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Wind Turbine Casting Global Market Report 2024

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    Report

  • 200 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5766762
The wind turbine casting market size has grown strongly in recent years. It will grow from $2.17 billion in 2023 to $2.32 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to the global shift to renewable energy, government initiatives and incentives, energy security concerns, environmental consciousness, and cost reduction in wind energy.

The wind turbine casting market size is expected to see strong growth in the next few years. It will grow to $3.06 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The projected growth in the forecast period is driven by the expansion of offshore wind farms, advancements in grid integration and storage technologies, supportive policies for wind energy, global trends towards electrification, and the increasing heights of wind turbines. Major trends expected in this period include the integration of 3D printing technology, the use of multi-material castings, a focus on design optimization and innovation, increased collaborations and partnerships, and a greater emphasis on lifecycle cost considerations.

The wind turbine casting market is poised for growth due to the increasing demand for renewable energy. Renewable energy sources, such as wind power, are gaining traction as they offer sustainable alternatives to traditional energy sources, reducing pollution and greenhouse gas emissions. Wind turbine casting technology plays a crucial role in harnessing wind energy and reducing reliance on fossil fuels and nuclear power. For example, the International Energy Agency (IEA) projects that renewables will account for nearly 95% of the growth in global power capacity by 2026, with solar photovoltaic (PV) leading the way by contributing over half of this expansion. This trend underscores the rising significance of wind turbine casting in meeting the demand for renewable energy solutions. Consequently, the increasing demand for renewable energy is expected to propel the growth of the wind turbine casting market.

The anticipated rise in electricity demand is expected to drive the growth of the wind turbine casting market in the future. Electricity, a form of energy derived from charged particles such as electrons or protons, is generated through wind energy harnessing, wherein wind turbine casting plays a crucial role by producing sturdy components for wind turbine structures. According to the International Energy Agency (IEA), a France-based intergovernmental organization, global electricity demand is projected to increase by approximately 5% in 2021 and 4% in 2022. As a result, the growing need for electricity is a key driver behind the expansion of the wind turbine casting market.

Technological advancements have become a prominent trend in the wind turbine market. Major companies in the wind turbine casting sector are prioritizing the development of innovative technologies to maintain their market position. For example, in September 2021, Siemens Gamesa Renewable Energy, a Germany-based renewable energy company, introduced a recyclable wind turbine blade. This blade is designed to be recycled at the end of its lifespan. The recycling process involves using a mildly acidic solution to separate the materials from the blade. These materials can then be recycled and utilized in various industries, including construction, consumer goods, and vehicle manufacturing.

Prominent companies in the wind turbine casting industry are embracing a strategic partnership approach to develop a large 3D printer tailored for offshore wind applications. Strategic partnerships involve companies leveraging each other's strengths and resources to achieve mutual benefits and success. For example, in September 2021, GE, a US-based provider of equipment, solutions, and services, collaborated with Fraunhofer IGCV, a Germany-based research institute, and voxeljet AG, a Germany-based manufacturer of industrial 3D printing technology, to create the world's largest 3D printer for offshore wind applications. This initiative aims to streamline the production of crucial components for GE’s Haliade-X offshore wind turbine. The Advance Casting Cell (ACC) 3D printer, supported financially by the German Federal Ministry for Economic Affairs and Energy, is expected to reduce the production time for molds used in turbine components from ten weeks to two weeks, with each mold weighing over 60 metric tons.

In September 2022, SSE Renewables, a UK-based electricity generation company, acquired Siemens Gamesa Renewable Energy's existing European renewable energy development platform for $564.22 million (€580m). This move marks SSE Renewables' entry into the Southern European market, complementing its established renewables business in the UK and Ireland, where it currently owns and operates 4GW of renewable assets, including nearly 2GW of onshore wind capacity. Additionally, SSE Renewables has a secured pipeline of over 11GW of onshore wind, offshore wind, and hydro projects. Siemens Gamesa Renewable Energy, headquartered in Germany, is known for manufacturing wind turbines and providing onshore and offshore wind services.

