Turbines Market Synopsis
Turbines Market Size is Valued at USD 238.0 Billion in 2024, and is Projected to Reach USD 370.95 Billion by 2032, Growing at a CAGR of 5.70% From 2024-2032.
The turbine market is a comprehensive industry that involves the production and deployment of a variety of turbines for industrial and power generation purposes, such as gas, steam, wind, and hydro turbines. Growing global energy demand and the shift to renewable energy sources, such as hydro and wind power, to mitigate carbon emissions and address climate change are driving the market. In addition to substantial investments in infrastructure development and maintenance, technological advancements, including enhanced efficiency and durability of turbine components, also contribute to market growth. Government incentives for clean energy initiatives and the increasing energy requirements of emerging economies further bolster the demand for turbines. However, obstacles like high initial costs and maintenance requirements can influence market dynamics.
- The turbine market is a critical segment of the global energy sector that encompasses a variety of turbines used for power generation, such as gas, steam, and wind turbines. The global transition to renewable energy sources and the growing demand for energy across a variety of industries.
- Power facilities extensively employ gas turbines for their efficiency and adaptability, while steam turbines remain essential for conventional power generation. The increasing emphasis on reducing carbon emissions and improving energy efficiency is driving advancements in turbine technology, leading to innovations that enhance performance and lower operational costs.
- Conversely, the wind turbine sector is experiencing substantial expansion as a result of the global proliferation of wind energy initiatives. In order to accomplish sustainability objectives and transition to cleaner energy sources, governments and organizations are making substantial investments in wind farms.
- Technological advancements, regulatory policies, and the increasing competitiveness of wind energy over traditional fossil fuels also impact the market. We anticipate the turbine market to continue evolving in tandem with the global energy landscape, with a particular emphasis on sustainable and efficient energy solutions.
Turbines Market Trend Analysis
Innovative materials and technology like composite blades and digital monitoring systems are improving turbine performance.
- The turbine sector is using innovative materials and technologies to improve turbine performance. Composite blades, which are lighter and more durable than metal blades, improve efficiency and reduce maintenance.
- Composite materials allow turbines to operate at faster speeds and tolerate harsher conditions, improving performance. Digital monitoring systems are also transforming turbine operations by providing real-time performance, wear, and issue data. This method reduces turbine downtime and extends the lifespan with proactive maintenance.
- Advanced materials and technology are increasing turbine efficiency and market growth. These advances will assist the turbine market as energy demand rises and the need for sustainable and efficient energy sources intensifies. More advanced and reliable turbines will aid green energy solutions and improve energy-producing systems.
We are adding renewable energy sources like wind and hydro turbines to the energy mix to meet sustainable and clean energy goals.
- The global turbine market is undergoing a substantial transformation as the demand for renewable energy sources, including hydro and wind turbines, increases. The transition to healthier energy solutions and the growing emphasis on sustainability. Wind turbines, which generate electricity by harnessing the power of the wind, and hydro turbines, which leverage the energy of flowing water, are increasingly important components of the energy mix. Technological advancements, favourable government policies, and an increasing consciousness of environmental concerns all contribute to this transformation.
- We anticipate that investments in research and development will enhance the efficacy and performance of these systems, while the expansion of renewable energy infrastructure will propel the turbine market forward. Wind and hydro turbines will likely continue to be in high demand as countries endeavor to achieve their sustainable energy objectives and decrease carbon emissions. This will make them essential in the global transition to clean energy sources.
Turbines Market Segment Analysis:
Turbines Market Segmented on the basis of By Type, and By Application.
By Type, Gas Turbine segment is expected to dominate the market during the forecast period
- The primary segments of the turbine market are steam turbines and gas turbines, each designed to meet the unique requirements of various industrial applications. The efficacy of steam turbines in converting thermal energy into mechanical energy is the primary reason for their widespread use in industrial processes and power generation.
- Industrial applications and large-scale power facilities frequently implement them due to their abundance of steam. The necessity for efficient energy conversion systems and the expansion of power generation infrastructure influence the demand for steam turbines.
- On the other hand, people prefer gas turbines because of their high power-to-weight ratio and operational flexibility. Aviation, power generation, and marine applications extensively employ them due to their capacity to initiate rapidly and deliver consistent performance in a variety of environments.
