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Wind Turbine Forging Market Share

Report ID: GMI5706
Published Date: May 2023
Report Format: PDF

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Wind Turbine Forging Market Share

Some of the major players operating in wind turbine forging market are:

A. Finkl & Sons Steel
Bharat Forge Limited
CIE Automotive
S.A
Euskalforging Group
Farinia Group
GKN Aerospace (Melrose Industries)
Iraeta Energy Equipment Co., Ltd
Nippon Steel Corporation
R&M Forge and Fittings
Synergy Heavy Industry (Jiangsu) Co., Ltd
Saarschmiede GmbH Freiformschmiede
Shanxi Huanjie Petroleum Drilling Tools Co., Ltd
Sheffield Forgemasters International Ltd
Sinomach Heavy Industry Corporation
Suzhou Tianyuan Equipment Technology Co., Ltd

These players are engaged in startergic partneships and collaboration with instllaors and manufacturer of wind tubrine inorder to gain a competitive advantage in the business landscape.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of wind turbine forging exceeded USD 7.7 billion in 2022 and is expected to witness 7.1% CAGR during 2023 to 2032 due to the surging need for offshore wind energy cost reductions.

The flanges component type in wind turbine forging industry will gain significnat traction between 2023 and 2032 owing to rising usage for connecting specialty products, valves, and fittings.

Demand for wind turbine forging in the U.S. reached USD 700 million in 2022 and will expand through 2023 driven by the increasing number of product launches, partnerships, mergers, and collaborations in the country.

Some of the leading wind turbine forging industry players include A. Finkl & Sons Steel, Bharat Forge Limited, CIE Automotive, S.A., Farinia Group, GKN Aerospace (Melrose Industries), Iraeta Energy Equipment Co., Ltd., Nippon Steel Corporation.