| Product Code: ETC8054497 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Lithuania continued to rely on imports for wind turbine castings, with top suppliers being Turkey, China, Germany, Latvia, and Poland. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The modest Compound Annual Growth Rate (CAGR) of 1.89% from 2020 to 2024 suggests steady growth. However, the impressive growth rate of 8.47% from 2023 to 2024 indicates an acceleration in demand for wind turbine castings in Lithuania. It will be crucial for market players to monitor these trends and capitalize on emerging opportunities in the sector.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Lithuania Wind Turbine Casting Market Overview |
3.1 Lithuania Country Macro Economic Indicators |
3.2 Lithuania Wind Turbine Casting Market Revenues & Volume, 2021 & 2031F |
3.3 Lithuania Wind Turbine Casting Market - Industry Life Cycle |
3.4 Lithuania Wind Turbine Casting Market - Porter's Five Forces |
3.5 Lithuania Wind Turbine Casting Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Lithuania Wind Turbine Casting Market Revenues & Volume Share, By Casting Technology, 2021 & 2031F |
3.7 Lithuania Wind Turbine Casting Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Lithuania Wind Turbine Casting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on renewable energy sources, leading to higher demand for wind turbine casting in Lithuania. |
4.2.2 Government initiatives and policies promoting the development of wind energy projects. |
4.2.3 Technological advancements in wind turbine casting, improving efficiency and reducing costs. |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with wind turbine casting. |
4.3.2 Intermittency and variability of wind as a power source, leading to challenges in consistent energy generation. |
4.3.3 Limited land availability for wind farm installations in Lithuania. |
5 Lithuania Wind Turbine Casting Market Trends |
6 Lithuania Wind Turbine Casting Market, By Types |
6.1 Lithuania Wind Turbine Casting Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Lithuania Wind Turbine Casting Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Lithuania Wind Turbine Casting Market Revenues & Volume, By Horizontal Axis Turbine, 2021- 2031F |
6.1.4 Lithuania Wind Turbine Casting Market Revenues & Volume, By Vertical Axis Turbine, 2021- 2031F |
6.2 Lithuania Wind Turbine Casting Market, By Casting Technology |
6.2.1 Overview and Analysis |
6.2.2 Lithuania Wind Turbine Casting Market Revenues & Volume, By Sand casting, 2021- 2031F |
6.2.3 Lithuania Wind Turbine Casting Market Revenues & Volume, By Chill casting, 2021- 2031F |
6.2.4 Lithuania Wind Turbine Casting Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Lithuania Wind Turbine Casting Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Lithuania Wind Turbine Casting Market Revenues & Volume, By Onshore, 2021- 2031F |
6.3.3 Lithuania Wind Turbine Casting Market Revenues & Volume, By Offshore, 2021- 2031F |
7 Lithuania Wind Turbine Casting Market Import-Export Trade Statistics |
7.1 Lithuania Wind Turbine Casting Market Export to Major Countries |
7.2 Lithuania Wind Turbine Casting Market Imports from Major Countries |
8 Lithuania Wind Turbine Casting Market Key Performance Indicators |
8.1 Capacity utilization rate of wind turbine casting facilities in Lithuania. |
8.2 Average cost per unit of wind turbine casting production. |
8.3 Rate of adoption of advanced materials and manufacturing techniques in wind turbine casting industry. |
8.4 Number of new wind energy projects announced or approved in Lithuania. |
8.5 Percentage of energy generated from wind power in Lithuania's overall energy mix. |
9 Lithuania Wind Turbine Casting Market - Opportunity Assessment |
9.1 Lithuania Wind Turbine Casting Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Lithuania Wind Turbine Casting Market Opportunity Assessment, By Casting Technology, 2021 & 2031F |
9.3 Lithuania Wind Turbine Casting Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Lithuania Wind Turbine Casting Market - Competitive Landscape |
10.1 Lithuania Wind Turbine Casting Market Revenue Share, By Companies, 2024 |
10.2 Lithuania Wind Turbine Casting Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |