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Europe Wind Turbine Blade Market Size

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

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Europe Wind Turbine Blade Market Size

Europe Wind Turbine Blade Market size was valued at USD 7.19 billion in 2023 and is anticipated to grow rapidly at 12.5% CAGR from 2024 to 2032.

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The market will witness significant development as wind energy becomes an increasingly important source of renewable electricity generation. Moreover, increasing size and length of the wind turbine blades is projected to enhance the energy output, thereby propelling the industry landscape.

Europe Wind Turbine Blade Market Report Attributes
Report Attribute	Details
Base Year:	2023
Europe Wind Turbine Blade Market Size in 2023:	USD 7.19 billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	12.5%
2032 Value Projection:	USD 21.2 Billion
Historical Data for:	2019 to 2023
No. of Pages:	400
Tables, Charts & Figures:	299
Segments covered:	Material, Application, Capacity and Size
Growth Drivers:	Favorable regulatory norms and standards to reduce the carbon footprint Shifting consumer trends toward clean energy sources Technological advancements in wind turbines
Pitfalls & Challenges:	High capital cost

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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.