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Europe Wind Turbine Blade Market Analysis

  • Report ID: GMI6771
  • Published Date: Sep 2023
  • Report Format: PDF

Europe Wind Turbine Blade Market Analysis

Europe Wind Turbine Blade Market Size, By Material, 2021 - 2032, (USD Billion)

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Carbon fiber wind turbine blade market size is estimated to reach USD 17.3 billion by 2032. Increasing adoption of enhanced power capacity & large turbines across offshore sites coupled with paradigm shift toward introduction of advanced solutions suitable for extreme environmental conditions will sway the business trends. Focus on cost-effective materials and manufacturing processes along with ongoing research and development initiatives will complement the industry potential. In addition, improvement in component design along with the material advancement will drive the Europe wind turbine blade market outlook.
 

Europe Wind Turbine Blade Market Revenue Share, By Application, 2022

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Offshore wind turbine blade market is set to record more than 21.4% CAGR through 2032, owing to surging demand for clean electricity generation across remote areas in line with increasing regulatory support for rural electrification. Rising consumer shift to mitigate GHG emissions and increasing efforts to utilize clean power sources have positively impacted the product penetration. Moreover, introduction of supportive government incentives & norms coupled with growing adoption of reliable energy to improve the overall power output and decrease electricity bills will accelerate the business statistics.
 

3 - 5 MW wind turbine blades market is predicted to observe around 15.3% growth up to 2032. Blade manufacturers are continually exploring advanced materials to improve performance, thereby advancements reduce production costs and improve the consistency and quality of blades. Continuous efforts to streamline the supply chain to ensure timely delivery of components to remote and offshore locations will stimulate the business potential. Governments and utilities seeking to increase their renewable energy capacity across the European region will continue to sway the Europe wind turbine blade market trends.
 

61 - 90 m wind turbine blade market is anticipated to surpass USD 2.1 billion by 2032, owing to increasing production of large blades coupled with development of modularized & standardized turbine components. Extensive technological developments enabling flexible turbine rotation in line with shifting efforts across the private & public sectors to design advanced & efficient products will proliferate the business trends. Additionally, integration of scalable and reliable products across the large-scale sites combined with increasing research & development activities will fuel the industry outlook.
 

France Wind Turbine Blade Market Size, 2021 - 2032, (USD Billion)

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France wind turbine blade market is poised to witness over 11.4% gains between 2023 and 2032, owing to continuous surge in the number of onshore & offshore projects along with positive outlook toward green technology adoption. Presence of a robust policy framework will continue to drive the momentum across the country. Furthermore, various researchers across several organizations and institutes are continuously developing innovative technologies to improve the blade’s efficiency, thereby driving the product penetration.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of wind turbine blade in Europe was crossed USD 7.19 billion in 2023 and is expected to surpass USD 21.2 billion by 2032, due to the increasing importance of wind energy as source of renewable electricity generation the region.

The market valuation of carbon fiber wind turbine blade in Europe is exceed USD 17.3 billion by 2032, due to the higher adoption of enhanced power capacity and large turbines across offshore sites.

France wind turbine blade industry is expected to register over 11.4% CAGR from 2023 to 2032, owing to the continuous surge in the number of onshore & offshore projects along with positive outlook toward green technology adoption in the nation.

Some of the major wind turbine blade firms in Europe are Siemens Gamesa Renewable Energy, Acciona S.A., Vestas, EnBW Energie Baden-Württemberg AG, TPI Composites SA, LM Wind Power, and Iberdrola, S.A. among others.

Europe Wind Turbine Blade Market Scope

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  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 299
  • Countries covered: 13
  • Pages: 400
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