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Wind Turbine Rotor Blades Global Market Size, Market Segmentation, Competitive Landscape and Key Country Analysis to 2020

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Page 1: GDAE1069MAR Wind Turbine Rotor Blades sample · Wind Turbine Rotor Blades Global Market Size, ... This report is a licensed product and is not to be copied, ... 2.2 Wind Turbine Rotor

Wind Turbine Rotor Blades Global Market Size, Market Segmentation, Competitive Landscape and Key Country Analysis to 2020

Page 2: GDAE1069MAR Wind Turbine Rotor Blades sample · Wind Turbine Rotor Blades Global Market Size, ... This report is a licensed product and is not to be copied, ... 2.2 Wind Turbine Rotor

GDAE1069MAR / Published NOV 2012 Page 2 Wind Turbine Rotor Blades - Global Market Size, Market Segmentation,

Competitive Landscape and Key Country Analysis to 2020 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form

Global Wind Power Market will Show Steady Growth up to 2020

The global wind power market witnessed tremendous growth in 2011, as annual wind power capacity installations recovered after a slight dip in 2010. The global cumulative wind power installed capacity increased from XX Megawatts (MW) in 2006 to XX MW in 2011, of which XX MW went online in 2011. Annual turbine installations are expected to grow from XX Gigawatts (GW) in 2011 to XX GW in 2012, against a backdrop of order intakes by major wind turbine manufacturers. During the 2012-2020 forecast period, global wind turbine installations will have a steady growth, and the cumulative wind power installed capacity will reach XX MW by 2015 and XX MW by 2020.

China, the US and India were the Top Three Wind Rotor Blade Markets in 2011

China and the US dominated the rotor blade market in 2011 in terms of the number of blades installed in the period. The two countries installed XX and XX wind rotor blades, respectively, and together contributed to more that XX% of the global wind rotor blade installations. India followed closely with XX blades, contributing XX% of the global total of blade installations. Germany, Canada, Spain and the UK were the other countries in the market, with a significant number of blades installed, contributing XX%, XX%, XX% and XX% of global installations respectively in 2011.

Wind Rotor Blade Market, Global, Split by Countries, %, 2011

ChinaThe US

IndiaGermany

CanadaSpainThe UK

Others

Source: GlobalData, Alternative Energy eTrack [Accessed: October 29, 2012]

Increasing Annual Additions of Wind Rotor Blades from 2006 to 2011

The global annual blade installations increased steadily from 2006 to 2009 due to more wind farms coming online as a result of favorable governmental policies in several countries and also due to increasing environmental awareness. However, the financial crisis in 2009 severely affected investment in most industries, including wind energy, leading to a low number of planned projects reaching financial closure. This resulted in a fall in the number of blades installed in 2010.

There was a sharp rise in the capacity of wind power installed in 2011 and the same is expected in 2012 as most of the projects suspended in 2010 will be completed in these years. However, this sharp rise is not evident in the number of blades installed, as the average capacity of a turbine has been increasing, which implies a fall in the number of turbines, and hence blades installed, to achieve a certain capacity.

A fall in installed capacity is expected in 2013 as the rise in 2011 and 2012 were superficial and caused due to deferred projects being completed. Apart from this fall in capacity, the increasing average turbine capacities will also reduce the number of blades needed. From 2014 to 2020, the addition of wind energy capacity is expected to increase significantly. The number of blades installed annually for this period will increase only slightly, due to average turbine capacity increasing each year. However, the fall in the number of blades installed will not translate to a fall in market size, as the size of the blade will increase continually to match the increasing turbine sizes.

Wind Rotor Blade Market, Global, Units Installed, 2006-2020

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Num

ber o

f Uni

ts

Source: GlobalData, Alternative Energy eTrack [Accessed: October 29, 2012]

Page 3: GDAE1069MAR Wind Turbine Rotor Blades sample · Wind Turbine Rotor Blades Global Market Size, ... This report is a licensed product and is not to be copied, ... 2.2 Wind Turbine Rotor

GDAE1069MAR / Published NOV 2012 Page 4 Wind Turbine Rotor Blades - Global Market Size, Market Segmentation,

Competitive Landscape and Key Country Analysis to 2020 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form

1 Table of Contents 1 Table of Contents ............................................................................................................................ 4

1.1 List of Tables............................................................................................................................. 6 1.2 List of Figures............................................................................................................................ 7

2 Introduction ..................................................................................................................................... 9 2.1 Wind Power Technology............................................................................................................ 9 2.2 Wind Turbine Rotor Blade Technology ....................................................................................... 9 2.3 Wind Rotor Blade Manufacturing Process ................................................................................ 10

2.3.1 Prepreg Process............................................................................................................. 10 2.3.2 SPRINT Process ............................................................................................................ 11 2.3.3 Hand Lay-up Process ..................................................................................................... 11 2.3.4 VARTM Process............................................................................................................. 12 2.3.5 SCRIMP (Seeman Composites Resin Infusion Molding Process) Process ........................ 12

2.4 GlobalData Report Guidance ................................................................................................... 13 3 Wind Rotor Blade Market, Global, 2006-2020 ................................................................................. 14

3.1 Wind Rotor Blade Market, Global, Overview............................................................................. 14 3.2 Wind Rotor Blade Market, Global, Units Installed, 2006-2020.................................................... 16 3.3 Wind Rotor Blades Market, Global, Cost Analysis, 2011 ........................................................... 18 3.4 Wind Rotor Blade Market, Global, Market Segmentation........................................................... 19

3.4.1 Wind Rotor Blade Market, Global, Share of Onshore and Offshore Installations................ 19 3.4.2 Wind Rotor Blade Market, Global, Rotor Diameter ........................................................... 21

