Turbines Market - Review & Forecast to 2020

Transparency Market Research Reports incorporated a definite business overview and investigation inclines on "Turbines Market". This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure.

Turbines are the mechanical devices that extract energy from various flows such as water, steam and gas flow and convert it into useful energy. Waterwheels and windmills are the simple types of turbine. Turbines are used for electricity generation from the various sources of energies, such as wind energy and tidal energy. Turbines are also used in aircraft’s gas turbine engines. The trend of off-shore windmill installation at locations where there is consistent wind supply is being observed across the world. This is emerging as alternative for the traditional energy sources.

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Global turbines market is expected to grow steadily in upcoming years, emerging markets such as South and Central America and Asia Pacific are expected to gain considerable shares. The global turbines market is expected to be driven by the growing Asia Pacific market which is led by countries such as India and China. Increasing air traffic across the world is one of the driving factors for the turbines used in aircrafts engine, whereas, increasing technological changes in the aircraft engines market could pose a challenge for the use of turbines in aircraft gas turbine engine.

Need for turbines is fueled by the growing demand for the renewable energy sources across the world. Replacement of aging coal plants and the gas power stations, by sources which are based on renewable energy is driving the growth of turbines market. The global turbines market is expected to grow significantly over the coming years in the European region. Supportive government policies across the globe are responsible for the increased adoption rate of the turbines as an alternative for the traditional energy sources. Further, demand for turbines in China is expected to grow owing to the increasing government policies in China. Some of the policies of China government aiding the growth of turbines market in the country include providing electricity in rural areas and decreasing China’s carbon footprint.

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Turbines market is segmented on the basis of type, end-use, power generation capacity and geography. On the basis of type turbines market is segmented into gas turbines, hydraulic turbines and water turbines and steam and vapor turbines. Further, the wind turbines are sub-segmented on the basis of technology into horizontal axis wind turbine (HAWT) and vertical axis wind turbine (VAWT). On the basis of end-use the turbines market is segmented into residential rooftop, industrial purpose turbines and commercial generation turbines. On the basis of power generation capacity hydraulic turbines are segmented into hydraulic turbines with power less than 1000 kW, hydraulic turbines with power 1,000 – 10,000 kW and hydraulic turbines power more than 10,000 kW. Whereas, steam and vapor turbines on the basis of power generation capacity is segmented into steam and vapor turbines with power more than 40 MW and steam and vapor turbines with power more than 40 MW.

GE Energy, Vestas Wind Systems A/S, Siemens Wind Power, Enercon GmbH, Urban Green Energy, Suzlon Energy Limited, Gamesa Corporacion Tecnologíca, S.A., International Aero Engines AG, Goldwind Science & Technology Co., Ltd., Northern Power Systems, Guodian United Power, Sinovel Wind (Group) Co., Ltd., Ming Yang Wind Power Group, among others are some of the key players in turbines market.

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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

• North America

• Asia Pacific

• Europe

• Rest of the World

This report provides comprehensive analysis of

• Market growth drivers

• Factors limiting market growth

• Current market trends

• Market structure

• Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.