Wind Turbine Forging Market Size By Type (Open Die Forging, Seamless Rolled Ring), By Component (Flanges, Gears, Shafts, Blades, Bearings, and Others), Industry Analysis Report & Global Forecast, 2023-2032

Description

List of Tables

Global Wind Turbine Forging Market will amass significant gains through 2032. Rapid advancements in wind turbine forging techniques will create a strong impetus for market expansion. Precision forging techniques are now being employed to create complex, high-quality turbine components. These techniques involve precise control over temperature, pressure, and forming processes to produce near-net-shape components. By minimizing the need for additional machining, precision forging reduces material waste and enhances manufacturing efficiency.

Furthermore, market players in this space are prioritizing mergers and acquisitions to reinforce their market standing. For instance, in July 2022, Bharat Forge Limited, an Indian forging company, acquired JS Autocast Foundry India Private Limited. This move will help Bharat Forge strengthen its position as a preferred industrial solutions provider.

The overall wind turbine forging industry is categorized based on type, component, and region.

Based on type, the wind turbine forging industry size from the open die forging segment will expand exponentially through 2032. Open die forging allows for greater design flexibility and customization than other manufacturing processes. Manufacturers can shape the metal billet into complex geometries and sizes according to specific design requirements. This flexibility enables the production of wind turbine components with optimized shapes, sizes, and features, resulting in improved performance and efficiency.

Based on component, the wind turbine forging industry from the blades segment will witness considerable gains through 2032. Rapid advancements in blades are shaping the segment outlook. Blade design has undergone significant advancements over the years to maximize energy capture and minimize aerodynamic losses. Computational fluid dynamics (CFD) simulations and advanced modeling techniques now allow for the optimization of blade shape, twist, and aerodynamic profiles. These designs result in improved power generation, reduced noise, and better turbine performance.

Regionally, Europe wind turbine forging industry share will grow at a lucrative CAGR from 2023 to 2032. Growing investments by the government in renewable energy generation have increased the demand for wind turbine forging in the region. In fact, initiatives such as the REPowerEU have been introduced to minimize the European Commission's dependency on Russian fossil fuels before 2030.

Moreover, the strong presence of market players such as CIE Automotive, S.A., Saarschmiede GmbH Freiformschmiede, and others constantly emphasizing product innovations is further positively impacting the regional landscape.

Product Code: 5706

Chapter 1 Methodology & Scope

1.1 Market definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
- 1.4.1 Secondary
  - 1.4.1.1 Paid sources
  - 1.4.1.2 Public sources
- 1.4.2 Primary

Chapter 2 Executive Summary

2.1 Wind Turbine Forging industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Type trends
2.5 Component trends

Chapter 3 Wind Turbine Forging Industry Insights

3.1 Impact of COVID-19 outbreak
3.2 Impact of Russia Ukraine war
3.3 Wind Turbine Forging industry ecosystem analysis
- 3.3.1 Raw material suppliers
- 3.3.2 Manufacturers
- 3.3.3 Distributors channel analysis
- 3.3.4 End-users
- 3.3.5 Profit margin analysis
- 3.3.6 Vendor matrix
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
- 3.6.1 Partnership/collaboration
- 3.6.2 Merger/acquisition
3.7 Cost structure analysis
3.8 Regulatory landscape
- 3.8.1 North America
- 3.8.2 Europe
- 3.8.3 Asia Pacific
- 3.8.4 Latin America
- 3.8.5 MEA
3.9 Industry impact forces
- 3.9.1 Growth drivers
  - 3.9.1.1 High demand for high performance wind turbine parts
  - 3.9.1.2 Growing use of wind turbine for clean energy production
- 3.9.2 Industry pitfalls & challenges
  - 3.9.2.1 High installation cost of wind turbine
3.10 Growth potential analysis
3.11 Porter's analysis
3.12 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share analysis, 2022
4.3 Competitive analysis of key market players, 2022
4.4 Competitive positioning matrix
4.5 Strategic outlook matrix

