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World Turbines

World Turbines -

World demand to rise 6.5% annually through 2016
The world market for turbines and related products (turbine-based engines, generators, and generator sets) is forecast to rise 6.5 percent annually to $165 billion in 2016. This will represent a deceleration from the pace of the 2006-2011 period, primarily caused by a slowdown in sales of wind turbines. The global wind turbine market expanded at an annual rate in excess of 20 percent between 2001 and 2011 to become the single largest turbine product segment, ahead of turbine engines. Wind turbines will continue to be the fastest growing turbine product type through 2016, but a much higher base of existing capacity will keep growth to a more moderate level.

Demand for gas combustion turbines is expected to accelerate to a 7.3 percent annual growth rate through 2016. The market for gas turbines will benefit from the ongoing global shale gas boom. The development of shale resources in the US has led to significantly lower gas prices in North America. Over the next decade, as the US expands its infrastructure for exporting gas overseas and other countries develop their own shale resources, global gas prices should fall substantially as well. This will lead to increased investment in natural gas plants for power generation, spurring expanded demand for gas turbines.

China, US to remain key turbine markets
Between 2006 and 2011, the global turbine market in China posted a 28 percent annual growth rate, by far the fastest in the world. The largest of these gains occurred in the wind turbine market, which saw demand multiply by a factor of more than 10. China has become the largest market for wind turbines in the world, accounting for 43 percent of existing global capacity in MW terms at year-end 2011. The fastest growth in turbine demand will occur in Australia, which is investing heavily in wind power in order to reduce its dependence on carbon.

Central and South America will register the fastest turbine demand growth among world regions through 2016, increasing 7.8 percent per annum through that year. Gains in that region will be headed by Brazil, which represents a strong growth market for both power generation turbines and turbine-based aircraft engines. The Africa/Mideast region will also post rapid gains, though it will remain a small regional market for turbine products.

The US, which is the second largest national market for turbine products behind China, will grow at an aboveaverage pace through 2016, aided by an expanding market for gas turbines in power generation applications and continued healthy gains in demand for wind turbines. Mexico, fueled by increasing development of wind power, will be the second fastest growing market for turbine products worldwide through 2016. Western Europe will remain the slowest growing regional market for turbine products, largely due to the maturity of its wind energy sector. However, the region still holds significant potential for offshore wind power, and gains in wind turbine demand will accelerate relative to the 2006-2011 period.


