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風力發電

市場調查報告書

商品編碼

1619510

按材料類型、尺寸、應用、地區、機會和預測對印度風力渦輪機轉子葉片市場進行評估（2018 年至 2032 年）

India Wind Turbine Rotor Blade Market Assessment, By Material Type, By Size, By Application, By Region, Opportunities and Forecast, FY2018-FY2032F

出版日期: 2024年12月23日 | 出版商:

Market Xcel - Markets and Data | 英文 127 Pages | 商品交期: 3-5個工作天內

價格

簡介目錄圖表

印度風力渦輪機轉子葉片市場規模預計將從 2024 年的 20.5 億美元增長到 2032 年的 38.6 億美元，在 2025-2032 年預測期內的複合年增長率為 8.23%。近年來市場表現出顯著的成長，預計未來仍將保持強勁的擴張步伐。

由於向再生能源的轉變、風力渦輪機技術的進步、對陸上風電項目的投資增加以及政府對國內生產的支持等多種因素，預計市場將大幅增長。印度正在探索新技術，以增加風能領域的再生能源發電，從而推動風電葉片技術的進步，成為有效利用風能資源的可行解決方案。

公共和私營部門正在投資建設新的風力發電項目併升級舊的風力發電系統，以滿足該國對再生能源日益增長的需求。此外，政府和上級部門推出的支持性和鼓勵性政策對於未來幾年擴大風力渦輪機轉子葉片的市場規模至關重要。

此外，旋翼葉片技術的改進使其在各種環境下具有更高的穩定性和性能。各國政府正在考慮部署海上風力渦輪機項目，預計這將在預測期內為風力渦輪機轉子葉片市場創造更多機會。此外，風力渦輪機公司正在合作使用創新的葉片技術，以降低維護成本並使專案更具成本效益，預計這將在未來幾年進一步推動風力渦輪機轉子葉片市場的成長。

例如，根據全球風能理事會的數據，印度的離岸風電市場預計將在2027 年加速發展，年裝置容量將從2022 年的1.8 吉瓦成長到2024 年的3.7 吉瓦。年達到570 萬千瓦。總體而言，印度風電市場在 2023-2027 年期間提供了 21.2 吉瓦的安裝機會。這一發展凸顯了未來幾年對風力渦輪機轉子葉片的需求不斷增加。

本報告對印度風力渦輪機轉子葉片市場進行了深入分析，包括市場規模、預測、市場動態和參與者概況。

五大市場領導者的競爭矩陣
前 5 家公司的 SWOT 分析
十大主要公司的現狀
- Suzlon Energy Limited
- Vestas Wind Technology India Private Limited
- Inoxwind Limited
- RRB Energy Limited
- LM Wind Power Blades (India) Private Limited
- Senvion India Private Limited
- Wind World (India) Ltd.
- Sany Heavy Industry India Private Limited
- JSW Energy Limited
- Indutch Composites Technology Private Limited

第 12 章策略建議

第 13 章關於我們，免責聲明

簡介目錄圖表

Product Code: MX12475

India wind turbine rotor blade market is projected to witness a CAGR of 8.23% during the forecast period FY2025- FY2032F, growing from USD 2.05 billion in FY2024 to USD 3.86 billion in FY2032. The market has experienced significant growth in recent years and is expected to maintain a strong pace of expansion in the coming years.

The wind turbine rotor blade market is poised for substantial growth due to several factors such as renewable energy transition, technological advancements in wind turbines, rising investments in onshore wind projects and government support for domestic production significantly drive the market growth over the coming years. India is looking for new technologies to increase renewable energy generation from the wind energy sector and bring advancement in the rotor blades, which is becoming a viable solution for harnessing wind resources effectively.

Both public and private sectors are involved in investments in building new wind projects and updating old wind systems to fulfill the rising demand for renewable energy in the country. In addition, the government and higher authorities are introducing supportive policies and incentive plans, which are crucial in driving the wind turbine rotor blade market size in the coming years.

