Wind Turbine Blade Market Competitive Market Strategies: Siemens AG (Germany), Acciona S.A. (Spain), Vestas Wind Systems (Denmark), Stem AS (Denmark), and Gamesa Corporacion Tecnologica (Spain).

Market Overview:
Growing development of wind energy due to rising energy demands, concerns over emissions and enactment of regulations such as the Kyoto protocol, government support for renewable energy, compulsory renewable energy acquisition agreements, attractive economics of wind energy such as falling cost per kWh of wind power and others are the critical determinants of the market.

Advances in structural and material engineering such as lattice and hybrid blades, growing use of glass-reinforced plastic (GRP) and Carbon fiber reinforced plastic (CFRP) as well as composites are technical drivers of the market. Advances in designing such as computer simulations and computer aided design have resulted in development of high efficiency blades with ergonomic designs, a trend likely to continue.

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Technical determinants crucial to wind turbine blades are height, blades length, wind patterns, wind turbulence, blades weight, and others which play a decisive role in the use of different materials of varying strength and characteristics in the construction of turbine blades. The development of offshore wind energy demonstrated by the Scandinavian nations has provided impetus for the growth of the market. The oil and gas industry has penetrated and invested in these technologies owing to in-house skill set complimentary to develop wind turbine to power offshore oil rigs.

Industry Top Key Players:

Some of the major players in the Wind Turbine blade market are Suzlon Energy Limited (India), Siemens AG (Germany), Vestas Wind Systems (Denmark), Stem AS (Denmark), Acciona S.A. (Spain), and Gamesa Corporacion Tecnologica (Spain) and others.

Study Objectives of Wind Turbine Blade Market:-
• To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Wind Turbine Blade market
• To provide insights about factors affecting the market growth
• To Analyze the Wind Turbine Blade market based on various factors- price analysis, supply chain analysis, Porters five force analysis.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to six main geographies and their countries- North America, Europe, Asia-Pacific, South America, Middle East, and Africa
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segment by size, by type and by region as well as its sub segments
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, and new product developments in the global Wind Turbine Blade market

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Regional Analysis:

Europe is the undisputed leader in the wind turbine blades market with a share of greater than 40 % in 2016, led by Germany, France, Norway, Finland, and others. The support from the European governments and the EU, as a whole owing to contributions for carbon emission reduction goals has led to over 272.6 MW installed capacity by the end of 2015.
North America led by the U.S. accounts for the second largest market share of small wind turbines. The Asia Pacific region is anticipated to be the fastest growing market. China followed by India and Japan has the largest number of wind power project projects under planning and construction phase.

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.

He also points at the ease of transport, repairs and longer blade life benefits associated with composites. To pitch his stand, Mr. Noolkar further reveals the fact that materials account for more than 90% of the manufacturing costs of a blade, which makes it the critical determinant of turbine cost! Thus if the industry is to survive the competetion from other energy sources, then material innovation is a must.

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