Market Overview

The Global Wind Turbine Rotor Blade Market was valued at USD 20,793.4 million in 2023 and is expected to reach USD 35,994.9 million by 2031 while growing at a CAGR of 7.1% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global wind turbine rotor blade market growth. A crucial component in a wind turbine system, the rotor blade captures wind kinetic energy, converting it into rotational energy for electricity generation. Mounted on the rotor hub and connected to the main shaft, the aerodynamic design is essential for efficient energy conversion.

Increasing renewable energy targets and ongoing research in materials and design technologies drive the growth of the wind turbine rotor blade market. However, obstacles like high initial costs and logistics challenges may hinder market expansion.

Furthermore, the global wind turbine rotor blade industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Location of Deployment Analysis

The Global Wind Turbine Rotor Blade Market is segmented among Onshore, and Offshore, based on Location of Deployment. In 2023, Offshore accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Blade Material Analysis

The Global Wind Turbine Rotor Blade Market is segmented among Carbon Fiber, Glass Fiber, and Other Blade Materials, based on Blade Material. In 2023, Carbon Fiber accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Wind Turbine Rotor Blade Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are TPI Composites Inc.,  Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd, LM Wind Power (a GE Renewable Energy business), Nordex SE, Siemens Gamesa Renewable Energy, S.A., Vestas Wind Systems A/S, MFG Wind, Sinoma wind power blade Co. Ltd, Aeris Energy, and Suzlon Energy Limited.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Wind Turbine Rotor Blade Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Wind Turbine Rotor Blade Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Wind Turbine Rotor Blade Market Segmentation, By Location of Deployment

• Global Wind Turbine Rotor Blade Market Share Analysis, By Location of Deployment  

• Global Wind Turbine Rotor Blade Market Growth Analysis, By Location of Deployment  

• Global Wind Turbine Rotor Blade Market Trends, By Location of Deployment

o Onshore

o Offshore

6. Global Wind Turbine Rotor Blade Market Segmentation, By Blade Material  

• Global Wind Turbine Rotor Blade Market Share Analysis, By Blade Material  

• Global Wind Turbine Rotor Blade Market Growth Analysis, By Blade Material

• Global Wind Turbine Rotor Blade Market Trends, By Blade Material  

o Carbon Fiber

o Glass Fiber

o Other Blade Materials

7. Global Wind Turbine Rotor Blade Market Segmentation, By Region

• Global Wind Turbine Rotor Blade Market Share Analysis, By Region

• Global Wind Turbine Rotor Blade Market Growth Analysis, By Region

• Global Wind Turbine Rotor Blade Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• TPI Composites Inc*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd

• LM Wind Power (a GE Renewable Energy business)

• Nordex SE

• Siemens Gamesa Renewable Energy, S.A.

• Vestas Wind Systems A/S

• MFG Wind

• Sinoma Wind Power Blade Co. Ltd

• Aeris Energy

• Suzlon Energy Limited

 *Similar analysis will be provided for each company listed above.