#Wind Turbine Casting Market Research

[padmavarma]

The Wind Turbine Casting Market size is forecast to reach $2.85 billion by 2027, growing at a CAGR of 6.02% from 2022 to 2027. Rising government investment toward green electricity generation by integrating wind power technology is positively impacting the installation of wind turbines across the globe. Wind turbines consist of various parts which include a rotor shaft, rotor hubs, rotor blades, gearbox, generators, towers, rotor bearings, power converter, transformer, nacelle housing, cables and others. Wind turbines are designed with a lifespan of 20 years and thus, the components require high fatigue strength. Wind Turbine Casting aids in high creep resistance and can be considered vital in developing composite components. The primary parts such as rotor hubs, axle pins and main carriers are subjected to high stress and thus these components are in dire need of undergoing a casting process. Factors such as favorable government policies promoting renewable energy usage and the demand for reducing carbon imprints and emissions are fueling the installation of wind turbines across the globe, which in turn is set to spur the demand for wind turbine casting for years to come. Does the German federal government plan to expand offshore wind power to a capacity of 15,000?MW by the year 2030 to reduce the CO2 emissions and this in turn is set to aid the growth of the Wind Turbine Casting Market in future years.

Wind Turbine Casting Market Report Coverage

The “Wind Turbine Casting Market Report - Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Wind Turbine Casting Market.

By Type: Horizontal Axis Turbine and Vertical Axis Turbine. By Material Type: steel, cast iron, aluminum alloy, glass-reinforced plastic, copper and others. By Capacity: <3 MW, 3-5 MW, 5-8 MW and >8 MW. By Casting Technology: sand casting, chill casting and others. By Component: Tower/ foundation, rotor hubs, rotor blades, axle pins, rotor shaft, rotor bearings, gearbox and others. By Application: Offshore and Onshore. By End-user: Industrial, Commercial, Residential By Geography: North America (the U.S., Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, South Korea, Australia and Others), South America (Brazil, Argentina and others) and RoW (the Middle East and Africa).

[shristisahu]

Global Turbine Pump Leaders | SpendEdge

Originally Published on: SpendEdge |Top 5 Manufacturers of Turbine Pumps Worldwide I SpendEdge 

Turbine pumps, essential in agriculture for liquid transfer, raw water intake, and more, are witnessing soaring demand. Fueled by agriculture and their expanding role in electricity generation, global turbine pump manufacturers are experiencing substantial growth. This SpendEdge procurement-derived report zeroes in on the turbine pump category.

Understanding Turbine Pumps:

Turbine pumps, also known as centrifugal pumps, consist of a rotating device featuring an impeller, pump shaft, and motor. Crafted from materials like plastics, cast iron, steel, and stainless-steel alloys, these pumps serve applications in irrigation, deep-well pumping, and wastewater treatment. Their advantages include a high discharge capacity, efficiency in handling gas-liquid mixtures, and a compact design.

Top 5 Turbine Pump Manufacturers:

Gorman-Rupp:

Location: Mansfield, Ohio, USA

Overview: Established in 1933, Gorman Rupp specializes in pumps for various markets, offering a product line that includes standard centrifugal pumps, self-priming centrifugal pumps, submersible pumps, trash pumps, and more.

Pentair:

Location: Minneapolis, Minnesota, USA

Overview: Founded in 1966, Pentair operates globally, manufacturing high-performance pool and spa equipment and energy-efficient pumps. With a presence in over 30 countries, Pentair is a key player in the turbine pump market.

Sulzer:

Location: Winterthur, Switzerland

Overview: Established in 1775, Sulzer Ltd. is a Swiss industrial engineering company and a significant player in turbine pump manufacturing. Specializing in pumping services and solutions, Sulzer is listed on the Swiss Stock Exchange.

Flowserve:

Location: Irving, Texas, USA

Overview: Founded in 1997, Flowserve Corporation is an American multinational supplying environmental and industrial machinery, including valves, turbine pumps, automation, and mechanical seals. With a global presence, Flowserve provides aftermarket services and products to various industries.

Xylem:

Location: Rye Brook, New York, USA

Overview: Xylem Inc., a water technology company, operates globally with business in over 150 countries. With a workforce exceeding 12,000 employees, Xylem focuses on agricultural applications and water infrastructure.

Additional Manufacturers:

Siemens Energy:

Headquarters: Munich, Germany

Products: Gas turbines, steam turbines, wind turbines, and more

Overview: Siemens Energy, a spin-off from Siemens AG, specializes in energy-related products and services.

Rolls-Royce:

Headquarters: London, United Kingdom

Products: Aircraft engines, gas turbines, propulsion systems, and more

Overview: Renowned for aerospace engines, Rolls-Royce also produces gas turbines for power generation and other applications.

