Energy Sector Investment Casting: Nuclear and Gas Turbine Demand Fuels Growth
The energy and power sector is emerging as a fast-growing market for investment casting, projected to expand at 5.63% CAGR through 2030. Demand is driven by global energy transition efforts, including new nuclear power projects and gas turbine development. High-temperature, corrosion-resistant castings are critical for these applications, where reliability and durability are non-negotiable.
Fourth-generation nuclear projects and new power system construction in China are boosting demand for precision cast components. Industrial gas turbines (IGTs) also drive growth, though demand may normalize in 2025 as power sector investment stabilizes. Long-term prospects remain strong, with AI-driven data centers increasing demand for efficient, dispatchable energy sources.
Investment casting’s ability to produce complex, near-net-shape parts reduces machining needs and improves energy efficiency. Manufacturers are developing advanced alloys and ceramic shell systems to meet the sector’s stringent requirements. As the world transitions to low-carbon energy, investment casting will play a vital role in enabling next-generation energy infrastructure.
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