Global turbine demand will rise 4.9 percent annually through 2012. Gains in the large Chinese market will slow yet remain well above the average rate, with smaller developing markets growing even faster. Developed regions will also offer good opportunities. Aircraft engines will outpace the larger electric power generation market.
This study analyzes the $83.6 billion world turbine industry. It presents historical demand data for the years 1997, 2002 and 2007 and forecasts for 2012 and 2017 by product (e.g., wind, gas combustion, steam and hydraulic, microturbines, turbine engines, turbine generators and generator sets); 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 33 industry competitors, including General Electric, Siemens, and Pratt & Whitney.