The report analyzes the global and regional markets in terms of revenues (US$) generated through installations of turbines. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Annual estimates and forecasts are provided for the period 2016 through 2024. Also, a five-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research.
This report analyzes the worldwide markets for Turbines in Megawatts by the following Product Segments:
Steam Turbines
Gas Turbines
Wind Turbines
Others
The report profiles 98 companies including many key and niche players such as:
ABB Ltd. (Switzerland)
Alstom SA (France)
Ansaldo Energia Spa (Italy)
Bharat Heavy Electricals Limited (India)
Caterpillar, Inc. (US)
DeWind Inc. (USA)
Dongfang Electric Corporation (China)
Enercon GmbH (Germany)
Gamesa (Spain)
GE Energy (US)
Goldwind Science & Technology Co., Ltd. (China)
Harbin Turbine Co., Ltd. (China)
Hitachi, Ltd. (Japan)
Jeumont Electric (France)
JFE Holdings, Inc., (Japan)
Mitsubishi Heavy Industries Ltd. (Japan)
Nordex Aktiengesellschaft (Germany)
Pratt & Whitney (US)
Rolls Royce Group Plc (UK)
Shanghai Electric Group Co., Ltd. (China)
Shin Nippon Machinery Co., Ltd. (Japan)
Siemens AG (Germany)
Suzlon Energy Limited (India)
Senvion SE (Germany)
Toshiba Corporation (Japan)
Vestas Wind Systems A/S (Denmark)
Key Topics Covered:
1. INDUSTRY OVERVIEW Turbines: Enhancing the Performance of Power Generation 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 Growing Number of Renewable Energy Projects Undertaken Worldwide Declining Cost of Wind and Solar Power Make Renewables an Integral Part of Energy Portfolio Escalating Climate Change Adds Urgency to the Renewable Energy Revolution Despite Decline in Renewable Investments, Outlook for Turbines Remains Bright Global Market Outlook Improving Economy Signals Market Growth Opportunities
2. COMPETITION The Global Market for Gas Turbines Consolidates Fueled by Major Acquisitions GE's Acquisition of Alstom's Energy Businesses Siemens Acquisition of Rolls-Royce's Business and Dresser-Rand Ansaldo Energia Inking Several Agreements with Asian Companies Major Acquisitions and their Implications for Market Participants GE, along with Siemens, Dominates the Global Gas Turbines Market Vestas: The Global Leader in Wind Turbine Manufacturing Asian Companies Continue to Rule the Global Steam Turbines Market Global Hydro Turbines Market Dominated by European Companies Turbine Makers Focus on Capacity Additions to Bolster Market Presence
3. MARKET TRENDS, ISSUES & DRIVERS Surging Energy Consumption and the Resulting Rise in Power Generation Drive Healthy Market Growth Surge in Number of Wind Farms Worldwide Benefit Demand for Wind Turbines Bright Outlook for Offshore Wind Generation Spurs Market Demand Offshore Wind Energy Touted to Change the Future of Energy Generation Demand for Hybrid Power Wind Turbines on the Rise Rising Popularity of Small Wind Turbines Bodes Well for Market Growth Key Challenges Hampering Wind Energy Generation Growing Prominence of Distributed Power Generation Benefits Market Prospects for Combustion Turbines Distributed Power Technologies: Brief Details on Power Technology, Size Range, Power Efficiency Range, Fuel Options and Applications Micro and Mini Turbines Traverse Troughs and Crests Micro Turbines Witness Increasing Deployment in Distributed Energy Generation Advantages of Microturbines Applications of Microturbines Combined Heat and Power (Co-Generation) Offshore Rigs Hospitals Backup Generators Vehicle Applications Fuel Cells Despite Coal-Fired Thermal Power Dominance, Several Issues Hamper Market Prospects for Steam Turbines Steam Turbine Manufacturers Focus on Improving Turbine Designs for Increased Efficiencies 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 Electric Motors: A Rising Threat to Gas Turbines? Syngas Holds Potential to Emerge as Superior Alternative to Natural Gas in Turbines Untapped Kinetic Energy Potential of Oceans Offer Huge Untapped Potential Liquid CO2 Turbines to Improve Power Generation Efficiency Developing Countries Offer Significant Market Growth Opportunities China: Growth Engine for the Global Turbines Market Liberalization and Privatization in Developing Countries Augurs Well for Market Expansion Gas Turbines Market in Asia-Pacific Witness Strong Growth Exponential Increase in Global Population & Urbanization Rate: A Mega Trend Strengthening Market Prospects