Mitsubishi Power:

Headquarters: Yokohama, Japan

Products: Gas turbines, steam turbines, power plants, and more

Overview: As a subsidiary of Mitsubishi Heavy Industries, Mitsubishi Power focuses on energy solutions.

Challenges in the Global Industrial Pump Market:

Environmental Regulations:

Increasing regulations and energy efficiency concerns are pushing for sustainable and efficient pump solutions, necessitating manufacturers to adapt to stricter standards.

Technological Advancements:

While technological progress brings opportunities, incorporating advanced technologies demands continuous research and development to stay competitive.

Energy Costs:

Fluctuations in energy prices significantly impact operating expenses for pumps, influencing purchasing decisions.

Opportunities in the Global Industrial Pump Market:

Energy Efficiency and Environmental Concerns:

The growing focus on sustainability creates a demand for energy-efficient pump solutions, presenting opportunities for development.

Rising Demand for Water and Wastewater Management:

Increasing concerns about water scarcity drive demand for pumps in water treatment, distribution, and wastewater management, particularly those efficient in handling diverse fluids.

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[sufferfly1]

Wind Turbine Casting Market : A Breakdown of the Industry by Technology, Application, and Geography

Report Overview

Polaris Market Research announces the release of a new report Wind Turbine Casting Market by Share, Size, Trends, Future Growth, and Demand Analysis 2032 Keyword. The research report conducts an in-depth market study to provide a comprehensive analysis of the current state and future potential of the Wind Turbine Casting Market. It covers several aspects, including industry size, key players, growth drivers, key opportunities, and challenges. Besides, market segmentation, competitive landscape, and regional analysis are detailed in the report.

The research study aims to assist stakeholders, investors, and businesses in making more informed decisions and formulating effective strategies to stay ahead of the curve. In addition, the impact of technological advancements, changing consumer preferences, and rising demand for innovative services on the market is covered. The report is a must-read for anyone currently involved or interested in the industry.

Request Our Free Sample Report for Wind Turbine Casting Market Insights and Emerging Trends @ https://www.polarismarketresearch.com/industry-analysis/wind-turbine-casting-market/request-for-sample

According to the research report, the global wind turbine casting market was valued at USD 2.15 billion in 2022 and is expected to reach USD 3.69 billion by 2032, to grow at a CAGR of 5.6% during the forecast period.

Competitive Landscape

The research study analyzes the current competitive environment of the market by providing information regarding Wind Turbine Casting Market key players. The competitive landscape section covers several aspects of industry players, including their sales volume, market share, price, and gross margin. Additionally, important information about strategic developments such as mergers, acquisitions, and collaborations is provided in the report.

Major Key Players

Sinovel

SEFORGE

Vestas

GmbH & Co. KG

Goldwind

DHI DCW Group Co. Ltd.

Enercon

Global Castings

Suzlon

Riyue Heavy Industry Corporation Ltd.

SAKANA Group

SHW Casting Technologies

Elyria Foundry Company

Premier Heavy Engineering

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Growth Drivers

Key trends: The report identifies and analyzes the key trends and drivers that are shaping the growth trajectory of the Wind Turbine Casting Market.

Technological advancements: Advances in technology and their overall impact on the industry have been covered in the report.

Regulatory landscape: The research study provides an in-depth examination of the regulatory environment to help stakeholders seize opportunities and mitigate potential challenges.

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Segmental Analysis

The Wind Turbine Casting Market segmentation is primarily based on type, application, end use, and region. A comprehensive analysis of each of these segments is detailed in the report. Besides, the study sheds light on all the major sub-segments in the market. That way, stakeholders can better understand the needs of their customers and align their business strategies accordingly.

Regional Overview

The study offers additional insight into the regional market distribution, covering industry trends, revenue sources, and potential opportunities. Also, it offers predictions for revenue growth at regional, national, and global levels. Other important factors like pricing, production capacity, supply and demand ratios, and projected Wind Turbine Casting Market sales are detailed in the report.

The Geographical Analysis Covers Following Key Regions:

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and the rest of South America)

The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)

Key Highlights of the Report

A descriptive analysis of the demand-supply gap and forecast in the global market.

Bottom-up and top-down approaches for regional analysis.

Covers a SWOT analysis of key players and the overall Wind Turbine Casting Market.

Includes both primary and secondary research methods to provide a thorough market understanding.

Porter’s Five Forces model provides an in-depth examination of industry vendors, substitutes, and competition among industry players.

Provides a detailed picture of the market by including value chain analysis.

The Report Answers Questions Such As

What is the current size and projected value for the market?

