Wind Turbine Casting Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 - 2024

Report Code: EPR 90775 Report Format: PDF + Excel (Delivery in 48 Hrs)
Wind Turbine Casting Market Overview:

‘Low carbon economy’ is a major trend occupying a substantial share of the global energy forum. Concerns towards ecological sustainability is depleting the custom usage of conventional resources and diverting energy vendors to capitalize upon renewable energy sources. The wind energy sector is an absolute example, in which wind turbine converts the wind's kinetic energy into electrical energy. As per the International Energy Association (IEA), application of renewable energy sources is forecast to grow 13% more in 2015-2021, and with effective policies supporting the development, costs of onshore wind energy are to drop by 15%[1].  Leveraging this stride the wind turbine casting market is pacing up and has mounted towards a staggering market size of $1,920 million as of 2018.

Wind Turbine Casting Market Outlook:

Casting is an industrial method of pouring liquid material into a mold, which contains a hollow cavity of the desired shape, and then allowed to solidify. In wind turbines, the primary parts that undergo casting are rotor hubs, rotor blades, axle pins, and rotor shaft.

With major regions such as North America, APAC, and European Union implying wind energy as a chief renewable source of power generation, the wind turbine casting market is progressing at a healthy global CAGR of 5.95% during the forecast period of 2019-2025. Furthermore, a critical review of the regional market share identifies APAC as the leading region with 45% of global demand falling under its terrain in 2018. China being a global industrialization hub and with the largest population is in a constant quest for alternative power sources to counter power security. Following the renewables endeavor, China in 2015, accounted for about 50% of the global wind energy and 40% of all renewable capacity upsurges with two wind turbines being mounted per hour[2].  Similarly, as per the World Wind Energy Association, out of the 600GW wind power capacity in 2018, China hosted more than 200GW and the United States adjacent to 100GW.

On the basis of types, the wind turbine casting market share can be segmented into horizontal axis and vertical axis and major categories in the application segment include onshore and offshore. Onshore category, holds the apex spot owing to easy installation and maintenance operations. Inexpensive investments control the electricity generation cost, hence the price of energy output is also economically feasible and commercially adaptable. Onshore segment is progressing with an application CAGR of 4.98% going through 2025.

Wind Turbine Casting Market Trends and growth Drivers:

Sustainable development scenario (SDS) is a major growth driver disrupting the global wind turbine casting market. Reported by IEA, to fetch the SDS target, a 5.6% annual decrease is mandatory in unabated coal generation and the organization has estimated that by 2040 non-fossil electricity will account for an astonishing 77.8% of total power generation[3].  Thus the wind energy sector as an integral part of renewables has all the necessary potential to divert a substantial share of revenue from non-fossil energy sector positively impacting the wind turbine casting arcade.
 
The World Bank Group in 2019, announced a program to keep track on adoption of offshore wind energy in developing economies. Along with IFC, the World Bank is on target for taking investments for offshore wind from $26 billion in annual investments to $500 billion by 2030[4]

Benefiting from tax credits, state-specific development goals, and cost diminutions, renewable energy vendors are investing in R&D and deriving variations in the wind turbine market. Such innovations augment variety and hence create demand for wind turbine casting market.

Some of the latest trends in the field of wind turbines are-

Typhoon Turbine, invented in Japan is estimated to arrest massive amounts of energy contained within storms and release it for utility. The inventor estimates that one typhoon could power a nation for 50years, and tests conducted using a scale model was promising.

Bladeless Turbine, considering the bird safety issues engineers fashioned the Vortex Bladeless wind energy generator, in a shape of a tall thin straw. Apart from bird safety, economic aspect is derived by the fact that several bladeless turbines are installed in a space occupied by a traditional blade wind turbine and manufacturing costs are reduced by 53 percent and maintenance costs by nearly 80 percent.

Wind Turbine Casting Market Challenges:

Worthy wind sites are generally situated in distant locations, remote from cities where the electricity is compulsory. Building long transmission lines to bring the electricity from the wind farm to the city is an expensive operation impacting the scalable commercialization. However, building just a few already-proposed transmission lines could considerably reduce the budgets of expanding wind energy.



Wind Turbine Casting Market Players Perspective:

Some of the key players controlling the majority of wind turbine casting market share are SHW Casting Technologies GmbH & Co. KG, SAKANA Group, Global Castings, SEFORGE, Riyue Heavy Industry, Sinovel Corporation Ltd., Elyria Foundry Company, LLC., Premier Heavy Engineering, DHI DCW Group Co., Ltd., and Vestas.

