Contents:

1. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS 1 Study Reliability and Reporting Limitations 1 Disclaimers 2 Data Interpretation & Reporting Level 2 Quantitative Techniques & Analytics 3 Product Definitions and Scope of Study 3 Hydraulic Turbines 3 Steam Turbines 4 Gas Turbines 4 Wind Turbines 4 Combined-Cycle/Combined-Heat-and-Power Turbines 4 Combustion Turbines 4 Turbine Generators Set 4 2. INDUSTRY OVERVIEW 5 A Primer 5 Recession Impact in Retrospect 6 Sanguine Prospects for Wind Energy, Post Recession 7 Gas Turbines Come Under the Yoke, But Future Remains Bright 8 Other Trends & Issues 8 Denmark: Leading the Wind Turbine Manufacturing Sector 8 Offshore Wind Turbines - A High Potential Market 9 China All Set to Dominate the Wind Turbine Manufacturing Sector 9 Steam Turbines on the Brink of Saturation 9 Electric Motors: A Rising Threat for the Gas Turbine Industry 10 Micro and Mini Turbines Traverse Troughs and Crests 10 Rising Demand for Large Wind Turbines 11 Hybrid Power Wind Turbines On a Rise 11 Rising Oil Prices Fuel Demand for Wind Turbines 12 Small Turbines Picking Up Pace 12 Key Market Share Findings 12 Table 1: Global Electric Power Generation Turbine Market (2010): Percentage Market Share Breakdown of Revenues by Leading Players (includes corresponding Graph/Chart) 12 Table 2: World Wind Turbine Market (2010): Percentage Market Share Breakdown of Key Players (includes corresponding Graph/Chart) 13 Table 3: World Industrial Gas Turbines Market (2010): Percentage Market Share Breakdown of Leading Players (includes corresponding Graph/Chart) 13 Table 4: World Industrial Gas Turbine Market (2010): Percentage Share Breakdown of the Installed Base by Industrial Sector (includes corresponding Graph/Chart) 14 Table 5: World Industrial Gas Turbine Market (2009): Percentage Share Breakdown of the Installed Base by Type (includes corresponding Graph/Chart) 14 Table 6: World Hydro Turbines Market (2010): Percentage Market Share Breakdown of Leading Players (includes corresponding Graph/Chart) 14 3. TURBINES AND TURBINE GENERATOR SETS - AN OVERVIEW 15 Turbines - The Energy Generators 15 Gas Turbines 15 Steam Turbines 16 Combined-Cycle/Combined-Heat-and-Power Turbines 16 Mode of Operation 17 Hydraulic Turbines 17 Wind Turbines 17 Small Wind Turbines - Simple and Efficient 18 Hybrid Power Wind Turbines: A Technical Insight 19 Solar Turbines 19 Distributed Power Generation - The Future of Power Generation 19 Combustion Turbines 19 Industrial Turbines 20 Mini and Micro Turbines 20 Advantages of Microturbines 20 Applications of Microturbines 21 Combined Heat and Power (Co-Generation) 21 Offshore Rigs 21 Hospitals 21 Backup Generators 22 Vehicle Applications 22 Hybrid Vehicle (microturbine connected to high speed alternator) 22 Hybrid Vehicle (microturbine and fuel cell together) 22 Fuel Cells 22 Trade Groups 23 Turbine Trade Groups 23 Engine Trade Groups 23 4. RESEARCH AND DEVELOPMENT 24 ATS 24 NGT 24 CHAT 24 5. PRODUCT INTRODUCTIONS/INNOVATIONS 25 Goldwind to Launch High Altitude WTGS in China 25 WinWinD Introduces 3 MW Wind Turbine 25 Doosan Portable Power Rolls Out G325 Mobile Generator 25 GE Energy Introduces Onshore Turbine 25 Suzlon Energy Introduces New Suite of Wind Turbines 26 ACCIONA Windpower Introduces 3MW AW3000/116 Turbines 26 Southwest Windpower Introduces Skystream 600 Small Wind Turbine 26 Nordex Launches N150/6000 Offshore Wind 26 Nordex to Introduce N117/2400 Turbine 26 Vestas to Launch 6 MW Offshore Turbine 27 Northern Power Launches Northern Power 2.3 Wind Turbine 27 GE Launches Wind Turbine Towers for the German Market 27 Siemens Unveils STC-ECO Seal-less Compressors and SGT-750 Turbine 27 GE Rolls Out 4.1-113 Offshore Wind Turbine 28 KENERSYS Introduces K100 2.5MW Wind Turbine in India 28 Vestas Launches New 7-Megawatt Offshore Wind Turbine 28 Nordex to Introduce N117/2400 Wind Turbine System 28 ICE Renewables to Introduce 2 GEV MP Vergnet Wind Turbines in UK 29 Sauer Energy to Introduce New WindCharger Turbine Technology 29 Suzlon Introduces S9X Series of Wind Turbines 30 Siemens Introduces Direct Drive Gearless Wind Turbines for Moderate to Low Wind Speeds 30 REpower Unveils 3.2M114 Wind Turbines 31 Siemens Introduces SWT-2.3-113 Wind Turbine in India 31 Enercon Unveils 3MW-Category Liquid-Cooled Wind Turbines 32 SEI Introduces New VAWT Design 33 Sinovel Announces Introduction of 5 MW Wind Turbines 33 WindStream to Unveil TurboMill Wind Turbine 33 Atlantis Launches AK1000™ Tidal Power Turbine 34 GE Adds a New Wind Turbine to Its Portfolio 34 REpower to Unveil MM100 Wind Turbine 34 Endurance Launches E-3120 Wind Turbine 35 Hybrid Turbines Unveils New Hybrid Gas-Wind Turbine System 35 Parafold Towers Launches Parafold™ Wind Tower 35 Gamesa Unveils G136 Wind Turbine 36 Siemens Energy Introduces New SWT-3.0-101 36 GE Plans to Launch 4MW Wind Turbine 36 Nordex to Unveil Gamma Generation 36 GE to Introduce Wind Turbine of 2.5 MW in North America 37 GE Launches AltairSystem3™ Inlet Filtration System 37 Siemens Launches New Gas Turbines 37 Vestas to Introduce New Offshore Model Turbine 37 Kawasaki Heavy Unveils Gas Turbines with New Combustion Technology to Reduce NOx Emission 38 Siemens Launches New Offshore Wind Turbine, SWT-3.6-120 38 Siemens and StatoilHydro Introduce 2.3MW Hywind Turbine 38 GE Introduces Gas Turbines for extreme Environments 38 Albany Deploys Hydro-Turbine Generator 39 REpower to Launch 6M Turbine Series 39 GE Energy Unveils WindBOOST™ for Enhancing Wind