What are the key factors driving the Wind Turbine Casting Market demand?

Which is the leading segment in the industry?

What are the potential attractive investment opportunities in the market?

At what CAGR is the market projected to grow over the forecast period?

Where will strategic developments take the Wind Turbine Casting Market in the short to long term?

Read More Trending Report of "Polaris Market Research Exclusive": https://www.polarismarketresearch.com/industry-analysis/wind-turbine-casting-market

About Us

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semiconductors, chemicals, automotive, and aerospace & defense, among different ventures, present globally.

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[market-insider]

High Purity Pig Iron Market's Integral Role in Elevating Steel Quality Standards

The global high purity pig iron market size is expected to reach USD 17.09 billion by 2030, according to a new report by Grand View Research, Inc, expanding at a CAGR of 8.5% over the forecast period. Investments in wind power generation are expected to benefit the industry growth from 2022 to 2030. HPPI is the principal raw material used in the production of nodular cast iron components, which are deployed in industries, such as wind energy, automotive & transportation, etc. Increasing emissions and limited potential for fossil fuels have led to the focus on energy production from renewable sources, such as wind and solar. HPPI finds applications in different wind turbine components, such as rotors, shafts, frames, and blades among others.

High Purity Pig Iron Market Report Highlights

The energy application segment is projected to register the fastest CAGR over the forecast period. A shift towards renewable energy is anticipated to promote the usage of nodular cast iron components and benefit HPPI demand

Automotive & transportation was the largest application segment in 2021. Investments for new plants and capacity additions are projected to boost the demand for HPPI products in casting parts

Asia Pacific was the leading region in 2021 due to offshore wind projects and industrial production in China, India, and Japan

India is anticipated to register a lucrative growth rate, in terms of revenue, over the forecast period due to the growing focus on domestic manufacturing to cater to the growing demand from various end-use industries

For More Details or Sample Copy please visit link @: High Purity Pig Iron Market Report

China, a leader in wind energy installations, aims to double its wind and solar capacity by 2025. The pollution levels are also high in China compared to other countries around the world, therefore it is necessary to increase renewable power generation. As per the central economic plan of the country, nearly 33% of power supply will come from renewable sources by 2025, an increase from 29% in 2020. Recently, Siemens Gamesa Renewable Energy received an order for 14 offshore wind turbines from a Green Power Investment firm in Japan. This Ishikari offshore project is likely to produce 112 MW of wind energy wherein installations are planned to start in July 2023. The turbines have ClassNK certification ensuring stringent technical standards. Similar investments in wind energy are expected to provide a boost to the HPPI products demand.

Automotive & transportation is a key application segment, wherein nodular cast iron components made using HPPI are used. This segment is likely to register a growth of 8.3%, in terms of revenue, from 2022 to 2030. A rise in the production capacities for vehicles is projected to attract the demand for HPPI products. For instance, Kia Motors in India is expected to increase its production capacity to 400,000 units by the end of 2022. Increasing utilization of steel scrap in foundries, especially in China, is projected to remain a favorable factor for the industry players. The increasing shift towards electric furnaces compared to blast furnaces requires high purity iron to reduce the impurities in the melt. This is anticipated to benefit in the reduction of carbon emissions and, thus, protect the environment.

HighPurityPigIron #PigIron #Metallurgy #SteelProduction #MetalManufacturing #IronSmelting #PureIron #MetallurgicalProcesses #PremiumSteel #IronQuality #FoundryMaterials #SteelQuality #AlloyProduction #MetalInnovation #IronandSteel #SmeltingTechnology #HighPerformanceMetals #MetalsIndustry #SteelStandards #SteelManufacturing #MetalExcellence

[sonali2345]

"Whirling Progress: A Closer Look at the Global Vertical Axis Wind Turbine Market" 

A vertical axis wind turbine distinguishes itself by orienting its main rotor shaft perpendicular to the wind, while its main components are located at the base. This design proves particularly advantageous for limited-space applications, ensuring optimal power generation while maintaining safety. The positioning of the gearbox near the ground simplifies maintenance, as operators are spared the challenge of ascending great heights 

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. Unlike their horizontal counterparts, vertical axis wind turbines do not require wind-sensing mechanisms, offering benefits such as strength, compactness, reduced noise, cost-effectiveness, and omnidirectional performance. This layout facilitates tight placement, thereby minimizing installation space requirements. Vertical axis wind turbines find application in small wind projects and residential setups, serving as an economical and eco-friendly means of harnessing wind energy. The growth of the vertical axis wind turbine market is driven by an increasing demand for clean and renewable energy sources.  

