북미의 풍력 터빈용 복합재료 시장 : 지역별 분석 - 섬유 유형, 수지 유형, 기술, 용도별 예측(-2030년)

The North America wind turbine composites market was valued at US$ 1,538.36 million in 2022 and is expected to reach US$ 3,507.65 million by 2030; it is estimated to record a CAGR of 10.9% from 2022 to 2030.

Increasing Length of Wind Turbine Blades Fuels North America Wind Turbine Composites Market

Wind turbine blades generate lift with the help of their curved shape. The rotor blades are designed in such a way that it generates the right amount of rotor blade lift and thrust, which creates optimum deceleration of the air and increases blade efficiency. Wind turbine blades are shaped to extract the maximum power from the wind at a low construction cost. Therefore, wind turbine blade manufacturers are always looking forward to manufacturing a more efficient blade design. Continuous improvements have been initiated in the design of wind blades to generate new wind turbine designs that are comparatively more compact, silent, and capable of producing more power from less wind. This includes increasing the length of blades to improve the efficiency.

The efficiency of the wind turbine is mainly dependent upon the aerodynamic shape and length of the blades, along with the materials used to produce the blades. Wind turbine blades are the most significant yet high-cost component in wind turbines. The use of composite material in blade applications depends upon the strength and stiffness offered by the material, along with low density. By improving the length of wind turbine blades, 7.5% more electricity can be produced in comparison to those smaller blades. Companies are continuously aiming towards the development of lightweight, cost-effective, and eco-friendly materials for the production of wind turbine blades. This factor is boosting the demand for advanced composite material in wind turbines, which is fueling the market growth.

North America Wind Turbine Composites Market Overview

The North America wind turbine composites market is segmented into the US, Canada, and Mexico. The US is a major contributor to market growth in this region. Government initiatives for developing the wind energy sector and a rapid upsurge in installed wind capacity are key factors favoring the proliferation of the wind turbine composites market in North America. Wind power is the largest renewable energy source in the US, which generates nearly half of the total renewable energy. Texas has the most wind turbine capacity among other states. Moreover, wind is the most prevalent source of electricity generation in states such as Iowa and Kansas. The US recorded the historically highest installation of wind turbine capacity in 2020. Moreover, it remained the largest market for new onshore additions, driven by the scheduled phase-out of the full-rate Production Tax Credit (PTC) in 2020.

Canada is one of the prime countries producing and using renewable power. The country invests heavily in new energy storage technologies to support clean energy generation activities. According to the Canadian Renewable Energy Association's (CanREA) year-end data, the wind energy sector in Canada grew significantly in 2022. The wind and solar industries in the country accounted for ~4,462 person-years of employment in 2022. Various onshore and offshore wind power projects are planned in the country for the next 10 years. Further, wind energy capacity has rapidly increased over the last decade in Mexico.

According to Mexico Energy Partners LLC., the country had a cumulative installed wind capacity of 8.3 GW in 2021, and it represents ~9% of the total electricity generation of the country. Thus, the demand for wind turbine composites is increasing due to the rising focus of North American countries on expanding installed capacities and investing in new wind projects.

North America Wind Turbine Composites Market Revenue and Forecast to 2030 (US$ Million)

North America Wind Turbine Composites Market Segmentation

The North America wind turbine composites market is segmented based on fiber type, resin type, technology, application, and country.

Based on fiber type, the North America wind turbine composites market is segmented into carbon fiber composites, glass fiber composites, and others. The glass fiber composites segment held a larger share in 2022.

In terms of resin type, the North America wind turbine composites market is categorized into polyester, epoxy, polyurethane, vinyl ester, and others. The epoxy segment held the largest share in 2022.

By technology, the North America wind turbine composites market is segmented into resin infusion, prepreg, lay up, and others. The resin infusion segment held the largest share in 2022.

Based on application, the North America wind turbine composites market is bifurcated into blades and nacelles. The blades segment held a larger share in 2022.

Based on country, the North America wind turbine composites market is segmented into the US, Canada, and Mexico. The US dominated the North America wind turbine composites market in 2022.

Avient Corp, Toray Industries Inc, SGL Carbon SE, Owens Corning, Gurit Holding AG, Covestro AG, Hexion Inc, EPSILON Composite SA, Exel Composites Oyj, and Hexcel Corp are some of the leading companies operating in the North America power and control cable market.

