Assessment of COVID-19’s Effect on Wind Turbine Rotor Blade Market 2020–2024 | Decreasing LCOE of Wind Energy to Augment Growth | Technavio
Technavio has been monitoring the wind turbine rotor blade market and it is poised to grow by USD 6.09 billion during 2020–2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Acciona SA, ENERCON GmbH, General Electric Co., Mingyang Smart Energy Group Co. Ltd., Siemens Gamesa Renewable Energy SA, Sinoma Science & Technology Co. Ltd., Tecsis Tecnologia e Sistemas Avancados SA, TPI Composites Inc., Vestas Wind System AS, and Xinjiang Goldwind Science & Technology Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Decreasing LCOE of wind energy has been instrumental in driving the growth of the market.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/wind-turbine-rotor-blade-market-industry-analysis
Wind Turbine Rotor Blade Market 2020–2024: Segmentation
Wind Turbine Rotor Blade Market is segmented as below:
- Application
- Material
- Geographic Landscape
- Onshore
- Offshore
- Glass Fiber
- Carbon Fiber
- Others
- APAC
- EMEA
- North America
- South America
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Wind Turbine Rotor Blade Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The wind turbine rotor blade market report covers the following areas:
- Wind Turbine Rotor Blade Market Size
- Wind Turbine Rotor Blade Market Trends
- Wind Turbine Rotor Blade Market Analysis
This study identifies rising number of offshore wind farm installations as one of the prime reasons driving the wind turbine rotor blade market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
