Wishing you all the joys of the season! 
Europe Wind Turbine Rotor Blade Market Forecast to 2030
Europe Wind Turbine Rotor Blade Market Forecast to 2030 – Regional Analysis – by Type (Below 40m, 41-60m, 61-70m, and Above 70m) and Deployment Type (Onshore and Offshore)
$2,485 – $3,885
- Description
- Toplines
- Reasons for Buying
- Table of Contents
- List of Tables
- LIst of Figures
- List of Companies
- Reviews (0)
Description
Government Initiatives to Boost Green Energy Production Europe Wind Turbine Rotor Blade Market.
According to recent data from the International Energy Agency (IEA), the amount of money allocated by governments to promote clean energy investment has increased since 2020 to reach USD 1.34 trillion. Various are investing heavily to reduce their carbon footprint. In 2021, global carbon emissions reached 37 billion metric ton from 35 billion metric ton in 2015.
Further, as per the data provided by the German government, the energy sector was one of the main drivers of greenhouse gas and carbon emissions. In 2023, Germany announced plans to invest US$ 63 billion in green energy for 2024, a 60% increase over 2023 spending targets.
Such government initiatives and investments drive the wind energy industry, thereby fueling the wind turbine blade industry.
Europe Wind Turbine Rotor Blade Market Overview
Europe was the 2nd largest region in the new capacity additions in the world with total wind power capacity additions of more than 19 GW in the year 2022. 87% of the new wind installations in Europe in 2022 were onshore wind. Countries that dominate onshore wind power are Sweden, Germany, and Turkey. The UK registered the highest number of new wind installations, accounting for most of the new offshore wind installations. This is expected to drive the growth of the wind turbine rotor blade market during the projected period.
Europe accounted for a total of 236 GW of wind capacity till 2022. As per the Wind Europe (ASBL-VZW) Association, Europe is expected to install 116 GW of new wind farms from 2022 to 2026. Three-quarters of these new capacity additions will be onshore. Germany will be Europe’s largest wind market owing to the strong expected performance of its onshore market, with a capacity of 19.7 GW and a rising offshore installations capacity of 5.4 GW. Thus, such upcoming trends in installing wind power capacity are anticipated to drive the demand for wind turbine rotor blades over the projected period.
Europe wind turbine rotor blade market Revenue and Forecast to 2030 (US$ Million)
Europe Wind Turbine Rotor Blade Market Segmentation
The Europe wind turbine rotor blade market is segmented based on type, deployment type, and country. Based on type, the Europe wind turbine rotor blade market is segmented into Below 40m, 41-60m, 61-70m, and Above 70m . The Above 70m segment held the largest market share in 2022.
In terms of deployment type, the Europe wind turbine rotor blade market is bifurcated into onshore and offshore . The onshore services held a larger market share in 2022.
Based on country, the Europe wind turbine rotor blade market is segmented into the France, Germany, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe wind turbine rotor blade market share in 2022.
TPI Composites Inc, Vestas Wind Systems AS, ENERCON GmbH, LM Wind Power AS, Siemens Gamesa Renewable Energy SA, Acciona SA, Suzlon Energy Ltd, Nordex SE, Envision Energy USA Ltd, and Lianyungang Zhongfu Lianzhong Composites Group Co Ltd are some of the leading companies operating in the Europe wind turbine rotor blade market.
Summary Info
| Industry: | |
|---|---|
| Pricing options: | |
| Geographical coverage: | |
| Year of Publication: |
According to the Research Team’ research, the Europe wind turbine rotor blade market was valued at US$ 4,518.42 million in 2022 and is expected to reach US$ 8,830.33 million by 2030, registering a CAGR of 8.7% from 2022 to 2030. Growing investments in offshore wind projects and innovations in wind turbine blade designs are among the critical factors attributed to the Europe wind turbine rotor blade market expansion.
Offshore wind farms are thought to be more efficient than onshore wind farms due to higher wind speeds, greater consistency, and a lack of physical interference from land or man-made things. Offshore wind speeds are typically higher than on land. Small changes in wind speed result in substantial gains in energy production: a turbine operating in a 15-mph wind can produce twice as much energy as a turbine operating in a 12-mph wind. Faster offshore wind speeds mean that significantly more energy can be generated. Offshore wind speeds are more consistent than on land. A more consistent supply of wind means a more dependable source of energy. Thus, owing to higher efficiency compared to onshore wind farms, the investments in offshore farms are increasing.
