China is dominating the wind farm rotor blade market, with more than three times the number of installations of its closest rival, the US.
According to research published today, China held a massive 59 per cent of market share in 2011, with 37,385 installations. The US accounted for 18 per cent of the market with 11,085 while India was in third place with an 11 per share.
Analysts at Global Data who carried out the study predict that global cumulative wind power installed capacity will “show steady growth until the end of the decade”, increasing from 238,600 MW last year to 658,449 MW by the end of 2020.
It also notes that blades for offshore wind farms will take a far greater slice of the market. In 2011 blades destined for offshore wind farms accounted for just 1 per cent of the global market – by 2020 this will rise to 11 per cent, says Global Data.