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Global Turbines Industry

  • June 2014
  • -
  • Global Industry Analysts
  • -
  • 462 pages

This report analyzes the worldwide markets for Turbines in Megawatts of New Capacity Additions and US$ Million by the following Product Segments: Hydraulic Turbines, Steam Turbines, Gas Turbines, Wind Turbines, and Others. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East/Africa, and Latin America. Annual estimates and forecasts are provided for the period 2013 through 2020. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 110 companies including many key and niche players such as -

ABB Ltd.
Alstom SA
Ansaldo Energia Spa
Bharat Heavy Electricals, Ltd.
Caterpillar, Inc.

Table Of Contents

Global Turbines Industry



I. INTRODUCTION, METHODOLOGY and PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation and Reporting Level I-2
Quantitative Techniques and Analytics I-3
Product Definitions and Scope of Study I-3
Hydraulic Turbines I-3
Steam Turbines I-3
Gas Turbines I-4
Wind Turbines I-4
Other Turbines I-4
Combined-Cycle/Combined-Heat-and-Power Turbines I-4
Combustion Turbines I-4


II. EXECUTIVE SUMMARY

1. INDUSTRY OVERVIEW II-1
A Prelude II-1
Recession in Retrospect and the Road Ahead II-3
The 2007-2009 Recession II-3
Reviving Global Economy Stimulates Demand for Turbines II-4
Table 1: Economic Growth (%) Worldwide by Region: 2011-2014E
(includes corresponding Graph/Chart) II-6
Outlook II-7

2. COMPETITION II-8
Steam Turbine Suppliers Focus on Accelerating Demand for
Electric Power in Developing Countries II-8
Table 2: Global Electric Power Generation Turbine Market
(2013): Percentage Market Share Breakdown of Revenues by
Leading Players (includes corresponding Graph/Chart) II-9

Table 3: Global Market for Steam Turbines (2013) - Percentage
Share Breakdown of Installed Capacity by Company (includes
corresponding Graph/Chart) II-9
GE and Siemens Dominate the Global Gas Turbine Market II-9
Relentless Efforts in Maintaining Leadership II-10
Design Optimization for Higher Efficiency II-11
Siemens Gears Up to Strengthen Position in Gas Turbines Market II-11
Heavy Duty Gas Turbine Market Supremacy: GE and Siemens II-12
Table 4: Global Market for Heavy Duty Gas Turbines (2013) -
Percentage Market Share Breakdown Based on Capacity Ordered
(MW) by Company (includes corresponding Graph/Chart) II-12
Denmark Leads the World in Wind Turbine Manufacturing II-12
Vestas Dominate the Global Wind Turbine Market II-13
Table 5: Global Market for Wind Turbines (2013) - Percentage
Breakdown of Market Share by Manufacturer (includes
corresponding Graph/Chart) II-13
Leading Wind Turbine Models Worldwide II-14
Alstom Haliade II-14
Areva M5000 II-14
Bard 5MW II-14
Enercon E126 7.5MW II-14
Gamesa G5MW II-14
Repower 6M Series II-14
Samsung S7.0 171 7MW II-15
Siemens SWT-6.0 150 II-15
Sinovel SL6000 II-15
Vestas V164 8MW II-15
XEMC 5MW II-15
European Players Dominate the Global Hydro Turbines Market II-15
Table 6: World Hydro Turbines Market (2013): Percentage
Market Share Breakdown of Leading Players (includes
corresponding Graph/Chart) II-16
Asian Companies Dominate Global Coal-Fired Turbines Market II-16

3. MARKET TRENDS, ISSUES and DRIVERS II-17
Increasing Focus on Renewable Energy: A Strong Growth Driver
for Wind Turbines II-17
Global Wind Energy Statistics II-19
Table 7: Global Wind Energy Total Installed Base (2013) -
Percentage Share Breakdown of Total Capacity by Region
(includes corresponding Graph/Chart) II-19

Table 8: Global Wind Energy Cumulative Installed Base in MW
(2004-2013) (includes corresponding Graph/Chart) II-20

Table 9: Global Wind Energy Cumulative Installed Base (2013) -
Percentage Share Breakdown of Capacity Installed by Top
Ten Countries (includes corresponding Graph/Chart) II-20

Table 10: Global Offshore Wind Energy Total Installed Base
(2012) - Percentage Share Breakdown of Capacity Installed by
Top Ten Countries (includes corresponding Graph/Chart) II-21

