With the acceleration of the global energy structure’s transition towards green and low-carbon, wind power, as a mature and economically prominent form of renewable energy, is entering an explosive growth period. According to the International Energy Agency (IEA), the global wind power installed capacity will reach 112GW in 2024, of which China will contribute 58GW, accounting for over 51%; Offshore wind power has become a new growth engine, with a total of 22GW of new installed capacity added throughout the year, a year-on-year increase of 47% compared to 2023. On the policy side, China’s “14th Five Year Plan” for the modern energy system clearly states that the proportion of non fossil energy consumption will reach 20% by 2025, and the EU’s “Green New Deal” proposes to increase the proportion of renewable energy to 40% by 2030. Global energy transformation policies provide solid support for the wind power industry, and the market demand for ultra large wind power bolts, which are the core connectors of wind turbines, has also entered the “fast lane” – the global wind power fastener market size has reached 8.3 billion US dollars in 2024, and is expected to exceed 15.5 billion US dollars by 2030, with a compound annual growth rate of 11.2%.
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