Wind Turbine Blade Recycling Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Blade Material (Carbon Fiber, Glass Fiber, Other Blade Materials); Recycling Type (Physical Recycling, Thermo-Chemical Recycling) and Geography
Report Code: TIPRE00029722
| No. of Pages: 150
| Category: Energy and Power
| Status: Upcoming
The rising number of offshore and onshore wind power plants for decommissioning is anticipated to drive the market's growth in the forecast period. In addition, the key driving factors responsible for bringing the Wind Turbine Blade recycling market growth include the favorable policies from the governments that encourage the use of renewable energy resources to maintain a balance in the environment. Furthermore, it has been seen that the cost of wind energy generation is reducing, which will drive market growth. Moreover, the rising concerns about the environment and fossil fuel consumption and improving economic conditions in developing countries have also driven the growth in the wind turbine blade recycling market.
The "Global Wind Turbine Blade Recycling Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the wind turbine blade recycling market with detailed market segmentation by blade material, recycling type, and geography. The global wind turbine blade recycling market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading wind turbine blade recycling market players and offers key trends and opportunities in the market.
The global wind turbine blade recycling market is segmented by blade material, and recycling type.
Based on blade material, the market is segmented into Carbon Fiber, Glass Fiber, Other Blade Materials
On the basis of recycling type, the market is segmented into Physical Recycling, Thermo-Chemical Recycling
The growing offshore and onshore wind power plants for decommissioning are expected to drive the market's growth.
However, rising environmental and economic factors due to pollution due to wind turbine blade recycling are hampering the market's growth.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.
IMPACT OF COVID-19
The COVID-19 pandemic has greatly impacted the wind turbine blade recycling market's growth. Due to random lockdowns, major countries such as China, the United States, and Germany have faced disruptions in manufacturing and supplying the rotor blades. Thus, the commissioning of the wind projects was delayed. Moreover, the rising number of offshore and onshore wind power installations globally is anticipated to drive market growth during the forecast period. However, factors, such as the related high cost of transportation and cost competitiveness of alternate clean power sources, like solar energy, hydropower, etc., might hinder market growth in the forecast period. Carbon Rivers, a company that manufactures advanced material and power technologies, has commercialized a process to recover clean, mechanically intact glass fiber from decommissioned wind turbine blades. Moreover, Siemens Gamesa's first recyclable blades are spinning on a wind turbine at the Kaskasi offshore wind farm in Germany. The Recyclable Blade technology was developed in Aalborg, Denmark, and the blades were manufactured in Hull in the UK. These developments by the key players might help the market to recover from the disruption that happened due to the Covid-19 pandemic.
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The reports cover key developments in the wind turbine blade recycling market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from wind turbine blade recycling market are anticipated to lucrative growth opportunities in the future with the rising demand for biogas CHP in the global market. Below mentioned is the list of few companies engaged in the wind turbine blade recycling market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the wind turbine blade recycling market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years.
LM Wind Power
Siemens Gamesa Renewable Energy SA
Vestas Wind Systems A/S
Veolia Environnement S.A
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1. LM Wind Power
2. Siemens Gamesa Renewable Energy SA
3. Vestas Wind Systems A/S
4. Veolia Environnement S.A
5. Arkema S.A
6. Carbon Rivers
7. General Electric
8. Orsted A/S
9. Iberdrola, S.A