Europe Rotor Blade Market Size (2024 - 2029)

Europe Rotor Blade Market Analysis

The Europe Rotor Blade Market size is estimated at USD 5.91 billion in 2024, and is expected to reach USD 8.56 billion by 2029, growing at a CAGR of 7.69% during the forecast period (2024-2029).

• Over the medium term, factors such as the growing number of offshore and onshore wind energy installations, the declining cost of wind energy, and increasing investments in the wind power sector are anticipated to drive the Europe rotor blade market during the forecast period.
• On the other hand, factors such as the accompanying high cost of transportation and cost competitiveness of alternate clean power sources like solar power, hydropower, etc., can potentially restrain the market growth during the forecast period.
• Nevertheless, the wind power business has sought cost-effective solutions, and a highly efficient product has the ability to alter the industry's dynamics. There were instances where old turbines were replaced not owing to damage but because more effective blades were sold in the market. Thus, technological advancements eventually create a wonderful opportunity for the market of rotor blades.

Europe Rotor Blade Industry Segmentation

Rotor blades are the key components of wind turbines, as they are in direct contact with high-speed winds. Rotor blades convert the wind's kinetic energy into rotational energy, which is later converted into electrical energy.

Europe's rotor blade market is segmented by location of deployment, blade material, and geography. By location of deployment, the market is segmented into onshore and offshore. By blade material, the market is segmented by carbon fiber, glass fiber, and other blade materials. The report also covers the market size and forecasts for the rotor blade market across significant countries in the region. For each segment, the market sizing and forecasts have been done based on revenue (USD).