Wind Turbine Rotor Blades

Dec. 20, 2010 - PRLog -- The global rotor blade installations have increased from 15,127 MW in 2006 to 38,361 MW in 2010, at a CAGR of 26%. In light of the global economic recovery and strengthening demand in Asia Pacific and North American market, GlobalData estimates the annual installations to reach at 55GW by 2015. The Asia Pacific region is emerging as a key driver for rotor blade demand, particularly supported by strong government policies. China has acquired the top spot in annual installations in 2010 largely supported by the increasing domestic demand from the wind turbine manufacturers in the country. In India, the government support for wind power will increase demand for rotor blades in the country.

The North American rotor blade annual installations declined 47% in 2010 largely due to the financial crunch and decline in natural gas prices in the US. However, from 2011 the rotor blade installations are expected to rebound on the backdrop of increasing demand from the turbine manufacturers in the US.The rotor blade market in Germany and Denmark will find support from the untapped offshore potential while the Spanish market is expected to gain support from the supportive government policies particularly from 2013.

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The global rotor blade market has grown to $7,787 m in 2009 from $2,556m in 2006, at a CAGR of 33%.The key support for the market growth was the increasing installations and prices of the rotor blade during the period. GlobalData projects the global rotor blade market value to grow at a CAGR of 15% through 2015 from 2010. By 2015, the rotor blade market value is expected to reach $16,027m from $7,998m in 2010.

Asia Pacific region is expected to emerge as a major market for blades because of the strong demand from the Chinese market. The North American market growth is expected to be robust during 2010 to 2015 largely driven by enhanced installations in the US and Canada. The European market for rotor blade will receive a push during forecast period largely on the repowering and offshore markets.

“Wind Turbine Rotor Blades - Global Market Size, Average Price, Regulations and Competitive Analysis to 2015” is the latest report from GlobalData, that offer comprehensive information on the global turbine rotor blades market and provides forecasts up to 2015. The research gives detailed Global analysis and gives installed capacity split by major manufacturers of Global wind rotor blades market. This
research also gives detailed analysis of the markets in key countries namely the US, Germany and Spain.The study provides growth projections up to 2015 for key countries such as the US, Canada, Germany,Spain, China, India, and Denmark. Moreover, the report covers the technology and cost analysis for wind turbine rotor blades. Information on the regulatory framework and key policies governing the industry has also been dealt with in detail.

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