Global demand for turbines is projected to increase 6.1 percent annually through 2014. Growth will be driven by the wind turbine segment, but the large turbine engine sector will also post strong gains. The Asia/Pacific region will be among the fastest growing markets and expand its share of demand.
This study analyzes the $98.7 billion world turbine industry. It presents historical demand data for the years 1999, 2004 and 2009, with forecasts for 2014 and 2019 by turbine type (e.g., wind, gas combustion), application (e.g., electric power generation, aircraft engines, marine), world region and for 22 countries.
The study also considers market environment factors, details industry structure, evaluates company market share and profiles 34 industry competitors, including General Electric, Siemens and Vestas.