>
>

North America Wind Turbine Blade Market Size - By Material (Carbon Fiber, Glass Fiber), By Application (Onshore, Offshore), By Capacity (< 3 MW, 3 - 5 MW, >5 MW), By Size (≤ 30 m, 31 – 60 m, 61 – 90 m, ≥ 90 m), Country Outlook & Forecast, 2024 – 2032

Download Free PDF

North America Wind Turbine Blade Market

North America Wind Turbine Blade Market was valued at USD 4.8 billion in 2023 and is anticipated to grow at a CAGR of 5.7% between 2024 and 2032.
 

North America Wind Turbine Blade Market

Technological advancements and economies of scale have led to significant reductions in the wind energy production costs. The renewable power source has become increasingly competitive with conventional energy sources, thereby spurring the demand for wind turbine blades across the region.

Increasing efforts to utilize clean power sources in line with the rising consumer shift to mitigate GHG emissions have positively impacted the product adoption. The growing adoption of reliable energy to improve the overall power output and decrease electricity bills along with favorable regulatory norms & targets to adopt wind power will drive the business growth.
 

North America Wind Turbine Blade Market Trends

Ongoing introduction of advanced technologies along with the growing number of federal norms & policies for the development of the wind energy sector. For instance, in May 2022, GE Renewable Energy announced a new onshore wind turbine platform, Sierra specifically for the North American region. Growing expansion of onshore & offshore wind facilities along with favorable efforts across the major players to develop enhanced blade designs of turbines will fuel the industry trends.
 

North America Wind Turbine Blade Market Analysis

North America Wind Turbine Blade Market Size, By Material, 2022 – 2032 (USD Billion)

Based on material, the carbon fiber wind turbine blade market is projected to reach USD 6 billion by 2032. These systems have the advantage to reduce utility bills and substantially provide backup power during outages, thereby complementing the product penetration. Furthermore, growing number of large-capacity wind projects coupled with the robust deployment of reliable, efficient, and affordable systems will boost the business scenario.
 

North America Wind Turbine Blade Market Share, By Application, 2023

Based on application, the onshore wind turbine blade market is set to grow at a rate of more than 2.5% through 2032. Shifting efforts across the private & public sectors to design advanced & efficient products delivering maximized power per tower in line with the integration of scalable and reliable products across the large-scale sites will propel the industry dynamics. In addition, increasing deployments of high-performance, maximized power output, and smart turbines for large-scale industrial & utility sectors will stimulate the business trend.
 

3 MW wind turbine blade market witnessed a market share of over 77.5% in 2023. The systems provide high performance & reliability suitable for low wind sites and are connected to low voltage networks and can be installed at the point of consumption. Moreover, continuous upgrades and advancements in system designs will positively support the product deployment, thereby boosting the business outlook.
 

U.S. Wind Turbine Blade Market Size, 2022–2032 (USD Billion)

North America wind turbine blade market is likely to hit around USD 7.8 billion by 2032. Extensive support by major organizations in the form of loans, grants, and funding along with the expansion of isolated & grid-connected electricity networks will positively impact the business scenario. The rising number of government schemes & programs across the states will drive the business outlook.
 

The introduction of supportive government incentives & norms along with various electrification programs will stimulate the U.S. business statistics. Further, continuous investment in wind energy infrastructure, including onshore and offshore wind farms will enhance the industry outlook.
 

North America Wind Turbine Blade Market Share

North America Wind Turbine Blade Company Market Share

Vestas, Enercon GmbH, Hitachi Power Solutions, Nordex SE, Siemens AG, Suzlon Energy Ltd. are some prominent players. Leading manufacturers incur rigorous research & development investments and lay focus towards the design & testing to maintain manufacturing quality of the turbines. In addition, forward integration prevails across the provision of service, maintenance, and system overhaul along with retrofit and replacement of these units. Mergers and acquisitions with an aim to diversify technological portfolio along with strategical associations have been primary phenomenon across the industry landscape.
 

North America Wind Turbine Blade Market Companies

Major key players operating across the small wind turbine industry include:

  • Acciona S.A.
  • Aeris Energy
  • EnBW
  • Enercon GmbH
  • Gamesa Corporacion Technologica
  • Hitachi Power Solutions
  • MFG Wind
  • Nordex SE
  • Siemens AG
  • Suzlon Energy Ltd.
  • TPI Composites SA
  • Vestas
     

North America Wind Turbine Blade Industry News

  • In December 2023, the ZEBRA consortium, announced the completion of first recyclable blade and introduced second recyclable wind turbine blade. The second 77 m long thermoplastic blade is manufactured at the LM Wind Power plant utilizing Owens Corning new high performance glass materials along with Arkema’s Elium resin. It features Carbon-Elium resin spar cap technology whose manufacturing process involves the usage of automation to reduce production waste and energy consumption. Therefore, the innovative step will sway the market dynamics.
     
  • In April 2022, Hitachi Power Solutions, combined the AI & other digital technologies along with drones to mitigate the risks of wind power facilities. The “Blade Total Service” follows the service guidelines ensuring greater security and safety at the wind power facilities while inspecting the blades for repair. It further integrates the inspection process using digital technology along with repair work and maintenance planning. Key advantages including lesser inspection time, higher work efficiency coupled with increased inspection accuracy.
     

This North America wind turbine blade market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in ‘USD Billion’ from 2021 to 2032, for the following segments:

Market, By Material

  • Carbon Fiber
  • Glass Fiber

Market, By Application

  • Onshore
  • Offshore

Market, By Capacity

  • 3 MW
  • 3 - 5 MW
  • > 5 MW

Market, By Size

  • ≤ 30 m
  • 31 – 60 m
  • 61 – 90 m
  • ≥ 90 m

The above information has been provided for the following countries:

  • U.S.
  • Canada
Authors: Ankit Gupta, Srishti Agarwal
Frequently Asked Question(FAQ) :
Mention the key players involved in the North America wind turbine blade industry?
Acciona S.A., Aeris Energy, EnBW, Enercon GmbH, Gamesa Corporacion Technologica, Hitachi Power Solutions, MFG Wind, Nordex SE, Siemens AG, Suzlon Energy Ltd., TPI Composites SA and Vestas
How big is the North America wind turbine blade market?
Why is the demand for carbon fiber wind turbine blades growing in North America?
What is the size of the North America wind turbine blade market?
North America Wind Turbine Blade Market Scope
  • North America Wind Turbine Blade Market Size
  • North America Wind Turbine Blade Market Trends
  • North America Wind Turbine Blade Market Analysis
  • North America Wind Turbine Blade Market Share
Related Reports
    Authors: Ankit Gupta, Srishti Agarwal
    Buy Now
    $4,123 $4,850
    15% off
    $4,840 $6,050
    20% off
    $5,145 $7,350
    30% off
        Buy now
    Premium Report Details

    Base Year: 2023

    Companies covered: 12

    Tables & Figures: 220

    Countries covered: 2

    Pages: 150

    Download Free PDF

    Top