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Global Wind turbine castings Market 2017-2021

Global Wind turbine castings Market 2017-2021

About Wind Turbine Castings

A wind turbine is a device or an assembly of operating systems that is installed to convert kinetic energy into electricity and form a source of renewable energy, thereby reducing the reliance on fossil fuels. The electric energy generated by wind turbines is ultimately used in communities, homes, and businesses. Small wind turbines find application in caravans or boats for battery charging or to power traffic signs.

Technavio’s analysts forecast the global wind turbine castings market to grow at a CAGR of 7.12% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global wind turbine castings market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Wind Turbine Castings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Goldwind Science & Technology
  • Premier
  • SAKANA Group
  • Suzlon Energy
Other prominent vendors
  • Elyria Foundry Company
  • ENERCON
  • Riyue Heavy Industry
  • shandong longma Heavy Industry
  • Simplex Castings
  • Sinovel Wind Group
  • K & M Machine-Fabricating
Market driver
  • Increasing government spending on energy systems
  • For a full, detailed list, view our report
Market challenge
  • Availability of solar panels for the generation of electricity
  • For a full, detailed list, view our report
Market trend
  • Emergence of thin-walled cast components
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Wind Turbine Castings Market 2017-2021

Technavio recognizes the following companies as the key players in the global wind turbine castings market: Goldwind Science & Technology, Premier, SAKANA Group, and Suzlon Energy.

Other Prominent Vendors in the market are: Elyria Foundry Company, ENERCON, Riyue Heavy Industry, shandong longma Heavy Industry, Simplex Castings, Sinovel Wind Group, and K & M Machine-Fabricating.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of thin-walled cast components. Thin-wall casting has emerged as a trend in the global wind turbine castings market owing to economic issues and environmental pressure. Thin-walled steel circular hollow sections (CHSs) are the most popularly used sections in wind turbine towers and are subjected to bending.”

According to the report, one driver in the market is increasing government spending on energy systems. The increasing government focus on energy systems and research is fueling the growth of the global wind turbine castings market, with prominence in regions such as the US and Europe. The US Department of Energy (DOE) allocated more than $93.50 million in the fiscal year 2016 to lower costs, improve performance, and trigger the development of technologies used for wind power. The budget request for the Wind Program is more than $150 million.

Further, the report states that one challenge in the market is availability of solar panels for the generation of electricity. The installation of solar panels for the generation of electricity is a challenge for the global wind turbine castings market. It also hinders the possibility of installing more number of wind turbines. In 2015, new installations accounted for about 55GW of assisted global solar power, generating around 235 GW by the end of the year, claiming an increase of around 29% as against the capacity in 2014. APAC recorded an increasing demand for solar panels for the generation of electricity.

Companies Mentioned

Goldwind Science & Technology, Premier, SAKANA Group, and Suzlon Energy. Elyria Foundry Company, ENERCON, Riyue Heavy Industry, shandong longma Heavy Industry, Simplex Castings, Sinovel Wind Group, and K & M Machine-Fabricating.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global wind turbine castings market
    • Market size and forecast
      • Table Global wind turbine castings market 2016 and 2021 ($ millions)
      • Table Forecast: Global wind turbine castings market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by material type
    • Overview: Global wind turbine castings market by material type
      • Table Global wind turbine castings market by material type 2016 (annual consumption)
      • Table The applications of steel in wind turbines
  • Market segmentation by application
    • Overview: Global wind turbine castings market by application
      • Table Global wind turbine castings market by application 2016 and 2021
      • Table Global wind turbine castings market by application 2016-2021 ($ millions)
    • Global wind turbine castings market for onshore applications
      • Table Global wind turbine castings market for onshore applications 2016 and 2021 ($ millions)
      • Table Forecast: Global wind turbine castings market for onshore applications 2016-2021
      • Table Largest global onshore installed wind farms
    • Global wind turbine castings market for offshore applications
      • Table Global wind turbine castings market for offshore applications 2016 and 2021($ millions)
      • Table Forecast: Global wind turbine castings market for offshore applications 2016-2021
    • Global wind turbine castings market for other applications
      • Table Global wind turbine castings market for other applications 2016 and 2021($ millions)
      • Table Forecast: Global wind turbine castings market for other applications 2016-2021
  • Geographical segmentation
    • Overview: Global wind turbine castings market by geography
      • Table Global wind turbine castings market by geography 2016 and 2021
      • Table Forecast: Global wind turbine castings market by geography 2016-2021 ($ millions)
    • Wind turbine castings market in Americas
      • Table Wind turbine castings market in Americas 2016 and 2021 ($ millions)
      • Table Forecast: Wind turbine castings market in Americas 2016-2021
    • Wind turbine castings market in APAC
      • Table Wind turbine castings market in APAC 2016 and 2021 ($ millions)
      • Table Forecast: Wind turbine castings market in APAC 2016-2021
    • Wind turbine castings market in EMEA
      • Table Wind turbine castings market in EMEA 2016 and 2021 ($ millions)
      • Table Forecast: Wind turbine castings market in EMEA 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table India: Installed capacity by source as on 31 March 2017
    • Market challenges
      • Table Global PV solar installations 2015
  • Market trends
    • Emergence of thin-walled cast components
    • Emergence of smart wind turbines
    • Increasing adoption of control-oriented modeling
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Goldwind Science & Technology
      • Table Goldwind Science & Technology: Business segmentation by revenue 2016
      • Table Goldwind Science & Technology: Geographical segmentation by revenue 2016
    • Premier
      • Table Premier: Business segmentation by revenue 2016
    • SAKANA Group
    • Suzlon Energy
      • Table Suzlon Energy: Business segmentation by revenue (including inter segment) 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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