Table 11: Global Offshore Wind Energy Total Installed Base
(2013) - Percentage Share Breakdown of Capacity Installed by
Top Ten Countries (includes corresponding Graph/Chart) II-21

Table 12: Global Offshore Wind Energy New Installed Base
(2013) - Percentage Share Breakdown of Capacity Installed by
Top Five Countries (includes corresponding Graph/Chart) II-22
Rising Popularity of Small Wind Turbines Bodes Well for
Market Growth II-22
Micro Turbines Witness Increasing Deployment in Distributed
Energy Generation II-23
Hybrid Power Wind Turbines on the Rise II-23
Turbine Innovations: Spearheading Growth II-24
Wind Energy Innovations Driven by Renewable Portfolio Standards II-24
High Flying Turbines: A Major Breakthrough for Harnessing
More Wind Power II-24
Advanced Algorithm Enhances Small Wind Turbines' Efficiency II-25
Advanced Robot Systems for Examining Wind Turbine Rotor Blades II-25
Other Important Wind Turbine Design Innovations II-26
360-Degree Air Intake II-26
Blade-Free Wind Turbine II-26
Wind Turbine Design Gets Inspiration from Jet Engines II-26
SpiDAR System to Improve Wind Turbine Output II-27
Maglev Turbines Reduces Friction II-27
Turbine Stalks that Sway with Wind II-27
Sail-based Advanced Wind Turbines II-27
Blades with Trailing Edge to Reduce Stress on Supporting
Structure II-27
Focusing on Center of Gravity for Lowering Anchoring Costs II-28
Harnessing Wind Energy over Large Buildings II-28
Solar-Powered Wind Turbine II-28
GE Develops High Efficiency Turbine Model II-28
Siemens' Design with Less Number of Parts II-28
Wood-based Wind Turbine II-28
Portable Wind Turbine II-29
Wind Turbines with Ionic Thrusters II-29
Leviathan Energy II-29
Technique to Increase Tower Height II-29
Vindicator Laser System II-29
Siemens Develops Self-Optimization Software for Wind Turbines II-29
Advanced Approach to Store Floating Wind Energy II-30
VolturnUS Offshore Wind Turbine II-30
High Efficiency Wind Turbine at All Wind Speeds II-31
3D Printing Set to Revolutionize Gas Turbine Manufacturing II-31
Selective Laser Melting II-31
Tomo-Lithographic Molding II-31
Spiraling Global Demand for Electricity Propels Demand for
Steam Turbines II-32
Table 13: Percentage Breakdown of Investments in New Power
Plants by Country/ Region: 2012 (includes corresponding
Graph/Chart) II-33

Table 14: Global Total Primary Energy Supply (Excluding
Energy Stored in International Marine and Aviation Bunkers)
in Units by Region (2013): Percentage Breakdown of Supply
Volumes for OECD, China, Asia (excluding China), Non-OECD
Europe and Eurasia, Africa, Middle East, and Non-OECD
Americas (includes corresponding Graph/Chart) II-34
Thermal Power Remains an Important Component of Energy Mix II-34
Table 15: Global Electricity Generation (Excludes Pumped
Storage) By Fuel Type (2013): Percentage Breakdown of Unit
Electricity Generation for Coal/Peat, Natural Gas, Hydro,
Nuclear, Oil, and Others (includes corresponding
Graph/Chart) II-35

Table 16: Global Electricity Coal/Peat Based Thermal Power
Production by Geographic Region/Country (2013): Percentage
Breakdown of Unit Electricity Generation for China, the US,
India, Japan, Germany, South Africa, Korea, and Rest of
World (includes corresponding Graph/Chart) II-35

Table 17: Global Proposed Coal-Fired Power Generation Plants
in Select Countries in Megawatts: 2012 II-36
Steam Turbine MRO Market to Post Strong Gains in the Short-Term II-37
Declining Natural Gas Prices: A Major Growth Driver for Gas
Turbines II-38
Table 18: World Industrial Gas Turbine Market (2013):
Percentage Share Breakdown of the Installed Base by
Industrial Sector (includes corresponding Graph/Chart) II-38
Abundant Natural Gas Resources across the World Sustain
Market Demand II-41
Table 19: World Proven Natural Gas Reserves (2013):
Percentage Share Breakdown of Volume Reserves by Geographic
Region (includes corresponding Graph/Chart) II-42

Table 20: World Natural Gas Production by Geographic Region
(2012) (In Billion Cubic Meters) (includes corresponding
Graph/Chart) II-43

