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Global Wind Turbine Castings Market Research Report 2024
Synopsis
Wind Turbine Casting is the casting accessories used in the wind energy systems and equipment. Wind turbine castings including fan hub, fan base and gearbox casing and so on.
The global Wind Turbine Castings market was valued at US$ 1903 million in 2023 and is anticipated to reach US$ 4819.3 million by 2030, witnessing a CAGR of 13.9% during the forecast period 2024-2030.
According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China's installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.
This report aims to provide a comprehensive presentation of the global market for Wind Turbine Castings, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wind Turbine Castings.
Report Scope
The Wind Turbine Castings market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Wind Turbine Castings market comprehensively. Regional market sizes, concerning products by Material, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Wind Turbine Castings companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Material, by Application, and by regions.
Market Segmentation
By Company
Goldwind Science & Technology
Premier
SAKANA
Suzlon Energy
ENERCON
Riyue Heavy
shandong longma Heavy
Simplex Castings
Sinovel Wind
K&M
Segment by Material
Steel
Glass-Reinforced Plastic
Concrete
Copper
Others
Segment by Application
Utilities
Industrial
Commercial
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Material, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Wind Turbine Castings companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Material, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Wind Turbine Casting is the casting accessories used in the wind energy systems and equipment. Wind turbine castings including fan hub, fan base and gearbox casing and so on.
The global Wind Turbine Castings market was valued at US$ 1903 million in 2023 and is anticipated to reach US$ 4819.3 million by 2030, witnessing a CAGR of 13.9% during the forecast period 2024-2030.
According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China's installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.
This report aims to provide a comprehensive presentation of the global market for Wind Turbine Castings, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wind Turbine Castings.
Report Scope
The Wind Turbine Castings market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Wind Turbine Castings market comprehensively. Regional market sizes, concerning products by Material, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Wind Turbine Castings companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Material, by Application, and by regions.
Market Segmentation
By Company
Goldwind Science & Technology
Premier
SAKANA
Suzlon Energy
ENERCON
Riyue Heavy
shandong longma Heavy
Simplex Castings
Sinovel Wind
K&M
Segment by Material
Steel
Glass-Reinforced Plastic
Concrete
Copper
Others
Segment by Application
Utilities
Industrial
Commercial
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Material, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Wind Turbine Castings companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Material, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Material
1.2.1 Global Wind Turbine Castings Market Size Growth Rate by Material: 2019 VS 2023 VS 2030
1.2.2 Steel
1.2.3 Glass-Reinforced Plastic
1.2.4 Concrete
1.2.5 Copper
1.2.6 Others
1.3 Market by Application
1.3.1 Global Wind Turbine Castings Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Utilities
1.3.3 Industrial
1.3.4 Commercial
1.3.5 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Wind Turbine Castings Market Perspective (2019-2030)
2.2 Wind Turbine Castings Growth Trends by Region
2.2.1 Global Wind Turbine Castings Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Wind Turbine Castings Historic Market Size by Region (2019-2024)
2.2.3 Wind Turbine Castings Forecasted Market Size by Region (2025-2030)
2.3 Wind Turbine Castings Market Dynamics
2.3.1 Wind Turbine Castings Industry Trends
2.3.2 Wind Turbine Castings Market Drivers
2.3.3 Wind Turbine Castings Market Challenges
2.3.4 Wind Turbine Castings Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Wind Turbine Castings Players by Revenue
3.1.1 Global Top Wind Turbine Castings Players by Revenue (2019-2024)
3.1.2 Global Wind Turbine Castings Revenue Market Share by Players (2019-2024)
3.2 Global Wind Turbine Castings Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Wind Turbine Castings Revenue
3.4 Global Wind Turbine Castings Market Concentration Ratio
3.4.1 Global Wind Turbine Castings Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Wind Turbine Castings Revenue in 2023
