Flourishing Renewable Energy Sector Propels Global Turbines Market

Transparency Market
Research
Turbines Market - Global Industry Analysis, Market Size,
Share, Growth, Trends and Forecast 2014 - 2020
Published Date
2015-04-01
140 Page Report
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Press Release
Turbines Market is Expected to Reach USD 191.87 Billion
by 2020 in terms of Revenue
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Turbines Market
REPORT DESCRIPTION
This report is an attempt by Transparency Market Research to identify the potentials and growth
of turbines market globally. The market segmentation for turbines, as provided in the report
include: application, product type and geography. The current and forecast analysis for all these
segments has been provided in terms of installed volume (gigawatts: GW) and revenue (USD
Billion), considering 2013 as the base year. The forecast period for turbine market covered in this
report lies from 2014 to 2020. The report envisages potential turbine market, attractiveness and
trend based on forecast model and in-depth primary interviews with the key power producing
and supplying professionals and scientists along with the portfolio analysis of the turbine
companies. All factors such as end user industry demographics need and preference of turbines
are analyzed. The report primarily focuses on the need of the client and therefore, has covered
all feasible parameters and has provided quantifiable data.
Browse the full Turbines Market report at
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This report is intended to provide turbine market overview and is categorized accordingly. The
various segments of turbine market included in this report are accumulated and analyzed by the
tracking of recent trends and growth in the turbine industry. The in-depth analysis provided in the
report is based on both commercial and project aspects by Transparency Market Research. The
major economies covered in this report are North America, Europe, Asia Pacific, and Rest of the
World (RoW).
The report also includes Porter’s five forces model, and the market attractiveness and DROs
(Drivers, Restraints and Opportunities) for turbine market. Some of the key players of the turbine
market included in this report are: Alstom S.A., General Electric Energy, Siemens Energy, Ballard
Power Systems Inc., Vestas Wind Systems A/S, Sinovel Wind Group Co., Ltd., Goldwind Science &
Technology Co., Ltd. The report provides an overview of the above mentioned companies
followed by their financial overview, product portfolio, business strategies and recent
developments. The report also provides an overview of current policies; standards and
certification programs associated with the turbine industry along with the recommendations for
stakeholders to ensure sustainable and profitable turbine market growth.
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The uniqueness of report lies in the overall industrial description of turbine market which is
presently at a developed stage. This market is mainly segmented into three essential segments
and includes the application of turbines across varied industries; the specific turbine product
type and the geographies using turbines. The in-depth analysis provided in this report covers all
the aspects of the turbine value chain. The report analyzes the importance of every stage and
gives the logical and quantifiable data for the stages included in the value chain.
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The global turbines market has been segmented as below:
Global Turbines Market: Product Type Analysis
Hydropower
Steam
Gas-based
Wind
Nuclear
Global Turbines Market: End User Industry Analysis
Power Generation
Power Storage
Marine
Aeronautics
Global Turbines Market: Regional Analysis
North America
Europe
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Asia Pacific
Rest of the World (RoW)
Table of Contents
CHAPTER 1 PREFACE
1.1 REPORT DESCRIPTION
1.2 RESEARCH SCOPE
1.3 MARKET SEGMENTATION
1.4 RESEARCH METHODOLOGY
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 TURBINES MARKET – INDUSTRY ANALYSIS