Turbine Output 39 GE Energy to Introduce 2.5 MW Wind Turbine, 2.5xl 39 GE Energy Launches WindINERTIA, New Control for Wind Turbines 40 GE Energy Unveils WindLAYOUT Service for Wind Turbine Layout Optimization 40 Siemens Launches SWT-2.3-101, Wind Turbine for Low/Medium Wind Speeds 40 MHI Develops J-Series Gas Turbine 40 GE Energy Unveils New Static and Self-cleaning Gas Turbine Inlet Filters 41 GE Energy Introduces Frame 7FA Gas Turbine 41 GE Energy Rolls Out LM6000 PG Aeroderivative Gas Turbine 41 REpower Systems Launches REpower 6M 42 Vestas Unveils V60-850 kW Wind Turbine 42 6. RECENT INDUSTRY ACTIVITY 43 WinWind to Install 40 turbines in Finlands New Wind Parks 43 FUTURAWIND Inks Licensing Agreement with ADITHYAWIND 43 Capstone Signs OEM with SET Corp for Supply and Distribution 43 Nordexs US Unit and Way Wind Form JV 44 Equisol and Tower Turbines Ink Purchase Agreement 44 The Timken Company and Xinjiang Goldwind Science & Technology Ink Strategic Partnership Agreement 44 Xinjiang Goldwind Science and Technology Bags Order from Investment Developers 45 Vestas Bags Turbine Order from Longyuan 45 Alstom Enters into Strategic Partnership with LM Wind Power 45 JSW and Toshiba Form JV 45 Kenersys Establishes Manufacturing Facility 45 Scottish and Southern Energy Forms JV with Marsh Global Holdings Unit 46 GE and GMR Energy Ink Service Agreement 46 Transcat Takes Over Wind Turbine Tools 46 Voith Fuji Acquires Ebaras Hydroturbine Segment 46 LM Wind Buys Out Encore Power 47 GE Takes Over WTS Next Generation Technology 47 Emerson Takes Over Turbine Control Service 47 GE Takes Over Wastachs Tall Tower Technology 47 REpower Signs Wind Turbine Framework Agreement with Juwi 48 Vestas Signs Supply and Framework Contracts in China 48 EnerjiSA Inaugurates Wind Farm in Northwestern Turkey 48 WEG Announces Joint Venture with MTOI 48 GE Signs Strategic Agreement with China Huadian 48 Powerica Enters into Joint Development Agreement with Vestas India 49 L&T-MHI Inaugurates New Facilities 49 UTC to Acquire Clipper Windpower 49 KSK Power Group to Acquire 250 MW Wind Turbines from Dongfang Electric 50 Xinjiang Goldwind Science and Technology Inks Licensing Agreement with Infineon Technologies 50 Emgasud Procures Wind Turbines from Vestas 50 REpower Systems and Woodward Governor Ink Multi-year Agreement 50 Impact Technologies Collaborates with Syracuse University 51 Holmen Signs Agreement with E.ON for Wind Power 51 NgenTec Signs Partnership with David Brown for Generator Technology 51 PNE Wind Team Exclusively with Vestas in North Sea 51 Suzlon to Form Joint Venture with Affinity Wind 52 Unitron Electronics and Xiangtan Shitong Sign Agreement for Wind Power 52 Endurance Partners TWN to Bring Clean Energy to First Nations 52 Worthington Plans Joint Venture with Gestamp for Wind Turbine Metal Towers 53 Evance and Endurance Team up to Market E-3120 50kW Turbines in Europe 53 CEL Signs Agreement with Suzlon Energy 53 Nevis Capital Acquires Shetland Wind Power 54 WEG and MTOI Team Up to Produce Wind Turbines in Brazil 54 Ikea Acquires Six Wind Farms from Gamesa 54 Alstom Power Signs Joint Venture Agreement with NPCIL and BHEL 55 Emerson Takes Over Innovative Control Systems 55 Alstom Hydro Purchases Assets of North American Phoenix Energy Services 55 Siemens Energy Acquires Interest in Marine Current Turbines 56 Endurance Wind Enters into Partnership with Milbank 56 Northrop and Gamesa Venture into Partnership 56 Windspire Energy and MasTech Wind Enter into Supply Agreement 56 Vestas Signs a Master Supply Agreement with EDP Renováveis 57 Rolls-Royce Enters into Agreement with STX Engine 57 Electric Develops Hybrid Energy Micro Turbines with Capstone 57 Shear Wind Signs Comprehensive EPC and Maintenance Agreements with ENERCON 58 DONG Signs Agreement to Source Test Turbines from Siemens 58 SSE Signs Service Contract with GE for Their Turbines 58 Suzlon Teams with Volkswind to Penetrate Bulgarian Wind Energy Market 59 Moog Collaborates with Sewind to Supply Wind Turbine Accessory 59 DSME Inks Pact with Nova Scotia to Establish Wind Turbine Manufacturing Facility 59 Alstom to Set Up Joint Venture with Shanghai Electric 60 BHEL Establishes Gas Turbine Generating Unit 60 Gulf Turbine Services Expands Support Services for Gas Turbines in Abu Dhabi 61 Siemens to Establish New Gas Turbine Production Plant 61 Moventas and Dong Fang New Energy Equipment to Forms Joint Venture 61 GE Oil & Gas and Triveni Engineering & Industries signs a joint venture agreement 62 Toshiba and IHI Enters into Joint Venture 62 Siemens Inks Agreement with Ningxia East Thermal Power 62 Siemens Inks Memorandum of Understanding in Wind Power Sector 63 CG Automation Purchases Second Wind Systems Technology 63 Siemens Purchases Stake in Marine Current Turbines 63 Capstone Buys Calnetixs Microturbine Product Line (TA100) and Sign Agreements 64 REpower Systems Inks Agreement with Akuo Energy 65 Dresser-Rand Takes Over Leading Edge Turbine Technologies 65 AMSC Inks Follow-On Agreement with Dogfang Turbine 65 Rolls-Royce and EPSRC to Collaborate with UK Universities 65 REpower Systems Signs Agreement with Valorem 66 M.Torres and Gamesa to Develop Wind Turbine Research and Development Project 66 GE Inks Operation & Maintenance Agreement with E.ON 66 DONG Energy Acquires Wind Turbine Projects 67 Chromalloy Gas Turbine Acquires Turbine Services 67 WinWinD Power Energy Establishes New Wind Turbine Manufacturing Facility 68 General Electric Acquires ScanWind 68 AREVA Inks