Global turbine demand will grow 6.5 percent annually through 2009. Power generation applications will outpace those of turbine-based aircraft engines. Strongest gains will occur in China and most other developing regions, although developed markets will also post healthy growth in specific product segments.
This study analyzes the $63 billion world turbine industry. It presents historical demand data (1994, 1999 and 2004) and forecasts to 2009 and 2014 by turbine product (e.g., gas combustion, steam and hydraulic, wind, microturbines, turbine engines, turbine generators and generator sets); by application (e.g., electric power generation, aircraft engines, marine); by world region and for 22 countries.
The study also considers market environment indicators, evaluates company market share and profiles 29 major producers including General Electric, Siemens, Vestas, Alstom, Rolls-Royce, Pratt & Whitney, and Snecma.