Impact of COVID-19  

The global economic downturn induced by the COVID-19 pandemic has cast a shadow over the vertical axis wind turbine business, leading to supply chain disruptions and decreased economic activity. Reduced household incomes have dampened demand for vertical axis wind turbines. However, as economies gradually recover, the market is showing signs of resurgence, driven by heightened awareness and the necessity of adopting cost-effective and eco-friendly energy solutions.  

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Key Influencing Factors  

The shift towards renewable energy sources positions the vertical axis wind turbine market for growth, as it relies solely on renewable wind energy. Government initiatives offering grants for renewable energy installations further bolster this trend. Technological advancements have lowered costs associated with vertical axis wind turbines, rendering them an economically viable power generation solution. Nonetheless, inconsistent wind speeds in certain regions pose a challenge to market growth. To function optimally, vertical axis wind turbines require a consistent wind flow, which is not always available. Additionally, noise concerns restrict their installation in residential areas. The discontinuation of production tax credit schemes in the U.S. adds uncertainty to investments in vertical axis wind turbines, potentially affecting market growth. Transitioning from non-renewable to renewable energy 

sources offers an avenue for market expansion, driven by heightened awareness and the commercial sector's increasing adoption of vertical axis wind turbines for energy generation.  

Market Trends  

A trend emerging in the market is the use of hybrid street lighting systems that combine solar and wind energy for electricity generation. A novel bladeless technology has also garnered attention, utilizing air flow-induced vibrations to generate electricity. This innovative approach eliminates traditional blades, enhancing safety and expanding deployment opportunities, even in residential areas. Research is also focused on developing cost-effective, mass-produced materials for wind turbine blades, with collaborations aimed at enhancing blade efficiency and recyclability.  

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Key Report Benefits  

This study offers an analytical overview of the Vertical Axis Wind Turbine market, highlighting current trends and future investment prospects.  

 The report delves into key drivers, restraints, and opportunities, accompanied by a detailed analysis of the Vertical Axis Wind Turbine market share.  

 Quantitative analysis illuminates growth scenarios in the Vertical Axis Wind Turbine market.  

 Porter's five forces analysis illustrates buyer and supplier dynamics.   

The report provides an in-depth Vertical Axis Wind Turbine market analysis, considering competitive intensity and the anticipated evolution of competition in the coming years.  

Vertical Axis Wind Turbine Market Report Highlights  

Key Aspects  

Type  

Darrieus  

Savonious  

Garomill 

Application  

Residential  

Industrial  

Commercial  

Regional Landscape  

North America (U.S., Canada, Mexico)  

Europe (France, Germany, Italy, Spain, UK, Rest of Europe)  

Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)  

LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Rest of LAMEA)  

[databridgemarket456]

Data bridge market research analyses that the market is growing with the CAGR of 10.40% in the forecast period of 2021 to 2028 and is expected to reach USD 4.50 billion by 2028. The rising need of electricity across the globe is escalating the growth of wind turbine casting market.

[akashpawar0412]

**Aerospace Magnesium Alloys Market Report Forecast 2022-2028**

The global Aerospace Magnesium Alloys market size is estimated to be worth US$ 180.85 million in 2022 and is forecast to a readjusted size of US$ 277.1 million by 2028 with a CAGR of 7.37% during the forecast period 2022-2028.

Aerospace magnesium alloys are used in aircraft, missiles and spacecraft. These alloys are essential for the structural integrity of airframes and engines due to their light weight and high tensile strength.

Report Sample includes: - Table of Contents - List of Tables & Figures - Charts - Research Methodology

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Fully considering the economic change by this health crisis, Casting Alloys accounting for 44.91% of the Aerospace Magnesium Alloys global market in 2021, is projected to value US$ 115.8 million by 2028, growing at a revised 6.3% CAGR from 2022 to 2028. While Commercial segment is altered to an 8.39% CAGR throughout this forecast period.

Segment Analysis:

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

By Company:

The global major manufacturers of Aerospace Magnesium Alloys include Luxfer MEL Technologies, Magontec, Shanxi Yinguang, Huasheng Magnesium, Shanxi Bada Magnesium, Smiths Metal, Regal Magnesium, Allite, Inc., Shanxi Fugu Tianyu Mineral, Alloys International, Huashun Magnesium Industry and Tech Steel & Materials, etc. In terms of revenue, the global three largest players hold a 60% market share of Aerospace Magnesium Alloys in 2021.

Luxfer MEL Technologies

Magontec

Shanxi Yinguang Huasheng Magnesium

Shanxi Bada Magnesium

Smiths Metal

Regal Magnesium

Allite, Inc.

