The Wind Turbine Casting Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Wind Turbine Casting Global Market Report 2024, 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 global shift to renewable energy, government initiatives and incentives, energy security concerns, environmental consciousness, 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 growth in the forecast period can be attributed to offshore wind farm expansion, grid integration and storage, supportive policies for wind energy, global electrification trends, increasing wind turbine heights. Major trends in the forecast period include integration of 3D printing technology, multi-material castings, design optimization and innovation, collaborations and partnerships, lifecycle cost considerations.
Increasing demand for renewable energy is expected to boost the growth of the wind turbine casting market going forward. Renewable energy comes from natural sources that renew themselves more quickly than they are depleted. Renewable energy is becoming more popular because it reduces pollutants and greenhouse gas emissions, both of which contribute to climate change. Wind turbine casting technology is one of the essential components of renewable energy as it helps to reduce the use of fossil fuels and dangerous nuclear power. For instance, in December 2021, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, renewables are predicted to make up nearly 95% of the augmentation in global power capacity by 2026, with solar PV standing out as the prime contributor, furnishing more than half of this expansion. Therefore, the rising demand for renewable energy is expected to drive the growth of the wind turbine casting market.
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The wind turbine casting market covered in this report is segmented –
1) Wind Turbine Casting Market By Type: Horizontal Axis, Vertical Axis
2) Wind Turbine Casting Market By Material: Copper, Glass-Reinforced Plastic, Concrete
3) Wind Turbine Casting Market By Application: Onshore, Offshore
4) Wind Turbine Casting Market By End-User: Industrial, Commercial, Residential
Major companies operating in the wind turbine casting industry are adopting strategic partnerships approach to develop a large 3D printer for offshore wind applications. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in September 2021, GE, a US-based provider of equipment, solutions and services, partnered with Fraunhofer IGCV, a Germany-based research institute and voxeljet AG, a Germany-based manufacturer of industrial 3D printing on the world's largest 3D printer for offshore wind applications to streamline production of key components for GE’s Haliade-X offshore wind turbine. The Advance Casting Cell (ACC) 3D printer, with financial support from the German Federal Ministry for Economic Affairs and Energy, will reduce the time to produce molds for turbine components from ten weeks to two weeks, weighing over 60 metric tons each.
The wind turbine casting market report table of contents includes:
1. Executive Summary
2. Wind Turbine Casting Market Characteristics
3. Wind Turbine Casting Market Trends And Strategies
4. Wind Turbine Casting Market - Macro Economic Scenario
5. Global Wind Turbine Casting Market Size and Growth
.....
32. Global Wind Turbine Casting Market Competitive Benchmarking
33. Global Wind Turbine Casting Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Wind Turbine Casting Market
35. Wind Turbine Casting Market Future Outlook and Potential Analysis
36. Appendix
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"Trending News:Wind Turbine Casting Market Report is Booming Globally by Top Leading Players"The global wind turbine casting market size is expected to reach USD 2.9 billion by 2027 according to a new study by Polaris Market Research.
The report “Wind Turbine Casting Market Analysis By Type (Horizontal Axis, Vertical Axis); By Application (Onshore, Offshore); By Regions, Segments and Forecasts, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The wind energy is the alternative energy of the conventional energy sources, as it primarily uses kinetic energy from wind and transforms it into electricity.
The growth in awareness about the alternative energy sources among the leading end users to meet the industry standards and government standards.
Moreover, in general wind turbine are formed and manufactured to maintain its lifespan of 20 years.
Considering the wind turbine, it has different components, including a tower, gearbox, mainframe, rotor blades, rotor bearings, generators, power converter, rotor hub, primary shaft, nacelle housing, and wires.
The Global Wind Turbine Casting Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on type and application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Wind Turbine Casting Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/15035-wind-turbine-casting-market-reportThe report also covers the complete competitive landscape of the worldwide market with company profiles of key players such asDHI DCW Group Co., Ltd.Elyria Foundry Company, LLCEnerconGlobal CastingsGoldwindPremier Heavy EngineeringRiyue Heavy Industry Corporation Ltd.SAKANA GroupSEFORGESHW Casting Technologies GmbH & Co. KGSinovelSuzlonVestasA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Type:Horizontal AxisVertical AxisBy Applications:OnshoreOffshoreOthersBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Latin America (LA)Middle East & Africa (MEA)Download Free Sample Report of Global Wind Turbine Casting Market @ https://www.decisiondatabases.com/contact/download-sample-15035The Global Wind Turbine Casting Market has been exhibited in detail in the following chapters –Chapter 1 Wind Turbine Casting Market PrefaceChapter 2 Executive SummaryChapter 3 Wind Turbine Casting Industry AnalysisChapter 4 Wind Turbine Casting Market Value Chain AnalysisChapter 5 Wind Turbine Casting Market Analysis By TypeChapter 6 Wind Turbine Casting Market Analysis By ApplicationsChapter 7 Wind Turbine Casting Market Analysis By GeographyChapter 8 Competitive Landscape Of Wind Turbine Casting CompaniesChapter 9 Company Profiles Of Wind Turbine Casting IndustryPurchase the complete Global Wind Turbine Casting Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-15035Other Reports by DecisionDatabases.com:Global Offshore Wind Turbines Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Steam Turbine Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Gas Turbines Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
New York, NY 17 Feb 2021: The global wind turbine casting market size is expected to reach USD 2.9 billion by 2027 according to a new study by Polaris Market Research.
The report “Wind Turbine Casting Market Analysis By Type (Horizontal Axis, Vertical Axis); By Application (Onshore, Offshore); By Regions, Segments and Forecasts, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The wind energy is the alternative energy of the conventional energy sources, as it primarily uses kinetic energy from wind and transforms it into electricity.
The growth in awareness about the alternative energy sources among the leading end users to meet the industry standards and government standards.
Moreover, in general wind turbine are formed and manufactured to maintain its lifespan of 20 years.
Considering the wind turbine, it has different components, including a tower, gearbox, mainframe, rotor blades, rotor bearings, generators, power converter, rotor hub, primary shaft, nacelle housing, and wires.
