表紙:タービンの世界市場の評価:タイプ別、出力範囲別、最終用途産業別、地域別、機会、予測(2017年~2031年)
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タービンの世界市場の評価:タイプ別、出力範囲別、最終用途産業別、地域別、機会、予測(2017年~2031年)

Turbines Market Assessment, By Type, By Power Range, By End-user Industry, By Region, Opportunities and Forecast, 2017-2031F

出版日: | 発行: Market Xcel - Markets and Data | ページ情報: 英文 223 Pages | 納期: 3~5営業日

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価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=156.76円
タービンの世界市場の評価:タイプ別、出力範囲別、最終用途産業別、地域別、機会、予測(2017年~2031年)
出版日: 2024年01月03日
発行: Market Xcel - Markets and Data
ページ情報: 英文 223 Pages
納期: 3~5営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界のタービンの市場規模は、2023年に997億米ドル、2031年に1,389億9,000万米ドルに達し、2024年~2031年の予測期間にCAGRで4.24%の成長が見込まれています。

タービンの普及は、エネルギー需要の増加、タービン技術の進歩、世界の持続可能なエネルギー源へのシフトによって推進されています。市場成長の促進要因は、電力インフラへの投資の増加、よりクリーンなエネルギーソリューションへの大きな注目、航空宇宙産業の継続的な拡大などです。

タービンへの投資は、複数の要因により増加傾向にあります。エネルギー需要の増大と持続可能な慣行へのシフトは、タービン技術への資金提供の増加を促しています。世界中の政府がクリーンエネルギーにインセンティブを与え、風力タービンや水力タービンへの投資を促進しています。さらに、タービンの効率と信頼性の向上は、投資家の信頼向上に寄与しています。さらに、航空宇宙産業や海事産業の拡大がガスタービンの需要に拍車をかけています。こうした複合的な要因が投資を急増させ、タービンを多様な部門における重要なコンポーネントとして位置づけています。

風力タービンの登場が市場成長を促進

風力タービンの登場は発電産業に革命をもたらし、市場成長を大きく促進しています。この変革は、風力発電コストの低下、風力タービンメーカーの競合の激化、再生可能エネルギーへの転換を促す環境問題の増大、タービンの効率と出力を向上させる技術の進歩などの要因に起因しています。こうした促進要因の結果、風力タービンは従来の化石燃料を使用した発電方法に対してよりコスト効率が高くなり、エネルギー生産者と消費者の双方にとって魅力的な選択肢となっています。

ガスタービンの普及が市場成長を加速

ガスタービンの普及が世界のタービン市場の大幅な成長に拍車をかけています。この拡大は、効率的で信頼性の高い発電ソリューションに対する需要の増加や、従来の化石燃料よりも天然ガスを優遇する厳しい環境規制、タービン性能の向上と排出ガスの削減を実現する技術の進歩などのさまざまな要因によるものです。その結果、ガスタービンは、コンバインドサイクル発電所、産業用発電システム、石油・ガス処理施設など、さまざまな発電用途でますます普及しています。

石油・ガス産業におけるタービンが広大な機会に対応する見込み

タービンは石油・ガス産業で極めて重要な役割を果たし、さまざまなプロセスや作業を推進しています。エネルギー需要の高まりが石油・ガスの探査と生産を促進し、その結果、これらのプロセスに電力を供給するタービンへのニーズが高まっています。また、厳しい環境規制の施行により、より効率的でクリーンなタービン技術の開発が刺激され、石油・ガス企業にとってタービンは最高の選択肢となっています。

アジア太平洋がタービン市場をリード

アジア太平洋は、工業化やインフラ開発を含む複数の要因により、世界のタービン市場をリードしています。これらの要因によって電力需要が急増し、新しい発電所への需要が高まっています。さらに、中国やインドなどのアジア太平洋の多数の国々では、政府の政策により、タービンを利用した風力発電や太陽光発電などの再生可能エネルギーの利用が促進されました。こうした要因の結果、アジア太平洋は世界最大のタービン市場となり、世界のタービンの売上の50%以上を占めるに至っています。