Agreement with Prokon Nord Energiesysteme 68 MAN Diesel Merges with MAN Turbo 68 Composite Technology Reaches an Agreement to Sell its DeWind Turbine Business to DSME of South Korea 69 Helix Wind Purchase ARE and REE 69 STX Engine Enters Gas Turbine Manufacture with Rolls Royce 70 Vista Dorada Signs Letter of Intent with GC Nordic 70 GE, ZKMK and Samruk Kazyna to Enter into Joint Venture 70 SPC Announces Acquisition of Naga Power Plant 70 Mitsubishi Heavy to Enter into JV with Thai Firms 71 DHIC Inks Contract to Acquire Skoda Power 71 LGC Scrota Acquires LGC 71 GE Drivetrain Technologies Enters into JV with Chongging Xinxing Fengneng 71 Dong Energy Collaborates with SPV Acquires 50% stake in Lincs Project 72 GFL to Set Up Inbox Wind to Produce Wind Turbines 72 Duke Energy and UNC Signs Pilot Project Agreement 72 RES Canada Enters Framework Agreement with REpower 72 ABL Signs Exclusive Distribution Agreement with Eveready 72 AEP to Buy Alston's Steam Turbines 73 EDF Energies Enters into an Agreement with SkyPower 73 AAER Enters into an Agreement with Hyundai Heavy Industries 73 Win Wind Power Energy to Establish Wind Turbine Manufacturing Facility 73 Navajo Acquires Guangzhou Jianianxiang 73 PSE Acquires Electric Generators from Public Service Resources 74 SSE to Build New Plants 74 Bharat Forge Enters into an Agreement with Areva 74 GE to Establish Wind-Turbine Components Facility in Vietnam 75 Ashland Enters into Collaboration with Endurance and Amtech to Produce Wind Turbine Blades 75 Mitsubishi Takes Over Maintenance Partners NV 75 Statkraft to Acquire Stakes in Wind Farm Project in the UK 76 Pristine Power Announces Reservation of Siemens Turbine Generators for York Project 76 Victory Industrial Acquires KDS International 76 Iberdrola Announces Divestment of Interest in Gamesa 77 Helix Wind and Synergy California Sign Joint Distribution Deal over Small Wind Turbines 77 Duke Energy Plans to Acquire North Allegheny Windpower Project from Gamesa 78 EnBW Enters into Partnership with Nordex 78 FM and BroadStar Enter into Partnership 78 A-Power to Set up Joint Venture with Jiangsu 79 A-Power, Jiangsu Sign LOI 79 BHEL, Siemens to Establish Joint Venture 79 Navajo, Mingchuang to Set up Joint Venture 80 MHI and GE Enter into MOU for Co-Developing GTCC Steam Turbine 80 GE Drivetrain and A-Power Ink Two LOIs 80 NTC Licenses Industrial Steam Turbine Design Technology from GE 81 Alstom Inks Deal with Eskom to Overhaul Koeberg Nuclear Power Station 82 7. FOCUS ON SELECT GLOBAL PLAYERS 83 ABB Ltd. (Switzerland) 83 Alstom SA (France) 83 Ansaldo Energia Spa (Italy) 84 Bharat Heavy Electricals Limited (India) 84 Caterpillar, Inc. (USA) 85 DeWind Inc. (USA) 85 Dongfang Electric Corporation (China) 85 Enercon GmbH (Germany) 85 Gamesa (Spain) 86 GE Energy (USA) 86 Goldwind Science & Technology Co., Ltd. (China) 86 Harbin Turbine Co., Ltd. (China) 87 Hitachi, Ltd. (Japan) 87 Jeumont Electric (France) 87 JFE Holdings, Inc., (Japan) 87 Mitsubishi Heavy Industries Ltd. (Japan) 87 Nordex Aktiengesellschaft (Germany) 88 Pratt & Whitney (United States) 88 Rolls Royce Group Plc (UK) 88 Shanghai Electric Group Co., Ltd. (China) 89 Shin Nippon Machinery Co., Ltd. (Japan) 89 Siemens AG (Germany) 89 Suzlon Energy Limited (India) 90 REpower Systems SE (Germany) 90 Toshiba Corporation (Japan) 90 Vestas Wind Systems A/S (Denmark) 90 8. GLOBAL MARKET PERSPECTIVE 91 Value Analysis 91 Table 7: World Recent Past, Current & Future Analysis for Turbines and Turbine Generator Sets by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with Annual Sales in US$ Million for Years 2009 through 2017 (includes corresponding Graph/Chart) 91 Table 8: World Historic Review for Turbines and Turbine Generator Sets by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with Annual Sales in US$ Million for Years 2003 through 2008 (includes corresponding Graph/Chart) 92 Table 9: World 15-Year Perspective for Turbines and Turbine Generator Sets by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets for Years 2003, 2010 & 2017 (includes corresponding Graph/Chart) 93 Capacity Analysis 94 Table 10: World Recent Past, Current & Future Analysis for Turbines and Turbine Generator Sets by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with New Capacity Addition in Megawatts for Years 2009 through 2017 (includes corresponding Graph/Chart) 94 Table 11: World Historic Review for Turbines and Turbine Generator Sets by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with New Capacity Addition in Megawatts for Years 2003 through 2008 (includes corresponding Graph/Chart) 95 Table 12: World 15-Year Perspective for Turbines and Turbine Generator Sets by Geographic Region - Percentage Breakdown of New Capacity Addition in Megawatts for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets for Years 2003 2010 & 2017 (includes corresponding Graph/Chart) 96 Turbines and Turbine Generator Sets by Product Segment 97 Table 13: World Recent Past, Current & Future Analysis for Hydraulic Turbines by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with New Capacity Addition in Megawatts for Years 2009 through 2017 (includes corresponding Graph/Chart) 97 Table 14: World Historic Review for Hydraulic Turbines by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with New Capacity Addition in Megawatts for Years 2003 through 2008 (includes corresponding Graph/Chart) 98 Table 15: World 15-Year Perspective for Hydraulic Turbines by Geographic Region - Percentage Breakdown of New