3.5 Wind Rotor Blade Market, Global, Split by Key Countries, 2011 ................................................ 22 3.6 Wind Rotor Blade Market, Global, Average Price, 2006-2020.................................................... 23 3.7 Wind Rotor Blades Market, Global, Market Size, 2006-2020 ..................................................... 24 3.8 Wind Rotor Blade Market, Global, Blade Repairs, 2011 ............................................................ 25 3.9 Wind Rotor Blade Market, Global, Competitive Landscape, 2011 .............................................. 28

3.9.1 Wind Rotor Blade Market, Global, Market Share, 2011..................................................... 28 3.9.2 Wind Rotor Blade Market, Global, Comparison of Independent Manufacturers.................. 29 3.9.3 Wind Rotor Blade Market, Global, Manufacturers’ Locations ............................................ 31

3.10 Wind Rotor Blade Market, Global, Market Trends, 2006-2011................................................... 31 3.10.1 In-house Rotor Blade Production to Outsourcing - More WTG Manufacturers Taking up In-

House Manufacture, but Independent Suppliers Show More Absolute Growth .................. 31 3.10.2 Outsourced Manufacture by Independent Suppliers Increasing ........................................ 33 3.10.3 Manufacturers Display Mobility and Flexibility in Order to Reach Out to Customers and

Optimize Logistics........................................................................................................... 34 3.11 Wind Rotor Blade Market, Global, Market Drivers ..................................................................... 35

3.11.1 Feed-in Tariffs and Renewable Portfolio Standards are the Main Drivers for Wind Power Development in North America and Europe ..................................................................... 35

3.11.2 Various Support Policies have Enabled Strong Wind Power Development........................ 35 3.11.3 Increasing Need for Energy and Environmental Security is Promoting Investment in Wind

Energy ........................................................................................................................... 35 3.12 Wind Rotor Blade Market, Global, Market Restraints ................................................................ 36

3.12.1 Lack of Sufficient Grid Infrastructure could Hamper Global Wind Power Growth................ 36 3.12.2 Supply Chain Bottlenecks and Oversupply Conditions due to Unstable Supply-Demand

Situations ....................................................................................................................... 36 3.12.3 Human Resource Crunch in the Industry is Expected to Intensify with Market Expansion .. 36 3.12.4 High Cost of Carbon Fiber to Thwart Growth of Light-weight Rotor Blades........................ 36

4 Wind Rotor Blade Market, Germany, 2006-2020............................................................................. 37 4.1 Wind Rotor Blade Market, Germany, Overview......................................................................... 37 4.2 Wind Rotor Blade Market, Germany, Units Installed, 2006-2020 ............................................... 38 4.3 Wind Rotor Blade Market, Germany, Market Segmentation....................................................... 40

4.3.1 Wind Rotor Blade Market, Germany, Share of Onshore and Offshore Installations............ 40 4.3.2 Wind Rotor Blade Market, Germany, Rotor Diameter ....................................................... 42

4.4 Wind Rotor Blade Market, Germany, Average Price, 2006-2020 ............................................... 43 4.5 Wind Rotor Blade Market, Germany, Market Size, 2006-2020................................................... 45 4.6 Wind Rotor Blade Market, Germany, Blade Repairs, 2006-2020 ............................................... 47

5 Wind Rotor Blade Market, Spain, 2006-2020 .................................................................................. 49 5.1 Wind Rotor Blade Market, Spain, Overview .............................................................................. 49 5.2 Wind Rotor Blade Market, Spain, Units Installed, 2006-2020..................................................... 49

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GDAE1069MAR / Published NOV 2012 Page 5 Wind Turbine Rotor Blades - Global Market Size, Market Segmentation,

Competitive Landscape and Key Country Analysis to 2020 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form

5.3 Wind Rotor Blade Market, Spain, Market Segmentation, 2011 .................................................. 51 5.3.1 Wind Rotor Blade Market, Spain, Share of Onshore and Offshore Installations ................. 51 5.3.2 Wind Rotor Blade Market, Spain, Rotor Diameter ............................................................ 53

5.4 Wind Rotor Blade Market, Spain, Average Price, 2006-2020..................................................... 54 5.5 Wind Rotor Blade Market, Spain, Market Size, 2006-2020 ........................................................ 55 5.6 Wind Rotor Blade Market, Spain, Blade Repairs, 2006-2020..................................................... 57

6 Wind Rotor Blade Market, the UK, 2006-2020................................................................................. 59 6.1 Wind Rotor Blade Market, the UK, Overview ............................................................................ 59 6.2 Wind Rotor Blade Market, the UK, Units Installed, 2006-2020................................................... 59 6.3 Wind Rotor Blade Market, the UK, Market Segmentation .......................................................... 61

6.3.1 Wind Rotor Blade Market, the UK, Annual Additions, Share of Onshore and Offshore Installations .................................................................................................................... 61

6.3.2 Wind Rotor Blade Market, the UK, Rotor Diameter........................................................... 63 6.4 Wind Rotor Blade Market, the UK, Average Price, 2006-2020................................................... 64 6.5 Wind Rotor Blade Market, the UK, Market Size, 2006-2020 ...................................................... 65 6.6 Wind Rotor Blade Market, the UK, Blade Repairs, 2006-2020................................................... 66

7 Wind Rotor Blade Market, the US, 2006-2020................................................................................. 68 7.1 Wind Rotor Blade Market, the US, Overview ............................................................................ 68 7.2 Wind Rotor Blade Market, the US, Units Installed, 2006-2020................................................... 68 7.3 Wind Rotor Blade Market, the US, Market Segmentation .......................................................... 70