政府の取り組みが市場規模に影響を与える

政府の取り組みは、世界のタービン市場に大きな影響を与えています。これらの取り組みは、財政的インセンティブの提供、研究開発への投資、規制プロセスの合理化などにより、タービンの利用の促進に役立っています。その結果、世界のタービン市場は近年急成長を示しており、今後も成長が続くと予測されています。

COVID-19の影響

COVID-19パンデミック前、世界のタービン市場は比較的安定していました。タービンの需要は、信頼性が高く効率的な発電の必要性と、再生可能エネルギー源の人気の高まりによって促進されていました。市場は、再生可能エネルギーの利用やエネルギー効率を推進する政府の政策によって支えられていました。しかし、COVID-19パンデミックの到来は世界のタービン市場に大きな影響を与えました。パンデミックの最初の衝撃波は、サプライチェーンが寸断され、渡航制限が労働者と機器の移動を制限したため、2020年のタービン設置の減少につながっています。しかし、各国政府が景気刺激策を実施し、再生可能エネルギーへの需要が大きく伸びていることから、パンデミック後の市場は回復し始めています。こうした課題にもかかわらず、再生可能エネルギーへの移行と、効率的で信頼性の高い電源に対する需要の増加により、市場の長期的な見通しは依然として前向きです。

当レポートでは、世界のタービン市場について調査分析し、市場規模と予測、市場力学、主要企業の情勢と見通しなどを提供しています。

目次

第1章 調査手法

第2章 プロジェクトの範囲と定義

第3章 世界のタービン市場に対するCOVID-19の影響

第4章 世界のタービン市場に対するロシア・ウクライナ戦争の影響

第5章 エグゼクティブサマリー

第6章 顧客の声

  • 製品と市場のインテリジェンス
  • 購入決定において考慮される要素

第7章 世界のタービン市場の見通し(2017年~2031年)

  • 市場規模と予測
    • 金額
    • 数量
  • タイプ別
    • 蒸気タービン
    • ガスタービン
    • 水力タービン
    • 風力タービン
  • 出力範囲別
    • 1MW未満
    • 1MW~50MW
    • 51MW~200MW
    • 201MW~500MW
    • 500MW超
  • 最終用途産業別
    • 発電
    • 石油・ガス
    • 化学・肥料
    • その他
  • 地域別
    • 北米
    • アジア太平洋
    • 欧州
    • 南米
    • 中東・アフリカ
  • 市場シェア:企業別(2023年)

第8章 世界のタービン市場の見通し:地域別(2017年~2031年)

  • 北米
    • 市場規模と予測
    • タイプ別
    • 出力範囲別
    • 最終用途産業別
    • 米国
    • カナダ
    • メキシコ
  • 欧州
    • ドイツ
    • フランス
    • イタリア
    • 英国
    • ロシア
    • オランダ
    • スペイン
  • 南米
    • ブラジル
    • アルゼンチン
  • アジア太平洋
    • インド
    • 中国
    • 日本
    • オーストラリア
    • 韓国
  • 中東・アフリカ
    • サウジアラビア
    • アラブ首長国連邦
    • 南アフリカ

第9章 市場マッピング(2023年)

  • タイプ別
  • 出力範囲別
  • 最終用途産業別
  • 地域別

第10章 マクロ環境と産業構造

  • 需給分析
  • 輸出入の分析
  • バリューチェーン分析
  • PESTEL分析
  • ポーターのファイブフォース分析

第11章 市場力学

  • 成長促進要因
  • 成長抑制要因(課題、抑制要因)

第12章 主要企業情勢

  • マーケットリーダー上位5社の競合マトリクス
  • マーケットリーダー上位5社の市場収益分析(2023年)
  • 合併と買収/合弁事業(該当する場合)
  • SWOT分析(市場参入企業5社向け)
  • 特許分析(該当する場合)

第13章 価格分析

第14章 ケーススタディ

第15章 主要企業の見通し

  • Bharat Heavy Electricals Limited (BHEL)
  • Mitsubishi Hitachi Power Systems Ltd (MHPS)
  • Harbin Electric Company Limited
  • ABB
  • General Electric Company
  • Siemens AG
  • Doosan Heavy Industries & Construction Co. Ltd.
  • Toshiba Corporation
  • Dongfang Electric Corporation Limited
  • Nordex SE

