Acumen Research and Consulting presents a new research report titled „Wind Turbine Composite Materials Market „ that includes the analysis of the various segments of this market across the important regions in the world.
Wind Turbine Composite Materials Market (Type: Glass Fiber, Carbon Fiber, Others; Application: Wind Blade, Nacelle, Tower, Base, Others; Manufacturing Process: Resin Infusion Technology, Prepreg, Hand Lay-up, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2017 – 2023
India, April. 17, 2018 (GLOBE NEWSWIRE) : Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Wind Turbine Composite Materials Market (Type: Glass Fiber, Carbon Fiber, Others; Application: Wind Blade, Nacelle, Tower, Base, Others; Manufacturing Process: Resin Infusion Technology, Prepreg, Hand Lay-up, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2017 – 2023”, estimates that the global market for wind turbine composite materials is expected to reach the market value of more than 12 billion by 2023 and is expected to grow at CAGR around 9.6% during the period 2017 – 2023.
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The report comprises the actual historical market size for the period 2013 – 2015 and forecast for the period 2017 – 2023 of the global wind turbine composite material market. The global demand of wind turbine composite material has improved in recent years, primarily owing to the funding in wind turbine projects throughout the globe. Furthermore, the advanced quality wind turbine parts are in widespread demand owing to their capability to sustain harsh weather conditions.
Increased Investment in Renewable Energy Sources
Emission of greenhouse gases is the primary cause for global warming that has led to the increased funding for renewable energy sources. Several countries across the globe are profoundly investing on wind farms with European countries leading the way. Europe’s wind farms have taken over coal and became second largest source for having capacity to generate power extensively. The wind energy being economical and sustainable has reached far flung offshore arenas. The countries across the globe are capitalizing heavily in wind farms which are opening up the opportunity for trade of composite materials in production of wind turbines.
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Furthermore, physical properties of composites when compared with conventional materials such as aluminum and steel are far superior. These materials permit wind turbines to work in facing contrary weather conditions as well as progress the efficacy of wind turbine. The advancement in technology and modifications in design for wind turbine blade have augmented the demand of bigger blades and highly able to produce great amount of energy. These factors predict the potential of wind turbine composite material market, thus driving the market growth at noteworthy rate.
Insights on Market Segments
The wind turbine composite materials market is segmented based on type, application, manufacturing process and geography. Based on type, it is classified into glass fiber, carbon fiber, others. On the basis of application, the market is divided into wind blade, nacelle, tower, base, others. Manufacturing process segment is further segmented into resin infusion technology, prepreg, hand lay-up, others. By geography, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Rest of the World (RoW). Furthermore, North America is segmented into U.S., Canada and Rest of the North America. Also, Europe is bifurcated into major countries such as Germany, U.K., France, Denmark and Rest of Europe. Asia-Pacific is sub-classified into China, Japan, Korea, India and Rest of Asia-Pacific. Middle East and Africa (MEA) is further segmented South Africa, UAE and Rest of MEA. Rest of the World (RoW) is sub-classified into Brazil, Chile and Rest of the World (RoW).
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Increasing Government Support for Wind Farm Projects
On the basis of geography, the wind turbine composite material market is bifurcated into North America, Asia-Pacific, Middle East and Africa, Europe, and Rest of the world. Asia-Pacific dominates the global wind turbine market and is anticipated to maintain its dominance throughout the forecast period. In Asia-Pacific, the search for clean energy sources and growing government support for wind farm projects is driving the growth of wind turbine composite materials market. The improvements in manufacturing area have made India and China the leaders in wind turbine composite materials market in the region. North America is estimated to witness high growth owing to the increased support from governments of Canada & the U.S in terms of several tax benefits offered. Coupled with growing government support, the wind power capacity is expected to increase significantly with the rising acceptance for wind power projects and technological advancement in the region.
Some of the major companies profiled in the report include Teijin Limited, LM Wind Power, Cytec Solvay Group, Vestas Wind System A/S, Hexcel Corporation, Koninklijke Ten Cate NV, Toray Industries Inc, Gurit Holding AG, TPI Corporation and Molded Fiber Glass Companies among others.
