Product Code: PM1699
The wind turbine casting market size is expected to reach USD 4,597.45 million by 2034, according to a new study by Polaris Market Research. The report "Wind Turbine Casting Market Size, Share, Trends, Industry Analysis Report: By Type (Horizontal Axis and Vertical Axis), Material Type, Application, Casting Technology, End Use, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The wind turbine casting market demand is driven by the increasing global focus on renewable energy and the rising need to reduce carbon emissions. Stringent government regulations drive wind power adoption, increasing demand for wind turbines and essential castings used in gearboxes, hubs, and blades, thereby supporting the growth of renewable energy infrastructure. The wind turbine casting market growth is also supported by technological advancements that improve turbine efficiency, making wind energy more cost-competitive.
Government policies, increasing environmental awareness, and the transition to cleaner energy sources continue to drive the wind turbine casting market expansion. The growing importance of reducing dependence on fossil fuels has resulted in increased investments in wind energy projects globally. China's ambitious renewable energy goals and significant investments in wind power infrastructure exemplify this trend. Regions, such as Europe and Asia Pacific, are witnessing market growth as governments support wind power through policies and incentives.
Challenges such as volatility in raw material prices, particularly steel and aluminum, can adversely affect the profitability of casting manufacturers. Despite this, the wind turbine casting market remains attractive due to ongoing technological innovations, which help reduce production costs and improve efficiency. Furthermore, strategic collaborations between key industry players, such as Vestas and ArcelorMittal, are enhancing the competitiveness of the sector. The wind turbine casting market is poised for continued growth, driven by increasing demand for renewable energy solutions and the ongoing advancements in turbine design and manufacturing.
Wind Turbine Casting Market Report Highlights
Based on type, the horizontal-axis wind turbine (HAWT) segment dominated the wind turbine casting market share in 2024, driven by cost-effective casting techniques, design flexibility, and enhanced turbine efficiency for large-scale and smaller applications.
By material type, the steel segment is expected to grow rapidly in the wind turbine casting market, driven by the strength, durability, corrosion resistance, and cost-effective performance of the material, especially in offshore and high-load applications.
Asia Pacific led the wind turbine casting market revenue share in 2024 owing to rapid wind energy growth, especially in China, supported by government policies, and advancements in turbine design.
A few global key market players are Sinovel Wind Group Co., Ltd.; Dean Group International; Vestas; ABB Ltd; Goldwind Science and Technology Co., Ltd.; Enercon GmbH; Dalian Huarui Heavy Industry Group Co., Ltd.; Suzlon Energy Limited; JS Auto Cast Foundry Pvt Ltd; and Sakana Group.
Polaris Market Research has segmented the wind turbine casting market report on the basis of type, material type, application, casting technology, end use, and region:
By Type Outlook (Revenue, USD Million, 2021-2034)
- Horizontal Axis
- Vertical Axis
By Material Type Outlook (Revenue, USD Million, 2021-2034)
- Steel
- Cast Iron
- Aluminum Alloy
- Glass-Reinforced Plastic
- Copper
- Others
By Application Outlook (Revenue, USD Million, 2021-2034)
