Expanded Metal Foils Market Analysis

Expanded Metal Foils Market Analysis

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 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.