Wind Turbine Composites Market Report: Trends, opportunities and forecast in this composites market to 2027 - LM Wind Power, Nordex SE, TPI Composites, Hexcel Corporation

The Wind Turbine Composites Market report provides a detailed overview of the industry including both qualitative and quantitative information with detailed market segmentation by battery type, motor type, class, and mode. The global Wind Turbine Composites market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Wind Turbine Composites market players and offers key trends and opportunities in the Wind Turbine Composites market.

The wind turbine composites market was valued at US$ 5,621.0 million in 2018 and is expected to grow at a CAGR of 5.8% from 2019 to 2027 to reach US$ 9138.6 million by 2027.

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Company Profiles
o ENERCON GmbH
o Hexcel Corporation
o Lianyungang Zhongfu Lianzhong Composites
o LM Wind Power
o Molded Fiber Glass Companies
o Nordex SE
o Siemens Gamesa Renewable Energy, S.A
o Suzlon Energy Limited
o TPI Composites, Inc
o Vestas Wind Systems A/S

The Wind Turbine Composites Market report give a 360-degree holistic view of the market and highlights the key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. In addition, the report also provides profiles of major companies along with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

Wind turbine composites are defined as the composites or components which are utilized in the production of wind turbine parts, such as blades and nacelles and others, which exhibits resilience and tensile strength. The use of composites helps in the production of lightweight components with excellent characteristics, low maintenance cost, resistance to corrosion, and long life of products. The global wind turbine composites market, by fiber type, has been segmented into glass fiber and carbon fiber and others.

The glass fiber segment dominated the global wind turbine composites market in 2018. Moreover, the carbon fiber & other fiber type segment is anticipated to grow at a faster pace over the projected period. Glass fibers are being increasingly used to manufacture wind turbine composites. The glass fiber under type E (electrical) is the most widely preferred for the preparation of composites. Glass fibers for composites have a good combination of properties: moderate stiffness, high strength, and moderate density.

Wind energy is one of the renewable energy technologies which is growing at a rapid pace. The global installed capacity of wind energy has increased 75 times in the past two decades. According to the International Renewable Energy Agency, it rose from 7.5 gigawatts in 1997 to ~564 gigawatts in 2018. The demand for wind turbine composites is dependent on factors such as new wind turbine installations and the rising demand for flexible materials in applications such as blades, tower, and others. The growing number of wind farms in China, Europe, and North America is expected to drive the market for wind turbine composites. According to the World Wind Energy Association, the global capacity of windmills reached 597 gigaWatt in 2018. The growing capacity of wind farms and surge in the number of wind farm projects globally are expected to drive the market for wind turbines, and consequently generate significant demand for wind turbine composites.

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Report Spotlights
o Progressive industry trends in the global wind turbine composite market to help players develop effective long-term strategies
o Business growth strategies adopted by developed and developing markets
o Quantitative analysis of the global wind turbine composite market from 2017 to 2027
o Estimation of global wind turbine composite demand across various industries
o PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
o Recent developments to understand the competitive market scenario and global Wind turbine composite demand
o Market trends and outlook coupled with factors driving and restraining the growth of the global wind turbine composite market
o Decision-making process by understanding strategies that underpin commercial interest with regard to global wind turbine composite market growth
o Global wind turbine composite market size at various nodes of market
o Detailed overview and segmentation of the global wind turbine composite market, as well as its dynamics in the industry
o Global wind turbine composite market size in various regions with promising growth opportunities

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