Asia-Pacific Wind Turbine Rotor Blade Market Size

APAC Wind Turbine Rotor Blade Market Analysis

The Asia-Pacific wind turbine rotor blade market is expected to register a CAGR of more than 8.7% during the forecast period of 2022 - 2027. With the COVID-19 outbreak in Q1 of 2020, the growth of the wind turbine rotor blade market in the Asia-Pacific region was moderately impacted. Major countries such as China, India, etc. have faced disruptions in manufacturing and supplying of the rotor blades due to unexpected lockdowns. As a result, the commissioning of the wind projects was delayed. Factors such as the declining cost of wind energy and increasing investments in the wind power sector are expected to drive the wind turbine rotor blade market in the Asia-Pacific region during the forecast period. However, factors such as the associated high cost of transportation and cost competitiveness of alternate clean power sources like solar power, hydropower, etc., have the potential to hinder the market growth during the forecast period.

• As the majority of the modern rotor blades on large wind turbines are glass fibers, this segment is expected to witness significant demand for the wind turbine rotor blade market in the Asia-Pacific region during the forecast period.
• The wind power industry has been in demand for cost-effective solutions, and a highly efficient product has the potential to change the dynamics of the industry. There were instances where old turbines were replaced, not because of the damage but due to the availability of more efficient blades in the market. Hence, technological developments present themselves as a good opportunity for the wind turbine rotor blade market soon.
• China is expected to dominate the wind turbine rotor blade market in the Asia-Pacific region during the forecast period.