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Wind Turbine Blade Market Share

Report ID: GMI6744
Published Date: Dec 2024
Report Format: PDF

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Wind Turbine Blade Market Share

The competitive landscape of the wind turbine blade industry is shaped by key players, technological advancements, and market dynamics, including regional variations, regulations, and the growing demand for renewable energy. Companies are focusing on reducing manufacturing costs and improving production efficiency. Further, many players are integrating sensors and data analytics into turbine blades, allowing operators to monitor their condition in real-time. In addition, better blade designs that can be recycled more easily, using sustainable materials, or repurposing old blades for other industries is set to augment the industry scenario.

Wind Turbine Blade Market Companies

Eminent players operating in the wind turbine blade industry are:

Acciona S.A.
Aeris Energy
EnBW
Enercon GmbH
Gamesa Corporacion Technologica
Hitachi Power Solutions
LM Wind Power
MFG Wind
Nordex SE
Siemens AG
Sinoma Wind Power Blade Co. Ltd
Suzlon Energy Ltd.
TPI Composites SA
Vestas Wind Systems

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The global market for wind turbine blade was reached USD 95.3 Billion in 2024 and is estimated to grow at a 6.6% CAGR from 2025 to 2034, driven by increased investments and regulatory support in the power sector.

The carbon fiber segment is projected to exceed USD 142 Billion by 2034, due to its superior strength-to-weight ratio, which leads to lighter and more efficient blade designs.

The offshore segment is anticipated to grow at a CAGR of over 13.5% by 2034, led by the need for larger blades that capture more energy in diverse maritime conditions.

The U.S. wind turbine blade market is expected to surpass USD 6.5 Billion by 2034, fueled by rapid urbanization, industrialization, and favorable project installations.

Key players in the industry include Acciona S.A., Aeris Energy, EnBW, Enercon GmbH, Gamesa Corporacion Technologica, Hitachi Power Solutions, LM Wind Power, MFG Wind, Nordex SE, Siemens AG, Sinoma Wind Power Blade Co. Ltd, Suzlon Energy Ltd., TPI Composites SA, and Vestas Wind Systems.