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North America Wind Turbine Blade Market Trends

Report ID: GMI9165
Published Date: Apr 2024
Report Format: PDF

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North America Wind Turbine Blade Market Trends

Ongoing introduction of advanced technologies along with the growing number of federal norms & policies for the development of the wind energy sector. For instance, in May 2022, GE Renewable Energy announced a new onshore wind turbine platform, Sierra specifically for the North American region. Growing expansion of onshore & offshore wind facilities along with favorable efforts across the major players to develop enhanced blade designs of turbines will fuel the industry trends.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of North America wind turbine blade market was reached USD 4.8 billion in 2023 and is anticipated to grow at 5.7% CAGR up to 2032, driven by the increased regulatory support and surge in investments within the energy industry.

North America carbon fiber wind turbine blade market is projected to surpass USD 6 billion by 2032, as they reduce utility bills and substantially provide backup power during outages.

North America wind turbine blade market is likely to cross USD 7.8 billion by 2032, attributed to extensive support by major organizations in the form of loans, grants, and funding along with the expansion of isolated & grid-connected electricity networks.

Acciona S.A., Aeris Energy, EnBW, Enercon GmbH, Gamesa Corporacion Technologica, Hitachi Power Solutions, MFG Wind, Nordex SE, Siemens AG, Suzlon Energy Ltd., TPI Composites SA and Vestas