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WIND TURBINE BLADE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025 - 2032)

Wind Turbine Blade Market, By Material Type (Fiberglass, Carbon Fiber, Wood, and Others), By Blade Length (Up to 50 Meter and Above 50 Meter), By Capacity (Up to 10 MW and Greater than 10 MW), By Installation Type (Onshore and Offshore), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)

  • Published In : 15 Sep, 2025
  • Code : CMI8582
  • Pages :140
  • Formats :
      Excel and PDF
  • Industry : Energy
  • 歴史的範囲: 2020 - 2024
  • 歴史的範囲: 2020 - 2024
Ingographics Image

The global wind turbine blade market is estimated to be valued at USD 29.34 Bn in 2025 and is expected to reach USD 45.68 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 6.53% from 2025 to 2032. The global wind turbine blade market represents a critical component of the renewable energy infrastructure, serving as the primary mechanism for converting kinetic wind energy into rotational mechanical energy in wind power generation systems. Wind turbine blades are aerodynamically designed structures typically manufactured from advanced composite materials such as fiberglass, carbon fiber, and various resin systems, engineered to withstand extreme weather conditions while maintaining optimal performance efficiency.

Market Dynamics

The global wind turbine blade market is primarily driven by the accelerating global shift toward renewable energy sources, supported by government policies, subsidies, and regulatory frameworks promoting clean energy adoption across developed and emerging economies. Increasing environmental consciousness, coupled with declining costs of wind energy generation and technological improvements in blade efficiency, has created substantial market momentum. The growing focus on offshore wind projects, which require larger and more sophisticated blade designs, presents significant growth opportunities, particularly in regions with extensive coastlines and favorable wind conditions.

Key Features of the Study

  • This report provides in-depth analysis of the global wind turbine blade market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global wind turbine blade market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Siemens Gamesa Renewable Energy, GE Renewable Energy, Vestas Wind Systems A/S, Nordex SE, MHI Vestas Offshore Wind, Suzlon Energy Limited, Goldwind Science & Technology Co., Ltd., Enercon GmbH, Acciona Energy, Senvion S.A., LM Wind Power (GE Renewable Energy), Dongfang Electric Corporation, Sinovel Wind Group Co., Ltd., Harbin Electric Corporation, and TPI Composites, Inc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global wind turbine blade market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global wind turbine blade market

