Wind Turbine Casting Market Size Worth $2.9 Billion By 2027 | CAGR: 6.1% 
                     Wind Turbine Casting Market
Set to Exceed $2.9 Billion By 2027 | CAGR 6.1%
“Wind Turbine Casting Market Analysis By Type (Horizontal 
Axis, Vertical Axis); By Application (Onshore, Offshore); By 
Regions, Segments and Forecasts, 2020 – 2027”
Wind Turbine Casting Market Estimate & Forecast to 2027
The global wind turbine casting market size is expected to reach USD 2.9 billion by 2027 
according to a new study by Polaris Market Research. 
The wind energy is the alternative energy of the conventional energy sources, as it primarily 
uses kinetic energy from wind and transforms it into electricity. The growth in awareness 
about the alternative energy sources among the leading end users to meet the industry 
standards and government standards. Moreover, in general wind turbine are formed and 
manufactured to maintain its lifespan of 20 years. Considering the wind turbine, it has 
different components, including a tower, gearbox, mainframe, rotor blades, rotor bearings, 
generators, power converter, rotor hub, primary shaft, nacelle housing, and wires. Rotor 
hubs, axle pins, transformer, and main carriers are the primary components that go through 
casting. In a wind turbine, rotor hubs are cast parts and undergo heavy stress. Casting aids 
are ideally suited for the development of composite parts in elevated creep resistance.
The growth of the market is primarily influenced with the increase in favorable public 
measures to support the use of renewable energy sources and the need to reduce carbon 
footprints and emissions. Moreover, the rapid urbanization combined with increasing 
construction industry has risen electricity demand, which in turn increase the demand for 
wind turbine. Such factors are raising the demand for the wind turbine casting in the global 
market during the forecast pCoepyrriigoht d© P.olaris Market Research & Consulting LLP 2018. All Rights Reserved 2
 
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Wind Turbine Casting Market Scope
By Type  By Application By Region Report Attributes
 Horizontal axis  Onshore  North America (U.S., Canada)  Historic year: 2016-2018
 Vertical axis  Offshore  Europe (Germany, UK, France,  Base year: 2019
Italy Spain)  Forecast Year: 2020-2027
 Asia Pacific (India, Japan, China, 
South Korea)
 Latin America (Brazil, Mexico, 
Colombia)
 MEA (Saudi Arabia, South Africa, 
Israel, UAE)
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Wind Turbine Casting Market Estimate & Forecast to 2027
Considering the current market scenario, the growing wind energy facilities are anticipated 
to generate the favorable needs in the market. The key countries such as the US, Germany, 
Japan, China, India, Brazil, the UK, and South Africa are increasing amount of offshore 
applications facilities, which further expected to enhance the market growth over the 
forecast time. It is expected that the increase in demand for longer lifespan and reduced 
maintenance costs of wind turbine castings are expected to increase opportunities in the 
global market for the manufacturers in the coming years.
Some of the key players in the market are Vestas, Suzlon, Goldwind, Sinovel, DHI DCW 
Group Co., SAKANA Group, Premier Heavy Engineering, SHW Casting Technologies GmbH & 
Co. KG, Global Castings, Riyue Heavy Industry Corporation Ltd., SEFORGE Elyria Foundry 
Company, LLC and Enercon Ltd. The key players in wind turbine castings industry have 
adopted the strategy of product innovation in order to gain competitive share in the global 
market.
                                                                       
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Wind Turbine Casting Market Size
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