World Turbines

Wind turbines will continue to be the fastest growing turbine product type through 2016, but a much higher base of existing capacity will limit the growth rate to a more moderate level.

World demand to rise 6.4% annually through 2016

The world market for turbines and related products is forecast to rise 6.4 percent annually to nearly $162 billion in 2016. This will represent a deceleration from the pace of the 2006-2011 period, primarily caused by a slowdown in sales of wind turbines. The global wind turbine market expanded sevenfold between 2001 and 2011 to become the single largest turbine product segment, overtaking turbine engines. Wind turbines will continue to be the fastest growing turbine product type through 2016, but a much higher base of existing capacity will limit the growth rate.

Demand for gas combustion turbines is expected to accelerate to a 7.3 percent annual growth rate through 2016. The market for gas turbines will benefit from a transition from coal to natural gas for electric power generation. In North America, the development of shale resources in the US has led to significantly lower gas prices in recent years, allowing gas-fired and combined-cycle plants to take on an expanded role in power generation. The continued transition away from coal will lead to increased investment in natural gas plants, spurring demand for gas turbines.

Demand growth in China to outpace US market

Between 2006 and 2011, the turbine market in China posted a 27 percent annual growth rate, by far the fastest in the world. The largest of these gains occurred in the wind turbine market, which saw demand multiply by a factor of nearly 15. China has become the largest market for wind turbines in the world, accounting for 43 percent of existing global capacity in megawatt (MW) terms at year-end 2011. Through 2016, the fastest growth in turbine demand will occur in Australia, which is investing heavily in wind power in order to reduce its dependence on carbon. Strong increases in turbine sales are also expected throughout the rest of the Asia/Pacific region.

The US, which is the second largest national market for turbine products behind China, will grow at an average pace through 2016, aided by an expanding market for gas turbines in power generation applications, continued healthy gains in demand for wind turbines, and an acceleration in new aircraft production. Mexico, fueled by increasing development of wind power, will be the second fastest growing market for turbine products worldwide. Western Europe will remain the slowest growing regional market, largely due to the maturity of its wind energy sector. However, the region still holds significant potential for offshore wind power, and gains in wind turbine demand will accelerate relative to the 2006-2011 pace.

Study Scope

This study analyzes the $119 billion world turbine industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by application (e.g., electric power generation, aircraft engines, marine), product (e.g., wind, gas combustion, steam and hydraulic, turbine engines, turbine generators and generator sets), 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 such as General Electric, Siemens, and Vestas Wind Systems.

