Market Research

Wind Turbine Casting Market Size, Share, Trends, Industry Analysis Report: By Type (Horizontal Axis and Vertical Axis), Material Type, Application, Casting Technology, End Use, and Region (North America, Europe, Asia Pacific, Latin America, and Middle Eas

Best Price Guarantee Publisher Published Date SKU
from $4,250 Polaris Market Research & Consulting LLP January, 2025 PLRS19584895
Best Price Guarantee
Price from $4,250
Publisher Polaris Market Research & Consulting LLP
Published Date January, 2025
SKU PLRS19584895

The wind turbine casting market size is expected treach USD 4,597.45 million by 2034, according ta new study by Polaris Market Research. The report “Wind Turbine Casting Market Size, Share, Trends, Industry Analysis Report: By Type (Horizontal Axis and Vertical Axis), Material Type, Application, Casting Technology, End Use, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast 2025–2034” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

The wind turbine casting market demand is driven by the increasing global focus on renewable energy and the rising need treduce carbon emissions. Stringent government regulations drive wind power adoption, increasing demand for wind turbines and essential castings used in gearboxes, hubs, and blades, thereby supporting the growth of renewable energy infrastructure. The wind turbine casting market growth is alssupported by technological advancements that improve turbine efficiency, making wind energy more cost-competitive.

Government policies, increasing environmental awareness, and the transition tcleaner energy sources continue tdrive the wind turbine casting market expansion. The growing importance of reducing dependence on fossil fuels has resulted in increased investments in wind energy projects globally. China’s ambitious renewable energy goals and significant investments in wind power infrastructure exemplify this trend. Regions, such as Europe and Asia Pacific, are witnessing market growth as governments support wind power through policies and incentives.

Challenges such as volatility in raw material prices, particularly steel and aluminum, can adversely affect the profitability of casting manufacturers. Despite this, the wind turbine casting market remains attractive due tongoing technological innovations, which help reduce production costs and improve efficiency. Furthermore, strategic collaborations between key industry players, such as Vestas and ArcelorMittal, are enhancing the competitiveness of the sector. The wind turbine casting market is poised for continued growth, driven by increasing demand for renewable energy solutions and the ongoing advancements in turbine design and manufacturing.

Wind Turbine Casting Market Report Highlights

Based on type, the horizontal-axis wind turbine (HAWT) segment dominated the wind turbine casting market share in 2024, driven by cost-effective casting techniques, design flexibility, and enhanced turbine efficiency for large-scale and smaller applications.

By material type, the steel segment is expected tgrow rapidly in the wind turbine casting market, driven by the strength, durability, corrosion resistance, and cost-effective performance of the material, especially in offshore and high-load applications.

Asia Pacific led the wind turbine casting market revenue share in 2024 owing trapid wind energy growth, especially in China, supported by government policies, and advancements in turbine design.

A few global key market players are Sinovel Wind Group Co., Ltd.; Dean Group International; Vestas; ABB Ltd; Goldwind Science and Technology Co., Ltd.; Enercon GmbH; Dalian Huarui Heavy Industry Group Co., Ltd.; Suzlon Energy Limited; JS AutCast Foundry Pvt Ltd; and Sakana Group.

Polaris Market Research has segmented the wind turbine casting market report on the basis of type, material type, application, casting technology, end use, and region:

By Type Outlook (Revenue, USD Million, 2021–2034)

Horizontal Axis

Vertical Axis

By Material Type Outlook (Revenue, USD Million, 2021–2034)

Steel

Cast Iron

Aluminum Alloy

Glass-Reinforced Plastic

Copper

Others

By Application Outlook (Revenue, USD Million, 2021–2034)

Onshore

Offshore

By Casting Technology Outlook (Revenue, USD Million, 2021–2034)

Sand Casting

Chill Casting

Others

By End Use Outlook (Revenue, USD Million, 2021–2034)

Industrial

Commercial

Residential

By Regional Outlook (Revenue, USD Million, 2021–2034)

