Turbines

Global Market Trajectory & Analytics

MCP-2579

EXECUTIVE ENGAGEMENTS

OUTREACH

18073
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

1807
Interactions with Platform & by Email

PARTICIPANTS

361
Unique # Participated

VALIDATIONS

162
Responses Validated*

COMPETITORS

98
Responses Validated*
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DATE

APR 2021

TABLES

60

PAGES

188

EDITION

20

PRICE

USD $5600


  

HIGHLIGHTS

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.

SELECT PLAYERS

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.

SEGMENTS

» Product Segment (Steam Turbines, Wind Turbines, Gas Turbines, Other Segments)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
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
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
World Current & Future Analysis for Turbines by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Megawatts for Years 2020 through 2027 and % CAGR
World Historic Review for Turbines by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Turbines by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2020 & 2027
World Current & Future Analysis for Steam Turbines by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Megawatts for Years 2020 through 2027 and % CAGR
World Historic Review for Steam Turbines by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Steam Turbines by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
World Current & Future Analysis for Wind Turbines by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Megawatts for Years 2020 through 2027 and % CAGR
World Historic Review for Wind Turbines by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Wind Turbines by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
World Current & Future Analysis for Gas Turbines by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Megawatts for Years 2020 through 2027 and % CAGR
World Historic Review for Gas Turbines by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Gas Turbines by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
World Current & Future Analysis for Other Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Megawatts for Years 2020 through 2027 and % CAGR
World Historic Review for Other Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Other Segments by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
Global Market Outlook
UNITED STATES
USA Current & Future Analysis for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
USA Historic Review for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
USA 15-Year Perspective for Turbines by Product Segment - Percentage Breakdown of Value Sales for Steam Turbines, Wind Turbines, Gas Turbines and Other Segments for the Years 2012, 2020 & 2027
CANADA
Canada Current & Future Analysis for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Canada Historic Review for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
Canada 15-Year Perspective for Turbines by Product Segment - Percentage Breakdown of Value Sales for Steam Turbines, Wind Turbines, Gas Turbines and Other Segments for the Years 2012, 2020 & 2027
JAPAN
Japan Current & Future Analysis for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Japan Historic Review for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
Japan 15-Year Perspective for Turbines by Product Segment - Percentage Breakdown of Value Sales for Steam Turbines, Wind Turbines, Gas Turbines and Other Segments for the Years 2012, 2020 & 2027
CHINA
China Current & Future Analysis for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
China Historic Review for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
China 15-Year Perspective for Turbines by Product Segment - Percentage Breakdown of Value Sales for Steam Turbines, Wind Turbines, Gas Turbines and Other Segments for the Years 2012, 2020 & 2027
EUROPE
Europe Current & Future Analysis for Turbines by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in Megawatts for Years 2020 through 2027 and % CAGR
Europe Historic Review for Turbines by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
Europe 15-Year Perspective for Turbines by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2020 & 2027
Europe Current & Future Analysis for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Europe Historic Review for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
Europe 15-Year Perspective for Turbines by Product Segment - Percentage Breakdown of Value Sales for Steam Turbines, Wind Turbines, Gas Turbines and Other Segments for the Years 2012, 2020 & 2027
FRANCE
France Current & Future Analysis for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
France Historic Review for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
France 15-Year Perspective for Turbines by Product Segment - Percentage Breakdown of Value Sales for Steam Turbines, Wind Turbines, Gas Turbines and Other Segments for the Years 2012, 2020 & 2027
GERMANY
Germany Current & Future Analysis for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Germany Historic Review for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
Germany 15-Year Perspective for Turbines by Product Segment - Percentage Breakdown of Value Sales for Steam Turbines, Wind Turbines, Gas Turbines and Other Segments for the Years 2012, 2020 & 2027
ITALY
Italy Current & Future Analysis for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Italy Historic Review for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
Italy 15-Year Perspective for Turbines by Product Segment - Percentage Breakdown of Value Sales for Steam Turbines, Wind Turbines, Gas Turbines and Other Segments for the Years 2012, 2020 & 2027
UNITED KINGDOM
UK Current & Future Analysis for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
UK Historic Review for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
UK 15-Year Perspective for Turbines by Product Segment - Percentage Breakdown of Value Sales for Steam Turbines, Wind Turbines, Gas Turbines and Other Segments for the Years 2012, 2020 & 2027
REST OF EUROPE
Rest of Europe Current & Future Analysis for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Rest of Europe Historic Review for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
Rest of Europe 15-Year Perspective for Turbines by Product Segment - Percentage Breakdown of Value Sales for Steam Turbines, Wind Turbines, Gas Turbines and Other Segments for the Years 2012, 2020 & 2027
ASIA-PACIFIC
Asia-Pacific Current & Future Analysis for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Asia-Pacific Historic Review for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
Asia-Pacific 15-Year Perspective for Turbines by Product Segment - Percentage Breakdown of Value Sales for Steam Turbines, Wind Turbines, Gas Turbines and Other Segments for the Years 2012, 2020 & 2027
REST OF WORLD
Rest of World Current & Future Analysis for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Rest of World Historic Review for Turbines by Product Segment - Steam Turbines, Wind Turbines, Gas Turbines and Other Segments Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
Rest of World 15-Year Perspective for Turbines by Product Segment - Percentage Breakdown of Value Sales for Steam Turbines, Wind Turbines, Gas Turbines and Other Segments for the Years 2012, 2020 & 2027
Total Companies Profiled: 98

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