Table 21: World Natural Gas Consumption by Geographic Region
(2013) (In Billion Cubic Meters) (includes corresponding
Graph/Chart) II-44
Shale Gas Exploration Offers Significant Opportunities for
Gas Turbines II-45
Table 22: Technically Recoverable Shale Gas by Geographic
Region (includes corresponding Graph/Chart) II-45
Electric Motors: A Rising Threat to Gas Turbines II-46
Syngas Holds Potential to Emerge as Superior Alternative to
Natural Gas in Turbines II-46
Encouraging Gains in Global PMI Benefits Market Growth II-47
Table 23: Global Purchasing Managers Index (PMI): Breakdown
of Monthly PMI Data by Country for the Year 2013 (includes
corresponding Graph/Chart) II-48
Improvement in Global GDP Performance Encourages an Optimistic
Market Outlook II-48
Table 24: Business Climate Indicator in the Eurozone Area
from January 2013 to May 2014: Breakdown by Month (includes
corresponding Graph/Chart) II-49

Table 25: World Real GDP Growth by Region/ Country: 2012-2015
(includes corresponding Graph/Chart) II-50

Table 26: World GDP (2013): Percentage Share Breakdown of
Nominal GDP Value by Country (includes corresponding
Graph/Chart) II-51
Ocean Energy Offers Huge Untapped Potential II-51
Hydraulic Turbines: Currently the Most Dominant II-52
Turbines for Nuclear Power Generation Offer Significant Growth
Opportunities II-52
Table 27: Snapshot of Nuclear Power Plants Scenario in Select
Countries II-54
Liquid CO2 Turbines to Improve Power Generation Efficiency II-55
Micro and Mini Turbines Traverse Troughs and Crests II-55
Developing Countries: Primary Drivers of Growth II-56
Table 28: Global Turbines Market - Geographic Regions Ranked
by CAGR (Volume) for 2013-2020: Asia-Pacific, Canada, Europe,
Japan, Middle East and Africa, Latin America, and the US
(includes corresponding Graph/Chart) II-57
China: Growth Engine for the Global Turbines Market II-57
Coal Power Continues to Dominate Chinese Power Generation II-57
Table 29: Incremental Additions in Power Generation
Capacity in China (2013) Capacity Additions in Terawatt
Hours for Fossil-fuel Power, Hydro Power, Wind Power,
Nuclear Power, and Solar Power (includes corresponding
Graph/Chart) II-58

Table 30: Electricity Generation Capacity of Newly
Installed Coal-Fired Power Plants in China (Gigawatts) for
the Years 2000, 2005, 2010 and 2012 (includes corresponding
Graph/Chart) II-59
Liberalization and Privatization in Developing Countries
Augurs Well for Market Expansion II-59
Gas Turbines Market in Asia-Pacific Witness Steady Growth II-60
BRIC Countries Demonstrate High Potential for Gas Turbines II-61
Green Technologies in Coal-Fired Power Plants Boost Steam
Turbines Demand in Asia-Pacific II-61

4. TURBINES OVERVIEW II-62
Turbines - The Energy Generators II-62
Gas Turbines II-62
Steam Turbines II-63
Combined-Cycle/Combined-Heat-and-Power Turbines II-63
Mode of Operation II-64
Hydraulic Turbines II-64
Wind Turbines II-64
Small Wind Turbines - Simple and Efficient II-65
Hybrid Power Wind Turbines: A Technical Insight II-65
Solar Turbines II-66
Distributed Power Generation - The Future of Power Generation II-66
Combustion Turbines II-66
Industrial Turbines II-66
Mini and Micro Turbines II-66
Advantages of Microturbines II-67
Applications of Microturbines II-68
Combined Heat and Power (Co-Generation) II-68
Offshore Rigs II-68
Hospitals II-68
Backup Generators II-68
Vehicle Applications II-68
Hybrid Vehicle (microturbine connected to high speed
alternator) II-68
Hybrid Vehicle (microturbine and fuel cell together) II-68
Fuel Cells II-68
Trade Groups II-69
Turbine Trade Groups II-69
Engine Trade Groups II-69

