Global Wind Turbine Casting Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Wind Turbine Casting Market 2021 (Includes Business Impact of COVID-19)
Global Wind Turbine Casting Market is a report completed after much in-depth study and analysis by the in-house team at Trusted Business Insights. The global wind turbine casting market report has been segmented on the basis of type, application, and region.
Request Covid - 19 Impact
Overview

A wind turbine casting refers to components that are cast or molded to specifications, all of which are then assembled to form wind energy systems and equipment. Components of wind turbines vary as per requirement, deployment area or location type, as well as required output, size, height and various other factors. Components of wind turbines include castings, fan hubs, fan bases, gearboxes and related housing or casing etc. In addition, casting also refers to a process whereby an object of specific shape and size is produced by pouring metal in molten form into a mold or die. Other parts that are put through the casting process are axle pins, main carriers, and rotor hubs.

Dynamics

The global wind turbine castings market is expected to register a significant revenue growth over the forecast period owing to increasing demand for renewable sources of energy, which include wind, solar, and water and wave energy. Increasing adoption of wind energy coupled with rising volumes of wind farms and wind energy harnessing installations across the globe are expected to contribute significantly to market growth over the forecast period. Carbon emissions and footprint have been a major environmental issue for almost all economies in the world, and governments of various economies are focusing on promoting use of renewable and natural resources of energy. Increasing support from governments in the form of favorable regulations, policies, and subsidies are triggering production of wind turbines, which in turn is driving growth of the target market. Growing consumption of electricity, owing to rapid urbanization and industrialization has resulted in high demand for wind energy, which is further expected to contribute significantly to market growth in the coming years.

The global solar energy market has registered a significant growth rate over the years. Availability of solar energy as a substitute may negatively affect demand for wind energy systems and components and consequently impact demand for wind turbine castings, thereby having a negative impact on growth of the target market over the forecast period.

Expanding trend of preference for eco-friendly energy, combined with increasing technological advancements are expected to create revenue opportunities for players in the global market in the near future to expand revenue share, increase market presence, drive revenues, and stay ahead of the competition.

Segment Analysis By Type:

Among the type segment, the horizontal axis turbine segment is expected to account for a major revenue share over the forecast period as horizontal axis turbines are distinguishable from their structures and have main rotor shafts and electrical generators placed at the top of the tower that provides advantages including high power output and efficiency.

By Application:

Among the application segments, the onshore segment currently accounts for major revenue share, as onshore turbines are easy to install and maintenance is not as complex. The offshore segment is expected to register fastest revenue growth rate owing to increasing support from governments for offshore installation, especially in developing economies, across the globe.

Regional Analysis

Asia Pacific market currently dominates other markets in the global market and is expected to continue its dominance over the forecast period. This is attributable to increasing energy development projects in developing economies in the region, and increasing urbanization combined with rapid growth of energy intensive industries in the region. Prominent countries contribute significantly to revenue growth of the market in Asia Pacific region, and these countries include India and China primarily. Recent technological advancements have resulted in improved efficiency of wind turbines, which is expected to trigger demand for wind turbine casting over the forecast period.


Below are the active patents related to Wind Turbine Casting Market.


Patent Number: US20100025005A1

Method for Casting High-Power Wind Turbine Base with Ductile Iron

Abstract

A method of casting the base of high-power wind turbines with low-temperature nodular graphite iron, use furan resin sand as the mold sand, and there is no riser or chill in the mold. The mold undergoes microseismic compaction, has no chill and riser, and when parting the parting face is perpendicular to the ground. The molten iron solidifies evenly, which greatly reduces the shrinkage holes and disperse shrinkage, and the dregs and air are easy to be discharged. The pouring system designed for the base, together with reasonable pouring rate and time, makes the system useful in blocking the dregs. All areas of the base need to meet the standards of EN DIN12680 Level 2 or Level 3 of the UT tests.

Application filed Date: 2009-02-01

Application granted Date: 2012-01-17

Current Assignee: Jiangsu Jixin Wind Energy Technology Co Ltd

Patent Number: EP2446141A1

Wind turbine

Abstract

The present invention is a wind turbine having a set of curved blades mounted on a central rotatable hub. An enclosure surrounds and is attached to the tips of the blades. The enclosure is arranged to rotate with the hub and the blades. The blades have a fixed pitch such that a pitch angle of each of the blades at the tip end is from 50 degrees and 75 degrees to a rotational (central) axis of the hub. A pitch angle of each of the blades at a hub end is defined by a product of a ratio, of a hub radius divided by a turbine radius, multiplied by a pitch angle at the tip. The blade is provided with a compound curve that causes the blade to fall away from an angle of apparent wind (the angle of the wind seen by the moving blade) impinging upon the blade at a wind entry location of the blade. The turbine is further provided with an apparatus that controls speed of rotation of the turbine so that the angle of the apparent wind to the blades can be adjusted relative to the pitch angle of the blades to obtain at least 50% of maximum energy that can be extracted using the turbine.

Application filed Date: 2010-06-22

Application granted Date: 2018-02-28

Inventor: Kean W. Stimm

Patent Number: US20080118356A1

Hub for a horizontal axis wind turbine

Abstract

To provide a lightweight hub of a horizontal axis wind turbine with a balanced strength, the hub 1 related to the present invention comprises a reinforcement plate 4 coupled to the spherical shell 2 on the peripheral edge in the round region G inside the circular flange 3 used to secure a blade. In addition to being off-center at the point C side, an off-center opening 5, that contains the center B of the region G, is formed in the region G. The reinforcement plate 4 is formed at the remainder portion of the region G after removing the off-center opening 5. By means of an unequal arrangement of the reinforcement plate 4 and the opening 5 on the inside of the circular flange 3, severe imbalances due to the casting of the hub 1 are cancelled and a balanced strength is obtained, making it also easier to reduce the weight.

Application filed Date: 2007-11-20

Application granted Date: 2012-03-27

Current Assignee: Hitachi Ltd

Global Wind Turbine Casting Market Segmentation:

Segmentation by Type:

  
Horizontal axis
  
Vertical axis

Segmentation by Application:

  
Onshore
  
Offshore
  
Others


Key Market Players included in the report:


  
ACCIONA
  
AEROVIDE GmbH
  
DHI DCW Group Co.Ltd.
  
Digital Equipment Corporation
  
Elyria Foundry CompanyLLC.
  
ENERCON GmbH
  
Envision
  
Gamesa Renewable Energy S.A.
  
General Electric
  
Goldwind
  
Inoxwind
  
juwi AG
  
Mingyang Smart Energy Group Co.Ltd.
  
NORDEX SE
  
Premier Heavy Engineering
  
Riyue Heavy Industry Corporation Ltd.
  
SAKANA Group
  
SEFORGE
  
SHW Casting Technologies GmbH & Co. KG
  
Siemens
  
Sinovel Wind Group Co.Ltd.
  
Suzlon Energy Limited
  
Vestas


Below are the key development related to Wind Turbine Casting Market in 2020 and 2021.