North America

US

Canada

Europe

Germany

France

UK

Italy

Spain

Netherlands

Russia

Rest of Europe

Asia Pacific

China

Japan

India

Malaysia

South Korea

Indonesia

Australia

Rest of Asia Pacific

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa

Rest of Middle East & Africa

Latin America

Mexico

Brazil

Argentina

Rest of Latin America


Chapter 1. Introduction
1.1 Report Description
1.1.1 Objective of the Study
1.1.2 Market Scope
1.1.3 Assumptions
1.2 Stakeholders
Chapter 2. Research Methodology
2.1 Research Methodology
2.2 Research Scope and Assumptions
2.3 Information Procurement
2.3.1 Purchased Database
2.3.2 Internal Database
2.3.3 Secondary Sources
2.3.4 Third Party Perspective
2.3.5 Primary Research
2.4 Information Analysis
2.4.1 Data Analysis Models
2.5 Market Formulation and Data Visualization
2.6 Data Validation and Publishing (Secondary Sources)
Chapter 3. Executive Summary
Chapter 4. Market Insights
4.1 Wind Turbine Casting – Industry Snapshot
4.2 Wind Turbine Casting Market - Value Chain Analysis
4.2.1 Wind Turbine Casting Market Dynamics
4.2.2 Drivers and Opportunities
4.2.2.1 Rise in Number of Installations in Offshore Applications
4.2.2.2 Rising Concerns on Environmental Pollution
4.2.3 Restraints and Challenges
4.2.3.1 Volatility in Raw Material Prices & High Installation Cost
4.3 Wind Turbine Casting Market – Porter’s Five Forces
4.3.1 Threat of Substitutes (Moderate)
4.3.2 Threat of New Entrants (Moderate)
4.3.3 Bargaining Power of Buyers (Moderate to High)
4.3.4 Bargaining Power of Suppliers (Moderate)
4.3.5 Competitive Rivalry (High)
4.4 Wind Turbine Casting Market – PESTLE Analysis
Chapter 5. Wind Turbine Casting Market Assessment by Type
5.1 Introduction
5.2 Horizontal Axis
5.3 Vertical Axis
Chapter 6. Wind Turbine Casting Market Assessment by Material Type
6.1 Introduction
6.2 Steel
6.3 Cast Iron
6.4 Aluminum Alloy
6.5 Glass-Reinforced Plastic
6.6 Copper
6.7 Others
Chapter 7. Wind Turbine Casting Market Assessment by Application
7.1 Introduction
7.2 Onshore
7.3 Offshore
Chapter 8. Wind Turbine Casting Market Assessment by Casting Technology
8.1 Introduction
8.2 Sand Casting
8.3 Chill Casting
8.4 Others
Chapter 9. Wind Turbine Casting Market Assessment by End Use
9.1 Introduction
9.2 Industrial
9.3 Commercial
9.4 Residential
Chapter 10. Wind Turbine Casting Market Assessment by Region
10.1 Introduction
10.2 Wind Turbine Casting Market – North America
10.2.1 North America Wind Turbine Casting, by Type
10.2.2 North America Wind Turbine Casting, by Material Type
10.2.3 North America Wind Turbine Casting, by Application
10.2.4 North America Wind Turbine Casting, by Casting Technology
10.2.5 North America Wind Turbine Casting, by End Use
10.2.6 Wind Turbine Casting Market – US
10.2.6.1 US Wind Turbine Casting, by Type
10.2.6.2 US Wind Turbine Casting, by Material Type
10.2.6.3 US Wind Turbine Casting, by Application
10.2.6.4 US Wind Turbine Casting, by Casting Technology
10.2.6.5 US Wind Turbine Casting, by End Use
10.2.7 Wind Turbine Casting Market – Canada
10.2.7.1 Canada Wind Turbine Casting, by Type
10.2.7.2 Canada Wind Turbine Casting, by Material Type
10.2.7.3 Canada Wind Turbine Casting, by Application
10.2.7.4 Canada Wind Turbine Casting, by Casting Technology
10.2.7.5 Canada Wind Turbine Casting, by End Use
10.3 Wind Turbine Casting Market – Europe
10.3.1 Europe Wind Turbine Casting, by Type
10.3.2 Europe Wind Turbine Casting, by Material Type
10.3.3 Europe Wind Turbine Casting, by Application