- The gas turbine segment is experiencing growth due to the increasing demand for energy, the advancements in turbine technology, and the increasing utilization of gas turbines in combined-cycle power plants, which are known to improve overall energy efficiency.
By Application, Power Generation segment held the largest share in 2024
- Power generation and aviation are the two primary applications that drive the turbine market, each with its own set of trends and requirements. Turbines are critical in the process of power generation because they convert a variety of energy sources into electricity. The demand for sophisticated gas and steam turbines is on the rise as a result of the global initiative to develop more efficient and environmentally friendly energy sources.
- Advances in turbine technology, particularly in emissions control and efficiency, are driving the growth of this segment. Furthermore, the shift to renewable energy sources like hydro and wind further fuels the demand for turbines specifically engineered to optimize power generation.
- Turbines are indispensable for the efficient operation of aircraft and their propulsion in the aviation industry. The advancements in aerospace technology and the increase in air travel are driving the growth of this segment. The demand for high-performance turbines that provide enhanced reliability, reduced emissions, and improved fuel efficiency is on the rise. We anticipate a robust demand for advanced turbine technologies as the aviation industry continues to modernize and expand, thereby promoting ongoing market development and innovation.
Turbines Market Regional Insights:
Asia Pacific region held the largest market share
- The Asia Pacific region has become the largest market for turbines as a result of significant investments in infrastructure development, accelerated industrialization, and urbanization. Substantial growth in the energy generation and manufacturing sectors of countries like China and India fuels the demand for gas and steam turbines, significantly contributing to this trend. The region's expanding economies and the growing emphasis on energy efficiency further support the turbine market.
- Furthermore, the transition to renewable energy sources in the Asia Pacific region is generating novel opportunities for turbine manufacturers. The demand for advanced turbine technologies is on the rise as governments and private sectors invest in wind and hydroelectric power initiatives. We anticipate that the region's strategic initiatives to reduce carbon emissions and enhance energy sustainability will maintain its dominant position in the global turbine market throughout the forecast period.
Active Key Players in the Turbines Market
- Kawasaki Heavy Industries, Ltd. (Japan)
- Siemens Energy (Germany)
- Capstone Green Energy Corporation (USA)
- General Electric (USA)
- Ansaldo Energia (Italy)
- Mitsubishi Heavy Industries (Japan)
- Nordex SE (Germany)
- Suzlon Energy Limited (India)
- Vestas Wind Systems AS (Denmark)
- Litostroj Power Group (Slovenia)
- Andritz AG (Austria)
- Bharat Heavy Electricals Ltd. (India)
- Rolls-Royce plc (UK)
- ABB (Switzerland)
- Sinovel Wind Group Co. (China)
- others
Key Industry Developments in the Turbines Market
In August 2022, Goldwind commenced construction of its 1600-ton wind turbine installation vessel in Nantong, Jiangsu Province. The installation vessel adopts the integrated mode of “transport + storage + lifting," with industry-leading cranes and further boasts the largest variable load capacity and turbine storage capacity in China and can optimize the construction of offshore wind power projects in the deep sea, this project will accelerate the development of offshore wind power at affordable prices by improving the lifting efficiency of turbine components while reducing the construction cost.
