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Global Wind Turbine Casting Market Size study & Forecast, by Type (Horizontal Axis Wind Turbine, Vertical Axis Wind Turbine, Others) by Farm Location (Onshore, Offshore, Others), by Application (Industrial, Commercial, Household, Others) and Regional Analysis, 2023-2030

September 2023 | 200 pages | ID: G5446E4C4472EN
Bizwit Research & Consulting LLP

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Global Wind Turbine Casting Market is valued approximately USD XXX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Wind turbine casting refers to the manufacturing process of producing the major structural components of wind turbines, such as the turbine blades, hubs, and towers, using casting techniques. Casting involves pouring molten metal into a mold, allowing it to solidify, and then removing the mold to reveal the final component. In the context of wind turbines, the most commonly cast components are turbine blades and hubs. These components are typically made from materials such as fiberglass-reinforced composites or carbon fiber-reinforced composites. The casting process allows for the production of complex geometries with high strength-to-weight ratios, which are essential for efficient wind turbine operation. The key factor driving the market growth is rise in adoption of renewable sources for power generation, growing offshore wind energy sector, and supportive government policies that anticipated to support the market growth during forecast period 2023-2030.

Moreover, government initiatives for the development of wind power projects create a favorable environment for the growth of the Wind Turbine Casting Market. These initiatives generate increased demand for wind turbine castings and encourage investments in manufacturing capabilities. Furthermore, government support can also promote domestic manufacturing, contributing to the overall growth and sustainability of the wind power industry. For instance, in March 2022, the launching of two floating wind farm projects along the Mediterranean coast of metropolitan France was announced by the France government Later, two extensions of 500 MW each will be added to these two floating wind farms, which now have capacities of about 250 MW each. The farms will be put into operation by 2030 after the winners of the competitive bidding process were selected in 2023. Also, in year 2021, Caisse de dйpфt et placement du Quйbec, a Canadian institutional investor, has invested USD 2.7 billion in a Taiwanese offshore wind farm project (CDPQ).

Additionally, growing investment in renewable energy projects is anticipated to create the lucrative opportunity for the market over forecasted period. However, the high initial investment stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Wind Turbine Casting Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to rising adoption of renewable energy, supportive government initiatives, growing public and private investment for the development onshore wind turbine projects, and presence of key market players in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as cohesive government initiative and investment for the development of onshore wind turbine projects, growing industrialization, and rising investment in wind farm projects.

Major market player included in this report are:

Suzlon Energy Limited

AEROVIDE

DHI DCW Group Co., Ltd.

ENERCON, GmbH

Premier Heavy Engineering Ltd.

Sinovel Ltd.

Nordex SE

Vestas Co.

Mingyang Smart Energy Group Co., Ltd.

Juwi GmbH

Recent Developments in the Market:
  • In April 2020, Icelandic green power company IceWInd announced the launch of its new Freya model. The model is a vertical axis wind turbine with six blades. It includes inner blades that enable slow start speeds and serve as brake in excess wind speeds.
Global Wind Turbine Casting Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Type, Farm Location, Application, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Horizontal Axis Wind Turbine

Vertical Axis Wind Turbine

Others

By Farm Location:

Onshore

Offshore

Others

By Application:

Industrial

Commercial

Household

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Wind Turbine Casting Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Wind Turbine Casting Market, by Type, 2020-2030 (USD Billion)
  1.2.3. Wind Turbine Casting Market, by Farm Location, 2020-2030 (USD Billion)
  1.2.4. Wind Turbine Casting Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL WIND TURBINE CASTING MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL WIND TURBINE CASTING MARKET DYNAMICS

3.1. Wind Turbine Casting Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Rise in adoption of renewable sources for power generation
    3.1.1.2. Growing offshore wind energy sector
    3.1.1.3. Supportive government policies
  3.1.2. Market Challenges
    3.1.2.1. High initial investment
  3.1.3. Market Opportunities
    3.1.3.1. Growing investment in renewable energy projects

CHAPTER 4. GLOBAL WIND TURBINE CASTING MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL WIND TURBINE CASTING MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Wind Turbine Casting Market by Type, Performance - Potential Analysis
5.3. Global Wind Turbine Casting Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Wind Turbine Casting Market, Sub Segment Analysis
  5.4.1. Horizontal Axis Wind Turbine
  5.4.2. Vertical Axis Wind Turbine
  5.4.3. Others

CHAPTER 6. GLOBAL WIND TURBINE CASTING MARKET, BY FARM LOCATION

6.1. Market Snapshot
6.2. Global Wind Turbine Casting Market by Farm Location, Performance - Potential Analysis
6.3. Global Wind Turbine Casting Market Estimates & Forecasts by Farm Location 2020-2030 (USD Billion)
6.4. Wind Turbine Casting Market, Sub Segment Analysis
  6.4.1. Onshore
  6.4.2. Offshore
  6.4.3. Others