5. PRODUCT INTRODUCTIONS/INNOVATIONS II-70
Vestas Introduces Vestas PowerPlusâ„¢ Upgrades for Wind Turbines II-70
Siemens Introduces SWT-2.3-113 Direct Drive Wind Turbine in India II-70
GE Launches New Wind Turbines Range for Indian Market II-70
GE Launches 2.2 MW Wind Turbine for the Brazilian Market II-70
Altaeros to Install the World's Highest Wind Turbine in Alaska II-70
GE Launches 2.85-103 Wind Turbines for the Japanese Market II-70
GE to Launch High Performance Turbines for the Japanese Market II-70
Nordex Launches N131/3000 Turbine for Light Wind Locations II-70
Suzlon Energy to Launch REpower 6.2M152, New Offshore Wind
Turbine II-71
Aerodyne Engineering to Unveil 8 MW Offshore Wind Turbine II-71
Kingspan Launches KW15 High Performance Wind Turbines II-71
Siemens Launches SST-500 GEO Steam Turbine for Geothermal
Power Generation II-71
Siemens Launches SWT 4.0-130 Offshore Wind Turbine II-71
GE Launches 2.5-120 High-Output Wind Turbine II-71
ABB and Ansaldo Launch New Turbine Control System II-71
BHEL to Introduce 50 MW Solar Steam Turbines II-71
Enercon Launches E-92/2.3 MW Wind Turbine II-72
MHI to Unveil M501JAC Air-Cooled Gas Turbine II-72
Alstom Introduces Upgrade for GT13E2 Gas Turbine II-72
Rolls-Royce Launches Upgrade for RB211-Gzero Industrial Gas
Turbine II-72
Alstom Launches GT13E2 Gas Turbine II-72

