Asia Pacific wind turbine rotor blade market will grow by 12.0% annually with a total addressable market cap of $106.51 billion over 2021-2027 driven by the increasing application of offshore wind turbines, decreasing levelized cost of electricity (LCOE) of wind energy, rising height and capacity of wind towers, and rising demand for renewable sources of energy.

Highlighted with 29 tables and 41 figures, this 97-page report “Asia Pacific Wind Turbine Rotor Blade Market 2020-2027 by Location of Deployment (Onshore, Offshore), Blade Material (Carbon Fiber, Glass Fiber), Blade Length, Installation Type (New Installation, Replacement), and Country: Trend Outlook and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific wind turbine rotor blade market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate/forecast from 2020 till 2027 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure

• Growth Drivers

• Restraints and Challenges

• Emerging Product Trends & Market Opportunities

• Porter’s Fiver Forces

The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify Asia Pacific wind turbine rotor blade market in every aspect of the classification from perspectives of by Location of Deployment, Blade Material, Blade Length, Installation Type, and Country.

Based on Location of Deployment, the Asia Pacific market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.

• Onshore Wind Energy Power

• Offshore Wind Energy Power

Based on Blade Material, the Asia Pacific market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.

• Carbon Fiber

• Glass Fiber

• Other Blade Materials

Based on Blade Length, the Asia Pacific market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.

• < 45.0 Meters

• 45.0-49.9 Meters

• 50.0 - 54.9 Meters

• 55.0 - 59.9 Meters

• 60.0 - 69.9 Meters

• > 70.0 Meters

Based on Installation Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.

• New Installation

• Reinstallation & Replacement

Geographically, the following national/local markets are fully investigated:

• Japan

• China

• South Korea

• Australia

• India

• Rest of APAC

For each key country, detailed analysis and data for annual revenue are available for 2017-2027. The breakdown of key national markets by Location of Deployment, Blade Material, and Installation Type over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Key Players (this may not be a complete list and extra companies can be added upon request):

Aeris Energy

CARBON ROTEC GmbH and Co KG

China National Building Material Co., Ltd.

Enercon GmbH

Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.

LM Wind Power (a GE Renewable Energy business)

MFG Wind

Nordex SE

Senvion SA

Siemens Gamesa Renewable Energy SA

Sinomatech Wind Power Blade Co. Ltd

Suzlon Energy Limited

TECSIS-Tecnologia e Sistemas Avancados

TPI Composites Inc.

Vestas Wind Systems A/S

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

1 Introduction 5

1.1 Industry Definition and Research Scope 5

1.1.1 Industry Definition 5

1.1.2 Research Scope 6

1.2 Research Methodology 9

1.2.1 Overview of Market Research Methodology 9

1.2.2 Market Assumption 10

1.2.3 Secondary Data 10

1.2.4 Primary Data 10

1.2.5 Data Filtration and Model Design 11

1.2.6 Market Size/Share Estimation 12

1.2.7 Research Limitations 13

1.3 Executive Summary 14

2 Market Overview and Dynamics 16

2.1 Market Size and Forecast 16

2.1.1 Impact of COVID-19 on World Economy 17

2.1.2 Impact of COVID-19 on the Market 19

2.2 Major Growth Drivers 21

2.3 Market Restraints and Challenges 28

2.4 Emerging Opportunities and Market Trends 31

2.5 Porter’s Fiver Forces Analysis 35

3 Segmentation of Asia Pacific Market by Location of Deployment 39

3.1 Market Overview by Location of Deployment 39

3.2 Onshore Wind Energy Power 41

3.3 Offshore Wind Energy Power 43

4 Segmentation of Asia Pacific Market by Blade Material 45

4.1 Market Overview by Blade Material 45

4.2 Carbon Fiber 47

4.3 Glass Fiber 48

4.4 Other Blade Materials 49

5 Segmentation of Asia Pacific Market by Blade Length 50

5.1 Market Overview by Blade Length 50

5.2 < 45.0 Meters 52

5.3 45.0-49.9 Meters 53

5.4 50.0 - 54.9 Meters 54

5.5 55.0 - 59.9 Meters 55

5.6 60.0 - 69.9 Meters 56

5.7 > 70.0 Meters 57

6 Segmentation of Asia Pacific Market by Installation Type 58

6.1 Market Overview by Installation Type 58

6.2 New Installation 60

6.3 Reinstallation & Replacement 61

7 Asia-Pacific Market 2020-2027 by Country 62

7.1 Overview of Asia-Pacific Market 62

7.2 China 65

7.3 Japan 67

7.4 India 70

7.5 Australia 72

7.6 South Korea 74

7.7 Rest of APAC Region 76

8 Competitive Landscape 77

8.1 Overview of Key Vendors 77

8.2 New Product Launch, Partnership, Investment, and M&A 80

8.3 Company Profiles 81

Aeris Energy 81

CARBON ROTEC GmbH and Co KG 83

China National Building Material Co., Ltd. 84

Enercon GmbH 85

Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd. 86

LM Wind Power (a GE Renewable Energy business) 87

MFG Wind 88

Nordex SE 89

Senvion SA 90

Siemens Gamesa Renewable Energy SA 91

Sinomatech Wind Power Blade Co. Ltd 92

Suzlon Energy Limited 93

TECSIS-Tecnologia e Sistemas Avancados 94

TPI Composites Inc. 95

Vestas Wind Systems A/S 96

Related Reports and Products 97

Methodology/Research Approach

Research Programs/Design

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources