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Wind Turbine Castings-Global Market Insights and Sales Trends 2025
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 size is expected to reach US$ 4819.3 million by 2029, growing at a CAGR of 13.9% from 2023 to 2029. The market is mainly driven by the significant applications of Wind Turbine Castings in various end use industries. The expanding demands from the Utilities, Industrial, Commercial and Others, are propelling Wind Turbine Castings market. Steel, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Glass-Reinforced Plastic segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Material, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Wind Turbine Castings, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Wind Turbine Castings market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Wind Turbine Castings market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Wind Turbine Castings sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Wind Turbine Castings covered in this report include Goldwind Science & Technology, Premier, SAKANA, Suzlon Energy, ENERCON, Riyue Heavy, shandong longma Heavy, Simplex Castings and Sinovel Wind, etc.
The global Wind Turbine Castings market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Goldwind Science & Technology
Premier
SAKANA
Suzlon Energy
ENERCON
Riyue Heavy
shandong longma Heavy
Simplex Castings
Sinovel Wind
K&M
Global Wind Turbine Castings market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Wind Turbine Castings market, Segment by Material:
Steel
Glass-Reinforced Plastic
Concrete
Copper
Others
Global Wind Turbine Castings market, by Application
Utilities
Industrial
Commercial
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Wind Turbine Castings companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
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 size is expected to reach US$ 4819.3 million by 2029, growing at a CAGR of 13.9% from 2023 to 2029. The market is mainly driven by the significant applications of Wind Turbine Castings in various end use industries. The expanding demands from the Utilities, Industrial, Commercial and Others, are propelling Wind Turbine Castings market. Steel, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Glass-Reinforced Plastic segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Material, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Wind Turbine Castings, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Wind Turbine Castings market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Wind Turbine Castings market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Wind Turbine Castings sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Wind Turbine Castings covered in this report include Goldwind Science & Technology, Premier, SAKANA, Suzlon Energy, ENERCON, Riyue Heavy, shandong longma Heavy, Simplex Castings and Sinovel Wind, etc.
The global Wind Turbine Castings market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Goldwind Science & Technology
Premier
SAKANA
Suzlon Energy
ENERCON
Riyue Heavy
shandong longma Heavy
Simplex Castings
Sinovel Wind
K&M
Global Wind Turbine Castings market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Wind Turbine Castings market, Segment by Material:
Steel
Glass-Reinforced Plastic
Concrete
Copper
Others
Global Wind Turbine Castings market, by Application
Utilities
Industrial
Commercial
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Wind Turbine Castings companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
Index1 Market Overview of Wind Turbine Castings
1.1 Wind Turbine Castings Market Overview
1.1.1 Wind Turbine Castings Product Scope
1.1.2 Wind Turbine Castings Market Status and Outlook
1.2 Global Wind Turbine Castings Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Wind Turbine Castings Market Size by Region (2018-2029)
1.4 Global Wind Turbine Castings Historic Market Size by Region (2018-2023)
1.5 Global Wind Turbine Castings Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Wind Turbine Castings Market Size (2018-2029)
1.6.1 North America Wind Turbine Castings Market Size (2018-2029)
1.6.2 Europe Wind Turbine Castings Market Size (2018-2029)
1.6.3 Asia-Pacific Wind Turbine Castings Market Size (2018-2029)
1.6.4 Latin America Wind Turbine Castings Market Size (2018-2029)
1.6.5 Middle East & Africa Wind Turbine Castings Market Size (2018-2029)
2 Wind Turbine Castings Market by Material
2.1 Introduction
2.1.1 Steel
2.1.2 Glass-Reinforced Plastic
2.1.3 Concrete
2.1.4 Copper
2.1.5 Others
2.2 Global Wind Turbine Castings Market Size by Material: 2018 VS 2022 VS 2029
2.2.1 Global Wind Turbine Castings Historic Market Size by Material (2018-2023)
2.2.2 Global Wind Turbine Castings Forecasted Market Size by Material (2024-2029)
2.3 Key Regions Market Size by Material
2.3.1 North America Wind Turbine Castings Revenue Breakdown by Material (2018-2029)
