MarketsandMarkets: Global Wind Turbine Rotor Blade Market Will Reach $14.6 Billion With Annual Installations of 0.14 Million Blades by 2016
By Marketsandmarkets, PRNESunday, July 17, 2011
DALLAS, July 18, 2011 -
According to a new market research report, “
Global Wind Turbine Rotor Blade Market by Testing, Material,
Blade Size, Regulations & Outlook (2011 -
2016)” published by MarketsandMarkets
(www.marketsandmarkets.com), global wind turbine rotor blade
market will grow from estimated $7.7 billion in 2011 to $14.6
billion in 2016 with a compound annual growth rate of 13.6% during
the same period.
Browse 91 market data tables/figures and in-depth TOC
on “Global Wind Turbine Rotor Blade
Market,“an extensive report with 300
pages.
www.marketsandmarkets.com/Market-Reports/rotor-blade-market-286.html
Early buyers will receive 10% customization of
reports
Increasing price of non-renewable energy sources, growing energy
consumption especially from emerging countries, pro-wind regulatory
environment for wind projects and increase in utility scale wind
energy generation farms have put the world at 197 GW installed
capacity at the end of 2010. In, 2010, 37.6 MW of wind turbines
were installed; mounted with 70,579 blades, valuing market size of
$6.8 billion.
Asia-Pacific is the fastest growing market and will grow by
19.3% CAGR during 2011 - 2016. By 2016, the
wind turbine rotor blade market in Asia-Pacific will be at $9.1
billion with annual installation of 93,243 blades. The growth of
Asia-Pacific is attributed to China, where market is growing in
support of internal market drivers such as government support
through various subsidies, increasing turbine demand from existing
and proposed wind farms, and inexpensive raw material availability.
Recently, China has presence of all major blade manufacturers with
their facilities in the region. Currently, the country has presence
of more than 50 blade manufacturers and most of them are very small
with product portfolio of 1 - 3 small size blades.
The blade size of 38 - 50 meter length has the largest market
with global market share of 55% during 2010 and will grow to 62% in
2016. Glass fiber composites are the predominantly used materials
in modern blades and approximately 0.15 million metric tons of
glass fiber was utilized in blade manufacturing during 2010. Carbon
fiber is upcoming material usually used in blades sizing more than
45 meters. In 2010, estimated 8,160 metric tons of carbon fiber was
used for blade manufacturing; which will increase to as much as 2
million metric tons in 2016 with growth rate of 22.9% CAGR during
2011 - 2016.
Blade testing is very crucial with respect to blade’s
reliability during its life cycle and thus creates a market for
test facilities. Europe is the most mature market with number of
test facilities available in the region. In past few years, blade
manufacturing base has shifted from Europe to Asia-Pacific,
especially China but Asia-Pacific has the lowest number of test
facilities.
The report “Global Wind Turbine Rotor Blade Market by Testing,
Material, Blade Size, Regulations & Outlook (2011 - 2016)” has
different chapters on regional analysis, materials, and blade
testing. It also focus on cost analysis, manufacturing processes,
key market trends, market share analysis, market metrics like
drivers, restraints and opportunities. With 91 market
tables/figures, it breaks and forecast the market in every possible
way.
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