Date of publication: March 2018
Overview: The market for wind turbine blades has been growing rapidly in recent years and global materials usage continues to rise. However, this is a fluctuating market given uncertainties regarding governmental support for wind energy in certain parts of the world. Significant progress has been achieved in the reduction of cost of wind energy so the long term prospects remain encouraging.
To maximise return on investment, the average blade size has been getting longer and heavier requiring greater quantities of raw materials. As blade length and weight grow, increased sophistication in blade design, materials and manufacture is required. The link between generating capacity, blade size and materials usage is discussed in detail in the report.
As the generating power of wind turbines increases it requires higher performance of its components and materials, pushing weaker producers out. This consolidation process is also explored in this report from AMI Consulting.
The market for wind turbine blades has been established over 10 years ago and a market is now emerging for blade repair and replacement. This segment is expected to grow even faster than new installations, bringing new opportunities to industry players which will be covered in the latest edition of this report.