CHAPTER 1. Market Scope and Methodology,
1.1. Market Definition
1.2. Market Segmentation
1.2.1. Market Breakdown, By Type
1.2.2. Market Breakdown, By Application
1.2.3. Market Breakdown , By Manufacturing Process
1.2.4. Market Breakdown, By Region
1.3. Research Methodology
1.4. Executive Summary
CHAPTER 2. Market Outlook
2.1. Introduction
2.2. Value Chain Analysis
2.3. Landscape
2.3.1. Market Share
2.3.2. Opportunities
2.3.2.1. Untapped markets in Middle East and Africa
2.3.2.2. Research and development for low cost advanced composites
2.3.3. Trends
2.3.3.1. Technological advancements in advance composites.
2.3.3.2. Increasing compliance for carbon fiber reinforcement
2.3.4. Growth Drivers
2.3.4.1. Increasing wind power generation capacity
2.3.4.2. Stringent environmental regulations pertaining to emissions from burning conventional fuel
2.3.4.3. Increasing demand of larger blades
2.3.4.4. Increased government support for wind power projects
2.3.5. Impact Analysis of Drivers on Future Forecast of the Market
2.3.6. Restraints of the Market
2.3.6.1. High cost of composite materials
2.3.6.2. Uncertin global economic conditions
2.3.7 Impact Analysis of Restraints on Future Forecast of the Market
CHAPTER 3. Market Entry Strategy
3.1. Regional Regulatory Affairs
3.2. Competitive Analysis
3.3. Investment Analysis
3.4. Recommendation
CHAPTER 4. Global Wind Turbine Composite Material Market Size and Forecast (2013 – 2023)
4.1. Global Wind Turbine Composite Material Market, By Type
4.1.1. Glass Fiber
4.1.2. Carbon Fiber
4.1.3. Others
4.2. Global Wind Turbine Composite Material Market, By Application
4.2.1. Wind Blade
4.2.2. Nacelle
4.2.3. Tower
4.2.4. Base
4.2.5. Others
4.3. Global Wind Turbine Composite Material Market, By Manufacturing
4.3.1. Resin Infusion Technology
4.3.2. Prepreg
4.3.3. Hand Lay-up
4.3.4. Others
4.4. Global Wind Turbine Composite Material Market, By Region
4.4.1. North America
4.4.2. Europe
4.4.3. Middle East and Africa
4.4.4. Rest of the World (RoW)
CHAPTER 5. Global Wind Turbine Composite Material Market, By Geography
5.1. North America Wind Turbine Composite Material Market
5.1.1. North America Wind Turbine Composite Material Market, By Type (MTPA)
5.1.2. North America Wind Turbine Composite Material Market, By Type (USD Million)
5.1.3. North America Wind Turbine Composite Material Market, By Application (MTPA)
5.1.4. North America Wind Turbine Composite Material Market, By Application (USD Million)
5.1.5. North America Wind Turbine Composite Material Market, By Manufacturing Process (MTPA)
5.1.6. North America Wind Turbine Composite Material Market, By Manufacturing Process (USD Million)
5.1.7. North America Wind Turbine Composite Material Market, By Country
5.1.7.1. The U.S.
5.1.7.1.1. U.S. Wind Turbine Composite Material Market Size (MTPA)
5.1.7.1.2. U.S. Wind Turbine Composite Material Market Size (USD Million)
5.1.7.2. Canada
5.1.7.2.1. Canada Wind Turbine Composite Material Market Size (MTPA)
5.1.7.2.2. Canada Wind Turbine Composite Material Market Size (USD Million)
5.1.7.3. Rest of North America
5.1.7.3.1. Rest of North America Wind Turbine Composite Material Market Size (MTPA)
5.1.7.3.2. Rest of North America Wind Turbine Composite Material Market Size (USD Million)
5.2. Europe Wind Turbine Composite Material Market
5.2.1. Europe Wind Turbine Composite Material Market, By Type (MTPA)
5.2.2. Europe Wind Turbine Composite Material Market, By Type (USD Million)
5.2.3. Europe Wind Turbine Composite Material Market, By Application (MTPA)
5.2.4. Europe Wind Turbine Composite Material Market, By Application (USD Million)
5.2.5. Europe Wind Turbine Composite Material Market, By Manufacturing Process (MTPA)
