Turbine Market in the US 2015-2019
A turbine is a mechanical device consisting of revolving rotors and blades that transforms rotational energy into usable energy. The fluid used for the rotation can be steam, gas, or other combustion products such as CO2 and carbon monoxide. There are three types of turbines namely steam turbines, gas turbines, and CCGT. Steam turbines extract thermal energy from steam and converts it into mechanical energy. Gas turbines are generally used in gas-fired power plants wherein an internal combustion engine is placed, in which the fuel is mixed with air and ignited. Because of the growing awareness about the environmental pollution caused by thermal power plants, most of the newly constructed gas-fired power plants are CCGT plants.
Technavio's analysts forecast the turbine market in the US to grow at a CAGR of 0.9% in terms of installations over the period 2014-2019.
Covered in this Report
The turbine market in the US can be segmented into three divisions: steam turbines, gas turbines, and CCGT.
Technavio's report, Turbine Market in the US 2014-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Turbine Market in the US 2015-2019
Technavio recognizes the following companies as the key players in the turbine market in the US: Alstom, DresserRand, Elliot Group, General Electric and Westinghouse
Other Prominent Vendors in the market are: Cooper Rolls-Coberra, Stewart & Stevenson Power Products, United Ring & Seal, Duraflex and J B Tool Die & Engineering
Commenting on the report, an analyst from Technavio’s team said: “Most of the leading turbine manufacturers are leveraging the availability of shale gas in the US by expanding their gas turbine manufacturing capacities. Acquisitions of small companies help the leading manufacturers increase their manufacturing capacity as well as product portfolio.”
According to the report, shale gas plays a crucial role in electricity generation in the US. It is the most abundant source of natural gas and it plays an important role in catering to the overall energy demand in the country. A major portion of the US' energy needs is met by gas-fired power plants, which are on the rise, fueling demand for CCGT, gas, and steam turbines. The country is one of the largest exporters of shale gas, which will benefit the CCGT and gas turbine markets.
Further, the report states that variation in fuel quality is one of the major operational concerns associated with gas and steam turbines, as it can cause system failure.
Alstom, DresserRand, Elliot Group, General Electric and Westinghouse, Cooper Rolls-Coberra, Stewart & Stevenson Power Products, United Ring & Seal, Duraflex, J B Tool Die & Engineering
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