Capacity Addition in Megawatts for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets for Years 2003, 2010 & 2017 (includes corresponding Graph/Chart) 99 Table 16: World Recent Past, Current & Future Analysis for Steam Turbines by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with New Capacity Addition in Megawatts for Years 2009 through 2017 (includes corresponding Graph/Chart) 100 Table 17: World Historic Review for Steam Turbines by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with New Capacity Addition in Megawatts for Years 2003 through 2008 (includes corresponding Graph/Chart) 101 Table 18: World 15-Year Perspective for Steam Turbines by Geographic Region - Percentage Breakdown of New Capacity Addition in Megawatts for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets for Years 2003, 2010 & 2017 (includes corresponding Graph/Chart) 102 Table 19: World Recent Past, Current & Future Analysis for Gas Turbines by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with New Capacity Addition in Megawatts for Years 2009 through 2017 (includes corresponding Graph/Chart) 103 Table 20: World Historic Review for Gas Turbines by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with New Capacity Addition in Megawatts for Years 2003 through 2008 (includes corresponding Graph/Chart) 104 Table 21: World 15-Year Perspective for Gas Turbines by Geographic Region - Percentage Breakdown of New Capacity Addition in Megawatts for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets for Years 2003, 2010 & 2017 (includes corresponding Graph/Chart) 105 Table 22: World Recent Past, Current & Future Analysis for Wind Turbines by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with New Capacity Addition in Megawatts for Years 2009 through 2017 (includes corresponding Graph/Chart) 106 Table 23: World Historic Review for Wind Turbines by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with New Capacity Addition in Megawatts for Years 2003 through 2008 (includes corresponding Graph/Chart) 107 Table 24: World 15-Year Perspective for Wind Turbines by Geographic Region - Percentage Breakdown of New Capacity Addition in Megawatts for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets for Years 2003, 2010 & 2017 (includes corresponding Graph/Chart) 108 Table 25: World Recent Past, Current & Future Analysis for Other Turbines by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with New Capacity Addition in Megawatts for Years 2009 through 2017 (includes corresponding Graph/Chart) 109 Table 26: World Historic Review for Other Turbines by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with New Capacity Addition in Megawatts for Years 2003 through 2008 (includes corresponding Graph/Chart) 110 Table 27: World 15-Year Perspective for Other Turbines by Geographic Region - Percentage Breakdown of New Capacity Addition in Megawatts for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets for Years 2003, 2010 & 2017 (includes corresponding Graph/Chart) 111 9. THE UNITED STATES 112 A.Market Analysis 112 Current & Future Analysis 112 North American Power Generation Market 112 Gas Turbines 112 Micro and Mini Turbine Market in North America 112 Market Drivers 112 End-User Demand 112 Low Environmental Pollution Issues 113 US Power Generation Market 113 A Highly Decentralized Market 113 Environmental Policies Guiding the Power Generation Market 113 Wind Power Market 113 PTC Extension Restores Market Momentum 113 Going with the Wind 114 Key Statistical Findings 115 Table 28: U.S Energy Market (2010): Percentage Breakdown of Net Energy Generated by Source (includes corresponding Graph/Chart) 115 Product Launches 115 Strategic Corporate Developments 120 Select US Players 127 Table 29: US Steam Turbines Market (2010): Percentage Share Breakdown of Annual Revenues of Capacity Additions for Independent Power Producers (IPP), Utilities, and Industries (includes corresponding Graph/Chart) 128 Table 30: US Gas Turbines Market (2010): Percentage Share Breakdown of Annual Revenues of Capacity Additions Utilities, Independent Power Producers (IPP), and Industries (includes corresponding Graph/Chart) 128 Table 31: US Wind Turbine Market (2010): Percentage Market Share Breakdown of Key Players (includes corresponding Graph/Chart) 129 Table 32: US Wind Power Project Ownership (2010): Percentage Share Breakdown of Capacity by Owner Type (includes corresponding Graph/Chart) 129 Table 33: US Wind Power Market (2010): Percentage Share Breakdown of Cumulative Installed Capacity by State (includes corresponding Graph/Chart) 130 Table 34: Leading Players in the US Turbines Market (2010): Percentage Share Breakdown for GE, Siemens, Alstom and Others (includes corresponding Graph/Chart) 130 Table 35: Leading Players in the US Steam Turbines Market (2010): Percentage Share Breakdown for GE, Siemens, Alstom and Others (includes corresponding Graph/Chart) 131 Table 36: Leading Players in the US Gas Turbines Market (2010): Percentage Share Breakdown for GE, Siemens, Alstom and Others (includes corresponding Graph/Chart) 131 B.Market Analytics 132 Table 37: US Recent Past, Current & Future Analysis for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2009 through 2017 (includes corresponding Graph/Chart) 132 Table 38: US Historic Review for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2003 through 2008 (includes corresponding Graph/Chart) 133 Table 39: US 15-Year Perspective for Turbines and Turbine Generator Sets by