Press release
Wind Turbine Casting Global Market Size is Expected to Grow to $2.78 Billion at a CAGR of 6.4%. By 2027 | Suzlon Energy Limited, Sinovel Wind Group Co Ltd., Vestas Co, DHI DCW Group Co Ltd., Goldwind
Wind Turbine Casting Market
The Business Research Company's Wind Turbine Casting Global Market Report 2023 identifies Increasing demand for renewable energy is expected to boost the growth of the wind turbine casting market going forward. Renewable energy comes from natural sources that renew themselves more quickly than they are depleted. Renewable energy is becoming more popular because it reduces pollutants and greenhouse gas emissions, both of which contribute to climate change.
The global wind turbine casting market size grew from $2.02 billion in 2022 to $2.17 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. 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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Major competitors in the Wind Turbine Casting market are 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., Goldwind, Enercon, SHW Casting Technologies GmbH & Co, Mingyang Smart Energy Group Co., Ltd., Global Castings, SEFORGE, SAKANA Group, Elyria Foundry Company, Juwi Holding AG, SIMPLEX, AEROVIDE GmbH, and Shandong Longma.
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.
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The Wind Turbine Casting Market Is Segmented -
• 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: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Wind Turbine Casting market.
The Business Research Company's "Global Wind Turbine Casting Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Wind Turbine Casting Market Include:
1. Executive Summary
2. Wind Turbine Casting Market Characteristics
3. Wind Turbine Casting Market Trends And Strategies
4. Wind Turbine Casting Market - Macro Economic Scenario
5. Wind Turbine Casting Market Size And Growth
.....
26. Africa Wind Turbine Casting Market
27. Wind Turbine Casting Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wind Turbine Casting Market
29. Wind Turbine Casting Market Future Outlook and Potential Analysis
30. Appendix
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