3.1 INTRODUCTION
3.2 VALUE CHAIN ANALYSIS
3.3 MARKET DRIVERS
3.3.1 GROWING NEED FOR POWER GENERATION, PRIMARILY IN DEVELOPING ECONOMIES
3.3.2 AGGRESSIVE RENEWABLE ENERGY CAPACITY ADDITION TARGETS FOR WIND ENERGY
ESTABLISHED THROUGH LEGISLATIONS
3.3.3 LOW RISK OF TECHNOLOGY FAILURE REINSTATING INVESTOR CONFIDENCE
3.4 MARKET RESTRAINTS
3.4.1 LOW TOLERANCE FOR NOISE COUPLED WITH EMISSION IMPACT OF TURBINES,
RESULTING IN PROJECT SITE ISSUES
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3.4.2 HIGH INITIAL COST AND CLIMATE-DEPENDENT SYSTEMS
3.5 MARKET OPPORTUNITIES
3.5.1 MANUFACTURING OF VITAL COMPONENTS FOR TURBINE TECHNOLOGY USING
ALTERNATIVE MATERIALS TO DERIVE COST SAVING
3.5.2 PROSPECTS OF STRATEGIC ALLIANCE, MERGERS, AND ACQUISITIONS IN MARKET
3.6 PORTER’S FIVE FORCES ANALYSIS
3.6.1 BARGAINING POWER OF SUPPLIERS
3.6.2 BARGAINING POWER OF BUYERS
3.6.3 THREAT FROM SUBSTITUTES
3.6.4 THREAT OF NEW ENTRANTS
3.6.5 DEGREE OF COMPETITION
3.7 POWER GENERATION: PLANT COST ANALYSIS
3.7.1 GLOBAL POWER PLANT COST BREAKDOWN AND FORECAST, BY COST TYPE, 2013 – 2020
(MILLION USD/MW)
3.7.1.1 Civil Works
3.7.1.2 Grid Connections
3.7.1.3 Generator Cost Analysis
3.7.1.4 Power Converter Cost Analysis
3.7.1.5 Transformers Cost Analysis
3.8 MARKET ATTRACTIVENESS ANALYSIS FOR GLOBAL TURBINES MARKET, BY REVENUE, 2013
CHAPTER 4 GLOBAL TURBINES MARKET: END-USER INDUSTRY ANALYSIS
4.1 GLOBAL TURBINES MARKET: END-USER INDUSTRY OVERVIEW
4.1.1 GLOBAL TURBINES MARKET VOLUME SHARE, BY END-USER INDUSTRY, 2013 AND 2020
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4.1.2 GLOBAL TURBINES MARKET REVENUE SHARE, BY END-USER INDUSTRY, 2013 AND 2020
4.2 POWER GENERATION INDUSTRY TURBINES MARKET, BY VOLUME AND REVENUE, 2013 – 2020
(GW) (USD BILLION)
4.3 POWER STORAGE INDUSTRY TURBINES MARKET, BY VOLUME AND REVENUE, 2013 – 2020
(GW) (USD BILLION)
4.4 MARINE INDUSTRY TURBINES MARKET, BY VOLUME AND REVENUE, 2013 – 2020 (GW) (USD
BILLION)
4.5 AERONAUTICS INDUSTRY TURBINES MARKET, BY VOLUME AND REVENUE, 2013 – 2020 (GW)
(USD BILLION)
CHAPTER 5 GLOBAL TURBINES MARKET: PRODUCT SEGMENT ANALYSIS
5.1 GLOBAL TURBINES MARKET: PRODUCT OVERVIEW
5.1.1 GLOBAL TURBINES MARKET VOLUME SHARE BY PRODUCT SEGMENT, 2013 AND 2020
5.2 HYDROPOWER TURBINES MARKET, BY VOLUME AND REVENUE, 2013 – 2020 (GW) (USD
BILLION)
5.3 STEAM TURBINES MARKET, BY VOLUME AND REVENUE, 2013 – 2020 (GW) (USD BILLION)
5.4 GAS-BASED TURBINES MARKET, BY VOLUME AND REVENUE, 2013 – 2020 (GW) (USD BILLION)
5.5 WIND TURBINES MARKET, BY VOLUME AND REVENUE, 2013 – 2020 (GW) (USD BILLION)
5.6 NUCLEAR TURBINES MARKET, BY VOLUME AND REVENUE, 2013 – 2020 (GW) (USD BILLION)
CHAPTER 6 GLOBAL TURBINES MARKET: REGIONAL ANALYSIS
6.1 GLOBAL TURBINES MARKET: REGIONAL OVERVIEW
6.2 NORTH AMERICA
6.2.1 NORTH AMERICA TURBINES MARKET VOLUME AND REVENUE, BY APPLICATION, 2013 –
2020 (GW) (USD BILLION)
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6.2.2 NORTH AMERICA TURBINES MARKET VOLUME AND REVENUE, BY PRODUCT SEGMENT,
2013 – 2020 (GW) (USD BILLION)
6.3 EUROPE
6.3.1 EUROPE TURBINES MARKET VOLUME AND REVENUE, BY APPLICATION, 2013 – 2020
(GW) (USD BILLION)
6.3.2 EUROPE TURBINES MARKET VOLUME AND REVENUE, BY PRODUCT SEGMENT, 2013 –
2020 (GW) (USD BILLION)
6.4 ASIA PACIFIC
6.4.1 ASIA PACIFIC TURBINES MARKET VOLUME AND REVENUE, BY APPLICATION, 2013 – 2020
(GW) (USD BILLION)
6.4.2 ASIA PACIFIC TURBINES MARKET VOLUME AND REVENUE, BY PRODUCT SEGMENT, 2013
– 2020 (GW) (USD BILLION)
6.5 REST OF THE WORLD (ROW)
6.5.1 REST OF THE WORLD (ROW) TURBINES MARKET VOLUME AND REVENUE, BY
APPLICATION, 2013 – 2020 (GW) (USD BILLION)
6.5.2 REST OF THE WORLD (ROW) TURBINES MARKET VOLUME AND REVENUE, BY PRODUCT
SEGMENT, 2013 – 2020 (GW) (USD BILLION)
CHAPTER 7 COMPANY PROFILES
7.1 VOITH GMBH
7.1.1 COMPANY OVERVIEW
7.1.2 FINANCIAL OVERVIEW
7.1.3 VOITH GMBH REGISTERED TOTAL REVENUE OF USD 6.18 BILLION IN 2013 COMPARED
TO USD 6.62 BILLION IN 2012. IN 2013, VOITH’S REVENUE DROPPED BY 6.64% AS COMPARED TO
2012.
7.1.4 BUSINESS STRATEGY
7.1.5 RECENT DEVELOPMENTS
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7.2 GAMESA CORPORACIÓN TECNOLÓGICA SA