Shanxi Fugu Tianyu Mineral

Alloys International

Huashun Magnesium Industry

Tech Steel & Materials

 Segment by Type

Casting Alloys

Wrought Alloys

Segment by End User

Commercial

Military

North America Aerospace Magnesium Alloys market size was US$ 86.06 million in 2021, while Europe was US$ 59.82 million. The proportion of the North America was 43.78% in 2021, while Europe's percentage was 30.43%, and it is predicted that Europe market share will reach 30.14% in 2028, trailing a CAGR of 7.13% through the analysis period. As for the Asia, the notable markets are China CAGR is 7.39% for the next 6-year period.

Production by Region

North America

Europe

China

Consumption by Region

North America

U.S.

Canada

Asia-Pacific

China

Japan

South Korea

Southeast Asia

India

Rest of APAC

Europe

Germany

France

U.K.

Italy

Russia

Rest of Europe

South America

Mexico

Brazil

Rest of South America

Market Drivers:

Aerospace magnesium alloys market has witnessed a significant growth owing to the increasing demand for these alloys in various end-use sectors such as aircraft, defense, automobiles, and wind turbines. Some of the major drivers for this market include growing demand from the aviation sector, increasing requirement for lightweight and strong alloys, and increasing production of aircrafts. In addition, rising environmental concerns are also fueling the growth of this market.

The research report has incorporated the analysis of different factors that augment the market's growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert's opinions have been taken to understand the market better.

Market Challenges:

This growth is due to the increasing demand for aircraft and aerospace components, owing to their lightweight and high strength properties. However, various challenges faced by the market are restraining its growth. The most significant of these challenges is the high cost of magnesium alloys, which is a major barrier to the adoption of these materials in aircraft and aerospace applications. Additionally, environmental concerns are also hampering the growth of this market.

Get the Complete Report & TOC at https://www.intelmarketresearch.com/chemicals-and-materials/12/aerospace-magnesium-alloys-market

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[newsmartmarketing]

Wind Turbine Casting Market 2022 | Business Opportunity, Growth Strategies & Forecast Report By 2028

The Wind Turbine Casting Market Report, in its latest update, highlights the significant impacts and the recent strategical changes under the present socio-economic scenario. The Wind Turbine Casting industry growth avenues are deeply supported by exhaustive research by the top analysts of the industry. The report starts with the executive summary, followed by a value chain and marketing channels study. The report then estimates the CAGR and market revenue of the Global and regional segments.

Base Year: 2021

Estimated Year: 2022

Forecast Till: 2022 to 2028

The report classifies the market into different segments based on type and product. These segments are studied in detail, incorporating the market estimates and forecasts at regional and country levels. The segment analysis is helpful in understanding the growth areas and potential opportunities of the market.

Get | Download FREE Sample Report of Global Wind Turbine Casting Market @ https://www.decisiondatabases.com/contact/download-sample-15035

A special section is dedicated to the analysis of the impact of the COVID-19 pandemic on the growth of the Wind Turbine Casting market.  The impact is closely studied in terms of production, import, export, and supply.

The report covers the complete competitive landscape of the Worldwide Wind Turbine Casting market with company profiles of key players such as:

DHI DCW Group Co., Ltd.

Elyria Foundry Company, LLC

Enercon

Global Castings

Goldwind

Premier Heavy Engineering

Riyue Heavy Industry Corporation Ltd.

SAKANA Group

SEFORGE

SHW Casting Technologies GmbH & Co. KG

Sinovel

Suzlon

Vestas

Want to add more Company Profiles to the Report? Write your Customized Requirements to us @ https://www.decisiondatabases.com/contact/get-custom-research-15035

Wind Turbine Casting Market Analysis by Type:

Horizontal Axis

Vertical Axis

Wind Turbine Casting Market Analysis by Application:

Onshore

Offshore

Others

Wind Turbine Casting Market Analysis by Geography:

North America (USA, Canada, and Mexico)

Europe (Germany, UK, France, Italy, Russia, Spain, Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, Australia, South-East Asia, Rest of Asia-Pacific)

Latin America (Brazil, Argentina, Peru, Chile, Rest of Latin America)

The Middle East and Africa (Saudi Arabia, UAE, Israel, South Africa, Rest of the Middle East and Africa)

Key questions answered in the report:

 What is the expected growth of the Wind Turbine Casting market between 2022 to 2028?

Which application and type segment holds the maximum share in the Global Wind Turbine Casting market?

Which regional Wind Turbine Casting market shows the highest growth CAGR between 2022 to 2028?

What are the opportunities and challenges currently faced by the Wind Turbine Casting market?

Who are the leading market players and what are their Strengths, Weakness, Opportunities, and Threats (SWOT)?

What business strategies are the competitors considering to stay in the Wind Turbine Casting market?