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  1. World Turbines

    $6,100.00

    1. 1 INTRODUCTION

      $323.00

    2. 2 EXECUTIVE SUMMARY

      $323.00

      1. Table | WORLD TURBINE PRODUCT DEMAND (million dollars)

    3. 3 MARKET ENVIRONMENT

      $1,697.00

      1. 3.1 General

        $323.00

      2. 3.2 World Population Outlook

        $323.00

        1. Table | WORLD POPULATION BY REGION (million persons)

      3. 3.3 World Economic Overview

        $323.00

        1. 3.3.1 Recent Historical Trends

          $323.00

        2. 3.3.2 World Economic Outlook

          $323.00

          1. Table | WORLD GROSS DOMESTIC PRODUCT BY REGION (billion 2010 dollars)

      4. 3.4 World Industrial Overview

        $396.00

        1. 3.4.1 World Manufacturing Outlook

          $323.00

          1. Table | WORLD MANUFACTURING VALUE ADDED BY REGION (billion 2010 dollars)

        2. 3.4.2 World Fixed Investment Outlook

          $323.00

          1. Table | WORLD FIXED INVESTMENT BY REGION (billion 2010 dollars)

        3. 3.4.3 Aerospace Equipment Manufacturing Trends

          $323.00

          1. Table | WORLD AEROSPACE EQUIPMENT SHIPMENTS BY REGION (billion dollars)

      5. 3.5 World Electric Power Generation Outlook

        $323.00

        1. 3.5.1 Electricity Generation

          $323.00

          1. Table | WORLD ELECTRIC POWER GENERATION BY REGION (billion kilowatt hours)

        2. 3.5.2 Distributed Power/Micropower

          $323.00

      6. 3.6 World Wind Energy Overview

        $323.00

        1. Table | WORLD WIND POWER BY COUNTRY, 2011 (megawatts)

      7. 3.7 Turbine Pricing Patterns

        $323.00

      8. 3.8 Turbine Technology Trends

        $415.00

        1. 3.8.1 Basic Turbine Operation & Actuation Methods

          $323.00

        2. 3.8.2 Alternative/Competitive Power Sources

          $323.00

      9. 3.9 Environmental & Regulatory Issues

        $323.00

    4. 4 OVERVIEW

      $1,680.00

      1. 4.1 General

        $323.00

      2. 4.2 World Turbine Markets

        $1,377.00

        1. 4.2.1 Regional Markets

          $323.00

          1. Table | WORLD TURBINE PRODUCT DEMAND BY REGION (million dollars)

        2. 4.2.2 Applications

          $379.00

          1. Table | WORLD TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

          2. Table | WORLD ELECTRIC POWER GENERATION TURBINE PRODUCT DEMAND BY REGION (million dollars)

          3. Table | WORLD TURBINE-BASED AIRCRAFT ENGINE DEMAND BY REGION (million dollars)

          4. Table | TURBINE ENGINE PRODUCERS FOR SELECTED AIRCRAFT

          5. Table | WORLD MARINE & OTHER APPLICATIONS TURBINE PRODUCT DEMAND BY REGION (million dollars)

        3. 4.2.3 Products

          $803.00

          1. Table | WORLD TURBINE PRODUCT DEMAND BY TYPE (million dollars)

          2. Table | WORLD WIND TURBINE DEMAND BY REGION (million dollars)

          3. Table | WORLD GAS COMBUSTION TURBINE DEMAND BY REGION (million dollars)

          4. Table | WORLD STEAM & HYDRAULIC TURBINE DEMAND BY REGION (million dollars)

          5. Table | WORLD TURBINE ENGINE DEMAND BY REGION (million dollars)

          6. Table | WORLD TURBINE GENERATOR & GENERATOR SET DEMAND BY REGION (million dollars)

      3. 4.3 World Turbine Production

        $323.00

        1. Table | WORLD TURBINE PRODUCT SHIPMENTS BY REGION (million dollars)

      4. 4.4 International Trade

        $323.00

        1. Table | WORLD TURBINE PRODUCT NET EXPORTS BY REGION (million dollars)

    5. 5 NORTH AMERICA

      $1,185.00

      1. 5.1 North America: General

        $323.00

      2. 5.2 North America: Supply & Demand

        $323.00

        1. Table | NORTH AMERICA: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

      3. 5.3 North America: Outlook & Suppliers

        $323.00

        1. Table | NORTH AMERICA: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

      4. 5.4 United States

        $389.00

        1. Table | UNITED STATES: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

        2. Table | UNITED STATES: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

      5. 5.5 Canada

        $323.00

        1. Table | CANADA: TURBINE PRODUCT SUPPLY & DEMAND (million US dollars)

        2. Table | CANADA: TURBINE PRODUCT DEMAND BY APPLICATION (million US dollars)

      6. 5.6 Mexico

        $323.00

        1. Table | MEXICO: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

        2. Table | MEXICO: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

    6. 6 WESTERN EUROPE

      $2,869.00

      1. 6.1 Western Europe: General

        $323.00

      2. 6.2 Western Europe: Supply & Demand

        $323.00

        1. Table | WESTERN EUROPE: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

      3. 6.3 Western Europe: Outlook & Suppliers

        $323.00