第16章 戦略的推奨事項

第17章 当社について、免責事項

図表

List of Tables

  • Table 1. Pricing Analysis of Products from Key Players
  • Table 2. Competition Matrix of Top 5 Market Leaders
  • Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1. Global Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 2. Global Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 3. Global Turbine Market Share (%), By Type, 2017-2031F
  • Figure 4. Global Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 5. Global Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 6. Global Turbine Market Share (%), By Region, 2017-2031F
  • Figure 7. North America Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 8. North America Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 9. North America Turbine Market Share (%), By Type, 2017-2031F
  • Figure 10. North America Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 11. North America Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 12. North America Turbine Market Share (%), By Country, 2017-2031F
  • Figure 13. United States Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 14. United States Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 15. United States Turbine Market Share (%), By Type, 2017-2031F
  • Figure 16. United States Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 17. United States Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 18. Canada Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 19. Canada Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 20. Canada Turbine Market Share (%), By Type, 2017-2031F
  • Figure 21. Canada Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 22. Canada Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 23. Mexico Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 24. Mexico Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 25. Mexico Turbine Market Share (%), By Type, 2017-2031F
  • Figure 26. Mexico Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 27. Mexico Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 28. Europe Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 29. Europe Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 30. Europe Turbine Market Share (%), By Type, 2017-2031F
  • Figure 31. Europe Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 32. Europe Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 33. Europe Turbine Market Share (%), By Country, 2017-2031F
  • Figure 34. Germany Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 35. Germany Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 36. Germany Turbine Market Share (%), By Type, 2017-2031F
  • Figure 37. Germany Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 38. Germany Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 39. France Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 40. France Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 41. France Turbine Market Share (%), By Type, 2017-2031F
  • Figure 42. France Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 43. France Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 44. Italy Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 45. Italy Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 46. Italy Turbine Market Share (%), By Type, 2017-2031F
  • Figure 47. Italy Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 48. Italy Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 49. United Kingdom Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 50. United Kingdom Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 51. United Kingdom Turbine Market Share (%), By Type, 2017-2031F
  • Figure 52. United Kingdom Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 53. United Kingdom Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 54. Russia Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 55. Russia Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 56. Russia Turbine Market Share (%), By Type, 2017-2031F
  • Figure 57. Russia Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 58. Russia Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 59. Netherlands Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 60. Netherlands Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 61. Netherlands Turbine Market Share (%), By Type, 2017-2031F
  • Figure 62. Netherlands Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 63. Netherlands Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 64. Spain Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 65. Spain Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 66. Spain Turbine Market Share (%), By Type, 2017-2031F
  • Figure 67. Spain Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 68. Spain Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 69. Turkey Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 70. Turkey Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 71. Turkey Turbine Market Share (%), By Type, 2017-2031F
  • Figure 72. Turkey Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 73. Turkey Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 74. Poland Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 75. Poland Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 76. Poland Turbine Market Share (%), By Type, 2017-2031F
  • Figure 77. Poland Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 78. Poland Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 79. South America Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 80. South America Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 81. South America Turbine Market Share (%), By Type, 2017-2031F
  • Figure 82. South America Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 83. South America Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 84. South America Turbine Market Share (%), By Country, 2017-2031F
  • Figure 85. Brazil Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 86. Brazil Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 87. Brazil Turbine Market Share (%), By Type, 2017-2031F
  • Figure 88. Brazil Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 89. Brazil Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 90. Argentina Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 91. Argentina Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 92. Argentina Turbine Market Share (%), By Type, 2017-2031F
  • Figure 93. Argentina Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 94. Argentina Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 95. Asia-Pacific Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 96. Asia-Pacific Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 97. Asia-Pacific Turbine Market Share (%), By Type, 2017-2031F
  • Figure 98. Asia-Pacific Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 99. Asia-Pacific Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 100. Asia-Pacific Turbine Market Share (%), By Country, 2017-2031F
  • Figure 101. India Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 102. India Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 103. India Turbine Market Share (%), By Type, 2017-2031F
  • Figure 104. India Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 105. India Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 106. China Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 107. China Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 108. China Turbine Market Share (%), By Type, 2017-2031F
  • Figure 109. China Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 110. China Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 111. Japan Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 112. Japan Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 113. Japan Turbine Market Share (%), By Type, 2017-2031F
  • Figure 114. Japan Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 115. Japan Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 116. Australia Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 117. Australia Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 118. Australia Turbine Market Share (%), By Type, 2017-2031F
  • Figure 119. Australia Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 120. Australia Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 121. Vietnam Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 122. Vietnam Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 123. Vietnam Turbine Market Share (%), By Type, 2017-2031F
  • Figure 124. Vietnam Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 125. Vietnam Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 126. South Korea Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 127. South Korea Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 128. South Korea Turbine Market Share (%), By Type, 2017-2031F
  • Figure 129. South Korea Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 130. South Korea Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 131. Indonesia Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 132. Indonesia Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 133. Indonesia Turbine Market Share (%), By Type, 2017-2031F
  • Figure 134. Indonesia Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 135. Indonesia Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 136. Philippines Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 137. Philippines Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 138. Philippines Turbine Market Share (%), By Type, 2017-2031F
  • Figure 139. Philippines Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 140. Philippines Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 141. Middle East & Africa Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 142. Middle East & Africa Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 143. Middle East & Africa Turbine Market Share (%), By Type, 2017-2031F
  • Figure 144. Middle East & Africa Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 145. Middle East & Africa Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 146. Middle East & Africa Turbine Market Share (%), By Country, 2017-2031F
  • Figure 147. Saudi Arabia Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 148. Saudi Arabia Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 149. Saudi Arabia Turbine Market Share (%), By Type, 2017-2031F
  • Figure 150. Saudi Arabia Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 151. Saudi Arabia Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 152. UAE Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 153. UAE Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 154. UAE Turbine Market Share (%), By Type, 2017-2031F
  • Figure 155. UAE Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 156. UAE Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 157. South Africa Turbine Market, By Value, in USD Billion, 2017-2031F
  • Figure 158. South Africa Turbine Market, By Volume, in Thousand Units, 2017-2031F
  • Figure 159. South Africa Turbine Market Share (%), By Type, 2017-2031F
  • Figure 160. South Africa Turbine Market Share (%), By Power Range, 2017-2031F
  • Figure 161. South Africa Turbine Market Share (%), By End-user, 2017-2031F
  • Figure 162. By Type Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 163. By Power Range Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 164. By End-user Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 165. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2023
目次
Product Code: MX10795

