- Language: English
- 190 Pages
- Published: June 2010
- Region: Global
Growth Opportunities in Wind Energy Market 2009-2014: Materials, Market and Technologies
- Published: May 2009
- Region: Global
- 279 Pages
Wind energy is a rapidly growing market segment of the composites industry. It is the fastest growing energy sector. On average, the global wind energy market has grown over 25% annually over the last ten years. Wind energy new capacity installations worldwide have surged from 39,778 MW in 2003 to 121,613 MW at the end of 2008, representing on an average of 25.5% increase during that time period. The wind energy market is expected to grow at an average rate of 14% per year in terms of new capacity installation in next 5 years. A growing sensitivity for the environment and depleting reserves of fossil fuels are all fueling the growth of wind energy in the 21st century.
The wind energy market provides great opportunities to product manufacturers (gear box, tower, blade, generator, etc.) as well as material suppliers of the composites industry to expand their businesses. As the global wind energy market continues to grow, it is important to know which regions have continued to show growth despite the supply chain issues and rising costs. In addition, it is important to know the market size for materials for the next five years. According to this report, market for composite materials is estimated to reach $3.95 billion by 2014. Wind turbines require the manufacture of large rotor blades, nacelles and other components using wet lay-up, VARTM, prepreg lay-up and other processes.
This unique 279-page report from the author provides all the valuable information and tools that you may need in operating your business successfully in the wind energy market. In today’s global economy, you need every advantage that you can find to keep you ahead in your business. Learn about current and future trends, identify key players, and explore the directions that the wind energy market is heading for.
Features of This Report:
To make any investment, business or strategic decisions, you need timely and accurate information. This market report fulfills this core need. This report discusses market and technology aspects of wind energy market and is an indispensable reference guide for composite material suppliers, product manufacturers, researchers, distributors, investors and many more, who are dealing with the wind energy market. Some of the features of this market report are:
- Global and regional analysis. The market size and growth rates of the wind energy market including North America, Europe, Asia and rest of the world.
- Porters Five Force Analysis for composites opportunities in wind energy market in terms of Supplier Power, Buyer Power, Barriers to Entry, Threat of Substitution and Rivalry.
- Wind energy market forecast until 2014.
- Composite materials consumption in the global wind energy market. Market break down by resins, fibers and core materials.
- Composites consumption by region.
- Composites consumption by manufacturing process.
- Growth trends and forecast (1998-2014) for composites consumption.
- Potential of advanced composites in the global wind energy market.
- Worldwide market sizes of composite rotor blades, towers, and other turbine components.
- Cost, weight and other analysis for blades and towers.
- The most promising current and future manufacturing technologies for blades and other turbine components.
- The top ten turbine manufacturers and their market shares and company profiles.
- List of turbine manufacturers, blade manufacturers, and more with complete contact addresses.
- Driving forces for rapid development in wind energy market.
- Research and technology trends in rotor blades, towers, and more.
- Future and new opportunities in the wind energy market.
- A total of 121 figures/charts and 66 tables presented in this report to help in your business plan.
Benefits of the Report:
Our core competency is in market research and management consulting. In last 10 years, the author has worked on hundreds of market research studies, and we do it better, faster and costeffectively. Our market report offers following benefits.
- It saves you money, as compared to doing research in-house. ($80,000+)
- It saves you time. The author delivers the report in hours vs. months of in-house data collection and report writing.
- It is an un-biased source of industry facts, intelligence and insights.
- It helps you make confident business decisions quickly.
Who Can Benefit From This Report?
