Market Overview:
The global wind turbine flanges market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for renewable energy sources and the rising awareness about climate change. In terms of type, the below 2 MW segment is expected to dominate the market during the forecast period. This can be attributed to factors such as lower installation costs and easy installation process as compared to larger turbines. In terms of application, offshore wind power is expected to grow at a higher rate than onshore wind power during the forecast period.
Product Definition:
A wind turbine flange is a type of flange that is used to connect the rotor blades of a wind turbine to the hub. The purpose of the flanges is to provide a strong and secure connection between the blades and the hub, which helps to ensure that the rotor blades are able to withstand high winds.
Below 2 MW:
Below 2 MW flanges are used in wind turbines to connect the generator and main shaft. The size of below 2 MW flange depends on the diameter of generator, which is normally between 80 mm to 160 mm. The market for below 2 MW flanges is expected to witness significant growth owing to increasing installation of large capacity wind turbines across various regions including Europe, Asia Pacific, and North America.
2 MW-3MW:
The 2 MW-3MW is a standard flange used in wind turbine. It has two metal arms, which are fixed to the hub of the rotor and hold gearbox and generator. The other end of each arm is connected to an elastic ring, through which torque generated by the gears drives a main shaft inside the tower.
2 MW-3MW flanges are manufactured from high strength steel with special surface finish for better adhesion between rings and arms.
Application Insights:
The offshore wind power application segment accounted for the largest revenue share of over 45% in 2017. The growth is attributed to the fact that this technology can withstand high loads, which results in lower wear and tear of turbines. Furthermore, increasing government support for developing renewable energy sources will boost industry growth over the forecast period.
The onshore wind power application segment is expected to witness a CAGR of XX% from 2018 to 2030 owing to favorable government policies regarding renewable energy generation and technological advancements in onshore turbines coupled with strong demand-supply gap closure tendency observed across major economies including China, India & Japan.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth of wind power generation in China, India, Japan and South Korea on account of favorable government policies coupled with high electricity demand-supply gap is expected to drive the regional market.
China has emerged as a global leader in wind turbine manufacturing owing to low labor costs along with easy access to Chinese manufacturers through domestic supply chains. In addition, growing awareness regarding renewable energy sources among consumers is anticipated to further fuel industry growth over the next eight years.
Europe was estimated at USD X million in 2017 and is projecteded grow at a CAGR of XX% from 2018 to 2030 owing herringbone pattern due large scale adoption offshore wind farms across European countries including Germany, UK France Italy and Spain which are likely drive product demand over coming years.
Growth Factors:
- Increasing demand for wind energy: The global consumption of wind energy is expected to grow at a CAGR of around 12% during the forecast period. This will result in an increase in the demand for wind turbine flanges.
- Technological advancements: The technological advancements in the field of renewable energy are resulting in the development of more efficient and advanced wind turbines, which will lead to an increase in their adoption across the globe. This will create a positive impact on the growth of Wind Turbine Flanges market during the forecast period.
- Government initiatives and policies supporting renewable energy: Governments across various countries are promoting renewable sources of energy through various initiatives and policies, which is aiding in the growth of Wind Turbine Flanges market globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wind Turbine Flanges Market Research Report
By Type
Below 2 MW, 2 MW-3MW, Above 3MW
By Application
Offshore Wind Power, Onshore Wind Power
By Companies
Iraeta, Hengrun, Tianbao, Shuanghuan Group, Taewoong, Euskal Forging, FRISA, Flanschenwerk Thal, CAB Incorporated, Jinrui, Iraeta
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Wind Turbine Flanges Market Report Segments:
The global Wind Turbine Flanges market is segmented on the basis of:
Types
Below 2 MW, 2 MW-3MW, Above 3MW
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Offshore Wind Power, Onshore Wind Power
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Iraeta
- Hengrun
- Tianbao
- Shuanghuan Group
- Taewoong
- Euskal Forging
- FRISA
- Flanschenwerk Thal
- CAB Incorporated
- Jinrui
- Iraeta
Highlights of The Wind Turbine Flanges Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 2 MW
- 2 MW-3MW
- Above 3MW
- By Application:
- Offshore Wind Power
- Onshore Wind Power
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wind Turbine Flanges Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wind turbine flanges are the metal or plastic pieces that connect the blades of a wind turbine to the tower.
