#Wind Turbine Nacelle Market share

[willyskristina]

Wind Turbine Casting Market

Wind Turbine Casting Market Size, Share, Trends: Vestas Wind Systems A/S Leads

Increasing Focus on Large-Scale Offshore Wind Projects

Market Overview:

The Wind Turbine Casting Market is projected to grow at a CAGR of 8.2% from 2024 to 2031. The market value is expected to increase from XX USD in 2024 to YY USD by 2031. Europe currently dominates the market, driven by aggressive renewable energy targets and substantial investments in offshore wind projects. Key metrics include rising installation of wind turbines, increasing turbine sizes, and growing focus on lightweight and durable materials for turbine components. The business is quickly developing as a result of the global shift to renewable energy sources, government programs to reduce carbon emissions, and technological advancements in wind turbine design. Wind turbine castings are used to make a variety of components, including hubs, rotor blades, and nacelles, all of which contribute to wind turbine efficiency and durability. 

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Market Trends:

The wind turbine casting market is experiencing a significant surge in large-scale offshore wind projects. This shift is being driven by the higher wind speeds and more consistent wind patterns available in offshore areas, which leads to increased energy production efficiency. Offshore wind farms require larger, more robust turbines that can resist harsh marine environments, increasing demand for high-quality, long-lasting castings. For example, the Global Wind Energy Council (GWEC) predicted that offshore wind projects will expand by 18.9% in 2022, generating a record 6.8 GW of new capacity globally. This trend is notably noticeable in European countries like the United Kingdom, Germany, and Denmark, where governments actively push offshore wind development through advantageous legislation and subsidies. The shift to offshore projects is also encouraging manufacturers to develop one-of-a-kind casting solutions that can withstand corrosion and extreme weather conditions while still performing at peak levels. As a result, there is a growing demand for innovative materials and manufacturing techniques in the wind turbine casting industry to meet the specific requirements of offshore installations.

Market Segmentation:

Steel castings dominate the material segment in the wind turbine casting market. Steel castings have emerged as the main category in the wind turbine casting industry, thanks to their high strength-to-weight ratio, durability, and ability to withstand the severe stresses encountered by wind turbine components. Steel castings' dominance could be attributed to their superior mechanical properties, which are required for the production of critical turbine components like as hubs, main shafts, and bed plates.

Recent industry developments have improved steel castings' market position. For example, a well-known wind turbine manufacturer recently introduced a new line of turbines with better steel castings, which enable a 15% increase in component lifespan over previous models. This discovery has had a substantial impact on the offshore wind industry, where turbine reliability and longevity are important due to extreme operating circumstances.

The utilisation of high-performance steel castings in the offshore wind industry has grown dramatically. According to a report published by the Offshore Wind Industry Council, the use of specialist steel alloys in offshore wind turbine castings has increased by 25% over the last three years. This trend is being pushed by the need for materials that can withstand the corrosive marine environment and the heavy loads encountered by larger offshore turbines.

Market Key Players:

Vestas Wind Systems A/S

Siemens Gamesa Renewable Energy

GE Renewable Energy

Enercon GmbH

Suzlon Energy Limited

Goldwind Science & Technology Co., Ltd.

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[marketingreportz]

Wind Turbine Composite Materials Market - Forecast(2024 - 2030)

Wind Turbine Composite Materials Market Overview

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The government across the globe is also investing huge amounts in alternative energy sources such as solar and wind which is further supporting the market growth for composite materials. The increasing focus of governments on offshore wind energy installations is driving the market growth between 2021–2026. However, the high cost of carbon fiber and epoxy resin and recyclability issue of composites will likely hamper the market growth during the forecast period.

COVID-19 Impact

The COVID-19 pandemic has impacted the composite materials industry which has further impacted the wind turbine market. Due to the Covid-19, the manufacturing industry is impacted very badly that further impacted the wind turbine composite materials market. The slowdown in wind turbine installations and lack of raw material supplies, and workforce are impacting the market negatively. The covid-19 impacted every operation such as supply chain, production, sales, and others. However, the companies resumed their operation in 2021, which may positively impact the market.

Report Coverage

The report: “Wind Turbine Composite Materials Market — Forecast (2021–2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Wind Turbine Composite Materials industry. By Fiber Type: Glass Fiber, Carbon Fiber, Aramid Fiber, and Basalt fiber By Resin Type: Thermoplastic [Polyethylene, Polystyrene, Polyamides, Nylon, Polypropylene, Others], and Thermoset [Epoxy, Polyester, Phenolic Polyamide, and Others] By Technology: Injection Molding, Compression Molding, Pultrusion, Filament Winding, and Layup By Application: Blades, Wind turbine Hub, Rotor, Tower, Nacelle, Cables, Blade Pitch Controller, Propellers, and Others By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain, Denmark, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (the Middle East and Africa)

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Key Takeaways

The Asia Pacific region is expected to dominate the market and register the highest CAGR of 12.8% during the forecast period (2021–2026). The presence of leading chemical companies along with rapid growth in the personal care industry is propelling regional growth.

Epoxy resin is one of the widely used resins in wind turbine manufacturing. The segment is expected to register a high growth rate during the forecast period.

The growing installation of wind turbines in developing countries such as Brazil, Mexico, India, and China is creating a positive impact on the usage of wind turbine composite materials.

Figure: Asia Wind Turbine Composite Materials Market Revenue, 2020–2026 (US$ Billion)

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Wind Turbine Composite Materials Market Segment Analysis: By Fiber Type

The glass fiber reinforced plastics segment accounted for the largest share of more than 55% in the wind turbine composite materials market in 2020 and is estimated to grow at a significant rate during the forecast period. Glass fiber offers various properties including high strength, high durability, weather-resistant, and lightweight have boosted its demand in numerous end-use industries. The easy availability and cost-effectiveness of glass fiber reinforced plastics are the key factors propelling the demand for glass fiber composites in wind turbine manufacturing. The carbon fiber segment will register a significant growth rate during the forecast period. Carbon fibers offer various properties such as low thermal expansion, high stiffness, high-temperature tolerance, and high chemical resistance among others.

