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Expanded Metal Foils Market Size for Wind Turbine Blades Lightning Protection, By Wind Turbine Type (Horizontal-axis, Vertical-axis), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 - 2030

  • Report ID: GMI5286
  • Published Date: Jul 2022
  • Report Format: PDF

Industry Overview

Expanded Metal Foils Market Size for Wind Turbine Blades Lightning Protection was valued at around USD 458 million in 2021 and will exhibit 10.8% CAGR from 2022 to 2030 driven by the installation of wind turbines across the world. The increasing production and installation of wind turbines will positively impact the industry.
 

expanded metal foils market outlook

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An expanded metal foil when used on turbine blades protects the blades from various harmful agents. China has one of the largest markets for expanded metal foils as it is shifting its dependence on electricity from renewable sources.
 

The wind turbine blades lightning protection market has evolved from the traditional & passive yet tough lightning protection system to a more contemporary lightning protection system with more sophisticated possibilities. In addition, there are higher specifications and mandatory testing in the industry standards for lightning protection. The wind turbine industry faces issues when it comes to protecting blades against frequent lightning strikes owing to the lengthening of blades and the usage of conductive materials such as carbon fibers.
 

Without proper lightning protection, even a single strike can result in expensive damage, possibly halt production, or even need a blade replacement.
 

When equipotential bonding is used in conjunction with surface protection techniques, such as Expanded Metal Foil (EMF), which was initially created for the aerospace industry at proper locations, CFRP blades are protected from current absorption and may sustain several lightning strikes. Expanded metal foil has excellent electrical conductivity. Expanded metal is a lightweight material that can be used with composite material in wind energy shielding solution, to form the blade material. Besides, it is one of the ideal materials for ensuring the electromagnetic compatibility of composite materials.
 

Expanded metal foils used in wind turbine blade protection are made of copper, aluminum, nickel, titanium, etc. These materials are employed as they provide additional assistance for energy generation. High conductivity, high mechanical strength, strong lightning protection, electromagnetic interference prevention, good heat transfer performance, and other qualities are among the characteristics of these materials. They are hence suitable materials for lightning protection in wind turbine blades.
 

The energy generation from non-renewable resources is increasing carbon emissions and carbon footprint. Consumers are inclining toward clean and sustainable energy sources. As a result, there has been a noticeable shift in customer preference toward pollution-free energy generation.
 

Additionally, the installation of wind turbines in the region is being encouraged by growing environmental protection concerns in European Union member states and defined goals for reducing dependence on non-renewable energy sources, which is positively affecting the growth of the wind turbine market in Europe. For instance, the renewable energy firm Vattenfall recently announced that a 50-turbine wind farm in southern Scotland will be operational by 2023, supplying electricity to approximately 170,000 homes in the UK.
 

Rising demand for horizontal wind turbines will boost the overall industry growth

expanded metal foils market by wind turbine

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The horizontal-axis segment from expanded metal foils market will generate over USD 990 million by 2030 owing to their low-cost energy production capacity and high-efficiency energy rating. Depending on the application, horizontal-axis wind turbines are often constructed with capacities, ranging from 2 to 8 MW. With a capacity of 2.5 to 3.0 MW, a typical onshore wind turbine may generate electricity over 6 million kWh annually, which is enough to power 1,500 typical European homes. However, the output of a wind turbine varies on the size of the turbine and the wind speed.
 

Asia Pacific to witness significant growth during the forecast period

expanded metal foils market by region

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Asia Pacific expanded metal foils market for wind turbine blades lightning protection and is anticipated to reach over USD 585 million by 2030 owing to the increasing installation of wind turbines in the region. Asia Pacific has many developing countries, such as India, Bangladesh, Malaysia, etc., which are gradually shifting their electricity production from fossil fuels to renewable energy resources such as wind energy.
 

These factors will propel the demand for expanded metal foils for wind turbine blades lightning protection. Various government initiatives & policies promoting the use and installation of wind turbines will amplify the market growth.
 

Latin America expanded metal foils market for wind turbine blades lightning protection is projected to grow at CAGR of 12.8% through 2030. Brazil is the largest market in the Latin American region. According to Brazilian Industrial Development Agency (ABDI) data, Brazil currently has six wind turbine manufacturers with a joint production capacity of 1,500 units per year, which can generate 3.5 GW electricity. Furthermore, the blade production capacity in Brazil is over 7,000 per year and this factor is expected to fuel the expanded metal foils market for wind turbine blades lightning protection.
 

Product expansion is one of the major strategic outlooks of the overall industry

The global expanded metal foils industry for wind turbine blades lightning protection is consolidated with the presence of a few small & large companies. Industry players are engaged in supply chain agreements with raw material suppliers and joint ventures with other companies to increase their market presence. For instance, in July 2019, Wallner Expac expanded its product portfolio with the addition of MicroForm, which is the company’s line of expanded metals for use in specialized applications.
 

Expanded Metal Foils Market for Wind Turbine Blades Lightning Protection report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Thousand from 2022 to 2030, for the following segments:

By Wind Turbine Type

  • Horizontal-axis
  • Vertical-axis

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • UK
    • Poland
    • Russia
    • Netherlands
    • Sweden
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Qatar

 

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

Global expanded metal foils market size for wind turbine blades lightning protection reached USD 458 million in 2021 and is anticipated to record 10.8% CAGR from 2022 to 2030.

Global expanded metal foils industry revenue from the horizontal axis wind turbine segment will surpass USD 990 million by 2030 due to their high-efficiency power rating and low-cost energy production capacity.

Asia Pacific expanded metal foils market share for wind turbine blades lightning protection is projected to exceed USD 585 million in valuation by 2030 owing to the extensive installation of wind turbines across the region.

CThru Metals, Niles International, Wallner Expac, Dexmet Corporation, New Metals, Inc., and Alabama Metal Industries Corporation (AMICO), among several others, are the leading market players.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 24
  • Tables & Figures: 149
  • Countries covered: 7
  • Pages: 120

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