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Wind Turbine Composites Material Market by Fiber Type, Resin, Manufacturing Process, Application, Region - Global Forecast to 2021

Wind Turbine Composites Material Market: Global Forecast until 2021

  • March 2017
  • 146 pages
  • ID: 4775354
In this report:
The company signed an agreement with an energy provider, DEW ## (Germany), to supply and install ## of Gamesa wind turbines for production of ## MW wind energy in the wind farms located in lower Saxony region.
The major companies involved in the production of wind turbine composite products accounted for a share of ##% of the global wind turbine composite market.

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"The wind turbine composite market is estimated to rise at a compound annual growth rate of ~9.3 percent from 2016 to 2021, in terms of value concern."

The wind turbine composite market is estimated to grow ~$12.2B by 2021, at a compound annual growth rate of ~9.3 percent from 2016 to 2021. Rise in demand for carbon fibers for manufacturing wind turbine blades and increase in demand for renewable energy sources are driving the increase of this market. Nevertheless, issues associated to the high cost of raw materials including carbon fiber and epoxy resin, and recyclability issue of composites are factors restraining the increase of the market.

"The blades segment accounts for the biggest share of the wind turbine composite market, both in terms of value significance and quantity."

The blades application segment accounts for the more important composite consumption. Composites used in wind turbine blades offer them with properties including long shelf life, less maintenance, resistance to corrosion, and high strength-to-weight ratio.

"Asia-Pac is the quickest developing market for wind turbine composite."

The Asia-Pacific wind turbine composite market is attesting significant increase both, in terms of value importance and quantity. The growing demand for lightweight and high strength materials is driving the increase of the wind turbine composite market in this zone. Furthermore, the supportive government initiatives including favorable policies, wind power development programs, government regulations concerning renewable energy, and adjusted feed in tariffs for land-based wind power installations in this area are offering an impetus to the wind turbine composite market.

This analysis has been approved through primaries managed with different market experts, globally. Those primary sources have been sliced into the following three categories:

- By type of company- tier 1 - 25.0 percent, Tier 2 - 45.0 percent, and Tier 3 - 30.0 percent

- By designation- C Level - 10.0 percent, D-level - 30.0 percent, and Others - 60.0 percent

- By region- North America - 30.0 percent, Europe (EU) - 25.0 percent, Asia Pacific (APAC) - 30.0 percent, Middle East (ME) & African continent - 10.0 percent, and Latin America area - 5.0 percent

Segment Research

This industry report includes the wind turbine composite market based on fiber type, resin type, manufacturing process, application, and area. It aims at evaluating the market value and upcoming growth potential of this market across the above mentioned segments. Moreover, the industry report also comprises an detailed competitive study of main actors in the sector, together with their company descriptions, SWOT study, recent evolutions, and top increase strategies.

Why acquiring this study can help you:

The analysis will facilitate industry top players/new sector entrants by providing them the closest approximations of revenues for the global wind turbine composite market and its sub-segments. The market research will also assist partners better comprehend the competitive landscape and obtain additional insights to better option their businesses and industry strategies. It will assist partners comprehend the pulse of the sector and offer them information on main market drivers, market restraints, opportunities, and alternatives.

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