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Wind Turbine Composite Materials Market Segment Analysis: By Resin Type

The thermoset segment accounted for the largest share of more than 70% in the Wind turbine composite materials market in 2020 and is estimated to grow at a significant rate during the forecast period. Thermoset composite is usually based on carbon, glass, and aramid fibers. Epoxy resin is the widely used thermoset type in wind turbine composite materials. Approximately 50% of European wind blades are manufactured from epoxy resin. These resins offer lightweight, and good adhesion compared to other resin types. Generally, they are combined with glass fibers and carbon fibers to manufacture wind blades. The thermoplastic segment is expected to register a significant growth rate during the forecast period. Thermoplastics are less expensive compared to thermoset resin types. They are easily weld-able, non-toxic in nature, and recyclable. These are some of the driving factors supporting the market growth between 2021–2026.

Wind Turbine Composite Materials Market Segment Analysis: By Technology

The Layup segment accounted for the largest share of more than 33% in the wind turbine composite materials market in 2020 and is estimated to grow at a significant rate during the forecast period. Layup is the most common method used for the production of composites. The method is involved in placing layers of composite fiber in a structured order by using a matrix of resin and hardener. This method is widely used for the production of wind blades.

Wind Turbine Composite Materials Market Segment Analysis: By Application

The blades segment accounted for the largest market share of more than 55% of the market in 2020 and is estimated to grow significantly during the forecast period. Turbine blades serve as the most important composite-based part of wind turbines. The growing demand for wind energy is driving manufacturers to develop large wind blades for the high production of wind energy. For the development of large blades, a huge quantity of composite materials is used. Glass fibers and carbon fibers are used for the manufacturing of wind blades.

Wind Turbine Composite Materials Market Segment Analysis — By Geography

The Asia Pacific region held the largest share of more than 45% in the Wind Turbine Composite Materials market in 2020, owing to the rapid growth in the installation of wind turbines. The presence of developing nations such as China and India is driving the market growth. The presence of leading wind turbine manufacturers including Suzlon Energy Limited, and AVIC Huiteng Windpower Equipment Co., Ltd are supporting the region’s growth during the forecast period. The increasing investments by key developers for manufacturing efficient wind turbines are also boosting the market growth during the forecast period. According to the data published by Global Wind Energy Council (GWEC), China installed about 52 gigawatts of new wind power capacity in 2020.

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Wind Turbine Composite Materials Market Drivers

Rising Demand for Renewable Energy Sources

Wind energy is one of the fastest-growing renewable energies globally. Wind power is a clean energy source, and its usage is on the rise worldwide. The U.S. wind energy occupies approximately 38% of total renewable energy produced in 2019. According to the IRENA’s data, wind energy generation is increased from 7.5GW in 1997 to 564GW by 2018. Some ongoing and under-construction wind projects in the U.S. include Traverse Wind Energy Center, Aviator Wind Project, Goodnight Wind Energy Project, Alle-Catt Wind Farm, and Vineyard Wind I among others. According to the Ministry of New and Renewable Energy (MNRE), India has the fourth-highest wind installed capacity in the world with a total installed capacity of 39.25 GW (as of 31st March 2021) and has generated around 60.149 billion Units during 2020–2021. According to the European Commission, the total installed wind energy capacity in Europe reached 210GW and is estimated to reach 350GW, supplying up to 24% of electricity demand

Wind Turbine Composite Materials Market Challenges

Recyclability Issue of Composites

Composite materials are preferred for wind applications because of their durability and superior strength. Proper waste disposal and recycling at the end of the useful life of composite materials are necessary. Many current and future waste management and environmental legislation are making strict regulations on engineering materials to be properly recovered and recycled. The complex material compositions and the cross-linked nature of thermoset resins are making it difficult for recyclability. However, the use of polymers that can be recycled when used with carbon and other niche fibers reduces the composite non-recyclable. This has become a major issue as the landfills are filling up at a faster pace along with the need for going green due to global warming. Biological attack on composite materials may consist of fungal growth or marine fouling

Wind Turbine Composite Materials Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Wind Turbine Composite Materials market. Major players include:

TPI Composites, Inc.

MFG Wind

LM Wind Power

Gamesa Corporation Technology

Vestas Wind Systems A/S

Suzlon Energy Limited

Siemens AG

AVIC Huiteng Windpower Equipment Co., Ltd.

AREVA and others.

Acquisitions/Technology Launches

In May 2021, Hexcel launched a range of HexPly® surface finishing prepregs and semi- prepregs for wind turbine blades and automotive and marine applications.

Relevant Reports

Composite Materials Market — Forecast(2021–2026) Report Code: CMR 0010

High-Temperature Composite Materials Market — Forecast(2021–2026) Report Code: CMR 10087

For more Chemicals and Materials Market reports, please click here

[aerospaceaviation]

Wind Turbine Components Market 2024 Future Prospects, Key Manufactures, Regional Outlook

Investors are expected to receive business-oriented market insights from The Insight Partners "Overview of Wind Turbine Components Market Share, Size, and 2030" | market study. This study incorporates forecasts for the future market in addition to operational variables. This research addresses a variety of possibilities accessible for Wind Turbine Components market participants in addition to drivers and obstacles. Valid facts included in this research have been framed using both primary and secondary research approaches.

Wind Turbine Components Market research delves deeply into many categories to provide a thorough perspective for both seasoned players and recent arrivals. Companies may guarantee they have a competitive edge by using this market research to have a better perspective and knowledge of the target audience. Before making significant investments, businesses must have a firm understanding of the market. It makes financial sense to allocate a modest portion of your company's expenditure to reliable market research.