Product Segment - Percentage Breakdown of New Capacity Addition in Megawatts for Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others for Years 2003, 2010 & 2017 (includes corresponding Graph/Chart) 134 10. CANADA 135 A.Market Analysis 135 Current & Future Analysis 135 Product Launches 135 Strategic Corporate Developments 136 B.Market Analytics 138 Table 40: Canadian Recent Past, Current & Future Analysis for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2009 through 2017 (includes corresponding Graph/Chart) 138 Table 41: Canadian Historic Review for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2003 through 2008 (includes corresponding Graph/Chart) 139 Table 42: Canadian 15-Year Perspective for Turbines and Turbine Generator Sets by Product Segment - Percentage Breakdown of New Capacity Addition in Megawatts for Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others for Years 2003, 2010 & 2017 (includes corresponding Graph/Chart) 140 11. JAPAN 141 A.Market Analysis 141 Current & Future Analysis 141 Table 43: Japanese Wind Power Market (2010): Percentage Market Share Breakdown by Leading Players (includes corresponding Graph/Chart) 141 Select Japanese Players 141 B.Market Analytics 143 Table 44: Japanese Recent Past, Current & Future Analysis for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2009 through 2017 (includes corresponding Graph/Chart) 143 Table 45: Japanese Historic Review for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2003 through 2008 (includes corresponding Graph/Chart) 144 Table 46: Japanese 15-Year Perspective for Turbines and Turbine Generator Sets by Product Segment - Percentage Breakdown of New Capacity Addition in Megawatts for Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others for Years 2003, 2010 & 2017 (includes corresponding Graph/Chart) 145 12. EUROPE 146 A.Market Analysis 146 Current & Future Analysis 146 European Steam Turbines Market 146 Europe - Largest Producer of Wind Energy 146 Growing Trend towards Off-Shore Wind Farms Across Western Europe 147 Gearboxes and Geared Motors 148 Micro and Mini Turbine Market in Europe 148 Factors Impacting the Micro and Mini Turbines Market in Europe 148 Economic Growth 148 Fuel-Cell Alternatives 148 High Utility Orders 149 Demand for Power, Heating and Cooling 149 Decreasing Gas Prices 149 Potential Barriers 149 High Capital Costs 149 Short Lifespan of the Unit 149 Development of Alternative Systems 149 European Generator-Set Market 149 Market share Statistics 150 Table 47: Leading Players in the European Turbines Market (2010): Percentage Share Breakdown for Alstom, Siemens, GE and Others (includes corresponding Graph/Chart) 150 Table 48: Leading Players in the European Gas Turbines Market (2010): Percentage Share Breakdown for Alstom, Siemens, GE and Others (includes corresponding Graph/Chart) 150 Table 49: Leading Players in the European Steam Turbines Market (2010): Percentage Share Breakdown for Siemens, Alstom, Ansaldo Energia, GE, and Others (includes corresponding Graph/Chart) 150 Table 50: European Wind Turbine Market (2010): Percentage Market Share Breakdown of Leading Players (includes corresponding Graph/Chart) 151 Table 51: Wind Turbines for Offshore Grids in Europe (2010): Percentage Market Share Breakdown of Leading Players (includes corresponding Graph/Chart) 151 B.Market Analytics 152 Table 52: European Recent Past, Current & Future Analysis for Turbines and Turbine Generator Sets by Geographic Region - France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets Independently Analyzed with New Capacity Addition in Megawatts for Years 2009 through 2017 (includes corresponding Graph/Chart) 152 Table 53: European Historic Review for Turbines and Turbine Generator Sets by Geographic Region - France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets Independently Analyzed with New Capacity Addition in Megawatts for Years 2003 through 2008 (includes corresponding Graph/Chart) 153 Table 54: European 15-Year Perspective for Turbines and Turbine Generator Sets by Geographic Region - Percentage Breakdown of New Capacity Addition in Megawatts for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2003, 2010 & 2017 (includes corresponding Graph/Chart) 154 Table 55: European Recent Past, Current & Future Analysis for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2009 through 2017 (includes corresponding Graph/Chart) 155 Table 56: European Historic Review for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2003 through 2008 (includes corresponding Graph/Chart) 156 Table 57: European 15-Year Perspective for Turbines and Turbine Generator Sets by Product Segment - Percentage Breakdown of New Capacity Addition in Megawatts for Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others for Years 2003, 2010 & 2017 (includes corresponding Graph/Chart) 157 12a. FRANCE 158 A.Market Analysis 158 Current & Future Analysis 158 Table 58: Leading Wind Turbine Manufacturers in France (2010) - Percentage Share Breakdown for GE Wind Energy, Vestas, Enercon, REpower, and Others (includes corresponding Graph/Chart) 158 Strategic Corporate Developments 158 Select French Players 159 B.Market Analytics 160 Table 59: French Recent Past, Current & Future Analysis for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2009 through 2017 (includes corresponding Graph/Chart) 160 Table 60: French Historic Review for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2003 through 2008 (includes corresponding