The consumption of composite materials in Global Wind Energy Industry is forecast to reach $3.9 billion by 2017 study says.
The world’s growing appetite for wind energy has transformed wind turbine blades into one of the hottest composite applications around. The huge demand for wind power generating equipments – particularly in the U.S and China as top tier and India, Germany, Spain, Italy, UK and France as second tier – has raised a bumper crop of new plants for manufacturing these composite parts. Emerging markets such as Brazil, Turkey and South Africa forecast to contribute to the future growth.
According to Composite Insights’ latest report “Global Wind Energy Composites Industry 2012-2017: Customer Mapping, Trend and Forecast Analysis,” the consumption of composite materials in Global Wind Energy Industry is to reach $3.9 billion by end of 2017.
In 2011, there were as many Chinese wind turbine firms on the top 10 list as there were European firms. Top 25 wind turbine suppliers accounted for an estimated 96% of global wind turbine installations in 2011 whereas in 2006, only top 12 players accounted for the same. Between 2006 and 2011, the share of independent wind turbine blade suppliers has dramatically increased, as there were many small wind turbine suppliers entered the market.
The report extensively looks at recent industry trends, as well as future opportunities along with an invaluable aid to sales and marketing professionals in, or interested in the industry. The report profiles 30 blade manufacturers and estimates composite material consumption by each manufacturer by region.
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