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Future Material Needs for the Global Wind Energy Market, 2008-2013
Lucintel, Jan 2009, Pages: 113
We believe there is enormous opportunity for suppliers of composite materials in the fabrication of wind blades and other wind turbine components now and in the future. As larger turbines are built and installed in more difficult environments, there is an overriding requirement to reduce blade weight, putting more emphasis on the need for stronger and lighter materials, improved blade design, and more efficient processing. Consequently, there will be a need for improved properties and/or performance from current and/or alternative materials used.
Finally, to make wind energy more competitive with other power generation technologies, cost reduction is necessary, all the way from raw materials through fabrication, assembly, installation and operation. We analyze the impact of efficient design and better performing materials on the final costs of wind production.
According to our research, wind energy markets are expected to grow at an average rate of 13.8% per year in terms of new capacity installation in next 5 years alone. This robust growth is expected to drive production of new turbines and consequently impact the demand for composites which is expected to grow to 1,243 million lbs by 2013 at an annual growth rate of 18%. This opens up growth opportunities for existing as well as new players in this booming industry.
Composite material suppliers will benefit from the snapshot that this report provides in terms of market sizing, forecasts for composites in wind applications, drivers for growth in materials consumption and challenges for new material suppliers entering this market. This report is also indispensable for wind equipment manufacturers, particularly blade manufacturers to understand new material developments, changing nature of manufacturing processes and its implications on blade material selection.
This unique 118-page research will provide an understanding of the future property, performance and processing requirements for materials used in blades and other wind turbine components from the viewpoint of major turbine manufacturers, as well as the key strategic opportunities and players within this sector.
Features of This Report:
To make any investment, business or strategic decisions, businesses need timely and adequate information. This market report fulfills this core need. This is an indispensable reference guide for wind material suppliers, wind equipment manufacturers, investors, researchers, engineers, distributors and many more, who participate in the wind materials industry. Some of the key features of this market report are:
Overview of the global wind energy market and growth forecasts
- Trends and forecast for overall market for composites in wind applications
- Trends and driving forces in blade design, fabrication and material technologies
- Key raw material property specifications, performance criteria and pricing
- Use of materials by the different processing techniques of open /closed mold and prepreg
- Competitive intelligence to understand currently offered materials suited for different types of manufacturing techniques
- New product developments in composites for wind blades
- Future demands and/or targets regarding material performance and blade weight
- Understanding of the impact of material selection and turbine design on reducing cost of producing wind energy
- Market entry opportunities and challenges for new material suppliers leading to our strategic recommendations
Benefits of Report:
Our core competency is market research and management consulting. In the last 10 years, we have worked on hundreds of market research studies, and we do it better, faster and more cost effectively than others. Our market report offers following benefits:
- It saves you money, as compared to doing research in-house. ($80,000+)
- It saves you time. We deliver the report in hours vs. months of in-house data collection and report writing.
- It is an un-biased source of industry facts, intelligence and insights.
- It helps you make confident business decisions quickly.
Who Can Benefit From This Report?
The study is intended for composite materials suppliers, wind equipment manufacturers, research & development agencies, executives and consultants. The multi-client market studies from us are used by small to multi-national Fortune 500 companies and utilized for a variety of reasons:
- Business development
- Strategic planning
- Business presentation
- Competitive materials analysis
- Market Expansion
- Revenue Planning
- Investment
- Decision Budgeting
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