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Turbines - Global Strategic Business Report

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    Report

  • 504 Pages
  • November 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338717
Description Jump to:
The global market for Turbines is estimated at US$127.7 Billion in 2023 and is projected to reach US$187.0 Billion by 2030, growing at a CAGR of 5.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the turbine market is driven by several factors. Firstly, the surge in demand for renewable energy has significantly boosted the wind turbine market, driven by government incentives, advancements in turbine technology, and increased environmental awareness among consumers. The market for steam turbines remains strong due to the shift towards cleaner energy sources like natural gas and the continued use of nuclear power. Advances in materials and design have enhanced their efficiency and reduced operational costs. Gas turbines benefit from increased natural gas production, particularly from shale reserves, leading to more natural gas-fired power plants. The aviation industry`s expansion, fueled by rising air travel demand, has led to advancements in gas turbine technology, improving fuel efficiency and reducing emissions. Consumer trends towards eco-friendly and sustainable energy solutions further accelerate the adoption of these technologies. Overall, the turbine market`s growth is driven by technological innovations, evolving energy policies, and changing consumer preferences, creating a dynamic and rapidly evolving industry landscape.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Wind Turbines segment, which is expected to reach US$91.4 Billion by 2030 with a CAGR of a 8.6%. The Gas Turbines segment is also set to grow at 4.1% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $19.5 Billion in 2023, and China, forecasted to grow at an impressive 7.4% CAGR to reach $60.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Turbines Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Turbines Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Turbines Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as ABB Limited, Acciona Energia SA, Andritz AG, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 169 Featured):