Graph/Chart) 161 Table 61: French 15-Year Perspective for Turbines and Turbine Generator Sets by Product Segment - Percentage Breakdown of New Capacity Addition in Megawatts for Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others for Years 2003, 2010 & 2017 (includes corresponding Graph/Chart) 162 12b. GERMANY 163 A.Market Analysis 163 Current & Future Analysis 163 Table 62: German Wind Turbine Market (2010): Percentage Market Share Breakdown of Key Players (includes corresponding Graph/Chart) 163 Product Launches 163 Strategic Corporate Developments 167 Select German Players 170 B.Market Analytics 172 Table 63: German Recent Past, Current & Future Analysis for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2009 through 2017 (includes corresponding Graph/Chart) 172 Table 64: German Historic Review for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2003 through 2008 (includes corresponding Graph/Chart) 173 Table 65: German 15-Year Perspective for Turbines and Turbine Generator Sets by Product Segment - Percentage Breakdown of New Capacity Addition in Megawatts for Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others for Years 2003, 2010 & 2017 (includes corresponding Graph/Chart) 174 12c. ITALY 175 A.Market Analysis 175 Current & Future Analysis 175 An Overview of the Italian Wind Energy Market 175 Table 66: Leading Wind Turbine Manufacturers in Italy (2010) - Percentage Breakdown for Vestas, Enercon, Gamesa, GE Energy, Siemens, and Others (includes corresponding Graph/Chart) 175 Ansaldo Energia Spa - A Key Player 176 B.Market Analytics 176 Table 67: Italian Recent Past, Current & Future Analysis for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2009 through 2017 (includes corresponding Graph/Chart) 176 Table 68: Italian Historic Review for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2003 through 2008 (includes corresponding Graph/Chart) 177 Table 69: Italian 15-Year Perspective for Turbines and Turbine Generator Sets by Product Segment - Percentage Breakdown of New Capacity Addition in Megawatts for Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others for Years 2003, 2010 & 2017 (includes corresponding Graph/Chart) 178 12d. THE UNITED KINGDOM 179 A.Market Analysis 179 Current & Future Analysis 179 Product Launches 179 Strategic Corporate Developments 180 Rolls Royce Group Plc - A Key Player 183 B.Market Analytics 184 Table 70: UK Recent Past, Current & Future Analysis for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2009 through 2017 (includes corresponding Graph/Chart) 184 Table 71: UK Historic Review for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2003 through 2008 (includes corresponding Graph/Chart) 185 Table 72: UK 15-Year Perspective for Turbines and Turbine Generator Sets by Product Segment - Percentage Breakdown of New Capacity Addition in Megawatts for Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others for Years 2003, 2010 & 2017 (includes corresponding Graph/Chart) 186 12e. SPAIN 187 A.Market Analysis 187 Current & Future Analysis 187 A Brief Overview of the Spanish Wind Energy Market 187 Table 73: Spanish Wind Turbine Market (2010): Percentage Market Share Breakdown of Key Players (includes corresponding Graph/Chart) 188 Product Launches 188 Strategic Corporate Developments 189 Gamesa - A Key Player 190 B.Market Analytics 190 Table 74: Spanish Recent Past, Current & Future Analysis for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2009 through 2017 (includes corresponding Graph/Chart) 190 Table 75: Spanish Historic Review for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2003 through 2008 (includes corresponding Graph/Chart) 191 Table 76: Spanish 15-Year Perspective for Turbines and Turbine Generator Sets by Product Segment - Percentage Breakdown of New Capacity Addition in Megawatts for Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others for Years 2003, 2010 & 2017 (includes corresponding Graph/Chart) 192 12f. RUSSIA 193 A.Market Analysis 193 Current & Future Analysis 193 B.Market Analytics 194 Table 77: Russian Recent Past, Current & Future Analysis for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2009 through 2017 (includes corresponding Graph/Chart) 194 Table 78: Russian Historic Review for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2003 through 2008 (includes corresponding Graph/Chart) 195 Table 79: Russian 15-Year Perspective for Turbines and Turbine Generator Sets by Product Segment - Percentage Breakdown of New Capacity Addition in Megawatts for Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others for Years 2003, 2010 & 2017 (includes corresponding Graph/Chart) 196 12g. REST OF EUROPE 197 A.Market Analysis 197 Current & Future Analysis 197 Denmark 197 Product Launches 197 Strategic Corporate Developments 198 Select Players 200 B.Market Analytics 201 Table 80: Rest of Europe Recent Past, Current & Future Analysis for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2009 through 2017 (includes corresponding Graph/Chart) 201 Table 81: Rest of Europe Historic Review for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2003 through 2008 (includes corresponding Graph/Chart) 202 Table 82: Rest of Europe 15-Year Perspective for Turbines and Turbine Generator Sets by Product Segment - Percentage Breakdown of New Capacity Addition in Megawatts for Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others for Years 2003, 2010 & 2017 (includes corresponding Graph/Chart) 203 13. ASIA-PACIFIC 