The Worldwide Carbon Fiber in Wind Turbine Rotor Blade Industry is Projected to Reach $12.1 Billion by 2030 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Worldwide Carbon Fiber in Wind Turbine Rotor Blade Industry” report has been added to ResearchAndMarkets.com’s offering.
The global Carbon Fiber in Wind Turbine Rotor Blade market held a market value of USD 3,440.8 Million in 2021 and is projected to reach USD 12,172.6 Million by the year 2030 at a growth rate of 15.37% from 2022 to 2030.
Companies Mentioned
- ZOLTEK Corporation
- Mitsubishi Rayon
- Hexcel
- Teijin
- SGL Carbon
- Formosa Plastics Corp
- Dow Inc
- Hyosung Japan
- Jiangsu Hengshen
- Taekwang Industrial
- Swancor Advanced Material Co
- China Composites Group
Carbon fiber has various benefits in reduction of wind turbine blade mass due to its enhanced properties of strength and stiffness, as compared to the fiberglass. The market is expected to be driven by the increase in wind turbine capacity, rising focus wind energy, and growing environmental concerns & need for reduction of carbon footprint is also estimated to fuel the market growth. Despite the driving factors, high costs of rotor blades are anticipated to hinder the market growth.
Growth Influencers:
Increase in wind turbine capacity
The growing wind turbine capacity is increasing the number of wind turbines, hence increasing the demand for carbon fibers for wind turbine rotor blades. According to the U.S. Energy Information Administration, the average homes in the United States use around 867 kilowatt-hours (kWh) every month. Also, the mean turbine capacity in the USWTDB is around 1.67 megawatts (MW). Hence, increase in the wind turbine capacity is driving the market growth over the projected period.
Rising focus wind energy
Use of wind energy in wind turbines for generation of electricity through kinetic energy usage. It is one of the fastest growing renewable energy technologies. Furthermore, the capacity of wind power has significantly grown over the world. It has also become the most efficient, affordable, and powerful producers through the last decade. Hence, the rising focus wind energy is also anticipated to fuel the market growth over the projected period.
Pros and Cons of Fiber Glass and Carbon Fiber
Pros of fiberglass include that it last a long time and can be coloured, dull, or shiny. Also, the material is low maintenance, fire resistant, weatherproof, anti-magnetic, and a good electrical insulator. Cons of fiberglass include that it requires to be re-gel coated every five years and can also lead to airborne fibres, which might create problems for asthma sufferers. On the other hand, carbon fiber is lightweight and is usually stronger as compared to steel or aluminium. However, the material is comparatively costly as it is more technology and labour intensive.
The global Carbon Fiber in Wind Turbine Rotor Blade market report answers questions such as:
- What is the market size and forecast of the Global Carbon Fiber in Wind Turbine Rotor Blade Market?
- What are the inhibiting factors and impact of COVID-19 on the Global Carbon Fiber in Wind Turbine Rotor Blade Market during the assessment period?
- Which are the products/segments/applications/areas to invest in over the assessment period in the Global Carbon Fiber in Wind Turbine Rotor Blade Market?
- What is the competitive strategic window for opportunities in the Global Carbon Fiber in Wind Turbine Rotor Blade Market?
- What are the technology trends and regulatory frameworks in the Global Carbon Fiber in Wind Turbine Rotor Blade Market?
- What is the market share of the leading players in the Global Carbon Fiber in Wind Turbine Rotor Blade Market?
- What modes and strategic moves are considered favorable for entering the Global Carbon Fiber in Wind Turbine Rotor Blade Market?
Key Topics Covered:
Chapter 1. Research Framework
Chapter 2. Research Methodology
Chapter 3. Executive Summary: Global Carbon Fiber in Wind Turbine Rotor Blade Market
Chapter 4. Global Carbon Fiber in Wind Turbine Rotor Blade Market Overview
Chapter 5. Carbon Fiber in Wind Turbine Rotor Blade Market Analysis, By Type
Chapter 6. Carbon Fiber in Wind Turbine Rotor Blade Market Analysis, By Blade Size
Chapter 7. Carbon Fiber in Wind Turbine Rotor Blade Market Analysis, By Application
Chapter 8. Carbon Fiber in Wind Turbine Rotor Blade Market Analysis, By Region
Chapter 9. North America Carbon Fiber in Wind Turbine Rotor Blade Market Analysis
Chapter 10. Europe Carbon Fiber in Wind Turbine Rotor Blade Market Analysis
Chapter 11. Asia Pacific Carbon Fiber in Wind Turbine Rotor Blade Market Analysis
Chapter 12. Middle East and Africa Carbon Fiber in Wind Turbine Rotor Blade Market Analysis
Chapter 13. South America Carbon Fiber in Wind Turbine Rotor Blade Market Analysis
Chapter 14. Japan Carbon Fiber in Wind Turbine Rotor Blade Market Analysis
Chapter 15. Company Profile
For more information about this report visit https://www.researchandmarkets.com/r/11fsmy
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