7.2.1 COMPANY OVERVIEW
7.2.2 PRODUCT PORTFOLIO
7.2.3 FINANCIAL OVERVIEW
7.2.4 BUSINESS STRATEGY
7.2.5 RECENT DEVELOPMENTS
7.3 GOLDWIND SCIENCE AND TECHNOLOGY CO. LTD.
7.3.1 COMPANY OVERVIEW
7.3.2 PRODUCT PORTFOLIO
7.3.3 FINANCIAL OVERVIEW
7.3.4 BUSINESS STRATEGY
7.3.5 RECENT DEVELOPMENTS
7.4 SIEMENS WIND POWER
7.4.1 COMPANY OVERVIEW
7.4.2 PRODUCT PORTFOLIO
7.4.3 FINANCIAL OVERVIEW
7.4.4 BUSINESS STRATEGY
7.4.5 RECENT DEVELOPMENTS
7.5 SINOVEL WIND GROUP CO. LTD.
7.5.1 COMPANY OVERVIEW
7.5.2 PRODUCT PORTFOLIO
7.5.3 BUSINESS STRATEGY
7.6 VESTAS WIND SYSTEMS A/S
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7.6.1 COMPANY OVERVIEW
7.6.2 PRODUCT PORTFOLIO
7.6.3 FINANCIAL OVERVIEW
7.6.4 BUSINESS STRATEGY
7.6.5 RECENT DEVELOPMENTS
7.7 DONGFANG ELECTRIC CORPORATION LIMITED
7.7.1 COMPANY OVERVIEW
7.7.2 PRODUCT PORTFOLIO
7.7.3 FINANCIAL OVERVIEW
7.7.4 BUSINESS STRATEGY
7.7.5 RECENT DEVELOPMENTS
7.8 GE WIND ENERGY
7.8.1 COMPANY OVERVIEW
7.8.2 PRODUCT PORTFOLIO
7.8.3 FINANCIAL OVERVIEW
7.8.4 BUSINESS STRATEGY
7.8.5 RECENT DEVELOPMENTS
7.9 ENERCON GMBH
7.9.1 COMPANY OVERVIEW
7.9.2 PRODUCT PORTFOLIO
7.9.3 BUSINESS STRATEGY
7.9.4 RECENT DEVELOPMENTS
7.10 NORDEX SE
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7.10.1 COMPANY OVERVIEW
7.10.2 PRODUCT PORTFOLIO
7.10.3 FINANCIAL OVERVIEW
7.10.4 BUSINESS STRATEGY
7.10.5 RECENT DEVELOPMENTS
7.11 CHINA MING YANG WIND POWER GROUP LIMITED
7.11.1 COMPANY OVERVIEW
7.11.2 PRODUCT PORTFOLIO
7.11.3 FINANCIAL OVERVIEW
7.11.4 BUSINESS STRATEGY
7.11.5 RECENT DEVELOPMENTS
7.12 ORMAT TECHNOLOGIES, INC.
7.12.1 COMPANY OVERVIEW
7.12.2 PRODUCT PORTFOLIO
7.12.3 FINANCIAL OVERVIEW
7.12.4 BUSINESS STRATEGY
7.12.5 RECENT DEVELOPMENTS
7.13 ENEL GREEN POWER
7.13.1 COMPANY OVERVIEW
7.13.2 PRODUCT PORTFOLIO
7.13.3 FINANCIAL OVERVIEW
7.13.4 BUSINESS STRATEGY
7.13.5 RECENT DEVELOPMENTS
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7.14 CYRQ ENERGY, INC.
7.14.1 COMPANY OVERVIEW
7.14.2 PRODUCT PORTFOLIO
7.14.3 BUSINESS STRATEGY
7.14.4 RECENT DEVELOPMENTS
7.15 CALPINE CORPORATION
7.15.1 COMPANY OVERVIEW
7.15.2 PRODUCT PORTFOLIO
7.15.3 FINANCIAL OVERVIEW
7.15.4 BUSINESS STRATEGY
7.15.5 RECENT DEVELOPMENTS
7.16 ALTERRA POWER CORPORATION
7.16.1 COMPANY OVERVIEW
7.16.2 PRODUCT PORTFOLIO
7.16.3 FINANCIAL OVERVIEW
7.16.4 BUSINESS STRATEGY
7.16.5 RECENT DEVELOPMENTS
7.17 NORTHERN CALIFORNIA POWER AGENCY
7.17.1 COMPANY OVERVIEW
7.17.2 PRODUCT PORTFOLIO
7.17.3 FINANCIAL OVERVIEW
7.17.4 BUSINESS STRATEGY
7.17.5 RECENT DEVELOPMENTS
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7.18 RAM POWER CORPORATION
7.18.1 COMPANY OVERVIEW
7.18.2 PRODUCT PORTFOLIO
7.18.3 FINANCIAL OVERVIEW
7.18.4 BUSINESS STRATEGY
7.18.5 RECENT DEVELOPMENTS
7.19 U.S. GEOTHERMAL, INC.
7.19.1 COMPANY OVERVIEW
7.19.2 PRODUCT PORTFOLIO
7.19.3 FINANCIAL OVERVIEW
7.19.4 BUSINESS STRATEGY
7.19.5 RECENT DEVELOPMENTS
7.20 CONTACT ENERGY
7.20.1 COMPANY OVERVIEW
7.20.2 PRODUCT PORTFOLIO
7.20.3 FINANCIAL OVERVIEW
7.20.4 BUSINESS STRATEGY
7.20.5 RECENT DEVELOPMENTS
7.21 SUMITOMO CORPORATION
7.21.1 COMPANY OVERVIEW
7.21.2 PRODUCT PORTFOLIO
7.21.3 FINANCIAL OVERVIEW
7.21.4 BUSINESS STRATEGY
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7.21.5 RECENT DEVELOPMENTS
7.22 MANNVIT
7.22.1 COMPANY OVERVIEW
7.22.2 PRODUCT PORTFOLIO
7.22.3 FINANCIAL OVERVIEW
7.22.4 BUSINESS STRATEGY
7.22.5 RECENT DEVELOPMENTS
7.23 MITSUBISHI HEAVY INDUSTRIES LTD.
7.23.1 COMPANY OVERVIEW
7.23.2 PRODUCT PORTFOLIO
7.23.3 FINANCIAL OVERVIEW
7.23.4 BUSINESS STRATEGY
7.23.5 RECENT DEVELOPMENTS
7.24 ENERGY DEVELOPMENT CORPORATION
7.24.1 COMPANY OVERVIEW
7.24.2 PRODUCT PORTFOLIO
7.24.3 FINANCIAL OVERVIEW
7.24.4 BUSINESS STRATEGY
7.24.5 RECENT DEVELOPMENTS
List of Figures
FIG. 1 Global Turbines: Market Segmentation
FIG. 2 Global Turbines Market Volume and Revenue, 2013 – 2020 (GW) (USD Billion)
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FIG. 3 Value Chain Analysis of Global Turbines Market
FIG. 4 Porter’s Five Forces Analysis
FIG. 5 Global Power Generation Market, Project Cost Breakdown, by Cost Type, 2013 and 2020
FIG. 6 Civil Works Cost Reduction Opportunity, by Cost Influencing Factors
FIG. 7 Grid Connection Cost Reduction Opportunity, by Cost Influencing Factors
FIG. 8 Power Converter Cost Reduction Opportunity, by Cost Influencing Factors
FIG. 9 Transformer Cost Reduction Opportunity, by Cost Influencing Factors
FIG. 10 Market Attractiveness Analysis of Global Turbines Market, by End-user Industry, 2013
FIG. 11 Global Turbines Market Volume Share, by End-user Industry, 2013 and 2020
FIG. 12 Global Turbines Market Revenue Share, by End-user Industry, 2013 and 2020
FIG. 13 Power Generation Industry Global Volume and Revenue Estimates, 2013 – 2020 (GW)
(USD Billion)
FIG. 14 Power Storage Industry, Global Volume and Revenue Estimates, 2013 – 2020 (GW) (USD
Billion)
FIG. 15 Marine Industry, Global Volume and Revenue Estimates, 2013 – 2020 (GW) (USD Billion)
FIG. 16 Aeronautics Industry, Global Volume and Revenue Estimates, 2013 – 2020 (GW) (USD
Billion)
FIG. 17 Global Turbines Market Volume Share, by Product Segment, 2013 and 2020
FIG. 18 Global Turbines Market Revenue Share, by Product Segment, 2013 and 2020
FIG. 19 Hydropower Turbines, Global Volume and Revenue Estimates, 2013 – 2020 (GW) (USD
Billion)
FIG. 20 Steam Turbines, Global Volume and Revenue Estimates, 2013 – 2020 (GW) (USD Billion)
FIG. 21 Gas-based Turbines, Global Volume and Revenue Estimates, 2013 – 2020 (GW) (USD
Billion)
FIG. 22 Wind Turbines, Global Volume and Revenue Estimates, 2013 – 2020 (GW) (USD Billion)
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FIG. 23 Nuclear Turbines, Global Volume and Revenue Estimates, 2013 – 2020 (GW) (USD Billion)
FIG. 24 Global Turbines Market, Revenue Share by Region, 2013 and 2020
FIG. 25 Global Turbines Market, Volume Share by Region, 2013 and 2020
List of Tables
TABLE 1 Global Turbine Market: Snapshot, 2013 & 2020
TABLE 2 Drivers of Turbine Market: Impact Analysis
TABLE 3 Restraints of Turbine Market: Impact Analysis
TABLE 4 Opportunities of Turbine Market: Impact Analysis
TABLE 5 Global power plant cost breakdown and forecast, by cost type, 2013 – 2020 (Million
USD/MW)
TABLE 6 North America Turbines Market Volume, by Application Segment, 2013 – 2020 (GW)
TABLE 7 North America Turbines Market Revenue, by Application Segment, 2013 – 2020 (USD
Billion)
TABLE 8 North America Turbines Market Volume, by Product Segment, 2013 – 2020 (GW)
TABLE 9 North America Turbines Market Revenue, by Product Segment, 2013 – 2020 (USD Billion)
TABLE 10 Europe Turbines Market Volume, by Application Segment, 2013 – 2020 (GW)
TABLE 11 Europe Turbines Market Revenue, by Application Segment, 2013 – 2020 (USD Billion)
TABLE 12 Europe Turbines Market Volume, by Product Segment, 2013 – 2020 (GW)
TABLE 13 Europe Turbines Market Revenue, by Product Segment, 2013 – 2020 (USD Billion)
TABLE 14 Asia Pacific Turbines Market Volume, by Application Segment, 2013 – 2020 (GW)
TABLE 15 Asia Pacific Turbines Market Revenue, by Application Segment, 2013 – 2020 (USD
Billion)
TABLE 16 Asia Pacific Turbines Market Volume, by Product Segment, 2013 – 2020 (GW)
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TABLE 17 Asia Pacific Turbines Market Revenue, by Product Segment, 2013 – 2020 (USD Billion)
TABLE 18 Rest of the World (RoW) Turbines Market Volume, by Application Segment, 2013 – 2020