5.2.6. Europe Wind Turbine Composite Material Market, By Manufacturing Process (USD Million)
5.2.7. Europe Wind Turbine Composite Material Market, By Country
5.2.7.1. Germany
5.2.7.1.1. Germany Wind Turbine Composite Material Market Size (MTPA)
5.2.7.1.2. Germany Wind Turbine Composite Material Market Size (USD Million)
5.2.7.2. France
5.2.7.2.1. France Wind Turbine Composite Material Market Size (MTPA)
5.2.7.2.2. France Wind Turbine Composite Material Market Size (USD Million)
5.2.7.3. The UK
5.2.7.3.1. UK Wind Turbine Composite Material Market Size (MTPA)
5.2.7.3.2. UK Wind Turbine Composite Material Market Size (USD Million)
5.2.7.4. Denmark
5.2.7.4.1. Denmark Wind Turbine Composite Material Market Size (MTPA)
5.2.7.4.2. Denamrk Wind Turbine Composite Material Market Size (USD Million)
5.2.7.5. Rest of The Europe
5.2.7.5.1. Rest of The Europe Wind Turbine Composite Material Market Size (MTPA)
5.2.7.5.2. Rest of The Europe Wind Turbine Composite Material Market Size (USD Million)
5.3. Asia-Pacific Wind Turbine Composite Material Market
5.3.1. Asia-Pacific Wind Turbine Composite Material Market, By Type (MTPA)
5.3.2. Asia-Pacific Wind Turbine Composite Material Market, By Type (USD Million)
5.3.3. Asia-Pacific Wind Turbine Composite Material Market, By Application (MTPA)
5.3.4. Asia-Pacific Wind Turbine Composite Material Market, By Application (USD Million)
5.3.5. Asia-Pacific Wind Turbine Composite Material Market, By Manufacturing Process (MTPA)
5.3.6. Asia-Pacific Wind Turbine Composite Material Market, By Manufacturing Process (USD Million)
5.3.7. Asia-Pacific Wind Turbine Composite Material Market, By Region (MTPA)
5.3.8. Asia-Pacific Wind Turbine Composite Material Market, By Region (USD Million)
5.3.9. Asia-Pacific Wind Turbine Composite Material Market, By Country
5.3.9.1. China
5.3.9.1.1. China Wind Turbine Composite Material Market Size (MTPA)
5.3.9.1.2. China Wind Turbine Composite Material Market Size (USD Million)
5.3.9.2. Japan
5.3.9.2.1. Japan Wind Turbine Composite Material Market Size (MTPA)
5.3.9.2.2. Japan Wind Turbine Composite Material Market Size (USD Million)
5.3.9.3. Korea
5.3.9.3.1. Korea Wind Turbine Composite Material Market Size (MTPA)
5.3.9.3.2. Korea Wind Turbine Composite Material Market Size (USD Million)
5.3.9.4. India
5.3.9.4.1. India Wind Turbine Composite Material Market Size (MTPA)
5.3.9.4.2. India Wind Turbine Composite Material Market Size (USD Million)
5.3.9.5. Rest of Asia-Pacific
5.3.9.5.1. Rest of The Asia-Pacific Wind Turbine Composite Material Market Size (MTPA)
5.3.9.5.2. Rest of The Asia-Pacific Wind Turbine Composite Material Market Size (USD Million)
5.4. Middle East and Africa (MEA) Wind Turbine Composite Material Market
5.4.1. Middle East and Africa (MEA) Wind Turbine Composite Material Market, By Type (MTPA)
5.4.2. Middle East and Africa (MEA) Wind Turbine Composite Material Market, By Type (USD Million)
5.4.3. Middle East and Africa (MEA) Wind Turbine Composite Material Market, By Application (MTPA)
5.4.4. Middle East and Africa (MEA) Wind Turbine Composite Material Market, By Application (USD Million)
5.4.5. Middle East and Africa (MEA) Wind Turbine Composite Material Market, By Manufacturing Process (MTPA)
5.4.6. Middle East and Africa (MEA) Wind Turbine Composite Material Market, By Manufacturing Process (USD Million)
5.4.7. Middle East and Africa (MEA) Wind Turbine Composite Material Market, By Region (MTPA)
5.4.8. Middle East and Africa (MEA) Wind Turbine Composite Material Market, By Region (USD Million)
5.4.9. Middle East and Africa (MEA) Wind Turbine Composite Material Market, By Country
5.4.9.1. South Africa
5.4.9.1.1. South Africa Wind Turbine Composite Material Market Size (MTPA)