4. INNOVATIONS & ADVANCEMENTS Noteworthy Wind Turbine Innovations Vertical-Axis Wind Turbines (VAWTs) Flying Wind Turbines Handheld Wind Turbine Makani Airborne Wind Turbine Green Power Island Handy Wind Harvester Adna Windstalk Altaeros Energies Windspire Insect Wings Based Wind Turbines Typhoon Turbine Hybrid Wind-Hydro Turbine BAT-Buoyant Airborne Turbine Vortex Bladeless Wind Turbine SheerWind Invelox Catching Wind Power Generator Large-Size Wind Turbines with Bigger Capacities and Blades Future Wind Turbines to be Sleeker, Higher, and Cheaper Circling Kites Spooling Kites Detecting and Saving Birds The Hummingbird Turbine The Dirigible Design Wind Drones Innovative Wind Turbine Blade Tips Set to Lower Energy Cost High Flying Turbines: A Major Breakthrough for Harnessing More Wind Power Advanced Algorithm Enhances Small Wind Turbines' Efficiency Advanced Robot Systems for Examining Wind Turbine Rotor Blades Recent Innovations in Offshore Wind Farms Geared-Wind Turbines SATH-Floating Solution for Offshore-Wind Farms Remote Monitoring of Wind Turbines Other Advancements and Improvements in Wind Energy Gas Turbines: Innovations and Advancements Siemens Develop Advanced Gas Turbine Technology Developments Related to Enhanced Gas Turbine Productivity Hydrogen Turbines Advanced Combustion Turbines The University Turbine Systems Research Program (UTSR) 3D Printing Set to Revolutionize Gas Turbine Manufacturing Selective Laser Melting Tomo-Lithographic Molding
5. PRODUCT OVERVIEW Turbines: The Energy Generators Types of Turbines Steam Turbines Gas Turbines Wind Turbines Small Wind Turbines - Simple and Efficient Hybrid Power Wind Turbines: A Technical Insight Others Hydraulic Turbines Combined-Cycle/Combined-Heat-and-Power Turbines
6. PRODUCT LAUNCHES Siemens Gamesa Unveils New Onshore & Offshore Wind Turbines Ahlstrom-Munksj Launches Ahlstrom-Munksj Trinitex Advance W3000 Siemens Gamesa Launches New Geared Turbine SG 4.2-145 Siemens Offers SGT-800 Industrial Gas Turbine Senvion Launches 3.7M144 EBC and 3.6M118 NES Turbines GE Unveils an Onshore Turbine 4.8MW Machine MHPS Launches New Pressurized Hybrid Power Generation System GE's TM2500 Gas Turbine Generator Sets to Provide Power in South Australia ClearPower North America Launches Industrial Turbine Generator MHI Vestas Launches 9.5 MW Offshore Wind Turbine Siemens Launches Gas Turbine Portfolio - the SGT-A35 RB Senvion Launches Largest 2 MW Turbine Series for India Siemens Launches 44-MW Aeroderivative Gas Turbine Iran's Energy Ministry Launches a 55-megawatt (MW) Wind Farm Siemens Achieves Breakthrough with 3D Printed Gas Turbine Blades GE Offers Electric Start Systems for Marine Gas Turbines
7. RECENT INDUSTRY ACTIVITY GE Announces the Completion of flange-to- flange (F2F) Replacement Project Nordex Receives an Order from Two Large International Utilities for Turbines GE Receives an Order from Harbin Electric for Two 9F.05 Gas Turbines Nordex Receives a Contract Order from Gas Natural Fenosa for 58 AW132/3300 Turbines Siemens Gamesa Secures a New Order for the Installation of 125 G97-2.1MW Turbines Senvion Signs a Contract with Pacific Hydro for 39 MM92 Wind Turbines Senvion Wins a Contract for the Supply and Delivery of 27 Senvion 3.6M114 NES Turbines Siemens Signs Contracts with GECOL to Expand Libya's Power Generation Capacity Pratt & Whitney Announces the Selection of GTF Engine to Power Delta's Order of A321neo Aircraft SGRE Receives Orders for Two New Onshore Wind Projects in Southern Italy Nordex Receives Order from GN Renewable for Twelve N117/3000 Turbines Nordex Receives a Contract from OX2 for Nine N117/3600 Turbines SGRE Secures an Order from Gas