7.3.1 Wind Rotor Blade Market, the US, Share of Onshore and Offshore Installations ............... 70 7.3.2 Wind Rotor Blade Market, the US, Rotor Diameter........................................................... 72

7.4 Wind Rotor Blade Market, the US, Average Price, 2006-2020................................................... 73 7.5 Wind Rotor Blade Market, the US, Market Size, 2006-2020 ...................................................... 75 7.6 Wind Rotor Blades Market, the US, Blade Repairs, 2006-2020 ................................................. 77

8 Wind Rotor Blade Market, Canada, 2006-2020 ............................................................................... 80 8.1 Wind Rotor Blade Market, Canada, Overview........................................................................... 80 8.2 Wind Rotor Blade Market, Canada, Units Installed, 2006-2020 ................................................. 81 8.3 Wind Rotor Blade Market, Canada, Market Segmentation......................................................... 83

8.3.1 Wind Rotor Blade Market, Canada, Rotor Diameter ......................................................... 83 8.4 Wind Rotor Blade Market, Canada, Average Price, 2006-2020 ................................................. 84 8.5 Wind Rotor Blade Market, Canada, Market Size, 2006-2020..................................................... 86 8.6 Wind Rotor Blades Market, Canada, Blade Repairs, 2006-2020................................................ 87

9 Wind Rotor Blade Market, China, 2006-2020 .................................................................................. 89 9.1 Wind Rotor Blade Market, China, Overview.............................................................................. 89 9.2 Wind Rotor Blade Market, China, Units Installed, 2006-2020..................................................... 90 9.3 Wind Rotor Blade Market, China, Market Segmentation............................................................ 92

9.3.1 Wind Rotor Blade Market, China, Share of Onshore and Offshore Installations................. 92 9.4 Wind Rotor Blade Market, China, Average Price, 2006-2020..................................................... 94 9.5 Wind Rotor Blade Market, China, Market Size, 2006-2020........................................................ 96 9.6 Wind Rotor Blade Market, China, Blade Repairs, Units, 2006 - 2020......................................... 97

10 Wind Rotor Blade Market, India, 2006-2020.................................................................................... 99 10.1 Wind Rotor Blade Market, India, Overview ............................................................................... 99 10.2 Wind Rotor Blade Market, India, Units Installed, 2006-2020 .................................................... 100 10.3 Wind Rotor Blade Market, India, Market Segmentation ........................................................... 101

10.3.1 Wind Rotor Blade Market, India, Rotor Diameter, 2011 .................................................. 101 10.4 Wind Rotor Blade Market, India, Average Price, 2006-2020 .................................................... 102 10.5 Wind Rotor Blades Market, India, Market Size, 2006-2020...................................................... 103 10.6 Wind Rotor Blade Market, India, Blade Repairs, 2006-2020 .................................................... 104

11 Appendix..................................................................................................................................... 106 11.1 Abbreviations ........................................................................................................................ 106 11.2 Sources ................................................................................................................................ 107 11.3 Methodology ......................................................................................................................... 108

11.3.1 Secondary Research .................................................................................................... 108 11.3.2 Primary Research......................................................................................................... 108 11.3.3 Market Estimates and Assumptions............................................................................... 108

11.4 Contact Us ............................................................................................................................ 109 11.5 Disclaimer ............................................................................................................................. 109

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GDAE1069MAR / Published NOV 2012 Page 6 Wind Turbine Rotor Blades - Global Market Size, Market Segmentation,

Competitive Landscape and Key Country Analysis to 2020 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form

1.1 List of Tables Table 1: Wind Rotor Blade Market, Global, Units Installed, 2006-2020............................................... 17 Table 2: Wind Rotor Blade Market, Global, Share of Onshore and Offshore Units Installed, %,

2006-2020.......................................................................................................................... 20 Table 3: Wind Rotor Blade Market, Global, Rotor Diameter, 2006 and 2011....................................... 21 Table 4: Wind Rotor Blade Market, Global, Split by Key Countries, %, 2011....................................... 22 Table 5: Wind Rotor Blade Market, Global, Average Blade Price, $/kW, 2006-2020............................ 23 Table 6: Wind Rotor Blade Market, Global, Market Size, $m, 2006-2020............................................ 24 Table 7: Wind Rotor Blade Market, Global, Blade Repairs, Units, 2006-2020 ..................................... 26 Table 8: Wind Rotor Blade Market, Global, Blade Repair Revenue, $m, 2006-2020 ........................... 27 Table 9: Wind Rotor Blade Market, Global, Top WTG Manufacturers - Blade Supply, 2011 ................ 30 Table 10: Wind Rotor Blade Market, Global, Top WTG Manufacturers - Blade Supply, 2011 ................ 32 Table 11: Wind Rotor Blade Market, Global, Top Blade Manufacturers - Geographic Location, 2011 .... 34 Table 12: Wind Rotor Blade Market, Germany, Units Installed, 2006-2020........................................... 39 Table 13: Wind Rotor Blade Market, Germany, Annual Additions, Share of Onshore and Offshore, %,

2006-2020.......................................................................................................................... 41 Table 14: Wind Rotor Blade Market, Global, Rotor Diameter, 2006 and 2011...................................... 42 Table 15: Wind Rotor Blade Market, Germany, Average Blade Price, $/kW, 2006-2020 ....................... 44 Table 16: Wind Rotor Blade Market, Germany, Market Size, $m, 2006-2020........................................ 46 Table 17: Wind Rotor Blade Market, Germany, Blade Repairs, Units, 2006-2020 ................................. 47 Table 18: Wind Rotor Blade Market, Germany, Blade Repair Revenue, $m, 2006-2020 ....................... 48 Table 19: Wind Rotor Blade Market, Spain, Units Installed, 2006-2020 ................................................ 50 Table 20: Wind Rotor Blade Market, Spain, Annual Additions, Share of Onshore and Offshore, %,

