Global Wind Turbine Rotor Blade Market Forcast (2011 -2016) by Testing,Geography,Blade size and Material.

This Blog focuses on the market research on the industries using renewable energy resources like wind, water and light. This blog particularly brings out the forecast from 2011-2016 of the Global Wind Turbine Rotor Blade Industry Market.

The inflated prices of non-renewable energy sources and day-to-day increasing demand and consumption of these energy resources have led people to shift focus on using renewable energy resources like wind to fulfill the ever increasing public demand. One of the emerging markets out of this is Global Wind Turbine Market which is prominent to grow further. Huge number of wind turbines and blades were installed globally by wind farms across the globe. In 2010, 37.6 MW of wind turbines were installed; mounted with 70,579 blades, valuing market size of $6.8 billion.

 

Global Wind Turbine Rotor Blade Market by Blade Size and Material:

The blade size of 38 – 50 meter length has the largest market with global market share of 55% during 2010 and will grow to 62% in 2016. Carbon Fiber is used in manufacturing blade size ranging more than 45 meters.

The material which is mostly used in manufacturing of modern blades are:

1. Glass fiber composites : Approximately 0.15 million metric tons of glass fiber was utilized in blade manufacturing during 2010 
2. Carbon Fiber : In 2010, estimated 8,160 metric tons of carbon fiber was used for blade manufacturing; which will increase to as much as 2 million metric tons in 2016 with growth rate of 22.9% CAGR during 2011 – 2016.

Also resins like polyester, epoxy and Vinyl are used in manufacturing blades.

  

Global Wind Turbine Rotor Blade Market by Testing:

Many Blade testing facilities have emerged taking into account that blade testing is very crucial with respect to blade’s reliability during its life cycle. Europe is the most mature market with number of test facilities. Following Europe is China where-in blade manufacturing base has shifted from Europe to Asia-Pacific but rest of Asia-Pacific has the lowest number of test facilities.

Wind Turbine Rotor Blade Market, Share by Region

 

                                        

*Share of number of blades installed

Global Wind Turbine Rotor Blade Market forecast:

Global wind turbine rotor blade market is expected to grow from estimated $7.7 billion in 2011 to $14.6 billion in 2016 with a compound annual growth rate of 13.6% during the same period.

Asia-Pacific is the fastest growing market and will grow by 19.3% CAGR during 2011 – 2016. By 2016, the wind rotor blade market in Asia-Pacific will be at $9.1 billion with annual installation of 93,243 blades. The growth of Asia-Pacific is collectively related to China, where market is growing in support of internal market drivers such as government support through various subsidies, increasing turbine demand from existing and proposed wind farms, and inexpensive raw material availability.

China has all leading Blade manufacturing facilities in the region of Asia –Pacific. The country has presence of more than 50 blade manufacturers and most of them are very small with product portfolio of 1 – 3 small size blades.