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The global turbo generator market is expected to grow at a significant rate in the forecast period. The growing energy requirements owing to the rise in population, which in turn is fueling the number of power plants to fulfill the energy demand is expected to influence the market growth. Turbo generators can be connected directly with the electric motor and thereby lowers the associated operational costs, which is a crucial factor accelerating the growth of the turbo generator market. The rise in the demand for natural gas around the globe and the growing use of natural gas in the automotive industry is expected to influence the market growth. The increase in the demand for the continuous and stable power supply from various industries for continuous production and processing operations is expected to boost the turbo generator market growth. The rapid urbanization of people in search of better job opportunities and quality living standards is increasing the energy requirements in cities which in turn is contributing significantly to the turbogenerator market growth. Supportive government policies promoting the electrification of the rural and urban areas in the developing countries and the high-end investments for the development of power plant infrastructure are also contributing to the market growth.
The global turbo generator market can be segmented into type, end user, cooling type, regional distribution, and company. Based on the regional analysis, Asia-pacific is expected to witness the fastest incremental growth in the forecast period, 2022-2026. Improvement in the economic conditions and the rapid industrialization in the region is contributing to the market growth. China held a major share of the energy generated around the globe. Leading authorities are setting up coal-based plants and hydropower plants which in turn is influencing the market growth.
The major players operating in the global turbo generator market are Alstom S.A., Andritz AG, Ansaldo Energia S.p.A., Ebara Corporation, General Electric Company, Mitsubishi Heavy Industries, Ltd., Siemens AG, Suzlon Energy Ltd., Toshiba Corporation, Dongfang Electric Corporation, among others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report:
- Historical Years: 2016-2019
- Base Year: 2020
- Estimated Year: 2021E
- Forecast Period: 2022F-2026F
Objective of the Study:
- To analyze the historical growth in the market size of global turbo generator market from 2016 to 2020.
- To estimate and forecast the market size of global turbo generator market from 2021 to 2026 and growth rate until 2026.
- To classify and forecast global turbo generator market based on type, end user, cooling type, regional distribution, and company.
- To identify dominant region or segment in the global turbo generator market.
- To identify drivers and challenges for global turbo generator market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global turbo generator market.
- To identify and analyze the profile of leading players operating in global turbo generator market.
- To identify key sustainable strategies adopted by market players in global turbo generator market.
The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the globe. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers, which could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across the globe.
The publisher calculated the market size of global turbo generator market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Turbo generator manufacturing companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to turbo generator market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global turbo generator market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Global Turbo Generator Market, By Type:
- Gas Turbine Generator
- Steam Turbine Generator
- Water Turbine Generator
Global Turbo Generator Market, By End User:
- Coal-fired Power Plant
- Gas-fired Power Plant
- Nuclear Power Plant
- Others
Global Turbo Generator Market, By Cooling Type:
- Air Cooled
- Hydrogen Cooled
- Water-hydrogen Cooled
Global Turbo Generator Market, By Region:
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Iraq
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global turbo generator market.
Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.
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Table of Contents
Companies Mentioned
- Alstom SA
- Andritz AG
- Ansaldo Energia SpA
- Ebara Corporation
- General Electric Company
- Mitsubishi Heavy Industries, Ltd
- Siemens AG
- Suzlon Energy Ltd
- Toshiba Corporation
- Dongfang Electric Corporation