10.3.4 Europe Wind Turbine Casting, by Casting Technology
10.3.5 Europe Wind Turbine Casting, by End Use
10.3.6 Wind Turbine Casting Market – France
10.3.6.1 France Wind Turbine Casting, by Type
10.3.6.2 France Wind Turbine Casting, by Material Type
10.3.6.3 France Wind Turbine Casting, by Application
10.3.6.4 France Wind Turbine Casting, by Casting Technology
10.3.6.5 France Wind Turbine Casting, by End Use
10.3.7 Wind Turbine Casting Market – Germany
10.3.7.1 Germany Wind Turbine Casting, by Type
10.3.7.2 Germany Wind Turbine Casting, by Material Type
10.3.7.3 Germany Wind Turbine Casting, by Application
10.3.7.4 Germany Wind Turbine Casting, by Casting Technology
10.3.7.5 Germany Wind Turbine Casting, by End Use
10.3.8 Wind Turbine Casting Market – UK
10.3.8.1 UK Wind Turbine Casting, by Type
10.3.8.2 UK Wind Turbine Casting, by Material Type
10.3.8.3 UK Wind Turbine Casting, by Application
10.3.8.4 UK Wind Turbine Casting, by Casting Technology
10.3.8.5 UK Wind Turbine Casting, by End Use
10.3.9 Wind Turbine Casting Market – Italy
10.3.9.1 Italy Wind Turbine Casting, by Type
10.3.9.2 Italy Wind Turbine Casting, by Material Type
10.3.9.3 Italy Wind Turbine Casting, by Application
10.3.9.4 Italy Wind Turbine Casting, by Casting Technology
10.3.9.5 Italy Wind Turbine Casting, by End Use
10.3.10 Wind Turbine Casting Market – Netherlands
10.3.10.1 Netherlands Wind Turbine Casting, by Type
10.3.10.2 Netherlands Wind Turbine Casting, by Material Type
10.3.10.3 Netherlands Wind Turbine Casting, by Application
10.3.10.4 Netherlands Wind Turbine Casting, by Casting Technology
10.3.10.5 Netherlands Wind Turbine Casting, by End Use
10.3.11 Wind Turbine Casting Market – Spain
10.3.11.1 Spain Wind Turbine Casting, by Type
10.3.11.2 Spain Wind Turbine Casting, by Material Type
10.3.11.3 Spain Wind Turbine Casting, by Application
10.3.11.4 Spain Wind Turbine Casting, by Casting Technology
10.3.11.5 Spain Wind Turbine Casting, by End Use
10.3.12 Wind Turbine Casting Market – Russia
10.3.12.1 Russia Wind Turbine Casting, by Type
10.3.12.2 Russia Wind Turbine Casting, by Material Type
10.3.12.3 Russia Wind Turbine Casting, by Application
10.3.12.4 Russia Wind Turbine Casting, by Casting Technology
10.3.12.5 Russia Wind Turbine Casting, by End Use
10.3.13 Wind Turbine Casting Market – Rest of Europe
10.3.13.1 Rest of Europe Wind Turbine Casting, by Type
10.3.13.2 Rest of Europe Wind Turbine Casting, by Material Type
10.3.13.3 Rest of Europe Wind Turbine Casting, by Application
10.3.13.4 Rest of Europe Wind Turbine Casting, by Casting Technology
10.3.13.5 Rest of Europe Wind Turbine Casting, by End Use
10.4 Wind Turbine Casting Market – Asia Pacific
10.4.1 Asia Pacific Wind Turbine Casting, by Type
10.4.2 Asia Pacific Wind Turbine Casting, by Material Type
10.4.3 Asia Pacific Wind Turbine Casting, by Application
10.4.4 Asia Pacific Wind Turbine Casting, by Casting Technology
10.4.5 Asia Pacific Wind Turbine Casting, by End Use
10.4.6 Wind Turbine Casting Market – Japan
10.4.6.1 Japan Wind Turbine Casting, by Type
10.4.6.2 Japan Wind Turbine Casting, by Material Type
10.4.6.3 Japan Wind Turbine Casting, by Application
10.4.6.4 Japan Wind Turbine Casting, by Casting Technology
10.4.6.5 Japan Wind Turbine Casting, by End Use
10.4.7 Wind Turbine Casting Market – China
10.4.7.1 China Wind Turbine Casting, by Type
10.4.7.2 China Wind Turbine Casting, by Material Type
10.4.7.3 China Wind Turbine Casting, by Application
10.4.7.4 China Wind Turbine Casting, by Casting Technology
10.4.7.5 China Wind Turbine Casting, by End Use
