07-27-2018 03:49 PM CET - Energy & Environment

Wind Turbine Composites Material Market Speeding Up In 2018 With Orano, Siemens Gamesa, Kemrock Industries and Exports Ltd, LM Wind Power, AVIC HUITENG WINDPOWER EQUIPMENT CO.,LTD, ENERCON

Press release from: Data Bridge Market Research
Wind Turbine Composites Material
Wind Turbine Composites Material

A blend of top-down and bottom-up approaches were used to come to the exact indsutry sizes and development rates of the global wind turbine composites material market and its segments. Various secondary information sources were used to find the overall revenues, product portfolios and geographic reach of the companies operating in the wind turbine composites material market. Estimates of the solution, services and wind turbine composites material deployment type classification revenues were confirmed and validated through primary interviews.

Primary interviews are conducted with various players in wind turbine composites materials ecosystem and key opinion leaders to confirm the provided percentage split and market share. The study demonstrates key market dynamics that are expected to influence the current environment and future status of global wind turbine composites material market over the forecast period.

Exploring study on wind turbine composites material marketing survey, customer survey, research, markets, types of market, deep research, share, trends, analysis report, forecast, insight, global wind turbine composites material market research, services, research examples, market report, questions, regional market research, wind turbine composites material agency to fosters organization.

The Global Wind Turbine Composites Material Market accounted for USD 7.60 billion in 2016 and is projected to grow at a CAGR of 9.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Some of the major players in wind turbine composites material market include
• Avic Huiteng Wind Power Equipment Company Limited
• Enercon GmbH
• Gamesa Corporation Technology
• Kemrock Industries and Exports Limited
• LM Wind Power

Other Operating Players Analysis Are Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd, Mfg Wind, Nordex SE, Senvion, Siemens AG, Suzlon Energy Limited, TPI Composites, Inc., United Power, Vestas Wind Systems A/S and many more.

Major Market Drivers:

Increasing Length Of Wind Turbine Blades
Use Of Carbon Fiber In Wind Blades
Demand For Renewable Energy Sources

Market Restraint:

High cost of carbon fiber and epoxy resin
High dependence of wind energy industry on government subsidies

Wind turbine composites materials are used for the manufacturing of advanced and more powerful wind turbines blades. Blades, nacelles and other such parts of wind turbines are manufactured using these composites. High demand for wind turbine blades and increasing importance of renewable energy sources are driving this market.

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Market Segmentation: Global Wind Turbine Composites Material Market

The wind turbine composites material market is segmented on the basis of type into glass fiber, carbon fiber and others.

On the basis of resin, the market is segmented into epoxy, polyester, vinyl ester and others.

On the basis of manufacturing process, the market is segmented into vacuum injection molding, prepreg, and hand lay-up.

On the basis of application, the market is segmented into blades, nacelles and others.

On the basis of geography, the wind turbine composites material market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacific is expected to dominate the market.

Competitive Landscape: Global Wind Turbine Composites Material Market

The global wind turbine composites material market is consolidated with the presence of a limited number of manufacturers. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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