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DATE
JULY 2020
TABLES
60
PAGES
188
EDITION
20
PRICE
USD $5600
The World of Turbines is Changing Fast!
It's Time to Identify Upcoming Revenue Pockets & Growth Areas.
Amid the COVID-19 crisis, the global market for Turbines estimated at 252.8 Thousand Megawatts in the year 2020, is projected to reach a revised size of 315.7 Thousand Megawatts by 2027, growing at a CAGR of 3.2% over the analysis period 2020-2027. Steam Turbines, one of the segments analyzed in the report, is projected to record a -3.6% CAGR and reach 68.5 Thousand Megawatts by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Wind Turbines segment is readjusted to a revised 8.1% CAGR for the next 7-year period.
The Turbines market in the U.S. is estimated at 74 Thousand Megawatts in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 57.6 Thousand Megawatts by the year 2027 trailing a CAGR of 3.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 3.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.
In the global Gas Turbines segment, USA, Canada, Japan, China and Europe will drive the 3% CAGR estimated for this segment. These regional markets accounting for a combined market size of 37 Thousand Megawatts in the year 2020 will reach a projected size of 45.5 Thousand Megawatts by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 36.3 Thousand Megawatts by the year 2027.We bring years of research experience to this 20th edition of our report. The 188-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
ABB Limited; Acciona Energia SA; Andritz AG; Ansaldo Energia SpA; Caterpillar, Inc.; Dongfang Electric Corporation Limited; Doosan Power Systems Holdings Limited; ENERCON GmbH; GE Grid Solutions, LLC; GE Power & Water; General Electric Company; GuoDian United Power Technology Company Ltd.; Harbin Turbine Company Limited; Mitsubishi Hitachi Power Systems, Ltd.; Nordex SE; Senvion SA; Shanghai Electric Group Company Limited; Siemens AG; Siemens Gamesa Renewable Energy, S.A.; Vestas Wind Systems A/S; Voith GmbH & Co. KGaA; Xinjiang GoldWind Science & Technology Co., Ltd.
» Product Segment (Steam Turbines, Wind Turbines, Gas Turbines, Other Segments)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World
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05
| I. INTRODUCTION, METHODOLOGY & REPORT SCOPE |
| II. EXECUTIVE SUMMARY |
| 1. MARKET OVERVIEW |
| Turbines: Enhancing the Performance of Power Generation |
| Disruptive Effect of Renewable Energy on the Traditional Electricity System: The Fundamental Growth Driver |
| Recent Market Activity |
| Factors Disrupting the Global Energy Market |
| Smart Solutions to Mitigate Issues |
| Rising Share of Renewable Sources in Energy Generation Portfolio |
| Growing Number of Renewable Energy Projects Undertaken Worldwide |
| Declining Cost of Wind and Solar Power Make Renewables an Integral Part of Energy Portfolio |
| Escalating Climate Change Adds Urgency to the Renewable Energy Revolution |
| Despite Decline in Renewable Investments, Outlook for Turbines Remains Bright |
| Global Market Outlook |
| Improving Economy Signals Market Growth Opportunities |
| Global Competitor Market Shares |
| Turbines Competitor Market Share Scenario Worldwide (in %): 2018 & 2029 |
| Impact of Covid-19 and a Looming Global Recession |
| 2. FOCUS ON SELECT PLAYERS |
| ABB Limited (Switzerland) |
| ACCIONA Windpower S.A. (Spain) |
| Andritz AG (Austria) |
| Ansaldo Energia SpA (Italy) |
| Bharat Heavy Electricals Limited (India) |
| Caterpillar, Inc. (USA) |
| Clipper Windpower, LLC (USA) |
| DeWind Inc. (USA) |
| Dongfang Electric Corporation Limited (China) |
| Doosan Power Systems Holdings Limited (UK) |
| ENERCON GmbH (Germany) |
| Envision Energy Limited (China) |
| General Electric Company (USA) |
| GE Grid Solutions, LLC (USA) |
| GE Wind Energy, LLC (USA) |
| GE Power & Water (USA) |
| GuoDian United Power Technology Company Ltd. (China) |
| Harbin Turbine Company Limited (China) |
| JFE Holdings, Inc., (Japan) |
| Mitsubishi Hitachi Power Systems, Ltd. (MHPS) (Japan) |
| Nordex SE (Germany) |
| Senvion SA (Germany) |
| Shanghai Electric Group Company Limited (China) |
| Shin Nippon Machinery Co., Ltd. (Japan) |
| Siemens AG (Germany) |
| Siemens Gamesa Renewable Energy, S.A.(Spain) |
| Suzlon Energy Limited (India) |
| Toshiba Corporation (Japan) |
| Vestas Wind Systems A/S (Denmark) |
| Voith GmbH & Co. KGaA (Germany) |
| Xinjiang GoldWind Science & Technology Co., Ltd. (China) |