2006-2020.......................................................................................................................... 52 Table 21: Wind Rotor Blade Market, Spain, Rotor Diameter, 2006 and 2011........................................ 53 Table 22: Wind Rotor Blade Market, Spain, Average Blade Price, $/kW, 2006-2020............................. 54 Table 23: Wind Rotor Blade Market, Spain, Market Size, $m, 2006-2020............................................. 56 Table 24: Wind Rotor Blade Market, Spain, Blade Repairs, Units, 2006-2020 ...................................... 57 Table 25: Wind Rotor Blade Market, Spain, Blade Repair Revenue, $m, 2006-2020............................. 58 Table 26: Wind Rotor Blade Market, the UK, Units Installed, 2006-2020 .............................................. 60 Table 27: Wind Rotor Blade Market, the UK, Share of Onshore and Offshore, %, 2006-2020 ............... 62 Table 28: Wind Rotor Blade Market, the UK, Rotor Diameter, %, 2006 and 2011 ................................. 63 Table 29: Wind Rotor Blade Market, the UK, Average Blade Price, $/kW, 2006-2020 ........................... 64 Table 30: Wind Rotor Blade Market, the UK, Market Size, $m, 2006-2020 ........................................... 65 Table 31: Wind Rotor Blade Market, the UK, Blade Repairs, Units, 2006-2020..................................... 66 Table 32: Wind Rotor Blade Market, the UK, Blade Repair Revenue, $m, 2006-2020........................... 67 Table 33: Wind Rotor Blade Market, the US, Units Installed, 2006-2020 .............................................. 69 Table 34: Wind Rotor Blade Market, The US, Annual Additions, Share of Onshore and Offshore, %,

2006-2020.......................................................................................................................... 71 Table 35: Wind Rotor Blade Market, the US, Rotor Diameter, %, 2006 and 2011 ................................. 72 Table 36: Wind Rotor Blade Market, the US, Average Blade Price, $/kW, 2006-2020 ........................... 74 Table 37: Wind Rotor Blade Market, the US, Market Size, $m, 2006-2020 ........................................... 76 Table 38: Wind Rotor Blade Market, the US, Blade Repairs, Units, 2006-2020..................................... 77 Table 39: Wind Rotor Blade Market, the US, Blade Repair Revenue, $m, 2006-2020........................... 79 Table 40: Wind Rotor Blade Market, Canada, Units Installed, 2006-2020............................................. 82 Table 41: Wind Rotor Blade Market, Canada, Rotor Diameter, %, 2006 and 2011................................ 83 Table 42: Wind Rotor Blade Market, Canada, Average Blade Price, $/kW, 2006-2020 ......................... 85 Table 43: Wind Rotor Blade Market, Canada, Market Size, $m, 2006-2020.......................................... 86 Table 44: Wind Rotor Blade Market, Canada, Blade Repairs, Units, 2006-2020 ................................... 87 Table 45: Wind Rotor Blade Market, Canada, Blade Repair Revenue, $m, 2006-2020 ......................... 88 Table 46: Wind Rotor Blade Market, China, Units Installed, 2006-2020................................................ 91 Table 47: Wind Rotor Blade Market, China, Share of Onshore and Offshore, %, 2006-2020................. 93 Table 48: Wind Rotor Blade Market, China, Average Blade Price, $/kW, 2006-2020............................. 95 Table 49: Wind Rotor Blade Market, China, Market Size, $m, 2006-2020............................................. 96 Table 50: Wind Rotor Blade Market, China, Blade Repairs, Units, 2006-2020 ...................................... 97 Table 51: Wind Rotor Blade Market, China, Blade Repair Revenue, $m, 2006-2020 ............................ 98 Table 52: Wind Rotor Blade Market, India, Units Installed, 2006-2020 ............................................... 100 Table 53: Wind Rotor Blade Market, India, Rotor Diameter, %, 2006 and 2011 .................................. 101 Table 54: Wind Rotor Blade Market, India, Average Blade Price, $/kW, 2006-2020 ............................ 102 Table 55: Wind Rotor Blade Market, India, Market Size, $m, 2006-2020 ............................................ 103 Table 56: Wind Rotor Blade Market, India, Blade Repairs, Units, 2006-2020...................................... 104 Table 57: Wind Rotor Blade Market, India, Blade Repair Revenue, $m, 2006-2020............................ 105 Table 58: Abbreviations.................................................................................................................... 106

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GDAE1069MAR / Published NOV 2012 Page 7 Wind Turbine Rotor Blades - Global Market Size, Market Segmentation,

Competitive Landscape and Key Country Analysis to 2020 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form

1.2 List of Figures Figure 1: Wind Rotor Blade Market, Manufacturing Process, Prepreg Process .................................... 10 Figure 2: Wind Rotor Blade Market, Manufacturing, SPRINT Process ................................................. 11 Figure 3: Wind Rotor Blade Market, Manufacturing, Hand Lay-up Process .......................................... 11 Figure 4: Wind Rotor Blade Market, Manufacturing, VARTM Process.................................................. 12 Figure 5: Wind Rotor Blade Market, Manufacturing, SCRIMP Process ................................................ 12 Figure 6: Wind Rotor Blade Market, Global, Units Installed, 2006-2020............................................... 16 Figure 7: Wind Rotor Blade Market, Break-up of Blade Cost, %, 2011................................................. 18 Figure 8: Wind Rotor Blade Market, Global, Share of Onshore and Offshore Units Installed, %,

