Analyzing the Global Markets for Wind Turbine Rotor Blades and Towers

DOE wind turbine

There are two new reports on the global markets for components.  The first is on the market for rotor blades and the second is the on the market for towers. Below are the findings from each report and how to get a copy if you want more detailed information.

Global Market for Wind Turbine Rotor Blades

A wind turbine rotor blade is a fundamental constituent of a wind turbine. The rotor forms the central base of the turbine and harbors multiple rotor blades attached to a hub. The rotor blades serves as a motor in the turbine and extract energy by capturing wind energy and transforming it into the rotation of the hub. The most popular rotor consists of a horizontal axis with three blades with a diameter ranging from 37-128 meters.

The wind turbine rotor blade market is developing in sync with the growing demand for turbines used to produce wind energy. The global wind energy market has been developing gradually due to a rise in energy demand, raising concerns over environmental impact of power generation through fossil fuel as a result of the Production Tax Credit (PTC) policy expiring in the United States and low investments in Europe respectively.

China leads the wind energy market primarily due to government impetus on wind power generation. Other Asia-Pacific countries likeIndia, Japan and Australia are also portraying significant growth trends in wind power generation powered by government initiatives. TheMiddle East and Africa remain at a very nascent phase of the wind energy market and presently bear the lowest market share among the regions.

The key market players in the wind turbine rotor blade market are Siemens AG (Germany), Vestas Wind System AS (Denmark), Suzlon Energy Limited (India), Acciona S.A. (Spain), and Gamesa Corporacion Tecnologica (Spain).

In 2014, the market for wind turbine rotor blades was ruled by Asia-Pacific, which accounted for nearly 55% of the total installed blades in the world. The region is expected to remain the most attractive market across 2020, even as South America along with the Middle East and Africa are geared up to witness promising growth rates.

Despite the costs for generating wind power declining over the years, the capital costs required in establishing a functional wind power project still remain high. Apart from construction and installation of wind turbines, costs may also rise, depending on the load factor and capacity factor of the turbines, which differ according to the location of the project and the quality of wind resource.

Aruvian Research produced the above research offering on the global market for wind turbine rotor blades.  The report can be found here: Analyzing the Global Market for Wind Turbine Rotor Blades.

Global Market for Wind Turbine Towers

Technological advancement has resulted in an acceleration in the achievable capacity of a single wind turbine. This could cause a decline in the number of towers installed in the coming years until 2020, despite an expected increase in annual capacity installed throughout this period.

Naturally, the growth of the wind tower market is directly proportionate to the growth of the wind energy industry, which is heavily impacted by favorable government policies, rising demand for power and uncertain supply and prices of energy from conventional sources.

China, the United States, India, Germany and Canada are major wind energy markets, accounting for around 90% of the global wind power market and the same held true for the global wind tower market in 2014 as well. These countries had the maximum number of wind tower installations in 2014. However, Denmark and the Netherlands also proved to be major global wind tower manufacturing powerhouses, manufacturing towers on a significant scale, mostly for export to the US and European markets.

A considerable percentage of Asian tower manufacturers ship their wind towers to North American and European countries, as the production cost is low in Asian countries and they are able to offer towers at competitive prices to these markets.

From 2014 to 2020, the addition of wind energy capacity is expected to increase. Yet again, the number of towers installed annually during this period will increase only slightly, due to the annual growth of average turbine capacity.

Some of the leading manufacturers of wind towers include China Ming Yang Wind Power Group Ltd, Enercon, Gamesa, GE, Senvion, Sinovel Wind Group amongst others.

Aruvian Research produced the above research offering on the global market for wind turbine towers.  The report can be found here: Analyzing the Global Market for Wind Turbine Towers.


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This post was prepared by Solar Thermal Magazine staff.

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