The Wind Turbine Casting Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Wind Turbine Casting Market?
The market size of the wind turbine casting industry has seen robust growth in past years. The market is expected to expand from $2.31 billion in 2024 to $2.46 billion in 2025, with a compound annual growth rate (CAGR) of 6.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Wind Turbine Casting Industry?
The Wind Turbine Casting Global Market is projected to reach $3.35 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.0%.
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What are the Key Growth Drivers Fueling the Wind Turbine Casting Market?
The key drivers in the wind turbine casting market are:
• Expansion of offshore wind farms
• Integration and storage of wind energy in grids
• Favorable policies supporting wind energy usage
• Rising global electrification trends and increasing wind turbine heights
Global Market Segmentation: Identifying Major Wind Turbine Casting Industry Segments
The wind turbine casting market covered in this report is segmented –
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
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What are the Emerging Trends Shaping the Future of the Wind Turbine Casting Market?
The key trends in the wind turbine casting market are:
• The integration of 3D printing technology is an emerging trend in the wind turbine casting market.
• There is a noticeable trend towards multi-material castings in the industry.
• Design optimization and innovation are increasingly shaping the future of the market.
• Collaborations and partnerships are becoming more prevalent, pointing to a growing trend in the forecast period.
Who Are the Top Competitors & Leading Players in the Wind Turbine Casting Market?
Major companies in the wind turbine casting market 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
• ZF Friedrichshafen AG
• Senvion S.A
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the wind turbine casting market in 2024
