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2022
Wind Power Fastener Market

Wind Power Fastener Market by Type (Stainless Steel, Alloy Steel, Copper, Brass, and Aluminum), Application (Turbine Bases, Tower Constructions, Bolts for Turbine Blades, Bolts for Gear Cases, and Generators): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Jul 2022 | 94 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Wind power fastener market is expected to see growth in the coming years because of the rise in application of the wind power industry and same for the equipment. Wind The wind turbine assemblies require unique type of fasteners and fastener utility sort of engineering. Specialty, custom-engineered fasteners are for wind turbine high-stress packages and intense vibration that exist at some stage in operation. Wind power fasteners is a principle connector used for connecting the wind strength generators. In power generators, high-power anchor bolts are utilized in big numbers. It accounts for approximately 22% of total amount of wind turbine additives.

Hub & pitch bearing, pitch bearing & blade, hub & principal shaft, mainframe &generator body, mainframe & yaw bearing, gearbox elastic aid & mainframe, major bearing & mainframe, tower & offset excessive-electricity anchor bolts are used for tightening brake discs. The connection made between tower elements and the locking discs are used for attaching the primary shaft to gearbox planet provider. Although the elements are small, they have got a notable impact.

Under ordinary non-stop operating situations, wind strength fasteners need to guarantee a provider lifestyles of more than 15 years.

Market Scope and Structure Analysis

Wind power fasteners are the type of systems that is used for connecting different wind power generators. In addition, it is used in the power generators as the anchor bolts for providing high strength properties. It is segmented on the basis of type and application. On the basis of type it is further segmented into stainless steel, alloy steel, copper, brass, and aluminum. On the basis of applications it is further segmented into turbine bases, tower constructions, bolts for turbine blades, bolts for gear cases,  and generators.

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

 Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

  Type, Application, Region

  Companies Covered

Finework, Jiangsu Zhongcheng, Shanghai Shenguang, Hangzhou Daton Wind Power, Würth Group, Stanley Black and Decker, Hamax Co., Ltd., Dyson Corp., BIG BOLT NUT, Cooper and Turner, ITH Bolting Technology

 

COVID-19 Impact Analysis

  • The COVID-19 has a vast impact that could be seen all around the world. Considering markets of Asia, North America, and Europe being affected most by the pandemic. The Europe became the early spot of the virus and because of the lockdown, the production activities got affected in that places.
  • Other than Asian, North American and European locations different activities got affected and stopped manufacturing activities for different systems that affected manufacturing of wind power fastener and hence affected the productivity of the market.
  • The supply chain activities got affected due to which production and the distribution of the systems undergone a change in the market. Also, the security for the employees got impacted that reduced production and demand for wind power fasteners.
  • However, several markets are resuming their operation and work. As a result, the wind power fastener market is also working to compensate for the consequences of COVID-19, which will take some time but will eventually catch up..
  • The wind power fastener market can see some growth and normalize with the situation over the time, with the different precautions, vaccinations and equipment coming in the market.

Top Impacting Factors

  • Increase in funds for the renewable electric network, and the favorable authorities that reforms the combination of the sustainable structures, are main market drivers for the wind power fasteners.
  • Other factors include ongoing technological advancements, as well as widespread adoption of smart sensing and monitoring units throughout turbines, which have lowered overall device losses by determining structural output limitations that may be returned back to the machine to save damage.. 
  • Technological advancements, such as high-capacity wind turbines, floating wind generators, and 3D printing, have lowered the cost of wind energy while also opening up new offshore areas with deep water that were previously unavailable owing to a lack of investment and time. These factors are accelerating the global adoption of wind energy and are expected to provide significant opportunities for players to enter previously unexplored markets..
  • Moreover, the integration of artificial intelligence, internet of things, robotics, and data analytics in wind generators will permit advanced situation monitoring and predictive maintenance which bring about increase in performance and reduction in operational and upkeep costs, which is probable to provide the possibility to a boom within the deployment of wind turbine fasteners in  the future.

Market trends

  • Dyson Corp,. a wind power fastener manufacturing company, in January 2021 expended its business to Houston, TX. This business expansion led to development of new products for wind power turbine.
  • ITH Bolting Technology ,a wind power fastener manufacturing company on May 2021 became a part of and became executive partner of Cordless Alliance System CAS for extending the portfolio.
     

Key Market Segments

Segments Sub-segments
Type
  • Stainless Steel
  • Alloy Steel
  • Copper
  • Brass
  • Aluminum
Application
  • Turbine Bases
  • Tower Constructions
  • Bolts for Turbine Blades
  • Bolts for Gear Cases and Generators
Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Argentina
    • GGC
    • South Africa
    • Rest of LAMEA
 
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