Global Wind Turbine Blade Recycling Market is valued at approximately XX in 2021 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2022-2028.The blades of wind turbines are made of fibreglass composite, which is difficult to recycle or reuse. These blades are currently dumped in landfills, which is not a green solution. As a result, businesses are focusing on developing better solutions or methods for recovering these blades that are simple, environmentally friendly, and cost-effective.Reusable materials such as steel and other valuable metals are recovered during the decommissioning process. Material recycling reduces waste while also providing economic benefits.The global wind turbine blade recycling market is driven by rapid industrialization and urbanisation. The increase in the number of industries is driving up electricity demand. To meet this demand, wind turbines are being considered. As a result, an increase in the number of wind turbines is expected to result in more wind turbine scrap. Consequently, the global wind turbine blade recycle market is expected to be driven by industrialization and urbanisation over the forecast period.A major factor driving the global wind turbine scrap market is the implementation of stringent government regulations to reduce carbon emissions. Government incentive programmes that encourage the installation of wind turbines are also boosting the market. Furthermore, due to environmental concerns, the majority of industries and government bodies are focusing on wind turbines for electricity generation.Furthermore, significant investment in R&D would be needed to develop the technology. However, plastic polymer blades pose a special challenge for the market growth.
The key regions considered for the global Wind Turbine Blade Recycling market study include: Asia Pacific, North America, Europe, Latin America, and Rest of the World.During the forecast period, Asia Pacific is expected to dominate the global wind turbine blade recyclingmarket. The development of new wind farms in Asia Pacific has contributed to the region's dominance. Furthermore, in Asia Pacific, the development of infrastructure related to wind farms is accelerating. Whereas, Europe is expected to grow with the highest CAGR.Increasedgovernment policies to promote wind energy production in Europe are expected to propel the wind turbine scrap market in the region.
Major market players included in this report are:
- Aker Offshore Wind
- GE
- Vestas
- Siemens Gamesa Renewable Energy
- Enel Green Power
- Shandong Longneng
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
ByType:
- Physical Recycling
- Chemical Recycling
By Application:
- Material Recycling
- Blade Reuse
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
Furthermore, years considered for the study are as follows:
- Historical year - 2018, 2019, 2020
- Base year - 2021
- Forecast period - 2022 to 2028
Target Audience of the Global Wind Turbine Blade RecyclingMarket in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
- Investors
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
- 1.2.1. Wind Turbine Blade Recycling Market, by Region, 2020-2028 (USD Billion)
- 1.2.2. Wind Turbine Blade Recycling Market, by Type,2020-2028 (USD Billion)
- 1.2.3. Wind Turbine Blade Recycling Market, by Application,2020-2028 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Wind Turbine Blade Recycling Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Wind Turbine Blade Recycling Market Dynamics
- 3.1. Wind Turbine Blade Recycling Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand for renewable energy
- 3.1.1.2. Increasing demand to lower carbon footprint
- 3.1.2. Market Challenges
- 3.1.2.1. plastic polymer blades pose a special challenge
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing number of strategic alliance
Chapter 4. Global Wind Turbine Blade Recycling Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2028)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
- 4.5. Top investment opportunity
- 4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1.1. Assessment of the overall impact of COVID-19 on the industry
- 5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Wind Turbine Blade Recycling Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Wind Turbine Blade Recycling Market by Type, Performance - Potential Analysis
- 6.3. Global Wind Turbine Blade Recycling Market Estimates & Forecasts by Type, 2018-2028 (USD Billion)
- 6.4. Wind Turbine Blade Recycling Market, Sub Segment Analysis
- 6.4.1. Physical Recycling
- 6.4.2. Chemical Recycling
Chapter 7. Global Wind Turbine Blade Recycling Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Wind Turbine Blade Recycling Market by Application, Performance - Potential Analysis
- 7.3. Global Wind Turbine Blade Recycling Market Estimates & Forecasts by Application, 2018-2028 (USD Billion)
- 7.4. Wind Turbine Blade Recycling Market, Sub Segment Analysis
- 7.4.1. Material Recycling
- 7.4.2. Blade Reuse
Chapter 8. Global Wind Turbine Blade Recycling Market, Regional Analysis
- 8.1. Wind Turbine Blade Recycling Market, Regional Market Snapshot
- 8.2. North America Wind Turbine Blade Recycling Market
- 8.2.1. U.S.Wind Turbine Blade Recycling Market
- 8.2.1.1. Typebreakdown estimates & forecasts, 2018-2028
- 8.2.1.2. Application breakdown estimates & forecasts, 2018-2028
- 8.2.2. CanadaWind Turbine Blade Recycling Market
- 8.3. Europe Wind Turbine Blade Recycling Market Snapshot
- 8.3.1. U.K. Wind Turbine Blade Recycling Market
- 8.3.2. Germany Wind Turbine Blade Recycling Market
- 8.3.3. France Wind Turbine Blade Recycling Market
- 8.3.4. Spain Wind Turbine Blade Recycling Market
- 8.3.5. Italy Wind Turbine Blade Recycling Market
- 8.3.6. Rest of EuropeWind Turbine Blade Recycling Market
- 8.4. Asia-PacificWind Turbine Blade Recycling Market Snapshot
- 8.4.1. China Wind Turbine Blade Recycling Market
- 8.4.2. India Wind Turbine Blade Recycling Market
- 8.4.3. JapanWind Turbine Blade Recycling Market
- 8.4.4. Australia Wind Turbine Blade Recycling Market
- 8.4.5. South Korea Wind Turbine Blade Recycling Market
- 8.4.6. Rest of Asia PacificWind Turbine Blade Recycling Market
- 8.5. Latin America Wind Turbine Blade Recycling Market Snapshot
- 8.5.1. Brazil Wind Turbine Blade Recycling Market
- 8.5.2. Mexico Wind Turbine Blade Recycling Market
- 8.6. Rest of The World Wind Turbine Blade Recycling Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. Company Profiles
- 9.2.1. Aker Offshore Wind
- 9.2.1.1. Key Information
- 9.2.1.2. Overview
- 9.2.1.3. Financial (Subject to Data Availability)
- 9.2.1.4. Product Summary
- 9.2.1.5. Recent Developments
- 9.2.2. GE
- 9.2.3. Vestas
- 9.2.4. Siemens Gamesa Renewable Energy
- 9.2.5. Enel Green Power
- 9.2.6. Shandong Longneng
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption