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Turbines Market worth $26.61 billion by 2030, growing at a CAGR of 4.38% - Exclusive Report by 360iResearch
Turbines Market | 360iResearch
The Global Turbines Market to grow from USD 19.70 billion in 2023 to USD 26.61 billion by 2030, at a CAGR of 4.38%.
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Turbines are mechanical devices that convert kinetic and potential energy from a fluid flow into work for power generation. They consist of blades or a rotor assembly that spins as fluid, such as water, steam, or air, passes through it. This motion can be harnessed to drive an electrical generator, thereby producing electricity. The use of turbines is driven by surging requirements of renewable energy sources and advancements in technology, leading to more efficient turbines and global electricity consumption growth. Governments worldwide offer incentives and subsidies to encourage the adoption of cleaner energy, which is also propelling its utilization. The turbine market faces challenges such as high initial investment costs, the intermittency of renewable energy sources, and the need for significant infrastructure development. Additionally, the maintenance and upgrade of turbine equipment to keep up with technological advancements can be both costly and complex. Opportunities for the turbine include the development and deployment of more efficient and cost-effective turbines, expansion into emerging economies, and technological innovations that meet the growing demand for sustainable energy solutions. As the global focus on reducing carbon footprints intensifies, the demand for advanced turbine technologies is expected to rise.
Market Segmentation & Coverage:
This research report categorizes the Turbines Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Gas Turbines, Hydroelectric Turbines, Steam Turbines, and Wind Turbines. The Steam Turbines is projected to witness significant market share during forecast period.
Based on Capacity, market is studied across 100 kW to 500 kW, Less Than 100 kW, and More Than 500 kW. The More Than 500 kW is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Aerospace, Agriculture, Chemicals, Energy & Utilities, Manufacturing, and Marine. The Chemicals is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Turbines Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Turbines Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Turbines Market, highlighting leading vendors and their innovative profiles. These include Ansaldo Energia S.p.A., Bergey Windpower Co., Bharat Heavy Electricals Limited, Centrax Ltd, Dongfang Turbine Co.,Ltd., Doosan Enerbility Co., Ltd., Elliott Group, Enel S.p.a., Enercon GmbH, Envision Group, General Electric Company, GKN Ltd., Harbin Turbine Co. Ltd, Hitachi, Ltd., Kawasaki Heavy Industries, Ltd., MAN Energy Solutions SE, Mitsubishi Heavy Industries, Nordex SE, OPRA by Destinus, Rolls Royce PLC, Sany Heavy Industry Co., Ltd., Siemens AG, Solar Turbines Incorporated by Caterpillar Inc., Vestas Wind Systems A/S, and Xinjiang Goldwind Science & Technology Co., Ltd..
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Turbines Market, by Product
7. Turbines Market, by Capacity
8. Turbines Market, by End-User
9. Americas Turbines Market
10. Asia-Pacific Turbines Market
11. Europe, Middle East & Africa Turbines Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Turbines Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Turbines Market?
3. What is the competitive strategic window for opportunities in the Turbines Market?
4. What are the technology trends and regulatory frameworks in the Turbines Market?
5. What is the market share of the leading vendors in the Turbines Market?
6. What modes and strategic moves are considered suitable for entering the Turbines Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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