By Casting Technology Outlook (Revenue, USD Million, 2021-2034)
- Sand Casting
- Chill Casting
- Others
By End Use Outlook (Revenue, USD Million, 2021-2034)
- Industrial
- Commercial
- Residential
By Regional Outlook (Revenue, USD Million, 2021-2034)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
Chapter 1. Introduction
- 1.1 Report Description
- 1.1.1 Objective of the Study
- 1.1.2 Market Scope
- 1.1.3 Assumptions
- 1.2 Stakeholders
Chapter 2. Research Methodology
- 2.1 Research Methodology
- 2.2 Research Scope and Assumptions
- 2.3 Information Procurement
- 2.3.1 Purchased Database
- 2.3.2 Internal Database
- 2.3.3 Secondary Sources
- 2.3.4 Third Party Perspective
- 2.3.5 Primary Research
- 2.4 Information Analysis
- 2.4.1 Data Analysis Models
- 2.5 Market Formulation and Data Visualization
- 2.6 Data Validation and Publishing (Secondary Sources)
Chapter 3. Executive Summary
Chapter 4. Market Insights
- 4.1 Wind Turbine Casting - Industry Snapshot
- 4.2 Wind Turbine Casting Market - Value Chain Analysis
- 4.2.1 Wind Turbine Casting Market Dynamics
- 4.2.2 Drivers and Opportunities
- 4.2.2.1 Rise in Number of Installations in Offshore Applications
- 4.2.2.2 Rising Concerns on Environmental Pollution
- 4.2.3 Restraints and Challenges
- 4.2.3.1 Volatility in Raw Material Prices & High Installation Cost
- 4.3 Wind Turbine Casting Market - Porter's Five Forces
- 4.3.1 Threat of Substitutes (Moderate)
- 4.3.2 Threat of New Entrants (Moderate)
- 4.3.3 Bargaining Power of Buyers (Moderate to High)
- 4.3.4 Bargaining Power of Suppliers (Moderate)
- 4.3.5 Competitive Rivalry (High)
- 4.4 Wind Turbine Casting Market - PESTLE Analysis
Chapter 5. Wind Turbine Casting Market Assessment by Type
- 5.1 Introduction
- 5.2 Horizontal Axis
- 5.3 Vertical Axis
Chapter 6. Wind Turbine Casting Market Assessment by Material Type
- 6.1 Introduction
- 6.2 Steel
- 6.3 Cast Iron
- 6.4 Aluminum Alloy
- 6.5 Glass-Reinforced Plastic
- 6.6 Copper
- 6.7 Others
Chapter 7. Wind Turbine Casting Market Assessment by Application
- 7.1 Introduction
- 7.2 Onshore
- 7.3 Offshore
Chapter 8. Wind Turbine Casting Market Assessment by Casting Technology
- 8.1 Introduction
- 8.2 Sand Casting
- 8.3 Chill Casting
- 8.4 Others
Chapter 9. Wind Turbine Casting Market Assessment by End Use
- 9.1 Introduction
- 9.2 Industrial
- 9.3 Commercial
- 9.4 Residential
Chapter 10. Wind Turbine Casting Market Assessment by Region
- 10.1 Introduction
- 10.2 Wind Turbine Casting Market - North America
- 10.2.1 North America Wind Turbine Casting, by Type
- 10.2.2 North America Wind Turbine Casting, by Material Type
- 10.2.3 North America Wind Turbine Casting, by Application
- 10.2.4 North America Wind Turbine Casting, by Casting Technology
- 10.2.5 North America Wind Turbine Casting, by End Use
- 10.2.6 Wind Turbine Casting Market - US
- 10.2.6.1 US Wind Turbine Casting, by Type
- 10.2.6.2 US Wind Turbine Casting, by Material Type
- 10.2.6.3 US Wind Turbine Casting, by Application
- 10.2.6.4 US Wind Turbine Casting, by Casting Technology
- 10.2.6.5 US Wind Turbine Casting, by End Use
- 10.2.7 Wind Turbine Casting Market - Canada
- 10.2.7.1 Canada Wind Turbine Casting, by Type
- 10.2.7.2 Canada Wind Turbine Casting, by Material Type
- 10.2.7.3 Canada Wind Turbine Casting, by Application
- 10.2.7.4 Canada Wind Turbine Casting, by Casting Technology
- 10.2.7.5 Canada Wind Turbine Casting, by End Use
- 10.3 Wind Turbine Casting Market - Europe
- 10.3.1 Europe Wind Turbine Casting, by Type
- 10.3.2 Europe Wind Turbine Casting, by Material Type
- 10.3.3 Europe Wind Turbine Casting, by Application
- 10.3.4 Europe Wind Turbine Casting, by Casting Technology
