Wind Turbine Casting Market
Report ID: SQMIG55A2009
Report ID: SQMIG55A2009
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Report ID:
SQMIG55A2009 |
Region:
Global |
Published Date: December, 2025
Pages:
182
|Tables:
59
|Figures:
75
Wind Turbine Casting Market size was valued at USD 3.46 Billion in 2024 and is poised to grow from USD 3.74 Billion in 2025 to USD 6.92 Billion by 2033, growing at a CAGR of 8% during the forecast period (2026–2033).
The demand for renewable energy sources, such as wind, is expected to increase due to rapid urbanization and industrialization. Wind turbines are devices that convert the kinetic energy of wind into usable power, and they consist of various parts such as rotor hubs, rotor blades, gearboxes, generators, and towers, among others. Rotor hubs, axle pins, and main carriers are parts that undergo casting, which aids in high creep resistance and developing composite components. The growth of wind energy installations in countries such as China, India, Brazil, UK, and South Africa is expected to create favorable opportunities for market growth in the future. Furthermore, the increasing number of offshore installations in countries such as the UK, Germany, China, Netherlands, Japan, and Denmark is projected to drive market growth over the next nine years. Wind turbines have a longer lifespan and lower maintenance cost, which is expected to drive the market demand. The market’s key drivers include favorable government policies to promote renewable energy sources and the need for lowering carbon imprints and emissions. Rapid urbanization and rising construction activities have increased the demand for electricity, which is anticipated to drive the requirement for wind energy, thus propelling market growth. Solar energy utilization has also witnessed significant growth as a renewable energy source. The abundant availability of sun rays and low prices of solar panels due to mass production are expected to hinder growth in the wind energy market over the upcoming years.
US Wind Turbine Casting Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2026-2033
Global Market Size
USD 3.2 billion
Largest Segment
Onshore
Fastest Growth
Offshore
Growth Rate
8.0% CAGR
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Global Wind Turbine Casting Market is segmented by Material, Process, End Use, Turbine Size and region. Based on Material, the market is segmented into Ductile Iron, Gray Iron, Steel and Aluminum. Based on Process, the market is segmented into Sand Casting, Investment Casting and Die Casting. Based on End Use, the market is segmented into On-Shore Wind Turbines, Off-Shore Wind Turbines and Others. Based on Turbine Size, the market is segmented into Small (less than 10 MW), Medium (10-19 MW) and Large (20 MW or greater). Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
By type, the market can be segmented into horizontal axis wind turbine (HAWT) and vertical axis wind turbine (VAWT). The Horizontal Axis Wind Turbine (HAWT) segment dominated the Wind Turbine Casting Market. HAWTs are the most commonly used type of wind turbine in the market and have a larger installed base compared to VAWTs. They are more efficient in generating power as they can capture wind from any direction and can be designed to have a large rotor diameter. HAWTs are also more suitable for commercial applications due to their larger size and higher power output.
The Vertical Axis Wind Turbine (VAWT) segment is expected to be the fastest-growing segment in the Wind Turbine Casting Market. VAWTs have some advantages over HAWTs as they can operate in turbulent and gusty wind conditions, which makes them suitable for urban and offshore environments. VAWTs are also less noisy, require lower maintenance, and have a smaller footprint compared to HAWTs. The market for VAWTs is expected to grow at a faster pace due to the increasing demand for renewable energy, especially in urban areas. VAWTs are expected to find increasing applications in residential and commercial buildings, as well as in urban wind farms, which will lead to a higher demand for wind turbine casting for VAWTs.
By application, the market can be segmented into onshore and offshore. The Onshore segment dominated the Wind Turbine Casting Market. Onshore wind turbines are widely used due to their lower installation and maintenance costs compared to offshore wind turbines. Moreover, onshore wind farms have a lower environmental impact and are easier to integrate with the power grid. These factors have led to the widespread adoption of onshore wind turbines, which in turn has led to a higher demand for wind turbine casting for onshore applications.
The Offshore segment is expected to be the fastest-growing segment in the Wind Turbine Casting Market. Offshore wind turbines have some advantages over onshore wind turbines as they can capture stronger and more consistent wind speeds, leading to higher energy production. Moreover, offshore wind turbines have a lower visual impact and can be located closer to the major population centers, reducing the need for long-distance transmission lines. The market is expected to grow at a faster pace due to the increasing demand for renewable energy, especially in coastal regions. This will lead to a higher demand for wind turbine casting for offshore applications.
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North America dominated the global market due to its increasing demand for renewable sources of energy and government initiatives to promote clean energy. The country has been investing heavily in wind power generation, making it the largest market for wind turbines in the region. The rising number of wind energy installations in Canada is also contributing to the growth of the Wind Turbine Casting Market in North America.
Asia Pacific (APAC) is the fastest-growing region in the global Wind Turbine Casting Market. The increasing demand for wind power in countries such as China and India is driving the growth of the market. In China, the government has set targets to reduce carbon emissions, which has led to a surge in wind power installations. India is also witnessing significant growth in wind power installations, driven by its commitment to reduce its carbon footprint and increase the share of renewable energy in its energy mix.
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Increasing demand for renewable sources of energy
Competition from other renewable energy sources
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Global Wind Turbine Casting Market is moderately fragmented, with several regional and international players operating in the market. These players are primarily focused on expanding their product portfolio, increasing their market share, and improving their production capacity. To gain a competitive advantage, companies are also investing in research and development activities to develop advanced wind turbine components that offer high efficiency and durability. Furthermore, strategic partnerships, collaborations, and mergers and acquisitions are also observed in the market, with companies leveraging these opportunities to expand their market presence and gain a competitive edge.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Our analysis of the worldwide wind turbine casting market indicates that the industry will expand rapidly over the next few years because of the rising demand for renewable energy sources like wind energy. The market is characterised by the existence of a number of regional and global players, with businesses investing in boosting their market shares and diversifying their product offerings.
The key drivers of the industry include favorable government policies, increasing urbanization and industrialization, and the need for reducing carbon emissions. However, the market is hindered by competition from other renewable energy sources such as solar energy and the high capital cost of wind energy installations. Nonetheless, the trend towards larger and more powerful wind turbines is expected to create favorable opportunities for market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 3.46 Billion |
| Market size value in 2033 | USD 6.92 Billion |
| Growth Rate | 8% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Wind Turbine Casting Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Wind Turbine Casting Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Wind Turbine Casting Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Wind Turbine Casting Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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