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Wind Power Flange Market Poised To Witness A High CAGR

The global wind power flange market is anticipated to witness a high CAGR, according to Radiant Insights. Factors such as significant demand for onshore energy applications and trends in the energy sector are responsible for the market traction in the recent years. Renewable energy applications and climate change issues have triggered the demand for viable and alternate power sources. Wind energy is comprised of conversion of wind power into some other form for example, generation of electricity. It is thus an alternative to fossil fuels with a natural leverage with no hazardous effects on environment. 

Design and Innovation:

The wind power flange market is significantly driven by adoption of innovation and rise in incidences of power flange fatigue across various economies.  In the recent years, numerous incidences of wind turbine fatigue took place owing to greater forces and failure at base support. Findings from investigative studies reveal that wind turbines faced static and cyclic loads thereby affecting the overall structural form. To affirm, the setting of flange plates stands pivotal to prevent failure or fatigue. For instance, small wind turbine design standard such as IEC 61400-2 results in a sophisticated design method for I beam wind turbines. Overall, the market growth is determined by the production capacity, load bearing efficiency, safety policies laid down by manufacturers and increase in development of research activities.

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Asia Pacific held a significant share in the international market attributing to presence of key players and innovative product launches. For instance, Hai Zhuang Windpower (HZWindpower) is a subsidized group of China Shipbuilding Industry Corporation (CSIC) that manufactures wind-turbine components and tubular steel towers, welded frames, main shafts, gearboxes, power convertors, hydraulics and control systems. CSIC HZWindpower is leapfrogging for high-end manufacture for offshore wind turbines commissioned in November 2019, exhibiting a high competition in the wind and power energy sector. For instance, the most latest and powerful product ranges as high as 10MW with 210 meter rotors with a record of 289W/m2 power rating. This was exhibited in the China Wind Power Summit in October 2019 in Beijing and the model passed the design certificate from China Electricity Science Research Institute (CESRI). The certification also portrays that it would be the largest rotor not only in China but across the world. 

The key players in the wind power flange market are Iraeta, Taewong, Tianbo, Longma, Euskal Forging, Jinrui, CAB, Double Ring, Hengrun, Ah Industries Flange, CHW Forge and GIU.
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