- 10.3.5 Europe Wind Turbine Casting, by End Use
- 10.3.6 Wind Turbine Casting Market - France
- 10.3.6.1 France Wind Turbine Casting, by Type
- 10.3.6.2 France Wind Turbine Casting, by Material Type
- 10.3.6.3 France Wind Turbine Casting, by Application
- 10.3.6.4 France Wind Turbine Casting, by Casting Technology
- 10.3.6.5 France Wind Turbine Casting, by End Use
- 10.3.7 Wind Turbine Casting Market - Germany
- 10.3.7.1 Germany Wind Turbine Casting, by Type
- 10.3.7.2 Germany Wind Turbine Casting, by Material Type
- 10.3.7.3 Germany Wind Turbine Casting, by Application
- 10.3.7.4 Germany Wind Turbine Casting, by Casting Technology
- 10.3.7.5 Germany Wind Turbine Casting, by End Use
- 10.3.8 Wind Turbine Casting Market - UK
- 10.3.8.1 UK Wind Turbine Casting, by Type
- 10.3.8.2 UK Wind Turbine Casting, by Material Type
- 10.3.8.3 UK Wind Turbine Casting, by Application
- 10.3.8.4 UK Wind Turbine Casting, by Casting Technology
- 10.3.8.5 UK Wind Turbine Casting, by End Use
- 10.3.9 Wind Turbine Casting Market - Italy
- 10.3.9.1 Italy Wind Turbine Casting, by Type
- 10.3.9.2 Italy Wind Turbine Casting, by Material Type
- 10.3.9.3 Italy Wind Turbine Casting, by Application
- 10.3.9.4 Italy Wind Turbine Casting, by Casting Technology
- 10.3.9.5 Italy Wind Turbine Casting, by End Use
- 10.3.10 Wind Turbine Casting Market - Netherlands
- 10.3.10.1 Netherlands Wind Turbine Casting, by Type
- 10.3.10.2 Netherlands Wind Turbine Casting, by Material Type
- 10.3.10.3 Netherlands Wind Turbine Casting, by Application
- 10.3.10.4 Netherlands Wind Turbine Casting, by Casting Technology
- 10.3.10.5 Netherlands Wind Turbine Casting, by End Use
- 10.3.11 Wind Turbine Casting Market - Spain
- 10.3.11.1 Spain Wind Turbine Casting, by Type
- 10.3.11.2 Spain Wind Turbine Casting, by Material Type
- 10.3.11.3 Spain Wind Turbine Casting, by Application
- 10.3.11.4 Spain Wind Turbine Casting, by Casting Technology
- 10.3.11.5 Spain Wind Turbine Casting, by End Use
- 10.3.12 Wind Turbine Casting Market - Russia
- 10.3.12.1 Russia Wind Turbine Casting, by Type
- 10.3.12.2 Russia Wind Turbine Casting, by Material Type
- 10.3.12.3 Russia Wind Turbine Casting, by Application
- 10.3.12.4 Russia Wind Turbine Casting, by Casting Technology
- 10.3.12.5 Russia Wind Turbine Casting, by End Use
- 10.3.13 Wind Turbine Casting Market - Rest of Europe
- 10.3.13.1 Rest of Europe Wind Turbine Casting, by Type
- 10.3.13.2 Rest of Europe Wind Turbine Casting, by Material Type
- 10.3.13.3 Rest of Europe Wind Turbine Casting, by Application
- 10.3.13.4 Rest of Europe Wind Turbine Casting, by Casting Technology
- 10.3.13.5 Rest of Europe Wind Turbine Casting, by End Use
- 10.4 Wind Turbine Casting Market - Asia Pacific
- 10.4.1 Asia Pacific Wind Turbine Casting, by Type
- 10.4.2 Asia Pacific Wind Turbine Casting, by Material Type
- 10.4.3 Asia Pacific Wind Turbine Casting, by Application
- 10.4.4 Asia Pacific Wind Turbine Casting, by Casting Technology
- 10.4.5 Asia Pacific Wind Turbine Casting, by End Use
- 10.4.6 Wind Turbine Casting Market - Japan
- 10.4.6.1 Japan Wind Turbine Casting, by Type
- 10.4.6.2 Japan Wind Turbine Casting, by Material Type
- 10.4.6.3 Japan Wind Turbine Casting, by Application
- 10.4.6.4 Japan Wind Turbine Casting, by Casting Technology
- 10.4.6.5 Japan Wind Turbine Casting, by End Use
- 10.4.7 Wind Turbine Casting Market - China
- 10.4.7.1 China Wind Turbine Casting, by Type
- 10.4.7.2 China Wind Turbine Casting, by Material Type
- 10.4.7.3 China Wind Turbine Casting, by Application
- 10.4.7.4 China Wind Turbine Casting, by Casting Technology
- 10.4.7.5 China Wind Turbine Casting, by End Use