2006-2020.......................................................................................................................... 19 Figure 9: Wind Rotor Blade Market, Global, Rotor Diameter, 2006 and 2011....................................... 21 Figure 10: Wind Rotor Blade Market, Global, Split by Key Countries, %, 2011....................................... 22 Figure 11: Wind Rotor Blade Market, Global, Average Blade Price, $/kW, 2006-2020............................ 23 Figure 12: Wind Rotor Blade Market, Global, Market Size, $m, 2006-2020............................................ 24 Figure 13: Wind Rotor Blade Market, Global, Blade Repairs, Units, 2006-2020 ..................................... 26 Figure 14: Wind Rotor Blade Market, Global, Blade Repair Revenue, $m, 2006-2020 ........................... 27 Figure 15: Wind Rotor Blade Market, Global, Market Share, %, 2011.................................................... 28 Figure 16: Wind Rotor Blade Market, Global, Independent Manufacturers Production Facilities, 2011.... 31 Figure 17: Wind Rotor Blade Market, Global, In-house Blade Manufacture, %, 2011 ............................. 32 Figure 18: Wind Rotor Blade Market, Global, Share of In-house & Outsourced Manufacture, $m,

2006-2020.......................................................................................................................... 33 Figure 19: Wind Rotor Blade Market, Germany, Units Installed, 2006-2020........................................... 38 Figure 20: Wind Rotor Blade Market, Germany, Annual Additions, Share of Onshore and Offshore, %,

2006-2020.......................................................................................................................... 40 Figure 21: Wind Rotor Blade Market, Germany, Rotor Diameter, 2006 and 2011................................... 42 Figure 22: Wind Rotor Blade Market, Germany, Average Blade Price, $/kW, 2006-2020 ....................... 43 Figure 23: Wind Rotor Blade Market, Germany, Market Size, $m, 2006-2020........................................ 45 Figure 24: Wind Rotor Blade Market, Germany, Blade Repairs, Units, 2006-2020 ................................. 47 Figure 25: Wind Rotor Blade Market, Germany, Blade Repair Revenue, $m, 2006-2020 ....................... 48 Figure 26: Wind Rotor Blade Market, Spain, Units Installed, 2006-2020 ................................................ 50 Figure 27: Wind Rotor Blade Market, Spain, Annual Additions, Share of Onshore and Offshore, %,

2006-2020.......................................................................................................................... 51 Figure 28: Wind Rotor Blade Market, Spain, Rotor Diameter, 2006-2011 .............................................. 53 Figure 29: Wind Rotor Blade Market, Spain, Average Blade Price, $/kW, 2006-2020............................. 54 Figure 30: Wind Rotor Blade Market, Spain, Market Size, $m, 2006-2020............................................. 55 Figure 31: Wind Rotor Blade Market, Spain, Blade Repairs, Units, 2006-2020 ...................................... 57 Figure 32: Wind Rotor Blade Market, Spain, Blade Repair Revenue, $m, 2006-2020............................. 58 Figure 33: Wind Rotor Blade Market, the UK, Units Installed, 2006-2020 .............................................. 59 Figure 34: Wind Rotor Blade Market, the UK, Annual Additions, Share of Onshore and Offshore, %,

2006-2020.......................................................................................................................... 61 Figure 35: Wind Rotor Blade Market, the UK, Rotor Diameter, %, 2006-2011........................................ 63 Figure 36: Wind Rotor Blade Market, the UK, Average Blade Price, $/kW, 2006-2020 ........................... 64 Figure 37: Wind Rotor Blade Market, the UK, Market Size, $m, 2006-2020 ........................................... 65 Figure 38: Wind Rotor Blade Market, the UK, Blade Repairs, Units, 2006-2020..................................... 66 Figure 39: Wind Rotor Blade Market, the UK, Blade Repair Revenue, $m, 2006-2020........................... 67 Figure 40: Wind Rotor Blade Market, the US, Units Installed, 2006-2020 .............................................. 69 Figure 41: Wind Rotor Blade Market, The US, Annual Additions, Share of Onshore and Offshore, %,

2006-2020.......................................................................................................................... 70 Figure 42: Wind Rotor Blade Market, the US, Rotor Diameter, %, 2006 and 2011 ................................. 72 Figure 43: Wind Rotor Blade Market, the US, Average Blade Price, $/kW, 2006-2020 ........................... 73 Figure 44: Wind Rotor Blade Market, the US, Market Size, $m, 2006-2020 ........................................... 75 Figure 45: Wind Rotor Blade Market, the US, Blade Repairs, Units, 2006-2020..................................... 77 Figure 46: Wind Rotor Blade Market, the US, Blade Repair Revenue, $m, 2006-2020........................... 78 Figure 47: Wind Rotor Blade Market, Canada, Units Installed, 2006-2020............................................. 81 Figure 48: Wind Rotor Blade Market, Canada, Rotor Diameter, %, 2006-2011 ...................................... 83 Figure 49: Wind Rotor Blade Market, Canada, Average Blade Price, $/kW, 2006-2020 ......................... 84 Figure 50: Wind Rotor Blade Market, Canada, Market Size, $m, 2006-2020.......................................... 86 Figure 51: Wind Rotor Blade Market, Canada, Blade Repairs, Units, 2006-2020 ................................... 87 Figure 52: Wind Rotor Blade Market, Canada, Blade Repair Revenue, $m, 2006-2020 ......................... 88 Figure 53: Wind Rotor Blade Market, China, Units Installed, 2006-2020................................................ 90 Figure 54: Wind Rotor Blade Market, China, Share of Onshore and Offshore, %, 2006-2020................. 92

