The global Wind Power Composite market size was valued at US$ 3747.6 million in 2023. With growing demand in downstream market, the Wind Power Composite is forecast to a readjusted size of US$ 5680 million by 2030 with a CAGR of 6.1% during review period.
The research report highlights the growth potential of the global Wind Power Composite market. Wind Power Composite are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Wind Power Composite. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Wind Power Composite market.
Wind energy composite material forms an essential component of wind turbine for the manufacture of wind turbine rotor blade. Composite material is made up of fiber and matrix. The fiber provides physical strength and distributes loads in composite. The matrix material act binder. The matrix binds and maintains the spacing of the fiber material protecting the fiber from abrasion and environmental damage. The composite material manufactured from reinforcement of fiber and matrix is far superior from conventional metals such as steel and aluminum.The Wind Energy Composite market covers Glass Fiber Reinforced Polymer Composites, Carbon Fiber Reinforced Polymer Composites, etc. The typical players include LM Wind Power, TPI Composites, Sinoma Wind Power Blade, Zhongfu Lianzhong, TMT, etc.
According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China's installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.
Key Features:
The report on Wind Power Composite market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Wind Power Composite market. It may include historical data, market segmentation by Type (e.g., Glass Fiber Reinforced Polymer Composites, Carbon Fiber Reinforced Polymer Composites), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Wind Power Composite market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Wind Power Composite market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Wind Power Composite industry. This include advancements in Wind Power Composite technology, Wind Power Composite new entrants, Wind Power Composite new investment, and other innovations that are shaping the future of Wind Power Composite.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Wind Power Composite market. It includes factors influencing customer ' purchasing decisions, preferences for Wind Power Composite product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Wind Power Composite market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Wind Power Composite market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Wind Power Composite market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Wind Power Composite industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Wind Power Composite market.
Market Segmentation:
Wind Power Composite market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Glass Fiber Reinforced Polymer Composites
Carbon Fiber Reinforced Polymer Composites
Others
Segmentation by application
Blades
Nacelles
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
LM Wind Power
TPI Composites
Sinoma Wind Power Blade
Zhongfu Lianzhong
TMT
Vestas
Siemens Gamesa
Suzlon
Enercon
Tecsis
MFG Wind
Nordex
Inox Wind
Jupiter Bach
Shandong Shuangyi Technology
Key Questions Addressed in this Report
What is the 10-year outlook for the global Wind Power Composite market?
What factors are driving Wind Power Composite market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Wind Power Composite market opportunities vary by end market size?
How does Wind Power Composite break out type, application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Wind Power Composite Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Wind Power Composite by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Wind Power Composite by Country/Region, 2019, 2023 & 2030
2.2 Wind Power Composite Segment by Type
2.2.1 Glass Fiber Reinforced Polymer Composites
2.2.2 Carbon Fiber Reinforced Polymer Composites
2.2.3 Others
2.3 Wind Power Composite Sales by Type
2.3.1 Global Wind Power Composite Sales Market Share by Type (2019-2024)
2.3.2 Global Wind Power Composite Revenue and Market Share by Type (2019-2024)