Natural Fenosa Renovables for the Supply of 22 Turbines Nordex Wins Contracts for the Installation of Turbines in Apulia Senvion Installs 130 MW Turbines Senvion Receives Two New Orders in Ireland for Senvion 3.2M114 Turbines Nordex Wins a 30-MW Order to Renovate Acciona Energa's Wind Farm Senvion Installs 7,777th Wind Turbine Vattenfall Signs a Contract with Nordex for the Delivery of 50 N117/3600 Turbines SGRE Secures a Contract Order for the Supply G126-2.5 MW Turbines Senvion Secures a Contract to Install the First 35 Turbines of the 59-Turbine Lincoln Gap Wind Farm Dalian Energas Group Acquires OPRA Turbines SGRE and Fraunhofer IWES Signs a Contract for Validation of the SG 8.0-167 DD Wind Turbine Nacelle Doosan koda Power Supplies Steam and Electricity for PKN Orlen Siemens Signs a MOU with Bayat Power and the Government of the Islamic Republic of Afghanistan for Mobile Gas Turbine GE Signs an Agreement with Azito Energie for Upgrade of Two Gas Turbines Pratt & Whitney Signs an Agreement with Air China and Shenzhen Airlines for 60 Airbus A320neo Family Aircraft Pratt & Whitney and EgyptAir Announces the Selection of the PurePower GTF Engine Pratt & Whitney and Vietnam Airlines Announces the Selection of the PurePower GTF Engine Pratt & Whitney and VietJet Air Announces the Selection of the PurePower GTF Engine MHPS Receives an Order for Two H-25 Gas Turbines from Qingdao Energy Kaiyuan Thermoelectricity Co., Ltd. Tyr Energy Selects Siemens as the Technology Partner for the Hickory Run Energy Center Vestas Wins an Order to Supply 40 MW of Wind Turbines SGRE Supplies 310 Wind Turbines of Different Types for Five Projects in the U.S MHPS Ships M701F Gas Turbines Ordered by Persero SGRE Receives an Order for the Supply and Installation of OptimaFlex Wind Turbine Type SWT-DD-130 Senvion Signs a Turbine Supply Contract for an 18.45 MW Project with wpd SGRE Announces the Service Extension Contract for 504-MW Wind Farm Senvion and EREN RE Enter into Partnership Agreement for the Supply and Delivery of 27 Senvion 3.6M114 NES Turbines Siemens Gamesa Secures an Order from the Guangdong Electric Power Design Institute for the Supply of 34 MW GE Signs Multi-Year Service Agreement with SEC for Eight GE 7F.05 Gas Turbines Microsoft and GE Enter into a 15-Year Power Purchase Agreement (PPA) to Purchase Wind Energy Siemens Receives an Order from Pakistan for a Complete Power Island SGRE Secures an Agreement to Supply G114-2.0 MW Turbines Toshiba Announces a Package Deal Agreement (PDA) with Zorlu Energy Group Head Energy Enters into Offshore Wind Agreements with Vattenfall FP Lux Investments Announces the Expansion of its Wind Power Portfolio Senvion Installs First Prototype of 3.6M140 EBC Turbine for 4testwind GmbH Tesla Enters into Partnership with Vestas to Combine Wind Turbines and Batteries EPH Acquires Langage and South Humber Bank CCGT Power Stations from Centrica Senvion Signs Contracts with Windkraft Simonsfeld to Supply Wind Turbines of 62 MW Ansaldo Energia Wins a LTSA for Siemens SGT5-4000F Gas Turbine MHPS Receives an Order to Supply an M701S(DA)X Gas Turbine and Power Generator to Ansteel Group Dresser-Rand Receives Two Orders to Supply Power Generation Equipment for CNOOC Ltd. Senvion Installs First Prototype of 3.4M140 EBC for Notus Energy Group Pattern Energy Acquires 51% of Meikle Wind Facility from Pattern Energy Group LP Senvion's Supply and Installation Contract in Chile Achieves Financial Close Siemens Gamesa Installs Asia's Tallest 67.5 MW Wind Turbines GE to Provide Services to China's Daya Bay Nuclear Power Plants Southern Power Acquires Cactus Flats Wind Facility from RES DHIA Acquires US Gas Turbine Service Provider ACT Siemens Gamesa Enters into Agreement with Fuerza y Energa Limpia de Tizimn for G114-2.1 MW Turbines Siemens Gamesa Secures an Order for the Gearless SWT-3.6 Wind Turbines Senvion Signs a Contract with Vjetroelektrana Orjak for Greda Wind Farm Siemens Gamesa Wins an Order for the Supply of 118 MW Wind Turbines Dominion Energy Virginia Teams Up