Global Electric Power Forging Market Growth (Status and Outlook) 2024-2030

Global Electric Power Forging Market Growth (Status and Outlook) 2024-2030


Electric Power Forgings are workpieces or blanks obtained by forging and deforming metal billets. They are a common type of forgings used in the power industry. Forging is a processing method that uses a forging machine to apply pressure to a metal billet to cause it to undergo plastic deformation, thereby obtaining a certain shape, size, and mechanical properties.

The global Electric Power Forging market size is projected to grow from US$ million in 2024 to US$ million in 2030; it is expected to grow at a CAGR of %from 2024 to 2030.

LPI (LP Information)' newest research report, the “Electric Power Forging Industry Forecast” looks at past sales and reviews total world Electric Power Forging sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Power Forging sales for 2023 through 2029. With Electric Power Forging sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Power Forging industry.

This Insight Report provides a comprehensive analysis of the global Electric Power Forging landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Electric Power Forging portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electric Power Forging market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Power Forging and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Power Forging.

Technological progress and innovation:

Technological progress is the core driving force of innovation in the power forging industry. With the combination of computer simulation and data analysis technology, the forging process can be more accurately controlled and predicted, thereby improving production efficiency and reducing costs.

Optimization measures such as optimizing mold design and improving heating temperature control accuracy can further improve the forming performance and material utilization of forgings. At the same time, advanced heat treatment technology can improve the internal structure and performance of forgings, and improve their service life and reliability.

Market demand and customized production:

With the continuous improvement of downstream industries' requirements for forging product accuracy, performance, life, reliability, etc., the power forging industry needs to continuously improve its customized production capabilities to meet the diversified needs of the market.

Industrial structure optimization:

Traditional heavy forging is gradually developing towards precision forging and special forging. Power forging companies should accelerate transformation and upgrading and improve their technical level to meet the market demand for high-quality, high-performance forgings.

Focus:

As the global community seeks to use more alternative energy sources, the demand for high-reliability and durable forged parts will continue to increase. Until recently, sourcing many critical forged components could take a year or more due to supply chain shortages and bottlenecks, which could threaten the viability of renewable energy projects.

Now, a leading forged component manufacturer has streamlined the manufacturing process for a wide range of durable custom forged components to less than two months, helping to speed project completion and reduce overall costs.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Power Forging market by product type, application, key players and key regions and countries.

Segmentation by Type:
Rolled Ring Forging
Free Forging
Die Forging

Segmentation by Application:
Thermal Power
Wind Power
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

Segmentation by Type:
Rolled Ring Forging
Free Forging
Die Forging

Segmentation by Application:
Thermal Power
Wind Power
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
HWM
FRISA
Scot Forge
Forgital Group
Hitachi Metals
All Metals & Forge Group
Wuxi Paike New Materials
Jiangyin Hengrun Heavy
Baoding Technology
Tongyu Heavy Industry

Please note: The report will take approximately 2 business days to prepare and deliver.


*This is a tentative TOC and the final deliverable is subject to change.*
1 Scope of the Report
2 Executive Summary
3 Electric Power Forging Market Size by Player
4 Electric Power Forging by Region
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Global Electric Power Forging Market Forecast
11 Key Players Analysis
12 Research Findings and Conclusion

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