Firms must take an open-minded attitude in light of the competitive landscape discussed in this research. Companies may utilize the objective insights provided by this market research to identify their strengths and limitations. Companies that can capitalize on the fresh ideas gained from competition analysis will have an edge in moving forward.

A market research report, which contains proof of market research and provides the best opportunity for businesses to fulfill their objectives, might serve as the cornerstone of your business strategy.

Key objectives of this research are:

Global Wind Turbine Components Market Insights- Market Share, Market Size, and CAGR

To Examine Drivers, Challenges, and Opportunities in Wind Turbine Components Market

To offer competitive strategic insights that help businesses ace the game

To offer an actionable market recommendation

To brief on the impact of COVID-19 and present an account of strategic responses businesses can plan.

To analyze the Wind Turbine Components market benchmarks.

COVID-19 Impact Analysis

Halting the operations temporarily, an epidemic of COVID-19 influenced on revenues of key Wind Turbine Components market players. This section presents details on the range of responses businesses have to pandemic impacts and assists companies in developing post-pandemic strategies. Moving further, this chapter offers insights into supply-demand parameters for businesses to rejoin the market.

Key companies in this Wind Turbine Components market are- Siemens Gamesa Renewable Energy SA, Vestas Wind Systems AS, TPI Composites Inc, GRI Renewable Industries SL, Marmen Inc, Valmont Industries Inc, LM Wind Power AS, The Timken Co, ZF Friedrichshafen AG, Flender International GmbH.

To Summarize the Offerings-

Market Forecast- Coverage- Market Size, Share, and CAGR | Forecast by 2030

Market Scope– Aim of the research, A glance at key chapters

Market Dynamics- Drivers, Challenges, Regional Trends, and Market Opportunities

Market Segmentation – Product, Application, End-use Industries, and Regional Growth Prospects.

Market Players – Key Market Players and Strategies

Recent Developments and Innovation in Wind Turbine Components Market

Covid-19 Analysis- Industry Landscape During and Post-Pandemic.

Regional Framework- Key Regional Markets, Growth Projections

Market Segmentation

Based on Component this market is categorized further into- :

Rotor Blade

Nacelle

Gearbox

Generator

Tower

and Pitch System

Based on Geography this market is categorized further into- :

North America

Europe

Asia Pacific

and South and Central America

Key regions Wind Turbine Components Market Research Report:

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

Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)

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

Latin America (Brazil, Rest of Latin America)

The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)

Rest of the World

Author’s Bio:

Ash Paul

Senior Market Research Expert at The Insight Partners

[sonali2345]

"From Turbines to Transmission: Components Driving Offshore Wind Tower Development" 

Wind turbines and their components rely on wind towers, tall structures that provide support. These towers secure the turbine's rotor and nacelle, offering stability for the blades to clear the ground safely. The positioning of wind turbines at an optimal height is crucial for generating electric energy efficiently. Higher-capacity turbines require high wind speeds, making the height of the wind tower a critical factor in power generation efficiency. Taller towers reduce turbulence, enhancing the performance of taller wind turbines. 

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 https://www.alliedmarketresearch.com/request-toc-and-sample/16152  

When selecting a wind turbine, key considerations include the structure, nacelle, material used, weight, and gauge, as these factors significantly influence the turbine's strength. Offshore wind, situated on the continental shelf, offers a promising source of electrical energy. Offshore wind turbines take advantage of consistent and higher wind speeds compared to onshore locations. Additionally, offshore wind farms are strategically positioned near coastal areas, eliminating the need for additional overland transmission lines. 

COVID-19 Impact Analysis: 

The offshore wind tower market experienced a downturn during the COVID-19 pandemic due to reduced energy demand from the industrial sector. Industries faced shutdowns, impacting energy demand, and disrupting supply chains, leading to a shortage of raw materials. Lockdowns prevented new developments and investments, resulting in a decline in offshore wind tower production. However, as lockdowns were lifted, the market regained momentum. 

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/16152  

Top Impacting Factors: 

Compared to onshore wind energy, offshore wind energy has higher potential for electricity generation and provides superior aesthetics and efficient habitat conservation. Offshore wind farms with consistent wind speeds can generate more power consistently than onshore wind farms. 

The market is expected to grow due to increased electricity consumption and efforts to reduce pollution. However, the availability of cheaper alternative energy sources, such as solar power, poses a challenge to the offshore wind tower market. 

Market Trends: 

Recent trends include significant orders for wind towers, collaborations for integrated offshore wind-to-hydrogen systems, and innovations like the V236-15.0MW offshore wind turbine with the largest rotor diameter in the industry. Wooden wind towers have also been introduced for potential cost savings. 

Key Market Players: 

Leading companies in the offshore wind tower market include Nexans, LS Cable & System, General Electric, Sumitomo Electric Industries Ltd., Goldwind, Furukawa Electric Co. Ltd., Siemens Gamesa Renewable Energy, Enessere Srl, Southwire Company, LLC, MHI Vestas, IMPSA, Prysmian Group. 

𝐆𝐞𝐭 �� 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/request-for-customization/16152  

Key Benefits of the Report: 

The report provides an in-depth analysis of the offshore wind tower market, including current trends and future estimations. It offers insights into key drivers, restraints, and opportunities, along with a detailed analysis of market share. Quantitative analysis highlights the growth scenario of the current market. Porter’s five forces analysis illustrates the potency of buyers and suppliers. The report presents a detailed market analysis based on competitive intensity and the evolving competitive landscape. 