Wind Turbine Casting Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the wind turbine casting market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the various applications in wind turbine casting market, and their specific advantages.

The Wind Turbine Casting Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  • Middle East and Africa: Israel, South Africa, Saudi Arabia 

Key Questions Addressed in the Wind Turbine Casting Market Report

1. Is the market for the Wind Turbine Casting Market growing? How long will it continue to grow and at what rate? 
2. Which type of systems presents the major growth opportunities? 
3. Is there a possibility for change in the market structure over time?  
4. Are additional developments needed for the existing product or services offerings or do the existing products meet the customer demands? 
5. Do the key vendors look for partnerships to expand their businesses with respect to geography or product? 
6. What are the short-term, long-term, and medium-term growth drivers for the market? 
7. What are the short-term, medium-term, and long-term challenges for the market? 
8. What are the short-term, medium-term, and long-term opportunities for the market 
9. Who are the top players/companies of the market? 
10. What are the recent innovations in the market? 
11. How many patents have been filed by the leading players? 
12. What are the types of patents filed by the leading players? 
13. What is our Vision 2030 for wind turbine casting market? 


A few focus points of this Research are given below:

  • Give a deep-dive analysis of the key operational strategies with focus on the corporate structure, R&D strategies, localization strategies, production capabilities, and sales performance of various companies
  • Provide an overview of the product portfolio, including product planning, development, and positioning
  • Discuss the role of technology companies in partnerships
  • Explore the regional sales activities
  • Analyze the market size and giving the forecast for current and future wind turbine casting during the forecast 2019–2025
  • Analyze the competitive factors, competitors’ market shares, product capabilities, and supply chain structures.

Reference:

