CHICAGO, July 17,
2024 /PRNewswire/ -- Wind Turbine Protection
Market in terms of revenue was estimated to be worth
$1.7 billion in 2024 and is poised to
reach $2.8 billion by 2029, growing
at a CAGR of 10.5% from 2024 to 2029 according to a new report by
MarketsandMarkets™.
Wind turbine protection is essential because they face numerous
environmental challenges, including rain, hail, blowing sand, and
salt spray, which can cause significant leading-edge erosion on the
blades. This erosion can be severely affecting the integrity and
efficiency of the blades. wind turbine protection is essential to
safeguard the blades, nacelle, and internal components, maintain
aerodynamic efficiency, prevent damage and downtime, and extend the
operational lifespans of wind turbines.
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Browse in-depth TOC on "Wind Turbine Protection
Market"
211 - Tables
59 - Figures
214 -
Pages
Wind Turbine Protection Market Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$1.7 billion
|
Estimated Value by
2029
|
$2.8 billion
|
Growth Rate
|
Poised to grow at a
CAGR of 10.5%
|
Market Size Available
for
|
2021–2029
|
Forecast
Period
|
2024–2029
|
Forecast
Units
|
Value (USD
billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Protection type,
Equipment, End user
|
Geographies
Covered
|
Asia Pacific, North
America, Europe, Middle East & Africa, and South
America
|
Report
Highlights
|
Updated financial
information / product portfolio of players
|
Key Market
Opportunities
|
Growing R&D towards
the improved efficiency of wind protection coating
materials
|
Key Market
Drivers
|
Rising demand for
renewable energy sources
|
The Nacelle, by equipment, is expected to grow as the Second
largest segment during the forecast period.
Based on equipment, the Wind Turbine Protection Market has been
split into Nacelle, Blades, Tower and others. The Nacelle segment
in the Wind Turbine Protection Market is anticipated to be the
second largest because the nacelle, houses critical components like
the generator and gearbox which demands robust protection against
weather elements and thermal stress to maintain operational
integrity. The nacelle is a vital component that protects the
turbine machinery, enables safe maintenance, optimizes airflow, and
withstands wind forces.
Onshore, by End user, is expected to grow as the largest
segment during the forecast period.
Based on End user, the Wind Turbine Protection Market has been
split into Onshore and Offshore. The Onshore segment in the Wind
Turbine Protection Market is anticipated to be the largest because
the onshore wind farms are generally less expensive compared to
offshore projects. The onshore segment experienced rapid growth
because of the cost advantages, technological advancements and
better infrastructure.
Coatings, by protection type, are expected to grow as the
largest segment during the forecast period.
This report segments the Wind Turbine Protection Market based on
offering into Various protection types: Coatings, Tapes &
Films. The coatings segment in the Wind Turbine Protection Market
is anticipated to be the largest because the coatings include
protection against corrosion, particularly in harsh offshore
environments, and resistance to erosion caused by rain, sand, and
dust, which is vital for maintaining the aerodynamic efficiency of
the blades. The benefits of applying these coatings are extended
the operational lifespan of wind turbines by preventing corrosion
and wear, which in turn reduces the frequency and costs associated
with maintenance.
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Europe is expected to be the
Second largest region in the Wind Turbine Protection Market
Europe is expected to be the
Second largest region in the Wind Turbine Protection Market during
the forecast period. The region's increasing focus on wind turbine
protection is due to the presence of major wind turbine
manufacturers, including Vestas, Siemens Gamesa, and Nordex.
Europe is leading the global
expansion of offshore wind, with countries like the UK,
Germany, and the Netherlands investing heavily in offshore
wind projects.
Key Players
Some of the major players in the Wind Turbine Protection
Market are BASF SE (Germany), 3M
(US), Akzo Nobel N.V. (Netherlands), Trelleborg AB (Sweden), Hempel A/S (Denmark). The major strategies adopted by
these players include sales contracts, product launches,
investments, collaborations, partnerships, and expansions.
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Related Reports:
Offshore Wind Market by Component (Turbines (Nacelle,
Rotors & Blades, Tower), Substructure, Electrical
Infrastructure), Location (Shallow Water, Transitional Water, &
Deepwater) and Region (North
America, Asia Pacific,
& Europe) - Global forecast to
2026
Abrasion Resistant Coatings Market by Type
(Metal/Ceramic, Polymer), End-Use Industry (Oil & Gas, Marine,
Power Generation, Transportation, Mining, Construction), Region
(North America, APAC, Europe, MEA, South
America) - Global Forecast to 2024
Get access to the latest updates on Wind Turbine Protection
Companies and Wind Turbine Protection Industry Growth
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