The global fossil fuel dependency is expected to cause significant social and economic fluctuations. An economy that is based on fossil fuel is highly unsustainable. The efforts taken to reduce such an impact and reduce its usage and dependence has paved way for alternate and renewable sources of energy. Alternate sources, such as wind energy, is one of the most sought after options since it is the least expensive power generating option. Increasing number of locations for capacity additions in newer markets such as Africa, Asia, Central, and South America is driving the wind power generation. Both onshore and offshore wind power generation have contributed to the improvement of wind energy's economics in varied operating conditions and wind regimes.
According to the report, one driver in market is wind power capacity additions. Wind energy is emerging as a low-cost renewable source of energy for the generation of electricity, with developed regions such as North America and Western Europe accounting for the highest investments in the total wind tower installations across the globe. It is a high-potential application area for carbon fiber composites, with turbine blades being the fastest growing product in this segment. Thermoset prepregs are widely used for the manufacture of wind turbines as these exhibit superior performance characteristics such as high strength-to-weight ratio and durability. An increasing number of vendors in the market are focusing on the R&D of technologically advanced products for such applications. The introduction of new low-cost carbon fiber prepregs for wind energy applications is expected to trigger the manufacture of wind turbine blades that are stronger, lighter, and longer, thereby create more energy as compared with shorter blades.
In 2019, the market size of Wind Turbine Composite Materials is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Wind Turbine Composite Materials.
This report studies the global market size of Wind Turbine Composite Materials, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Wind Turbine Composite Materials production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Cytec Solvay
Gurit
Teijin
Toray
TPI Composites
HC Composite
Hexcel
Molded Fiber Glass
SGL
TenCate
Vestas
Market Segment by Product Type
Thermoset Resin
Thermoplastic Resin
Market Segment by Application
On-Shore
Off-Shore
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Wind Turbine Composite Materials status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Wind Turbine Composite Materials manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Wind Turbine Composite Materials are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Wind Turbine Composite Materials. Industry analysis & Market Report on Wind Turbine Composite Materials is a syndicated market report, published as Global (United States, European Union and China) Wind Turbine Composite Materials Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Wind Turbine Composite Materials market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.