The global wind blade market experienced double-digit growth in 2011 and is anticipated to build on that momentum over the next five years, reaching approximately US $16billion in 2017 with a CAGR of 10% through 2017.
Lucintel, a leading global Management Consulting and market research firm, has analyzed the global wind blade marketand presents its findings in “Growth Opportunities in Global Wind Blades Market 2012?2017: Trends, Forecast, and Opportunity Analysis.”
Lucintel’s research outlines that the business of generating electricity from the windis rapidly growing and is set to expand as China, the US, and the Rest of the World (ROW) seek cleaner, more sustainable ways to generate electricity. The market for wind generating equipment is rapidly expanding with strong demand potential from 2012 through 2017.
Europe, North America, Asia, and ROW all are forecast to register positive growth. Each region has different growth drivers that will drive the wind blade market. In terms of value, Europe is expected to lead the world followed by Asia in 2017. In terms of volume, Asia is expected to lead the world.Europe is also anticipated to grow its offshore wind market, which has untapped potential in some countries such as the UK.
As per the study, increases in turbine size and longer blades are driving the penetration of high-performance materials.To meet the challenges of increasing blade lengths, manufacturers are exploring the expanded use of both high performing core materials and the use of carbon fiber as a reinforcement material.
As larger turbines are built and installed in more difficult environments, there is an overriding requirement to reduce blade weight, putting greater emphasis on the need for stronger and lighter materials, improved blade design, and more efficient processing.
The report, which provides trend scenarios and forecast statistics for 2012–2017, details industry drivers and challenges; outlines wind blade manufacturing processes; highlights wind blade categories based on wind turbine sizes and regional wind blade market by volume and value; describes manufacturers market share; and more.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit www.lucintel.com.