SAN FRANCISCO, February 7, 2017 /PRNewswire/ --
The global wind turbine casting market is expected to reach USD 3.27 billion by 2025, according to a new report conducted by Grand View Research, Inc. The growing demand for electricity in developing countries including China, India, South Africa, and Brazil on account of increasing population and urbanization will drive the application of wind turbines. Furthermore, increasing government spending on energy research and the development of clean energy is expected to aid in the market expansion.
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Increasing wind energy installations coupled with the rapid depletion of fossil fuels will drive the demand for wind turbines, which in turn will fuel the casting industry growth over the forecast period. Moreover, the growing requirement for the reduction of carbon footprint and emissions is expected to spur the industry expansion over the upcoming years.
Browse full research report with TOC on "Wind Turbine Casting Market Analysis By Type (Horizontal Axis, Vertical Axis), By Application (Onshore, Offshore), By Region (North America, Europe, Asia Pacific, Central & South America, MEA), And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/wind-turbine-casting-market
Further key findings from the report suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the global wind turbine casting market on the basis of type, application and region:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Phone: 1-415-349-0058
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