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Turbine Manufacturing

Publisher First Research, Inc.
Published Jul 28, 2025
SKU # FRRS20220274

Description

Brief Excerpt from Industry Overview Chapter:

Companies in this industry manufacture turbines (steam, hydraulic, gas, and wind) and complete turbine generator set units. Major manufacturers include divisions of Caterpillar and GE (both of the US), as well as Hitachi (Japan), Siemens (Germany), Vestas Wind Systems (Denmark), and Goldwind (China).

COMPETITIVE LANDSCAPE

Demand for turbines is driven by the level of overall industrial activity, and growth in the power generation industry. The profitability of individual companies depends on engineering expertise and efficient production. Large companies have economies of scale in purchasing. Small companies can compete effectively by specializing in niche turbine applications. The US industry is highly concentrated: the top 50 companies account for more than 95% of industry revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major US product categories include turbine generator sets, which account for 40% of the industry's revenue. This is followed by turbines and turbine generators (over 20%) and parts and accessories for turbines (about 20%). Other products also include gas turbines, contract manufacturing services, and metal processing and metalworking contract manufacturing. Smaller turbines can be used as mechanical drives for industrial processes like oil and gas production, and for use in turbine generators and generators sets which produce electrical power on a smaller scale for back-up power.

Table of Contents

Industry Overview
Quarterly Industry Update
Business Challenges
Business Trends
Industry Opportunities
Call Preparation Questions
Financial Information
Industry Forecast
Web Links and Acronyms

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