• The global market for turbine and turbine generator set units manufacturing reached $110.7 billion in 2016. The market should reach $181.8 billion by 2020, growing at a compound annual growth rate (CAGR) of 13.2% from 2016 to 2020.
• Asia-Pacific market for turbine and turbine generator set units manufacturing reached $42.2 billion in 2016. The market should reach $77.4 billion by 2020, growing at a CAGR of 16.4% from 2016 to 2020.
• Western Europe market for turbine and turbine generator set units manufacturing reached $31.6 billion in 2016. The market should reach $47.1 billion by 2020, growing at a CAGR of 10.5% from 2016 to 2020.
Chapter 1: Introduction BCC Research’s goal in performing this study was to determine the global market and future demand growth for turbine and turbine generator set units manufacturing over the five-year period from 2016 through 2020. Of particular focus was characterizing and quantifying the potential of the market for turbine and turbine generator set units manufacturing by geography, and product (i.e., steam and gas turbine, wind turbine, and hydro turbine).
The report also evaluates the market across each geography. Opportunities in each type of geography have been discussed in detail. Factors that affect the market such as drivers, restraints, and trends have been discussed. The key objective was to present a comprehensive discussion of where the state-of-theart is in turbine and turbine generator set units manufacturing and forecast the future commercial potential for the key market segments.
This discussion provides a basis for companies to make strategic choices about developing new products and markets or deciding which applications are needed in their organizations. The study will benefit turbine and turbine generator set units manufacturers, providers of raw materials, users of turbine and turbine generator set units, power generation companies, governments around the world, and others.
Study Goals and Objectives • To sum up the global turbine and turbine generator set units manufacturing market size.
• To estimate the growth rate of the global turbine and turbine generator set units manufacturing market.
• To segment the market in the deepest possible way.
• To provide market numbers and growth rates at geographically.
• To identify major drivers and restraints.
• To identify key trends and technology updates in the field.
Reasons for Doing This Study Increasing awareness on harmful effects of nitrogen oxide, sulfur oxide and fly ash emitted from thermal power plants among millennials has led to increasing demand for power generated from renewable sources and natural gas globally. Global industry leaders and large organizations see an expanded role for decreasing costs of wind turbines, hybrid wind-hydro turbines, and 3D printing for turbine components in the turbine and turbine generator set units manufacturing industry.
The global turbine and turbine generator set units manufacturing market is growing due to advancements in wind turbine manufacturing, including advances in technological advancements such as big data analytics, IoT and cloud computing. The growth is also stimulated by social media platforms and digital marketing technologies that are aiding turbine and turbine generators manufacturers to promote their services to diverse customers across the world. These factors are expected to drive the turbine and turbine generator set units manufacturing market.
The market for turbine and turbine generator set units manufacturing is concentrated with a few large players, dominating the market. Major players in the market include General Electric Company, Siemens AG, Vestas Wind Systems A/S, and others.
Scope of Report This research report categorizes the turbine and turbine generator set units manufacturing market by type. Product type include steam and gas turbine, wind turbine, and hydro turbine.
Information Sources • Public information via annual reports to shareholders as well as other government reports that are available for public review.
• Company marketing information, advertising, company press releases, state and local news sources, and subscription-based information.
• Online research including third-party references.
• Trade associations, directories and publications.
• Telephone interviews with both current customers and prospects.
• Various private industry sources.
Methodology Research methodology followed in this report is a top-down approach. Various sources were used to arrive at the total market figure, which was broken down into various applications and sub markets based on primary and secondary data. Both a quantitative and qualitative approaches were used to derive the market size and growth rates. Many secondary sources were reviewed and extensive primary research was conducted with key opinion leaders, marketing managers, product managers and end users.
Market numbers have been calculated in constant U.S. dollars.
In this report, the geographic regions considered for market analysis include, and only include: • Asia-Pacific
• North America
• South America
• Western Europe
• Eastern Europe
• Middle East
Turbine and Turbine Generators Set Units Manufacturing, by Segment Steam and Gas Turbine Wind Turbine Hydro Turbine
Turbine and Turbine Generators Set Units Manufacturing, by Region Asia-Pacific North America South America Western Europe Eastern Europe Middle East Africa
Chapter 2: Summary and Highlights Global turbine and turbine generator set units manufacturing market is currently in a very crucial phase of transformation. There is mounting pressure to reduce costs, improve quality and satisfy customers as it has been moving from a provider-driven model to a consumer-driven model. At the same time, emerging markets growth, low oil and gas prices, and technology development are driving the demand for turbine and turbine generator set units. In addition, rapid pace of electrification and power generation capacities in South Asian and African countries has stimulated the demand for electricity. These factors are, in turn, generating demand for turbine and turbine generator set units to meet high expectations.
The market for turbine and turbine generator set units manufacturing reached a value of nearly $111 billion in 2016 and is expected to grow at a compound annual growth rate (CAGR) of 13.2% to nearly $182 billion by 2020.
The market for turbine and turbine generator set units manufacturing is somewhat concentrated with a few large players dominating the market. Major players in the market are General Electric Company, Siemens AG, Vestas Wind Systems A/S, among others.
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