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About Us:

DecisionDatabases.com is a global business research report provider, enriching decision-makers, and strategists with qualitative statistics. DecisionDatabases.com is proficient in providing syndicated research reports, customized research reports, company profiles, and industry databases across multiple domains. Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors. We provide intellectual, precise, and meaningful data at a lightning speed.

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[karishmamulani]

Wind Turbine Casting Market With Business Strategies And Analysis To 2028

Wind Turbine Casting Market With Business Strategies And Analysis To 2028

The report “Global Wind Turbine Casting Market  2028” from PMR Market Research includes data and information about market structure and size. The purpose of this research is to give market knowledge and strategic insights to assist in decision making, making informed investment decisions, and identifying potential growth opportunities. The research report adopts primary and secondary research…

[industry365]

Wind Turbine Casting Market Will Witness Pronounced Growth During The Period 2021-2028

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 report “Wind Turbine Casting Market Analysis By Type (Horizontal Axis, Vertical Axis); By Application (Onshore, Offshore); By Regions, Segments and Forecasts, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

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 period.

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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.

Based on product type, the horizontal axis segment is expected to account for the major share in the global market over the forecast period. Moreover, the high effectiveness and energy output are further anticipated to be the opportunity in the market for the manufacturers to invest in the research and development activities of the wind turbine castings in the forthcoming years. In addition to this, the onshore segment is also expected to hold significant share in the global wind turbine castings industry over the forecast period.

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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Polaris Market research has segmented the wind turbine casting market report on the basis of product type, application and region

Wind Turbine Casting Product Type Outlook (Revenue, USD Million, 2016 – 2027)

Horizontal Axis

Vertical Axis

Wind Turbine Casting Application Outlook (Revenue, USD Million, 2016 – 2027)

Onshore

Offshore

Wind Turbine Casting Regional Outlook (Revenue, USD Million, 2016 – 2027)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

U.S.

Canada

UK

Germany

France

Italy

Spain

India

Japan

China

South Korea

Brazil

Mexico

Colombia

Saudi Arabia

South Africa

Israel

UAE

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[chitrakullkarni]

Carbon Fiber Reinforced Plastic (CFRP) Market Revenue Driver, Technology Estimates & Scope Analysis, 2024

Global Carbon Fiber Reinforced Plastic (CFRP) Market is anticipated to witness an exponential growth in the forecast period. Carbon fiber reinforced plastic, also known as “Carbon Fiber Reinforced Polymer” or “Carbon Fiber Reinforced Thermoplastic” (CFRTP, CRP, CFRP carbon composite), is an extremely light and strong fiber-reinforced plastic containing carbon fibers.

Growth Drivers:

The factors that propel the growth of the carbon fiber reinforced plastic market include rise in demand for high-performance products in aerospace & defense, surge in demand for lightweight products in the automotive industry, developing infrastructure prospects, and rapid industrialization. On the other hand, there are factors that may hamper the growth of the market including long production cycles, volatile costs, and low availability of raw material. Carbon fiber reinforced plastic (CFRP) industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Raw Material Outlook:

Carbon fiber reinforced plastic (CFRP) market could be explored by type, raw material, manufacturing process, application, and geography. The market could be explored by type as Epoxy Resin, Polyetherimide, Polyester Resin, Polyether Ether Ketone, Vinyl Resin, Polyurethane, Polyethersulfone, and Others. The market of carbon fiber reinforced plastic (CFRP) could be explored by raw material as Petroleum pitch, Polyacrylonitrile, and Others.

Manufacturing Process Outlook:

Based on manufacturing process, the carbon fiber reinforced plastic industry could span Pultrusion, Lay-up, Injection Moulding, Resin Transfer, Filament Winding, Compression Moulding and Others (centrifugal casting, extrusion, and close molding), and Others. The “Layup” segment led the CFRP market in 2016 and is anticipated to maintain its dominance by 2025. The key factors that could be attributed to the growth of market include robust growth of the wind energy industry, recovery of the marine industry at the global level and developed aerospace & defense industry.

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Application Outlook:

The key applications that could be explored in the carbon fiber reinforced plastic (CFRP) industry include Wind Turbines, Molding Compounds, Aerospace & Defense, Automotive, Building & Construction, Sports Equipment, and Others. The “Aerospace & Defense” segment led the market carbon fiber reinforced plastic (CFRP) in 2016 and is anticipated to maintain its dominance by 2025. The key factor that may be attributed to the growth of market includes increasing demand for composites in the production of aircraft components.

Regional Insights:

North America accounted for the major market share of the carbon fiber reinforced plastic (CFRP) in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include increase in demand for CFRP from wind energy, automotive industries, and aerospace & defense, increasing research and development activities, and prevalence of leading automobile manufacturers. North America is likely to be followed by the European region in the forecast period.

