Home > Energy & Power > Electrical Equipment > Turbines > Wind Turbine Blade Market

Wind Turbine Blade Market Size

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

Download Free Sample

Wind Turbine Blade Market Size

The global wind turbine blade market was valued USD 95.3 billion in 2024 and is estimated to grow at a CAGR of 6.6% from 2025 to 2034. Wind turbine blades are large, aerodynamic components that capture kinetic energy from the wind, converting it into mechanical energy for electricity generation. Designed to harness wind power, these blades play a pivotal role in a wind turbine's performance. Additionally, blade lengths and sizes vary based on the turbine's capacity and design.

To get key market trends

Download Free Sample

Notable shift toward wind energy owing to the growing demand for reliable and efficient energy sources is set to boost the installation of new wind projects, reshaping the business landscape. Significant advancements in offshore wind energy projects in developed economies including the U.S. will propel the market growth. Moreover, government backing for offshore wind infrastructure development, combined with innovative strides in wind blade design, is poised to drive the product adoption.

Wind Turbine Blade Market Report Attributes
Report Attribute	Details
Base Year:	2024
Wind Turbine Blade Market Size in 2024:	USD 95.3 Billion
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	6.6%
2034 Value Projection:	USD 183.4 Billion
Historical Data for:	2021 - 2023
No. of Pages:	100
Tables, Charts & Figures:	15
Segments covered:	Material, Application, Capacity, Size and Region
Growth Drivers:	Enhanced regulatory support and influx of investments across the power sector Ongoing research and development activities Transition toward renewable energy
Pitfalls & Challenges:	High initial capital cost

Learn more about the key segments shaping this market

Download Free Sample

Increasing adoption of manufacturing larger wind turbine blades to capture more wind energy and boost energy output and efficiency will drive the business landscape. The rising demand to harness wind energy in low-speed wind regions and offshore locations will enhance the industry outlook. Additionally, the development of advanced materials such as carbon fiber composites and hybrid materials will improve the performance and durability of wind turbine blades, as these materials are lighter, stronger, and more durable compared to traditional materials like fiberglass, thereby strengthening the product demand.

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.