Wind Turbine Blade Recycling Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Wind Turbine Blade Recycling Market covers analysis By Blade Material (Carbon Fiber, Glass Fiber, Other Blade Materials); Recycling Type (Physical Recycling, Thermo-Chemical Recycling) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00029722
  • Category : Energy and Power
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW
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.

MARKET SCOPE
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.

MARKET SEGMENTATION
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

    MARKET DYNAMICS
    Drivers-
  •   The growing offshore and onshore wind power plants for decommissioning are expected to drive the market's growth.
    Restrains
  •   However, rising environmental and economic factors due to pollution due to wind turbine blade recycling are hampering the market's growth.

    REGIONAL FRAMEWORK
    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.

    Wind Turbine Blade Recycling Market Report Analysis

    Wind Turbine Blade Recycling Market

    • CAGR (2023 - 2031)
      XX%
    • Market Size 2023
      US$ XX Million
    • Market Size 2031
      US$ XX Million

    Report Coverage

    • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Key future trends
    • Detailed PEST/Porter’s Five Forces and SWOT analysis
    • Industry landscape and competition analysis & recent developments
    • Detailed company profiles
    • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

    Key Players

    • LM Wind Power
    • Siemens Gamesa Renewable Energy SA
    • Vestas Wind Systems A/S
    • Veolia Environnement S.A
    • Arkema S.A
    • Carbon Rivers
    • General Electric
    • Orsted A/S
    • Iberdrola, S.A

    Regional Overview

    • North America
    • Europe
    • Asia-Pacific
    • South and Central America
    • Middle East and Africa

    Market Segmentation

    By Blade Material
    • Carbon Fiber
    • Glass Fiber
    • Other Blade Materials
    By Recycling Type
    • Physical Recycling
    • Thermo-Chemical Recycling
    By Geography
    • North America
    • Europe
    • Asia-Pacific
    • South and Central America
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    MARKET PLAYERS

    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
    •   Arkema S.A
    •   Carbon Rivers
    •   General Electric
    •   Orsted A/S
    •   Iberdrola, 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.

    Wind Turbine Blade Recycling Market Report Scope

    Report Attribute Details
    Market size in 2023 US$ XX Million
    Market Size by 2031 US$ XX Million
    Global CAGR (2023 - 2031) XX%
    Historical Data 2021-2022
    Forecast period 2024-2031
    Segments Covered By Blade Material
    • Carbon Fiber
    • Glass Fiber
    • Other Blade Materials
    By Recycling Type
    • Physical Recycling
    • Thermo-Chemical Recycling
    By Geography
    • North America
    • Europe
    • Asia-Pacific
    • South and Central America
    Regions and Countries Covered North America
    • US
    • Canada
    • Mexico
    Europe
    • UK
    • Germany
    • France
    • Russia
    • Italy
    • Rest of Europe
    Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
    South and Central America
    • Brazil
    • Argentina
    • Rest of South and Central America
    Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa
    Market leaders and key company profiles
  • LM Wind Power
  • Siemens Gamesa Renewable Energy SA
  • Vestas Wind Systems A/S
  • Veolia Environnement S.A
  • Arkema S.A
  • Carbon Rivers
  • General Electric
  • Orsted A/S
  • Iberdrola, S.A
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    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

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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