Global Turbines Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 238.0 Bn. |
Forecast Period 2024-32 CAGR: |
5.70% |
Market Size in 2032: |
USD 370.95 Bn. |
Segments Covered: |
By Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Turbines Market by Type
4.1 Turbines Market Snapshot and Growth Engine
4.2 Turbines Market Overview
4.3 Steam Turbine
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Steam Turbine: Geographic Segmentation Analysis
4.4 Gas Turbine
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Gas Turbine: Geographic Segmentation Analysis
Chapter 5: Turbines Market by Application
5.1 Turbines Market Snapshot and Growth Engine
5.2 Turbines Market Overview
5.3 Power Generation
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Power Generation: Geographic Segmentation Analysis
5.4 Aviation
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Aviation: Geographic Segmentation Analysis
Chapter 6: Company Profiles and Competitive Analysis
6.1 Competitive Landscape
6.1.1 Competitive Benchmarking
6.1.2 Turbines Market Share by Manufacturer (2023)
6.1.3 Industry BCG Matrix
6.1.4 Heat Map Analysis
6.1.5 Mergers and Acquisitions
6.2 KAWASAKI HEAVY INDUSTRIES
6.2.1 Company Overview
6.2.2 Key Executives
6.2.3 Company Snapshot
6.2.4 Role of the Company in the Market
6.2.5 Sustainability and Social Responsibility
6.2.6 Operating Business Segments
6.2.7 Product Portfolio
6.2.8 Business Performance
6.2.9 Key Strategic Moves and Recent Developments
6.2.10 SWOT Analysis
6.3 LTD (JAPAN)
6.4 SIEMENS ENERGY (GERMANY)
6.5 CAPSTONE GREEN ENERGY CORPORATION (USA)
6.6 GENERAL ELECTRIC (USA)
6.7 ANSALDO ENERGIA (ITALY)
6.8 MITSUBISHI HEAVY INDUSTRIES (JAPAN)
6.9 NORDEX SE (GERMANY)
6.10 SUZLON ENERGY LIMITED (INDIA)
6.11 VESTAS WIND SYSTEMS AS (DENMARK)
6.12 LITOSTROJ POWER GROUP (SLOVENIA)
6.13 RITZ AG (AUSTRIA)
6.14 BHARAT HEAVY ELECTRICALS LTD (INDIA)
6.15 ROLLS-ROYCE PLC (UK)
6.16 ABB (SWITZERLAND)
6.17 SINOVEL WIND GROUP CO (CHINA)
6.18 OTHERS
Chapter 7: Global Turbines Market By Region
7.1 Overview
7.2. North America Turbines Market
7.2.1 Key Market Trends, Growth Factors and Opportunities
7.2.2 Top Key Companies
7.2.3 Historic and Forecasted Market Size by Segments
7.2.4 Historic and Forecasted Market Size By Type
7.2.4.1 Steam Turbine
7.2.4.2 Gas Turbine
7.2.5 Historic and Forecasted Market Size By Application
7.2.5.1 Power Generation
7.2.5.2 Aviation
7.2.6 Historic and Forecast Market Size by Country
7.2.6.1 US
7.2.6.2 Canada
7.2.6.3 Mexico
7.3. Eastern Europe Turbines Market
7.3.1 Key Market Trends, Growth Factors and Opportunities
7.3.2 Top Key Companies
7.3.3 Historic and Forecasted Market Size by Segments
7.3.4 Historic and Forecasted Market Size By Type
7.3.4.1 Steam Turbine
7.3.4.2 Gas Turbine
7.3.5 Historic and Forecasted Market Size By Application
7.3.5.1 Power Generation
7.3.5.2 Aviation
7.3.6 Historic and Forecast Market Size by Country
7.3.6.1 Bulgaria
7.3.6.2 The Czech Republic
7.3.6.3 Hungary
7.3.6.4 Poland
7.3.6.5 Romania
7.3.6.6 Rest of Eastern Europe
7.4. Western Europe Turbines Market
7.4.1 Key Market Trends, Growth Factors and Opportunities
7.4.2 Top Key Companies
7.4.3 Historic and Forecasted Market Size by Segments
7.4.4 Historic and Forecasted Market Size By Type
7.4.4.1 Steam Turbine
7.4.4.2 Gas Turbine
7.4.5 Historic and Forecasted Market Size By Application
7.4.5.1 Power Generation
7.4.5.2 Aviation
7.4.6 Historic and Forecast Market Size by Country
7.4.6.1 Germany
7.4.6.2 UK
7.4.6.3 France
7.4.6.4 Netherlands
7.4.6.5 Italy