Furthermore, improvements in rotor blade technologies enable better stability and performance in different environments. The government is looking to deploy wind turbine projects at offshore locations, which will further create opportunities for the wind turbine rotor blade market in the forecast period. In addition, wind turbine companies are looking to collaborate to use innovative blade technology to lower maintenance and increase the cost-effectiveness of the projects, which will further boost the growth of the wind turbine rotor blade market in the coming years.

For instance, as per the Global Wind Energy Council, the Indian offshore wind market is expected to accelerate towards 2027 with annual installations increasing from 1.8 GW in 2022 to 3.7 GW in 2024 and a target to reach 5 GW in 2025. Overall, India's wind market offers an opportunity for 21.2 GW of installations from 2023-2027. This development highlights the rise in the demand for wind turbine rotor blades in the coming years.

Rising investment in Renewable Energy Amplifying the Market Growth

The increase in focus on shifting towards renewable sources of energy to combat global warming and decrease carbon emissions through environmental factors is fuelling investment in renewable sources of energy, such as wind power. The increase in investment in renewable energy sources in the country has led to a surge in the production of wind turbine rotor blades. The ambitious targets set such as net zero emissions and less carbon emissions have been leading people to opt for renewable energy solutions, thus raising the demand for high-quality rotor blades for wind turbines across the market to achieve the objective.

The rotor blades are a critical component in the wind turbine system. The efficient rotor blades are able to harness wind energy which assists the system to generate more renewable energy at a cost-effective rate. Moreover, India is looking for diverse ways to generate renewable energy which help to address energy demands and contribute significantly to sustainability goals and economic resilience. Currently, the country has vast untapped potential for wind energy which creates a positive outlook for the expansion of the wind power market, hence, driving the growth of the wind turbine rotor blade market in coming years. In addition, India is looking to invest in wind energy generation projects in different geographic of the country to boost renewable energy generation which contribute to the growth of the wind turbine rotor blade market.

For instance, in November 2024, as per the New and Renewable Energy Ministry, the installed capacity of wind energy in October 2023 was 44.29 GW, which increased to 47.72 GW in October 2024 at an increasing rate of 7.8%. Furthermore, investment in wind projects is increasing, which will drive the demand for wind turbine rotor blades in the market.

Adoption of Technological Advancements Proliferating Market Size

The demand for rotor blades is significantly increasing in the renewable energy sector due to the adoption of advanced technologies for the designing and manufacturing of wind turbine rotor blades. The innovative technology helps the manufacturer in the production of advanced aerodynamic rotor blade modes which are capable of optimizing wind capture and increase the renewable energy generations. The innovations in blade design focus on maximizing lift while minimizing drag, which leads to higher energy output from the wind turbine. Moreover, the advanced technology is able to design longer blades for the larger turbines which can reach up to 100 meters or more, allowing turbines to harness more wind energy.

The advanced technology in blade manufacturing includes the use of lightweight and durable materials such as carbon fiber which enhances rotor efficiency and power generation performance. The lightweight blades are made of strong composite materials which reduce the overall weight of blades without compromising strength. The adoption of innovative materials and techniques for larger blade production helps the turbine to operate efficiently under various wind conditions. The adoption of innovative techniques makes wind energy more competitive compared to other sources of energy.

Furthermore, the adoption of manufacturing techniques which include automated processes and advanced tooling assists in reducing production time and costs which makes the market more competitive with others. The upcoming changes in production techniques will increase the demand for advanced rotor blades to support renewable energy production goals in the coming years.

Thus, the adoption of advanced materials and techniques in blade production will drive the wind turbine rotor blade market trends in the coming years.

For instance, February 2023, Vestas India have presented a new solution that renders epoxy-based turbine blades as circular, without the need for changing the design and help in the production of large blades for wind turbine. This development will help in the market growth in near future.