- 10.4.8 Wind Turbine Casting Market - India
- 10.4.8.1 India Wind Turbine Casting, by Type
- 10.4.8.2 India Wind Turbine Casting, by Material Type
- 10.4.8.3 India Wind Turbine Casting, by Application
- 10.4.8.4 India Wind Turbine Casting, by Casting Technology
- 10.4.8.5 India Wind Turbine Casting, by End Use
- 10.4.9 Wind Turbine Casting Market - Malaysia
- 10.4.9.1 Malaysia Wind Turbine Casting, by Type
- 10.4.9.2 Malaysia Wind Turbine Casting, by Material Type
- 10.4.9.3 Malaysia Wind Turbine Casting, by Application
- 10.4.9.4 Malaysia Wind Turbine Casting, by Casting Technology
- 10.4.9.5 Malaysia Wind Turbine Casting, by End Use
- 10.4.10 Wind Turbine Casting Market - Indonesia
- 10.4.10.1 Indonesia Wind Turbine Casting, by Type
- 10.4.10.2 Indonesia Wind Turbine Casting, by Material Type
- 10.4.10.3 Indonesia Wind Turbine Casting, by Application
- 10.4.10.4 Indonesia Wind Turbine Casting, by Casting Technology
- 10.4.10.5 Indonesia Wind Turbine Casting, by End Use
- 10.4.11 Wind Turbine Casting Market - South Korea
- 10.4.11.1 South Korea Wind Turbine Casting, by Type
- 10.4.11.2 South Korea Wind Turbine Casting, by Material Type
- 10.4.11.3 South Korea Wind Turbine Casting, by Application
- 10.4.11.4 South Korea Wind Turbine Casting, by Casting Technology
- 10.4.11.5 South Korea Wind Turbine Casting, by End Use
- 10.4.12 Wind Turbine Casting Market - Australia
- 10.4.12.1 Australia Wind Turbine Casting, by Type
- 10.4.12.2 Australia Wind Turbine Casting, by Material Type
- 10.4.12.3 Australia Wind Turbine Casting, by Application
- 10.4.12.4 Australia Wind Turbine Casting, by Casting Technology
- 10.4.12.5 Australia Wind Turbine Casting, by End Use
- 10.4.13 Wind Turbine Casting Market - Rest of APAC
- 10.4.13.1 Rest of APAC Wind Turbine Casting, by Type
- 10.4.13.2 Rest of APAC Wind Turbine Casting, by Material Type
- 10.4.13.3 Rest of APAC Wind Turbine Casting, by Application
- 10.4.13.4 Rest of APAC Wind Turbine Casting, by Casting Technology
- 10.4.13.5 Rest of APAC Wind Turbine Casting, by End Use
- 10.5 Wind Turbine Casting Market - Latin America
- 10.5.1 Latin America Wind Turbine Casting, by Type
- 10.5.2 Latin America Wind Turbine Casting, by Material Type
- 10.5.3 Latin America Wind Turbine Casting, by Application
- 10.5.4 Latin America Wind Turbine Casting, by Casting Technology
- 10.5.5 Latin America Wind Turbine Casting, by End Use
- 10.5.6 Wind Turbine Casting Market - Mexico
- 10.5.6.1 Mexico Wind Turbine Casting, by Type
- 10.5.6.2 Mexico Wind Turbine Casting, by Material Type
- 10.5.6.3 Mexico Wind Turbine Casting, by Application
- 10.5.6.4 Mexico Wind Turbine Casting, by Casting Technology
- 10.5.6.5 Mexico Wind Turbine Casting, by End Use
- 10.5.7 Wind Turbine Casting Market - Brazil
- 10.5.7.1 Brazil Wind Turbine Casting, by Type
- 10.5.7.2 Brazil Wind Turbine Casting, by Material Type
- 10.5.7.3 Brazil Wind Turbine Casting, by Application
- 10.5.7.4 Brazil Wind Turbine Casting, by Casting Technology
- 10.5.7.5 Brazil Wind Turbine Casting, by End Use
- 10.5.8 Wind Turbine Casting Market - Argentina
- 10.5.8.1 Argentina Wind Turbine Casting, by Type
- 10.5.8.2 Argentina Wind Turbine Casting, by Material Type
- 10.5.8.3 Argentina Wind Turbine Casting, by Application
- 10.5.8.4 Argentina Wind Turbine Casting, by Casting Technology
- 10.5.8.5 Argentina Wind Turbine Casting, by End Use
- 10.5.9 Wind Turbine Casting Market - Rest of Latin America
- 10.5.9.1 Rest of Latin America Wind Turbine Casting, by Type
- 10.5.9.2 Rest of Latin America Wind Turbine Casting, by Material Type
- 10.5.9.3 Rest of Latin America Wind Turbine Casting, by Application