Chapter 5 Global Wind Turbine Forging Market by Type, 2018 - 2032

5.1 Open Die Forging
- 5.1.1 Market estimates and forecast, 2018 - 2032
- 5.1.2 Market estimates and forecast, 2018 - 2032, by region
5.2 Seamless Rolled Ring
- 5.2.1 Market estimates and forecast, 2018 - 2032
- 5.2.2 Market estimates and forecast, 2018 - 2032, by region

Chapter 6 Global Wind Turbine Forging Market by Type, 2018 - 2032

6.1 Flanges
- 6.1.1 Market estimates and forecast, 2018 - 2032
- 6.1.2 Market estimates and forecast, 2018 - 2032, by region
6.2 Gears
- 6.2.1 Market estimates and forecast, 2018 - 2032
- 6.2.2 Market estimates and forecast, 2018 - 2032, by region
6.3 Shafts,
- 6.3.1 Market estimates and forecast, 2018 - 2032
- 6.3.2 Market estimates and forecast, 2018 - 2032, by region
6.4 Bladers
- 6.4.1 Market estimates and forecast, 2018 - 2032
- 6.4.2 Market estimates and forecast, 2018 - 2032, by region
6.5 Bearing
- 6.5.1 Market estimates and forecast, 2018 - 2032
- 6.5.2 Market estimates and forecast, 2018 - 2032, by region
6.6 Others
- 6.6.1 Market estimates and forecast, 2018 - 2032
- 6.6.2 Market estimates and forecast, 2018 - 2032, by region