In 2023, Octopus Energy, based in the UK, announced plans to invest US$ 20 billion in offshore wind by 2030. Also, EnBW, a German utility, announced a definitive commitment to construct its US$ 2.6 billion offshore wind farm. Such investments are expected to drive the adoption of offshore wind farms, ultimately generating lucrative opportunities for the wind turbine blade market. In addition, floating wind farms are gaining notable traction owing to their higher efficiency. In 2023, Equinor opened the largest floating wind farm in Norway, which has a capacity of 88 MW. Gruissan Floating Offshore Wind Farm, Les Moulins de Lohan Wind Farm, Dobele Wind Farm, Maasvlakte 2 Wind Farm, and Askio III Wind Farm are among the major wind farms anticipated to be active during 2023–2025.
Such investments are expected to fuel the demand for offshore wind farms in the future, ultimately generating lucrative opportunities for the wind turbine blades industry.
On the contrary, high cost of wind turbine installation and maintenance hurdles the growth of Europe wind turbine rotor blade market.
Based on type, the Europe wind turbine rotor blade market is categorized into Below 40m, 41-60m , 61-70m, and Above 70m . The Above 70m segment held 62.2% market share in 2022, amassing US$ 2,809.93 million. It is projected to garner US$ 5,625.23 million by 2030 to expand at 9.1% CAGR during 2022–2030.
In terms of deployment type, the Europe wind turbine rotor blade market is bifurcated into onshore and offshore. The onshore segment held 78.5% share of Europe wind turbine rotor blade market in 2022, amassing US$ 3,547.21 million. It is projected to garner US$ 6,345.87 million by 2030 to expand at 7.5% CAGR during 2022–2030.
Based on country, the Europe wind turbine rotor blade market has been categorized into France, Germany, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 48.7% share of Europe wind turbine rotor blade market in 2022. It was assessed at US$ 2,200.72 million in 2022 and is likely to hit US$ 3,941.02 million by 2030, exhibiting a CAGR of 7.6% during 2022–2030.
Key players operating in the Europe wind turbine rotor blade market are TPI Composites Inc, Vestas Wind Systems AS, ENERCON GmbH, LM Wind Power AS, Siemens Gamesa Renewable Energy SA, Acciona SA, Suzlon Energy Ltd, Nordex SE, Envision Energy USA Ltd, and Lianyungang Zhongfu Lianzhong Composites Group Co Ltd,among others.
In January 2020, The 107-meter blade has completed the molding process at the company’s factory in Cherbourg, France. The LM 107.0 P will now proceed with post-molding finishing touches before undergoing rigorous testing and validation to demonstrate its ability to withstand more than 20 years of operation offshore. The 107-meter blade is set to capture the wind for GE’s Haliade-X 12 MW offshore wind turbine, the world’s most powerful wind turbine to date.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Europe wind turbine rotor blade market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Wind Turbine Rotor Blade Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
5. Europe Wind Turbine Rotor Blade Market – Key Industry Dynamics
5.1 Wind Turbine Rotor Blade Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increased Energy Consumption and Trends of Clean Energy
5.2.2 Government Initiatives to Boost Green Energy Production
5.2.3 Innovations in Wind Turbine Blade Designs
5.3 Market Restraints
5.3.1 High Cost of Wind Turbine Installation and Maintenance
5.4 Market Opportunities
5.4.1 Growing Investments in Offshore Wind Projects
5.5 Future Trends
5.5.1 Increasing Adoption of Recycling Technology
5.6 Impact of Drivers and Restraints:
6. Wind Turbine Rotor Blade Market – Europe Market Analysis
6.1 Wind Turbine Rotor Blade Market Revenue (US$ Million), 2022 – 2030
6.2 Wind Turbine Rotor Blade Market Forecast and Analysis
7. Europe Wind Turbine Rotor Blade Market Analysis -Type
7.1 Wind Turbine Rotor Blade Market, By Type (2022 and 2030)
7.2 Below 40m
7.2.1 Overview
7.2.2 Below 40m Market, Revenue and Forecast to 2030 (US$ Million)
7.3 41-60m
7.3.1 Overview
7.3.2 41-60m Market, Revenue and Forecast to 2030 (US$ Million)
7.4 61-70m
7.4.1 Overview
7.4.2 61-70m Market, Revenue and Forecast to 2030 (US$ Million)
7.5 Above 70m
7.5.1 Overview
7.5.2 Above 70m Market, Revenue and Forecast to 2030 (US$ Million)
8. Europe Wind Turbine Rotor Blade Market Analysis – Deployment Type
8.1 Wind Turbine Rotor Blade Market, By Deployment Type (2022 and 2030)
8.2 Onshore
8.2.1 Overview
8.2.2 Onshore Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Offshore
8.3.1 Overview
8.3.2 Offshore Market, Revenue and Forecast to 2030 (US$ Million)
9. Europe Wind Turbine Rotor Blade Market – Country Analysis
9.1 Europe
9.1.1 Europe Wind Turbine Rotor Blade Market Overview
