{"id":4991,"date":"2020-04-20T21:12:00","date_gmt":"2020-04-20T21:12:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2521325"},"modified":"2020-04-20T21:12:00","modified_gmt":"2020-04-20T21:12:00","slug":"wind-turbine-rotor-blades-market-to-register-incremental-dollar-opportunity-during-covid-19-crisis","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/04\/20\/wind-turbine-rotor-blades-market-to-register-incremental-dollar-opportunity-during-covid-19-crisis\/","title":{"rendered":"Wind Turbine Rotor Blades Market to Register Incremental Dollar Opportunity During COVID-19 Crisis"},"content":{"rendered":"

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The global wind turbine rotor blade market is expected to surpass US$ 7 Bn in revenues by 2017-end. The market is anticipated to grow at a CAGR of 21.2% during the period 2017-2025 and reach nearly US$ 33 Bn in revenues.<\/p>\n

According to Persistence Market Research (PMR), global wind energy installations have increased from 282.2 GW in 2012 to 486.7 GW in 2016. This is positively impacting the growth of the global wind turbine rotor blade market.<\/p>\n

Increasing emphasis on wind power generation, combined with favorable government policies and assistance are also contributing to steady adoption of wind turbine rotor blades. Feed-in-tariffs and generation-based incentives enticing venture capitalists to invest in this fledgling market.<\/p>\n

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Request For Sample Report@ https:\/\/www.persistencemarketresearch.com\/samples\/15535<\/a><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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According to PMR’s report, wind energy harnessing was concentrated in developed regions; however, it is now being steadily adopted in emerging regions of Asia, Africa, and Latin America. Emphasis on wind energy is also expected to receive a fillip from the long-term target adopted by Climate Change Conference of the Parties (COP21).<\/p>\n

Although PMR maintains a positive outlook on the global wind turbine rotor blade market, technological competition with solar panels, combined with public issues surrounding wind project management can impede growth in the long-term.<\/p>\n

The key opportunities identified by Persistence Market Research include offshore wind system installations and development of carbon composite wind turbine rotor blades.<\/p>\n

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Key trends shaping the global wind turbine rotor blade market include,<\/strong><\/p>\n