The study is intended for material suppliers, compounders, parts fabricators, OEMs, investors, executives and consultants. The multi-client market studies from the author is used by small to multi-national Fortune 500 companies and utilized for a variety of reasons:
- Business development
- Strategic planning
- Business presentation
- Competitive materials analysis
- Market Expansion
- Revenue Planning
- Investment Decision
- Budgeting SHOW LESS READ MORE >
1 Executive Summary
2 Wind Energy: Past, Present and Future
- Quick facts about wind energy
- Types of wind turbines
3 Competitive Analysis among Wind Energy and Other Energy Sources
- Total energy market and role of wind energy in the total energy market
- Cost comparison ($ / kWh) of wind energy with coals and other energy sources
- Benefits of wind energy over other energy sources
4 Global Wind energy Market
- Global market size for the wind energy
- Market and competitive analysis
- Regional analysis Wind energy market in North America, Europe, Asia, and rest of the world Market breakdown by countries Top ten countries in the global wind energy market
- Wind energy market size since 1990 to 2008 and future estimates
- Market size for blades and towers
5 Market Outlook, Forecast and Growth Rates
- Driving forces in the growth of wind energy
- Market growth rates and market forecast until 2014
- Global trends in the wind energy market
6 Turbine Manufactures, Industry Leaders
- Top-ten wind turbine manufactures Market break down by turbine manufacturers
- List of turbine and sub-component manufactures with company addresses and profiles
- List of wind energy developers
7 Composite Materials Consumption in the Wind Energy Market
- Total composites consumption in the global wind energy market
- Market breakdown by fibers, resins, and core materials
- Composite materials consumption by manufacturing process
- Composites consumption by region
- Growth rates and trends in the composites consumption
- Forecast (2009-2014) for composites consumption
8 Top Composites Manufacturing Techniques
- Manufacturing techniques used in the fabrication of blade and other turbine components
- Top manufacturing techniques used in the blade manufacturing
- List of manufacturing process used by various turbines and blade manufacturers
9 Raw Materials Used In the Blade Manufacturing
- Types of raw materials used in rotor blades manufacturing
- List of raw materials used by various turbines and blade manufacturers
- List of raw material suppliers to the wind energy market
10 New Material Demands in Turbine Manufacturing
- Turbine technology has changed during last 20 years With these changes, turbine and blade manufacturers are demanding for new materials for making blades and other turbine components for their future turbines This section describes future material needs for turbine components
11 Structural Components in a Wind Turbine
- Four heavy structural components in a wind turbine and materials used to make these components
- Cost, weight and other analysis of major turbine components
12 Design Aspects of Rotor Blades
- Design aspects of a rotor blade
- Effects of blade weight and length on performance of a turbine
13 Steps in Wind Turbine Installation
- Major steps in the installation of a wind turbine
14 Future New Opportunities in the Wind Energy Market
- There are some applications in a wind turbine, where composite materials are not yet used but have significant future potentials This section describes those opportunities
15 Value Chain Analysis
- Value chain for the wind energy market
- Dollar flow chart through various nodes of the value chain (from raw material to the final application)
- Gross profit ($) in raw materials (reinforcement and resins) market
- Gross profit ($) in wind energy market
- Industry leaders in the value chain
List of Figures
(129 figures / charts as listed below)
Fig. 1.1-Porter’s Five Forces model for the market for wind equipment manufacturers
Fig. 2.1- Vertical Axis Wind turbine
Fig. 2.2- Down wind machine
FIG.3.1- Increase in size of power plants (1911-1980).
Fig. 3.2- Energy consumption in the US for the year 2008
Fig. 3.3 – US Energy Projections for 2013
Fig. 4.1 - Growth in cumulative wind capacity installation in global wind energy market
Fig. 4.2-Total installed capacity by region at the end of 2008
Fig. 4.3- Wind energy market distribution by top 5 countries by the end of 2008
Fig.4.4-New turbine installation by region in year 2008
Fig.4.5-New turbine installation by major countries in year 2008
Fig. 4.6 -Total installed capacity by region by the end of 2007
Fig. 4.7- Wind energy cumulative market distribution by countries, 2007
Fig. 4.8 New turbine installation by region in year 2007
Fig. 4.9- New turbine installation in 2007 by countries
Fig. 4.10- Growth in European Wind Energy Market (2000-2008)
Fig. 4.11- Cumulative wind capacity by European countries in 2008
Fig. 4.12- Market distribution by new wind capacity installation in Europe in 2008
Fig. 4.13- Historical trends in Cumulative wind installations in Germany