Some of the major players in the wind turbine flanges market are Iraeta, Hengrun, Tianbao, Shuanghuan Group, Taewoong, Euskal Forging, FRISA, Flanschenwerk Thal, CAB Incorporated, Jinrui, Iraeta.
The wind turbine flanges market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wind Turbine Flanges Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wind Turbine Flanges Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wind Turbine Flanges Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wind Turbine Flanges Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wind Turbine Flanges Market Size & Forecast, 2018-2028
4.5.1 Wind Turbine Flanges Market Size and Y-o-Y Growth
4.5.2 Wind Turbine Flanges Market Absolute $ Opportunity
Chapter 5 Global Wind Turbine Flanges Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Wind Turbine Flanges Market Size Forecast by Type
5.2.1 Below 2 MW
5.2.2 2 MW-3MW
5.2.3 Above 3MW
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wind Turbine Flanges Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Wind Turbine Flanges Market Size Forecast by Applications
6.2.1 Offshore Wind Power
6.2.2 Onshore Wind Power
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wind Turbine Flanges Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wind Turbine Flanges Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Wind Turbine Flanges Analysis and Forecast
9.1 Introduction
9.2 North America Wind Turbine Flanges Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Wind Turbine Flanges Market Size Forecast by Type
9.6.1 Below 2 MW
9.6.2 2 MW-3MW
9.6.3 Above 3MW
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Wind Turbine Flanges Market Size Forecast by Applications
9.10.1 Offshore Wind Power
9.10.2 Onshore Wind Power
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Wind Turbine Flanges Analysis and Forecast
10.1 Introduction
10.2 Europe Wind Turbine Flanges Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Wind Turbine Flanges Market Size Forecast by Type
10.6.1 Below 2 MW
10.6.2 2 MW-3MW
10.6.3 Above 3MW
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Wind Turbine Flanges Market Size Forecast by Applications
10.10.1 Offshore Wind Power
10.10.2 Onshore Wind Power
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Wind Turbine Flanges Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wind Turbine Flanges Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Wind Turbine Flanges Market Size Forecast by Type
11.6.1 Below 2 MW
11.6.2 2 MW-3MW
11.6.3 Above 3MW
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Wind Turbine Flanges Market Size Forecast by Applications
11.10.1 Offshore Wind Power
11.10.2 Onshore Wind Power
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Wind Turbine Flanges Analysis and Forecast
12.1 Introduction
12.2 Latin America Wind Turbine Flanges Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Wind Turbine Flanges Market Size Forecast by Type
12.6.1 Below 2 MW
12.6.2 2 MW-3MW
12.6.3 Above 3MW
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Wind Turbine Flanges Market Size Forecast by Applications
12.10.1 Offshore Wind Power
12.10.2 Onshore Wind Power
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Wind Turbine Flanges Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wind Turbine Flanges Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Wind Turbine Flanges Market Size Forecast by Type
13.6.1 Below 2 MW
13.6.2 2 MW-3MW
13.6.3 Above 3MW
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Wind Turbine Flanges Market Size Forecast by Applications
13.10.1 Offshore Wind Power
13.10.2 Onshore Wind Power
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wind Turbine Flanges Market: Competitive Dashboard
14.2 Global Wind Turbine Flanges Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Iraeta
14.3.2 Hengrun
14.3.3 Tianbao
14.3.4 Shuanghuan Group
14.3.5 Taewoong
14.3.6 Euskal Forging
14.3.7 FRISA
14.3.8 Flanschenwerk Thal
14.3.9 CAB Incorporated
14.3.10 Jinrui
14.3.11 Iraeta
