Wind Blade Market to Reach US$45.2 Billion by 2032 | Glass Fiber Segment Leads with 41.4% Revenue Share in 2024 | DataM Intelligence

Leander, Texas and Tokyo, Japan - Nov 25, 2025
According to DataM Intelligence, the global wind blade market reached US$23.9 billion in 2023, rising to US$25.7 billion in 2024 and is expected to reach US$45.2 billion by 2032, growing at a CAGR of 7.2% from 2025 to 2032. This robust growth is propelled by increasing global demand for renewable energy, government initiatives supporting wind power development, technological advancements in blade design, growing offshore wind installations, and rising investments in wind energy infrastructure worldwide.

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Browse in-depth TOC on "Wind Blade Market"
65 - Tables
58 - Figures
185 - Pages

Recent Developments (November 2025)
✅ LM Wind Power (Denmark) launched next-generation glass fiber blades exceeding 80 meters in length, specifically designed for high-efficiency onshore wind turbines in the 5-7 MW range.
✅ TPI Composites, Inc. (US) expanded their carbon fiber reinforced blade production, introducing advanced hybrid composites for offshore wind applications requiring superior strength and durability.
✅ Siemens Gamesa Renewable Energy (Germany) developed innovative blade designs for turbines above 8 MW capacity, featuring enhanced aerodynamic profiles and lightning protection systems.
✅ Vestas Wind Systems A/S (Denmark) introduced recyclable thermoplastic resin blades, addressing sustainability concerns in the wind industry through circular economy principles.
✅ Nordex SE (Germany) launched cost-effective glass fiber blades for the 3-5 MW turbine segment, optimizing production efficiency for emerging market deployments.

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Competitive Landscape
The market features intense competition between global wind blade manufacturers, composite material specialists, and integrated wind turbine companies.

1. LM Wind Power maintained market leadership with 26% global market share, expanding their glass fiber blade portfolio and reporting 28% revenue growth in 2024-2025 through strategic partnerships with turbine manufacturers.
2. TPI Composites, Inc. captured 22% market share in advanced composites, securing long-term supply contracts for offshore wind projects and achieving 25% growth through technological innovation.
3. Siemens Gamesa Renewable Energy dominated the large blade segment with 21% market share, reporting 24% growth through integrated turbine-blade system solutions.
4. Vestas Wind Systems A/S led sustainable blade development with 19% market share, achieving 26% growth through recyclable material advancements.
5. Nordex SE expanded their onshore blade offerings with 16% market share, focusing on cost optimization with 22% revenue growth.

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Segmentation Analysis
By Material Type
• Glass Fiber dominates the market with 41.4% revenue share in 2024, projected to grow at 7.1% CAGR, valued for cost-effectiveness, excellent mechanical properties, proven reliability in wind applications, and widespread adoption across onshore and offshore wind turbines globally.
• Carbon Fiber shows accelerated growth with 28% revenue share in 2024, expected to grow at 8.5% CAGR, preferred for large offshore blades requiring high strength-to-weight ratios and enhanced stiffness characteristics.
• Hybrid Composites demonstrates significant expansion with 25% revenue share in 2024, growing at 7.8% CAGR, valued for optimized performance and cost balance in demanding applications.

By Blade Size
• Above 70 meters leads the market with 45% revenue share in 2024, growing at 8.2% CAGR, driven by trend toward larger turbines for increased energy capture, offshore wind development, and efficiency improvements in wind farm projects.
• 46-70 meters shows strong presence with 35% revenue share in 2024, expanding at 6.8% CAGR, preferred for mainstream onshore applications and repowering projects.
• Up to 45 meters demonstrates consistent demand with 20% revenue share in 2024 for smaller turbines and specific site applications.

By Turbine Capacity
• Above 5 MW represents the largest segment with 48% revenue share in 2024, projected to grow at 8.4% CAGR, driven by offshore wind expansion, technological advancements, and increasing capacity factors in modern wind farm developments.
• 3 MW - 5 MW shows robust growth with 32% revenue share in 2024, expected to grow at 6.9% CAGR, valued for onshore wind projects and emerging market installations.
• Up to 3 MW demonstrates steady applications with 20% revenue share in 2024 for distributed generation and specific site requirements.

By Deployment
• Onshore commands the largest share with 68% revenue share in 2024, growing at 6.8% CAGR, driven by lower installation costs, established technology, and widespread global deployment across various terrain and climate conditions.
• Offshore shows accelerated growth with 32% revenue share in 2024, expected to grow at 8.9% CAGR, preferred for higher capacity factors, consistent wind resources, and increasing government support for marine-based wind energy.

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Regional Analysis:
Asia-Pacific leads the global wind blade market, capturing the largest revenue share of 38.2% in 2024, driven by massive wind energy investments in China, India, and Southeast Asia, strong government support for renewable energy, growing electricity demand, and established manufacturing infrastructure for wind components.

North America emerges as the fastest-growing market, projected to expand at 8.7% CAGR through 2032, fueled by ambitious offshore wind targets, federal and state incentives, grid modernization initiatives, and increasing corporate renewable energy procurement across the United States and Canada.

Market Trends & Drivers
The Wind Blade Market is experiencing robust growth driven by the global energy transition, cost reduction achievements, technological innovations, and climate change mitigation efforts. Key trends include the development of longer and smarter blades, growth in recyclable materials, advancement in digital blade monitoring, expansion of offshore applications, and increasing focus on lifecycle sustainability. The renewable energy expansion, technological advancement, and policy support are significantly contributing to market expansion.

Related Reports:
1. Offshore Wind Market - https://www.datamintelligence.com/research-report/offshore-wind-market?jd
2. Wind Turbine Market - https://www.datamintelligence.com/research-report/wind-turbine-market?jd
3. Natural Fiber Composite Market - https://www.datamintelligence.com/research-report/natural-fiber-composite-market?jd

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