Fig. 4.14-Growth trends in Cumulative installed wind energy in Spain
Fig. 4.15- Growth of wind energy market in Denmark
Fig. 4.16- Growth of wind energy market in United Kingdom
Fig. 4.17- Operational wind farms (number of turbines, MW installed) in the UK at the end of 2008
Fig. 4.17- Growth of wind energy markets in Ireland
Fig. 4.18- Growth of wind energy in Netherlands
Fig. 4.19- Growth of wind energy in Italy
Fig. 4.20- Growth of wind energy market in Sweden
Fig. 4.21-Markets for wind energy in North America in 2008
4.22- Growth in the wind energy market in North America
4.23- Growth of wind energy market in the United States
Fig. 4.24- Distribution of U.S. installed MW capacity by state, 2008
Fig. 4.25- Growth in cumulative installed wind energy capacity in Canada
Fig. 4.26-Wind energy market in Asia by countries in 2008
Fig. 4.27- Growth of wind energy capacity in India
Fig. 4.28- Growth of wind energy market in China
Fig. 4.29- Wind energy market in 2008 in the ‘Rest of the world’ category
Fig. 4.30- Blade length for various turbine capacities
Fig. 4.31- Wind energy market distribution by turbine capacity
Fig. 4.32- Average turbine capacity by year (2000-2008)
Fig. 5.1- Country share of the top 5 leading wind markets in 2008
Fig. 5.2- Percentage growth in cumulative wind capacity by major countries in 2008
Fig. 5.3-Trends in global cumulative wind capacity by year (2000-2008)
Fig. 5.4- Trends in new wind capacity installations (2000 to 2008)
Fig. 5.5- Trends (2000-2008) in growth in global cumulative wind capacity
Fig. 5.6- Trends (2003-2008) in the global wind energy equipment market value ($ billion)
Fig. 5.7- Trends (2000-2008) in average turbine capacity (MW) installed
Fig 5.8- Trends (2000-2008) in new wind turbine installations
Fig 5.9- Trends (2000- 2008) in new blade installations
Fig. 5.10 -Trends (2000-2008) in average turbine blade weight
Fig. 5.11- Global market forecast (2009-2014) in cumulative MW wind energy capacity
Fig. 5.12- Forecast for new installations worldwide 2009-2014
Fig. 5.13- Cumulative wind energy capacity forecast by region (2009-2014)
Fig. 5.14- Forecast of average turbine capacities from 2009 to 2014
Fig. 5.15- Forecast (2009-2014) for new turbine installations
Fig. 5.16- Forecast for wind blades installed from 2009 to 2014
Fig. 5.17- Forecast (2009-2014) for average blade weight in lbs
Fig. 5.18- Forecast (2009-2014) for global wind energy market value ($ billion)
Fig. 6.1- Market distribution by MW installed in 2005.
Fig. 6.2 Market distribution by MW installed in 2008
Fig. 6.3- MW of wind capacity installed by turbine manufacturers in 2008
Fig. 6.4-Market share by top 5 industry leaders in 2008
Fig.7.1- Comparing metals, alloys and composites on ideal wind blade material characteristics
Fig. 7.2 – Annual composite materials consumption (million lbs) in the wind energy market
Fig. 7.3 – Trends in market value ($ million) of composite materials consumption in the wind energy market
Fig. 7.4- Composites consumption in wind energy market as compared to other markets
Fig. 7.5- Typical composite materials distribution by turbine components
Fig. 7.6 – Volume of Composite materials consumption by turbine components in 2008
Fig. 7.7- Composites shipment distribution (%) by blade/turbine manufacturer, 2008
Fig. 7.8- Composites shipments (million lbs) by wind blade manufacturers, 2008
Fig. 7.9- Composite materials consumption (%) by type of raw materials used in 2008
Fig. 7.10- Composite materials consumption (million lbs) by type of raw materials used in the wind market in 2008
Fig. 7.11- Composite shipments ($ million) by type of raw materials used in 2008
Fig. 7.12-2008 percentage composites consumption by blade manufacturing technique
Fig. 7.13- Composite shipments (million lbs) by manufacturing techniques in 2008
Fig. 7.14- Recent trends in distribution of wind energy market composites use by blade manufacturing process.
Fig. 7.15- Composites shipment distribution by region in 2008
Fig. 7.16- Composites consumption in Europe, North America, and Asia in 2008
Fig. 7.17-Forecast (2009-2014) for composites consumption (million lbs) in global wind energy market
Fig. 7.18- Forecast (2009-2014) for composites consumption ($ million) in global wind energy market
Fig. 7.19- Forecast for composites consumption by type of materials in 2014
Fig. 7.20- Forecast for composites shipments (million lbs) by regions in 2014
Fig. 7.21- Forecast for composites shipments (million lbs) by turbine components in 2014
Fig. 8.1- Blade shapes showing complex airfoil construction.
Fig. 8.2 Photographs of turbine blades.
Fig. 8.3-Technicians finishing the mold for making blades
Fig. 8.4- Workers finishing the blade surface
Fig. 8.5-Demonstration of blade manufacturing
Fig. 8.6- Process flow in making of rotor blades. Any one of the three processes listed above is used by blade manufacturers.
Fig. 8.7- Composite materials consumption by manufacturing techniques in 2008
Fig. 8.8- Rotor blade market (million lbs) by manufacturing techniques in 2008
Fig. 8.9- Material flow chart for the wet lay-up process.
