Press release
Wind Turbine Rotor Blades Market Projected to Reach US$ 33 Bn by 2025
According to Persistence Market Research (PMR), global wind energy installations have increased from 282.2 GW in 2012 to 486.7 GW in 2016. This is positively impacting the growth of the global wind turbine rotor blade market.
To know key findings Request Sample Report @: https://www.persistencemarketresearch.com/samples/15535
Increasing emphasis on wind power generation, combined with favorable government policies and assistance are also contributing to steady adoption of wind turbine rotor blades. Feed-in-tariffs and generation-based incentives enticing venture capitalists to invest in this fledgling market.
According to PMR’s report, wind energy harnessing was concentrated in developed regions; however, it is now being steadily adopted in emerging regions of Asia, Africa, and Latin America. Emphasis on wind energy is also expected to receive a fillip from the long-term target adopted by Climate Change Conference of the Parties (COP21).
Although PMR maintains a positive outlook on the global wind turbine rotor blade market, technological competition with solar panels, combined with public issues surrounding wind project management can impede growth in the long-term.
The key opportunities identified by Persistence Market Research include offshore wind system installations and development of carbon composite wind turbine rotor blades.
Request for Report Methodology @: https://www.persistencemarketresearch.com/methodology/15535
Key trends shaping the global wind turbine rotor blade market include,
Growing preference for long rotor blades: Operators are looking to maximize energy output, as a result of which, demand for long rotor blades is growing significantly.
Manufacturers are aiming at uniformity and quality control; due to this, demand for modular blade design is gaining traction.
In a bid to deal with extreme conditions on offshore farms, foldable rotor blades, ones that mimic palm trees, are steadily witnessing an uptick in demand.
By blade length, the global wind turbine rotor blade market has been segmented into,
Below 45 meters
45-60 meters
Above 60 meters
Among these, demand for 45-60 meters rotor blades is the highest, with this segment accounting for nearly 66% revenue share. In terms of revenue, the 45-60 meter rotor blades are expected to grow at 19.1% CAGR to reach US$ 18.93 Bn in revenues.
By blade material, the global wind turbine rotor blade market has been segmented into glass fiber and carbon composite. Currently, glass fibers outsell carbon composites, and the trend is expected to remain so during the forecast period. According to Persistence Market Research, glass fibers segment accounted for 95.5% revenue share of the market.
Get access to full summary @: https://www.persistencemarketresearch.com/market-research/wind-turbine-rotor-blades-market.asp
By application, the global wind turbine rotor blade market has been segmented into onshore and offshore. Currently, bulk of rotor blades are deployed onshore, with this segment accounting for 96.2% revenue share of the market. In terms of revenue, the onshore segment was valued at US$ 5.87 Bn in 2016.
In its report, Persistence Market Research offers market forecast and analysis on North America, Latin America, Europe, Asia Pacific, and MEA. Key companies profiled in the report include LM Wind, Siemens, CNBM, Sinoma, and TPI Composites.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Wind Turbine Rotor Blades Market Projected to Reach US$ 33 Bn by 2025 here
News-ID: 1487359 • Views: …
More Releases for Persistence
Persistence Innovation To Replenish The Security Analytics Market
Security Analytics Market 2022-2031
New Study Reports "Security Analytics Market 2022 Global Sizing and Growth, Dynamics, Competitive Landscape, SWOT Analysis and Forecasts 2031" has been Added on PMR.
Market Overview
In the past few years, The primary focus of the report is on the status, demand, future opportunity, forecast period, and growth opportunity. Moreover, the survey report focuses on the development, manufacturing companies, key market, investors, and the cost capital. The objective of…
Persistence Innovation To Replenish The Guacamole Market
The global guacamole market is set to rise at a CAGR of around 7% through 2031, to be valued at US$ 2.3 Bn, with demand for organic guacamole rising faster across geographies. Rising awareness about environmentally stable cultivation practices and the need for natural and nutritious foods are steadily creating demand for organic-labeled foods. Guacamole is no exception to this, even though the market share is less as compared to…
Persistence Innovation To Replenish The Bulgur Market
Persistence Market Research has analyzed various facts associated with bulgur market from a global standpoint and has skilfully presented them in its new research publication titled "Bulgur Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)". The comprehensive research report on bulgur market covers several trends, opportunities, drivers as well as challenges or restraints that have a direct influence on the growth of the global market for bulgur. All these…
Persistence Innovation To Replenish The Emulsifiers Market
The demand for processed food has increased owing to the rise in urbanization, this is thus driving the demand for various food ingredients. An emulsifier with one oil-friendly and one water-friendly end is known to improve the appearance of the food. Emulsifier manufacturers are witnessing increased demand from the food industry, in order to preserve taste, offer safety and maintain the texture of the processed foods. Increasing number of food…
Persistence Innovation To Replenish The Foodservice Packaging Market
A gradual shift from the tradition of cooking food at home toward buying ready-to-eat food has increased the rate of online food ordering, globally. Foodservice packaging processes require much less energy, owing to the recycled material used for manufacturing. Studies have concluded that packed solutions come at a low price and occupy 35% less space in any retail sector. Furthermore, packaging solutions come with various striking graphics, which, in turn,…
Persistence Innovation To Replenish The Banana Flour Market
Celiac disease is a chronic digestive disorder that originates from a reaction to gliadin, a gluten protein found in wheat, barley, rye, and oats. It results in inflammation and destruction of the inner lining of the small intestine, and can also lead to malabsorption of minerals and nutrients. A gluten-free diet helps in the treatment of celiac disease. With a growing market for gluten-free foods and ingredients, proliferation of new…
