Global Wind Turbine Blades Market 2024-2030

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    WIND TURBINE BLADES MARKET

     

    INTRODUCTION

    Wind turbines use the wind, a renewable energy source that is free, abundant, and clean, to produce electricity. The aerodynamic force generated by the rotor blades of a wind turbine, which function similarly to an aeroplane wing or a helicopter rotor blade, converts wind energy into electricity.

     

    The air pressure drops on one side of the blade when wind blows across it. Both lift and drag are produced by the difference in air pressure between the two sides of the blade. The rotor spins because the lift force is greater than the drag force.

     

     In order to speed up the rotation and enable a physically smaller generator, the rotor is connected to the generator either directly or via a shaft and a set of gears (a gearbox).Three blades are typically found on turbines, and they are primarily composed of fibreglass.

     

    Although the size of turbine blades varies, a typical contemporary land-based wind turbine has blades that are over 170 feet (52 metres) long. With blades that are 351 feet long (107 metres), or roughly the length of a football pitch, GE’s Haliade-X offshore wind turbine is the largest turbine. 

     

    The air pressure on one side of the blade drops when wind passes across it. Lift and drag are both produced by the differential in air pressure between the blade’s two sides.

     

    The rotor spins because there is a greater force of lift than drag. With the use of the pitch system, the rotor speed of a wind turbine can be altered by changing the blades’ angle with relation to the wind.

     

    WIND TURBINE BLADES MARKET SIZE AND FORECAST

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    The Global wind turbine blades market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    WIND TURBINE BLADES MARKET NEW PRODUCT LAUNCH

    Onshore wind turbine blades that are recyclable have been launched by Siemens Gamesa. The sizes and timing of the recyclable onshore blades’ availability, as well as the quantity of onshore recyclable blades Siemens Gamesa has already created, are all still unknown.

     

    RecyclableBlade is the name of the recyclable blade technology used by the German-Spanish wind engineering firm. The ingredients used to construct wind turbine blades are mixed and then encapsulated in resin.  

     

    A moderate acid solution is used to separate the resin, fibreglass, and wood, among other things. The materials can then be used in the circular economy to make new items like bags or flat-screen housings without the need to use more raw materials.

     

    In an effort to push for a landfill ban across all of Europe, Siemens Gamesa is collaborating with the trade group WindEurope and other significant players in the sector.

     

     The 1000th PU wind turbine blade was launched by Covestro and Zhuzhou Times New Material Technology (TMT), a pioneering PU wind turbine producer. The use of PU in the manufacture of wind blades is a game-changing invention from Covestro teams around the world.

     

    PU blades are ushering in a new era for the wind turbine blade industry thanks to superior mechanical qualities, an effective manufacturing method, and a more affordable production option than traditional fibreglass-reinforced epoxy blades. An agreement of collaboration between Covestro and TMT was inked around a year ago, and as a result, considerable commercialization outcomes have been attained. 

     

    PU wind turbines are currently utilised in industrial wind farms all across China.To meet the rising need for longer wind blade designs, PU wind blades are available. As technology advances continuously, they intend to work even more closely with Covestro to make wind energy more competitive.

     

    It gives them great pleasure to have launched the 1000th blade with TMT, a significant milestone. They hold the opinion that inter-industry cooperation is crucial for addressing concerns like global warming and energy scarcity, as well as a key component of Covestro’s commitment to a circular economy.

     

    In order to satisfy the increasing demand for longer and larger wind blades, TMT manufactures PU wind blades with lengths ranging from 59.5 metres to 94 metres and a variety of blade designs and layup structures. The largest wind turbine in the world, with a 94-metre blade span and an 8 MW power output.

     

    The second wind turbine blade mould, measuring 107 metres, has begun production at the Cherbourg facility. Further investments in the plant’s upgrade will be made by GE Renewable Energy.

     

    In order to finish the blades (post-molding) before shipping them, the company plans to expand the facility by building an additional hall. A 107-metre-long blade made at the facility will be utilised in GE’s Haliade-X 12 MW offshore wind turbine, which will be the first offshore wind turbine blade longer than 100 metres. 

     

    The GE Haliade-X offshore wind turbine has had a fantastic voyage, and its workers here in Cherbourg are happy to play a part in it.The second 107-metre mould’s arrival at the plant signals an uptick in activity for LM Wind Power in Cherbourg, and we are pleased to welcome a sizable influx of new workers, enabling us to contribute to social development and expand the number of jobs in the neighbourhood.

     

    Every new hire goes through a rigorous six-week training programme at the factory’s “Centre of Excellence” to study the methods used to manufacture wind turbine blades and to build the technical know-how and skills necessary to produce wind turbine blades of a high calibre.

     

    THIS WIND TURBINE BLADES MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many wind turbine blades are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global wind turbine blades and key vendor selection criteria
    3. Where are the wind turbine blades manufactured? What is the average margin per unit?
    4. Market share of Global wind turbine blades market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global wind turbine blades in-house
    6. key predictions for next 5 years in Global wind turbine blades market
    7. Average B-2-B wind turbine blades market price in all segments
    8. Latest trends in wind turbine blades market, by every market segment
    9. The market size (both volume and value) of the wind turbine blades market in 2024-2030 and every year in between?
    10. Production breakup of wind turbine blades market, by suppliers and their OEM relationship

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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