204 A.Market Analysis 204 Current & Future Analysis 204 Statistical Data Findings 204 Table 83: Leading Players in the Asia-Pacific Turbines Market (2010): Percentage Breakdown for Alstom, GE, Siemens and Others (includes corresponding Graph/Chart) 204 Table 84: Leading Players in the Asia-Pacific Gas Turbines Market (2010): Percentage Share Breakdown for GE, Siemens, Alstom and Others (includes corresponding Graph/Chart) 204 Table 85: Leading Cogeneration Steam Turbine Manufacturers in Malaysia (2010) - Percentage Breakdown of Value Sales for Mitsubishi Heavy Industries Ltd, Siemens, Alstom, and Others (includes corresponding Graph/Chart) 205 Table 86: Leading Cogeneration Steam Turbine Manufacturers in Indonesia (2010) - Percentage Breakdown of Value Sales for Mitsubishi Heavy Industries Ltd, Siemens, Alstom, Toshiba, and Others (includes corresponding Graph/Chart) 205 Table 87: Leading Cogeneration Steam Turbine Manufacturers in Thailand (2010) - Percentage Breakdown of Value Sales for Shin Nippon Machinery Co Ltd, and Others (includes corresponding Graph/Chart) 205 Table 88: Leading Cogeneration Steam Turbine Manufacturers in Vietnam (2010) - Percentage Breakdown of Value Sales for Mitsubishi Heavy Industries Ltd, Shin Nippon Machinery Co Ltd, and Others (includes corresponding Graph/Chart) 206 Table 89: Leading Cogeneration Steam Turbine Manufacturers in Singapore (2010) - Percentage Breakdown of Value Sales for Mitsubishi Heavy Industries Ltd, Siemens, Alstom, and Others (includes corresponding Graph/Chart) 206 China 206 Wind Power - A Promising Alternative 206 Key Measures for Developing Wind Energy 207 Wind Turbines in China - To Create Revolution 207 Key Statistical Findings 208 Table 90: Wind Turbine Market in China (2010): Percentage Market Share Breakdown by Leading Manufacturers (includes corresponding Graph/Chart) 208 Table 91: Break-Up of Cost for Offshore Wind Farm in China (includes corresponding Graph/Chart) 208 Table 92: Chinese Water Turbine Market (2010): Percentage Market Share Breakdown of Key Players (includes corresponding Graph/Chart) 209 Table 93: Chinese Market for Wind Turbine Blades (2010): Percentage Market Share Breakdown of Leading Manufacturers (includes corresponding Graph/Chart) 209 Table 94: Wind Gearbox Market in China (2010): Percentage Market Share Breakdown by Leading Manufacturers (includes corresponding Graph/Chart) 210 Production Scenario 210 Factors Affecting the Wind Market 210 Product Launches 211 Strategic Corporate Developments 212 Select Players 218 B.Market Analytics 221 Table 95: Asia-Pacific Recent Past, Current & Future Analysis for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2009 through 2017 (includes corresponding Graph/Chart) 221 Table 96: Asia-Pacific Historic Review for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2003 through 2008 (includes corresponding Graph/Chart) 222 Table 97: Asia-Pacific 15-Year Perspective for Turbines and Turbine Generator Sets by Product Segment - Percentage Breakdown of New Capacity Addition in Megawatts for Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others for Years 2003, 2010 & 2017 (includes corresponding Graph/Chart) 223 14. THE MIDDLE EAST 224 A.Market Analysis 224 Current & Future Analysis 224 Micro and Mini Turbine Market - Hot ‘n' Happening 224 Strategic Corporate Developments 224 Market Statistics 225 Table 98: Gas Turbine Market in Middle East (2010) - Percentage Market Share Breakdown of Leading Players (includes corresponding Graph/Chart) 225 B.Market Analytics 226 Table 99: Middle East Recent Past, Current & Future Analysis for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2009 through 2017 (includes corresponding Graph/Chart) 226 Table 100: Middle East Historic Review for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2003 through 2008 (includes corresponding Graph/Chart) 227 Table 101: Middle East 15-Year Perspective for Turbines and Turbine Generator Sets by Product Segment - Percentage Breakdown of New Capacity Addition in Megawatts for Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others for Years 2003, 2010 & 2017 (includes corresponding Graph/Chart) 228 15. LATIN AMERICA 229 A.Market Analysis 229 Current & Future Analysis 229 Latin American Power Industry - An Overview 229 An Overview of Wind Energy Market in Latin America 229 Statergic Corporate Developments 230 B.Market Analytics 232 Table 102: Latin American Recent Past, Current & Future Analysis for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2009 through 2017 (includes corresponding Graph/Chart) 232 Table 103: Latin American Historic Review for Turbines and Turbine Generator Sets by Product Segment - Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others Independently Analyzed with New Capacity Addition in Megawatts for Years 2003 through 2008 (includes corresponding Graph/Chart) 233 Table 104: Latin American 15-Year Perspective for Turbines and Turbine Generator Sets by Product Segment - Percentage Breakdown of New Capacity Addition in Megawatts for Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines and Others for Years 2003, 2010 & 2017 (includes corresponding Graph/Chart) 234 COMPETITIVE LANDSCAPE Total Companies Profiled: 100 (including Divisions/Subsidiaries - 157) ------------------------------------------ Region/Country Players ------------------------------------------ The United States 25 Canada 1 Japan 12 Europe 82 France 9 Germany 12 The United Kingdom 7 Italy 7 Spain 6 Rest of Europe 41 Asia-Pacific (Excluding Japan) 35 Middle-East 2 ------------------------------------------

