The global wind turbine casting market revenue was US$ 1920.8 million in 2021. The global wind turbine casting market revenue is forecast to reach US$ 3605.6 million by 2030, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2022 to 2030.
Wind turbines are devices that help convert wind kinetic energy into power. In addition to the main shaft, rotor hub, mainframe, rotor blades, gearbox, generators, tower, rotor bearing, power converter, transformer, nacelle housing, and cables, wind turbines have several other parts. The most common parts that undergo casting are rotor hubs, axle pins, and main carriers.
Factors Influencing Market Growth
Impact Analysis of COVID-19
Turbine makers were finding it increasingly difficult to obtain the parts they needed to build their machines, slowing progress on the global transition to renewable energy at precisely the time scientists say it has to accelerate. Manufacturers such as Vestas Wind Systems A/S and Siemens Gamesa Renewable Energy SA dealt with shutdowns at their factories and disruptions in supply after the Coronavirus spread worldwide. Several major ports, airports, and border crossings have experienced delays, halting deliveries of raw materials and components, including turbine blades. Thus, all these factors have negatively impacted the growth of the global wing turbine casting market.
Regional Insights
The Asia Pacific is forecast to dominate the global wind turbine casting market over the forecast period. Due to rapid urbanization and industrialization in the region, the energy demand has increased.
Over the forecast period, Europe is forecast to experience significant growth. The region has strict environmental requirements to reduce its carbon footprint. In addition, offshore wind facilities are forecast to increase the demand for wind turbine casting over the forecast period, mainly in Europe.
Leading Competitors
The leading prominent companies profiled in the global wind turbine casting market are:
Scope of the Report
The global wind turbine casting market segmentation focuses on Type, Application. and Region.
Segmentation based on Type
Segmentation based on Application
Segmentation based on Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL WIND TURBINE CASTING MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
4 GLOBAL WIND TURBINE CASTING MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS
5 GLOBAL WIND TURBINE CASTING MARKET, BY TYPE
5.1 OVERVIEW
5.2 HORIZONTAL AXIS
5.3 VERTICAL AXIS
6 GLOBAL WIND TURBINE CASTING MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 ONSHORE
6.3 OFFSHORE
7 GLOBAL WIND TURBINE CASTING MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3. 1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL WIND TURBINE CASTING MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
9 COMPANY PROFILES
9.1 SE FORGE LIMITED
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.2 SINOVEL WIND GROUP COMPANY
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.3 VESTAS WIND SYSTEMS A/S
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.4 DHI-DCW GROUP CO., LIMITED
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.5 XINJIANG GOLDWIND SCIENCE & TECHNOLOGY CO., LIMITED
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.6 SUZLON ENERGY LIMITED
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.7 SHW CASTING TECHNOLOGIES GMBH & CO. KG
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.8. ENERCON GMBH
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.9 PREMIER ENGINEERING & EQUIPMENT MFG. CO
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.10 GLOBAL CASTINGS PVT. LIMITED
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS
9.11 RIYUE HEAVY INDUSTRY CORPORATION LIMITED
9.11.1 OVERVIEW
9.11.2 FINANCIAL PERFORMANCE
9.11.3 PRODUCT OUTLOOK
9.11.4 KEY DEVELOPMENTS
9.12 ELYRIA FOUNDRY COMPANY, LLC
9.12.1 OVERVIEW
9.12.2 FINANCIAL PERFORMANCE
9.12.3 PRODUCT OUTLOOK
9.12.4 KEY DEVELOPMENTS
9.13 SAKANA GROUP
9.13.1 OVERVIEW
9.13.2 FINANCIAL PERFORMANCE
9.13.3 PRODUCT OUTLOOK
9.13.4 KEY DEVELOPMENTS
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