The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increasing demand for renewable energy are expected to drive innovation in wind turbine casting manufacturing, thus driving the market during the forecast period.

The global wind turbine casting market is expected to grow from $2.02 billion in 2022 to $2.17 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The wind turbine casting market size is expected to grow to $2.78 billion in 2027 at a CAGR of 6.4%.

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Global Wind Turbine Casting Market Segments Include:

• By Type: Horizontal Axis, Vertical Axis
• By Material: Copper, Glass-Reinforced Plastic, Concrete
• By Application: Onshore, Offshore
• By End-User: Industrial, Commercial, Residential
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global wind turbine casting market in 2021.

Major Market Players in the wind turbine casting market include Suzlon Energy Limited, Sinovel Wind Group Co Ltd., Mingyang Smart Energy Group Co Ltd., Vestas Co, DHI DCW Group Co Ltd., Premier Heavy Engineering Ltd.

Technological advancements have emerged as a key trend gaining popularity in the wind turbine market. Major companies operating in the wind turbine casting market are focused on innovating new technologies to sustain their position. For instance, in September 2021, Siemens Gamesa Renewable Energy, a Germany-based renewable energy company, launched the recyclable wind turbine blade. This wind turbine blade can be recycled at the end of its lifecycle. The recyclable blade recovery technique uses a moderately acidic solution to separate the materials at the end of the wind turbine’s lifetime. These materials can then be recycled and repurposed in various industries such as construction, consumer goods, and vehicle manufacturing.

The Wind Turbine Casting Global Market Report 2023  provides a wind turbine casting market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The wind turbine casting market forecast analyzes wind turbine casting market size, wind turbine casting market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Wind turbine casting refers to components that are cast or moulded according to specifications and then assembled to construct wind energy systems. It is designed to capture the air that flows through them in a small pocket of air, pulling the blade down and causing it to revolve.

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