  • 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.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Turbines: Enhancing the Performance of Power Generation
  • Global Turbines Market Capacity in Megaawatts for the Years 2022 and 2024E
  • A Prelude to Turbines: The Energy Generators
  • Global Turbines Market Looks Forward to a Gust of Energetic Growth: Prospects & Outlook
  • Dynamic Factors Turbocharging Growth of Global Turbine Market
  • Global Economic Update
  • Economic Frontiers: Trends, Trials & Transformations
  • In a World Torn by Geopolitical Instability & War, Steadfastness of Global GDP Becomes Increasingly UnpredicTable Given the Many Direct and Indirect Economic Repercussions: World Economic Growth Projections (Real Gross Domestic Product (GDP), Annual % Change) for the Years 2022 Through 2025
  • All Eyes on Global Inflation, the Main Risk Factor in Global Markets: Global Headline Inflation Rates (In %) for the Years 2019 through 2025
  • With Oil Prices Influencing the Rate of inflation, it Remains the Most Watched Commodity in Global Markets: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2019 through 2025
  • Regional Analysis
  • Turbines Market: Insights into US Regulatory Regime
  • Competitive Scenario
  • Select Innovations
  • Turbines - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Disruptive Effect of Renewable Energy on the Traditional Electricity System: The Fundamental Growth Driver
  • Factors Disrupting the Global Energy Market
  • Smart Solutions to Mitigate Issues
  • Rising Share of Renewable Sources in Energy Generation Portfolio
  • Percentage Breakdown of World Energy Production by Energy Source for the Years 2020, 2030 and 2040
  • Declining Cost of Wind and Solar Power Make Renewables an Integral Part of Energy Portfolio
  • Global Levelized Cost of Energy Storage Technologies in Utilities (In US$ Per MWh) by Type for the Years 2015 and 2030
  • Recent Market Activity
  • Influencer Market Insights
  • Select Global Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Electricity Demand Patterns to Drive Growth for Energy Sector: Turbines Market to Gain Momentum
  • Projected Global Demand for Electricity (MWh): 2015, 2025, & 2035
  • Change in Gross Electricity Demand in TWh for 2017-50
  • Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
  • Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
  • Estimated Global Power Generation Infrastructure Requirement (in US$ Billion) for China, India, Latin America, and North America over the Period 2010-2030
  • Energy Sector: Pandemic Brings Numerous Challenges to the Turbines Market
  • Global Energy Market Growth Outlook (In %) for Years 2019 through 2025
  • Opportunities for the Power & Energy Sector in the Post-Pandemic Era
  • Harnessing the Ancient Power of the Wind, a Force that Shaped Our History and Now Guiding Our Quest for Sustainable Energy
  • Without Ingenious Machinery like Turbines at its heart, the Clean Energy Transition Will Fail: Global Clean Energy Investments (In US$ Billion) for Years 2017, 2019, 2021, 2023, 2024 and 2030
  • An Engineering Feat at the Heart of Wind Energy Are Turbines & Rotor Blades
  • Surge in Number of Wind Farms Worldwide Benefit Demand for Wind Turbines
  • Strong Investments in Wind Energy Provides the Launchpad for the Growth of Wind Turbines
  • Massive Volumes of Installed Capacity Needed to Meet the Ambitious Wind Goals Ensures a Strong Decade Ahead for Wind Turbines: Global Cumulative Wind Energy Installations Needed to Meet Net Zero Goals by 2050 (In GW) for Years 2024, 2026, 2028 and 2030
  • Offshore Wind Energy Touted to Change the Future of Energy Generation
  • Rising Popularity of Small Wind Turbines Bodes Well for Market Growth
  • Rotor Blades Get Bigger, Bigger & Bigger. Here We Unravel the Engineering Rationale Behind the Trend
  • Taller Turbine Towers & Longer Blades are Set to Capture More Energy: Wind Turbine Capacity (In MW), Hub Height (In Feet), and Rotor Diameter (In Feet) for Years 1990, 2000, 2010, 2020 and 2035
  • New Developments in Carbon-Fiber-Reinforced Polymers as Evidenced by the Growing Market for Carbon Fibre Composites Bodes Well for Development of Innovative Carbon Fiber Based Turbine Blades: Global Market for Carbon Fiber Composites (In US$ Billion) for Years 2023, 2025, 2027, 2029 & 2031
  • Bladeless Turbines Raises Excitement Levels in the Wind Turbines Space
  • Wind Arena Witnesses Winds of Change with Turbine Standardization & Modularization
  • Wind Energy Industry Runs Like a Wind with Tapered Roller Bearings for Turbines
  • Growing Prominence of Distributed Power Generation Benefits Market Prospects for Combustion Turbines
  • Micro Turbines Witness Increasing Deployment in Distributed Energy Generation
  • Despite Coal-Fired Thermal Power Dominance, Several Issues Hamper Market Prospects for Steam Turbines
  • Global Electricity Supply by Source (2015 & 2040): Percentage Breakdown of Net Delivered Electricity (TWh) for Coal, Natural Gas, Nuclear, Oil, Wind/Solar, and Other Renewables
  • Steam Turbine Manufacturers Focus on Improving Turbine Designs for Increased Efficiencies
  • Turbines Market Hits the Gas Pedal with Remarkable Growth of Gas Turbine Industry
  • Dynamic Factors Shaping Future Trajectory of Global Gas Turbine Industry
  • 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
  • Technically Recoverable Shale Gas by Geographic Region
  • Electric Motors: A Rising Threat to Gas Turbines?
  • Exponential Increase in Global Population & Urbanization Rate: A Mega Trend Strengthening Market Prospects
  • Rapid Urbanization: A Mega Growth Driver for Energy Sector and Turbines
  • World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, and 2050
  • World Urban Population in Million and as Percentage of Total Population for the Period 1950-2050
  • World Population Urbanization Rate (%) by Region/Country: 2016 & 2040
  • Smart Cities & Smart Grids Elevate the Prospects for Energy Sector and Turbines
  • Global Smart Grid Market (In US$ Billion) for Years 2021, 2023, 2025 and 2027
  • Global Market for Smart Grids (in US$ Billion) for the Years 2020
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Turbines Market Analysis of Annual Sales in US$ Million for Years 2016 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Turbines by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Turbines by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 4: World 14-Year Perspective for Turbines by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 2016, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Wind Turbines by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Wind Turbines by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 7: World 14-Year Perspective for Wind Turbines by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2016, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Gas Turbines by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Gas Turbines by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 10: World 14-Year Perspective for Gas Turbines by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2016, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Steam Turbines by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Steam Turbines by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 13: World 14-Year Perspective for Steam Turbines by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2016, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 16: World 14-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2016, 2024 & 2030
  • Global Market Outlook
III. MARKET ANALYSIS
UNITED STATES
  • Turbines Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Continued Improvements in Performance and Reliability of Wind Turbines Benefit Market Adoption
  • Transition from Coal to Natural Gas in Power Generation Sector Fuel Market Demand
  • Shale Gas Discoveries to Boost Demand for Gas Turbines
