Co. Ltd.
- Tecsis Tecnologia e Sistemas Avancados SA
- TPI Composites Inc.
- Vestas Wind System AS
- Xinjiang Goldwind Science Technology Co. Ltd.
PART 15: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 16: EXPLORE TECHNAVIO
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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