Top Players:

Some of the key players that fuel the growth of the carbon fiber reinforced plastic (CFRP) industry comprise DowAksa Advanced Composites Holdings B.V., Cytec Industries Inc., Formosa Plastics Corporation, Jiangsu Heng hen Fabre Material Co., Ltd., Hexcel Corporation, Mitsubishi Rayon Co., Ltd, Teijin Limited., SGL Carbon SE, ZhongfuShenying Carbon Fiber Co., Ltd., and Toray Industries, Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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[chemicalsubstancesworld]

Fiberglass Market Eyeing for Remarkable Growth due to Growing Number of Wind Turbine Installations

APAC to Spearhead Fiberglass Market 

 Description :

Global Fiberglass Market: Information by Type (E-Glass, A-Glass, C-Glass, S-Glass, T-Glass, AR-Glass, D-Glass and Others), Form (Tape, Cloth, Rope and Others), Resin (Polyester, Vinyl Esters, Epoxy, Polyurethanes, PEEK and Others), Application (Composites and Insulation) and Region (North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa)—Forecast till 2027

 Keywords :

Fiberglass, Fiberglass Market, Global Fiberglass Market, Fiberglass Industry, Fiberglass Business, Fiberglass Market Report, Fiberglass Market Analysis, Fiberglass Market Share, Fiberglass Market Size, Fiberglass Market Price, Fiberglass Market Growth, Fiberglass Market Analysis, Fiberglass Market Demand, Fiberglass Market Cast, Fiberglass Market Product

 Fiberglass Market  Analysis 

 The global fiberglass market is predicted to touch USD 20.32 billion at a 9.2% CAGR over the forecast period (2016-2023), in accordance with the latest Market Research Future (MRFR) report. Fiberglass is also popularly known as Glasfaserverstärkter Kunststof (GFK), glass-fiber reinforced plastic (GFRP), glass-reinforced plastic (GRP), or spun glass. It is basically a reinforced plastic material which contains glass fibers. This material is less brittle, strong, and lightweight. A key reason that led to the immense popularity of fiberglass is its ability in getting molded into different complex shapes. Here lies the reason why fiberglass is extensively used in roofing, aircraft, boats, bathtubs, and other applications. 

 Various factors are propelling the fiberglass market growth. These factors, in accordance with the MRFR report, include the wide applications of fiberglass in different end use industries including pharmaceutical, electrical, automotive, construction, and aerospace, growing number of wind turbine installations, growing awareness about renewable energy, and growing demand for lightweight automobiles and aircraft. Fiberglass has a corrosion-resistance property that helps it in withstanding adverse conditions and high temperatures owing to which manufacturers are choosing fiberglass as a key manufacturing component. 

 On the flip side, fluctuating cost of raw materials, the demand-supply gap in raw materials, and the growing number of health and environment concerns are factors that may deter the fiberglass market growth over the forecast period. 

 Fiberglass Market Segmentation 

 The MRFR report provides a complete segmental analysis of the fiberglass market report on the basis of application, printing process, resin, and type. 

 Based on type, the fiberglass market is segmented into D-glass, AR-glass, T-glass, S-glass, A-glass, E-glass, and others. Of these, the S-glass and E-glass will dominate the market over the forecast period. 

 Based on form, the fiberglass market is segmented into rope, cloth, tape, and others. 

 Based on resin, the fiberglass market is segmented into peek, polyurethanes, epoxy, vinyl esters, polyesters, and others. 

 Based on application, the fiberglass market is segmented into insulation and composites. 

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 Fiberglass Market  Regional Analysis

 By region, the fiberglass market report covers the latest trends and growth opportunities across the Asia Pacific (APAC), North America, Europe, Latin America, and the Middle East and Africa (MEA). Of these, the APAC region will spearhead the market over the forecast period. This is owing to the huge demand for fiberglass from different end use industries, including the electrical industry, construction industry, and automotive industry. The rapidly developing countries in the region such as Japan, India, and China are witnessing enormous market demand. Besides, the growing demand for fiberglass from the construction sector in Thailand, Indonesia, and India are also propelling the market growth in this region. 

 The fiberglass market in North America will have the second-largest share in the market over the forecast period. This is owing to the increasing consumption of fiberglass. Moreover, the well-developed economy, high consumption potential, increasing production capacities, and burgeoning demand for fiberglass-based construction materials are also boosting the market growth. 

 The fiberglass market in Europe is predicted to have profitable growth over the forecast period. This is owing to the large consumption of fiberglass in the electrical, construction, and pharmaceutical industry. Moreover, the growing demand for fiberglass in the aerospace and automotive sectors are also pushing market growth. 