Fig. 8.10- Material flow chart for the VARTM process
Fig. 8.11- Material flow chart for the Prepreg lay-up process
Fig. 9.1- Summary of composites materials used in the wind market
Fig. 9.2 -Strength comparison of unidirectional E-glass system
Fig. 9.3 -Strength comparison of unidirectional carbon fiber system
Fig. 9.4- Compressive property comparison for various types of core materials (average 6 lb/ft3 density)
Fig. 9.5 -Shear strength comparison of various types of core materials (6 lb/ft3)
Fig. 9.6- Composite materials consumption by type of raw materials used in 2008
Fig. 9.7-Volume shipments of Composite materials in the wind market in 2008
Fig. 10.1- Evolution in the demand for new materials in blade manufacturing
Fig. 10.2- All carbon composite blades for 900 Watt wind turbines
Fig. 11.1- Major structural components of a wind turbine
Fig.11.2- Cost structure of turbine components in a wind turbine
Fig. 11.3 -Tower manufacturing
Fig. 11.4- Blade design where blade surfaces work as structural shells.
Fig. 11.5- Blade design with rectangular spar
Fig. 12.1- Standard blade lengths offered by LM Glasfiber for various turbine capacities
Fig. 12.2- Effect of blade length on the weight of a blade for various LM Glasfiber blades
Fig. 12.3- Blade design with rectangular spar.
Fig. 12.4- Blade design where blade surfaces work as structural shells
Fig. 13.1- Four key steps in installing a wind turbine
Fig. 13.2- Formation of foundation
Fig. 13.3 -Tower installation
Fig. 13.4 -Nacelle installation
Fig. 13.5-Hub and rotor blade installation
Fig. 15.1- Flow chart for the value chain in the wind energy market
Fig. 15.2-Composite materials consumption (million lbs) by type of raw materials used in the wind market in 2008
Fig. 15.3- Composite shipments ($ million) by type of raw materials used in 2008
Fig. 15.4- Turbine manufacturing, material value and value addition ($)
Fig. 15.5- Revenue ($) flow chart through various manufacturing processes
List of Tables
Table 1.1- Market parameters for the wind energy markets and attributes of usage
Table 1.2- Market parameters for raw materials of composites in the Global Wind energy markets and attributes of usage
Table 2.1- Typical Blade Length, Tower Height, and Turbine Height
Table 2.2- Turbine facts of a Vestas 1.65 MW Turbine installed in 2008
Table 2.3- Turbine parameter of a 3MW turbine manufactured by Vestas
Table 3.1- Energy data for the year 2008 for the U.S
Table 3.2- US Energy projection for year 2013.
Table 3.3- Average power plant sizes between 1980 and 2000
Table 3.4- Country wise, wind generated electricity as % of total electricity in 2008
Table: 3.5- Cost comparisons for various resources in 2008
Table 4.1 Worldwide wind energy capacities (cumulative) from 1980 to 1990
Table 4.2 - Worldwide wind energy capacities (cumulative) from 1990 to 2008
Table 4.3- Wind energy capacities by Top 20 countries at the end of 2007 and 2008
Table 4.4- Ranking of countries in terms of cumulative wind capacity (2006 to 2008)
Table: 4.5- Growth of Wind Energy in Europe (in MW)
Table 4.6 - Ranking of countries in Europe in terms of cumulative wind capacity
Table 4.7- Growth of Wind Energy in Germany (in MW)
Table 4.8- Growth of Wind Energy in Spain (in MW)
Table 4.9- Growth of Wind Energy in Denmark (in MW)
Table 4.10- Growth of Wind Energy in the United Kingdom (in MW)
Table: 4.11-Growth of wind energy in Ireland
Table 4.12 -Growth of Wind Energy in the Netherlands (in MW)
Table 4.13- Growth of wind energy market in Italy (in MW)
Table 4.14- Growth of Wind Energy in Sweden (in MW)
Table 4.15-Growth of wind energy market in the US
Table 4.16- Operational wind farms in Sweden, 2008
Table 4.17- Growth in Turbine statistics in the US
Table 4.18–New turbines installed by Turbine Manufacturers in 2008
Table 4.19- Turbine Supplier Market Share by number of turbines installed in 2008, for the US market
Table 4.20- Canadian wind market capacity- 2005 to 2008
Table 4.21- Wind farms in Canada
Table 4.22- Growth of Wind Energy in India (in MW)
Table 4.23- Growth of Wind Energy in China,2005-2008
Table 4.24- Weight of turbine components for various standard Vestas turbines
Table 4.25- Cost breakup for initial capital investment in a 1.5MW wind turbine
Table 5.1 -Growth rates in worldwide cumulative wind energy capacities from 1990 to 2008
Table 5.2- Comparing average wind capacity growth rates in over different historical periods
Table 5.3- Trends in growth in cumulative wind capacity, annual installation for the top wind producing countries
Table 5.4- Percentage growth in new MW installation (2000-2008)