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GDAE1069MAR / Published NOV 2012 Page 8 Wind Turbine Rotor Blades - Global Market Size, Market Segmentation,

Competitive Landscape and Key Country Analysis to 2020 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form

Figure 55: Wind Rotor Blade Market, China, Average Blade Price, $/kW, 2006-2020............................. 94 Figure 56: Wind Rotor Blade Market, China, Market Size, $m, 2006-2020............................................. 96 Figure 57: Wind Rotor Blade Market, China, Blade Repairs, Units, 2006-2020 ...................................... 97 Figure 58: Wind Rotor Blade Market, China, Blade Repair Revenue, $m, 2006-2020 ............................ 98 Figure 59: Wind Rotor Blade Market, India, Units Installed, 2006-2020 ............................................... 100 Figure 60: Wind Rotor Blade Market, India, Rotor Diameter, %, 2006-2011......................................... 101 Figure 61: Wind Rotor Blade Market, India, Average Blade Price, $/kW, 2006-2020 ............................ 102 Figure 62: Wind Rotor Blade Market, India, Market Size, $m, 2006-2020 ............................................ 103 Figure 63: Wind Rotor Blade Market, India, Blade Repairs, Units, 2006-2020...................................... 104 Figure 64: Wind Rotor Blade Market, India, Blade Repair Revenue, $m, 2006-2020............................ 105

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GDAE1069MAR / Published NOV 2012 Page 9 Wind Turbine Rotor Blades - Global Market Size, Market Segmentation,

Competitive Landscape and Key Country Analysis to 2020 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form

2 Introduction

2.1 Wind Power Technology A wind turbine is a circular instrument which converts mechanical energy to electricity. A wind turbine is also known as a wind generator, wind turbine generator (WTG), wind power unit (WPU), wind energy converter (WEC) or an aero generator.

According to design, wind turbines are broadly classified into two types.

Horizontal Axis Wind Turbine (HAWT)

Vertical Axis Wind Turbine (VAWT)

HAWT is the most common and simple type of wind turbine. Today, the majority of wind turbines operate on a horizontal axis with three blades that are attached to a rotor from which the electricity is transferred to a generator though a gearbox. A gearbox and generator are contained in a nacelle. Some of the turbines do not have a gearbox and the electricity is transferred directly to the generator. Electricity is then transmitted to the transformer and fed into the grid through transmission lines, resulting in an efficient and cost-effective turbine technology.

VAWT is not very popular due to their lower efficiency, making it largely sourced by individual inventors. The technology arranges the main rotor shaft of turbines vertically. To date, the most commonly used wind turbine for commercial purposes is HAWT.

2.2 Wind Turbine Rotor Blade Technology Rotor blades form a very important part of a wind turbine as they are the components that capture the power of wind and set the turbine rotational. This rotational motion is then converted into electric power.

The blades are fit into a hub which is then fixed to the front of the nacelle of the Wind Turbine Generator (WTG). The length of each blade can be considered the radius of the rotor of the WTG. The rotor diameter (which is twice the radius) is a very important factor and greatly affects the efficiency of the WTG.

As longer blades are needed for generating more power and for use in WTGs with a higher power rating, it is essential for a blade to have a very high tensile strength and be very light (of low density) at the same time. Hence, materials that correspond to an optimum level of both density and tensile strength are chosen for the construction of rotor blades. Previously, wood was the most common material used, but this has been replaced by glass fiber, as it is cheaper and stable structures of much larger sizes and greater strength can be built with a composition of glass fiber infused with resins. The next stage in the construction of rotor blades is the use of carbon fiber instead of glass fiber, as this material gives the best possible combination of tensile strength and density. However, it is currently very expensive to construct blades using carbon fiber, due to high raw material costs (Wood, 2012).

Each blade is cylindrical at its base, where it is attached to the hub, and gradually flattens toward the tip. It is hollow inside, with a stiff central spar running throughout the length of the blade to provide structural integrity to the rotor.

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2.4 GlobalData Report Guidance The report begins with an executive summary which gives a snapshot of the key indicators in the

wind rotor blade and wind power market.

Chapter two is an introduction to the market and provides a brief overview of wind power technology and the value chain of the industry. The chapter also provides a detailed overview of the types of wind rotor blades and manufacturing processes.

Chapter three provides an overview of the global market for wind rotor blades and examines several parameters of the global wind rotor blade market such as annual installations, the average price of a rotor blade and market value.

Chapters four through ten give the historical (2006-2011) and forecast (2012-2020) annual additions of wind rotor blades, market size, average price, and for major countries - Germany, Spain, the UK, the US, Canada, China and India. It also provides a comparison of rotor blades sizes in 2006 and 2011.

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3.2 Wind Rotor Blade Market, Global, Units Installed, 2006-2020 The global annual wind rotor blade installations increased steadily from 2006 to 2009 due to favorable governmental policies in several countries and an increase in environmental awareness. However, the financial crisis in 2009 severely affected investment in most industries, including wind energy, leading to a low number of planned projects reaching financial closure. This resulted in a fall in the number of rotor blades installed in 2010.

There was a sharp rise in the capacity of wind power installed in 2011 and the same is expected in 2012, as most of the projects suspended in 2010 will be executed in 2011 and 2012. However, this sharp rise is not evident in the number of rotor blades installed, as the average capacity of a turbine has been increasing, which implies a fall in the number of turbines (and rotor blades) installed to achieve a certain capacity.