9.1.2 Europe Wind Turbine Rotor Blade Market Revenue and Forecasts and Analysis – By Country
9.1.2.1 Germany Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.1.1 Germany Wind Turbine Rotor Blade Market Breakdown by Type
9.1.2.1.2 Germany Wind Turbine Rotor Blade Market Breakdown by Deployment Type
9.1.2.2 France Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 France Wind Turbine Rotor Blade Market Breakdown by Type
9.1.2.2.2 France Wind Turbine Rotor Blade Market Breakdown by Deployment Type
9.1.2.3 Italy Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 Italy Wind Turbine Rotor Blade Market Breakdown by Type
9.1.2.3.2 Italy Wind Turbine Rotor Blade Market Breakdown by Deployment Type
9.1.2.4 UK Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 UK Wind Turbine Rotor Blade Market Breakdown by Type
9.1.2.4.2 UK Wind Turbine Rotor Blade Market Breakdown by Deployment Type
9.1.2.5 Russia Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.5.1 Russia Wind Turbine Rotor Blade Market Breakdown by Type
9.1.2.5.2 Russia Wind Turbine Rotor Blade Market Breakdown by Deployment Type
9.1.2.6 Rest of Europe Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.6.1 Rest of Europe Wind Turbine Rotor Blade Market Breakdown by Type
9.1.2.6.2 Rest of Europe Wind Turbine Rotor Blade Market Breakdown by Deployment Type
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. Company Profiles
12.1 TPI Composites Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Vestas Wind Systems AS
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 ENERCON GmbH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 LM Wind Power AS
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Siemens Gamesa Renewable Energy SA
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Acciona SA
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Suzlon Energy Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Nordex SE
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Envision Energy USA Ltd
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Lianyungang Zhongfu Lianzhong Composites Group Co Ltd
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Research Team
LIST OF TABLES
Table 2. Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 4. Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Million) – Deployment Type
Table 5. Germany Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 6. Germany Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment Type
Table 7. France Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 8. France Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment Type
Table 9. Italy Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 10. Italy Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment Type
Table 11. UK Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 12. UK Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment Type
Table 13. Russia Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 14. Russia Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment Type
Table 15. Rest of Europe Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 16. Rest of Europe Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment Type
Table 17. Heat Map Analysis by Key Players
Â
Â
LIST OF FIGURES
Figure 2. Ecosystem: Wind Turbine Rotor Blade Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Wind Turbine Rotor Blade Market Revenue (US$ Million), 2022 – 2030
Figure 5. Wind Turbine Rotor Blade Market Share (%) – Type, 2022 and 2030
Figure 6. Below 40m Market Revenue and Forecasts to 2030 (US$ Million)
Figure 7. 41-60m Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. 61-70m Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Above 70m Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Wind Turbine Rotor Blade Market Share (%) – Deployment Type, 2022 and 2030
Figure 11. Onshore Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Offshore Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Wind Turbine Rotor Blade Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 14. Europe Wind Turbine Rotor Blade Market Breakdown by Country (2022 and 2030)
Figure 15. Germany Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 16. France Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 17. Italy Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 18. UK Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 19. Russia Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 20. Rest of Europe Wind Turbine Rotor Blade Market Revenue and Forecasts to 2030 (US$ Mn)
1. TPI Composites Inc
2. Vestas Wind Systems AS
3. ENERCON GmbH
4. LM Wind Power AS
5. Siemens Gamesa Renewable Energy SA
6. Acciona SA
7. Suzlon Energy Ltd
8. Nordex SE
9. Envision Energy USA Ltd
10. Lianyungang Zhongfu Lianzhong Composites Group Co Ltd.
You must be logged in to post a review.
Reviews
There are no reviews yet.