7.4.6.6 Russia
7.4.6.7 Spain
7.4.6.8 Rest of Western Europe
7.5. Asia Pacific Turbines Market
7.5.1 Key Market Trends, Growth Factors and Opportunities
7.5.2 Top Key Companies
7.5.3 Historic and Forecasted Market Size by Segments
7.5.4 Historic and Forecasted Market Size By Type
7.5.4.1 Steam Turbine
7.5.4.2 Gas Turbine
7.5.5 Historic and Forecasted Market Size By Application
7.5.5.1 Power Generation
7.5.5.2 Aviation
7.5.6 Historic and Forecast Market Size by Country
7.5.6.1 China
7.5.6.2 India
7.5.6.3 Japan
7.5.6.4 South Korea
7.5.6.5 Malaysia
7.5.6.6 Thailand
7.5.6.7 Vietnam
7.5.6.8 The Philippines
7.5.6.9 Australia
7.5.6.10 New Zealand
7.5.6.11 Rest of APAC
7.6. Middle East & Africa Turbines Market
7.6.1 Key Market Trends, Growth Factors and Opportunities
7.6.2 Top Key Companies
7.6.3 Historic and Forecasted Market Size by Segments
7.6.4 Historic and Forecasted Market Size By Type
7.6.4.1 Steam Turbine
7.6.4.2 Gas Turbine
7.6.5 Historic and Forecasted Market Size By Application
7.6.5.1 Power Generation
7.6.5.2 Aviation
7.6.6 Historic and Forecast Market Size by Country
7.6.6.1 Turkey
7.6.6.2 Bahrain
7.6.6.3 Kuwait
7.6.6.4 Saudi Arabia
7.6.6.5 Qatar
7.6.6.6 UAE
7.6.6.7 Israel
7.6.6.8 South Africa
7.7. South America Turbines Market
7.7.1 Key Market Trends, Growth Factors and Opportunities
7.7.2 Top Key Companies
7.7.3 Historic and Forecasted Market Size by Segments
7.7.4 Historic and Forecasted Market Size By Type
7.7.4.1 Steam Turbine
7.7.4.2 Gas Turbine
7.7.5 Historic and Forecasted Market Size By Application
7.7.5.1 Power Generation
7.7.5.2 Aviation
7.7.6 Historic and Forecast Market Size by Country
7.7.6.1 Brazil
7.7.6.2 Argentina
7.7.6.3 Rest of SA
Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies
Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research
Global Turbines Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 238.0 Bn. |
Forecast Period 2024-32 CAGR: |
5.70% |
Market Size in 2032: |
USD 370.95 Bn. |
Segments Covered: |
By Type |
|
|
By Application |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
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Companies Covered in the report: |
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LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. TURBINES MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. TURBINES MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. TURBINES MARKET COMPETITIVE RIVALRY
TABLE 005. TURBINES MARKET THREAT OF NEW ENTRANTS
TABLE 006. TURBINES MARKET THREAT OF SUBSTITUTES
TABLE 007. TURBINES MARKET BY TYPE
TABLE 008. HYDROPOWER MARKET OVERVIEW (2016-2028)
TABLE 009. WIND MARKET OVERVIEW (2016-2028)
TABLE 010. STEAM MARKET OVERVIEW (2016-2028)
TABLE 011. GAS MARKET OVERVIEW (2016-2028)
TABLE 012. NUCLEAR MARKET OVERVIEW (2016-2028)
TABLE 013. TURBINES MARKET BY END USER
TABLE 014. POWER GENERATION MARKET OVERVIEW (2016-2028)
TABLE 015. POWER STORAGE MARKET OVERVIEW (2016-2028)
TABLE 016. MARINE MARKET OVERVIEW (2016-2028)
TABLE 017. AERONAUTICS MARKET OVERVIEW (2016-2028)
TABLE 018. NORTH AMERICA TURBINES MARKET, BY TYPE (2016-2028)
TABLE 019. NORTH AMERICA TURBINES MARKET, BY END USER (2016-2028)
TABLE 020. N TURBINES MARKET, BY COUNTRY (2016-2028)
TABLE 021. EUROPE TURBINES MARKET, BY TYPE (2016-2028)
TABLE 022. EUROPE TURBINES MARKET, BY END USER (2016-2028)
TABLE 023. TURBINES MARKET, BY COUNTRY (2016-2028)
TABLE 024. ASIA PACIFIC TURBINES MARKET, BY TYPE (2016-2028)
TABLE 025. ASIA PACIFIC TURBINES MARKET, BY END USER (2016-2028)