        1. Table | WESTERN EUROPE: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

      4. 6.4 Belgium

        $323.00

        1. Table | BELGIUM: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

        2. Table | BELGIUM: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

      5. 6.5 Denmark

        $323.00

        1. Table | DENMARK: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

        2. Table | DENMARK: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

      6. 6.6 France

        $323.00

        1. Table | FRANCE: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

        2. Table | FRANCE: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

      7. 6.7 Germany

        $323.00

        1. Table | GERMANY: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

        2. Table | GERMANY: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

      8. 6.8 Italy

        $323.00

        1. Table | ITALY: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

        2. Table | ITALY: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

      9. 6.9 Netherlands

        $323.00

        1. Table | NETHERLANDS: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

        2. Table | NETHERLANDS: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

      10. 6.10 Spain

        $323.00

        1. Table | SPAIN: TURBINE PRODUCT DEMAND SUPPLY & DEMAND (million dollars)

        2. Table | SPAIN: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

      11. 6.11 Sweden

        $323.00

        1. Table | SWEDEN: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

        2. Table | SWEDEN: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

      12. 6.12 Switzerland

        $323.00

        1. Table | SWITZERLAND: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

        2. Table | SWITZERLAND: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

      13. 6.13 United Kingdom

        $323.00

        1. Table | UNITED KINGDOM: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

        2. Table | UNITED KINGDOM: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

      14. 6.14 Other Western Europe

        $323.00

        1. Table | OTHER WESTERN EUROPE: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

        2. Table | OTHER WESTERN EUROPE: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

    7. 7 ASIA/PACIFIC

      $2,111.00

      1. 7.1 Asia/Pacific: General

        $323.00

      2. 7.2 Asia/Pacific: Supply & Demand

        $323.00

        1. Table | ASIA/PACIFIC: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

      3. 7.3 Asia/Pacific: Outlook & Suppliers

        $323.00

        1. Table | ASIA/PACIFIC: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

      4. 7.4 Australia

        $323.00

        1. Table | AUSTRALIA: TURBINE PRODUCT SUPPLY & DEMAND (million US dollars)

        2. Table | AUSTRALIA: TURBINE PRODUCT DEMAND BY APPLICATION (million US dollars)

      5. 7.5 China

        $452.00

        1. Table | CHINA: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

        2. Table | CHINA: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

      6. 7.6 India

        $323.00

        1. Table | INDIA: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

        2. Table | INDIA: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

      7. 7.7 Japan

        $353.00

        1. Table | JAPAN: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

        2. Table | JAPAN: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

      8. 7.8 South Korea

        $323.00

        1. Table | SOUTH KOREA: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

        2. Table | SOUTH KOREA: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

      9. 7.9 Other Asia/Pacific

        $323.00

        1. Table | OTHER ASIA/PACIFIC: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

        2. Table | OTHER ASIA/PACIFIC: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

    8. 8 OTHER REGIONS

      $2,132.00

      1. 8.1 Central & South America

        $690.00

        1. 8.1.1 Central & South America: General

          $323.00

        2. 8.1.2 Central & South America: Supply & Demand

          $323.00

          1. Table | CENTRAL & SOUTH AMERICA: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

        3. 8.1.3 Central & South America: Outlook & Suppliers

          $323.00

          1. Table | CENTRAL & SOUTH AMERICA: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

        4. 8.1.4 Brazil

          $323.00

          1. Table | BRAZIL: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

          2. Table | BRAZIL: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

        5. 8.1.5 Other Central & South America

          $323.00