Global turbines market size was valued at USD 99.7 billion in 2023, which is expected to reach USD 138.99 billion in 2031, with a CAGR of 4.24% for the forecasted period between 2024 and 2031.

Turbines offer efficient energy conversion, crucial in power generation, aerospace, and renewables like wind and hydropower. Turbines are pivotal in addressing energy needs and reducing the overall environmental impact, connecting them to diverse sectors and the evolving energy landscape. The widespread use of turbines is propelled by the increasing energy demand, advancements in turbine technology, and a global shift towards sustainable energy sources. The factors driving the market growth include the rise in investments in power infrastructure, a prominent focus on cleaner energy solutions, and the continuously expanding aerospace industry.

Investments in turbines are on the rise due to several factors. Growing energy demand and a shift towards sustainable practices prompt increased funding in turbine technologies. Governments worldwide are incentivizing clean energy and fostering investment in wind and hydropower turbines. Moreover, advancements in turbine efficiency and reliability contribute to an improvement in the confidence of the investor. Additionally, the expanding aerospace and marine industries are fueling the demand for gas turbines. These combined factors drive a surge in investments, positioning turbines as key components in diverse sectors.

Emergence of Wind Turbines is Proliferating the Market Growth

The emergence of wind turbines is revolutionizing the power generation industry, thereby driving market growth significantly. The transformation stems from several factors, including the declining cost of wind power, intensifying competition among wind turbine manufacturers, growing environmental concerns prompting a shift towards renewable energy sources, and technological advancements that enhance turbine efficiency and output. As a result of these driving forces, wind turbines are becoming increasingly cost-efficient with traditional fossil fuel-based power generation methods, making them a more attractive option for both energy producers and consumers.

In May 2023, GE Vernova announced its plan to invest USD 50 million in its Schenectady, New York facility to capitalize on the flourishing wind energy market in North America. This investment would enable the production of critical components for GE Vernova's 6.1 MW wind turbine, specifically the machine head, hub, and drive train.

