Global Wind Turbine Components Market: Growth, Demand and Forecast Research Report to 2026

Posted April 14, 2021 by IMARC-Group

According to the latest research report by IMARC Group, the wind turbine components exhibited moderate growth during 2015-2020 and is expected to grow at a CAGR of 7.5% during 2021-2026.

Wind turbine components are widely adopted to convert kinetic energy that is
generated from the wind into electrical energy. They primarily include an
anemometer, brake, multiple rotating blades, controller, generator, and
gearbox, along with a drive train, nacelle, Supervisory Control and Data
Acquisition (SCADA) systems, power transformer, etc. Wind turbine
components are manufactured by using raw materials, such as fiberglass,
resin, stainless steel, iron, copper, aluminum, plastic, etc. These materials
are used for weathering and corrosion protection materials to enhance
components' longevity and functioning.

The increasing adoption of safer and cleaner renewable energy resources,
such as wind energy, along with the rising electricity consumption, are
augmenting the market for wind turbine components. Besides this, growing
environmental consciousness has catalyzed the adoption of wind energy
systems in green buildings for independent power generation, thereby
positively influencing the market growth. Several technological advancements
have led to the utilization of 3D printed components by various manufacturers
for cost-effective and enhanced rotor blade production. Additionally, the rising
deployment of various policies by governments to promote sustainable energy
production will continue to bolster the global market for wind turbine

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Key Insights of the Wind Turbine Components Market:

Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Altopro, S.A. de C.V., Amcor Plc, Ampacet Corporation, Chiripal Poly Films Limited, Clondalkin Flexible Packaging, Cosmo Films Limited, Futamura Chemical Co. Ltd., Innovia Films Limited (CCL Industries), Jindal Poly Films Limited, Mondi Plc, Polyplex Corporation Ltd., Printpack Holdings Inc., Toray Industries Inc. and Uflex Ltd.

The report has segmented the market on the basis of region, component, wind turbine type and wind farm type.

Breakup by Component:
Rotator Blade

Breakup by Wind Turbine Type:
Grid Connected

Breakup by Wind Farm Type:

Breakup by Region:
North America
United States
Asia Pacific
South Korea
United Kingdom
Latin America
Middle East and Africa

Read more information about global wind turbine components market:

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Issued By Kanika Sharma
Business Address 30 N Gould St Ste R Sheridan, WY 82801 USA
Country United States
Categories Energy
Tags wind turbine components market research , wind turbine components market share , wind turbine components market size
Last Updated April 14, 2021