Wind Turbine Composites Market Size, Share, Growth | Forecast 2027

Posted by mahesh on September 26th, 2022

Wind Turbine Composites Market report by “The Insight Partners” sheds light on the key drivers and opportunities attributing to market expansion over the analysis period. It also gives in-depth information pertaining to the challenges and threats poised to hinder revenue generation in the forthcoming years. Additionally, the report also provides crucial information regarding leading companies in this business sphere and the trends that are likely to prevail in the near future.

Wind turbine composites are defined as the composites or components which are utilized in the production of wind turbine parts, such as blades and nacelles and others, which exhibits resilience and tensile strength. The use of composites helps in the production of lightweight components with excellent characteristics, low maintenance cost, resistance to corrosion, and long life of products. The global wind turbine composites market, by fiber type, has been segmented into glass fiber and carbon fiber and others. The glass fiber segment dominated the global wind turbine composites market in 2018. Moreover, the carbon fiber & other fiber type segment is anticipated to grow at a faster pace over the projected period. Glass fibers are being increasingly used to manufacture wind turbine composites. The glass fiber under type E (electrical) is the most widely preferred for the preparation of composites. Glass fibers for composites have a good combination of properties: moderate stiffness, high strength, and moderate density.

Wind energy is one of the renewable energy technologies which is growing at a rapid pace. The global installed capacity of wind energy has increased 75 times in the past two decades. According to the International Renewable Energy Agency, it rose from 7.5 gigawatts in 1997 to ~564 gigawatts in 2018. The demand for wind turbine composites is dependent on factors such as new wind turbine installations and the rising demand for flexible materials in applications such as blades, tower, and others. The growing number of wind farms in China, Europe, and North America is expected to drive the market for wind turbine composites. According to the World Wind Energy Association, the global capacity of windmills reached 597 gigaWatt in 2018. The growing capacity of wind farms and surge in the number of wind farm projects globally are expected to drive the market for wind turbines, and consequently generate significant demand for wind turbine composites.

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Wind Turbine Composites Market - Company Profiles


Hexcel Corporation

Lianyungang Zhongfu Lianzhong Composites Group Co.,Ltd

LM Wind Power

Molded Fiber Glass Companies

Nordex SE

Siemens Gamesa Renewable Energy, S.A.

Suzlon Energy Limited

TPI Composites, Inc.

Vestas Wind Systems A/S

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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Joined: September 20th, 2022
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