Turbine Manufacturing
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).The global market for turbines and related systems is valued at over $145 billion in 2024 and expected to about $205 billion in 2030, according to Research and Markets. Leading countries for turbine and turbine generator set manufacture include China, Italy, Spain, Germany, and Japan.
The US turbine manufacturing industry includes about 160 companies with combined annual revenue of about $13 billion. The industry does not include companies that make turbines that are used on aircraft.
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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