CHAPTER 7. GLOBAL WIND TURBINE CASTING MARKET, BY APPLICATION

7.1. Market Snapshot
7.2. Global Wind Turbine Casting Market by Application, Performance - Potential Analysis
7.3. Global Wind Turbine Casting Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Wind Turbine Casting Market, Sub Segment Analysis
  7.4.1. Industrial
  7.4.2. Commercial
  7.4.3. Household
  7.4.4. Others

CHAPTER 8. GLOBAL WIND TURBINE CASTING MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Wind Turbine Casting Market, Regional Market Snapshot
8.4. North America Wind Turbine Casting Market
  8.4.1. U.S. Wind Turbine Casting Market
    8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Farm Location breakdown estimates & forecasts, 2020-2030
    8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Wind Turbine Casting Market
8.5. Europe Wind Turbine Casting Market Snapshot
  8.5.1. U.K. Wind Turbine Casting Market
  8.5.2. Germany Wind Turbine Casting Market
  8.5.3. France Wind Turbine Casting Market
  8.5.4. Spain Wind Turbine Casting Market
  8.5.5. Italy Wind Turbine Casting Market
  8.5.6. Rest of Europe Wind Turbine Casting Market
8.6. Asia-Pacific Wind Turbine Casting Market Snapshot
  8.6.1. China Wind Turbine Casting Market
  8.6.2. India Wind Turbine Casting Market
  8.6.3. Japan Wind Turbine Casting Market
  8.6.4. Australia Wind Turbine Casting Market
  8.6.5. South Korea Wind Turbine Casting Market
  8.6.6. Rest of Asia Pacific Wind Turbine Casting Market
8.7. Latin America Wind Turbine Casting Market Snapshot
  8.7.1. Brazil Wind Turbine Casting Market
  8.7.2. Mexico Wind Turbine Casting Market
8.8. Middle East & Africa Wind Turbine Casting Market
  8.8.1. Saudi Arabia Wind Turbine Casting Market
  8.8.2. South Africa Wind Turbine Casting Market
  8.8.3. Rest of Middle East & Africa Wind Turbine Casting Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Suzlon Energy Limited
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. AEROVIDE
  9.3.3. DHI DCW Group Co., Ltd.
  9.3.4. ENERCON, GmbH
  9.3.5. Premier Heavy Engineering Ltd.
  9.3.6. Sinovel Ltd.
  9.3.7. Nordex SE
  9.3.8. Vestas Co.
  9.3.9. Mingyang Smart Energy Group Co., Ltd.
  9.3.10. Juwi GmbH

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption
LIST OF TABLES

TABLE 1. Global Wind Turbine Casting Market, report scope
TABLE 2. Global Wind Turbine Casting Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Wind Turbine Casting Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Wind Turbine Casting Market estimates & forecasts by Farm Location 2020-2030 (USD Billion)
TABLE 5. Global Wind Turbine Casting Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global Wind Turbine Casting Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Wind Turbine Casting Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Wind Turbine Casting Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Wind Turbine Casting Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Wind Turbine Casting Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Wind Turbine Casting Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Wind Turbine Casting Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Wind Turbine Casting Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Wind Turbine Casting Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Wind Turbine Casting Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Wind Turbine Casting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Wind Turbine Casting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Wind Turbine Casting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Wind Turbine Casting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Wind Turbine Casting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Wind Turbine Casting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Wind Turbine Casting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Wind Turbine Casting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Wind Turbine Casting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Wind Turbine Casting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Wind Turbine Casting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Wind Turbine Casting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Wind Turbine Casting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Wind Turbine Casting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Wind Turbine Casting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Wind Turbine Casting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Wind Turbine Casting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Wind Turbine Casting Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Wind Turbine Casting Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Wind Turbine Casting Market
TABLE 71. List of primary sources, used in the study of global Wind Turbine Casting Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES

FIG 1. Global Wind Turbine Casting Market, research methodology
FIG 2. Global Wind Turbine Casting Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Wind Turbine Casting Market, key trends 2022
FIG 5. Global Wind Turbine Casting Market, growth prospects 2023-2030
FIG 6. Global Wind Turbine Casting Market, porters 5 force model
FIG 7. Global Wind Turbine Casting Market, pest analysis
FIG 8. Global Wind Turbine Casting Market, value chain analysis
FIG 9. Global Wind Turbine Casting Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Wind Turbine Casting Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Wind Turbine Casting Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Wind Turbine Casting Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Wind Turbine Casting Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Wind Turbine Casting Market, regional snapshot 2020 & 2030
FIG 15. North America Wind Turbine Casting Market 2020 & 2030 (USD Billion)
FIG 16. Europe Wind Turbine Casting Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Wind Turbine Casting Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Wind Turbine Casting Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Wind Turbine Casting Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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