The world market for turbines and related products (turbine-based engines, generators, and generator sets) is forecast to rise 6.4 percent annually to $162 billion in 2016. Wind turbines will remain the largest and fastest growing segment (albeit at a more moderate rate), while demand for gas combustion turbines will accelerate.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.
Freedonia Market Research—Reports provide industry insights targeting market size, product and market segmentation, product and market forecasts, industry composition, market leaders and business trends.
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