TABLE 026. TURBINES MARKET, BY COUNTRY (2016-2028)
TABLE 027. MIDDLE EAST & AFRICA TURBINES MARKET, BY TYPE (2016-2028)
TABLE 028. MIDDLE EAST & AFRICA TURBINES MARKET, BY END USER (2016-2028)
TABLE 029. TURBINES MARKET, BY COUNTRY (2016-2028)
TABLE 030. SOUTH AMERICA TURBINES MARKET, BY TYPE (2016-2028)
TABLE 031. SOUTH AMERICA TURBINES MARKET, BY END USER (2016-2028)
TABLE 032. TURBINES MARKET, BY COUNTRY (2016-2028)
TABLE 033. GOLDWIND (CHINA): SNAPSHOT
TABLE 034. GOLDWIND (CHINA): BUSINESS PERFORMANCE
TABLE 035. GOLDWIND (CHINA): PRODUCT PORTFOLIO
TABLE 036. GOLDWIND (CHINA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 036. VESTAS (DENMARK): SNAPSHOT
TABLE 037. VESTAS (DENMARK): BUSINESS PERFORMANCE
TABLE 038. VESTAS (DENMARK): PRODUCT PORTFOLIO
TABLE 039. VESTAS (DENMARK): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 039. MITSUBISHI POWER (JAPAN): SNAPSHOT
TABLE 040. MITSUBISHI POWER (JAPAN): BUSINESS PERFORMANCE
TABLE 041. MITSUBISHI POWER (JAPAN): PRODUCT PORTFOLIO
TABLE 042. MITSUBISHI POWER (JAPAN): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 042. ENVISION GROUP (CHINA): SNAPSHOT
TABLE 043. ENVISION GROUP (CHINA): BUSINESS PERFORMANCE
TABLE 044. ENVISION GROUP (CHINA): PRODUCT PORTFOLIO
TABLE 045. ENVISION GROUP (CHINA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 045. TATA POWER RENEWABLE ENERGY (INDIA): SNAPSHOT
TABLE 046. TATA POWER RENEWABLE ENERGY (INDIA): BUSINESS PERFORMANCE
TABLE 047. TATA POWER RENEWABLE ENERGY (INDIA): PRODUCT PORTFOLIO
TABLE 048. TATA POWER RENEWABLE ENERGY (INDIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 048. SGRE. (GERMANY): SNAPSHOT
TABLE 049. SGRE. (GERMANY): BUSINESS PERFORMANCE
TABLE 050. SGRE. (GERMANY): PRODUCT PORTFOLIO
TABLE 051. SGRE. (GERMANY): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. GE. (USA): SNAPSHOT
TABLE 052. GE. (USA): BUSINESS PERFORMANCE
TABLE 053. GE. (USA): PRODUCT PORTFOLIO
TABLE 054. GE. (USA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. SIEMENS ENERGY PTE. LTD. (SINGAPORE): SNAPSHOT
TABLE 055. SIEMENS ENERGY PTE. LTD. (SINGAPORE): BUSINESS PERFORMANCE
TABLE 056. SIEMENS ENERGY PTE. LTD. (SINGAPORE): PRODUCT PORTFOLIO
TABLE 057. SIEMENS ENERGY PTE. LTD. (SINGAPORE): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. NORDEX (GERMANY): SNAPSHOT
TABLE 058. NORDEX (GERMANY): BUSINESS PERFORMANCE
TABLE 059. NORDEX (GERMANY): PRODUCT PORTFOLIO
TABLE 060. NORDEX (GERMANY): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. DONGFANG TURBINE CO. LTD. (CHINA): SNAPSHOT
TABLE 061. DONGFANG TURBINE CO. LTD. (CHINA): BUSINESS PERFORMANCE
TABLE 062. DONGFANG TURBINE CO. LTD. (CHINA): PRODUCT PORTFOLIO
TABLE 063. DONGFANG TURBINE CO. LTD. (CHINA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. PACWIND (USA): SNAPSHOT
TABLE 064. PACWIND (USA): BUSINESS PERFORMANCE
TABLE 065. PACWIND (USA): PRODUCT PORTFOLIO
TABLE 066. PACWIND (USA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 066. WINDEY (CHINA): SNAPSHOT
TABLE 067. WINDEY (CHINA): BUSINESS PERFORMANCE
TABLE 068. WINDEY (CHINA): PRODUCT PORTFOLIO
TABLE 069. WINDEY (CHINA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 069. ENERCON (GERMANY): SNAPSHOT
TABLE 070. ENERCON (GERMANY): BUSINESS PERFORMANCE
TABLE 071. ENERCON (GERMANY): PRODUCT PORTFOLIO
TABLE 072. ENERCON (GERMANY): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 072. MINGYANG (CHINA): SNAPSHOT
TABLE 073. MINGYANG (CHINA): BUSINESS PERFORMANCE
TABLE 074. MINGYANG (CHINA): PRODUCT PORTFOLIO
