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Article Title: World demand for turbines to reach $106 billion in 2012
Publication: Power Engineering, 6/25/2008
Freedonia Study: World Turbines (2315)

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The world market for turbines and related products (turbine-based engines, generators and generator sets) is projected to increase 4.9 percent annually to $106 billion in 2012. Growth will be driven by rising demand in the large turbine engine segment, supported by increases in aircraft manufacturing, as well as continued strength in a number of power generation markets. Growth will moderate after a decade-long boom in wind turbine demand moved these products from a niche market.
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