 Offshore Wind Tower Market Report Highlights 

By Type 

Steel Tower 

Concrete Tower 

Hybrid Tower 

By Component 

Turbine 

Support Structure 

Electrical Infrastructure 

Others 

By Depth 

0<30m 

30<50m 

50m 

Key Market Players 

Nexans 

LS Cable & System 

General Electric 

Sumitomo Electric Industries Ltd. 

Goldwind 

Furukawa Electric Co. Ltd. 

Siemens Gamesa Renewable Energy 

Enessere Srl 

Southwire Company, LLC 

MHI Vestas 

IMPSA 

Prysmian Group 

[factmrps]

Global Market Analysis of Wind Turbine Materials

Global wind turbine materials market is estimated to be valued US$ 5,012 Million by 2019 end and is forecast to witness a significant growth of around 7% CAGR during the forecast period.

Key driving factor in global wind turbine materials market comes from an increasing number of wind power projects worldwide.

There has been a significant rise in the number of wind projects, which is the main outcome of rising demand for conventional energy resources.

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Key findings of the Wind Turbine Materials market study:

Regional breakdown of the Wind Turbine Materials market based on predefined taxonomy.

Innovative manufacturing processes implemented by Wind Turbine Materials vendors in detail.

Region-wise and country-wise fragmentation of the Wind Turbine Materials market to grasp the revenue, and growth outlook in these areas.

Changing preferences among consumers across various regions and countries.

Factors (Positive and Negative) impacting the growth of the global Wind Turbine Materials market.

Market Players Focused On Inorganic Growth:

Global wind turbine materials market is moderately fragmented in nature. Prominent players with established market presence in global wind turbine materials market are

Siemens AG

Teijin Limited

Toray Industries Inc.

Reliance Industries Limited

Lianyungang Zhongfu Lianzhong Composites Group Co.Ltd

Molded Fiber Glass Companies

Gurit Holding AG

Hexcel Corporation.

Global players in market have targeted acquisitions and mergers as a key strategy for future development.

For Instance, In October 2018, Gurit Holding (Switzerland) acquired all shares in JSB Group (Denmark) for US$ 72 Mn. JSB group is one of the key players in core material kits for wind turbine blades. This strategic move has enhanced Gurit’s value chain and will allow the company to offer wind energy OEMs a full solution of structural core materials, core material kits and wind turbine blade molds.

Likewise, in April 2017, Siemens concluded the merger of its wind power business with Gamesa.

For In-Depth Competitive Analysis, Buy now: https://www.factmr.com/checkout/4605?SP

Wind Turbine Materials Market Segmentation:

Fact.MR has studied the Wind Turbine Materials market with detailed segmentation on the basis of type, application and key regions.

By Type :

Fiber

Glass Fiber

Carbon Fiber

Other

Resin

Epoxy

Polyester

Polyurethane

Vinyl Ester

Others

By Application :

Wind Blades

Nacelles

Others

By Region :

North America

Latin America

Europe

East Asia

South Asia & Oceania

Middle East & Africa

How will be insights and market estimations provided in the Fact.MR report on the Demand of Wind Turbine Materials make a difference?

The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions

The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period

The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets

Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future

Evaluates the role of various stages of funding on new growth avenues in key regional markets 

Contact: US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583 E-Mail: sales@factmr.com

[sanemyamen]

Yaw System Market Is Likely to Experience a Tremendous Growth in Near Future

Global Yaw System Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, players market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions. Major Players in This Report Include Eaton (Ireland),Seaglet Co. Ltd. (China),Svendborg Brakes (Denmark),Hydratech Industries (Denmark),Siemens AG (Germany),Kor Pak Corporation (United States),Bonfiglioli Riduttori S.P.A. (Italy),SIBRE - Siegerland Brakes GmbH (Germany),NGC Gears (China),ZOLLERN GmbH & Co. KG (Germany),Altra Industrial Motion (United States),ANTEC S.A (Spain) The yaw system, a component or equipment used in wind turbines to direct the wind turbine rotor toward the wind. This system plays an important role in rotating the nacelle of the wind turbine around the tower axis. The positioning and optimal orientation of the nacelle of a windmill plant are of elementary importance to generate the maximum amount of energy from wind. Market Drivers Increasing Awareness about the Usage of Renewable Energy Globally

The Growth in Government Initiatives to Explore Wind Energy Sources,

Growing in Demand for Power Supply in the Developing Nations

Market Trend Growing Demand for Wind Energy Efficient Coupled with Exhausting Natural Energy Resources across the World

Opportunities Decrease in Manufacturing and Installation Cost, Owing to Technological Development

Growing Adoption of Yaw System in Developing Nations

Challenges  Low Adoption Rate in Underdeveloped Nations The Yaw System market study is being classified by Type (Active Yaw Systems, Passive Yaw Systems), Application (Wind Energy, Gear Motors, Water Conservancy Project, Other) Presented By

AMA Research & Media LLP

[daisyri-me]

Wind Turbine Nacelle Market Is Projected To Attain High Earnings Up To 2021 : Radiant Insights,Inc

A nacelle is a cover that houses wind turbine components such as gearbox, generator, shaft, and other components. With increasing size of turbine, the cover size of the nacelle has also increased, leading to transportation issues including costs. Typically, nacelles are heavy in weight. This is needed to protect the turbine components from high wind speeds and extreme weather conditions. Innovations in nacelle designs include lightweight, easy to transport, and cost-effective nacelle manufacturing.

