Global Turbines Market to Reach 416.1 Thousand Megawatts by 2030
The global market for Turbines estimated at 258.5 Thousand Megawatts in the year 2022, is projected to reach a revised size of 416.1 Thousand Megawatts by 2030, growing at a CAGR of 6.1% over the analysis period 2022-2030. Steam Turbines, one of the segments analyzed in the report, is projected to record -4% CAGR and reach 68.9 Thousand Megawatts by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Wind Turbines segment is readjusted to a revised 13% CAGR for the next 8-year period.The U.S. Market is Estimated at 75.6 Thousand Megawatts, While China is Forecast to Grow at 6.3% CAGR
The Turbines market in the U.S. is estimated at 75.6 Thousand Megawatts in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of 75.9 Thousand Megawatts by the year 2030 trailing a CAGR of 6.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 5.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.6% CAGR.Select Competitors (Total 98 Featured) -
- ABB Limited
- Acciona Energia SA
- Andritz AG
- Ansaldo Energia SpA
- Caterpillar, Inc.
- Dongfang Electric Corporation Limited
- Doosan Power Systems Holdings Limited
- ENERCON GmbH
- GE Grid Solutions, LLC
- GE Power & Water
- General Electric Company
- GuoDian United Power Technology Company Ltd.
- Harbin Turbine Company Limited
- Mitsubishi Hitachi Power Systems, Ltd.
- Nordex SE
- Senvion SA
- Shanghai Electric Group Company Limited
- Siemens AG
- Siemens Gamesa Renewable Energy, S.A.
- Vestas Wind Systems A/S
- Voith GmbH & Co. KGaA
- Xinjiang GoldWind Science & Technology Co., Ltd.
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Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARYIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Limited
- Acciona Energia SA
- Andritz AG
- Ansaldo Energia SpA
- Caterpillar, Inc.
- Dongfang Electric Corporation Limited
- Doosan Power Systems Holdings Limited
- ENERCON GmbH
- GE Grid Solutions, LLC
- GE Power & Water
- General Electric Company
- GuoDian United Power Technology Company Ltd.
- Harbin Turbine Company Limited
- Mitsubishi Hitachi Power Systems, Ltd.
- Nordex SE
- Senvion SA
- Shanghai Electric Group Company Limited
- Siemens AG
- Siemens Gamesa Renewable Energy, S.A.
- Vestas Wind Systems A/S
- Voith GmbH & Co. KGaA
- Xinjiang GoldWind Science & Technology Co., Ltd.