Turbine Market will grow at Double Digit CAGR During 2017-2023 | Global Key Players (GE Steam Turbines, Agtos GmbH, Kirloskar Brothers Ltd., ELETTROMECCANICA SALMINI SANTINO, ANDRITZ)

Market Highlights:

Due to an increase in power generation capacity, a shift towards renewable resources, government subsidies to encourage renewable energy, technological advancements which increased electrical generation and high demand from BRIC nations are some key factors influencing the market growth. However, factors such as the cost to manufacture wind turbines and install are restricting the market.

Turbine is any of a variety of devices that change the energy in a stream of fluid into mechanical energy. The conversion is usually accomplished by passing the fluid through a system of stationary passages or vanes that alternate with passages consisting of finlike blades attached to a rotor. By arranging the flow so that a tangential force, or torque, is exerted on the rotor blades, the rotor turns, and work is extracted.

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Top Industry Players:

Some of the key players in global market include GE Steam Turbines, Agtos GmbH, Kirloskar Brothers Ltd., ELETTROMECCANICA SALMINI SANTINO, ANDRITZ, Elliott Group, MAN Diesel & Turbo, ANSALDO ENERGIA, Hyundai Heavy Industries-Industrial Pump, GE Renewable Energy, Cornell Pump, Kirloskar, Cryo Star, IREM SPA and GE Gas Turbines.

What our report offers:

• Market share assessments for the regional and country level segments
• Market share analysis of the top industry players
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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Market Segments:

Amongst Product Type, gas turbine is one of the extensively used power generating technologies. Gas turbines are a type of internal combustion (IC) engine in which burning of an air-fuel mixture produces hot gases that spin a turbine to produce power. Production of hot gas occurs during fuel combustion in a gas turbine. It can use a variety of fuels, with natural gas, fuel oils, and synthetic fuels. Combustion occurs continuously in gas turbines, as opposed to reciprocating IC engines, in which combustion occurs intermittently. Asia Pacific held largest market share during forecast period.
In emerging countries such as China and India, factors such as the growth in demand for electricity fuelled by high levels of urbanization, industrialization, and infrastructural improvements are expected to spur the demand for turbines.

Product Types Covered:
• Hydraulic Turbine
• Pneumatic Turbine
• Gas Turbine
• Steam Turbine
• Nuclear Turbine
• Wind Turbine
Applications Covered:
• Marine
• Power Generation
• Nuclear
• Aeronautics
• Power Storage
• Mechanical Drive

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This release was published on openPR.