Table Of Contents

1. Introduction

• 1.1 The Insight Partners Research Report Guidance
• 1.2 Market Segmentation

2. Executive Summary

• 2.1 Key Insights
• 2.2 Market Attractiveness
  • 2.2.1 Market Attractiveness

3. Research Methodology

• 3.1 Coverage
• 3.2 Secondary Research
• 3.3 Primary Research

4. North America Wind Turbine Composites Market Landscape

• 4.1 Overview
• 4.2 Porters Analysis
  • 4.2.1 Bargaining Power of Suppliers
  • 4.2.2 Bargaining Power of Buyers
  • 4.2.3 Threat of New Entrants
  • 4.2.4 Competitive Rivalry
  • 4.2.5 Threat of Substitutes
• 4.3 Ecosystem Analysis
  • 4.3.1 Raw Material Suppliers
  • 4.3.2 Wind Turbine Composites Manufacturers
  • 4.3.3 Distributors/Suppliers
  • 4.3.4 End-Users and Original Equipment Manufacturers
  • 4.3.5 List of Vendors in the Value Chain

5. North America Wind Turbine Composites Market - Key Market Dynamics

• 5.1 Market Drivers
  • 5.1.1 Increase in Installation Rate of Wind Turbine Capacity
  • 5.1.2 Increasing Length of Wind Turbine Blades
• 5.2 Market Restraints
  • 5.2.1 High Dependence of Wind Energy Industry on Government Subsidies
• 5.3 Market Opportunities
  • 5.3.1 Government Initiatives for Development of Wind Energy Sector
• 5.4 Future Trends
  • 5.4.1 Adoption of Natural Fiber Reinforced Polymer (NFRP) Composites
• 5.5 Impact Analysis

6. Wind Turbine Composites Market - North America Market Analysis

• 6.1 North America Wind Turbine Composites Market Volume (Kilo Tons)
• 6.2 North America Wind Turbine Composites Market Revenue (US$ Million)
• 6.3 North America Wind Turbine Composites Market Forecast and Analysis

7. North America Wind Turbine Composites Market Analysis - Fiber Type

• 7.1 Carbon Fiber Composites
  • 7.1.1 Overview
  • 7.1.2 Carbon Fiber Composites Market Volume and Forecast to 2030 (Kilo Tons)
  • 7.1.3 Carbon Fiber Composites Market Revenue and Forecast to 2030 (US$ Million)
• 7.2 Glass Fiber Composites
  • 7.2.1 Overview
  • 7.2.2 Glass Fiber Composites Market Volume and Forecast to 2030 (Kilo Tons)
  • 7.2.3 Glass Fiber Composites Market Revenue and Forecast to 2030 (US$ Million)
• 7.3 Others
  • 7.3.1 Overview
  • 7.3.2 Others Market Volume and Forecast to 2030 (Kilo Tons)
  • 7.3.3 Others Market Revenue and Forecast to 2030 (US$ Million)

8. North America Wind Turbine Composites Market Analysis - Resin Type

• 8.1 Polyester
  • 8.1.1 Overview
  • 8.1.2 Polyester Market Revenue and Forecast to 2030 (US$ Million)
• 8.2 Epoxy
  • 8.2.1 Overview
  • 8.2.2 Epoxy Market Revenue and Forecast to 2030 (US$ Million)
• 8.3 Polyurethane
  • 8.3.1 Overview
  • 8.3.2 Polyurethane Market Revenue and Forecast to 2030 (US$ Million)
• 8.4 Vinyl Ester
  • 8.4.1 Overview
  • 8.4.2 Vinyl Ester Market Revenue and Forecast to 2030 (US$ Million)
• 8.5 Others
  • 8.5.1 Overview
  • 8.5.2 Others Market Revenue and Forecast to 2030 (US$ Million)

9. North America Wind Turbine Composites Market Analysis - Technology

• 9.1 Resin Infusion
  • 9.1.1 Overview
  • 9.1.2 Resin Infusion Market Revenue and Forecast to 2030 (US$ Million)
• 9.2 Prepreg
  • 9.2.1 Overview
  • 9.2.2 Prepreg Market Revenue and Forecast to 2030 (US$ Million)
• 9.3 Lay Up
  • 9.3.1 Overview
  • 9.3.2 Lay Up Market Revenue and Forecast to 2030 (US$ Million)
• 9.4 Others
  • 9.4.1 Overview
  • 9.4.2 Others Market Revenue and Forecast to 2030 (US$ Million)

10. North America Wind Turbine Composites Market Analysis - Application

• 10.1 Blades
  • 10.1.1 Overview
  • 10.1.2 Blades Market, Revenue and Forecast to 2030 (US$ Million)
• 10.2 Nacelles
  • 10.2.1 Overview
  • 10.2.2 Nacelles Market Revenue and Forecast to 2030 (US$ Million)

