Wind Turbine Rotor Blade Market Size

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.