AMI Consulting estimates that global demand for materials (in weight) for the production of wind turbine blades grew at an average rate of 12.5% p.a. between 2017 and 2019. Demand growth has been particularly strong in Asia and North America. The "PTC bubble" in the US and China's 13th Five Year Plan on Energy Development (2016-2020) are the two main drivers for the fast growth seen between 2017 and 2019. In turn this has made 2020 a critical year for both China and the US, the two largest wind energy markets in the world.
The industry had anticipated blade production to reach a peak in 2020, all driven by government incentives. The COVID-19 pandemic is having a clear impact on the wind turbine blades supply chain in this critical year.
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