Wind Turbine Casting Market to Surge with 6.6% CAGR, Global Revenue to Exceed US$ 4597.45 Million by 2034

The worldwide move towards green energy and sustainability is a prominent factor driving the wind turbine casting market.

NEW YORK CITY, NY, UNITED STATES, February 11, 2025 /EINPresswire.com/ -- 𝘛𝘩𝘦 𝘸𝘪𝘯𝘥 𝘵𝘶𝘳𝘣𝘪𝘯𝘦 𝘤𝘢𝘴𝘵𝘪𝘯𝘨 𝘮𝘢𝘳𝘬𝘦𝘵 𝘧𝘰𝘳𝘦𝘤𝘢𝘴𝘵 𝘧𝘰𝘳 2034 𝘪𝘴 𝘢 𝘴𝘱𝘦𝘤𝘪𝘢𝘭𝘪𝘻𝘦𝘥 𝘴𝘵𝘶𝘥𝘺 𝘰𝘧 𝘵𝘩𝘦 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘸𝘪𝘵𝘩 𝘢 𝘴𝘱𝘦𝘤𝘪𝘧𝘪𝘤 𝘤𝘰𝘯𝘤𝘦𝘯𝘵𝘳𝘢𝘵𝘪𝘰𝘯 𝘰𝘯 𝘵𝘩𝘦 𝘨𝘭𝘰𝘣𝘢𝘭 𝘮𝘢𝘳𝘬𝘦𝘵 𝘵𝘳𝘦𝘯𝘥 𝘢𝘯𝘢𝘭𝘺𝘴𝘪𝘴.
𝐓𝐡𝐞 𝐰𝐢𝐧𝐝 𝐭𝐮𝐫𝐛𝐢𝐧𝐞 𝐜𝐚𝐬𝐭𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐚𝐮𝐠𝐦𝐞𝐧𝐭𝐢𝐧𝐠. 𝐓𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐚𝐩𝐩𝐫𝐨𝐱𝐢𝐦𝐚𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐔𝐒𝐃 𝟒𝟓𝟗𝟕.𝟒𝟓 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟒. 𝐈𝐭 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 𝐔𝐒𝐃 𝟐𝟒𝟏𝟖.𝟑𝟓 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟒. 𝐈𝐭 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐞𝐱𝐡𝐢𝐛𝐢𝐭 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟔.𝟔% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟓 𝐭𝐨 𝟐𝟎𝟑𝟒.

𝐖𝐡𝐚𝐭 𝐈𝐬 𝐖𝐢𝐧𝐝 𝐓𝐮𝐫𝐛𝐢𝐧𝐞 𝐂𝐚𝐬𝐭𝐢𝐧𝐠?
Renewable energy is becoming a massive bargain in the energy production industry. With abundant options to generate greener energy, it is a reality that several energy firms are capitalizing on the power of machines such as wind turbines and solar power. Thus, the demand for elevated standard wind turbine casting is escalating.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/wind-turbine-casting-market/request-for-sample?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01

Inside the prominent body of the turbine, there is an entire host of several constituents that are crucial for the operation of the turbine, such as the generator, gearbox, various shafts, brakes, and controller, all of which are impacted by the rotation of the blades. The growing funding for wind energy projects, together with depreciating wind energy costs, have rendered power growingly aggressive, with conventional energy sources impacting the wind turbine casting market growth favorably.

𝐖𝐡𝐨 𝐌𝐚𝐤𝐞𝐬 𝐖𝐢𝐧𝐝 𝐓𝐮𝐫𝐛𝐢𝐧𝐞 𝐂𝐚𝐬𝐭𝐢𝐧𝐠?
The aggressive topography of the market is portrayed by an assortment of global leaders and regional contenders contesting for market share through invention, strategic alliances, and regional augmentation. Here are some of the leading players in the wind turbine casting market:
• ABB Ltd
• Dalian Huarui Heavy Industry Group Co., Ltd.
• Dean Group International
• Enercon GmbH
• Goldwind Science and Technology Co., Ltd.
• Sinovel Wind Group Co., Ltd.
• Suzlon Energy Limited
• Vestas

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:
• In January 2024, Vestas disclosed its objective to establish a contemporary manufacturing space in Szczecin, Poland. This space will oblige its offshore wind turbine, the V236-15.0 MW.

