mrr pvt. Ltd.

Wind Turbine Casting Industry Analysis, Size, Share, Trends, Analysis, Growth And Forecast 2014 - 2020

Press Release   •   Feb 10, 2017 16:18 IST

The report analyzes and presents an overview on "Wind Turbine Casting Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth And Forecast 2014 - 2020" worldwide.

The growing wind energy industry driven by the rise in use of renewable energy sources is likely to drive growth in the wind turbine casting market. Wind energy plays a critical role in the establishment of an environmentally sustainable low carbon economy. Wind turbine is used to convert kinetic energy of wind into electrical power. Growing consumer awareness and incentive schemes are expected to augment the global demand for wind energy. Furthermore, increased installation of wind turbine and technological advancements are likely to further boost the demand for wind turbine across the globe. Additionally, product development and lower maintenance cost of the wind turbine have fuelled an additional demand for the wind turbines. Driven by the recent advances and development, the wind industry has allowed the wind turbine casting market to grow at a significant rate. Increasing installations of wind turbines in the offshore wind application are anticipated to accelerate growth in the global wind turbine casting market.

Increased awareness towards the use of renewable energy sources and the rise in the use of wind as a viable form of energy is bolstering the demand for wind turbines. The increased demand for wind turbines a key growth driver for the global wind turbine casting market. Usually, the lifespan of wind turbine is nearly 20 years which require them to be produced or cast in order to work without interruption throughout their lifespan. The wind turbine assembly uses large-volume, thin-walled cast parts, to reduce the weight of wind turbine to a minimum. This further increases the fatigue strength of the wind turbines. Moreover, while performing casting of wind turbine, it is important to ensure that the unfinished surface area of turbine is not having any cavities. The presence of cavities in the casted part can cause a notch effect. This type of cavities are result of stripping caused by the improper application of the coatings, groves from pattern stripping, slag component adhering to the surface, and metal slag among others.

Get The Sample Copy Of This Report:

Energy security measure and an increased focus towards green energy are encouraging countries to adopt wind technology. Huge potential of wind energy to be used for power generation, owing to their easy availability, is likely to drive growth in the wind turbine market. Furthermore, the wind turbine can be installed at a quicker rate than the other competitive mode of power generation. Emerging wind power generating countries are anticipated to drive growth in the global wind turbine casting market. The growth in the wind turbine casting market is driven by the increased demand for energy across the world. Furthermore, the ongoing race to achieve complete grid parity in the future has propelled the need to reduce the cost of energy and differentiate from competition. This has led to an increased demand for renewable energy technologies and thus for the wind turbine casting market. However, supply chain constraints may hamper the growth in the global wind turbine casting market.

Investments in wind technologies in countries such as the U.S., India, China, UK, Spain, France, and Germany among others are anticipated to propel growth in the global wind turbine casting market. Asia Pacific market is likely to play a key role in the growth of the wind turbine casting market. China leads the wind energy market with highest installations and is further likely to play a key role in the development of the wind turbine casting market. Growth in the Indian wind turbine is however uncertain due the policy constraints. However, the U.S. market is likely to experience supply chain difficulties, as they import casting largely from China which leads to long lead times, high freight and handling fees, and slow supplier responses. Albeit, growth potential for the wind turbine casting market in Asia Pacific is likely to provide ample opportunities of growth in the market.

Some of the key players in the global wind turbine casting market include DHI•DCW Group Co.,Ltd., Eisengießerei Torgelow GmbH, Ningbo Riyue, Patel Alloys, Seforge, Vestas, and Wuxi Qiaolin.

Browsr More Power Market Research Reports:

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Rest of the World
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments

About us is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.

To View The Latest Industry Press Releases:

Mr. Nachiket
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-621-2074
Follow us on LinkedIn: