Global Turbo Generator Market - Analysis of Growth, Trends and Forecasts (2018 - 2023)

  • ID: 4470107
  • Report
  • Region: Global
  • 115 pages
  • Mordor Intelligence
until Dec 31st 2018
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  • Andritz AG
  • Ansaldo Energia SpA
  • Bowman Power Group Ltd
  • General Electric Company
  • Rolls-Royce Holding PLC
  • Siemens AG
  • MORE
Turbo generators form an important cog in the energy generation/power production industry, by helping in attaining efficiency and enhanced productivity. Moreover, the increasing energy demand in the world, resulting in an increase in the number of power plants, is expected to drive the market during the forecast period. The inherent advantages that turbo generators provide, in addition to the ability to be connected directly to the electrical generator and the resulting lower operating costs, are factors spurring the turbo generator market.

Growing Industrialization - Drives the Market

Growing industrialization is playing an important role in the economic growth of countries, like China, India, the Republic of Korea (Korea), Taiwan, and Indonesia. Moreover, along with accelerated growth, the poverty rates have also declined in many countries. These developments are likely to result in an increased demand for electricity, consequently driving the demand for turbo generators globally.

Growth in the Renewable Energy Sector - Restrains the Market

Countries are moving toward clean energy; this is reflected by the 197 countries signing the Paris Agreement on Climate Change. Globally countries are setting up targets to move from fossil fuels to renewable sources, such as solar and wind, to achieve social, economic, and environmental development. Moreover, new investment in renewables, excluding large hydropower projects, fell by 23% to USD 241.6 billion, lowest since 2013, but there was a record installation of renewable power capacity worldwide in 2016.

Asia-Pacific - Highest Demand for Turbo Generator Market

Asia-Pacific is one of the fastest-growing markets for turbo generators, with consistent economic growth in the Asia-Pacific countries, growing industrialization, and improving business potential, the demand for infrastructure in countries, such as India, China, Malaysia, and Indonesia, is increasing at a significant rate. In Asia-Pacific, China is one of the most dominant countries, and it is expected to drive the turbo generator market. Whereas, countries, such as India, Japan, China, Australia, and Malaysia, are expected to follow with growth in the turbo generators market.

China - Regional Hotspot

China has the highest population in the world, and is a fast-growing economy, which has led the country to become the largest energy consumer and producer in the world. Rapidly increasing energy demand, especially for petroleum and other liquids, has made China influential in world energy markets. China consumes more than a quarter of world's energy demand. Moreover, it is projected that the country's energy production will rise by 38% while the consumption is estimated to grow by 47% until 2035. The increase is much more than the global forecasted energy production and consumption growth, which is 29% and 31% respectively. The country is expected to lead the market for turbo generators in the long-term, due to its growing energy demand.

Key Developments in the Market
  • September 2017: Lockheed Martin tested a prototype laser weapon system equipped with sensors, software, and specialized optics, which can deliver decisive lethality against unmanned aerial vehicle threats. The device is powered by a compact Rolls-Royce turbo generator.
  • July 2017: Canfor Pulp Products Inc. undertook capital projects at its Northwood Northern Bleached Softwood Kraft, where the company is planning on installing a 32 MW condensing turbo-generator, for an estimated cost of USD 65 million.
MAJOR PLAYERS: Siemens AG, Toshiba Corp, General Electric Company, Dongfang Electric Corporation Limited, Andritz AG, Bharat Heavy Electricals Limited, amongst others

Reasons to Purchase this Report
  • Identify the drivers, restraints, and opportunities in the global turbo generator market with in-depth analysis
  • Identify the technology type and services dominating the market
  • Analyze various perspectives of the market with the help of Porter’s five forces analysis
  • Identify the regions expected to witness the fastest growth during the forecast period and identify the hotspots for the market
  • Identify the latest developments and strategies employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report

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Note: Product cover images may vary from those shown
2 of 5


  • Andritz AG
  • Ansaldo Energia SpA
  • Bowman Power Group Ltd
  • General Electric Company
  • Rolls-Royce Holding PLC
  • Siemens AG
  • MORE
1. Executive Summary

2. Research Methodology

3. Market Overview
3.1 Introduction
3.2 Market Size and Demand Forecast until 2023
3.3 Recent Trends and Developments
3.4 Government Rules and Regulations

4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities

5. Value Chain Analysis

6. Porter's Five Forces Analysis
6.1 Bargaining Power of Suppliers
6.2 Bargaining Power of Consumers
6.3 Threat of Substitutes
6.4 Threat of New Entrants
6.5 Competitive Rivalry

7. Global Turbo Generator Market Analysis, by Capacity (Overview, Market Size, and Demand Forecast until 2023)
7.1 10 MVA to 175 MVA
7.2 175 MVA to 550 MVA
7.3 550 MVA and above

8. Global Turbo Generator Market Analysis, by Geography (Overview, Market Size, and Demand Forecast until 2023)
8.1 North America
8.1.1 United States
8.1.2 Canada
8.1.3 Mexico
8.2 Asia-Pacific
8.2.1 China
8.2.2 India
8.2.3 Japan
8.2.4 Rest of Asia-Pacific
8.3 Europe
8.3.1 Germany
8.3.2 Italy
8.3.3 France
8.3.4 United Kingdom
8.3.5 Rest of Europe
8.4 South America
8.4.1 Brazil
8.4.2 Venezuela
8.4.3 Rest of South America
8.5 Middle East & Africa
8.5.1 Iran
8.5.2 UAE
8.5.3 South Africa
8.5.4 Rest of Middle East & Africa

9. Global Turbo Generator Market Analysis, by End Use (Overview, Market Size, and Demand Forecast until 2023)
9.1 Coal-Fired Power Plant
9.2 Gas-Fired Power Plant
9.3 Nuclear Power Plant
9.4 Others

10. Global Turbo Generator Market Analysis, by Cooling Type (Overview, Market Size, and Demand Forecast until 2023)
10.1 Air Cooled
10.2 Hydrogen Cooled
10.3 Water-Hydrogen Cooled

11. Key Company Profiles* (Overview, Products, Financials**, Recent Developments, and Analyst View)
11.1 Siemens AG
11.2 Toshiba Corp
11.3 General Electric Company
11.4 Dongfang Electric Corporation Limited
11.5 Andritz AG
11.6 Bharat Heavy Electricals Limited
11.7 Bowman Power Group Ltd
11.8 Rolls-Royce Holding PLC
11.9 Ansaldo Energia SpA
*List not Exhaustive
12. Competitive Landscape
12.1 Mergers and Acquisitions
12.2 Joint Ventures, Collaborations, and Agreements
12.3 Market Share Analysis
13. Appendix
13.1 Disclaimer
**Subject to availability to public domain
Note: Product cover images may vary from those shown
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4 of 5
  • Siemens AG
  • ToshIBA Corp
  • General Electric Company
  • Dongfang Electric Corporation Limited
  • Andritz AG
  • Bharat Heavy Electricals Limited
  • Bowman Power Group Ltd
  • Rolls-Royce Holding PLC
  • Ansaldo Energia SpA
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown