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.
Report Scope:
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.
Report Includes:
- An overview of the global market for turbine and turbine generator set units manufacturing.
- Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2020.
- Information on major trends and challenges affecting the market, including technological developments, economic growth, and decreasing oil and gas prices.
- Analysis of expenditure per capita and the turbine and turbine generator set units manufacturing indicators comparison.
- Coverage of market growth, with detailed regional and country analyses, including regions and major emerging markets.
- Profiles of major players in the industry.
Summary
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. Steam and gas turbine accounted for the largest share of the market for turbine and turbine generator set units manufacturing in 2016 at REDACTED. Thehighest growth is projected to come from wind turbine, which is forecast to grow at a CAGR of REDACTED.
Asia-Pacific is the largest market for turbine and turbine generator set units manufacturing, accounting for REDACTED of the global market. It was followed by Western Europe and North America. Going forward, Eastern Europe is expected to witness the fastest growth in the turbine and turbine generator set unitsmanufacturing market, estimated at a CAGR of REDACTED, followed by Asia Pacific, expected to grow at a CAGR of REDACTED.
China is the largest market in terms of value and is driving the market for turbine and turbine generator set units manufacturing. Russia and China are expected to have the fastest growth, growing at a CAGR of REDACTED and REDACTED, respectively.
The market is challenged by increasing debts which is a major restraint for many utility companies.Utility investors are looking for stable returns at low risk while some investors are looking for more risk in exchange of higher returns. As a result, many utilities have moved through various asset sales.
Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources
Methodology
Geographic Breakdown
Analyst's Credentials
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Turbine and Turbine Generator Set Units Manufacturing Market Characteristics
Chapter 4 Turbine and Turbine Generator Set Units Manufacturing Market Size and Growth
Historic Market Growth
Drivers of the Market
Restraints on the Market
Forecast Market Growth
Drivers of the Market
Restraints on the Market
Chapter 5 Turbine and Turbine Generator Set Units Manufacturing Trends and Strategies
Decreasing Costs of Wind Turbines
Hybrid Wind-Hydro Turbines
3D Printing for Turbine Components
Chapter 6 PESTLE Analysis
Political
Economic
Globalization
Emerging Markets
Social
Technological
Legal
Environmental
Chapter 7 Turbine and Turbine Generator Set Units Manufacturing Market Segmentation
Global Turbine and Turbine Generator Set Units Manufacturing Market, 2016, by Segment
Global Turbine and Turbine Generator Set Units Manufacturing Market, 2012-2020, Historic and Forecast, by Segment
Hydraulic Turbine and Turbine Generator Set Units Manufacturing
Market Characteristics
Market Trends and Strategies
Steam/Gas Turbine and Turbine Generator Set Units Manufacturing
Market Characteristics
Market Trends and Strategies
Wind Turbine and Turbine Generator Set Units Manufacturing
Market Characteristics
Market Trends and Strategies
Chapter 8 Turbine and Turbine Generator Set Units Manufacturing Market Regional and Country Analysis
Global Turbine and Turbine Generator Set Units Manufacturing Market, 2016, by Region
Global Turbine and Turbine Generator Set Units Manufacturing Market, 2012-2020, Historic and Forecast, by Region
Global Turbine and Turbine Generator Set Units Manufacturing Market, by Country, 2016
Global Turbine and Turbine Generator Set Units Manufacturing Market, Historic and Forecast, by Country, 2012-2020
Chapter 9 Global Turbine and Turbine Generator Set Units Manufacturing Market Comparison with Macro Economic Factors
Global Turbine and Turbine Generator Set Units Manufacturing Market Size, Percentage of GDP
Turbine and Turbine Generator Set Units Manufacturing Market Size, Percentage of GDP, by Country
Global Per Capita Average Turbine and Turbine Generator Set Units Manufacturing Expenditure
Per Capita Average Turbine and Turbine Generator Set Units Manufacturing Expenditure, by Country
Chapter 10 Asia-Pacific Turbine and Turbine Generator Set Units Manufacturing Market
Asia-Pacific Turbine and Turbine Generator Set Units Manufacturing Market Overview
Region Information
Market Information
General Information
Government Initiatives
Government Regulations
Regulatory Bodies
Associations
Contracts
Competitive Landscape
Asia-Pacific Turbine and Turbine Generator Set Units Manufacturing Historic Market, 2012-2016
Asia-Pacific Turbine and Turbine Generator Set Units Manufacturing Forecast Market, 2016-2020
Asia-Pacific Turbine and Turbine Generator Set Units Manufacturing Market, by Segment, 2016
Asia-Pacific Turbine and Turbine Generator Set Units Manufacturing Market, 2012-2020, Historic and Forecast, by Segment
Chapter 11 Asia-Pacific Turbine and Turbine Generator Set Units Manufacturing Market: Country Analysis
China Turbine and Turbine Generator Set Units Manufacturing Market
China Turbine and Turbine Generator Set Units Manufacturing Market Overview
China Turbine and Turbine Generator Set Units Manufacturing Historic Market, 2012-2016
China Turbine and Turbine Generator Set Units Manufacturing Forecast Market, 2016-2020
China Market Size by Segment
China Turbine and Turbine Generator Set Units Manufacturing Market, 2012-2020, Historic and Forecast, by Segment
India Turbine and Turbine Generator Set Units Manufacturing Market
India Turbine and Turbine Generator Set Units Manufacturing Market Overview
India Turbine and Turbine Generator Set Units Manufacturing Historic Market, 2012-2016
India Turbine and Turbine Generator Set Units Manufacturing Forecast Market, 2016-2020
India Market Size by Segment
India Turbine and Turbine Generator Set Units Manufacturing Market, 2012-2020, Historic and Forecast, by Segment
Japan Turbine and Turbine Generator Set Units Manufacturing Market
Japan Turbine and Turbine Generator Set Units Manufacturing Market Overview
Japan Turbine and Turbine Generator Set Units Manufacturing Historic Market, 2012-2016
Japan Turbine and Turbine Generator Set Units Manufacturing Forecast Market, 2016-2020
Japan Market Size by Segment
Japan Turbine and Turbine Generator Set Units Manufacturing Market, 2012-2020, Historic and Forecast, by Segment
Australia Turbine and Turbine Generator Set Units Manufacturing Market
Australia Turbine and Turbine Generator Set Units Manufacturing Historic Market, 2012-2016
Australia Turbine and Turbine Generator Set Units Manufacturing Forecast Market, 2016-2020
Australia Market Size by Segment
Australia Turbine and Turbine Generator Set Units Manufacturing Market, 2012-2020, Historic and Forecast, by Segment
Chapter 12 Western Europe Turbine and Turbine Generator Set Units Manufacturing Market
Western Europe Turbine and Turbine Generator Set Units Manufacturing Market Overview
Region Information
Market Information
General Information
Government Initiatives or Subsidies
Government Regulations
Current Projects
Future Investments in Renewable Energy
Regulatory Bodies
Associations
Competitive Landscape
Taxes Levied on Turbines and Generators
Corporate Tax Structure
Western Europe Turbine and Turbine Generator Set Units Manufacturing Historic Market, 2012-2016
Western Europe Turbine and Turbine Generator Set Units Manufacturing Forecast Market, 2016-2020
Western Europe Market Size by Segment
Western Europe Turbine and Turbine Generator Set Units Manufacturing Market, 2012-2020, Historic and Forecast, by Segment
Chapter 13 Western Europe Turbine and Turbine Generator Set Units Manufacturing Market: Country Analysis
UK Turbine and Turbine Generator Set Units Manufacturing Market
UK Turbine and Turbine Generator Set Units Manufacturing Market Overview
UK Turbine and Turbine Generator Set Units Manufacturing Historic Market, 2012-2016
UK Turbine and Turbine Generator Set Units Manufacturing Forecast Market, 2016-2020
UK Market Size by Segment
UK Turbine and Turbine Generator Set Units Manufacturing Market, 2012-2020, Historic and Forecast, by Segment
Germany Turbine and Turbine Generator Set Units Manufacturing Market
Germany Turbine and Turbine Generator Set Units Manufacturing Historic Market, 2012-2016
Germany Turbine and Turbine Generator Set Units Manufacturing Forecast Market, 2016-2020
Germany Market Size by Segment
Germany Turbine and Turbine Generator Set Units Manufacturing Market, 2012-2020, Historic and Forecast, by Segment
France Turbine and Turbine Generator Set Units Manufacturing Market
France Turbine and Turbine Generator Set Units Manufacturing Historic Market, 2012-2016
France Turbine and Turbine Generator Set Units Manufacturing Forecast Market, 2016-2020
France Market Size by Segment
France Turbine and Turbine Generator Set Units Manufacturing Market, 2012-2020, Historic and Forecast, by Segment
Italy Turbine and Turbine Generator Set Units Manufacturing Market
Italy Turbine and Turbine Generator Set Units Manufacturing Historic Market, 2012-2016
Italy Turbine and Turbine Generator Set Units Manufacturing Forecast Market, 2016-2020
Italy Market Size by Segment
Italy Turbine and Turbine Generator Set Units Manufacturing Market, 2012-2020, Historic and Forecast, by Segment
Spain Turbine and Turbine Generator Set Units Manufacturing Market
Spain Turbine and Turbine Generator Set Units Manufacturing Historic Market, 2012-2016
Spain Turbine and Turbine Generator Set Units Manufacturing Forecast Market, 2016-2020
Spain Market Size by Segment
Spain Turbine and Turbine Generator Set Units Manufacturing Market, 2012-2020, Historic and Forecast, by Segment
Chapter 14 Eastern Europe Turbine and Turbine Generator Set Units Manufacturing Market
Eastern Europe Turbine and Turbine Generator Set Units Manufacturing Market Overview
Region Information
Market Information
General Information
Government Initiatives
Government Regulations
Current Projects
Future Investments in Renewable Energy
Regulatory Bodies
Competitive Landscape
Taxes Levied on Turbines and Generators
Corporate Tax Structure
Eastern Europe Turbine and Turbine Generator Set Units Manufacturing Historic Market, 2012-2016
Eastern Europe Turbine and Turbine Generator Set Units Manufacturing Forecast Market, 2016-2020
Eastern Europe Market Size by Segment
Eastern Europe Turbine and Turbine Generator Set Units Manufacturing Market, 2012-2020, Historic and Forecast, by Segment
Chapter 15 Eastern Europe Turbine and Turbine Generator Set Units Manufacturing Market: Country Analysis
Russia Turbine and Turbine Generator Set Units Manufacturing Market
Russia Turbine and Turbine Generator Set Units Manufacturing Historic Market, 2012-2016
Russia Turbine and Turbine Generator Set Units Manufacturing Forecast Market, 2016-2020
Russia Market Size by Segment
Russia Turbine and Turbine Generator Set Units Manufacturing Market, 2012-2020, Historic and Forecast, by Segment
Chapter 16 North America Turbine and Turbine Generator Set Units Manufacturing Market
North America Turbine and Turbine Generator Set Units Manufacturing Market Overview
Region Information
Market Information
General Information
Government Initiatives
Government Regulations
Current Projects
Contracts
Future Investments in Wind Energy
Regulatory Bodies
Associations
Competitive Landscape
Taxes Levied on Turbines and Generators
Corporate Tax Structure
North America Turbine and Turbine Generator Set Units Manufacturing Historic Market, 2012-2016
North America Turbine and Turbine Generator Set Units Manufacturing Forecast Market, 2016-2020
North America Market Size by Segment
North America Turbine and Turbine Generator Set Units Manufacturing Market, 2012-2020, Historic and Forecast, by Segment
Chapter 17 North America Turbine and Turbine Generator Set Units Manufacturing Market: Country Analysis
USA Turbine and Turbine Generator Set Units Manufacturing Market
USA Turbine and Turbine Generator Set Units Manufacturing Historic Market, 2012-2016
USA Turbine and Turbine Generator Set Units Manufacturing Forecast Market, 2016-2020
USA Market Size by Segment
USA Turbine and Turbine Generator Set Units Manufacturing Market, 2012-2020, Historic and Forecast, by Segment
Chapter 18 South America Turbine and Turbine Generator Set Units Manufacturing Market
South America Turbine and Turbine Generator Set Units Manufacturing Market Overview
Region Information
Market Information
General Information
Government Initiatives or Subsidies
Government Regulations
Contracts
Current Projects
Future Investments in Renewable Energy
Regulatory Bodies
Associations
Competitive Landscape
Taxes Levied on Turbines and Generators
Corporate Tax Structure
South America Turbine and Turbine Generator Set Units Manufacturing Historic Market, 2012-2016
South America Turbine and Turbine Generator Set Units Manufacturing Forecast Market, 2016-2020
South America Market Size by Segment
South America Turbine and Turbine Generator Set Units Manufacturing Market, 2012-2020, Historic and Forecast, by Segment
Chapter 19 South America Turbine and Turbine Generator Set Units Manufacturing Market: Country Analysis
Brazil Turbine and Turbine Generator Set Units Manufacturing Market
Brazil Turbine and Turbine Generator Set Units Manufacturing Historic Market, 2012-2016
Brazil Turbine and Turbine Generator Set Units Manufacturing Forecast Market, 2016-2020
Brazil Market Size by Segment
Brazil Turbine and Turbine Generator Set Units Manufacturing Market, 2012-2020, Historic and Forecast, by Segment
Chapter 20 Middle East Turbine and Turbine Generator Set Units Manufacturing Market
Middle East Turbine and Turbine Generator Set Units Manufacturing Market Overview
Region Information
Market Information
General Information
Government Initiatives
Current Projects
Contracts
Regulatory Bodies
Associations
Competitive Landscape
Middle East Turbine and Turbine Generator Set Units Manufacturing Historic Market, 2012-2016
Middle East Turbine and Turbine Generator Set Units Manufacturing Forecast Market, 2016-2020
Middle East Market Size by Segment
Middle East Turbine and Turbine Generator Set Units Manufacturing Market, 2012-2020, Historic and Forecast, by Segment
Chapter 21 Africa Turbine and Turbine Generator Set Units Manufacturing Market
Africa Turbine and Turbine Generator Set Units Manufacturing Market Overview
Region Information
Market Information
General Information
Government Initiatives or Subsidies
Current Projects
Future Investments in Renewable Energy
Regulatory Bodies
Associations
Contracts
Competitive Landscape
Taxes Levied on Turbines and Generators
Corporate Tax Structure
Africa Turbine and Turbine Generator Set Units Manufacturing Historic Market, 2012-2016
Africa Turbine and Turbine Generator Set Units Manufacturing Forecast Market, 2016-2020
Africa Market Size by Segment
Africa Turbine and Turbine Generator Set Units Manufacturing Market, 2012-2020, Historic and Forecast, by Segment
Chapter 22 Turbine and Turbine Generator Set Units Manufacturing Market Competitive Landscape
Company Profiles
GENERAL ELECTRIC COMPANY
SIEMENS AG
VESTAS WIND SYSTEMS A/S
ENERCON GMBH
XINJIANG GOLDWIND SCIENCE & TECHNOLOGY CO, LTD.
CATERPILLAR INC.
MITSUBISHI HEAVY INDUSTRIES LTD.
Chapter 23 Key Mergers and Acquisitions in The Turbine and Turbine Generator Set Units Manufacturing Market
GE Acquired Alstom’s Power and Grid Businesses
Siemens And Gamesa Merger
Nordex SE Acquired Acciona Windpower
Ansaldo Energia Acquired Alstom’s Gas-Turbine Assets and Power Systems Manufacturing Subsidiary from GE
Senvion S.A. Acquired Kenersys India Pvt. Ltd.
WEG Industries Acquired TGM
Chapter 24 The Turbine and Turbine Generator Set Units Manufacturing Market Customer Information
Gas Turbines
High Demand for Gas Turbines with 30 to 60 MW Capacities
High Demand for Extraction Steam Turbines
Vestas is the Leading Wind Turbine Manufacturer in 2017
SCE in Partnership with GE and Wellhead Power Solutions Launches Hybrid Enhanced Gas Turbine System
GE in Partnership with Southern California Edison and Wellhead Power Solutions Launches World’s First Battery Storage System
Chapter 25 Appendix
NAICS Definitions of Industry Covered in This Report
Research Methodology
Methodology
Abbreviations
Currencies
Chapter 26 References
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