2.3.3 Global Wind Power Composite Sale Price by Type (2019-2024)
2.4 Wind Power Composite Segment by Application
2.4.1 Blades
2.4.2 Nacelles
2.4.3 Others
2.5 Wind Power Composite Sales by Application
2.5.1 Global Wind Power Composite Sale Market Share by Application (2019-2024)
2.5.2 Global Wind Power Composite Revenue and Market Share by Application (2019-2024)
2.5.3 Global Wind Power Composite Sale Price by Application (2019-2024)
3 Global Wind Power Composite by Company
3.1 Global Wind Power Composite Breakdown Data by Company
3.1.1 Global Wind Power Composite Annual Sales by Company (2019-2024)
3.1.2 Global Wind Power Composite Sales Market Share by Company (2019-2024)
3.2 Global Wind Power Composite Annual Revenue by Company (2019-2024)
3.2.1 Global Wind Power Composite Revenue by Company (2019-2024)
3.2.2 Global Wind Power Composite Revenue Market Share by Company (2019-2024)
3.3 Global Wind Power Composite Sale Price by Company
3.4 Key Manufacturers Wind Power Composite Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Wind Power Composite Product Location Distribution
3.4.2 Players Wind Power Composite Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Wind Power Composite by Geographic Region
4.1 World Historic Wind Power Composite Market Size by Geographic Region (2019-2024)
4.1.1 Global Wind Power Composite Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Wind Power Composite Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Wind Power Composite Market Size by Country/Region (2019-2024)
4.2.1 Global Wind Power Composite Annual Sales by Country/Region (2019-2024)
4.2.2 Global Wind Power Composite Annual Revenue by Country/Region (2019-2024)
4.3 Americas Wind Power Composite Sales Growth
4.4 APAC Wind Power Composite Sales Growth
4.5 Europe Wind Power Composite Sales Growth
4.6 Middle East & Africa Wind Power Composite Sales Growth
5 Americas
5.1 Americas Wind Power Composite Sales by Country
5.1.1 Americas Wind Power Composite Sales by Country (2019-2024)
5.1.2 Americas Wind Power Composite Revenue by Country (2019-2024)
5.2 Americas Wind Power Composite Sales by Type
5.3 Americas Wind Power Composite Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Wind Power Composite Sales by Region
6.1.1 APAC Wind Power Composite Sales by Region (2019-2024)
6.1.2 APAC Wind Power Composite Revenue by Region (2019-2024)
6.2 APAC Wind Power Composite Sales by Type
6.3 APAC Wind Power Composite Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Wind Power Composite by Country
7.1.1 Europe Wind Power Composite Sales by Country (2019-2024)
7.1.2 Europe Wind Power Composite Revenue by Country (2019-2024)
7.2 Europe Wind Power Composite Sales by Type
7.3 Europe Wind Power Composite Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Wind Power Composite by Country
8.1.1 Middle East & Africa Wind Power Composite Sales by Country (2019-2024)
8.1.2 Middle East & Africa Wind Power Composite Revenue by Country (2019-2024)
8.2 Middle East & Africa Wind Power Composite Sales by Type
8.3 Middle East & Africa Wind Power Composite Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Wind Power Composite
10.3 Manufacturing Process Analysis of Wind Power Composite
10.4 Industry Chain Structure of Wind Power Composite
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Wind Power Composite Distributors
11.3 Wind Power Composite Customer
12 World Forecast Review for Wind Power Composite by Geographic Region
12.1 Global Wind Power Composite Market Size Forecast by Region
12.1.1 Global Wind Power Composite Forecast by Region (2025-2030)
12.1.2 Global Wind Power Composite Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Wind Power Composite Forecast by Type
12.7 Global Wind Power Composite Forecast by Application
13 Key Players Analysis
13.1 LM Wind Power
13.1.1 LM Wind Power Company Information
13.1.2 LM Wind Power Wind Power Composite Product Portfolios and Specifications
13.1.3 LM Wind Power Wind Power Composite Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 LM Wind Power Main Business Overview
13.1.5 LM Wind Power Latest Developments
13.2 TPI Composites
13.2.1 TPI Composites Company Information