Major companies operating in the wind turbine casting market report are Hitachi Ltd., General Electric Company, Vestas Wind Systems A/S, Dongfang Electric Corporation, Nordex SE, Goldwind Science & Technology Co.Ltd., Suzlon Energy Limited, Mingyang Smart Energy Group Co.Ltd., Zhejiang Windey Co. Ltd., TPI Composites Inc., Juwi Holding AG, China Ming Yang Wind Power Group Limited, SHW Casting Technologies GmbH & Co., Sinovel Wind Group Co. Ltd., Enercon GmbH, SimplexCC Ltd., Emergya Wind Technologies B.V., DHI DCW Group Co. Ltd., Global Castings Pvt. Ltd., Elyria Foundry Company LLC, SE Forge Limited, Envision Energy, China National Machinery Import & Export Corporation (CMC), Premier Heavy Engineering Ltd., SAKANA Group, AEROVIDE GmbH, Shandong Longma Heavy Industry Group Co. Ltd., CSIC Haizhuang Windpower Equipment Co. Ltd., Zhonghang Hui Teng Renewable Resources Co. Ltd., Mitsubishi Power Ltd., Hangzhou Steam Turbine & Power Group Co.Ltd., XEMC Windpower Co. Ltd., Hyosung Heavy Industries, Emerald Energy Consultancy Services Pvt. Ltd., ZF Friedrichshafen AG, Senvion S.A.

Asia-Pacific was the largest region in the wind turbine casting market in 2023. The regions covered in the wind turbine casting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the wind turbine casting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

In wind turbine casting, the main types are horizontal axis and vertical axis turbines. The horizontal axis refers to an axis parallel to the ground and flat, which is utilized in wind turbines to generate greater power with less energy consumption. This makes them suitable for large wind power plants and electricity production. The materials used in wind turbine casting include copper, glass-reinforced plastic, and concrete, which find applications in both onshore and offshore settings. Wind turbines are used by various end-users, including industrial, commercial, and residential sectors.

The wind turbine casting market research report is one of a series of new reports that provides wind turbine casting market statistics, including wind turbine casting industry global market size, regional shares, competitors with a wind turbine casting market share, detailed wind turbine casting market segments, market trends and opportunities, and any further data you may need to thrive in the wind turbine casting industry. This wind turbine casting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The wind turbine casting market consists of sales of rotor hubs, axle pins, blades, generators, shaft machines, and hydraulics systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Table of Contents