Chapter 7 Wind Turbine Forging Market, By Region

7.1 Wind Turbine Forging Market, by region, 2022 & 2032
7.2 North America
- 7.2.1 Market estimates and forecast, 2018 - 2032
- 7.2.2 Market estimates and forecast, by Type, 2018 - 2032
- 7.2.3 Market estimates and forecast, by End user, 2018 - 2032
- 7.2.4 U.S.
  - 7.2.4.1 Market estimate and forecast, 2018 - 2032
  - 7.2.4.2 Market estimates and forecast, by Type, 2018 - 2032
  - 7.2.4.3 Market estimates and forecast, by End user, 2018 - 2032
- 7.2.5 Canada
  - 7.2.5.1 Market estimates and forecast, 2018 - 2032
  - 7.2.5.2 Market estimates and forecast, by Type, 2018 - 2032
  - 7.2.5.3 Market estimates and forecast, by End user, 2018 - 2032
7.3 Europe
- 7.3.1 Market estimates and forecast, 2018 - 2032
- 7.3.2 Market estimates and forecast, by Type, 2018 - 2032
- 7.3.3 Market estimates and forecast, by End user, 2018 - 2032
- 7.3.4 France
  - 7.3.4.1 Market estimates and forecast, 2018 - 2032
  - 7.3.4.2 Market estimates and forecast, by Type, 2018 - 2032
  - 7.3.4.3 Market estimates and forecast, by End user, 2018 - 2032
- 7.3.5 Germany
  - 7.3.5.1 Market estimates and forecast, 2018 - 2032
  - 7.3.5.2 Market estimates and forecast, by Type, 2018 - 2032
  - 7.3.5.3 Market estimates and forecast, by End user, 2018 - 2032
- 7.3.6 Italy
  - 7.3.6.1 Market estimates and forecast, 2018 - 2032
  - 7.3.6.2 Market estimates and forecast, by Type, 2018 - 2032
  - 7.3.6.3 Market estimates and forecast, by component, 2018 - 2032
- 7.3.7 Russia
  - 7.3.7.1 Market estimates and forecast, 2018 - 2032
  - 7.3.7.2 Market estimates and forecast, by Type, 2018 - 2032
  - 7.3.7.3 Market estimates and forecast, by component, 2018 - 2032
- 7.3.8 UK
  - 7.3.8.1 Market estimates and forecast, 2018 - 2032
  - 7.3.8.2 Market estimates and forecast, by Type, 2018 - 2032
  - 7.3.8.3 Market estimates and forecast, by component, 2018 - 2032
- 7.3.9 Spain
  - 7.3.9.1 Market estimates and forecast, 2018 - 2032
  - 7.3.9.2 Market estimates and forecast, by Type, 2018 - 2032
  - 7.3.9.3 Market estimates and forecast, by component, 2018 - 2032
7.4 Asia Pacific
- 7.4.1 Market estimates and forecast, 2018 - 2032
- 7.4.2 Market estimates and forecast, by Type, 2018 - 2032
- 7.4.3 Market estimates and forecast, by component, 2018 - 2032
- 7.4.4 China
  - 7.4.4.1 Market estimates and forecast, 2018 - 2032
  - 7.4.4.2 Market estimates and forecast, by Type, 2018 - 2032
  - 7.4.4.3 Market estimates and forecast, by component, 2018 - 2032
- 7.4.5 Japan
  - 7.4.5.1 Market estimates and forecast, 2018 - 2032
  - 7.4.5.2 Market estimates and forecast, by Type, 2018 - 2032
  - 7.4.5.3 Market estimates and forecast, by component, 2018 - 2032
- 7.4.6 India
  - 7.4.6.1 Market estimates and forecast, 2018 - 2032
  - 7.4.6.2 Market estimates and forecast, by Type, 2018 - 2032
  - 7.4.6.3 Market estimates and forecast, by component, 2018 - 2032
- 7.4.7 South Korea
  - 7.4.7.1 Market estimates and forecast, 2018 - 2032
  - 7.4.7.2 Market estimates and forecast, by Type, 2018 - 2032
  - 7.4.7.3 Market estimates and forecast, by component, 2018 - 2032
- 7.4.8 Australia
  - 7.4.8.1 Market estimates and forecast, 2018 - 2032
  - 7.4.8.2 Market estimates and forecast, by Type, 2018 - 2032
  - 7.4.8.3 Market estimates and forecast, by component, 2018 - 2032
7.5 Latin America
- 7.5.1 Market estimates and forecast, 2018 - 2032
- 7.5.2 Market estimates and forecast, by Type, 2018 - 2032
- 7.5.3 Market estimates and forecast, by component, 2018 - 2032
- 7.5.4 Brazil
  - 7.5.4.1 Market estimates and forecast, 2018 - 2032
  - 7.5.4.2 Market estimates and forecast, by Type, 2018 - 2032
  - 7.5.4.3 Market estimates and forecast, by component, 2018 - 2032
- 7.5.5 Mexico
  - 7.5.5.1 Market estimates and forecast, 2018 - 2032
  - 7.5.5.2 Market estimates and forecast, by Type, 2018 - 2032
  - 7.5.5.3 Market estimates and forecast, by component, 2018 - 2032
- 7.5.6 Argentina
  - 7.5.6.1 Market estimates and forecast, 2018 - 2032
  - 7.5.6.2 Market estimates and forecast, by Type, 2018 - 2032
  - 7.5.6.3 Market estimates and forecast, by component, 2018 - 2032
7.6 Middle East & Africa
- 7.6.1 Market estimates and forecast, 2018 - 2032
- 7.6.2 Market estimates and forecast, by Type, 2018 - 2032
- 7.6.3 Market estimates and forecast, by component, 2018 - 2032
- 7.6.4 Saudi Arabia
  - 7.6.4.1 Market estimates and forecast, 2018 - 2032
  - 7.6.4.2 Market estimates and forecast, by Type, 2018 - 2032
  - 7.6.4.3 Market estimates and forecast, by component, 2018 - 2032
- 7.6.5 UAE
  - 7.6.5.1 Market estimates and forecast, 2018 - 2032
  - 7.6.5.2 Market estimates and forecast, by Type, 2018 - 2032
  - 7.6.5.3 Market estimates and forecast, by component, 2018 - 2032
- 7.6.6 South Africa
  - 7.6.6.1 Market estimates and forecast, 2018 - 2032
  - 7.6.6.2 Market estimates and forecast, by Type, 2018 - 2032
  - 7.6.6.3 Market estimates and forecast, by component, 2018 - 2032