5.4.9.1.2. South Africa Wind Turbine Composite Material Market Size (USD Million)
5.4.9.2. UAE
5.4.9.2.1. UAE Wind Turbine Composite Material Market Size (MTPA)
5.4.9.2.2. UAE Wind Turbine Composite Material Market Size (USD Million)
5.4.9.3. Rest of MEA
5.4.9.3.1. Rest of MEA Wind Turbine Composite Material Market Size (MTPA)
5.4.9.3.2. Rest of MEA Wind Turbine Composite Material Market Size (USD Million)
5.5. Rest of the World (RoW) Wind Turbine Composite Material Market
5.5.1. Rest of the World (RoW) Wind Turbine Composite Material Market, By Type (MTPA)
5.5.2. Rest of the World (RoW) Wind Turbine Composite Material Market, By Type (USD Million)
5.5.3. Rest of the World (RoW) Wind Turbine Composite Material Market, By Application (MTPA)
5.5.4. Rest of the World (RoW) Wind Turbine Composite Material Market, By Application (USD Million)
5.5.5. Rest of the World (RoW) Wind Turbine Composite Material Market, By Manufacturing Process (MTPA)
5.5.6. Rest of the World (RoW) Wind Turbine Composite Material Market, By Manufacturing Process (USD Million)
5.5.7. Rest of the World (RoW) Wind Turbine Composite Material Market, By Region (MTPA)
5.5.8. Rest of the World (RoW) Wind Turbine Composite Material Market, By Region (USD Million)
5.5.9. Rest of the World (RoW) Wind Turbine Composite Material Market, By Country
5.5.9.1. Brazil
5.5.9.1.1. Brazil Wind Turbine Composite Material Market Size (MTPA)
5.5.9.1.2. Brazil Wind Turbine Composite Material Market Size (USD Million)
5.5.9.2. Chile
5.5.9.2.1. Chile Wind Turbine Composite Material Market Size (MTPA)
5.5.9.2.2. Chile Wind Turbine Composite Material Market Size (USD Million)
5.5.9.3. Rest of RoW
5.5.9.3.1. Rest of RoW Wind Turbine Composite Material Market Size (MTPA)
5.5.9.3.2. Rest of RoW Wind Turbine Composite Material Market Size (USD Million)
CHAPTER 6. Competitive Analysis
6.1. Company Market Share Analysis (2016)
6.2. Porters Five Forces Analysis
6.2.1. Bargaining Power of Buyers
6.2.2. Bargaining Power of Suppliers
6.2.3. Threat of New Entrants
6.2.4. Intensity of Rivalry
6.2.5. Threat of Substitutes
CHAPTER 7. Key Players and Strategic Developments
7.1. Vestas Wind System AS
7.1.1. Business Overview
7.1.2. Product and Service Offering
7.1.3. Financial Overview
7.1.4. Strategic Developments
7.2. LM Wind Power
7.2.1. Business Overview
7.2.2. Product and Service Offering
7.2.3. Financial Overview
7.2.4. Strategic Developments
7.3. Cytec Solvay Group
7.3.1. Business Overview
7.3.2. Product and Service Offering
7.3.3. Financial Overview
7.3.4. Strategic Developments
7.4. Koninklijke Ten Cate NV
7.4.1. Business Overview
7.4.2. Product and Service Offering
7.4.3. Financial Overview
7.4.4. Strategic Developments
7.5. Hexcel Corporation
7.5.1. Business Overview
7.5.2. Product and Service Offering
7.5.3. Financial Overview
7.5.4. Strategic Developments
7.6. Toray Industries Inc.
7.6.1. Business Overview
7.6.2. Product and Service Offering
7.6.3. Financial Overview
7.6.4. Strategic Developments
7.7. Gurit Holding AG
7.7.1. Business Overview
7.7.2. Product and Service Offering
7.7.3. Financial Overview
7.7.4. Strategic Developments
7.8. Teijin Limited
7.8.1. Business Overview
7.8.2. Product and Service Offering
7.8.3. Financial Overview
7.8.4. Strategic Developments
7.9. TPI Corporation
7.9.1. Business Overview
7.9.2. Product and Service Offering
7.9.3. Financial Overview
7.9.4. Strategic Developments
7.10. Molded Fiber Glass Companies
7.10.1. Business Overview
7.10.2. Product and Service Offering
7.10.3. Financial Overview
7.10.4. Strategic Developments
CHAPTER 8. RESEARCH APPROACH
8.1. Initial Data Search
8.2. Secondary Research
8.3. Primary Research
8.4. Scope and Assumptions
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