Wind Turbine Blade Global Market 2018 Industry Overview and Competitive Analysis Research Report

Market Highlights:-

A wind turbine blade is a fundamental constituent of a wind turbine which captures wind energy by converting it into rotation used to move the turbine. The wind turbine blade market is expected to generate a CAGR of 8.6 % during the forecast period ending 2027.

Favorable government policies towards the Wind Turbine Blade market are a major factor which is driving the market. Rapid inclusion of policies by the governments to boost the integration of renewable energy in their energy mix is inducing significant demand in the Wind Turbine Blade market. A mix of awareness and economic benefits is pushing the market towards immense growth globally.

Industry Top Key Players:-

iemens AG
Acciona S.A.
Vestas Wind Systems
Stem AS
Gamesa Corporacion Tecnologica
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Market Segmentation:-

To generate a bird’s view of the wind turbine blade market the report has been segmented by type, size and regions.

Type - glass fiber and carbon fiber.

Size - 50 Meter.

Axis - horizontal axis and vertical axis

Design - flat blades and curved blades.

Regions – North America, Europe, Asia-Pacific and Middle East and Africa.

Technological Developments:-

Composites to replace traditional materials owing to their advantages such as faster spin, ability to capture lower velocity winds, strength, flexibility, lightweight and others.

The attractive benefits of composite materials such as faster spin, ability to capture lower velocity winds, lightweight, strength and flexibility, will eventually make them the materials of choice. “A blend of glass fiber reinforced polyester, glass fiber reinforced epoxy, and carbon fiber reinforced epoxy will eventually displace the traditional materials” says Mr. Suhail Noolkar, researcher at Market Research Future. Design flexibility, corrosion-resistant, dimensionally stable, high-dielectric strength, and lower manufacturing costs are added benefits which will result in a complete transformation of industry,” adds Mr. Noolkar.

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Regional Analysis of Wind Turbine Blade Market:-
Asia-Pacific is one of the leading regions for the Wind Turbine Blade market mainly due to the favorable government policies and attractive investment opportunities in the Asia-Pacific region. Increasing awareness regarding economic benefits of the renewable energy sources is one of the main factors that are driving the demand in this market.

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This release was published on openPR.