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Europe Wind Turbine Blade Market Trends

Report ID: GMI6771
Published Date: Sep 2023
Report Format: PDF

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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.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of wind turbine blade in Europe was crossed USD 7.19 billion in 2023 and is expected to surpass USD 21.2 billion by 2032, due to the increasing importance of wind energy as source of renewable electricity generation the region.

The market valuation of carbon fiber wind turbine blade in Europe is exceed USD 17.3 billion by 2032, due to the higher adoption of enhanced power capacity and large turbines across offshore sites.

France wind turbine blade industry is expected to register over 11.4% CAGR from 2023 to 2032, owing to the continuous surge in the number of onshore & offshore projects along with positive outlook toward green technology adoption in the nation.

Some of the major wind turbine blade firms in Europe are Siemens Gamesa Renewable Energy, Acciona S.A., Vestas, EnBW Energie Baden-Württemberg AG, TPI Composites SA, LM Wind Power, and Iberdrola, S.A. among others.