Government Initiatives and Policies Create Market Opportunity

The Indian government is looking to implement new policies and come up with an initiative which aimed at uplifting the production of wind turbine rotor blades, thereby enhancing the overall wind energy sector in the coming years. Government and higher authorities have commenced various subsidies and financial assistance programs and plans for manufacturers to invest in wind energy technologies which include rotor blades, towers, and nacelle. The incentives offered by the government help lower initial investment costs and improve the profitability of the manufacturers.

Furthermore, the government is looking at various policies to facilitate the repowering of older wind turbines. The policy includes upgrading rotor blades to enhance the capacity and efficiency of the wind turbine which drives demand for new rotor blade technologies in the market. In addition, The Ministry of New and Renewable Energy (MNRE) looking to invest in renewable energy projects including wind energy capacity. The rise in government investment will help the manufacture of forward-looking plans for production schedules in the coming years.

Moreover, the Indian government is promoting the adoption of wind energy and creating a variety of initiatives and plans for developing offshore wind projects, which are expected to unlock significant potential demand for the wind turbine rotor blads market in the forecast period.

For instance, the government provides concessional custom duty certificates (CCDCs) to manufacture the production of critical components required for the wind turbine sector. The main of certificates is to reduce the cost of imported materials necessary to produce rotor blades. The initiative helps to encourage domestic manufacturing in the country.

For instance, as per the India wind power, the Government of India has announced a laudable Renewable Energy target of 500 GW by 2030 out of which 140 GW will be coming from wind power. Reaching the wind power target will require an addition of more that 5GW per annum in the country. This development supports the growth of wind turbine rotor blade market in the coming years.

Onshore Segment to Dominate the Market Share

Onshore wind projects have a high investment in the current and forecast period which makes the segment dominate the market. Several reasons are supporting the growth of onshore wind projects which include favourable policies and technological advancements which will increase the renewable energy generation. The government offers several financial incentives for the development of onshore wind projects, which in turn makes the investments attractive for the developers.

Besides, the future policies including the renewable purchase obligation mandate the utility sector to purchase a specific percentage of energy from onshore wind energy plants which boosts the onshore wind turbine market. Furthermore, the National Wind-Solar Hybrid Policy encourages the integration of onshore wind and solar power projects to optimize resource utilization which further continues the demand for efficient wind turbine rotor blades in the market.

West and Central Regions Lead the Wind Turbine Rotor Blades Market

West and Central regions dominate the market share of wind turbine rotor blades market and will likely continue during the forecast period. As the government promotes renewable development to meet the climate target and reduce carbon emissions, it is further encouraging wind energy projects to develop across the region which leads to the growth of the market for wind turbine rotor blades. Significant investment in wind energy generation technologies is also undertaken by the state government to increase investments also boost financial incentives and grants in areas. Investment from both local and international sources is coming in the wind power projects which fuels up the market expansion for the rotor blades within the wind turbine region.

Moreover, collaboration between government agencies and private organizations has resulted in the development of many wind projects that have further stimulated the rotor blades market in the region.

Future Market Scenario (FY2025 - FY2032F)

Massive investments in wind energy technologies are creating the wind turbine rotor blade market growth in coming years.

Governments are focusing on investment and modernizing the wind power plant which fosters market growth in the forecast period.

Ongoing technological innovations are enhancing the efficiency and reliability of wind turbine blades which creates the opportunity for the market.

A rise in investment in both onshore and offshore wind projects will contribute to the rise in demand for wind turbine rotor blades in the market.

Key Players Landscape and Outlook

The market participants in wind turbine rotor blades are facing fierce competition to gain a competitive edge. Companies are investing a hefty sum towards the technological advancements of wind turbine rotor blades and forming strategic alliances to properly exploit networks and cost-cutting measures. The competitive environment fosters ongoing enhancement and innovation, enabling firms to address the increasing demand more effectively for sustainable energy solutions while optimizing the use of wind turbine rotor blades.

For instance, in October 2024, JSW Energy Limited decided to enter into a technology licensing agreement with SANY Renewable Energy Co. Ltd for the manufacturing of wind turbine blades in India for captive usage. This development showcases the adoption of new technology for the production of wind turbine rotor blades being exchanged between the companies.

