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Report overview
The global Wind Energy Composite market was valued at US$ 3941.8 million in 2022 and is projected to reach US$ 5790 million by 2029, at a CAGR of 5.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Wind energy composite material forms an essential component of wind turbine for the manufacture of wind turbine rotor blade. Composite material is made up of fiber and matrix. The fiber provides physical strength and distributes loads in composite. The matrix material act binder. The matrix binds and maintains the spacing of the fiber material protecting the fiber from abrasion and environmental damage. The composite material manufactured from reinforcement of fiber and matrix is far superior from conventional metals such as steel and aluminum.The Wind Energy Composite market covers Glass Fiber Reinforced Polymer Composites, Carbon Fiber Reinforced Polymer Composites, etc. The typical players include LM Wind Power, TPI Composites, Sinoma Wind Power Blade, Zhongfu Lianzhong, TMT, etc.
This report aims to provide a comprehensive presentation of the global market for Wind Energy Composite, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wind Energy Composite. This report contains market size and forecasts of Wind Energy Composite in global, including the following market information:
Globally, the main manufacturers of Wind Energy Composite include LM Wind Power?TPI Composites and Sinoma Wind Power Blade?etc. Among them, LM Wind Power and TPI Composites both have a large market share of over 15%. Asia-Pacific is the largest market, holds a share over 60%.
We surveyed the Wind Energy Composite manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Wind Energy Composite Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Wind Energy Composite Market Segment Percentages, by Type, 2022 (%)
Global Wind Energy Composite Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Wind Energy Composite Market Segment Percentages, by Application, 2022 (%)
Global Wind Energy Composite Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Wind Energy Composite Market Segment Percentages, By Region and Country, 2022 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Wind Energy Composite revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Wind Energy Composite revenues share in global market, 2022 (%)
Key companies Wind Energy Composite sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Wind Energy Composite sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters: