Europe Wind Turbine Blade Market Size - By Material (Carbon Fiber, Glass Fiber), By Application (Offshore, Onshore), By Capacity (< 3 MW, 3 - 5 MW, > 5 MW), By Size (≤ 30 m, 31 - 60 m, 61- 90 m, ≥ 90 m) & Forecast, 2024 – 2032

Europe Wind Turbine Blade Market Size

Europe Wind Turbine Blade Market size was valued at USD 7.19 billion in 2023 and is anticipated to grow rapidly at 12.5% CAGR from 2024 to 2032.
 

The market will witness significant development as wind energy becomes an increasingly important source of renewable electricity generation. Moreover, increasing size and length of the wind turbine blades is projected to enhance the energy output, thereby propelling the industry landscape.
 

COVID- 19 Impact

The COVID- 19 pandemic affected several manufacturing facilities by affecting key world economies, especially Europe. The crisis disrupted the wind energy supply chain owing to lockdown enforcements, labor shortages and lack of support from private and public sectors. Inadequate management of staff and restricted logistics supply further decreased the turbine blade production, thereby impacting the product demand.
 

Europe Wind Turbine Blade Market Trends

Wind turbine blades are engineered for efficiency, durability, and optimal energy capture from wind resources. Innovations in materials including introduction of carbon fiber composites will drive the adoption of lighter and more durable blade designs. Advancements in manufacturing processes, comprising automated lay-up and precision molding, will reduce the production costs and enhance the consistency and quality of blades. Further, integration of digital technology into the blade design and monitoring will complement the industry dynamics.
 

Europe Wind Turbine Blade Market Analysis

Carbon fiber wind turbine blade market size is estimated to reach USD 17.3 billion by 2032. Increasing adoption of enhanced power capacity & large turbines across offshore sites coupled with paradigm shift toward introduction of advanced solutions suitable for extreme environmental conditions will sway the business trends. Focus on cost-effective materials and manufacturing processes along with ongoing research and development initiatives will complement the industry potential. In addition, improvement in component design along with the material advancement will drive the Europe wind turbine blade market outlook.
 

Offshore wind turbine blade market is set to record more than 21.4% CAGR through 2032, owing to surging demand for clean electricity generation across remote areas in line with increasing regulatory support for rural electrification. Rising consumer shift to mitigate GHG emissions and increasing efforts to utilize clean power sources have positively impacted the product penetration. Moreover, introduction of supportive government incentives & norms coupled with growing adoption of reliable energy to improve the overall power output and decrease electricity bills will accelerate the business statistics.
 

3 - 5 MW wind turbine blades market is predicted to observe around 15.3% growth up to 2032. Blade manufacturers are continually exploring advanced materials to improve performance, thereby advancements reduce production costs and improve the consistency and quality of blades. Continuous efforts to streamline the supply chain to ensure timely delivery of components to remote and offshore locations will stimulate the business potential. Governments and utilities seeking to increase their renewable energy capacity across the European region will continue to sway the Europe wind turbine blade market trends.
 

61 - 90 m wind turbine blade market is anticipated to surpass USD 2.1 billion by 2032, owing to increasing production of large blades coupled with development of modularized & standardized turbine components. Extensive technological developments enabling flexible turbine rotation in line with shifting efforts across the private & public sectors to design advanced & efficient products will proliferate the business trends. Additionally, integration of scalable and reliable products across the large-scale sites combined with increasing research & development activities will fuel the industry outlook.
 

France wind turbine blade market is poised to witness over 11.4% gains between 2023 and 2032, owing to continuous surge in the number of onshore & offshore projects along with positive outlook toward green technology adoption. Presence of a robust policy framework will continue to drive the momentum across the country. Furthermore, various researchers across several organizations and institutes are continuously developing innovative technologies to improve the blade’s efficiency, thereby driving the product penetration.
 

Europe Wind Turbine Blade Market Share

Some of the eminent industry participants across the Europe wind turbine blade market include

• Siemens Gamesa Renewable Energy
• Acciona S.A.
• Vestas
• EnBW Energie Baden-Württemberg AG
• TPI Composites SA
• LM Wind Power
• Nordex SE
• Aeris Energy
• Suzlon Energy Ltd.
• Enercon GmbH
• Gurit Services AG
• Iberdrola, S.A.

Europe Wind Turbine Blade Industry News

• In May 2022, Vestas introduced the V163 - 4.5 MW turbine and expanding its 4-megawatt platform. The new product features a maximum ratio of rotor size to rating as well as 80.1 m long blades, thereby ensuring a high-capacity factor and a large power output. It is mainly optimized for medium & low speed winds, thereby offering an excellent wind park performance. The launch of the new product positively established the strong presence of the company, thereby reinforcing its position across the industry.
   
• In September 2022, Siemens Gamesa Renewable Energy, S.A. launched the RecyclableBlade, mainly for onshore wind projects. The new technology overcomes the blade recyclability issues of turbines and ensures enhanced product compatibilities. The innovative solution accelerated the demand for turbines, thereby complementing the business scenario.
   

This Europe wind turbine blade market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘USD Million’ from 2023 to 2032 for the following segments:

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By Material

• Carbon fiber
• Glass fiber

By Application

• Onshore
• Offshore

By Capacity

• < 3 MW
• 3 – 5 MW
• > 5 MW

By Size

• ≤ 30 m
• 31 – 60 m
• 61 – 90 m
• ≥ 90 m

The above information has been provided for the following countries:

• Europe
  • Germany
  • Spain
  • UK
  • France
  • Italy
  • Sweden
  • Poland
  • Denmark
  • Portugal
  • Netherlands
  • Ireland
  • Romania
  • Belgium
  • Austria