A fall in capacity addition in terms of MW installed is expected in 2013, when it will reach a level slightly below the capacity additions of 2009. Along with this fall in capacity, the increasing average turbine capacities will also reduce the number of blades needed. However, this fall does not necessarily translate to a fall in the market size, as the size of rotor blades increase with increasing turbine sizes. From 2014 to 2020 the addition of wind energy capacity is expected to increase significantly. Once again, the number of blades installed annually for this period will increase only slightly, due to average turbine capacity increasing each year.

The chart below shows the global annual additions of wind rotor blades from 2006 to 2020.

Figure 6: Wind Rotor Blade Market, Global, Units Installed, 2006-2020

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Num

ber o

f Uni

ts

Source: GlobalData, Alternative Energy eTrack [Accessed: October 29, 2012]

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Table 1: Wind Rotor Blade Market, Global, Units Installed, 2006-2020 Year Number of Units

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Source: GlobalData, Alternative Energy eTrack [Accessed: October 29, 2012]

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3.9 Wind Rotor Blade Market, Global, Competitive Landscape, 2011 3.9.1 Wind Rotor Blade Market, Global, Market Share, 2011 The wind rotor blade market is occupied by several contenders, both WTG manufacturers and, independent manufacturers, who supply the products to WTG manufacturers. All of the top 10 WTG manufacturers of 2011, with the exception of GE Energy and Sinovel, have adopted in-house blade manufacturing to a certain extent. Of these, a few companies manufacture only a certain portion of their blade requirements in-house and outsource the rest to independent manufacturers.

Outside of the top 10 WTG manufacturers, most of the leading as well as smaller WTG manufacturers outsource the manufacture of their rotor blades to the independent manufacturers. In 2011, Vestas emerged to be the largest producer of blades globally, with a XX% market share, overtaking LM Wind Power, which was the largest producer in the previous year. LM Wind Power stood second at XX% and the subsequent positions were taken by Enercon, Zongfu, and Suzlon, with XX%, XX% and XX% respectively. The top five positions in the market were taken up by two independent manufacturers and three WTG manufacturers, and these five players accounted for over XX% of rotor blade manufacturing. The next five positions were also taken by a mix of independent and in-house manufacturers.

The following chart shows the top 10 players in the rotor blade market including both in-house and independent manufacturers.

Figure 15: Wind Rotor Blade Market, Global, Market Share, %, 2011 Vestas

LM Wind

Enercon

Zhongfu

SuzlonTecsisSinomatech

Gamesa

Siemens

Zhong Hang

TPI Composites

Ming Yang

United Power

Dongfang

Others

Source: GlobalData, Alternative Energy eTrack [Accessed: April 17, 2012]

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4.3.2 Wind Rotor Blade Market, Germany, Rotor Diameter Until the late 1990s, turbines of no more than XXm in rotor diameter were used, as turbines of XXkW to XX MW were just coming into use. However, as the average capacity of turbines has increased, this has increased the need to achieve higher rotor diameters using longer blades to complement the high capacity of the turbines. Currently, with most good wind sites used up, and the shift of focus to offshore installations, blades of greater lengths are required to achieve rotor diameters of the order of XXm and higher.

There has been a significant change in rotor diameter from 2006 to 2011. In 2006, XX% of turbines installed had a rotor diameter in the range of XX-XXm, and XX% of the turbines had rotor diameters in the range XX-XXm. However, there were no turbines with rotor diameters above XXm. In 2011, only XX% of turbines were in the rotor diameter range of XX-XXm, and XX% were in the XX-XXm range. Due to the increased use of larger capacity turbines, XX% of turbines had rotor diameters exceeding XXm. This is a clear indicator of increasing blade lengths as a result of increasing average turbine sizes.

The following chart shows the percentage shares of wind turbines of different rotor diameter ranges in Germany from 2006 to 2011.

Figure 21: Wind Rotor Blade Market, Germany, Rotor Diameter, 2006 and 2011

2006 2007 2008 2009 2010 2011

% S

hare

Upto 60m 61m-80m 81m-100m Above 100m

Source: GlobalData, Alternative Energy eTrack [Accessed: June 11, 2011]

Table 14: Wind Rotor Blade Market, Global, Rotor Diameter, 2006 and 2011 Rotor Diameter 2006 2011

Below 60m

61-80m

81-100m

Above 100m

Source: GlobalData, Alternative Energy eTrack [Accessed: June 11, 2012]

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11 Appendix

11.1 Abbreviations

Table 58: Abbreviations Abbreviation Expanded Form

ADB Asian Development Bank

CAGR Compound Annual Growth Rate

CO2 Carbon Dioxide

EU European Union

FIT Feed In Tariff

GBI Generation Based Incentives

GEF Global Environment Fund

GOI-DOC Government of India - Department of Commerce

GW Gigawatt

IREDA Indian Renewable Energy Development Agency

ITC Investment Tax Credits

kW Kilowatt

MW Megawatt

O&M Operation and Maintenance

OEM Original Equipment Manufacturer

PTC Production Tax Credits

PVC Polyvinyl Chloride

R&D Research and Development

RFP Request for Proposal

RPS Renewable Portfolio Standard

SCRIMP Seeman Composites Resin Infusion Molding Process

SPRINT SP Resin Infusion Technology

UNFCCC United Nations Framework Convention on Climate Change

VARTM Vacuum Assisted Resin Transfer Molding

VAT Value Added Tax

WPPI Wind Power Production Initiative

WTG Wing Turbine Generator

Source: GlobalData

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11.2 Sources AWEA (2011). Offshore Wind. American Wind Energy Association. Available from:

http://www.awea.org/learnabout/offshore/index.cfm [Accessed July 9, 2012]

