Posted 12/13/2023, 3:34:00 PM
Global Wind Turbine Castings Market to Reach $3.4 Billion by 2030, Driven by Investments in Power Network Expansion
- Global wind turbine castings market to reach $3.4 billion by 2030, growing at a CAGR of 6.9% over 2022-2030
- Horizontal axis segment projected to record 6.8% CAGR and reach $3.1 billion by 2030
- U.S. market estimated at $301.6 million in 2022; China forecast to reach $636 million by 2030, growing at 8.5% CAGR
- Rising investments in expansion of power networks driving market growth
- Challenges include supply chain issues and integrating wind energy into power grids