Chapter 8 Company Profiles

8.1 A. Finkl & Sons Steel
- 8.1.1 Business overview
- 8.1.2 Financial data
- 8.1.3 Type landscape
- 8.1.4 Strategic outlook
- 8.1.5 SWOT analysis
8.2 Bharat Forge Limited
- 8.2.1 Business overview
- 8.2.2 Financial data
- 8.2.3 Type landscape
- 8.2.4 Strategic outlook
- 8.2.5 SWOT analysis
8.3 CIE Automotive, S.A
- 8.3.1 Business overview
- 8.3.2 Financial data
- 8.3.3 Type landscape
- 8.3.4 Strategic outlook
- 8.3.5 SWOT analysis
8.4 Euskalforging Group
- 8.4.1 Business overview
- 8.4.2 Financial data
- 8.4.3 Type landscape
- 8.4.4 Strategic outlook
- 8.4.5 SWOT analysis
8.5 Farinia Group.
- 8.5.1 Business overview
- 8.5.2 Financial data
- 8.5.3 Type landscape
- 8.5.4 Strategic Outlook
- 8.5.5 SWOT analysis
8.6 GKN Aerospace (Melrose Industries)
- 8.6.1 Business overview
- 8.6.2 Financial data
- 8.6.3 Type landscape
- 8.6.4 Strategic outlook
- 8.6.5 SWOT analysis
8.7 Iraeta Energy Equipment Co., Ltd.
- 8.7.1 Business overview
- 8.7.2 Financial data
- 8.7.3 Type landscape
- 8.7.4 Strategic outlook
- 8.7.5 SWOT analysis
8.8 Nippon Steel Corporation
- 8.8.1 Business overview
- 8.8.2 Financial data
- 8.8.3 Type landscape
- 8.8.4 Strategic outlook
- 8.8.5 SWOT analysis
8.9 R&M Forge and Fittings
- 8.9.1 Business overview
- 8.9.2 Financial data
- 8.9.3 Type landscape
- 8.9.4 Strategic outlook
- 8.9.5 SWOT analysis
8.10 Synergy Heavy Industry (Jiangsu) Co., Ltd.
- 8.10.1 Business overview
- 8.10.2 Financial data
- 8.10.3 Type landscape
- 8.10.4 Strategic outlook
- 8.10.5 SWOT analysis
8.11 Saarschmiede GmbH Freiformschmiede
- 8.11.1 Business overview
- 8.11.2 Financial data
- 8.11.3 Type landscape
- 8.11.4 Strategic outlook
- 8.11.5 SWOT analysis
8.12 Shanxi Huanjie Petroleum Drilling Tools Co., Ltd.
- 8.12.1 Business overview
- 8.12.2 Financial data
- 8.12.3 Type landscape
- 8.12.4 Strategic outlook
- 8.12.5 SWOT analysis
8.13 Sheffield Forgemasters International Ltd.
- 8.13.1 Business overview
- 8.13.2 Financial data
- 8.13.3 Type landscape
- 8.13.4 Strategic outlook
- 8.13.5 SWOT analysis
8.14 Sinomach Heavy Industry Corporation
- 8.14.1 Business overview
- 8.14.2 Financial data
- 8.14.3 Type landscape
- 8.14.4 Strategic outlook
- 8.14.5 SWOT analysis
8.15 Suzhou Tianyuan Equipment Technology Co., Ltd.
- 8.15.1 Business overview
- 8.15.2 Financial data
- 8.15.3 Type landscape
- 8.15.4 Strategic oOutlook
- 8.15.5 SWOT analysis