Global Energy Sector Composites Market to be Worth $18.7Bn in 2014

Tuesday 18 February 2014, Amsterdam

The analysis indicates that the global energy sector composites market will reach a value of $18.7bn in 2014. The energy sector composites market is forecast to record continuous growth over the next decade as the global demand for alternative and more renewable energy sources increases. Also new opportunities for the energy sector composites industry emerge through innovation and design, and the finding of new uses. Also, as the automotive industry recovers and electric vehicle and hydrogen powered vehicle production increases in globally, the demand for energy sector composites will increase.

The author of the Energy Sector Composites Market Forecast 2014-2024: Future Company Prospects in Wind Power, Oil & Gas, Fuel Cells & High Pressure Vessels report commented that ‘The growth in the energy sector composites market will be driven by the strength of the global wind power industry. The wind power industry is continuing its year on year growth and this is the biggest consumer of composites. Moreover larger wind turbines are being built which is increasing the demand for carbon fibre which is the most expensive composite. This is increasing the market size of the energy sector composites market. The market which will drive the energy sector composites market the quickest in the next 10 years is the fuel cell composites market due to the automotive sector trend towards hydrogen and electric powered vehicles. This will increase the demand of non-stationary fuel cells and thus composite fuel cells will be demanded more. For a similar reason composite high pressure vessels will be demanded also because they can achieve the goal of light weighting. The energy sector composites market will continue to grow even if government funding is reduced and renewable energy sources decrease.’

The 162 page report contains 145 tables, charts and graphs that add visual analysis in order to explain developing trends within the global energy sector composites market. The new report provides forecasts for the period 2014-2024 in terms of value (US$) for the global energy sector composites market, as well as for 3 submarkets by material type (carbon fibre, glass fibre, and aramid fibre) of the energy sector composites market. Also a forecast for the submarkets by end use (Wind Power, Oil & Gas Applications, Fuel Cells and High Pressure Vessels) is provided for the leading 5 national markets.  In addition, 12 leading national energy sector composites markets, and the rest of the world are forecast and analysed over the period 2014-2024. The report provides profiles of 10 leading companies operating within the energy sector composites market, and includes an interview with a leading composites expert, providing expert insight alongside analysis.

The Energy Sector Composites Market Forecast 2014-2024: Future Company Prospects in Wind Power, Oil & Gas, Fuel Cells & High Pressure Vessels report will be of value to current and future potential investors into the energy sector composites market, as well as companies and research centres who wish to broaden their knowledge of the energy sector composites market.