According to our latest research, the global Electric Power Forging market size will reach USD million in 2031, growing at a CAGR of %over the analysis period.
Electric Power Forgings are workpieces or blanks obtained by forging and deforming metal billets. They are a common type of forgings used in the power industry. Forging is a processing method that uses a forging machine to apply pressure to a metal billet to cause it to undergo plastic deformation, thereby obtaining a certain shape, size, and mechanical properties.
Technological progress and innovation:
Technological progress is the core driving force of innovation in the power forging industry. With the combination of computer simulation and data analysis technology, the forging process can be more accurately controlled and predicted, thereby improving production efficiency and reducing costs.
Optimization measures such as optimizing mold design and improving heating temperature control accuracy can further improve the forming performance and material utilization of forgings. At the same time, advanced heat treatment technology can improve the internal structure and performance of forgings, and improve their service life and reliability.
Market demand and customized production:
With the continuous improvement of downstream industries' requirements for forging product accuracy, performance, life, reliability, etc., the power forging industry needs to continuously improve its customized production capabilities to meet the diversified needs of the market.
Industrial structure optimization:
Traditional heavy forging is gradually developing towards precision forging and special forging. Power forging companies should accelerate transformation and upgrading and improve their technical level to meet the market demand for high-quality, high-performance forgings.
Focus:
As the global community seeks to use more alternative energy sources, the demand for high-reliability and durable forged parts will continue to increase. Until recently, sourcing many critical forged components could take a year or more due to supply chain shortages and bottlenecks, which could threaten the viability of renewable energy projects.
Now, a leading forged component manufacturer has streamlined the manufacturing process for a wide range of durable custom forged components to less than two months, helping to speed project completion and reduce overall costs.
This report is a detailed and comprehensive analysis for global Electric Power Forging market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Electric Power Forging market size and forecasts, in consumption value ($ Million), 2020-2031
Global Electric Power Forging market size and forecasts by region and country, in consumption value ($ Million), 2020-2031
Global Electric Power Forging market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031
Global Electric Power Forging market shares of main players, in revenue ($ Million), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Electric Power Forging
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Electric Power Forging market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include HWM, FRISA, Scot Forge, Forgital Group, Hitachi Metals, All Metals & Forge Group, Wuxi Paike New Materials, Jiangyin Hengrun Heavy, Baoding Technology, Tongyu Heavy Industry, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Electric Power Forging market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Rolled Ring Forging
Free Forging
Die Forging
Market segment by Application
Thermal Power
Wind Power
Others
Market segment by players, this report covers
HWM
FRISA
Scot Forge
Forgital Group
Hitachi Metals
All Metals & Forge Group
Wuxi Paike New Materials
Jiangyin Hengrun Heavy
Baoding Technology
Tongyu Heavy Industry
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Electric Power Forging product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Electric Power Forging, with revenue, gross margin, and global market share of Electric Power Forging from 2020 to 2025.
Chapter 3, the Electric Power Forging competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and Electric Power Forging market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Electric Power Forging.
Chapter 13, to describe Electric Power Forging research findings and conclusion.
Summary:
Get latest Market Research Reports on Electric Power Forging. Industry analysis & Market Report on Electric Power Forging is a syndicated market report, published as Global Electric Power Forging Market 2025 by Company, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Electric Power Forging market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.