          1. Table | OTHER CENTRAL & SOUTH AMERICA: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

          2. Table | OTHER CENTRAL & SOUTH AMERICA: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

      2. 8.2 Eastern Europe

        $1,188.00

        1. 8.2.1 Eastern Europe: General

          $323.00

        2. 8.2.2 Eastern Europe: Supply & Demand

          $323.00

          1. Table | EASTERN EUROPE: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

        3. 8.2.3 Eastern Europe: Outlook & Suppliers

          $323.00

          1. Table | EASTERN EUROPE: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

        4. 8.2.4 Czech Republic

          $323.00

          1. Table | CZECH REPUBLIC: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

          2. Table | CZECH REPUBLIC: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

        5. 8.2.5 Poland

          $323.00

          1. Table | POLAND: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

          2. Table | POLAND: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

        6. 8.2.6 Russia

          $323.00

          1. Table | RUSSIA: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

          2. Table | RUSSIA: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

        7. 8.2.7 Other Eastern Europe

          $323.00

          1. Table | OTHER EASTERN EUROPE: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

          2. Table | OTHER EASTERN EUROPE: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

      3. 8.3 Africa/Mideast

        $323.00

        1. 8.3.1 Africa/Mideast: General

          $323.00

        2. 8.3.2 Africa/Mideast: Supply & Demand

          $323.00

          1. Table | AFRICA/MIDEAST: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)

        3. 8.3.3 Africa/Mideast: Outlook & Suppliers

          $323.00

          1. Table | AFRICA/MIDEAST: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)

    9. 9 INDUSTRY STRUCTURE

      $6,138.00

      1. 9.1 General

        $323.00

        1. Table | TURBINE PRODUCT SALES BY COMPANY, 2011 (million dollars)

      2. 9.2 Industry Composition & Market Share

        $323.00

        1. 9.2.1 Electric Power Generation

          $323.00

        2. 9.2.2 Aircraft Engines

          $323.00

      3. 9.3 Product Development & Manufacturing

        $323.00

      4. 9.4 Marketing & Distribution

        $323.00

      5. 9.5 Financial Issues & Requirements

        $323.00

      6. 9.6 Mergers & Acquisitions

        $323.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      7. 9.7 Cooperative Agreements

        $826.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      8. 9.8 Company Profiles

        $6,138.00

        1. 9.8.1 ABB Limited

          $323.00

        2. 9.8.2 Acciona SA

          $323.00

        3. 9.8.3 Alstom SA

          $323.00

        4. 9.8.4 Avio SpA

          $440.00

        5. 9.8.5 Bharat Heavy Electricals Limited

          $323.00

        6. 9.8.6 Capstone Turbine Corporation

          $323.00

        7. 9.8.7 Caterpillar Incorporated

          $323.00

        8. 9.8.8 China Chang Jiang Energy Corporation

          $323.00

        9. 9.8.9 Dongfang Electric Corporation

          $323.00

        10. 9.8.10 Doosan Heavy Industries and Construction Company Limited

          $323.00

        11. 9.8.11 Dresser-Rand Group Incorporated

          $323.00

        12. 9.8.12 Enercon GmbH

          $323.00

        13. 9.8.13 Finmeccanica SpA

          $323.00

        14. 9.8.14 Gamesa Corporación Tecnólogica SA

          $323.00

        15. 9.8.15 General Electric Company

          $754.00

        16. 9.8.16 GKN plc

          $336.00

        17. 9.8.17 Hitachi Limited

          $323.00

        18. 9.8.18 Honeywell International Incorporated

          $323.00

        19. 9.8.19 IHI Corporation

          $323.00

        20. 9.8.20 MAN SE

          $323.00

        21. 9.8.21 Mitsubishi Heavy Industries Limited

          $457.00

        22. 9.8.22 MTU Aero Engines Holding GmbH

          $491.00

        23. 9.8.23 Nordex SE

          $323.00

        24. 9.8.24 Rolls-Royce Holdings plc

          $642.00

        25. 9.8.25 SAFRAN SA

          $517.00

        26. 9.8.26 Siemens AG

          $323.00

        27. 9.8.27 Sinovel Wind Group Company Limited

          $323.00

        28. 9.8.28 Suzlon Energy Limited

          $323.00

        29. 9.8.29 Toshiba Corporation

          $323.00

        30. 9.8.30 United Technologies Corporation

          $580.00

        31. 9.8.31 Vestas Wind Systems A/S

          $323.00

        32. 9.8.32 Voith GmbH

          $323.00

        33. 9.8.33 Volvo AB

          $323.00

        34. 9.8.34 Xinjiang Goldwind Science & Technology Company Limited

          $323.00

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