Prevalence of Gas Turbines are Amplifying the Market Growth

The widespread adoption of gas turbines is fueling significant growth in the global turbine market. This expansion is driven by a plethora of factors, including the increasing demand for efficient and reliable power generation solutions, stringent environmental regulations favoring natural gas over conventional fossil fuels, and technological advancements that enhance turbine performance and reduce emissions. As a result, gas turbines are becoming increasingly prevalent in various power generation applications, including combined cycle power plants, industrial power generation systems, and oil and gas processing facilities.

In October 2023, Mitsubishi Power Americas collaborated with the Grand River Dam Authority to install the first M501JAC gas turbine in the United States for peak applications. The advanced-class turbine is expected to replace the last remaining coal-fired unit at the Grand River Energy Center, enhancing operational flexibility and grid stability.

Turbines in Oil and Gas Industries are Expected to Cater to Extensive Opportunities

Turbines play a pivotal role in the oil and gas industries, driving various processes and operations. Growing demand for energy is driving the exploration and production of oil and gas, consequently increasing the need for turbines to power these processes. Also, the implementation of strict environmental regulations has stimulated the development of more efficient and cleaner turbine technologies, making them a top choice for oil and gas companies.

In October 2023, Oil and Natural Gas Corporation (ONGC) hosted a roadshow at Hotel Le Royal Meridien in Abu Dhabi to seek partnerships with global oil and gas companies for offshore oil and gas projects in India. The roadshow would provide valuable insights into business opportunities within India's offshore oil and gas infrastructure sector. ONGC, aligning with the changing energy landscape, has outlined its ambitious Energy Strategy 2040. This plan emphasizes ONGC's commitment to double oil and gas production.

Asia-Pacific Leads the Turbine Market

Asia-Pacific led the global turbines market due to several factors, including industrialization and infrastructure development. These factors led to a surge in electricity demand, which in turn drove the demand for new power plants. Furthermore, government policies in many Asia-Pacific countries, like China and India, promoted the use of renewable energy sources, such as wind and solar power that utilize turbines. As a result of these factors, Asia-Pacific became the world's largest turbine market, accounting for more than 50% of global turbine sales.

In November 2023, Goldwind achieved a remarkable feat by installing its massive 16 MW offshore wind turbine in a record-breaking 24 hours.

Government Initiatives Impact the Market Size

Government initiatives have had a significant impact on the global turbines market. These initiatives have helped promote turbines' use by providing financial incentives, investing in research and development, and streamlining regulatory processes. As a result, the global turbines market has grown rapidly in recent years and is expected to continue its growth over the years to come.

In May 2022, GE Steam Power secured a USD 165 million contract with BHEL to provide three nuclear steam turbines for NPCIL's Phase 1 domestic nuclear program, which is being built in Gorakhpur, Haryana (units 1 to 4 (GHAVP)) and Kaiga, Karnataka (Kaiga-5&6). The program involves the construction of 12 units of 700 MWe using NPCIL's own Pressurized Heavy Water Reactors (PHWR) nuclear reactor technology. It would provide India with 8.4GW of carbon-free electricity, to power over 14 million homes.

Impact of COVID-19

The global turbines market was relatively stable before the COVID-19 pandemic. Demand for turbines was driven by the need for reliable and efficient power generation, as well as the growing popularity of renewable energy sources. The market was supported by government policies that promoted the use of renewable energy and energy efficiency. However, the advent of the COVID-19 pandemic had a significant impact on the global turbines market. The pandemic's initial shockwave led to a decline in turbine installations in 2020, as supply chains were disrupted, and travel restrictions limited the movement of workers and equipment. However, the market is beginning to recover after the pandemic as governments are implementing stimulus measures and demand for renewable energy is rising at an extensive rate. Despite these challenges, the long-term outlook for the market remains positive, driven by the transition to renewable energy and increasing demand for efficient and reliable power sources.

Impact of Russia-Ukraine War

The ongoing Russia-Ukraine war had a significant impact on the global turbines market, disrupting supply chains, increasing energy prices, and prompting a shift towards renewable energy sources. The war led to sanctions on Russia, which is one of the world's largest exporters of natural gas, causing energy prices to soar and forcing the European countries to seek alternative energy sources.