Summary:

Ever growing energy needs as a result of continuous industrial development, improving living standards, and ever growing population, provide a stable and secure business case for turbines and turbine generator sets. Environmental regulations introduced or about to be implemented in several countries will influence the need for more efficient power generating equipment. Strong growth will stem from Asia-Pacific, Latin America, and Middle East driven by rapid levels of industrialization. Asia, for instance, requires huge amounts of energy to power the rapid industrialization underway in most countries in the region. Power requirements differ from country to country. New power generation plants undertaken and the routine replace¬ment of energy generation equipment directly translates into demand for turbine and turbine generator sets. In developed markets like Europe, and North America, aging energy infrastructure will provide opportunities for equipment replacements, upgradations and modernization. Looking beyond the current recession induced challenges faced by the wind power industry, wind turbines are projected to mirror a promising long-term potential, as wind energy moves forward as a future source of alternative energy for global power generation industry. Given the high correlation between energy consumption and the level of economic activity, the recession not surprisingly resulted in lowering consumption as major energy-consuming sectors such as manufacturing, automobiles and construction industries witnessed significant disruptions in business activities. Although energy demand has recorded varying patterns across individual countries, a bigger theme that emerges over the region-by-region variations is the overall decline in energy consumption in almost every region across the world, with the exception of Asia-Pacific, and the Middle East. Investments in power generation by energy utilities were affected by the immense financing difficulties presented by the financial crisis. Poorer cash flow conditions for utilities and independent power generators resulted in years 2008 and 2009 witnessing several instances of project delays, postponements, cancellations, and cut backs in capital spending. Glut in energy capacities, decline in energy consumption, lower wholesale energy prices, and recession induced weakened focus on climate change goals, temporarily reduced the emphasis on renewable energy sources. In the wind turbines market, new wind energy capacity installations declined for the first time, in over two decades, in the year 2010 recording negative average annual growth despite the overall increase in cumulative capacity additions. The decline was spearheaded by the United States and Europe where growth in new capacity additions eroded by over 40% and 7%, respectively, in the year 2010. A significant portion of new capacity additions during the year was made in Asia Pacific and Latin America. Developing countries therefore for the first time recorded higher growth in wind power capacity installations in comparison with the traditional developed markets. In the United States wind power capacity declined due to a lack of stable national energy policy as reflected by the uncertainties revolving around the Production Tax Credit expiration. In late 2010 however, Section 1603 grants for renewable energy was extended by one year and although just a temporary bandage fix, growth in 2011 is expected to outstrip that of year 2010. In the developing countries, on the other hand, wind power projects grew cushioned by the fact that most wind power projects in these countries are government owned and supported, which unlike private project ownerships, are less acutely sensitive to changes in the economic and financial climate. The already established and implemented government policies and renewable portfolio standards in most countries also helped prop up new capacity additions. As stated by Global Industry Analysts's market research report, Asia-Pacific represents the largest and the fastest growing regional market for Turbines and Turbine Generator Sets. The region continues to remain a key growth area, displaying a robust CAGR of about 8.5% over the analysis period. As a bridge that connects to the envisioned clean energy future, Wind Turbines represent the fastest growing product segment growing at a robust CAGR of about 9.5% over the analysis period. Asia Pacific, supported by China and India's staunch growth in wind energy, will continue to drive future growth in this segment. Chinese manufacturers particularly are surging ahead in the wind turbine manufacturing sector, driven primarily by the favorable government policies favoring the local turbine manufacturers. Global Industry Analysts ©

Companies Mentioned

- ABB Ltd - Alstom SA - Ansaldo Energia Spa - Bharat Heavy Electricals Limited - Caterpillar Inc. - DeWind Inc. - Dongfang Turbine Co. Ltd. - Enercon India Ltd. - Gamesa - GE Energy - Goldwind Science & Technology Co. Ltd. - Harbin Turbine Co. Ltd. - Hitachi Ltd. - Jeumont Electric - JFE Holdings Inc. - Mitsubishi Heavy Industries Ltd. - Nordex Aktiengesellschaft - Pratt & Whitney Canada Corp. - Rolls Royce Group Plc - Shanghai Electric Group Co. Ltd. - Shin Nippon Machinery Co. Ltd. - Siemens AG - Suzlon Energy Limited - REpower Systems SE - Toshiba Corporation - Vestas Wind Systems A/S