Browse Full Research Report With TOC on https://www.radiantinsights.com/research/global-wind-turbine-nacelle-market-2017-2021

Covered in this report  

The report covers the present scenario and the growth prospects of the global wind turbine nacelle market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Global Wind Turbine Nacelle Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Request A Sample Copy Of This Report at: https://www.radiantinsights.com/research/global-wind-turbine-nacelle-market-2017-2021/request-sample

Key vendors

Siemens Gamesa

General Electric

Molded Fiber Glass Companies

Suzlon Energy

Vestas

Other prominent vendors

AREVA WIND

AVANTIS Energy Group

Bora Energy

DeWind

ENERCON

EWT

GBT Composites Technology

Xinjiang Goldwind Science & Technology

Hexcel

indutch composites technology

Inoxwind

Kemrock Industries And Exports

Leitner

NORDEX

ReGen Powertech

SR Fibreglass Auto

Wind World (India)

About Radiant Insights,Inc

Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact: Michelle Thoras 201 Spear Street 1100, Suite 3036, San Francisco, CA 94105, United States Tel: 1-415-349-0054 Toll Free: 1-888-928-9744 Mail: sales@radiantinsights.com

Web: http://www.radiantinsights.com/

[qrtumb]

Global Wind Turbine Nacelle Market Trends, Size, and Forecast 2022-2027

The Global Wind Turbine Nacelle Market was valued at US$6600 million in 2021 and it is expected to reach at US$15,620 million in 2027 at a CAGR of 11.56% during forecast period 2022-2027.

The drive train and other tower-top components of a wind turbine are contained inside the wind turbine's nacelle. A yaw bearing supports it, allowing it to rotate in response to changes in the wind's direction. The nacelle needs to be approachable for maintenance and repairs. Typically, access is gained by a tower elevator and ladders.

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Market Drivers

As one of the energy sources with the greatest rate of worldwide expansion, wind energy offers a number of advantages. Because the majority of the best wind sites are located in rural areas, this has a huge economic impact there. Because wind farms only occupy a small fraction of the land, farmers and ranchers can continue to make a living from the property. Farmers and ranchers who rent their land to wind power plant owners for the usage of the property see their revenue rise as a result of the rent. The sector is growing more quickly as a result of the endless supply of wind energy. The industry will continue to increase as a result of factors such quick urbanization and growing public knowledge of the benefits of using wind energy.

Market Restraints

The high capital cost of the wind turbine nacelle slows the growth rate of the component. In addition, wind turbines frequently present additional logistical difficulties. The wind turbine nacelle's high initial purchase price in addition to maintenance, installation, and transportation costs. Therefore, the cost constraints will pose yet another major obstacle to the market expansion for wind turbine nacelles.

Market Segmentation

The global wind turbine nacelle market is segmented into deployment, turbine capacity and application. By deployment it segmented into onshore, offshore. By turbine capacity it segmented into less than 1.5 mw, 1.5 to 2mw, 2 to 2.5 mw, greater than 2.5 mw. By application it segmented into residential, utility, industrial, and commercial.

Regional Analysis

The global wind turbine nacelle market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. In terms of market share and revenue, Asia-Pacific dominates the wind turbine nacelle market, and this dominance will flourish during the projection period as a result of the rapid rise in demand for renewable energy sources. The region's market expansion will be aided in the foreseeable future by the size of the customer base.

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Key Players

Various key players are listed in this report such as General Electric (U.S.), Vestas (Denmark), Siemens (Spain), Goldwind (China), Shanghai Electric (China), ABB (Switzerland), Doosan Corporation (South Korea), Hitachi Ltd. (Japan), Nordex SE (Germany), EEW Group (Germany)

Market Taxonomy

By Deployment

• Onshore • Offshore

By Turbine Capacity

• Less Than 1.5 Mw • 1.5 To 2mw • 2 To 2.5 Mw • Greater Than 2.5 Mw

By Application

• Residential • Utility • Industrial • Commercial

Key Question Addressed by the Report

• What are the Key Opportunities in Global Wind Turbine Nacelle Market? • What will be the growth rate from 2022 to 2027? • Which segment/region will have highest growth? • What are the factors that will impact/drive the Market? • What is the role of key players in the value chain?

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[thetejasamale]

Structural Core Materials Market Revenue | Demand, Size, Share, Trends, Key Player profile and Regional Outlook by 2030

Market Segmentation

The global structural core materials market has been segmented by product, skin type, end-use industry, and region.

On the basis of product, the market has been segmented into foam, balsa, and honeycomb. The honeycomb segment was the largest in 2017 and is expected to remain so during the forecast period. The foam segment is expected to be the second-largest market during the forecast period. The growing application of foam in wind turbine blades and the nacelles of aircraft and automobiles is expected to drive the growth of the foam segment.

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On the basis of skin type, the market has been classified as glass fiber reinforced polymer (GFRP), carbon fiber reinforced polymer (CFRP), and natural fiber reinforced polymer (NFRP), and others. According to MRFR analysis, the CFRP segment is expected to hold the majority market share during the forecast period. The advanced properties of CFRP, such as tensile strength and thermal expansion, in comparison with glass and other fibers, account for the growth of the segment. On the basis of end-use industry, the aerospace industry was the largest in 2017 while the wind energy segment is expected to register the highest CAGR during the forecast period. Growing international trade, coupled with the burgeoning aerospace sector in emerging economies, is leading to a surge in demand for structural core materials.  

Regional Analysis

Based on region, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America was the leading regional structural core materials market in 2017. Factors such as the growing adoption of the product in the automobile and aerospace sectors are driving market growth. Asia-Pacific is expected to be the fastest-growing regional market during the forecast period. The shifting of automobile bases to the region, coupled with the increasing number of government initiatives for the generation of renewable energy, is further propelling market growth. The structural core materials market in Asia-Pacific is projected to grow at a CAGR of 6.5% during the forecast period.

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Competitive Analysis

Some of the key players in the global structural core materials market are Diab Group (Sweden), Hexcel Corporation (U.S.), Schweiter Technologies (Switzerland), Euro Composites (Luxembourg), Gurit Holding (Switzerland), The Gill Corporation (U.S.), Changzhou Tiansheng New Materials Co. Ltd. (China), Plascore Incorporated (U.S.), Armacell International (Luxembourg), and Evonik Industries (Germany).

