DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/zr55z8/global_wind) has announced the addition of the "Global Wind Turbine Rotor Blade Market 2015-2018" report to their offering.
The global wind turbine rotor blade market to grow at a CAGR of 17% by revenue over the period 2015-2019.
Global Wind Turbine Rotor Blade Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global wind turbine rotor blade market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
The rotor blade constitutes a significant percentage of cost in a wind turbine, amounting to about 22% of the turbine cost. Companies across the globe are keen on optimizing the level of output with technological advancements. Vendors are investing in R&D to reduce the weight of the rotor blades. For instance, Siemens manufactured a blade made of glass fiber-reinforced epoxy resin and balsa wood using a patented integral blade process. The blade made by this process does not have seams, adhesives, or glued joints. This reduces the overall weight of the blade.
According to the report, the amount of global offshore wind energy turbine installation is increasing at a rapid pace, which drives the demand for wind turbine rotor blades. Rotor blades are an essential and elementary component of the wind turbine, helping to capture electrical energy from wind. Offshore wind energy is an emerging market. The offshore wind turbines account for over 2% of the total wind power sector. Floating turbines is another prospect for the future.
Further, the report states that low generating capacity of wind turbines dampen the growth of the global wind turbine rotor blade market.
- LM Wind Power
Other prominent vendors
- Guodian United Power Technology
- Inox wind
- Siemens Wind Power
- Sinomatech Wind Power Blade
- Suzlon Energy
- Wuxi Turbine Blade
Zhonghang Hui Teng Windpower Equipment
For more information visit http://www.researchandmarkets.com/research/zr55z8/global_wind