Areva (2011). Energy Business Online. Areva SA. Available from: http://www.areva.com/globaloffer/liblocal/docs/EnergyBusiness/Energy%20Business%2010/print_3.html [Accessed July 9, 2012]

BBC (2012). Plans lodged for major offshore wind farm in Moray Firth. British Broadcasting Corporation April 25, 2012. Available from: http://www.bbc.co.uk/news/uk-scotland-highlands-islands-17837693 [Accessed: July 16, 2012]

CANWEA (2010). Wind Matters. Canada Wind Energy Association. Available from: http://www.canwea.ca/events/windmatters10_e.php [Accessed July 9, 2012]

EWEA (2012). The Economics of Wind Energy. European Wind Energy Association. Available from: http://www.ewea.org/fileadmin/ewea_documents/documents/00_POLICY_document/Economics_of_Wind_Energy__March_2009_.pdf

Gamesa Corporation (2012). Gamesa expands its manufacturing base in India by opening its first blade factory. Gamesa Corporation. Available from: http://www.gamesacorp.com/en/communication/news/gamesa-expands-its-manufacturing-base-in-india-by-opening-its-first-blade-factory.html?idCategoria=0&fechaDesde=&especifica=0&texto=&fechaHasta= [Accesed July 9, 2012]

Gurit (2010) Wind Energy Handbook - Blade Manufacturing Processes. Gurit Services AG. Available from: http://www.gurit.com/files/documents/4_Blade_Processes.pdf

GWEC (2010). China Wind Power Outlook. Global Wind Energy Council. Available from: http://www.gwec.net/fileadmin/documents/test2/wind%20report0919.pdf

GWEC (2012). Germany. Global Wind Energy Council. Available from: http://www.gwec.net/index.php?id=129 [Accessed July 16, 2012]

GWEC (2011). India Wind Power Outlook. Global Wind Energy Council. Available from: http://www.gwec.net/fileadmin/images/India/IWEO_2011_FINAL_April.pdf

IREDA (2011). Annual Report 2010-11. Indian Renewable Energy Development Authority. Available from: http://www.ireda.gov.in/pdf/Annual_Report2010-11Eng.pdf

TPI (2011). The Science Behind Innovation - SCRIMP in Detail. TPI Composites, Inc. Available from: http://www.tpicomposites.com/innovation/patents.aspx [Accessed July 9, 2012]

Wood, K (2012). Wind Turbine Blades: Glass Vs Carbon Fiber. Composites World. Available from: http://www.compositesworld.com/articles/wind-turbine-blades-glass-vs-carbon-fiber [Accessed July 9, 2012]

WRI (2012). Power Surge: Energy use and emissions continue to rise. World Resources Institute. Available from: http://www.wri.org/publication/content/8601 [Accessed: April 2012]

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11.3 Methodology GlobalData’s dedicated research and analysis teams consist of experienced professionals with a pedigree in marketing and market research, a background in consulting, and advanced statistical expertise in the energy industry.

GlobalData’s research methodology for the wind rotor blades report mainly consists of primary and secondary research.

GlobalData adheres to the Codes of Practice of the Market Research Society (www.mrs.org.uk) and the Strategic and Competitive Intelligence Professionals (www.scip.org) .

All GlobalData databases are continuously updated and revised. The following research methodology is followed for all databases and reports.

11.3.1 Secondary Research The research process begins with exhaustive secondary research on internal and external sources carried out to source qualitative and quantitative information relating to each market.

The secondary research sources that are typically referred to include, but are not limited to:

Company websites: whitepapers, press releases, news and annual reports

Industry trade journals, magazines and other literature: news articles and research studies

Industry associations, energy agencies and other government bodies

Internal proprietary databases such as our alternative energy eTrack and power eTrack

Information related to average price of rotor blades, production capacity and actual production of rotor blade manufacturers individually and collectively in each country, has been obtained through extensive secondary research.

11.3.2 Primary Research GlobalData conducts extensive primary interviews with industry participants and commentators in order to validate its data and analysis.

A typical research interview is conducted to fulfill the following functions:

To get the interviewee’s perspective on the market size, market trends, growth trends, competitive landscape, and future outlook

To validate secondary research findings

To further develop the analysis team’s expertise and market understanding

Key representatives of independent rotor blade manufacturing companies and WTG manufacturing companies have been interviewed in order to perform the cost analysis of wind rotor blades and also to validate data and analysis of average price, production capacity and production numbers of companies which have further been used in calculating market shares.

11.3.3 Market Estimates and Assumptions The following are the data points that are estimated or sourced through primary and secondary research.

Annual rotor blade installations: First, the annual tower installations of key countries and the world were calculated by dividing the annual capacity installed in that region with the average individual turbine size corresponding to that region during the corresponding time. Then, the numbers of annual rotor blade installations were calculated by multiplying the number of towers by three as a majority of wind turbines use three rotor blades. The installed capacities have been extracted from GlobalData’s proprietary database, which is continuously updated with historic, current and forecast numbers. These updates are made through extensive primary and secondary research and by contacting several industry associations and government energy agencies. The average turbine sizes are extracted from GlobalData’s asset sheets which are lists of wind farms in all major countries and several details of each wind farm.

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Rotor Diameters: Rotor diameters in different countries are extracted from GlobalData’s asset sheets which cover several details of wind farms in all major countries and track changes and new additions constantly.

Average price: Average prices of wind rotor blades in different countries are calculated as certain percentage of the turbine price and then verified while interviewing representatives of rotor blade manufacturing companies. Turbine prices in different countries are gathered through extensive primary research with turbine manufacturing companies.

11.5 Disclaimer All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, GlobalData.