Wind Turbine Market Growth Forecast

The global wind turbine forging market will reach $11.15 billion by 2028, up from $7.28 billion in 2022, according to The Insight Partners. That's a 7.4% compound annual growth rate (CAGR) during the forecast period, the research found.

The report looks at the wind turbine forging market according to such variables as:

• Type: Seamless Rolled Ring and Open Die Forging; and
• Component: Flanges, Blades, Bearings, Gears, Shafts, and Others); and Geography.

Companies to know in the wind turbine forging market, according to the report, include:

• Scot Forge Co;
• Frisa Industrias SA de CV;
• Iraeta Energy Equipment Co Ltd;
• ULMA Forja S Coop;
• Celsa Armeringsstal AS;
• Bharat Forge Ltd;
• Specialty Ring Products Inc;
• Bruck GmbH;
• Tongyu Heavy Industry Co.
• Gerdau Summit Aços Fundidos e Forjados SA