2.3.2 Europe Wind Turbine Castings Revenue Breakdown by Material (2018-2029)
2.3.3 Asia-Pacific Wind Turbine Castings Revenue Breakdown by Material (2018-2029)
2.3.4 Latin America Wind Turbine Castings Revenue Breakdown by Material (2018-2029)
2.3.5 Middle East and Africa Wind Turbine Castings Revenue Breakdown by Material (2018-2029)
3 Wind Turbine Castings Market Overview by Application
3.1 Introduction
3.1.1 Utilities
3.1.2 Industrial
3.1.3 Commercial
3.1.4 Others
3.2 Global Wind Turbine Castings Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Wind Turbine Castings Historic Market Size by Application (2018-2023)
3.2.2 Global Wind Turbine Castings Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Wind Turbine Castings Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Wind Turbine Castings Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Wind Turbine Castings Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Wind Turbine Castings Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Wind Turbine Castings Revenue Breakdown by Application (2018-2029)
4 Wind Turbine Castings Competition Analysis by Players
4.1 Global Wind Turbine Castings Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Wind Turbine Castings as of 2022)
4.3 Date of Key Players Enter into Wind Turbine Castings Market
4.4 Global Top Players Wind Turbine Castings Headquarters and Area Served
4.5 Key Players Wind Turbine Castings Product Solution and Service
4.6 Competitive Status
4.6.1 Wind Turbine Castings Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Goldwind Science & Technology
5.1.1 Goldwind Science & Technology Profile
5.1.2 Goldwind Science & Technology Main Business
5.1.3 Goldwind Science & Technology Wind Turbine Castings Products, Services and Solutions
5.1.4 Goldwind Science & Technology Wind Turbine Castings Revenue (US$ Million) & (2018-2023)
5.1.5 Goldwind Science & Technology Recent Developments
5.2 Premier
5.2.1 Premier Profile
5.2.2 Premier Main Business
5.2.3 Premier Wind Turbine Castings Products, Services and Solutions
5.2.4 Premier Wind Turbine Castings Revenue (US$ Million) & (2018-2023)
5.2.5 Premier Recent Developments
5.3 SAKANA
5.3.1 SAKANA Profile
5.3.2 SAKANA Main Business
5.3.3 SAKANA Wind Turbine Castings Products, Services and Solutions
5.3.4 SAKANA Wind Turbine Castings Revenue (US$ Million) & (2018-2023)
5.3.5 Suzlon Energy Recent Developments
5.4 Suzlon Energy
5.4.1 Suzlon Energy Profile
5.4.2 Suzlon Energy Main Business
5.4.3 Suzlon Energy Wind Turbine Castings Products, Services and Solutions
5.4.4 Suzlon Energy Wind Turbine Castings Revenue (US$ Million) & (2018-2023)
5.4.5 Suzlon Energy Recent Developments
5.5 ENERCON
5.5.1 ENERCON Profile
5.5.2 ENERCON Main Business
5.5.3 ENERCON Wind Turbine Castings Products, Services and Solutions
5.5.4 ENERCON Wind Turbine Castings Revenue (US$ Million) & (2018-2023)
5.5.5 ENERCON Recent Developments
5.6 Riyue Heavy
5.6.1 Riyue Heavy Profile
5.6.2 Riyue Heavy Main Business
5.6.3 Riyue Heavy Wind Turbine Castings Products, Services and Solutions
5.6.4 Riyue Heavy Wind Turbine Castings Revenue (US$ Million) & (2018-2023)
5.6.5 Riyue Heavy Recent Developments
5.7 shandong longma Heavy
5.7.1 shandong longma Heavy Profile
5.7.2 shandong longma Heavy Main Business
5.7.3 shandong longma Heavy Wind Turbine Castings Products, Services and Solutions
5.7.4 shandong longma Heavy Wind Turbine Castings Revenue (US$ Million) & (2018-2023)
5.7.5 shandong longma Heavy Recent Developments
5.8 Simplex Castings
5.8.1 Simplex Castings Profile
5.8.2 Simplex Castings Main Business
5.8.3 Simplex Castings Wind Turbine Castings Products, Services and Solutions
5.8.4 Simplex Castings Wind Turbine Castings Revenue (US$ Million) & (2018-2023)
5.8.5 Simplex Castings Recent Developments
5.9 Sinovel Wind
5.9.1 Sinovel Wind Profile
5.9.2 Sinovel Wind Main Business
5.9.3 Sinovel Wind Wind Turbine Castings Products, Services and Solutions
5.9.4 Sinovel Wind Wind Turbine Castings Revenue (US$ Million) & (2018-2023)
5.9.5 Sinovel Wind Recent Developments
5.10 K&M
5.10.1 K&M Profile
5.10.2 K&M Main Business
5.10.3 K&M Wind Turbine Castings Products, Services and Solutions
5.10.4 K&M Wind Turbine Castings Revenue (US$ Million) & (2018-2023)
5.10.5 K&M Recent Developments
6 North America
6.1 North America Wind Turbine Castings Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Wind Turbine Castings Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Wind Turbine Castings Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Wind Turbine Castings Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Wind Turbine Castings Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Wind Turbine Castings Market Dynamics
11.1 Wind Turbine Castings Industry Trends
11.2 Wind Turbine Castings Market Drivers
11.3 Wind Turbine Castings Market Challenges
11.4 Wind Turbine Castings Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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