1. Executive Summary2. Wind Turbine Casting Market Characteristics3. Wind Turbine Casting Market Trends and Strategies
4. Wind Turbine Casting Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Wind Turbine Casting Market Size and Growth
5.1. Global Wind Turbine Casting Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Wind Turbine Casting Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Wind Turbine Casting Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Wind Turbine Casting Market Segmentation
6.1. Global Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Horizontal Axis
  • Vertical Axis
6.2. Global Wind Turbine Casting Market, Segmentation by Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Copper
  • Glass-Reinforced Plastic
  • Concrete
6.3. Global Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Onshore
  • Offshore
6.4. Global Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Industrial
  • Commercial
  • Residential
7. Wind Turbine Casting Market Regional and Country Analysis
7.1. Global Wind Turbine Casting Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Wind Turbine Casting Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Wind Turbine Casting Market
8.1. Asia-Pacific Wind Turbine Casting Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Wind Turbine Casting Market
9.1. China Wind Turbine Casting Market Overview
9.2. China Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Wind Turbine Casting Market
10.1. India Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Wind Turbine Casting Market
11.1. Japan Wind Turbine Casting Market Overview
11.2. Japan Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Wind Turbine Casting Market
12.1. Australia Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Wind Turbine Casting Market
13.1. Indonesia Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Wind Turbine Casting Market
14.1. South Korea Wind Turbine Casting Market Overview
14.2. South Korea Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Wind Turbine Casting Market
15.1. Western Europe Wind Turbine Casting Market Overview
15.2. Western Europe Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Wind Turbine Casting Market
16.1. UK Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Wind Turbine Casting Market
17.1. Germany Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Wind Turbine Casting Market
18.1. France Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Wind Turbine Casting Market
19.1. Italy Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Wind Turbine Casting Market
20.1. Spain Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Wind Turbine Casting Market
21.1. Eastern Europe Wind Turbine Casting Market Overview
21.2. Eastern Europe Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Wind Turbine Casting Market
22.1. Russia Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Wind Turbine Casting Market
23.1. North America Wind Turbine Casting Market Overview
23.2. North America Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Wind Turbine Casting Market
24.1. USA Wind Turbine Casting Market Overview
24.2. USA Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Wind Turbine Casting Market
25.1. Canada Wind Turbine Casting Market Overview
25.2. Canada Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Wind Turbine Casting Market
26.1. South America Wind Turbine Casting Market Overview
26.2. South America Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Wind Turbine Casting Market
27.1. Brazil Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Wind Turbine Casting Market
28.1. Middle East Wind Turbine Casting Market Overview
28.2. Middle East Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Wind Turbine Casting Market
29.1. Africa Wind Turbine Casting Market Overview
29.2. Africa Wind Turbine Casting Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Wind Turbine Casting Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Wind Turbine Casting Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Wind Turbine Casting Market Competitive Landscape and Company Profiles
30.1. Wind Turbine Casting Market Competitive Landscape
30.2. Wind Turbine Casting Market Company Profiles
30.2.1. Hitachi Ltd.
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. General Electric Company
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Vestas Wind Systems A/S
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Dongfang Electric Corporation
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Nordex SE
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Wind Turbine Casting Market Other Major and Innovative Companies
31.1. Goldwind Science & Technology Co.Ltd.
31.2. Suzlon Energy Limited
31.3. Mingyang Smart Energy Group Co.Ltd.
31.4. Zhejiang Windey Co. Ltd.
31.5. TPI Composites Inc.
31.6. Juwi Holding AG
31.7. China Ming Yang Wind Power Group Limited
31.8. SHW Casting Technologies GmbH & Co.
31.9. Sinovel Wind Group Co. Ltd.
31.10. Enercon GmbH
31.11. SimplexCC Ltd.
31.12. Emergya Wind Technologies B.V.
31.13. DHI DCW Group Co. Ltd.
31.14. Global Castings Pvt. Ltd.
31.15. Elyria Foundry Company LLC
32. Global Wind Turbine Casting Market Competitive Benchmarking33. Global Wind Turbine Casting Market Competitive Dashboard34. Key Mergers and Acquisitions in the Wind Turbine Casting Market
35. Wind Turbine Casting Market Future Outlook and Potential Analysis
35.1 Wind Turbine Casting Market in 2028 - Countries Offering Most New Opportunities
35.2 Wind Turbine Casting Market in 2028 - Segments Offering Most New Opportunities
35.3 Wind Turbine Casting Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Wind Turbine Casting Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on wind turbine casting market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for wind turbine casting? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Type: Horizontal Axis; Vertical Axis
2) By Material: Copper; Glass-Reinforced Plastic; Concrete
3) By Application: Onshore; Offshore
4) By End-user: Industrial; Commercial; Residential

Key Companies Mentioned: Hitachi Ltd.; General Electric Company; Vestas Wind Systems A/S; Dongfang Electric Corporation; Nordex SE

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Hitachi Ltd.
  • General Electric Company
  • Vestas Wind Systems A/S
  • Dongfang Electric Corporation
  • Nordex SE
  • Goldwind Science & Technology Co.Ltd.
  • Suzlon Energy Limited
  • Mingyang Smart Energy Group Co.Ltd.
  • Zhejiang Windey Co. Ltd.
  • TPI Composites Inc.
  • Juwi Holding AG
  • China Ming Yang Wind Power Group Limited
  • SHW Casting Technologies GmbH & Co.
  • Sinovel Wind Group Co. Ltd.
  • Enercon GmbH
  • SimplexCC Ltd.
  • Emergya Wind Technologies B.V.
  • DHI DCW Group Co. Ltd.
  • Global Castings Pvt. Ltd.
  • Elyria Foundry Company LLC
  • SE Forge Limited
  • Envision Energy
  • China National Machinery Import & Export Corporation (CMC)
  • Premier Heavy Engineering Ltd.
  • SAKANA Group
  • AEROVIDE GmbH
  • Shandong Longma Heavy Industry Group Co. Ltd.
  • CSIC Haizhuang Windpower Equipment Co. Ltd.
  • Zhonghang Hui Teng Renewable Resources Co. Ltd.
  • Mitsubishi Power Ltd.
  • Hangzhou Steam Turbine & Power Group Co.Ltd.
  • XEMC Windpower Co. Ltd.
  • Hyosung Heavy Industries
  • Emerald Energy Consultancy Services Pvt. Ltd.
  • ZF Friedrichshafen AG
  • Senvion S.A

Methodology

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