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Offshore Wind Market Growth Factors Analysis Report to 2030

Market Highlights

The offshore wind market is projected to be worth USD 114.0 Billion by 2027, registering a CAGR of 21% during the forecast period (2022 - 2030). We will provide covid-19 impact analysis with the report. The COVID-19 impact on the market has been studied in the report, which offers an in-depth analysis post the coronavirus disease outbreak.

Top Boosters and Main Challenges

Volatile electricity prices along with the increasing space constraints with respect to solar energy and the affordable costs of construction and installation of offshore wind technology can result in industry expansion. Optimistic offshore wind market outlook in line with the integration of large-scale turbines along with product quality and efficiencies, progressing blade size and foundation techniques also bolsters the penetration of offshore wind technology. The worldwide offshore wind market forecast also benefits from the increasing spending on the development of technologically advanced manufacturing facilities and the mounting energy demand across emerging countries.

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Market Segmentation

The market categories, depending on components, include tower, nacelle, turbine, electrical infrastructure, blades, and more. The highest gain in the offshore wind market outlook can be of the turbine segment, since in recent years, the energy generation has become extremely powerful with the emergence of modern turbine models that have bigger blade lengths. This way, more wind is utilized, more energy is generated and the overall cost comes significantly down.

Location-wise, the market sections can be transitional water, deep water and shallow water. At present, the leading segment belongs to the shallow water location, while the transitional water location can attain the fastest expansion rate of 10.86% between 2019 and 2025. The projects conducted in shallow water are generally lower priced given the ideal weather conditions.

Regional Insight

Europe controls the largest portion of the global offshore wind market share, with North America being the second leading region. The offshore wind market outlook in the UK is quite favorable, as a result of the number of energy security policies and initiatives, supportive government regulations and de-carbonization reforms. The high consumer awareness regarding the environment and the increasing expenditure by leading contenders on the exploration of the offshore wind energy potential also promotes substantial offshore wind industry growth across the region.

The North American market for offshore wind energy can emerge quite strong in the near future, on account of the massive investments going into the expansion of the offshore supply chain combined with the exploration activities of untapped sites. The favorable financial outlook along with the de-carbonization standards imposed by the government also encourages the business growth within the region.

Leading Companies

Some of the leading companies in the global offshore wind market include General Electric (US), Ørsted A/S  (Denmark), Dong Energy A/S  (Denmark), Suzlon energy Limited (India), EEW GROUP (Germany), MHI Vestas Offshore Wind (Denmark), Siemens Gamesa Renewable Energy, SA (Germany), ABB (Switzerland), ENERCON GmbH (Germany), Senvion SA (Luxembourg), Engie (France), Doosan Heavy Industries & Construction (South Korea), Goldwind Wind Energy GmbH (China), to mention a few.

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Offshore Wind Energy Market - Forecast(2024–2030)

Offshore Wind Energy Market Overview

The Market for Offshore Wind Energy is forecast to reach $42bn by 2025, growing at a CAGR of 13.6% from 2020 to 2025. The offshore wind energy market is estimated to witness substantial growth over the forecast period primarily due to the growing demand for clean energy and rising focus on reducing carbon emissions. Offshore wind energy generation process is a renewable form of producing energy by taking advantage of the power of the wind that is produced on the high seas, where it moves at a much higher and more consistent speed than it does on land, due to absence of multiple barriers. Ongoing saturation of sites close to the shore, along with growing demand for high operational Capacity Utilization Factor (CUF) for offshore projects is projected to drive industry growth. Ongoing improvements in installation capabilities and availability of high wind speeds far from shore are major factors fuelling the installation of offshore platforms at higher depth levels. Additionally, regulatory frameworks, government policies and mandates are in favour of the global offshore wind energy market which in turn is estimated to drive the overall growth of the market.

Offshore Wind Energy Market Report Coverage

The report: “Offshore Wind Energy Market– Forecast (2020–2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Offshore Wind Energy Market.

By Component — Turbine (Nacelle, Rotors and Blades, Tower), Substructure (Monopile, Jacket and Gravity Based, Others), Electrical Infrastructure and OthersBy Water Depth — Shallow Water (< 30m Depth), Transitional Water (30m — 60m Depth), Deep Water (> 60m DepthBy Installation — Fixed Structure and Floating StructureBy Capacity — Upto 3 MW, 3MW to 5 MW and Above 5 MWBy Application — Electric Power, Oil and Gas, Aviation, Transport and Others

By Geography — North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa)

Key Takeaways

The Offshore Wind Energy Market is estimate to witness substantial growth over the forecast period primarily due to the growing demand for clean energy and rising focus on reducing carbon emissions.

In 2019, turbines accounted for maximum revenue share of the Offshore Wind Energy Market across the component segment.

Majority of the projects were installed in the shallow waters i.e., up to 30 meters due to ease of installation and low capital requirements in 2019.

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Offshore Wind Energy Market was dominated by Europe with a share of 37.9% in 2019. The UK leads the European market with a total capacity of 9.9 GW in 2019 and is estimated to witness growth of over 28% during the forecast period, 2020–2025.

Offshore Wind Energy Market Segment Analysis — By Component Type

In 2019, turbines accounted for maximum revenue share of the Offshore Wind Energy Market across the component segment. Re-structuring across power markets along with swift technological developments related to the field of aerodynamics, and material composition are some of the key factors fuelling the wind turbines market. Additionally, industry operators manufacturing wind turbines are focusing on incorporating innovative and standardized product processes involving low installation costs, leading to rise in market demand of wind turbines.

