Wind Turbine Rotor Blade Market Size is valued at USD 22.3 billion in 2024 and is predicted to reach USD 53.1 billion by the year 2034 at a 9.2% CAGR during the forecast period of 2025-2034.
Global product utilization has been augmented by the growing demand for alternative energy sources and the extensive use of wind energy power generation technology to maximize electricity production. The increasing depletion of petroleum-based resources and the growing demand for effective energy sources both lend support to this. As a result, governments are encouraging the installation of environmentally friendly assets like wind turbines to reduce carbon emissions, which is another element spurring economic growth. Additionally, the market is being supported by the rising use of various materials, including aluminum, wood, and polymers, to construct improved wind turbine rotor blades at affordable rates.
Additionally, developing product variants for aviation wing constructions aimed to increase operational effectiveness and using glass fiber-reinforced polymers and epoxy in wind turbine rotor blades are fostering market expansion. A favorable picture for the market is being created by other factors, including the continued installation of wind systems throughout offshore regions and strategic alliances amongst major firms to introduce lightweight, recyclable wind rotor blades.
The Wind Turbine Rotor Blade market is categorized based on material and blade size. Based on the material, the market is segmented as glass fiber and carbon fiber. By blade size, the market is segmented into >27 meters, 27-37 meters, 38-50 meters, and >50 meters.
For both land-based and offshore systems, carbon fiber is predominantly employed in the spar, or structural component, of wind blades longer than 45m/148ft. A narrower blade profile is possible while yet creating stiffer, lighter blades thanks to the increased stiffness and lower density of CF. According to Schell, switching from an all-glass blade to one with a carbon fiber-reinforced spar cap should result in a weight reduction of at least 20%. The properties of carbon will be especially advantageous for offshore wind systems, where the smallest turbines have a 3 MW rating.
Wind turbines can sweep more ground, catch more wind, and generate more power when their rotor diameters are larger. Even in locations with relatively slight wind, a turbine with longer blades will be able to catch more of the available wind than one with shorter blades. More areas could be available for wind development across the country if more wind could be captured at lower wind speeds.
In the upcoming years, Asia Pacific is anticipated to dominate the market for wind turbine rotor blades. The main development engine for the market in the region is anticipated to be government initiatives and policies supporting the deployment of wind turbine rotor blades in marine applications. Due to the rising use of technologically developed wind turbines in nations like Germany and the UK and the favorable environmental conditions in these countries, Europe is anticipated to have significant development in the global wind turbine rotor blade market in the coming years. In the future, North America's wind turbine rotor blade market is anticipated to experience moderate expansion.
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 22.3 Bn |
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Revenue Forecast In 2034 |
USD 53.1 Bn |
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Growth Rate CAGR |
CAGR of 9.2% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Bn, and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Material And Blade Size |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; South Korea; Southeast Asia |
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Competitive Landscape |
China National Materials Company Limited (Sinoma), Gamesa S.A., General Electric Company, Siemens AG, Sinoi GMBH, Suzlon Energy Limited, Vestas Wind Systems A/S, Acciona, S.A, Enercon GMBH, Nordex S.E., Powerblades GMBH, and SGL Rotec GMBH & Co. KG (Carbon Rotec) |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Wind Turbine Rotor Blade Market Snapshot
Chapter 4. Global Wind Turbine Rotor Blade Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis of Metaverse Industry
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. COVID-19 Impact on Metaverse Industry
Chapter 5. Market Segmentation 1: By Material Type Estimates & Trend Analysis
5.1. By Material Type & Market Share, 2024-2034
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Material Type:
5.2.1. Carbon Fiber
5.2.2. Glass Fiber
Chapter 6. Market Segmentation 2: By Blade lengths Estimates & Trend Analysis
6.1. By Material Type & Market Share, 2024-2034
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Blade lengths:
6.2.1.
6.2.2. 27-37 meter
6.2.3. 38-50 meter
6.2.4. >50 meter
Chapter 7. Wind Turbine Rotor Blade Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Wind Turbine Rotor Blade Market revenue (US$ Million) estimates and forecasts By Material Type, 2021-2034
7.1.2. North America Wind Turbine Rotor Blade Market revenue (US$ Million) estimates and forecasts By Blade lengths, 2021-2034
7.1.3. North America Wind Turbine Rotor Blade Market revenue (US$ Million) estimates and forecasts by country, 2021-2034
7.1.3.1. U.S.
7.1.3.2. Canada
7.2. Europe
7.2.1. Europe Wind Turbine Rotor Blade Market revenue (US$ Million) by By Material Type, 2021-2034
7.2.2. Europe Wind Turbine Rotor Blade Market revenue (US$ Million) estimates and forecasts By Blade lengths, 2021-2034
7.2.3. Europe Wind Turbine Rotor Blade Market revenue (US$ Million) by country, 2021-2034
7.2.3.1. Germany
7.2.3.2. Poland
7.2.3.3. France
7.2.3.4. Italy
7.2.3.5. Spain
7.2.3.6. UK
7.2.3.7. Rest of Europe
7.3. Asia Pacific
7.3.1. Asia Pacific Wind Turbine Rotor Blade Market revenue (US$ Million) by By Material Type, 2021-2034
7.3.2. Asia Pacific Wind Turbine Rotor Blade Market revenue (US$ Million) estimates and forecasts By Blade lengths, 2021-2034
7.3.3. Asia Pacific Wind Turbine Rotor Blade Market revenue (US$ Million) by country, 2021-2034
7.3.3.1. China
7.3.3.2. India
7.3.3.3. Japan
7.3.3.4. Australia
7.3.3.5. Rest of Asia Pacific
7.4. Latin America
7.4.1. Latin America Wind Turbine Rotor Blade Market revenue (US$ Million) by By Material Type, 2021-2034
7.4.2. Latin America Wind Turbine Rotor Blade Market revenue (US$ Million) estimates and forecasts By Blade lengths, 2021-2034
7.4.3. Latin America Wind Turbine Rotor Blade Market revenue (US$ Million) by country, (US$ Million) 2021-2034
7.4.3.1. Brazil
7.4.3.2. Rest of Latin America
7.5. Middle East & Africa
7.5.1. Middle East & Africa Wind Turbine Rotor Blade Market revenue (US$ Million) by By Material Type, (US$ Million)
7.5.2. Middle East & Africa Wind Turbine Rotor Blade Market revenue (US$ Million) estimates and forecasts By Blade lengths, 2021-2034
7.5.3. Middle East & Africa Wind Turbine Rotor Blade Market revenue (US$ Million) by country, (US$ Million) 2021-2034
7.5.3.1. South Africa
7.5.3.2. GCC Countries
7.5.3.3. Rest of MEA
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. China National Materials Company Limited (Sinoma)
8.2.2. Gamesa S.A.
8.2.3. General Electric Company
8.2.4. Siemens AG
8.2.5. Sinoi GMBH
8.2.6. Suzlon Energy Limited
8.2.7. Vestas Wind Systems A/S
8.2.8. Acciona, S.A
8.2.9. Enercon GMBH
8.2.10. Nordex S.E.
8.2.11. Powerblades GMBH
8.2.12. SGL Rotec GMBH & Co. KG (Carbon Rotec)
Wind Turbine Rotor Blade Market By Material-
Wind Turbine Rotor Blade Market By Blade Size-
Wind Turbine Rotor Blade Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