3.5 Wind Turbine Castings Key Players Head office and Area Served
3.6 Key Players Wind Turbine Castings Product Solution and Service
3.7 Date of Enter into Wind Turbine Castings Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Wind Turbine Castings Breakdown Data by Material
4.1 Global Wind Turbine Castings Historic Market Size by Material (2019-2024)
4.2 Global Wind Turbine Castings Forecasted Market Size by Material (2025-2030)
5 Wind Turbine Castings Breakdown Data by Application
5.1 Global Wind Turbine Castings Historic Market Size by Application (2019-2024)
5.2 Global Wind Turbine Castings Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Wind Turbine Castings Market Size (2019-2030)
6.2 North America Wind Turbine Castings Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Wind Turbine Castings Market Size by Country (2019-2024)
6.4 North America Wind Turbine Castings Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Wind Turbine Castings Market Size (2019-2030)
7.2 Europe Wind Turbine Castings Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Wind Turbine Castings Market Size by Country (2019-2024)
7.4 Europe Wind Turbine Castings Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Wind Turbine Castings Market Size (2019-2030)
8.2 Asia-Pacific Wind Turbine Castings Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Wind Turbine Castings Market Size by Region (2019-2024)
8.4 Asia-Pacific Wind Turbine Castings Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Wind Turbine Castings Market Size (2019-2030)
9.2 Latin America Wind Turbine Castings Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Wind Turbine Castings Market Size by Country (2019-2024)
9.4 Latin America Wind Turbine Castings Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Wind Turbine Castings Market Size (2019-2030)
10.2 Middle East & Africa Wind Turbine Castings Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Wind Turbine Castings Market Size by Country (2019-2024)
10.4 Middle East & Africa Wind Turbine Castings Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Goldwind Science & Technology
11.1.1 Goldwind Science & Technology Company Detail
11.1.2 Goldwind Science & Technology Business Overview
11.1.3 Goldwind Science & Technology Wind Turbine Castings Introduction
11.1.4 Goldwind Science & Technology Revenue in Wind Turbine Castings Business (2019-2024)
11.1.5 Goldwind Science & Technology Recent Development
11.2 Premier
11.2.1 Premier Company Detail
11.2.2 Premier Business Overview
11.2.3 Premier Wind Turbine Castings Introduction
11.2.4 Premier Revenue in Wind Turbine Castings Business (2019-2024)
11.2.5 Premier Recent Development
11.3 SAKANA
11.3.1 SAKANA Company Detail
11.3.2 SAKANA Business Overview
11.3.3 SAKANA Wind Turbine Castings Introduction
11.3.4 SAKANA Revenue in Wind Turbine Castings Business (2019-2024)
11.3.5 SAKANA Recent Development
11.4 Suzlon Energy
11.4.1 Suzlon Energy Company Detail
11.4.2 Suzlon Energy Business Overview
11.4.3 Suzlon Energy Wind Turbine Castings Introduction
11.4.4 Suzlon Energy Revenue in Wind Turbine Castings Business (2019-2024)
11.4.5 Suzlon Energy Recent Development
11.5 ENERCON
11.5.1 ENERCON Company Detail
11.5.2 ENERCON Business Overview
11.5.3 ENERCON Wind Turbine Castings Introduction
11.5.4 ENERCON Revenue in Wind Turbine Castings Business (2019-2024)
11.5.5 ENERCON Recent Development
11.6 Riyue Heavy
11.6.1 Riyue Heavy Company Detail
11.6.2 Riyue Heavy Business Overview
11.6.3 Riyue Heavy Wind Turbine Castings Introduction
11.6.4 Riyue Heavy Revenue in Wind Turbine Castings Business (2019-2024)
11.6.5 Riyue Heavy Recent Development
11.7 shandong longma Heavy
11.7.1 shandong longma Heavy Company Detail
11.7.2 shandong longma Heavy Business Overview
11.7.3 shandong longma Heavy Wind Turbine Castings Introduction
11.7.4 shandong longma Heavy Revenue in Wind Turbine Castings Business (2019-2024)
11.7.5 shandong longma Heavy Recent Development
11.8 Simplex Castings
11.8.1 Simplex Castings Company Detail
11.8.2 Simplex Castings Business Overview
11.8.3 Simplex Castings Wind Turbine Castings Introduction
11.8.4 Simplex Castings Revenue in Wind Turbine Castings Business (2019-2024)
11.8.5 Simplex Castings Recent Development
11.9 Sinovel Wind
11.9.1 Sinovel Wind Company Detail
11.9.2 Sinovel Wind Business Overview
11.9.3 Sinovel Wind Wind Turbine Castings Introduction
11.9.4 Sinovel Wind Revenue in Wind Turbine Castings Business (2019-2024)
11.9.5 Sinovel Wind Recent Development
11.10 K&M
11.10.1 K&M Company Detail
11.10.2 K&M Business Overview
11.10.3 K&M Wind Turbine Castings Introduction
11.10.4 K&M Revenue in Wind Turbine Castings Business (2019-2024)
11.10.5 K&M Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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