- 10.5.9.4 Rest of Latin America Wind Turbine Casting, by Casting Technology
- 10.5.9.5 Rest of Latin America Wind Turbine Casting, by End Use
- 10.6 Wind Turbine Casting Market - Middle East Africa
- 10.6.1 Middle East Africa Wind Turbine Casting, by Type
- 10.6.2 Middle East Africa Wind Turbine Casting, by Material Type
- 10.6.3 Middle East Africa Wind Turbine Casting, by Application
- 10.6.4 Middle East Africa Wind Turbine Casting, by Casting Technology
- 10.6.5 Middle East Africa Wind Turbine Casting, by End Use
- 10.6.6 Wind Turbine Casting Market - Saudi Arabia
- 10.6.6.1 Saudi Arabia Wind Turbine Casting, by Type
- 10.6.6.2 Saudi Arabia Wind Turbine Casting, by Material Type
- 10.6.6.3 Saudi Arabia Wind Turbine Casting, by Application
- 10.6.6.4 Saudi Arabia Wind Turbine Casting, by Casting Technology
- 10.6.6.5 Saudi Arabia Wind Turbine Casting, by End Use
- 10.6.7 Wind Turbine Casting Market - UAE
- 10.6.7.1 UAE Wind Turbine Casting, by Type
- 10.6.7.2 UAE Wind Turbine Casting, by Material Type
- 10.6.7.3 UAE Wind Turbine Casting, by Application
- 10.6.7.4 UAE Wind Turbine Casting, by Casting Technology
- 10.6.7.5 UAE Wind Turbine Casting, by End Use
- 10.6.8 Wind Turbine Casting Market - Israel
- 10.6.8.1 Israel Wind Turbine Casting, by Type
- 10.6.8.2 Israel Wind Turbine Casting, by Material Type
- 10.6.8.3 Israel Wind Turbine Casting, by Application
- 10.6.8.4 Israel Wind Turbine Casting, by Casting Technology
- 10.6.8.5 Israel Wind Turbine Casting, by End Use
- 10.6.9 Wind Turbine Casting Market - South Africa
- 10.6.9.1 South Africa Wind Turbine Casting, by Type
- 10.6.9.2 South Africa Wind Turbine Casting, by Material Type
- 10.6.9.3 South Africa Wind Turbine Casting, by Application
- 10.6.9.4 South Africa Wind Turbine Casting, by Casting Technology
- 10.6.9.5 South Africa Wind Turbine Casting, by End Use
- 10.6.10 Wind Turbine Casting Market - Rest of MEA
- 10.6.10.1 Rest of MEA Wind Turbine Casting, by Type
- 10.6.10.2 Rest of MEA Wind Turbine Casting, by Material Type
- 10.6.10.3 Rest of MEA Wind Turbine Casting, by Application
- 10.6.10.4 Rest of MEA Wind Turbine Casting, by Casting Technology
- 10.6.10.5 Rest of MEA Wind Turbine Casting, by End Use
Chapter 11. Competitive Landscape
- 11.1 Key Market Players: Categorization
- 11.2 Strategy Framework
- 11.3 Recent Development
- 11.4 Vendor Landscape
Chapter 12. Company Profiles
- 12.1 Sinovel Wind Group Co., Ltd.
- 12.1.1 Business Overview
- 12.1.2 Products and Services
- 12.2 Dean Group International
- 12.2.1 Business Overview
- 12.2.2 Products and Services
- 12.3 Vestas
- 12.3.1 Business Overview
- 12.3.2 Financial Snapshot
- 12.3.2.1 Revenue by Market Segment
- 12.3.2.2 Revenue by Region
- 12.3.3 Products and Services
- 12.3.4 Recent Developments
- 12.4 ABB
- 12.4.1 Business Overview
- 12.4.2 Financial Snapshot
- 12.4.2.1 Revenue by Market Segment
- 12.4.2.2 Revenue by Region
- 12.4.3 Products and Services
- 12.5 Goldwind Science & Technology Co., Ltd.
- 12.5.1 Business Overview
- 12.5.2 Financial Snapshot
- 12.5.2.1 Revenue by Market Segment
- 12.5.3 Products and Services
- 12.6 Enercon GmbH
- 12.6.1 Business Overview
- 12.6.2 Products and Services
- 12.7 Dalian Huarui Heavy Industry Group Co., Ltd.
- 12.7.1 Business Overview
- 12.7.2 Financial Snapshot
- 12.7.3 Products and Services
- 12.8 Suzlon Energy Limited
- 12.8.1 Business Overview
- 12.8.2 Financial Snapshot
- 12.8.3 Products and Services
- 12.9 JS Auto Cast Foundry Pvt Ltd.
- 12.9.1 Business Overview
- 12.9.2 Financial Snapshot
- 12.9.3 Products and Services
- 12.10 Sakana Group
- 12.10.1 Business Overview
- 12.10.2 Products and Services