Data bridge market research analyses that the market is growing with the CAGR of 10.40% in the forecast period of 2021 to 2028 and is expected to reach USD 4.50 billion by 2028. The rising need of electricity across the globe is escalating the growth of wind turbine casting market.

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Market Analysis and Insights: Global Wind Turbine Casting Market

Casting refers to an industrial method of pouring liquid material into a mold which contains a hollow cavity of the desired shape and then the liquid material is allowed to solidify. In wind turbines, the primary parts that undergo casting include rotor hubs, rotor blades, axle pins and rotor shaft. Wind energy means a renewable form of energy which is widely available on the surface of earth and is known to be an alternative energy source generated from wind currents and wind flow through wind turbines.

The increase in demand for wind turbine casting because of its ability to help in high creep resistance and developing composite components, in rotor hubs as they are subjected to high stress and their role as key component in a wind turbine is one of the major factors driving the wind turbine casting market. The rise in the number of installations in offshore applications in countries including the U.K., Germany, China, Netherlands, Japan and Denmark and high adoption of these products owning to longer lifespan and lower maintenance cost accelerate the wind turbine casting market growth. The presence of favorable government policies to encourage the usage of renewable sources of energy, increasing need for lowering carbon imprints and emissions and rising construction activities influence the wind turbine casting market. Additionally, rapid urbanization, rising need for energy, increase in government support, growth in turbine installation and high electricity consumption positively affects the wind turbine casting market. Furthermore, increasing offshore activities, technological advancement and emerging economies extend profitable opportunities to the wind turbine casting market players in the forecast period of 2021 to 2028.

Wind Turbine Casting Market Scope and Market Size

The wind turbine casting market is segmented on the basis of turbine casting, farm type, application and connectivity. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets. 

  • On the basis of turbine casting, the wind turbine casting market is segmented into Horizontal Axis and Vertical Axis.
  • On the basis of farm type, the wind turbine casting market is segmented into offshore and onshore.
  • On the basis of application, the wind turbine casting market is segmented into industrial, commercial and residential. Industrial is further segmented into manufacturing industries, process industries and chemical industries. Commercial is further segmented into education, office and government/military.
  • On the basis of connectivity, the wind turbine casting market is segmented into grid connected and stands alone.

Global Wind Turbine Casting Market Country Level Analysis

The countries covered in the globally wind turbine casting market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Wind Turbine Casting Market Share Analysis

The wind turbine casting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to wind turbine casting market.

Key Players

The major players covered in the wind turbine casting market reports are ACCIONA, NORDEX SE, General Electric, Envision, goldwind, Siemens, Gamesa Renewable Energy, S.A., Suzlon Energy Limited, Vestas, Sinovel Wind Group Co., Ltd., DEC, ENERCON GmbH, Mingyang Smart Energy Group Co., Ltd., juwi AG, Inoxwind, AEROVIDE GmbH among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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  • Chapter One: Introduction
  • Chapter Two: Market Segmentation
  • Chapter Three: Market Overview
  • Chapter Four: Executive Summary
  • Chapter Five: Premium Insights
  • Chapter Six: solar thermal collector market

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