Asia Pacific is the fastest growing region in the wind turbine composites market. According to the Global Wind Energy Council, China alone has installed 23.4 GW of new capacity. The growing market in China is a result of a vision to become energy dependent and sustainable. However, China is highly dependent on hydrocarbon imports from Middle East countries. Also, concerns regarding air quality due to coal emissions has led to the shift towards the use of renewable energy.

Ask for detailed Sample of the Research Report @

https://www.coherentmarketinsights.com/insight/request-sample/791

Europe saw an increase of 1,558 MW of offshore wind installations. Germany and U.K are the major players in the European wind energy market. Strict regulation regarding emissions and carbon footprint has resulted in increased renewable energy development. In 2016, wind energy crossed coal to become the second largest power generator after natural gas.

North America is a major player in wind energy. The Southwest Power Pool which provides power to 14 states in the central U.S was served by wind energy for 52.1% of the grid’s load. Although, low shale gas prices in the U.S has resulted in the slowdown of investments in renewable sources of energy.

The Middle East and North Africa are emerging markets for wind energy. Saudi Arabia, Kuwait, and UAE are the major players in this region. The region has tremendous potential but growth is slow due to large hydrocarbon reserves in the region.

Latin America is a world leader in renewable resources with 52% of energy production from renewable sources. Although, hydropower accounted for the major share. Moreover, lack of abundant hydrocarbon reserves has driven the growth for wind energy market. In 2016, Gamesa Corp supplied 94 wind turbines to DONG Energy for the Borselle 1 and 2 wind project in the Netherlands. The project has boosted the wind turbines composites market in Europe.

Key Players in the Wind Turbine Composites Market

Key players in the wind composites market include Toray Industries, Cytec Industries Inc., Royal TenCate nv, Gurit Holding AG, Hexel Corporation, and Teijin Limited, TPI Composites, Inc., Gamesa Corporation Technology, Vestas Wind Systems A/S, and Suzlon Energy Limited

For More Information:

https://www.coherentmarketinsights.com/ongoing-insight/wind-turbine-composites-market-791

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]