The global turbine market was valued at USD 135.68 billion in 2013 and is expected to reach USD 191.87 billion by 2020 at a CAGR of 4.89% from 2014 to 2020. Volumetrically, this accounts to 5,792.97 Gigawatts (GW) in terms of installed turbine capacity in 2013, which may amount to approximately 7,468.84 GW by 2020. Asia Pacific alone accounted for 40.4% of the overall market share in 2013, valued at USD 42.89 billion (2,341.19 GW).
Albany, NY -- (SBWIRE) -- 03/03/2016 -- 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.
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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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