13.2.2 TPI Composites Wind Power Composite Product Portfolios and Specifications
13.2.3 TPI Composites Wind Power Composite Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 TPI Composites Main Business Overview
13.2.5 TPI Composites Latest Developments
13.3 Sinoma Wind Power Blade
13.3.1 Sinoma Wind Power Blade Company Information
13.3.2 Sinoma Wind Power Blade Wind Power Composite Product Portfolios and Specifications
13.3.3 Sinoma Wind Power Blade Wind Power Composite Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Sinoma Wind Power Blade Main Business Overview
13.3.5 Sinoma Wind Power Blade Latest Developments
13.4 Zhongfu Lianzhong
13.4.1 Zhongfu Lianzhong Company Information
13.4.2 Zhongfu Lianzhong Wind Power Composite Product Portfolios and Specifications
13.4.3 Zhongfu Lianzhong Wind Power Composite Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Zhongfu Lianzhong Main Business Overview
13.4.5 Zhongfu Lianzhong Latest Developments
13.5 TMT
13.5.1 TMT Company Information
13.5.2 TMT Wind Power Composite Product Portfolios and Specifications
13.5.3 TMT Wind Power Composite Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 TMT Main Business Overview
13.5.5 TMT Latest Developments
13.6 Vestas
13.6.1 Vestas Company Information
13.6.2 Vestas Wind Power Composite Product Portfolios and Specifications
13.6.3 Vestas Wind Power Composite Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Vestas Main Business Overview
13.6.5 Vestas Latest Developments
13.7 Siemens Gamesa
13.7.1 Siemens Gamesa Company Information
13.7.2 Siemens Gamesa Wind Power Composite Product Portfolios and Specifications
13.7.3 Siemens Gamesa Wind Power Composite Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Siemens Gamesa Main Business Overview
13.7.5 Siemens Gamesa Latest Developments
13.8 Suzlon
13.8.1 Suzlon Company Information
13.8.2 Suzlon Wind Power Composite Product Portfolios and Specifications
13.8.3 Suzlon Wind Power Composite Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Suzlon Main Business Overview
13.8.5 Suzlon Latest Developments
13.9 Enercon
13.9.1 Enercon Company Information
13.9.2 Enercon Wind Power Composite Product Portfolios and Specifications
13.9.3 Enercon Wind Power Composite Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Enercon Main Business Overview
13.9.5 Enercon Latest Developments
13.10 Tecsis
13.10.1 Tecsis Company Information
13.10.2 Tecsis Wind Power Composite Product Portfolios and Specifications
13.10.3 Tecsis Wind Power Composite Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Tecsis Main Business Overview
13.10.5 Tecsis Latest Developments
13.11 MFG Wind
13.11.1 MFG Wind Company Information
13.11.2 MFG Wind Wind Power Composite Product Portfolios and Specifications
13.11.3 MFG Wind Wind Power Composite Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 MFG Wind Main Business Overview
13.11.5 MFG Wind Latest Developments
13.12 Nordex
13.12.1 Nordex Company Information
13.12.2 Nordex Wind Power Composite Product Portfolios and Specifications
13.12.3 Nordex Wind Power Composite Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 Nordex Main Business Overview
13.12.5 Nordex Latest Developments
13.13 Inox Wind
13.13.1 Inox Wind Company Information
13.13.2 Inox Wind Wind Power Composite Product Portfolios and Specifications
13.13.3 Inox Wind Wind Power Composite Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 Inox Wind Main Business Overview
13.13.5 Inox Wind Latest Developments
13.14 Jupiter Bach
13.14.1 Jupiter Bach Company Information
13.14.2 Jupiter Bach Wind Power Composite Product Portfolios and Specifications
13.14.3 Jupiter Bach Wind Power Composite Sales, Revenue, Price and Gross Margin (2019-2024)
13.14.4 Jupiter Bach Main Business Overview
13.14.5 Jupiter Bach Latest Developments
13.15 Shandong Shuangyi Technology
13.15.1 Shandong Shuangyi Technology Company Information
13.15.2 Shandong Shuangyi Technology Wind Power Composite Product Portfolios and Specifications
13.15.3 Shandong Shuangyi Technology Wind Power Composite Sales, Revenue, Price and Gross Margin (2019-2024)
13.15.4 Shandong Shuangyi Technology Main Business Overview
13.15.5 Shandong Shuangyi Technology Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