[1]https://www.iea.org/newsroom/news/2016/october/iea-raises-its-five-year-renewable-growth-forecast-as-2015-marks-record-year.html
[2]https://www.iea.org/newsroom/news/2016/october/iea-raises-its-five-year-renewable-growth-forecast-as-2015-marks-record-year.html
[3]https://www.iea.org/tcep/power/coal/
[4]https://www.worldbank.org/en/news/press-release/2019/03/06/new-program-to-accelerate-expansion-of-offshore-wind-power-in-developing-countries
1. Wind Turbine Casting Market - Overview
        1.1 Definitions and Scope
2. Wind Turbine Casting Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Wind Turbine Casting Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Wind Turbine Casting Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Wind Turbine Casting Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Wind Turbine Casting Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Wind Turbine Casting Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Wind Turbine Casting Market - By Product (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Wind Turbine Casting Market - By Type (Market Size -$Million / $Billion)
9.1 Horizontal axis
9.2 Vertical Axis
10. Wind Turbine Casting - By Application (Market Size -$Million / $Billion)
10.1 Onshore
10.2 Offshore
10.3 Others
11. Wind Turbine Casting- By Geography (Market Size -$Million / $Billion)
        11.1 Wind Turbine Casting Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Wind Turbine Casting- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Wind Turbine Casting- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Wind Turbine Casting - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Wind Turbine Casting - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Wind Turbine Casting Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Wind Turbine Casting Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Wind Turbine Casting Market - Key Company List by Country Premium
15. Wind Turbine Casting Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Casting
        15.3 Dhi Dcw Group Co , Ltd
        15.4 Elyria Foundry Company, Llc
        15.5 Enercon
        15.6 Goldwind
        15.7 Premier Heavy Engineering
        15.8 Riyue Heavy Industry Corporation Ltd
        15.9 Sakana Group
        15.10 Seforge
        15.11 Shw Casting Technology Gmbh Co. Kg
        15.12 Sinovel
        15.13 Suzlon
        15.14 Vesta
        15.15 Company 14
        15.16 Company 15 & More
*Financials would be provided on a best efforts basis for private companies
16. Wind Turbine Casting Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Wind Turbine Casting Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Wind Turbine Casting Market:Type Estimate Trend Analysis Market 2019-2024 ($M)
1.1 Vertical Axis Market 2019-2024 ($M) - Global Industry Research
2.Global Wind Turbine Casting Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
2.1 Onshore Market 2019-2024 ($M) - Global Industry Research
2.2 Offshore Market 2019-2024 ($M) - Global Industry Research
3.Global Wind Turbine Casting Market:Type Estimate Trend Analysis Market 2019-2024 (Volume/Units)
3.1 Vertical Axis Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Wind Turbine Casting Market:Application Estimate Trend Analysis Market 2019-2024 (Volume/Units)
4.1 Onshore Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Offshore Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Wind Turbine Casting Market:Type Estimate Trend Analysis Market 2019-2024 ($M)
5.1 Vertical Axis Market 2019-2024 ($M) - Regional Industry Research
6.North America Wind Turbine Casting Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
6.1 Onshore Market 2019-2024 ($M) - Regional Industry Research
6.2 Offshore Market 2019-2024 ($M) - Regional Industry Research
7.South America Wind Turbine Casting Market:Type Estimate Trend Analysis Market 2019-2024 ($M)
7.1 Vertical Axis Market 2019-2024 ($M) - Regional Industry Research
8.South America Wind Turbine Casting Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
8.1 Onshore Market 2019-2024 ($M) - Regional Industry Research
8.2 Offshore Market 2019-2024 ($M) - Regional Industry Research
9.Europe Wind Turbine Casting Market:Type Estimate Trend Analysis Market 2019-2024 ($M)
9.1 Vertical Axis Market 2019-2024 ($M) - Regional Industry Research
10.Europe Wind Turbine Casting Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
10.1 Onshore Market 2019-2024 ($M) - Regional Industry Research
10.2 Offshore Market 2019-2024 ($M) - Regional Industry Research
11.APAC Wind Turbine Casting Market:Type Estimate Trend Analysis Market 2019-2024 ($M)
11.1 Vertical Axis Market 2019-2024 ($M) - Regional Industry Research
12.APAC Wind Turbine Casting Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
12.1 Onshore Market 2019-2024 ($M) - Regional Industry Research
12.2 Offshore Market 2019-2024 ($M) - Regional Industry Research
13.MENA Wind Turbine Casting Market:Type Estimate Trend Analysis Market 2019-2024 ($M)
13.1 Vertical Axis Market 2019-2024 ($M) - Regional Industry Research
14.MENA Wind Turbine Casting Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
14.1 Onshore Market 2019-2024 ($M) - Regional Industry Research
14.2 Offshore Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Wind Turbine Casting Market Revenue, 2019-2024 ($M)
2.Canada Wind Turbine Casting Market Revenue, 2019-2024 ($M)
3.Mexico Wind Turbine Casting Market Revenue, 2019-2024 ($M)
4.Brazil Wind Turbine Casting Market Revenue, 2019-2024 ($M)
5.Argentina Wind Turbine Casting Market Revenue, 2019-2024 ($M)
6.Peru Wind Turbine Casting Market Revenue, 2019-2024 ($M)
7.Colombia Wind Turbine Casting Market Revenue, 2019-2024 ($M)
8.Chile Wind Turbine Casting Market Revenue, 2019-2024 ($M)
9.Rest of South America Wind Turbine Casting Market Revenue, 2019-2024 ($M)
10.UK Wind Turbine Casting Market Revenue, 2019-2024 ($M)
11.Germany Wind Turbine Casting Market Revenue, 2019-2024 ($M)
12.France Wind Turbine Casting Market Revenue, 2019-2024 ($M)
13.Italy Wind Turbine Casting Market Revenue, 2019-2024 ($M)
14.Spain Wind Turbine Casting Market Revenue, 2019-2024 ($M)
15.Rest of Europe Wind Turbine Casting Market Revenue, 2019-2024 ($M)
16.China Wind Turbine Casting Market Revenue, 2019-2024 ($M)
17.India Wind Turbine Casting Market Revenue, 2019-2024 ($M)
18.Japan Wind Turbine Casting Market Revenue, 2019-2024 ($M)
19.South Korea Wind Turbine Casting Market Revenue, 2019-2024 ($M)
20.South Africa Wind Turbine Casting Market Revenue, 2019-2024 ($M)
21.North America Wind Turbine Casting By Application
22.South America Wind Turbine Casting By Application
23.Europe Wind Turbine Casting By Application
24.APAC Wind Turbine Casting By Application
25.MENA Wind Turbine Casting By Application
26.Vesta, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Sinovel, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Goldwind, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Enercon, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Dhi Dcw Group Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Suzlon, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Premier Heavy Engineering, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Shw Casting Technology Gmbh Co. Kg, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Sakana Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Casting, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Seforge, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Riyue Heavy Industry Corporation Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Elyria Foundry Company, Llc, Sales /Revenue, 2015-2018 ($Mn/$Bn)