The study involves two major activities in estimating the current market size for the Wind Blade Recycling market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources referred to for this research study include financial statements of companies offering wind blade recycling and information from various trade, business, and professional associations. Secondary research has been used to obtain critical information about the industry’s value chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. The secondary data was collected and analyzed to arrive at the overall size of the wind blade recycling market, which was validated by primary respondents.
Primary Research
Extensive primary research was conducted after obtaining information regarding the wind blade recycling market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, product development/innovation teams, and related key executives from Wind Blade Recycling industry vendors; system integrators; component providers; distributors; and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to type, storage & distribution and transportation, manufacturing process, function, end-use industry, and region. Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of the customer/end users who are seeking wind blade recycling services, were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of high purity gases and future outlook of their business which will affect the overall market.
The Breakup of Primary Research:
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Market Size Estimation
The research methodology used to estimate the size of the wind blade recycling market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on the demand for recycled wind blade material in different end-use industries at a regional level. Such procurements provide information on the demand aspects of the wind blade recycling industry for each application. For each end-use, all possible segments of the wind blade recycling market were integrated and mapped.
Data Triangulation
After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
Wind blade recycling is defined as the process of recovering the materials from the wind blades in their original form. Wind blades are mainly composed of composites which include glass fiber, carbon fiber, and resins. Traditionally, wind blades are made from thermosets, thus they are hard to recycle. As wind energy industry grows, the disposal of decommissioned wind blades poses an environmental challenge, as landfilling is not a permanent solution. Players in the wind industry ecosystem are trying to tackle this problem by developing innovative and cost effective recycling technologies like mechanical, thermal, and chemical recycling. This recycled material have demand from construction, automotive, electronic & consumer goods, and other industries.
Stakeholders
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Wind blade recycling providers
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Government and Research Organizations
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National and Local Government Organizations
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Institutional Investors
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European Wind Energy Association
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US Energy Department
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Global Wind Energy Council
Report Objectives
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To define, describe, and forecast the wind blade recycling market size in terms of volume and value
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To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and challenges influencing market growth
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To analyze and project the global Wind Blade Recycling market by blade material, by recycling process, end-use industry, and region
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To forecast the market size concerning five main regions (along with country-level data), namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, and analyze the significant region-specific trends
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To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions of the submarkets to the overall market
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To analyze the market opportunities and the competitive landscape for stakeholders and market leaders
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To assess recent market developments and competitive strategies, such as agreements, contracts, acquisitions, and new product developments/new product launches, to draw the competitive landscape
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To strategically profile the key market players and comprehensively analyze their core competencies
Growth opportunities and latent adjacency in Wind Blade Recycling Market