Wind Turbine Rotor Blade Market is segmented By Location of Deployment (Onshore, Offshore), By Blade Material (Carbon Fiber, Glass Fiber, Others), By ....
Market Size in USD
CAGR9.1%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 9.1% |
Market Concentration | Medium |
Major Players | TPI Composites Inc., Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd, Nordex SE, Siemens Gamesa Renewable Energy, S.A., Suzlon Energy Limited |
The wind turbine rotor blade market is estimated to be valued at USD 23.44 Bn in 2024 and is expected to reach USD 43.18 Bn by 2031, growing at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031. The wind turbine rotor blade market is expected to witness prominent growth with the rising demand for renewable sources of energy due to growing environmental concerns.