Here is a report for the opportunities for composites in wind industry in the next few years.

According to Composite Insights latest market study, consumption of composite materials are forecast to continue the same growth momentum in the fabrication of fiber-reinforced plastic (FRP) products in the Indian Wind Energy Industry. Although the market for composite materials in Indian Wind Energy Industry is relatively small, the growth rate is high compared to the growth rate in China and the USA. more Strengths

Technologically proven over past 30 years No fuel inputs and therefore no fuel costs Clean, renewable, zero-emission source of electricity and therefore not subject to potential price on carbon The price for wind energy sold to the grid is declining and has met, or is approaching, grid parity in many markets a trend we expect to continue Scalable Can be installed on land or at sea Lowest cost renewable resource (LCOE)

Weaknesses Intermittent resource (difficult to predict when wind will blow) Less efficient than fossil fuels Integration into the grid at scale requires institutional change among utilities and grid operators (and, in many cases, these organizations are not accommodating) Higher cost than fossil fuels in most markets Market is driven in large part by policy, making it subject to sudden political changes Scale-up of wind means increased Not-in-mybackyard (NIMBY) issues that need to be dealt with on a case-by-case basis

 Lack of long-term policy in the United States for spurring investor confidence

Opportunities Larger, more efficient turbines to generate larger amounts of wind at lower cost Direct drive wind turbines that could potentially reduce O&M costs Offshore wind Expansion into China, Latin America, Eastern Europe, and other emerging markets Pairing with natural gas to address intermittency issue Unique storage techniques and technologies A national clean energy standard could be in the making in the United States that would provide increased investor confidence in wind projects

Threats Policy shifts (primarily in the United States) that make wind less economically competitive with fossil fuels could stop the industry dead in its tracks

Double-dip recession and/or return of credit freeze prevents projects from being developed Offshore wind deemed too difficult or too expensive Rare earth metals required for direct drive turbines become even more scarce as technology gains acceptance and hits scale, causing delays and driving up costs

 Raw material prices soar as economies come out of recession Natural gas prices stay at historic lows Public loses concern about carbon emissions, making it more difficult to maintain supportive policies and incentives