TABLE 075. MINGYANG (CHINA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 075. CSIC HAIZHUANG (CHINA): SNAPSHOT
TABLE 076. CSIC HAIZHUANG (CHINA): BUSINESS PERFORMANCE
TABLE 077. CSIC HAIZHUANG (CHINA): PRODUCT PORTFOLIO
TABLE 078. CSIC HAIZHUANG (CHINA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 078. ZHEJIANG WINDEY CO (CHINA): SNAPSHOT
TABLE 079. ZHEJIANG WINDEY CO (CHINA): BUSINESS PERFORMANCE
TABLE 080. ZHEJIANG WINDEY CO (CHINA): PRODUCT PORTFOLIO
TABLE 081. ZHEJIANG WINDEY CO (CHINA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 081. WEG (BRAZIL): SNAPSHOT
TABLE 082. WEG (BRAZIL): BUSINESS PERFORMANCE
TABLE 083. WEG (BRAZIL): PRODUCT PORTFOLIO
TABLE 084. WEG (BRAZIL): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 084. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 085. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 086. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 087. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. TURBINES MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. TURBINES MARKET OVERVIEW BY TYPE
FIGURE 012. HYDROPOWER MARKET OVERVIEW (2016-2028)
FIGURE 013. WIND MARKET OVERVIEW (2016-2028)
FIGURE 014. STEAM MARKET OVERVIEW (2016-2028)
FIGURE 015. GAS MARKET OVERVIEW (2016-2028)
FIGURE 016. NUCLEAR MARKET OVERVIEW (2016-2028)
FIGURE 017. TURBINES MARKET OVERVIEW BY END USER
FIGURE 018. POWER GENERATION MARKET OVERVIEW (2016-2028)
FIGURE 019. POWER STORAGE MARKET OVERVIEW (2016-2028)
FIGURE 020. MARINE MARKET OVERVIEW (2016-2028)
FIGURE 021. AERONAUTICS MARKET OVERVIEW (2016-2028)
FIGURE 022. NORTH AMERICA TURBINES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. EUROPE TURBINES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. ASIA PACIFIC TURBINES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. MIDDLE EAST & AFRICA TURBINES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 026. SOUTH AMERICA TURBINES MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Turbines Market research report is 2024-2032.
Kawasaki Heavy Industries, Ltd. (Japan), Siemens Energy (Germany), Capstone Green Energy Corporation (USA), General Electric (USA), Ansaldo Energia (Italy), Mitsubishi Heavy Industries (Japan), Nordex SE (Germany), Suzlon Energy Limited (India), Vestas Wind Systems AS (Denmark), Litostroj Power Group (Slovenia), Andritz AG (Austria), Bharat Heavy Electricals Ltd. (India), Rolls-Royce plc (UK), ABB (Switzerland), Sinovel Wind Group Co. (China), others
The Turbines Market is segmented into By Type (Steam Turbine, Gas Turbine), By Application (Power Generation, Aviation). By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Turbines are mechanical devices that convert the energy of a fluid—such as steam, gas, or wind—into rotational motion. You can use this motion to generate mechanical power or electricity. Their function is governed by fluid dynamics principles, which use the fluid's kinetic energy to rotate blades or vanes attached to a shaft. Turbines have a variety of applications, including aircraft propulsion, power generation in gas and steam power plants, and the creation of renewable energy systems like wind turbines. The efficiency with which they convert energy, as well as their ability to operate machinery or generate electricity from a variety of energy sources, make them essential components in numerous industries.
Turbines Market Size is Valued at USD 238.0 Billion in 2023, and is Projected to Reach USD 370.95 Billion by 2032, Growing at a CAGR of 5.70% From 2024-2032.