Opportunities for Composites in Asia Pacific Wind Energy Industry – 2017
Hyderabad, India, July 04, 2012 –(PR.com)– According to Composite Insights’ latest market study, the consumption of composite materials is forecast to decelerate through 2017 in Asia Pacific Wind Energy Industry.
For the second year running, the majority of new installations were outside the Europe and America. In 2011 Asia Pacific was the largest wind market in the world, with over 21.5 GW capacity addition. It is estimated by Composite Insights that Asia Pacific will continue to be the world’s largest market through 2017. In Asia Pacific, there are more than 50 blade manufacturers involved in developing wind turbine blades and most of them are very small with product portfolio of 1 – 3 small size blades.
Asia Pacific will continue to be the world’s largest market with far more new installations than any other region, installing 135 GW between 2012 and 2017. Asia Pacific wind energy market is dominated with standard utility-scale wind turbines (0.75 MW to 2 MW). These turbines fitted with three blades of 30 to 50 m (100-165 ft) in length. The wind energy industry is one of the fastest growing consumers of composite materials in the world. Composite Insights believes there is an enormous opportunity for raw materials used in the fabrication of composite blades in Asia Pacific Wind Energy Industry.
Following domestic demand growth for wind turbine blades, nacelle covers and nose cones, the demand for composite materials in the Asia Pacific Wind Energy industry is expect to cross 1000 million lbs in 2017 in terms of volume shipments.
Composite Insights is a full service Custom and Syndicated Research firm based in Hyderabad, India. For more information on this innovative research, please visit www.compositeinsights.com.
Composite Insights Pvt. Ltd.