Wind Turbine Composites Market Analysis
Wind Turbine Composites Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Wind Turbine Composites are being progressively used in the manufacture of wind turbine components. Superior mechanical properties, decreased operating expenditure, and a long lifespan has resulted in its increased use in the wind energy industry. Also, the lightweight property of composites enable the blades to rotate faster than other materials at the same wind speed. Moreover, reduced weight of turbine leads to less robust turbine requirements.
The major drivers are a shift towards renewable sources of energy in developed markets of Europe and North America. The increased lifespan and low operating expenditures have enabled it to be used in offshore wind energy installations as well. The major challenges are the high cost of composites and issue of reuse and recyclability of composite materials.
Wind Turbine Composites Market Taxonomy
On the basis of fiber, the wind turbine composites market is segmented as-
On the basis of resin type, the wind turbine composites market is segmented as-
On the basis of manufacturing process, the wind turbine composites market is segmented as-
On the basis of wind turbine component, the wind turbine composites market is segmented as-
Glass and carbon fibers are the most commonly used fibers. Glass fiber is the most commonly used composite material for wind energy equipment. It is cheaper and less brittle compared to carbon fiber. Carbon fiber has superior mechanical properties such as high strength, lightweight, and corrosion resistance.
Pre-preg process involves reinforcing a fiber with a pre-impregnated resin. Pre-preg requires less curing time, less waste generation, and provides superior strength properties. VARTM process is quicker as it combines and cures the fiber and resins in one step. Also, the process is cost affective and has a scope for automation which has potential to further drive down costs. Hand lay-up is an open molding process, as it involves placing of mold by hand and wetting with resin. Although, it is the cheapest manufacturing process and is susceptible to manufacturing defects.
Wind Turbine Composites Market Outlook
Key Players in the Wind Turbine Composites Market
Key players in the wind composites market include Toray Industries, Cytec Industries Inc., Royal TenCate nv, Gurit Holding AG, Hexel Corporation, and Teijin Limited, TPI Composites, Inc., Gamesa Corporation Technology, Vestas Wind Systems A/S, and Suzlon Energy Limited
Wind Turbine Composites Market: Key developments
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