| VENSYS Energy AG (Germany) |
| 3. MARKET TRENDS & DRIVERS |
| Surging Energy Consumption and the Resulting Rise in Power Generation Drive Healthy Market Growth |
| Surge in Number of Wind Farms Worldwide Benefit Demand for Wind Turbines |
| Bright Outlook for Offshore Wind Generation Spurs Market Demand |
| Offshore Wind Energy Touted to Change the Future of Energy Generation |
| Demand for Hybrid Power Wind Turbines on the Rise |
| Rising Popularity of Small Wind Turbines Bodes Well for Market Growth |
| Key Challenges Hampering Wind Energy Generation |
| Growing Prominence of Distributed Power |
| Generation Benefits Market Prospects for Combustion Turbines |
| Distributed Power Technologies: Brief Details on Power Technology, Size Range, Power Efficiency Range, Fuel Options and Applications |
| Micro and Mini Turbines Traverse Troughs and Crests |
| Micro Turbines Witness Increasing Deployment in Distributed Energy Generation |
| Advantages of Microturbines |
| Applications of Microturbines |
| Despite Coal-Fired Thermal Power Dominance, Several Issues Hamper Market Prospects for Steam Turbines |
| Steam Turbine Manufacturers Focus on Improving Turbine Designs for Increased Efficiencies |
| Growing Production & Supply of Natural Gas Drive Growth in Demand for Gas Turbines |
| Emergence of Shale Gas as a Viable Energy Source Generates Opportunities for Gas Turbines |
| Electric Motors: A Rising Threat to Gas Turbines |
| Syngas Holds Potential to Emerge as Superior Alternative to Natural Gas in Turbines |
| Untapped Kinetic Energy Potential of Oceans Offer Huge Untapped Potential |
| Developing Countries Offer Significant Market Growth Opportunities |
| China: Growth Engine for the Global Turbines Market |
| Liberalization and Privatization in Developing Countries Augurs Well for Market Expansion |
| Exponential Increase in Global Population & Urbanization Rate: A Mega Trend Strengthening Market Prospects |
| Innovative Wind Turbine Blade Tips Set to Lower Energy Cost |
| High Flying Turbines: A Major Breakthrough for Harnessing More Wind Power |
| Liquid CO2 Turbines to Improve Power Generation Efficiency |
| Advanced Algorithm Enhances Small Wind Turbines' Efficiency |
| Advanced Robot Systems for Examining Wind Turbine Rotor Blades |
| Recent Innovations in Offshore Wind Farms |
| Geared-Wind Turbines |
| SATH©-Floating Solution for Offshore-Wind Farms |
| Remote Monitoring of Wind Turbines |
| Other Advancements and Improvements in Wind Energy |
| Gas Turbines: Innovations and Advancements |
| Siemens Develop Advanced Gas Turbine Technology |
| Developments Related to Enhanced Gas Turbine Productivity |
| Hydrogen Turbines |
| Advanced Combustion Turbines |
| The University Turbine Systems Research Program (UTSR) |
| Selective Laser Melting |
| 3D Printing Set to Revolutionize Gas Turbine Manufacturing |
| Tomo-Lithographic Molding |
| 4. GLOBAL MARKET PERSPECTIVE |
| Turbines Global Market Estimates and Forecasts in Megawatts by Region/Country: 2018-2025 |
| Turbines Global Retrospective Market Scenario in Megawatts by Region/Country: 2009-2017 |
| Turbines Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025 |
| Steam Turbines (Product Segment) World Market by Region/Country in Megawatts: 2018 to 2025 |
| Steam Turbines (Product Segment) Historic Market Analysis by Region/Country in Megawatts: 2009 to 2017 |
| Steam Turbines (Product Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2009 VS 2019 VS 2025 |
| Wind Turbines (Product Segment) Potential Growth Markets Worldwide in Megawatts: 2018 to 2025 |
| Wind Turbines (Product Segment) Historic Market Perspective by Region/Country in Megawatts: 2009 to 2017 |
| Wind Turbines (Product Segment) Market Sales Breakdown by Region/Country in Percentage: 2009 VS 2019 VS 2025 |
| Gas Turbines (Product Segment) Geographic Market Spread Worldwide in Megawatts: 2018 to 2025 |
| Gas Turbines (Product Segment) Region Wise Breakdown of Global Historic Demand in Megawatts: 2009 to 2017 |
| Gas Turbines (Product Segment) Market Share Distribution in Percentage by Region/Country: 2009 VS 2019 VS 2025 |
| Other Segments (Product Segment) World Market Estimates and Forecasts by Region/Country in Megawatts: 2018 to 2025 |
| Other Segments (Product Segment) Market Historic Review by Region/Country in Megawatts: 2009 to 2017 |
| Other Segments (Product Segment) Market Share Breakdown by Region/Country: 2009 VS 2019 VS 2025 |
| Global Market Outlook |
| III. MARKET ANALYSIS |