Table 5.5 - Growth forecast (2009-2014) for new capacity as well as cumulative capacity
Table 5.6- Wind energy market forecast (2009-2014) by region
Table 6.1-Industry leaders and their market share in 2007 and 2008
Table 6.2- Unit and MW of Vestas turbines delivered by 2008
Table 6.3-Summary of blade length and materials used in Vestas Turbines
Table 6.4- Summary of Gamesa wind turbines
Table 6.5- Different types of Mitsubishi turbines
Table 6.6- Summary of GE Wind Turbines
Table 6.7- Summary of Nordex Turbines
Table 6.8- Summary of Sulzon Turbines
Table 6.9- Summary of Synergy Turbines
Table 6.10- Summary of Jacobs wind turbines
Table 6.11- Summary of LM Rotor Blades
Table 7.1- Typical epoxy resin properties for rotor blades
Table 7.2- Summary of raw materials used by turbine / blade manufacturers
Table 7.3- Summary of manufacturing techniques used by blade manufacturers
Table 8.1- Summary of manufacturing techniques used by blade manufacturers
Table 9.1 Properties of fibers and conventional bulk materials.
Table 9.2- Typical epoxy resin properties for rotor blades
Table 9.3- Comparative data for balsa, and PVC core materials
Table 9.4- Summary of raw materials used by turbine / blade manufacturers
Table 10.1 Average turbine statistics for 2006 and 2008
Table 10.2- Blade parameter for a carbon blade (ATV 25)
Table 10.3 - List of turbine and blade manufacturers using carbon fiber.
Table 11.1 -Weights of turbine components for various Vestas turbines
Table 14.1- Weights of turbine components for various Vestas’ standard turbines
Long Term Growth Opportunities from the Wind Energy Market: How to Profit from the Changes
Today, organizations are increasingly challenged with balancing their short term and long term needs. In recent times due to the economic downturn, many companies are focusing more time on meeting their short term needs – trying to survive the downturn by cutting cost, reducing staff, and increasing productivity. In this challenging situation, it is important for companies to maintain long term focus as well so that when upturn arrives, they can profit from it. In the current market environment, the wind energy market fulfills the long term needs for many companies because of double digits growth rates for next 10 years and perception as a green technology while avoiding dependence upon foreign oil. According to the author’s estimates, the wind turbine market will reach $91 billion per year in 2014.
There is a big push from governments around the world to make wind a significant source of electrical energy. For example, U.S. president Barack Obama’s plan is to have 10% of US electricity coming from renewable energy sources by 2012 and 25% by 2025. Similarly, the Chinese government is aiming at raising the country's wind power capacity to 100 GW by 2020, providing annual growth rates of 20% for the wind market during this period.
The author has launched following three market reports recently to position your company well from the long term growth opportunities in the wind energy market.
- Growth Opportunities in Wind Energy Market 2009-2014: Materials, Market and Technologies
- Opportunity Assessment for Maintenance, Repair & Overhaul in the Global Wind Energy Market: Trends, Forecasts & Economic Analysis 2008-2013
- Future Material Needs for the Global Wind Energy Market, 2009-2014
According to market report titled “Growth Opportunities in Wind Energy Market 2009-2014”, the market for composite materials was $1.8 billion in 2008 and is forecast to reach $3.8 billion annually in 2014. Increase in turbine size and longer blades are driving penetration of high performance materials in wind market. The author offers growth strategy consulting that can help your company position into this globally competitive market space.
The author has been tracking the wind energy market for the last four years and has used the following sources for the completion of this valuable report.
- In-depth personal and telephone interviews of material suppliers and molders/ manufacturers of rotor blades and turbines.
- In-depth research on companies involved in the wind energy market.
- Extensive search of current published literature, market and database information including news, articles published in the CompositesWeek newsletter.
- A compilation of the experiences, judgments, and insights of our professionals, who have analyzed and tracked composites market over the years.
The author collects a lot of unintelligent data from a variety of sources and converts into intelligent data as follows. The intelligent data is used by our clients for making confident business decisions.