Press release
What's driving the Industrial Gas Turbine Market trends? Zorya-Mashproekt, MAN Energy Solutions, Ansaldo Energia Spa, Capstone Turbine Corporation, UEC Saturn, Mitsubishi Hitachi Power Systems Ltd, Siemens AG, Kawasaki Heavy Industries Ltd, Bharat Heavy E
Industrial Gas Turbine Market
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Wind Turbine Market share will exceed USD 70 billion by 2024. Rising energy demand from private wind farm projects and utility aided sustainable establishments has positively influenced the industrial regime, across the globe. The major concern for industrial participants and utilities is to maintain a balance between the demand and supply of these units which in turn has intensified investments toward the improvement of renewable power generation technologies.
Europe wind turbine market is anticipated to witness an annual installation of over 20 GW by 2024. Low carbon emission, cost efficiency when compared to non-renewable energy sources and sustainable generation tariffs are few key parameters influencing the adoption of these technologies. Europe, in 2017, installed 16.8 GW additional wind power capacity, with 12,484 MW from onshore and 3,154 MW from offshore deployments.
Technological integration of distributed generation in existing energy applications will boost the > 2 MW product penetration. Cost competitiveness, low emissions, improved efficiency favored by improved technological proximity are few key parameters enhancing the acceptance of these units. In addition, the present development in technologies including flexibility of un-recuperated and recuperated systems and enhanced efficiency will further propel the wind turbine market.
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The stand-alone product portfolio is predicted to grow pertaining to economic feasibility and ease in operations in distant areas when compared to the on-grid power networks. Various government incentives and programs including rural electrification along with growing acceptance of microgrid electrical networks will further complement the business outlook. Lesser installation costs coupled with governmental reforms & schemes including FiT and net metering will stimulate the on-grid wind turbine market share. Swift expansion of utility-based electricity infrastructure to cater the rising electricity demand from residential & industrial areas will further strengthen the industry landscape.
Offshore deployments are predicted to surpass USD 16 Billion by 2024. Long term integration targets along with positive regulatory inclination will drive the global wind turbine market dynamics. Cost effectivity and higher operational efficiency are some of the imperative parameters which will positively influence the industry growth. Improved plant performance statistics in comparison to the available counterparts will further sway the technological demand.
Notable industry players operating across the global wind turbine market includes General Electric, Gamesa, Vestas, Senvion, Enercon, Siemens, Goldwind, Nordex Acciona, MHI-Vestas, Suzlon, United Power, Envision Energy, Mingyang, WEG SA, Wobben, Clipper, LM Windpower, Bergey, Impsa, Enessere and Northern Power Systems.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Wind Turbine Industry Insights
Chapter 4. Wind Turbine Market, By Axis
Chapter 5. Wind Turbine Market, By Installation
Chapter 6. Wind Turbine Market, By Connectivity
Chapter 7. Wind Turbine Market, By Rating
Chapter 8. Wind Turbine Market, By Application
Chapter 9. Wind Turbine Market, By Component
Chapter 6. Wind Turbine Market, By Region
Chapter 7. Company Profiles
Related Report:
Global Offshore Wind Turbine Market by Manufacturers, Regions, Type and Application, Forecast to 2023This report focuses on the Offshore Wind Turbine in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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