Wind Turbine Rotor Blade Market size is estimated at USD 23.4 billion in 2024 and is set to cross USD 72.2 billion by the end of 2037, witnessing more than 9% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of wind turbine rotor blade is evaluated at USD 25.5 Billion.
The wind turbine rotor blade market is anticipated to expand owing to the global shift towards renewable energy to cater to increased emissions and limited conventional energy resources. Wind energy is expected to become a more viable energy source as countries work to cut their carbon emissions and combat climate change. Government and corporate entities investing in wind power projects drive the need for advanced and efficient rotor blades. For instance, in 2022, 77.6 GW of additional wind generating capacity was added globally to power networks, increasing the total installed wind capacity to 906 GW1, an increase of 9% from 2021.
In the upcoming years, technological developments in rotor blade materials and design are expected to fuel wind turbine rotor blade market expansion. Blade strength and durability have greatly increased while weight has decreased due to innovations such as carbon fiber and other composite materials. As a result, wind energy is becoming a more competitive alternative when compared to conventional fossil fuels since wind turbine efficiency has increased.
Growth Drivers:
Challenges:
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
9% |
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Base Year Market Size (2024) |
USD 23.4 billion |
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Forecast Year Market Size (2037) |
USD 72.2 billion |
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Regional Scope |
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Location of Deployment (Onshore, Offshore)
Onshore segment in the wind turbine rotor blade market is poised to showcase more than 8.4% growth rate through 2037 owing to the growing need for renewable energy. Onshore wind farms are less expensive than offshore wind farms due to several variables, including ease of installation and transportation. They emit relatively little emissions and have no negative effects on the environment surrounding them. Furthermore, as wind turbines and farmland typically coexist, there is no toxic spillage or contamination of the land.
For example, the International Energy Agency (IEA) released data in July 2023 which showed 900 GW of built wind power, 93% was in onshore systems and the remaining 7% was in offshore wind farms. While offshore wind is still in its infancy, with capacity only found in 20 nations, onshore wind is a developed technology used in 115 countries worldwide.
Blade Material (Carbon Fiber, Glass Fiber, and Others)
Based on the blade material, the carbon fiber segment is likely to account for around a 76.2% wind turbine rotor blade market share by 2037. Carbon fiber has several advantages and is well known for its superior all-around performance in large-scale wind turbine blades. Due to its strength and rigidity over fiberglass, carbon fiber helps reduce the mass of wind turbine blades. Based on a study conducted by Sandia National Laboratories researchers, wind blades made of carbon fiber weigh 25% less than those made of conventional fiberglass materials. In areas with less wind, carbon fiber blades absorb more energy.
Our in-depth analysis of the global market includes the following segments:
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Location of Deployment |
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Blade Material |
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Asia Pacific Market Analysis
Asia Pacific wind turbine rotor blade market is predicted to hold revenue share of over 46.9% by the end of 2037, owing to several factors, including investment in clean energy generation, increasing research and development in renewable energy sources, the swift urbanization process, technological advancements, and the need for enhanced energy efficiency. Asia Pacific's wind energy capacity was estimated to be 509 thousand megawatts in 2023.
China is one of the world's largest consumers of renewable energy. To meet its domestic energy needs, the country is focused on increasing its capacity for renewable energy. CarbonBrief estimates that China will deploy 1,200 GW of wind and solar energy well in advance of the 2030 deadline due to the country's rapidly expanding renewable energy industry.
Japan wind turbine rotor blade market will be driven by favorable government regulations and technological developments. The government has started many programs and regulations to encourage the expansion of wind energy and renewable energy in the nation. The local government, for instance, presented its Offshore Wind Industry Vision to set aside 1 GW of offshore wind capacity per year until 2030.
North America Market Analysis
North America wind turbine rotor blade market is expected to experience a stable CAGR during the forecast period due to the region's growing energy demand and high usage of wind turbines. To contribute to a more sustainable wind turbine lifecycle, U.S. manufacturers and energy producers are anticipated to prioritize sustainability initiatives, such as recycling and reusing old blades. As the sector develops, the U.S. is anticipated to become a pioneer in wind energy innovation, utilizing wind energy to cater to rising energy needs.
The wind turbine rotor blade market is fragmented in nature. Some of the leading companies in the market include Siemens Gamesa Renewable Energy, S.A., LM Wind Power, Vestas Wind Systems A/S, and Enercon GmbH. They are focused on expanding their customer base, responding to shifting customer expectations, and increasing R&D activities to enhance product quality. These prominent figures will probably set up specialized research and development facilities across various geographical areas. These facilities would have a focus on delivering outstanding products that either match or surpass consumer expectations. Here are some leading players in the wind turbine rotor blade market:
Author Credits: Dhruv Bhatia
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