(GW)
TABLE 19 Rest of the World (RoW) Turbines Market Revenue, by Application Segment, 2013 –
2020 (USD Billion)
TABLE 20 Rest of the World (RoW) Turbines Market Volume, by Product Segment, 2013 – 2020
(GW)
TABLE 21 Rest of the World (RoW) Turbines Market Revenue, by Product Segment, 2013 – 2020
(USD Billion)
TABLE 22 Product offering of Voith GmbH
TABLE 23 Product offering of Gamesa Corporación Tecnológica SA
TABLE 24 Product offering of Goldwind Science and Technology Co. Ltd.
TABLE 25 Product offering of Siemens Wind Power
TABLE 26 Product offering of Sinovel Wind Group Co. Ltd.
TABLE 27 Product offering of Vestas Wind systems A/S
TABLE 28 Product offering of Dongfang Electric Corporation Limited
TABLE 29 Product offering of GE Wind Energy
TABLE 30 Product offering of Enercon GmbH
TABLE 31 Product offering of Nordex SE
TABLE 32 Product offering of China Ming Yang Wind Power Group Limited
TABLE 33 Product offering of Ormat Technologies, Inc.
TABLE 34 Product offering of Enel Green Power
TABLE 35 Product offering of CYRQ Energy, Inc.
TABLE 36 Product offering of Calpine Corporation
TABLE 37 Product offering of Alterra Power Corporation
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TABLE 38 Product offering of Northern California Power Agency
TABLE 39 Product offering of Ram Power Corporation
TABLE 40 Product offering of U.S. Geothermal, Inc.
TABLE 41 Product offering of Contact Energy
TABLE 42 Product offering of Sumitomo Corporation
TABLE 43 Product offering of Mannvit
TABLE 44 Product offering of Mitsubishi Heavy Industries Ltd.
TABLE 45 Product offering of Energy Development Corporation
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Turbines are machines that are used for extracting energy from several types of flows such as gas, steam, water, and wind, and converting it into usable forms of energy such as electricity. Some of the common types of turbines are windmills and waterwheels used for generating energy. Turbines are installed at several places to harness wind and tidal energy to generate electricity. In recent times, offshore windmill installation is observed to be a growing trend due to the consistent wind supply at several locations. Browse Turbines Market Report with Full TOC at : http://www.transparencymarketresearch.com/turbines-market.html The types of turbines sold in the global turbines market are hydropower turbines, steam turbines, gas-based turbines, wind turbines, and nuclear turbines. The end users of these turbines are power generation companies, power storage units, the marine industry, and the aeronautics industry. Geographically, this market is segmented into North America, Asia Pacific, Europe, and Rest of the World.