  • Technology Advancements to Improve Performance and Efficiency of Gas Turbines
  • Table 17: USA Recent Past, Current & Future Analysis for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 18: USA Historic Review for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 19: USA 14-Year Perspective for Turbines by Type - Percentage Breakdown of Value Sales for Wind Turbines, Gas Turbines, Steam Turbines and Other Types for the Years 2016, 2024 & 2030
CANADA
  • Turbines Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Canada for 2024 (E)
  • Table 20: Canada Recent Past, Current & Future Analysis for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 21: Canada Historic Review for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 22: Canada 14-Year Perspective for Turbines by Type - Percentage Breakdown of Value Sales for Wind Turbines, Gas Turbines, Steam Turbines and Other Types for the Years 2016, 2024 & 2030
JAPAN
  • Turbines Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Table 23: Japan Recent Past, Current & Future Analysis for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 24: Japan Historic Review for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 25: Japan 14-Year Perspective for Turbines by Type - Percentage Breakdown of Value Sales for Wind Turbines, Gas Turbines, Steam Turbines and Other Types for the Years 2016, 2024 & 2030
CHINA
  • Turbines Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Market Overview
  • Table 26: China Recent Past, Current & Future Analysis for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 27: China Historic Review for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 28: China 14-Year Perspective for Turbines by Type - Percentage Breakdown of Value Sales for Wind Turbines, Gas Turbines, Steam Turbines and Other Types for the Years 2016, 2024 & 2030
EUROPE
  • Turbines Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Europe: A Matured yet Growing Market for Turbines
  • Europe: The Largest Producer of Wind Energy Witness Increasing Demand for Wind Turbines
  • Gearbox and Geared Motor Makers Invest in Technology Development
  • European Market for Micro and Mini Turbines
  • Table 29: Europe Recent Past, Current & Future Analysis for Turbines by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 30: Europe Historic Review for Turbines by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 31: Europe 14-Year Perspective for Turbines by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2016, 2024 & 2030
  • Table 32: Europe Recent Past, Current & Future Analysis for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 33: Europe Historic Review for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 34: Europe 14-Year Perspective for Turbines by Type - Percentage Breakdown of Value Sales for Wind Turbines, Gas Turbines, Steam Turbines and Other Types for the Years 2016, 2024 & 2030
FRANCE
  • Table 35: France Recent Past, Current & Future Analysis for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 36: France Historic Review for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 37: France 14-Year Perspective for Turbines by Type - Percentage Breakdown of Value Sales for Wind Turbines, Gas Turbines, Steam Turbines and Other Types for the Years 2016, 2024 & 2030
GERMANY
  • Table 38: Germany Recent Past, Current & Future Analysis for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 39: Germany Historic Review for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 40: Germany 14-Year Perspective for Turbines by Type - Percentage Breakdown of Value Sales for Wind Turbines, Gas Turbines, Steam Turbines and Other Types for the Years 2016, 2024 & 2030
ITALY
  • Table 41: Italy Recent Past, Current & Future Analysis for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 42: Italy Historic Review for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 43: Italy 14-Year Perspective for Turbines by Type - Percentage Breakdown of Value Sales for Wind Turbines, Gas Turbines, Steam Turbines and Other Types for the Years 2016, 2024 & 2030
UNITED KINGDOM
  • Rapid Growth in the Wind Energy Sector and Turbine Advancements Drive Market Demand
  • Small Wind Turbine Market Exhibits Healthy Growth
  • Table 44: UK Recent Past, Current & Future Analysis for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 45: UK Historic Review for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 46: UK 14-Year Perspective for Turbines by Type - Percentage Breakdown of Value Sales for Wind Turbines, Gas Turbines, Steam Turbines and Other Types for the Years 2016, 2024 & 2030
SPAIN
  • Table 47: Spain Recent Past, Current & Future Analysis for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 48: Spain Historic Review for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 49: Spain 14-Year Perspective for Turbines by Type - Percentage Breakdown of Value Sales for Wind Turbines, Gas Turbines, Steam Turbines and Other Types for the Years 2016, 2024 & 2030
RUSSIA
  • Table 50: Russia Recent Past, Current & Future Analysis for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 51: Russia Historic Review for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 52: Russia 14-Year Perspective for Turbines by Type - Percentage Breakdown of Value Sales for Wind Turbines, Gas Turbines, Steam Turbines and Other Types for the Years 2016, 2024 & 2030
REST OF EUROPE
  • Table 53: Rest of Europe Recent Past, Current & Future Analysis for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 54: Rest of Europe Historic Review for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 55: Rest of Europe 14-Year Perspective for Turbines by Type - Percentage Breakdown of Value Sales for Wind Turbines, Gas Turbines, Steam Turbines and Other Types for the Years 2016, 2024 & 2030
ASIA-PACIFIC
  • Turbines Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Market Overview
  • Demand for Gas Turbines Rises Amid Growing Interest in Clean Technologies
  • India: Next-Generation Turbines to Support Wind Energy Generation
  • Table 56: Asia-Pacific Recent Past, Current & Future Analysis for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 57: Asia-Pacific Historic Review for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 58: Asia-Pacific 14-Year Perspective for Turbines by Type - Percentage Breakdown of Value Sales for Wind Turbines, Gas Turbines, Steam Turbines and Other Types for the Years 2016, 2024 & 2030
LATIN AMERICA
  • Latin America: A High Potential Market for Large Hydropower Turbines
  • An Overview of Wind Energy Market in Latin America
  • Table 59: Latin America Recent Past, Current & Future Analysis for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 60: Latin America Historic Review for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 61: Latin America 14-Year Perspective for Turbines by Type - Percentage Breakdown of Value Sales for Wind Turbines, Gas Turbines, Steam Turbines and Other Types for the Years 2016, 2024 & 2030
REST OF WORLD
  • Table 62: Rest of World Recent Past, Current & Future Analysis for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 63: Rest of World Historic Review for Turbines by Type - Wind Turbines, Gas Turbines, Steam Turbines and Other Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2022 and % CAGR
  • Table 64: Rest of World 14-Year Perspective for Turbines by Type - Percentage Breakdown of Value Sales for Wind Turbines, Gas Turbines, Steam Turbines and Other Types for the Years 2016, 2024 & 2030
IV. COMPETITION

Companies Mentioned

  • 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.

Table Information

Report AttributeDetails
No. of Pages504
PublishedNovember 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 127.7 Billion
Forecasted Market Value ( USD ) by 2030 $ 187 Billion
Compound Annual Growth Rate5.6%
Regions CoveredGlobal
No. of Companies Mentioned22

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