  • INTRODUCTION
  • EXECUTIVE SUMMARY
    • Table WORLD TURBINE PRODUCT DEMAND (million dollars)
  • MARKET ENVIRONMENT
    • General
    • World Population Outlook
      • Table WORLD POPULATION BY REGION (million persons)
    • World Economic Overview
      • Recent Historical Trends
      • World Economic Outlook
        • Table WORLD GROSS DOMESTIC PRODUCT BY REGION (billion 2010 dollars)
    • World Industrial Overview
      • World Manufacturing Outlook
        • Table WORLD MANUFACTURING VALUE ADDED BY REGION (billion 2010 dollars)
      • World Fixed Investment Outlook
        • Table WORLD FIXED INVESTMENT BY REGION (billion 2010 dollars)
      • Aerospace Equipment Manufacturing Trends
        • Table WORLD AEROSPACE EQUIPMENT SHIPMENTS BY REGION (billion dollars)
    • World Electric Power Generation Outlook
      • Electricity Generation
        • Table WORLD ELECTRIC POWER GENERATION BY REGION (billion kilowatt hours)
      • Distributed Power/Micropower
    • World Wind Energy Overview
      • Table WORLD WIND POWER BY COUNTRY, 2011 (megawatts)
    • Turbine Pricing Patterns
    • Turbine Technology Trends
      • Basic Turbine Operation & Actuation Methods
      • Alternative/Competitive Power Sources
    • Environmental & Regulatory Issues
  • OVERVIEW
    • General
    • World Turbine Markets
      • Regional Markets
        • Table WORLD TURBINE PRODUCT DEMAND BY REGION (million dollars)
      • Applications
        • Table WORLD TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
        • Table WORLD ELECTRIC POWER GENERATION TURBINE PRODUCT DEMAND BY REGION (million dollars)
        • Table WORLD TURBINE-BASED AIRCRAFT ENGINE DEMAND BY REGION (million dollars)
        • Table TURBINE ENGINE PRODUCERS FOR SELECTED AIRCRAFT
        • Table WORLD MARINE & OTHER APPLICATIONS TURBINE PRODUCT DEMAND BY REGION (million dollars)
      • Products
        • Table WORLD TURBINE PRODUCT DEMAND BY TYPE (million dollars)
        • Table WORLD WIND TURBINE DEMAND BY REGION (million dollars)
        • Table WORLD GAS COMBUSTION TURBINE DEMAND BY REGION (million dollars)
        • Table WORLD STEAM & HYDRAULIC TURBINE DEMAND BY REGION (million dollars)
        • Table WORLD TURBINE ENGINE DEMAND BY REGION (million dollars)
        • Table WORLD TURBINE GENERATOR & GENERATOR SET DEMAND BY REGION (million dollars)
    • World Turbine Production
      • Table WORLD TURBINE PRODUCT SHIPMENTS BY REGION (million dollars)
    • International Trade
      • Table WORLD TURBINE PRODUCT NET EXPORTS BY REGION (million dollars)
  • NORTH AMERICA
    • North America: General
    • North America: Supply & Demand
      • Table NORTH AMERICA: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
    • North America: Outlook & Suppliers
      • Table NORTH AMERICA: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
    • United States
      • Table UNITED STATES: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
      • Table UNITED STATES: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
    • Canada
      • Table CANADA: TURBINE PRODUCT SUPPLY & DEMAND (million US dollars)
      • Table CANADA: TURBINE PRODUCT DEMAND BY APPLICATION (million US dollars)
    • Mexico
      • Table MEXICO: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
      • Table MEXICO: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
  • WESTERN EUROPE
    • Western Europe: General
    • Western Europe: Supply & Demand
      • Table WESTERN EUROPE: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
    • Western Europe: Outlook & Suppliers
      • Table WESTERN EUROPE: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
    • Belgium
      • Table BELGIUM: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
      • Table BELGIUM: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
    • Denmark
      • Table DENMARK: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
      • Table DENMARK: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
    • France
      • Table FRANCE: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
      • Table FRANCE: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
    • Germany
      • Table GERMANY: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
      • Table GERMANY: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
    • Italy
      • Table ITALY: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
      • Table ITALY: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
    • Netherlands
      • Table NETHERLANDS: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
      • Table NETHERLANDS: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
    • Spain
      • Table SPAIN: TURBINE PRODUCT DEMAND SUPPLY & DEMAND (million dollars)
      • Table SPAIN: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
    • Sweden
      • Table SWEDEN: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
      • Table SWEDEN: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
    • Switzerland
      • Table SWITZERLAND: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
      • Table SWITZERLAND: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
    • United Kingdom
      • Table UNITED KINGDOM: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
      • Table UNITED KINGDOM: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
    • Other Western Europe
      • Table OTHER WESTERN EUROPE: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
      • Table OTHER WESTERN EUROPE: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
  • ASIA/PACIFIC
    • Asia/Pacific: General
    • Asia/Pacific: Supply & Demand
      • Table ASIA/PACIFIC: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
    • Asia/Pacific: Outlook & Suppliers
      • Table ASIA/PACIFIC: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
    • Australia
      • Table AUSTRALIA: TURBINE PRODUCT SUPPLY & DEMAND (million US dollars)
      • Table AUSTRALIA: TURBINE PRODUCT DEMAND BY APPLICATION (million US dollars)
    • China
      • Table CHINA: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
      • Table CHINA: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
    • India
      • Table INDIA: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
      • Table INDIA: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
    • Japan
      • Table JAPAN: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
      • Table JAPAN: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
    • South Korea
      • Table SOUTH KOREA: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
      • Table SOUTH KOREA: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
    • Other Asia/Pacific
      • Table OTHER ASIA/PACIFIC: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
      • Table OTHER ASIA/PACIFIC: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
  • OTHER REGIONS
    • Central & South America
      • Central & South America: General
      • Central & South America: Supply & Demand
        • Table CENTRAL & SOUTH AMERICA: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
      • Central & South America: Outlook & Suppliers
        • Table CENTRAL & SOUTH AMERICA: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
      • Brazil
        • Table BRAZIL: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
        • Table BRAZIL: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
      • Other Central & South America
        • Table OTHER CENTRAL & SOUTH AMERICA: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
        • Table OTHER CENTRAL & SOUTH AMERICA: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
    • Eastern Europe
      • Eastern Europe: General
      • Eastern Europe: Supply & Demand
        • Table EASTERN EUROPE: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
      • Eastern Europe: Outlook & Suppliers
        • Table EASTERN EUROPE: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
      • Czech Republic
        • Table CZECH REPUBLIC: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
        • Table CZECH REPUBLIC: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
      • Poland
        • Table POLAND: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
        • Table POLAND: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
      • Russia
        • Table RUSSIA: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
        • Table RUSSIA: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
      • Other Eastern Europe
        • Table OTHER EASTERN EUROPE: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
        • Table OTHER EASTERN EUROPE: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
    • Africa/Mideast
      • Africa/Mideast: General
      • Africa/Mideast: Supply & Demand
        • Table AFRICA/MIDEAST: TURBINE PRODUCT SUPPLY & DEMAND (million dollars)
      • Africa/Mideast: Outlook & Suppliers
        • Table AFRICA/MIDEAST: TURBINE PRODUCT DEMAND BY APPLICATION (million dollars)
  • INDUSTRY STRUCTURE
    • General
      • Table TURBINE PRODUCT SALES BY COMPANY, 2011 (million dollars)
    • Industry Composition & Market Share
      • Electric Power Generation
      • Aircraft Engines
    • Product Development & Manufacturing
    • Marketing & Distribution
    • Financial Issues & Requirements
    • Mergers & Acquisitions
      • Table SELECTED ACQUISITIONS & DIVESTITURES
    • Cooperative Agreements
      • Table SELECTED COOPERATIVE AGREEMENTS
    • Company Profiles
      • ABB Limited
      • Acciona SA
      • Alstom SA
      • Avio SpA
      • Bharat Heavy Electricals Limited
      • Capstone Turbine Corporation
      • Caterpillar Incorporated
      • China Chang Jiang Energy Corporation
      • Dongfang Electric Corporation
      • Doosan Heavy Industries and Construction Company Limited
      • Dresser-Rand Group Incorporated
      • Enercon GmbH
      • Finmeccanica SpA
      • Gamesa Corporación Tecnólogica SA
      • General Electric Company
      • GKN plc
      • Hitachi Limited
      • Honeywell International Incorporated
      • IHI Corporation
      • MAN SE
      • Mitsubishi Heavy Industries Limited
      • MTU Aero Engines Holding GmbH
      • Nordex SE
      • Rolls-Royce Holdings plc
      • SAFRAN SA
      • Siemens AG
      • Sinovel Wind Group Company Limited
      • Suzlon Energy Limited
      • Toshiba Corporation
      • United Technologies Corporation
      • Vestas Wind Systems A/S
      • Voith GmbH
      • Volvo AB
      • Xinjiang Goldwind Science & Technology Company Limited

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