Offshore Wind Energy Market Segment Analysis — By Water Depth

The market is segmented by the depth of water into shallow water (< 30m depth), transitional water (30m — 60m depth), deep water (> 60m depth). In 2019, majority of the projects were installed in the shallow waters i.e., up to 30 meters. Industry operators prefer shallow waters primarily due to ease of installation and low capital requirement. However, over the next few years, the market is expected to witness growth in the deep-water projects wherein the depth of water is more than 30 meters.

Offshore Wind Energy Market Segment Analysis — By Geography

Offshore Wind Energy Market was dominated by Europe with a share of 37.9% in 2019. The UK leads the European market with a total capacity of 9.9 GW in 2019 and is estimated to witness growth of over 28% during the forecast period, 2020–2025. Since 2015, the country has added over 5 GW of offshore wind energy in its renewable portfolio. Different policies and regulations have been implemented by the government of the UK such as Contracts for Difference to ensure stable long-term returns from electrical infrastructure projects, thus minimalizing the barriers to entry for new industry participants.

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Offshore Wind Energy Market DriversTechnological advancement driving market growth

Industry operators are focusing on increasing energy production from renewable sources such as wind and solar power in order to reduce emissions. The Offshore Wind Energy Market players are allocating significant budgets toward project installation and R&D activities aimed toward enhancing the operational efficiency and product portfolio. The ongoing incorporation of advanced technologies to improve existing infrastructure is projected to further boost the market growth.

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Surge in initiatives by the government

Government institutions and policy makers globally are increasing efforts to successfully achieve the emission reduction targets. Respective governments and market players are investing aggressively towards clean energy sources. This has fuelled the industry growth as demand for installation of high capacity offshore wind energy projects is anticipated to witness significant growth during the forecast period, 2020–2025. Governments are focused on creating policies and regulations to fuel the growth of Offshore Wind Energy Market. In 2019, the U.K. government agreed to offer $739.3 million of state subsidies to industry players who agreed to invest in offwind energy projects $331.8million over the next 11 years. Additionally, supportive regulatory framework, government policies and mandates along with rapidly declining process for wind turbines will drive the North America industry growth.

Offshore Wind Energy Market Challenges

Negative impact on the landscape

One of the major challenges faced by the Offshore Wind Energy Market is the impact of offshore wind energy farms on the landscape. As these farms are installed in shallow waters and are near the coast it brings a lot of issues in terms of feasibility. However, with technology advancements, the wind farms are likely to move farther from the coast. Furthermore, these farms negatively impact sea life especially during the construction phase, and can be damaging to sea mammals. However, this issue can be solved by using bubble screens that also helps in reducing noise pollution caused by these wind energy farms.

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Offshore Wind Energy Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Offshore Wind Energy Market. The Offshore Wind Energy Market is dominated by major companies such Sinovel, MHI Vestas Offshore Wind, Prysmian Group, Nexans, Siemens Gamesa, Enercon, General Electric, Ming Yang Smart Energy, Doosan Heavy Industries, , Areva and Clipper Windpower.

Acquisitions/Technology Launches/Partnerships

In March 2020, Enercon installed a new prototype E-138 EP3 for their E2 wind turbines at the Janneby site which is situated in Schleswig-Holstein, Germany. The new prototype is estimated to increase the nominal power of E2 wind turbines from 3.5 MW to 4.2 MW.

In January 2020, Siemens Gamesa Renewable Energy announced the acquisition of Senvion’s European Service assets and Intellectual Property (IP).

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PET Foam Market Forecast to Reach $185.8 Million by 2026

PET Foam Market is forecast to reach $185.8 million by 2026, after growing at a CAGR of 7.5% during 2021-2026, owing to the increasing usage of PET foams in various end-use industries such as automotive, aerospace, wind power, and packaging. Globally, the development of efficient and advanced technology, advantages of PET foam, growing wind energy market, and boost in the marine industry are the prime growth drivers of the global PET foam market. In addition, an increase in adoption of PET foam for applications in a newer industry vertical, and emerging economies such as China, India, and others, will create new opportunities for the global PET foam market, which will then substantially drive the PET foam market during the forecast period.

PET Foam Market Segment Analysis - By Grade

The low-density segment held the largest share in the PET foam market in 2020, owing to the increasing demand for low-density materials in the market. The low-density PET foam offers improved performance at low temperatures and improved stiffness for deeply formed materials, owing to which it dominated the PET foam market segment. Thus, these extensive properties of low-density PET foam are the key factor anticipated to boost the demand for low-density PET foam during the forecast period.

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PET Foam Market Segment Analysis - By End-Use Industry

The wind energy industry held the largest share in the PET foam market in 2020 and is growing at a CAGR of 8.1%, owing to the increasing usage of PET foams in the wind energy industry. PET foams are widely used in wind energy components due to their properties such as resistance to fire, smoke, toxicity (FST), and ease of processing, excellent fatigue, long-term stability, high strength, and more. Wind energy products that employ polyethylene terephthalate foam include wind turbine blades and nacelles. PET foam is used in shear web, shells, and edge closeouts in wind turbine blades. It is used for covers, platforms, and spinners in nacelles. PET foam is priced much lower than the conventional high-performance materials such as polymethacrylamide and polyetherimide foams, which is driving PET foam demand in the wind energy sector during the forecast period.

PET Foam Market Segment Analysis - By Geography

Asia Pacific region held the largest share in the PET foam market in 2020 up to 37.1%, owing to the flourishing wind energy sector in the region. As a consequence of the drastic increase in energy demand, the conventional sources of energy are depleting very fast. Hence, the need to expand and utilize renewable energy sources like wind power is growing. The wind power sector is increasing, as the use of renewable energy sources results in less emission of greenhouse and other harmful gases such as SO2. This region is set to witness high growth for wind energy equipment and materials are majorly driven by commitments of the government of India and China towards green energy. The world’s largest offshore wind farm is to be built by a joint venture (including Toshiba, Hitaci, Zosen Corp, and JFE Steel) off the Fukushima coast in Japan, comprising of up to 143 floating turbines. The wind farm is expected to be commissioned after 2025. According to the Ministry of New and Renewable Energy (MNRE), the Indian ministry has set a target of 5.0 GW of offshore wind installations by 2022 and 30 GW by 2030. Thus, it is anticipated that with the flourishing wind energy industry, there will be an upsurge in the demand for PET foam, which will subsequently drive the PET foam market growth during the forecast period.