10.4.8 Wind Turbine Casting Market – India
10.4.8.1 India Wind Turbine Casting, by Type
10.4.8.2 India Wind Turbine Casting, by Material Type
10.4.8.3 India Wind Turbine Casting, by Application
10.4.8.4 India Wind Turbine Casting, by Casting Technology
10.4.8.5 India Wind Turbine Casting, by End Use
10.4.9 Wind Turbine Casting Market – Malaysia
10.4.9.1 Malaysia Wind Turbine Casting, by Type
10.4.9.2 Malaysia Wind Turbine Casting, by Material Type
10.4.9.3 Malaysia Wind Turbine Casting, by Application
10.4.9.4 Malaysia Wind Turbine Casting, by Casting Technology
10.4.9.5 Malaysia Wind Turbine Casting, by End Use
10.4.10 Wind Turbine Casting Market – Indonesia
10.4.10.1 Indonesia Wind Turbine Casting, by Type
10.4.10.2 Indonesia Wind Turbine Casting, by Material Type
10.4.10.3 Indonesia Wind Turbine Casting, by Application
10.4.10.4 Indonesia Wind Turbine Casting, by Casting Technology
10.4.10.5 Indonesia Wind Turbine Casting, by End Use
10.4.11 Wind Turbine Casting Market – South Korea
10.4.11.1 South Korea Wind Turbine Casting, by Type
10.4.11.2 South Korea Wind Turbine Casting, by Material Type
10.4.11.3 South Korea Wind Turbine Casting, by Application
10.4.11.4 South Korea Wind Turbine Casting, by Casting Technology
10.4.11.5 South Korea Wind Turbine Casting, by End Use
10.4.12 Wind Turbine Casting Market – Australia
10.4.12.1 Australia Wind Turbine Casting, by Type
10.4.12.2 Australia Wind Turbine Casting, by Material Type
10.4.12.3 Australia Wind Turbine Casting, by Application
10.4.12.4 Australia Wind Turbine Casting, by Casting Technology
10.4.12.5 Australia Wind Turbine Casting, by End Use
10.4.13 Wind Turbine Casting Market – Rest of APAC
10.4.13.1 Rest of APAC Wind Turbine Casting, by Type
10.4.13.2 Rest of APAC Wind Turbine Casting, by Material Type
10.4.13.3 Rest of APAC Wind Turbine Casting, by Application
10.4.13.4 Rest of APAC Wind Turbine Casting, by Casting Technology
10.4.13.5 Rest of APAC Wind Turbine Casting, by End Use
10.5 Wind Turbine Casting Market – Latin America
10.5.1 Latin America Wind Turbine Casting, by Type
10.5.2 Latin America Wind Turbine Casting, by Material Type
10.5.3 Latin America Wind Turbine Casting, by Application
10.5.4 Latin America Wind Turbine Casting, by Casting Technology
10.5.5 Latin America Wind Turbine Casting, by End Use
10.5.6 Wind Turbine Casting Market – Mexico
10.5.6.1 Mexico Wind Turbine Casting, by Type
10.5.6.2 Mexico Wind Turbine Casting, by Material Type
10.5.6.3 Mexico Wind Turbine Casting, by Application
10.5.6.4 Mexico Wind Turbine Casting, by Casting Technology
10.5.6.5 Mexico Wind Turbine Casting, by End Use
10.5.7 Wind Turbine Casting Market – Brazil
10.5.7.1 Brazil Wind Turbine Casting, by Type
10.5.7.2 Brazil Wind Turbine Casting, by Material Type
10.5.7.3 Brazil Wind Turbine Casting, by Application
10.5.7.4 Brazil Wind Turbine Casting, by Casting Technology
10.5.7.5 Brazil Wind Turbine Casting, by End Use
10.5.8 Wind Turbine Casting Market – Argentina
10.5.8.1 Argentina Wind Turbine Casting, by Type
10.5.8.2 Argentina Wind Turbine Casting, by Material Type
10.5.8.3 Argentina Wind Turbine Casting, by Application
10.5.8.4 Argentina Wind Turbine Casting, by Casting Technology
10.5.8.5 Argentina Wind Turbine Casting, by End Use
10.5.9 Wind Turbine Casting Market – Rest of Latin America
10.5.9.1 Rest of Latin America Wind Turbine Casting, by Type
10.5.9.2 Rest of Latin America Wind Turbine Casting, by Material Type
10.5.9.3 Rest of Latin America Wind Turbine Casting, by Application