 Key Players

 Leading players profiled in the fiberglass market report include W. L. Gore & Associates, Inc (US), Fiber Glass Industries Inc (US), Taishan Fiberglass Inc (China), PFG Fiber Glass Corporation (Taiwan), Taiwan Glass Industry Corporation (Taiwan), Owens Corning (US), PPG Industries Inc. (US), Saint-Gobain Vetrotex (Europe), Jushi Group Co. Ltd (China), and AGY Holding Corp. (US). Key players have incorporated several strategies to strengthen their position in the market such as collaborations, partnerships, expansions, product innovations, and product launches, research and development, mergers and acquisitions, and more. 

 August 2019: Thursday Pools, an Indiana fiberglass pool manufacturer and a leader in design and innovation in the fiberglass pool industry recently received the US Utility Patent for its beach entry fiberglass pool designs. 

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[databridgemarket456]

Data bridge market research analyses that the market is growing with the CAGR of 10.40% in the forecast period of 2021 to 2028 and is expected to reach USD 4.50 billion by 2028. The rising need of electricity across the globe is escalating the growth of wind turbine casting market.

[akashpawar0412]

**Aerospace Magnesium Alloys Market Outlook Report Forecast 2022-2028**

The global Aerospace Magnesium Alloys market size is estimated to be worth US$ 180.85 million in 2022 and is forecast to a readjusted size of US$ 277.1 million by 2028 with a CAGR of 7.37% during the forecast period 2022-2028.

Aerospace magnesium alloys are used in aircraft, missiles and spacecraft. These alloys are essential for the structural integrity of airframes and engines due to their light weight and high tensile strength.

Report Sample includes: - Table of Contents - List of Tables & Figures - Charts - Research Methodology

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Fully considering the economic change by this health crisis, Casting Alloys accounting for 44.91% of the Aerospace Magnesium Alloys global market in 2021, is projected to value US$ 115.8 million by 2028, growing at a revised 6.3% CAGR from 2022 to 2028. While Commercial segment is altered to an 8.39% CAGR throughout this forecast period.

Segment Analysis:

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

By Company:

The global major manufacturers of Aerospace Magnesium Alloys include Luxfer MEL Technologies, Magontec, Shanxi Yinguang, Huasheng Magnesium, Shanxi Bada Magnesium, Smiths Metal, Regal Magnesium, Allite, Inc., Shanxi Fugu Tianyu Mineral, Alloys International, Huashun Magnesium Industry and Tech Steel & Materials, etc. In terms of revenue, the global three largest players hold a 60% market share of Aerospace Magnesium Alloys in 2021.

Luxfer MEL Technologies

Magontec

Shanxi Yinguang Huasheng Magnesium

Shanxi Bada Magnesium

Smiths Metal

Regal Magnesium

Allite, Inc.

Shanxi Fugu Tianyu Mineral

Alloys International

Huashun Magnesium Industry

Tech Steel & Materials

 Segment by Type

Casting Alloys

Wrought Alloys

Segment by End User

Commercial

Military

North America Aerospace Magnesium Alloys market size was US$ 86.06 million in 2021, while Europe was US$ 59.82 million. The proportion of the North America was 43.78% in 2021, while Europe's percentage was 30.43%, and it is predicted that Europe market share will reach 30.14% in 2028, trailing a CAGR of 7.13% through the analysis period. As for the Asia, the notable markets are China CAGR is 7.39% for the next 6-year period.

Production by Region

North America

Europe

China

Consumption by Region

North America

U.S.

Canada

Asia-Pacific

China

Japan

South Korea

Southeast Asia

India

Rest of APAC

Europe

Germany

France

U.K.

Italy

Russia

Rest of Europe

South America

Mexico

Brazil

Rest of South America

Market Drivers:

Aerospace magnesium alloys market has witnessed a significant growth owing to the increasing demand for these alloys in various end-use sectors such as aircraft, defense, automobiles, and wind turbines. Some of the major drivers for this market include growing demand from the aviation sector, increasing requirement for lightweight and strong alloys, and increasing production of aircrafts. In addition, rising environmental concerns are also fueling the growth of this market.

The research report has incorporated the analysis of different factors that augment the market's growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert's opinions have been taken to understand the market better.

Market Challenges:

This growth is due to the increasing demand for aircraft and aerospace components, owing to their lightweight and high strength properties. However, various challenges faced by the market are restraining its growth. The most significant of these challenges is the high cost of magnesium alloys, which is a major barrier to the adoption of these materials in aircraft and aerospace applications. Additionally, environmental concerns are also hampering the growth of this market.

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