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Onshore Wind Turbine Blade Market Trends

Report ID: GMI11742
Published Date: Oct 2024
Report Format: PDF

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Onshore Wind Turbine Blade Market Trends

Wind farm developers are increasingly focused on optimizing site selection, which can effectively harness wind resources in a variety of landscapes, including hilly or forested areas, propelling the product demand. Older wind farms are being repowered with newer turbines featuring longer blades, enhancing overall energy output and efficiency. Furthermore, ongoing push for more sustainable energy solutions is driving the deployment of larger turbines that can generate more power with fewer units, reducing land use and environmental impact, strengthening the industry landscape.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The global market for onshore wind turbine blade was reached USD 73.2 billion in 2023 and is projected to reach USD 120.3 billion by 2032, propelled by enhanced regulatory support and influx of investments across the power sector.

The 31-60m onshore wind turbine blade market is expected to exceed USD 21.5 billion by 2032, due to the rising usages of lightweight materials and optimized aerodynamics that improve energy generation and reduce costs.

The >5 MW onshore wind turbine blade market is projected to grow at over 4% CAGR through 2032, driven by their higher energy yields and better economies of scale.

The Asia Pacific onshore wind turbine blade market is expected to reach USD 95 billion by 2032, attributed to the innovations in blade design, materials, and manufacturing processes that enhance efficiency and cost-effectiveness.