10.5.9.4 Rest of Latin America Wind Turbine Casting, by Casting Technology
10.5.9.5 Rest of Latin America Wind Turbine Casting, by End Use
10.6 Wind Turbine Casting Market – Middle East Africa
10.6.1 Middle East Africa Wind Turbine Casting, by Type
10.6.2 Middle East Africa Wind Turbine Casting, by Material Type
10.6.3 Middle East Africa Wind Turbine Casting, by Application
10.6.4 Middle East Africa Wind Turbine Casting, by Casting Technology
10.6.5 Middle East Africa Wind Turbine Casting, by End Use
10.6.6 Wind Turbine Casting Market – Saudi Arabia
10.6.6.1 Saudi Arabia Wind Turbine Casting, by Type
10.6.6.2 Saudi Arabia Wind Turbine Casting, by Material Type
10.6.6.3 Saudi Arabia Wind Turbine Casting, by Application
10.6.6.4 Saudi Arabia Wind Turbine Casting, by Casting Technology
10.6.6.5 Saudi Arabia Wind Turbine Casting, by End Use
10.6.7 Wind Turbine Casting Market – UAE
10.6.7.1 UAE Wind Turbine Casting, by Type
10.6.7.2 UAE Wind Turbine Casting, by Material Type
10.6.7.3 UAE Wind Turbine Casting, by Application
10.6.7.4 UAE Wind Turbine Casting, by Casting Technology
10.6.7.5 UAE Wind Turbine Casting, by End Use
10.6.8 Wind Turbine Casting Market – Israel
10.6.8.1 Israel Wind Turbine Casting, by Type
10.6.8.2 Israel Wind Turbine Casting, by Material Type
10.6.8.3 Israel Wind Turbine Casting, by Application
10.6.8.4 Israel Wind Turbine Casting, by Casting Technology
10.6.8.5 Israel Wind Turbine Casting, by End Use
10.6.9 Wind Turbine Casting Market – South Africa
10.6.9.1 South Africa Wind Turbine Casting, by Type
10.6.9.2 South Africa Wind Turbine Casting, by Material Type
10.6.9.3 South Africa Wind Turbine Casting, by Application
10.6.9.4 South Africa Wind Turbine Casting, by Casting Technology
10.6.9.5 South Africa Wind Turbine Casting, by End Use
10.6.10 Wind Turbine Casting Market – Rest of MEA
10.6.10.1 Rest of MEA Wind Turbine Casting, by Type
10.6.10.2 Rest of MEA Wind Turbine Casting, by Material Type
10.6.10.3 Rest of MEA Wind Turbine Casting, by Application
10.6.10.4 Rest of MEA Wind Turbine Casting, by Casting Technology
10.6.10.5 Rest of MEA Wind Turbine Casting, by End Use
Chapter 11. Competitive Landscape
11.1 Key Market Players: Categorization
11.2 Strategy Framework
11.3 Recent Development
11.4 Vendor Landscape
Chapter 12. Company Profiles
12.1 Sinovel Wind Group Co., Ltd.
12.1.1 Business Overview
12.1.2 Products and Services
12.2 Dean Group International
12.2.1 Business Overview
12.2.2 Products and Services
12.3 Vestas
12.3.1 Business Overview
12.3.2 Financial Snapshot
12.3.2.1 Revenue by Market Segment
12.3.2.2 Revenue by Region
12.3.3 Products and Services
12.3.4 Recent Developments
12.4 ABB
12.4.1 Business Overview
12.4.2 Financial Snapshot
12.4.2.1 Revenue by Market Segment
12.4.2.2 Revenue by Region
12.4.3 Products and Services
12.5 Goldwind Science & Technology Co., Ltd.
12.5.1 Business Overview
12.5.2 Financial Snapshot
12.5.2.1 Revenue by Market Segment
12.5.3 Products and Services
12.6 Enercon GmbH
12.6.1 Business Overview
12.6.2 Products and Services
12.7 Dalian Huarui Heavy Industry Group Co., Ltd.
12.7.1 Business Overview
12.7.2 Financial Snapshot
12.7.3 Products and Services
12.8 Suzlon Energy Limited
12.8.1 Business Overview
12.8.2 Financial Snapshot
12.8.3 Products and Services
12.9 JS Auto Cast Foundry Pvt Ltd.
12.9.1 Business Overview
12.9.2 Financial Snapshot
12.9.3 Products and Services
12.10 Sakana Group
12.10.1 Business Overview
12.10.2 Products and Services

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