Assessment of COVID-19's Effect on Wind Turbine Rotor Blade Market 2020-2024 | Decreasing LCOE of Wind Energy to Augment Growth | Technavio

LONDON--()--Technavio has been monitoring the wind turbine rotor blade market and it is poised to grow by USD 6.09 billion during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Acciona SA, ENERCON GmbH, General Electric Co., Mingyang Smart Energy Group Co. Ltd., Siemens Gamesa Renewable Energy SA, Sinoma Science & Technology Co. Ltd., Tecsis Tecnologia e Sistemas Avancados SA, TPI Composites Inc., Vestas Wind System AS, and Xinjiang Goldwind Science & Technology Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Decreasing LCOE of wind energy has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/wind-turbine-rotor-blade-market-industry-analysis

Wind Turbine Rotor Blade Market 2020-2024: Segmentation

Wind Turbine Rotor Blade Market is segmented as below:

  • Application
    • Onshore
    • Offshore
  • Material
    • Glass Fiber
    • Carbon Fiber
    • Others
  • Geographic Landscape
    • APAC
    • EMEA
    • North America
    • South America

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Wind Turbine Rotor Blade Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The wind turbine rotor blade market report covers the following areas:

  • Wind Turbine Rotor Blade Market Size
  • Wind Turbine Rotor Blade Market Trends
  • Wind Turbine Rotor Blade Market Analysis

This study identifies rising number of offshore wind farm installations as one of the prime reasons driving the wind turbine rotor blade market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Wind Turbine Rotor Blade Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist wind turbine rotor blade market growth during the next five years
  • Estimation of the wind turbine rotor blade market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the wind turbine rotor blade market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of wind turbine rotor blade market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Value chain analysis
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market outlook
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Onshore - Market size and forecast 2019-2024
  • Offshore - Market size and forecast 2019-2024
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY MATERIAL

  • Glass fiber
  • Carbon fiber
  • Others

PART 09: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • EMEA - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • Advancements in onshore wind energy technology
  • Rising number of offshore wind farm installations
  • Advances in blade design

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Acciona SA
  • ENERCON GmbH
  • General Electric Co.
  • Mingyang Smart Energy Group Co. Ltd.
  • Siemens Gamesa Renewable Energy SA
  • Sinoma Science & Technology Co. Ltd.
  • Tecsis Tecnologia e Sistemas Avancados SA
  • TPI Composites Inc.
  • Vestas Wind System AS
  • Xinjiang Goldwind Science & Technology Co. Ltd.

PART 15: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 16: EXPLORE TECHNAVIO

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Wind Turbine Rotor Blade Market will grow by USD 6.09 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/