PET Foam Market Drivers

Increasing Building & Construction Activities

PET foam is extensively employed in window frames, interior architecture, facades, roofs & domes, doors, gates, shower cabin lines, bathtubs, and exterior cladding panels in the building & construction industry. According to the US Census Bureau, in February 2020 total construction was at a seasonally adjusted annual rate of 1,366,697 which is 6.0 percent above the February 2019 rate of 1,288,951. According to the European Commission, the total construction investment in Germany increased by 9.5% over 2008-2015. According to the International Trade Administration (ITA), the Chinese construction industry is forecasted to grow at an annual average of 5% in real terms between 2019 and 2023. Also, the European Construction 2020 Action Plan aimed at stimulating favorable investment conditions. The building and construction activities are also increasing owing to the various government initiatives such as Foreign Direct Investments (FDI). Thus, the rise in construction activities is expected to augment the demand for polyethylene terephthalate foam, which acts as a driver for the PET foam market during the forecast period.

Increasing Automotive Industry

PET foam offers various benefits such as good thermal stability, low water absorption, good electrical properties, and excellent surface properties. As a result, polyethylene terephthalate foams are extensively used in the manufacture of exterior body parts, and the casing and housing of various automotive parts such as wiper arms and their gear housings, engine covers, interior trims, connector housings, and headlamp retainers. In 2018, according to OICA, the automotive production in India, Thailand, Indonesia, and Malaysia has increased up to 5174645, 2167694, 1343714, and 564800, i.e., 8.0%, 9.0%, 10.3%, and 12.2% higher than the previous year due to rising per capita income of the individuals. According to the International Trade Administration (ITA), China is the world’s largest vehicle market and the Chinese government is expecting that automobile production will reach 35 million by 2025. With the increasing automotive industry, the demand for PET foam will also increase. Thus, the increasing automotive industry acts as a driver for the PET foam market during the forecast period.

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PET Foam Market Challenges

Environmental Challenges

The technology employed for the manufacture of polyurethane foams is well-established. Therefore, these foams are superior to other forms. However, PET foam faces stiff competition from low-cost core material substitutes such as styrene acrylonitrile (SAN), polyvinyl chloride (PVC), polystyrene (PS), polyurethane (PU), polymethacrylamide (PMI), polyetherimide (PEI), as well as balsa and honeycombs. These materials are costlier than other foam products, which acts as a restrain for the PET foam market. In addition, the PET foam market faces certain drawbacks such as sluggish adoption in new applications. Furthermore, recyclability and reparability issues related to these foams are estimated to hamper the market.

Covid-19 Impact on the PET Foam Market

Numerous building and construction project operations have been halted, owing to the coronavirus pandemic, which is adversely affecting the demand for PET foams in the market. There has been a temporary suspension of building and construction activities in various regions. For instance, the construction output in Great Britain fell by a record 35.0% in Quarter 2 (Apr to June) 2020 compared with Quarter 1 (Jan to Mar) 2020. This value decline was due to the Corona Virus pandemic. In addition, the COVID-19 pandemic outbreak is having a huge impact on the automotive industry. The production of automobiles has been disruptively stopped, contributing to a major loss in the total automotive sectors. According to the European Automobile Manufacturers Association, In June 2020, demand for new commercial vehicles across the EU remained weak (-20.3%). With the decrease in automotive production, the demand for PET foam has significantly fallen, which is having a major impact on the PET foam market.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the PET foam market. In 2020, the market of PET foam has been consolidated by the top five players accounting for xx% of the share. Major players in the PET foam market are Armacell International S.A., 3A Composites, Gurit Holding, DIAB Group, BASF SE, Changzhou Tiansheng New Materials Co. Ltd., Sekisui Plastics, Petro Polymer Shargh, and Carbon-Core Corp.

Acquisitions/Technology Launches

In January 2017, Armacell International S.A. acquired the insulation business of Nomaco. This acquisition helped Armacell International S.A. expand its polyurethane insulation foam product portfolio, and increase its customer service levels across North America.

In February 2019, 3A Composites, one of the leading players in the industry, launched the reformulated AIREX T92, structural foam that uses PET bottles as raw material, making it a sustainable product.

Key Takeaways

Asia Pacific dominates the PET foam market, owing to the flourishing wing energy sector in the region. According to DLA Piper, Indonesia is seeking a total installed wind capacity of 970MW by 2025.

Polyethylene terephthalate (PET) foam manufactured using transesterification reaction exhibits excellent fire prevention, anti-virus, smoke-proof, confinement effect, and UV-protection properties. It also offers exceptional mechanical and anti-fatigue properties, stable chemical properties, and low water absorption. Therefore, PET foam is widely used in various end-use industries.

Long glass-fiber reinforced polymer materials have received increasing attention mainly due to their superior mechanical performances which make them a good substitute for PET foams, which may restrain the market growth.

Due to the Covid-19 pandemic, most of the countries have gone under lockdown, due to which various wind energy, and building & construction projects and operations are disruptively stopped, which is hampering the PET foam market growth.

Related Reports :

A. Polyurethanes Market

https://www.industryarc.com/Report/11682/polyurethanes-market-analysis.html

B. Aerospace Foam Market

https://www.industryarc.com/Report/15149/aerospace-foam-market.html

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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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