Turbine Blade Market Shares and Strategies of Key Players and Forecast 2017 - 2025

A turbine blade is an individual component and makes up the turbine unit of any type of turbine. The turbine blades extract energy from the high temperature produced by the combustor. Turbine blades are manufactured by using materials like super alloys and different methods of cooling, such as boundary layer cooling, internal air channels, and thermal barrier coatings to survive harsh environments. Materials such as U-500, Rene 77, Rene N5, Rene N6, PWA1484, CMSX-4 , CMSX-10, IN-738, GTD-111, EPM-102 (MX4 (GE), PWA 1497 (P&W)), Nimonic 80a, Nimonic 90, Nimonic 105, and Nimonic 263 are used in manufactuirng of blades. Failure in gas turbines and steam turbines is often caused due to blade fatigue. This blade fatigue is triggered by the stress induced by resonance and vibration within the functioning range of machinery. Generally, friction dampers are used to prevent blades from fatigue and high dynamic stress. Blades used in water turbines and wind turbines are designed in such a way that they could operate in diverse conditions and also involves functioning at lower rotational speeds and lower temperatures.

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The turbine blade market is expected to grow at a good rate in the coming years. The demand for turbine blades is anticipated to rise owing to favorable environmental policies of different countries, and continuously declining cost of energy generation using renewable energy sources. As reservoirs of non-renewable energy sources are fast getting destroyed, more people feel the need for using renewable energy sources for energy generation. This induces the need for using a turbine blade. Furthermore, governments are focusing on usage of renewable sources, encouraging the people to use the same, and implementing favorable policies and regulations. These are the factors which are also expected to contribute to the growth of the turbine blade market. The high initial capital investment, local regulatory body hurdles, and use of exclusive and costly material in the manufacturing of blades might act as a restraint to the turbine blade market. Also, various factors such as the upcoming growth in the wind energy sector, increasing projects which involve turbine blades, and repowering of old projects are likely to provide good growth opportunities to the turbine blade market during the forecast period.

The turbine blade market is segmented on the basis of type, blade design, application, end-user, and region. On the basis of type, turbine blades are classified as moving blades and fixed blades. Based on blade design, the turbine blades market can be segmented into impulse turbine and reaction turbine. On the basis of application, the market is segmented into water turbines, gas turbines, steam turbines, and wind turbines. On the basis of end-user, the market is segmented into aerospace, industrial, marine, automotive, and others. The turbine blade market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America on the basis of region. Furthermore, the regions are sub segmented into various countries such as the U.K., Germany, France, Italy, U.S., Canada, China, Japan, India, Saudi Arabia, South Africa, and Brazil. Emerging economies such as China and India are expected to show substantial growth during the forecast period.

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Some of the key players in the turbine blade market include General Electric, Kirloskar Brothers Limited, Sandvik Coromant, ANSALDO ENERGIA, Cryo Star, Dresser-Rand, Siemens AG, PBS Group, Fine Forge Limited, Turbocam International, Acciona S.A., Vestas Wind Systems, Suzlon Energy Limited, Stem AS, and Gamesa Corporacion Tecnologica. The key players in the market focus on partnerships and acquisitions to stay competitive. Furthermore, manufacturers focus on launch of quality and efficient products to retain their consumer base.

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North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
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Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
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