Market Segmentation

  • Material Type Insights (Revenue, USD Bn, 2020 - 2032)
    • Fiberglass
    • Carbon Fiber
    • Wood
    • Others
  • Blade Length Insights (Revenue, USD Bn, 2020 - 2032)
    • Up to 50 Meter
    • Above 50 Meter
  • Capacity Insights (Revenue, USD Bn, 2020 - 2032)
    • Up to 10 MW
    • Greater than 10 MW
  • Installation Type Insights (Revenue, USD Bn, 2020 - 2032)
    • Onshore
    • Offshore
  • Regional Insights (Revenue, USD Bn, 2020 - 2032)
    • North America
      • U.S.
      • Canada
    • Latin America
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
    • Europe
      • Germany
      • U.K.
      • Spain
      • France
      • Italy
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
    • Middle East
      • GCC Countries
      • Israel
      • Rest of Middle East
    • Africa
      • South Africa
      • North Africa
      • Central Africa
  • Key Players Insights
    • Siemens Gamesa Renewable Energy
    • GE Renewable Energy
    • Vestas Wind Systems A/S
    • Nordex SE
    • MHI Vestas Offshore Wind
    • Suzlon Energy Limited
    • Goldwind Science & Technology Co., Ltd.
    • Enercon GmbH
    • Acciona Energy
    • Senvion S.A.
    • LM Wind Power (GE Renewable Energy)
    • Dongfang Electric Corporation
    • Sinovel Wind Group Co., Ltd.
    • Harbin Electric Corporation
    • TPI Composites, Inc.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Global Wind Turbine Blade Market, By Material Type
      • Global Wind Turbine Blade Market, By Blade Length
      • Global Wind Turbine Blade Market, By Capacity
      • Global Wind Turbine Blade Market, By Installation Type
      • Global Wind Turbine Blade Market, By Region
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
    • Impact Analysis
    • Key Highlights
    • Regulatory Scenario
    • Product Launches/Approvals
    • PEST Analysis
    • PORTER’s Analysis
    • Market Opportunities
    • Regulatory Scenario
    • Key Developments
    • Industry Trends
  4. Global Wind Turbine Blade Market, By Material Type, 2020-2032, (USD Bn) Bn
    • Introduction
      • Market Share Analysis, 2025 and 2032 (%)
      • Y-o-Y Growth Analysis, 2021 - 2032
      • Segment Trends
    • Fiberglass
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
    • Carbon Fiber
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
    • Wood
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
  5. Global Wind Turbine Blade Market, By Blade Length, 2020-2032, (USD Bn) Bn
    • Introduction
      • Market Share Analysis, 2025 and 2032 (%)
      • Y-o-Y Growth Analysis, 2021 - 2032
      • Segment Trends
    • Up to 50 Meter
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
    • Above 50 Meter
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
  6. Global Wind Turbine Blade Market, By Capacity, 2020-2032, (USD Bn) Bn
    • Introduction
      • Market Share Analysis, 2025 and 2032 (%)
      • Y-o-Y Growth Analysis, 2021 - 2032
      • Segment Trends
    • Up to 10 MW
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
    • Greater than 10 MW
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
  7. Global Wind Turbine Blade Market, By Installation Type, 2020-2032, (USD Bn) Bn
    • Introduction
      • Market Share Analysis, 2025 and 2032 (%)
      • Y-o-Y Growth Analysis, 2021 - 2032
      • Segment Trends
    • Onshore
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
    • Offshore
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
  8. Global Wind Turbine Blade Market, By Region, 2020 - 2032, Value (USD Bn)
    • Introduction
      • Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Bn)
      • Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
      • Regional Trends
    • North America
      • Introduction
      • Market Size and Forecast, By Material Type, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Blade Length, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Capacity, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Installation Type, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
        • U.S.
        • Canada
    • Latin America
      • Introduction
      • Market Size and Forecast, By Material Type, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Blade Length, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Capacity, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Installation Type, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Europe
      • Introduction
      • Market Size and Forecast, By Material Type, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Blade Length, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Capacity, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Installation Type, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
        • Germany
        • U.K.
        • Spain
        • France
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, By Material Type, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Blade Length, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Capacity, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Installation Type, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Introduction
      • Market Size and Forecast, By Material Type, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Blade Length, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Capacity, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Installation Type, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, By Material Type, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Blade Length, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Capacity, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Installation Type, 2020 - 2032, Value (USD Bn)
      • Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
        • South Africa
        • North Africa
        • Central Africa
  9. Competitive Landscape
    • Siemens Gamesa Renewable Energy
      • Company Highlights
      • Product Portfolio
      • Key Developments
      • Financial Performance
      • Strategies
    • GE Renewable Energy
      • Company Highlights
      • Product Portfolio
      • Key Developments
      • Financial Performance
      • Strategies
    • Vestas Wind Systems A/S
      • Company Highlights
      • Product Portfolio
      • Key Developments
      • Financial Performance
      • Strategies
    • Nordex SE
      • Company Highlights
      • Product Portfolio
      • Key Developments
      • Financial Performance
      • Strategies
    • MHI Vestas Offshore Wind
      • Company Highlights
      • Product Portfolio
      • Key Developments
      • Financial Performance
      • Strategies
    • Suzlon Energy Limited
      • Company Highlights
      • Product Portfolio
      • Key Developments
      • Financial Performance
      • Strategies
    • Goldwind Science & Technology Co., Ltd.
      • Company Highlights
      • Product Portfolio
      • Key Developments
      • Financial Performance
      • Strategies
    • Enercon GmbH
      • Company Highlights
      • Product Portfolio
      • Key Developments
      • Financial Performance
      • Strategies
    • Acciona Energy
      • Company Highlights
      • Product Portfolio
      • Key Developments
      • Financial Performance
      • Strategies
    • Senvion S.A.
      • Company Highlights
      • Product Portfolio
      • Key Developments
      • Financial Performance
      • Strategies
    • LM Wind Power (GE Renewable Energy)
      • Company Highlights
      • Product Portfolio
      • Key Developments
      • Financial Performance
      • Strategies
    • Dongfang Electric Corporation
      • Company Highlights
      • Product Portfolio
      • Key Developments
      • Financial Performance
      • Strategies
    • Sinovel Wind Group Co., Ltd.
      • Company Highlights
      • Product Portfolio
      • Key Developments
      • Financial Performance
      • Strategies
    • Harbin Electric Corporation
      • Company Highlights
      • Product Portfolio
      • Key Developments
      • Financial Performance
      • Strategies
    • TPI Composites, Inc.
      • Company Highlights
      • Product Portfolio
      • Key Developments
      • Financial Performance
      • Strategies
  10. Analyst Recommendations
    • Wheel of Fortune
    • Analyst View
    • Coherent Opportunity Map
  11. References and Research Methodology
    • References
    • Research Methodology
    • About Us

*Browse 32 market data tables and 28 figures on ‘Wind Turbine Blade Market' - Global forecast to 2032

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