11. North America Wind Turbine Composites Market - Country Analysis

• 11.1 North America
  • 11.1.1 Wind Turbine Composites Market Breakdown by Country
  • 11.1.2 US Wind Turbine Composites Market Volume and Forecasts to 2030 (Kilo Tons)
  • 11.1.3 US Wind Turbine Composites Market Revenue and Forecasts to 2030 (US$ Million)
    • 11.1.3.1 US Wind Turbine Composites Market Breakdown by Fiber Type
    • 11.1.3.2 US Wind Turbine Composites Market Breakdown by Resin Type
    • 11.1.3.3 US Wind Turbine Composites Market Breakdown by Technology
    • 11.1.3.4 US Wind Turbine Composites Market Breakdown by Application
  • 11.1.4 Canada Wind Turbine Composites Market Volume and Forecasts to 2030 (Kilo Tons)
  • 11.1.5 Canada Wind Turbine Composites Market Revenue and Forecasts to 2030 (US$ Million)
    • 11.1.5.1 Canada Wind Turbine Composites Market Breakdown by Fiber Type
    • 11.1.5.2 Canada Wind Turbine Composites Market Breakdown by Resin Type
    • 11.1.5.3 Canada Wind Turbine Composites Market Breakdown by Technology
    • 11.1.5.4 Canada Wind Turbine Composites Market Breakdown by Application
  • 11.1.6 Mexico Wind Turbine Composites Market Volume and Forecasts to 2030 (Kilo Tons)
  • 11.1.7 Mexico Wind Turbine Composites Market Revenue and Forecasts to 2030 (US$ Million)
    • 11.1.7.1 Mexico Wind Turbine Composites Market Breakdown by Fiber Type
    • 11.1.7.2 Mexico Wind Turbine Composites Market Breakdown by Resin Type
    • 11.1.7.3 Mexico Wind Turbine Composites Market Breakdown by Technology
    • 11.1.7.4 Mexico Wind Turbine Composites Market Breakdown by Application

12. Industry Landscape

• 12.1 Overview
• 12.2 Merger and Acquisition
• 12.3 Partnerships

13. Company Profiles

• 13.1 Avient Corp
  • 13.1.1 Key Facts
  • 13.1.2 Business Description
  • 13.1.3 Products and Services
  • 13.1.4 Financial Overview
  • 13.1.5 SWOT Analysis
  • 13.1.6 Key Developments
• 13.2 Toray Industries Inc
  • 13.2.1 Key Facts
  • 13.2.2 Business Description
  • 13.2.3 Products and Services
  • 13.2.4 Financial Overview
  • 13.2.5 SWOT Analysis
  • 13.2.6 Key Developments
• 13.3 SGL Carbon SE
  • 13.3.1 Key Facts
  • 13.3.2 Business Description
  • 13.3.3 Products and Services
  • 13.3.4 Financial Overview
  • 13.3.5 SWOT Analysis
  • 13.3.6 Key Developments
• 13.4 Owens Corning
  • 13.4.1 Key Facts
  • 13.4.2 Business Description
  • 13.4.3 Products and Services
  • 13.4.4 Financial Overview
  • 13.4.5 SWOT Analysis
  • 13.4.6 Key Developments
• 13.5 Gurit Holding AG
  • 13.5.1 Key Facts
  • 13.5.2 Business Description
  • 13.5.3 Products and Services
  • 13.5.4 Financial Overview
  • 13.5.5 SWOT Analysis
  • 13.5.6 Key Developments
• 13.6 Covestro AG
  • 13.6.1 Key Facts
  • 13.6.2 Business Description
  • 13.6.3 Products and Services
  • 13.6.4 Financial Overview
  • 13.6.5 SWOT Analysis
  • 13.6.6 Key Developments
• 13.7 Hexion Inc
  • 13.7.1 Key Facts
  • 13.7.2 Business Description
  • 13.7.3 Products and Services
  • 13.7.4 Financial Overview
  • 13.7.5 SWOT Analysis
  • 13.7.6 Key Developments
• 13.8 EPSILON Composite SA
  • 13.8.1 Key Facts
  • 13.8.2 Business Description
  • 13.8.3 Products and Services
  • 13.8.4 SWOT Analysis
  • 13.8.5 Key Developments
• 13.9 Exel Composites Oyj
  • 13.9.1 Key Facts
  • 13.9.2 Business Description
  • 13.9.3 Products and Services
  • 13.9.4 Financial Overview
  • 13.9.5 SWOT Analysis
  • 13.9.6 Key Developments
• 13.10 Hexcel Corp
  • 13.10.1 Key Facts
  • 13.10.2 Business Description
  • 13.10.3 Products and Services
  • 13.10.4 Financial Overview
  • 13.10.5 SWOT Analysis

14. Appendix