• In January 2024, Vestas collaborated with ArcelorMittal, a steel maker, to initiate a contemporary low-discharge steel solution for wind turbine towers.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/wind-turbine-casting-market/request-for-discount-pricing?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01

𝐖𝐡𝐚𝐭’𝐬 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐰𝐚𝐫𝐝?
𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 𝐈𝐧 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞𝐬: The market is flourishing due to the progression in manufacturing techniques and substances that improve the longevity and productivity of wind turbines. The worldwide arrangement of wind energy projects is escalating together with continuing funding in research and development.

𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐎𝐟𝐟𝐬𝐡𝐨𝐫𝐞 𝐖𝐢𝐧𝐝 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐞𝐜𝐭𝐨𝐫: The offshore wind energy sector has encountered notable growth because of the massive unexplored probability of offshore wind resources, which offer robust and more compatible wind momentum than onshore resources. This, in turn, is having a favorable impact on wind turbine casting market sales.

𝐄𝐬𝐜𝐚𝐥𝐚𝐭𝐢𝐧𝐠 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬: Government enterprises and strategies targeted at decreasing carbon discharge are pushing funding in the wind energy framework. For instance, India’s offshore wind power advancement scheme concentrates on structuring 10 to 12 GW of offshore turbines.

𝐖𝐡𝐢𝐜𝐡 𝐑𝐞𝐠𝐢𝐨𝐧 𝐋𝐞𝐚𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡?
𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜: Asia Pacific accounted for the largest wind turbine casting market share. The region's robust growth is primarily due to the speedy growth of wind energy covering China, Japan, and Australia.

𝐄𝐮𝐫𝐨𝐩𝐞: Europe is anticipated to witness significant growth from 2025 to 2034. This can be attributed to the region’s allegiance to push renewable energy projects and decrease carbon discharge.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/wind-turbine-casting-market/inquire-before-buying?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01

𝐇𝐨𝐰 𝐈𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐃𝐨𝐧𝐞?
By Type Outlook
• Horizontal Axis
• Vertical Axis

By Material Type Outlook
• Steel
• Cast Iron
• Aluminum Alloy
• Glass-Reinforced Plastic
• Copper
• Others

By Application Outlook
• Onshore
• Offshore

By Casting Technology Outlook
• Sand Casting
• Chill Casting
• Others

By End Use Outlook
• Industrial
• Commercial
• Residential

𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤
• North America
o US
o Canada

• Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Rest of Asia Pacific

• Middle East & Africa
o Saudi Arabia
o UAE
o Israel
o South Africa
o Rest of the Middle East & Africa

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

𝐅𝐀𝐐𝐬:
How much is the wind turbine casting market?
The market size was valued at USD 2,418.35 million in 2024 and is projected to grow to USD 4,597.45 million by 2034.

By material type, which segment is anticipated to register the highest growth rate in the wind turbine casting market during 2025-2034?
The steel segment of the market is anticipated to register the highest growth rate during the forecast period.

What is the regional scope of the market?
The regions included in the market are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

What is the growth rate of the market?
The global market is projected to register a CAGR of 6.6% during the forecast period.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐏𝐌𝐑'𝐬 𝐖𝐢𝐧𝐝 𝐓𝐮𝐫𝐛𝐢𝐧𝐞 𝐂𝐚𝐬𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐟𝐫𝐨𝐦 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐏𝐮𝐛𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬:
𝐖𝐢𝐧𝐝 𝐓𝐮𝐫𝐛𝐢𝐧𝐞 𝐂𝐚𝐬𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐢𝐬 𝐄𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐆𝐫𝐨𝐰 𝐭𝐨 𝐔𝐒$ 𝟒,𝟓𝟗𝟕.𝟒𝟓 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐃𝐫𝐢𝐯𝐞𝐧 𝐛𝐲 𝐚𝐧 𝟔.𝟔% 𝐂𝐀𝐆𝐑 𝐅𝐫𝐨𝐦 𝟐𝟎𝟐𝟓 𝐭𝐨 𝟐𝟎𝟑𝟒

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
Synthetic Natural Gas Market:
https://www.polarismarketresearch.com/industry-analysis/synthetic-natural-gas-market

Tandem Piston Compressor Market:
https://www.polarismarketresearch.com/industry-analysis/tandem-piston-compressor-market

Shunt Reactor Circuit Market:
https://www.polarismarketresearch.com/industry-analysis/shunt-reactor-circuit-market

Wind Turbine Protection Market:
https://www.polarismarketresearch.com/industry-analysis/wind-turbine-protection-market

Ocean Economy Market:
https://www.polarismarketresearch.com/industry-analysis/ocean-economy-market

𝐀𝐛𝐨𝐮𝐭 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠, 𝐈𝐧𝐜:
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Likhil G
Polaris Market Research and Consulting
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