For instance, in March 2023, Vestas and Vibrant Energy signed an agreement to establish two wind projects in India. Vestas will supply a total of 36 V155-3.6 MW turbines. This development highlights the Vestas continues to solidify its position as a reliable and trusted partner in sustainable energy solutions in India.

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

4.1. Respondent Demographics
4.2. Factors Considered in Purchase Decisions
- 4.2.1. Cost
- 4.2.2. Efficacy
- 4.2.3. Durability
- 4.2.4. Capacity
- 4.2.5. Blade Material

5. India Wind Turbine Rotor Blade Market Outlook, FY2018-FY2032F

5.1. Market Size Analysis & Forecast
- 5.1.1. By Value
5.2. Market Share Analysis & Forecast
- 5.2.1. By Material Type
  - 5.2.1.1. Glass Fibre
  - 5.2.1.2. Carbon Fibre
  - 5.2.1.3. Others
- 5.2.2. By Size
  - 5.2.2.1. Up-to 27 Meters
  - 5.2.2.2. 28-37 Meters
  - 5.2.2.3. 38-50 Meters
  - 5.2.2.4. More Than 50 Meters
- 5.2.3. By Application
  - 5.2.3.1. Onshore
  - 5.2.3.2. Offshore
- 5.2.4. By Region
  - 5.2.4.1. North
  - 5.2.4.2. South
  - 5.2.4.3. East
  - 5.2.4.4. West and Central
- 5.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
5.3. Market Map Analysis, FY2024
- 5.3.1. By Material Type
- 5.3.2. By Size
- 5.3.3. By Application
- 5.3.4. By Region

All segments will be provided for all regions covered

6. Porter's Five Forces Analysis

7. PESTLE Analysis

8. Market Dynamics

8.1. Market Drivers
8.2. Market Challenges

9. Market Trends and Developments

10. Case Studies

11. Competitive Landscape

11.1. Competition Matrix of Top 5 Market Leaders
11.2. SWOT Analysis for Top 5 Players
11.3. Key Players Landscape for Top 10 Market Players
- 11.3.1. Suzlon Energy Limited
  - 11.3.1.1. Company Details
  - 11.3.1.2. Key Management Personnel
  - 11.3.1.3. Products and Services
  - 11.3.1.4. Financials (As Reported)
  - 11.3.1.5. Key Market Focus and Geographical Presence
  - 11.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
- 11.3.2. Vestas Wind Technology India Private Limited
- 11.3.3. Inoxwind Limited
- 11.3.4. RRB Energy Limited
- 11.3.5. LM Wind Power Blades (India) Private Limited
- 11.3.6. Senvion India Private Limited
- 11.3.7. Wind World (India) Ltd.
- 11.3.8. Sany Heavy Industry India Private Limited
- 11.3.9. JSW Energy Limited
- 11.3.10. Indutch Composites Technology Private Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

12. Strategic Recommendations

13. About Us and Disclaimer

簡介目錄圖表

List of Tables

Table 1. Pricing Analysis of Products from Key Players
Table 2. Competition Matrix of Top 5 Market Leaders
Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

Figure 1. India Wind Turbine Rotor Blade Market, By Value, In USD Billion, FY2018-FY2032F
Figure 2. India Wind Turbine Rotor Blade Market Share (%), By Material Type, FY2018-FY2032F
Figure 3. India Wind Turbine Rotor Blade Market Share (%), By Size, FY2018-FY2032F
Figure 4. India Wind Turbine Rotor Blade Market Share (%), By Application, FY2018-FY2032F
Figure 5. India Wind Turbine Rotor Blade Market Share (%), By Region, FY2018-FY2032F
Figure 6. By Material Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
Figure 7. By Size Map-Market Size (USD Billion) & Growth Rate (%), FY2024
Figure 8. By Application Map-Market Size (USD Billion) & Growth Rate (%), FY2024
Figure 9. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024

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