It in turn, has created ample opportunities for the turbine market, as countries are increasingly turning to renewable energy sources such as wind and solar power to reduce their reliance on fossil fuels. Moreover, the war has disrupted supply chains for turbines and other energy equipment, which has led to delays in project development and increased costs. Despite these challenges, the long-term outlook for the global turbines market remain positive, as the transition to renewable energy is expected to continue in the years to come.

Key Players Landscape and Outlook

The turbine industry is experiencing a surge in innovation as major players pour resources into wind, steam, and gas turbine development. These companies are actively pursuing acquisitions, partnerships, and collaborations to expand their market presence and drive profitability. Moreover, this dynamic environment is fostering rapid advancements and accelerating the overall growth of the turbine industry.

In September 2023, through a minority stake investment in WindESCo, ABB gained access to the company's cutting-edge asset performance monitoring software and wake optimization solution. This partnership will enable ABB to offer a complete wind energy solution to its customers, encompassing both hardware and software components.

In July 2023, BHEL and GE Vernova extended their long-standing partnership to manufacture heavy-duty gas turbines. The collaboration would enhance BHEL's ability to provide advanced gas turbine technology and meet the power plant demands of its customers.

Table of Contents

1. Research Methodology

2. Project Scope & Definitions

3. Impact of COVID-19 on Global Turbines Market

4. Impact of the Russia-Ukraine War on Global Turbines Market

5. Executive Summary

6. Voice of Customer

  • 6.1. Product and Market Intelligence
  • 6.2. Factors Considered in Purchase Decisions
    • 6.2.1. Power Requirement
    • 6.2.2. Capacity
    • 6.2.3. Type of Turbine
    • 6.2.4. Brand
    • 6.2.5. Price
    • 6.2.6. Regulatory Compliance
    • 6.2.7. Energy Efficiency
    • 6.2.8. Lead Time
    • 6.2.9. Availability
    • 6.2.10. After Sales Support

7. Global Turbine Market Outlook, 2017-2031F

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
    • 7.1.2. By Volume
  • 7.2. By Type
    • 7.2.1. Steam Turbines
    • 7.2.2. Gas Turbines
    • 7.2.3. Hydro Turbines
    • 7.2.4. Wind Turbines
  • 7.3. By Power Range
    • 7.3.1. Less than 1 MW
    • 7.3.2. 1 MW to 50 MW
    • 7.3.3. 51 MW to 200 MW
    • 7.3.4. 201 MW to 500 MW
    • 7.3.5. Above 500 MW
  • 7.4. By End-user
    • 7.4.1. Power Generation
    • 7.4.2. Oil & Gas
    • 7.4.3. Chemical & Fertilizer
    • 7.4.4. Oil and Gas
    • 7.4.5. Others
  • 7.5. By Region
    • 7.5.1. North America
    • 7.5.2. Asia-Pacific
    • 7.5.3. Europe
    • 7.5.4. South America
    • 7.5.5. Middle East and Africa
  • 7.6. By Company Market Share (%), 2023

8. Global Turbine Market Outlook, By Region, 2017-2031F

  • 8.1. North America*
    • 8.1.1. Market Size & Forecast
      • 8.1.1.1. By Value
      • 8.1.1.2. By Volume
    • 8.1.2. By Type
      • 8.1.2.1. Steam Turbines
      • 8.1.2.2. Gas Turbines
      • 8.1.2.3. Hydro Turbines
      • 8.1.2.4. Wind Turbines
      • 8.1.2.5. Others
    • 8.1.3. By Power Range
      • 8.1.3.1. Less than 1 MW
      • 8.1.3.2. 1 MW to 50 MW
      • 8.1.3.3. 51 MW to 200 MW
      • 8.1.3.4. 201 MW to 500 MW
      • 8.1.3.5. Above 500 MW
    • 8.1.4. By End-user Industry
      • 8.1.4.1. Power Generation
      • 8.1.4.2. Oil and Gas
      • 8.1.4.3. Chemical & Fertilizer
      • 8.1.4.4. Others
    • 8.1.5. United States*
      • 8.1.5.1. Market Size & Forecast
      • 8.1.5.1.1. By Value
      • 8.1.5.1.2. By Volume
      • 8.1.5.2. By Type
      • 8.1.5.2.1. Steam Turbines
      • 8.1.5.2.2. Gas Turbines
      • 8.1.5.2.3. Hydro Turbines
      • 8.1.5.2.4. Wind Turbines
      • 8.1.5.3. By Power Range
      • 8.1.5.3.1. Less than 1 MW
      • 8.1.5.3.2. 1 MW to 50 MW
      • 8.1.5.3.3. 51 MW to 200 MW
      • 8.1.5.3.4. 201 MW to 500 MW
      • 8.1.5.3.5. Above 500 MW
      • 8.1.5.4. By End-user
      • 8.1.5.4.1. Power Generation
      • 8.1.5.4.2. Oil & Gas
      • 8.1.5.4.3. Chemical & Fertilizer
      • 8.1.5.4.4. Others
    • 8.1.6. Canada
    • 8.1.7. Mexico

