Market Size of Wind Turbine Blade Recycling Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.50 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Wind Turbine Blade Recycling Market Analysis
The Wind Turbine Blade Recycling Market is expected to register at a CAGR of approximately 4.5% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.
- Over the long term, the increasing number of offshore and onshore wind energy plants for decommissioning is expected to drive the growth of the market.
- On the other note, rising environmental and economic factors due to the wind turbine blade recycling process are hampering the market's growth.
- Nevertheless, according to a recent survey by the University of Cambridge, it is estimated that 43 million tonnes of wind turbine blade waste will be generated by the year 2050. This will create ample opportunities for the wind turbine blade recycling market in the near future.
- Europe is likely to witness significant growth in the wind turbine blade recycling market during the forecast period, mainly due to its favorable government initiatives toward wind turbine blade recycling across the region.