| GEOGRAPHIC MARKET ANALYSIS |
| United States |
| Market Facts & Figures |
| US Turbines Market Share (in %) by Company: 2018 & 2025 |
| United States Turbines Market Estimates and Projections in Megawatts by Product Segment: 2018 to 2025 |
| Turbines Market in the United States by Product Segment: A Historic Review in Megawatts for 2009-2017 |
| United States Turbines Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025 |
| Canada |
| Canadian Turbines Market Estimates and Forecasts in Megawatts by Product Segment: 2018 to 2025 |
| Canadian Turbines Historic Market Review by Product Segment in Megawatts: 2009-2017 |
| Turbines Market in Canada: Percentage Share Breakdown of Sales by Product Segment for 2009, 2019, and 2025 |
| Japan |
| Japanese Market for Turbines: Annual Sales Estimates and Projections in Megawatts by Product Segment for the Period 2018-2025 |
| Turbines Market in Japan: Historic Sales Analysis in Megawatts by Product Segment for the Period 2009-2017 |
| Japanese Turbines Market Share Analysis by Product Segment: 2009 VS 2019 VS 2025 |
| China |
| Chinese Turbines Market Growth Prospects in Megawatts by Product Segment for the Period 2018-2025 |
| Turbines Historic Market Analysis in China in Megawatts by Product Segment: 2009-2017 |
| Chinese Turbines Market by Product Segment: Percentage Breakdown of Sales for 2009, 2019, and 2025 |
| Europe |
| Market Facts & Figures |
| European Turbines Market: Competitor Market Share Scenario (in %) for 2018 & 2025 |
| European Turbines Market Demand Scenario in Megawatts by Region/Country: 2018-2025 |
| Turbines Market in Europe: A Historic Market Perspective in Megawatts by Region/Country for the Period 2009-2017 |
| European Turbines Market Share Shift by Region/Country: 2009 VS 2019 VS 2025 |
| European Turbines Market Estimates and Forecasts in Megawatts by Product Segment: 2018-2025 |
| Turbines Market in Europe in Megawatts by Product Segment: A Historic Review for the Period 2009-2017 |
| European Turbines Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025 |
| France |
| Turbines Market in France by Product Segment: Estimates and Projections in Megawatts for the Period 2018-2025 |
| French Turbines Historic Market Scenario in Megawatts by Product Segment: 2009-2017 |
| French Turbines Market Share Analysis by Product Segment: 2009 VS 2019 VS 2025 |
| Germany |
| Turbines Market in Germany: Recent Past, Current and Future Analysis in Megawatts by Product Segment for the Period 2018-2025 |
| German Turbines Historic Market Analysis in Megawatts by Product Segment: 2009-2017 |
| German Turbines Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025 |
| Italy |
| Italian Turbines Market Growth Prospects in Megawatts by Product Segment for the Period 2018-2025 |
| Turbines Historic Market Analysis in Italy in Megawatts by Product Segment: 2009-2017 |
| Italian Turbines Market by Product Segment: Percentage Breakdown of Sales for 2009, 2019, and 2025 |
| United Kingdom |
| United Kingdom Market for Turbines: Annual Sales Estimates and Projections in Megawatts by Product Segment for the Period 2018-2025 |
| Turbines Market in the United Kingdom: Historic Sales Analysis in Megawatts by Product Segment for the Period 2009-2017 |
| United Kingdom Turbines Market Share Analysis by Product Segment: 2009 VS 2019 VS 2025 |
| Rest of Europe |
| Rest of Europe Turbines Market Estimates and Forecasts in Megawatts by Product Segment: 2018-2025 |
| Turbines Market in Rest of Europe in Megawatts by Product Segment: A Historic Review for the Period 2009-2017 |
| Rest of Europe Turbines Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025 |
| Asia-Pacific |
| Turbines Market in Asia-Pacific by Product Segment: Estimates and Projections in Megawatts for the Period 2018-2025 |
| Asia-Pacific Turbines Historic Market Scenario in Megawatts by Product Segment: 2009-2017 |
| Asia-Pacific Turbines Market Share Analysis by Product Segment: 2009 VS 2019 VS 2025 |
| Rest of World |
| Rest of World Turbines Market Estimates and Forecasts in Megawatts by Product Segment: 2018 to 2025 |
| Rest of World Turbines Historic Market Review by Product Segment in Megawatts: 2009-2017 |
| Turbines Market in Rest of World: Percentage Share Breakdown of Sales by Product Segment for 2009, 2019, and 2025 |
| IV. COMPETITION |
| Total Companies Profiled : 122 Click here to request a full table of contents and more details on this project. |
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