All segments will be provided for all regions and countries covered

  • 8.2. Europe
    • 8.2.1. Germany
    • 8.2.2. France
    • 8.2.3. Italy
    • 8.2.4. United Kingdom
    • 8.2.5. Russia
    • 8.2.6. Netherlands
    • 8.2.7. Spain
  • 8.3. South America
    • 8.3.1. Brazil
    • 8.3.2. Argentina
  • 8.4. Asia-Pacific
    • 8.4.1. India
    • 8.4.2. China
    • 8.4.3. Japan
    • 8.4.4. Australia
    • 8.4.5. South Korea
  • 8.5. Middle East and Africa
    • 8.5.1. Saudi Arabia
    • 8.5.2. UAE
    • 8.5.3. South Africa

9. Market Mapping, 2023

  • 9.1. By Type
  • 9.2. By Power Range
  • 9.3. By End-user Industry
  • 9.4. By Region

10. Macro Environment and Industry Structure

  • 10.1. Supply Demand Analysis
  • 10.2. Import Export Analysis
  • 10.3. Value Chain Analysis
  • 10.4. PESTEL Analysis
    • 10.4.1. Political Factors
    • 10.4.2. Economic System
    • 10.4.3. Social Implications
    • 10.4.4. Technological Advancements
    • 10.4.5. Environmental Impacts
    • 10.4.6. Legal Compliances and Regulatory Policies (Statutory Bodies Included)
  • 10.5. Porter's Five Forces Analysis
    • 10.5.1. Supplier Power
    • 10.5.2. Buyer Power
    • 10.5.3. Substitution Threat
    • 10.5.4. Threat from New Entrant
    • 10.5.5. Competitive Rivalry

11. Market Dynamics

  • 11.1. Growth Drivers
  • 11.2. Growth Inhibitors (Challenges and Restraints)

12. Key Players Landscape

  • 12.1. Competition Matrix of Top Five Market Leaders
  • 12.2. Market Revenue Analysis of Top Five Market Leaders (in %, 2023)
  • 12.3. Mergers and Acquisitions/Joint Ventures (If Applicable)
  • 12.4. SWOT Analysis (For Five Market Players)
  • 12.5. Patent Analysis (If Applicable)

13. Pricing Analysis

14. Case Studies

15. Key Players Outlook

  • 15.1. Bharat Heavy Electricals Limited (BHEL)
    • 15.1.1. Company Details
    • 15.1.2. Key Management Personnel
    • 15.1.3. Products & Services
    • 15.1.4. Financials (As reported)
    • 15.1.5. Key Market Focus & Geographical Presence
    • 15.1.6. Recent Developments
  • 15.2. Mitsubishi Hitachi Power Systems Ltd (MHPS)
  • 15.3. Harbin Electric Company Limited
  • 15.4. ABB
  • 15.5. General Electric Company
  • 15.6. Siemens AG
  • 15.7. Doosan Heavy Industries & Construction Co. Ltd.
  • 15.8. Toshiba Corporation
  • 15.9. Dongfang Electric Corporation Limited
  • 15.10. Nordex SE

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

16. Strategic Recommendations

17. About Us & Disclaimer