with Dong Energy to Construct Two 6-MW Turbines DONG Energy Signs a Contract with Siemens Gamesa for the Supply of 752 MW Wind Turbines Vistra Energy to Acquire 1,054 MW CCGT Plant Wrtsil and Southern Power Signs MoU to Develop Flexible Gas Power Plant Projects GE Signs a Multi-year Maintenance Agreement with Sepco for Power Generation Equipment Lagerwey and OTEK Signs License Agreement for Lagerwey Wind Turbine Technology Senvion Signs Delivery Partnership Agreement with RES Australia Duke Energy and Siemens Enters into Agreement for Expansion of LCCT Generation Site Siemens to Supply the Key Components for Attarat Steam Power Plant GE Signs Agreement with GPG to Deliver and Install 3.4MW 130 metre-Rotor Wind Turbines Valmet Signs a Cooperation Agreement for Gas Turbine Automation with MJBI GE Signs a MYA with Songas to Upgrade Gas Turbines at Songas' Ubungo Power Plant Siemens Gamesa Delivers 16 Wind Turbines for German Onshore Projects Rolls-Royce Wins a Delivery Contract of MT30 Marine Gas Turbines GE Signs an Agreement with Lucart for Installation of NovaLT12 Gas Turbines Dresser-Rand to Supply Three Gas Turbo Compressor Trains for Wang Noi Compressor Station Senvion Wins Five Contracts in Belgium for Senvion 3.4M114, 3.0M122 and MM100 Turbines Goldwind to Acquire the 530MW Stockyard Hill Wind Farm from Origin Energy Siemens Forms Joint Venture with Chromalloy Pro-Drone Signs Licensing Agreement with Arth-Wind to Provide Inspections of Wind Blades Siemens Expands the Three Power Plants with Gas Turbines CEE Group Acquires Eight Wind Turbines in 27.6-MW Vormark Wind Farm NextDecade Enters into an Agreement with GE Oil & Gas to Advance its LNG Export Projects GE Collaborates with Sonelgaz SPE to Strengthen the Fleet360 Plant Solutions Suzlon Group Wins an Order from ReNew Power for S111 120m WTG GE Acquires LM Wind Power Siemens Receives an Order to Deliver Steam Turbine Package to Expand Az Zour South 3 Open Cycle Gas Turbine Power Plant GE to Supply Steam Turbine and Generators for Sabiya Power Plant Hangzhou Steam Turbine Wins a Bid of Turbine-Generator Set L.A. Turbine and GEA to Collaborate with Honeywell as Part of Connected Plant Program Suzlon Group Wins an Order from a Leading IPP for S111 120m Hybrid WTG 7-Eleven Signs an Agreement with TXU Energy to Purchase 100 Percent Texas Wind Energy Siemens Wind Power Unifies with Gamesa Valmet Enters into Cooperation Agreement with Solar Turbines to Develop Integrated Gas Turbine Cogeneration Systems Ansaldo Energia Wins Service Contracts in the Russian Federation Siemens Receives an Order for a New CCGT at King's Lynn Power Station Siemens Secures Orders from Argentina to Supply Gas Turbines for Four Power Plants Centrax to Upgrade Six CX501-KB5 Gas Turbine Generator Sets in Molve and Ivanic grad Sites GE Signs an Agreement with Caithness Energy to Supply Equipment for Multiple Power Plants Colfax to Acquire Siemens Turbomachinery Equipment GmbH (STE) from Siemens AG Northland Power to Acquire 252 MW Offshore Wind Project DeBu LM Wind Power Builds New Wind Turbine Blade Factory in Cherbourg Eneco Acquires Eni Belgium Siemens Receives an Order for Five F-class Gas Turbines for a CHP Plant Senvion Signs a Contract with Nexif Energy for the EPC Contracts and Maintenance Agreements Gamesa Secures the Order for New Turbine G126-2.625 MW Gamesa Enters into an Agreement with PT UPC Sidrap Bayu Energi for the Supply of 75 MW Turbines Senvion Installs Five Senvion 3.0M122 Wind Turbines Senvion Reaches Two GW Installed Capacity in the UK Senvion Announces the Framework Contract for with EDP Renewables to Deliver Maintenance Services EGPNA Signs 3.5 GW Master Supply Agreements in US Siemens to Invest in R&D Efforts at Gas Turbine Plant in the Montreal Suburbs Gamesa Secures a Contract from Iberdrola to Supply Wind Turbines Senvion Signs a Contract with Innogy Renewables UK Ltd. to Supply 16 Wind Turbines
8. FOCUS ON SELECT GLOBAL PLAYERS
9. GLOBAL MARKET PERSPECTIVE
Total Companies Profiled: 98 (including Divisions/Subsidiaries - 125)