6. RECENT INDUSTRY ACTIVITY II-73
Rolls-Royce to Divest Energy Gas Turbine and Compressor
Business to Siemens II-73
Turbina Energy Obtains Investment Support from eCAPITAL II-73
GE to Invest US$10 Billion in Pro-Environment Energy Research II-73
GE Bags US$200 Million Worth Steam Turbines Order from Saudi
Electricity Company II-73
GE Sets Up Distributed Power Business in Latin America II-73
GE to Supply Four LM2500+G4 Aeroderivative Gas Turbines to
Offshore Power Facilities II-73
Ge Sets Up Distributed Power Business in MENA II-73
Siemens to Supply 4 MW Turbines to Gemini Project II-74
Suzlon Bags Order for Wind Turbine Generators from Power
Works, a US Company II-74
GE Sets Up New Distributed Power Business II-74
BHEL Commissions 126 MW Fr-9E Gas Turbine Generator for Oman
Power Project II-74
Gamesa Inks Agreement to Supply 100 MV Wind Turbine to China II-74
Gamesa Bags Order for Wind Turbines Upgradation in France II-74
Gamesa Commissions G114.2.0 MW Wing Turbine in Texas II-74
Gamesa Bags Two Contracts for Supply of 98 MW Wind Turbines to
Brazil II-74
Gamesa Secures DNV-GL Certification for G128-5.0 MW Offshore
Turbine II-74
Alstom to Supply Gas Turbines to State Power Plants in Iraq II-75
Alstom to Supply Wind Turbines for Hartelkanaal Wind Farm II-75
Alstom Bags Contact to Supply Turbine Generators to Sinohydro
Corp II-75
Alstom to Supply 29 ECO 74 Wind Turbines to Japan II-75
Alstom to Supply ECO 122 Wind Turbines to Piauí State, Brazil II-75
Nordex Secures Order to Supply 19 N117/2400 turbines from
Taaleritehdas II-75
Nordex Secures Order for Supply of 11 N117/3000 Turbines from
wpd Europe GmbH II-75
Rolls-Royce Secures CAAC Certifications for M250 Turbine Engines II-75
Siemens to Take over Gas Turbine and Compressor Businesses
from Rolls-Royce II-75
Siemens Supplies 5 Direct Drive Wind Turbines to Ostholstein
Project II-76
Siemens Bags Wind Turbines Sales and Service Order from South
Kent Wind Farm II-76
REpower Changes Name to Senvion II-76
Senvion and ENERTRAG Collaborate for Supply of Wind Turbines II-76
Toshiba Bags Order for Supply of Steam Turbines to Mexican
Thermal Power Plant II-76
MHI and Vestas Establish Wind Turbines JV II-76
MHI Bags Order to Supply J-Series Gas Turbine to GRDA, Oklahoma II-76
University of Maine Launches Offshore Wind-Turbines in the US
for the First Time II-76
APR Energy Inks Contract to Supply 40 MW Mobile Gas Turbines
in Angola II-77
GE's LMS100-PB Aeroderivative Gas Turbines Provide Power for
Sochi Olympic Games II-77
Siemens Develops Software for Rapid Cooling of Steam Turbines II-77
Andritz to Supply New Turbines to Swiss Hydro Power Plants II-77
Voith to Add Capacity to Subsidiary's Small Hydro Turbine
Production Plant II-77
Voith's World's Largest Hydro Turbine Commences Service in China II-77
Voith to Continue Hydro Turbine Modernization Work at
Chavantes Hydroelectric Plant II-77
Alstom Lands Contract for Supply of Steam Turbine Generators
to Plant in Saudi II-77
Alstom Secures Order to Supply Turbine Generators to La
Romaine 3 power house II-78
Alstom Secures Order to Supply wind Turbines to ENEL Green
Power Mexico II-78
Alstom and Dongfang Ink Co-operation Agreement II-78
Alstom and Harbin Turbine Ink Agreement for Co-operation in
Chinese Gas Turbine Market II-78
Alstom to Supply Steam Turbines to D.C. Cook Nuclear Power Plant II-78
Alstom Bags Contract to Supply GT13E2 Gas Turbine Generators
to HPI II-78
Alstom Bharat Secures Order for 660 MW Coal Turbine Islands
from Nabinagar Power II-78
Alstom Bags Order from Eurus Energy to Supply 10 ECO 74 Wind
Turbines II-78
Alstom Inks Agreement with Renova Energia for Wind Turbine Supply II-78
Fondo Strategico and Shanghai Electric Ink Long-Term Strategic
Agreement II-79
BHEL Bags Order for Supply of Turbine Generators to Neyveli
Lignite II-79
Gamesa and TuuliWatti Ink Agreement for Supply of 5 MW Wind
Turbines II-79
Gamesa Inks Agreement to Supply 101 G97-2.0 Wind Turbines to
the Baffin Project II-79
Gamesa and FCC Ink Agreement for Supply of 397 Wind Turbines
in Spain II-79
Gamesa Bags Order for Maintenance of 2286 MW Turbines in
Portugal and Spain II-79
Gamesa Secures Design Certification for 5 MW Offshore Turbine II-79
Gamesa Bags Order to Supply 400 MW Wind Trubines for European
EDP Renewables II-79
Goldwind Bags Order for Supply of 51 MW Wind Turbines in Cuba II-79
MHI Bags Order from KEPCO for Supply of M501J Steam and Gas
Turbines II-80
MHI Secures Order to Supply M701F4 Gas turbine Systems to
Uzbekistan's Utility Company II-80
MHI Secures Order from ODEC to Supply 2 M501GAC Gas Turbines II-80
MHI Lands Deal from Chhabra Thermal for Supply of Coal-Fired
Turbine Sets II-80
MHI Acquires Pratt and Whitney Power Systems II-80
MHI and Qingdao Jieneng Ink Agreement to Set Up JV for Steam
Turbines in China II-80
Alstom Partners with Harbin, Strategizes to Enter Chinese Gas
Turbine Market II-80
GE and Sonelgaz to Collaborate for Establishing Gas Turbine
Complex in Algeria II-80
Siemens and Wood Group Set Up Gas Turbine Joint Venture II-81
Rolls Royce Bags Order for Gas Turbine for Royal Navy Combat Ship II-81
Siemens to Deliver Gas Turbines for North Russian Electricity
Plant II-81
GE and Nanjing to Supply Gas Turbines to Chinese Cogen Plant II-81
Mitsubishi Gas Turbines Selected for Wildcat Point Project II-81
MJBI and SoEnergy Collaborate II-81
Kawasaki Heavy Industries Ships steam turbine generator to
Taiwanese Dragon Steel II-81
Siemens Bags Order to Supply Steam Turbines to Korean CHP Plant II-81
Toshiba to Expand Capacity of Steam Turbines Production JV in
Chennai City II-82
Toshiba JSW Commences Steam Turbine Production Facility in India II-82
Toshiba Completes Construction of Steam Turbine Plant in India II-82
Skoda Power to Supply Turbine Island to Lund Project II-82
Turboatom Delivers Hydraulic Turbines to Tajikistan's Rogun Plant II-82
Tocardo Commences Production of Hydro Turbines for Japanese
and Nepalese Projects II-82
Rolls-Royce Bags US$30 Million Gas Turbine Order from Shell II-82
Siemens Establishes Gas Turbine Manufacturing Plant and
Training Centre in Saudi Arabia II-82

7. FOCUS ON SELECT GLOBAL PLAYERS II-83
ABB Ltd. (Switzerland) II-83
Alstom SA (France) II-83
Ansaldo Energia Spa (Italy) II-84
Bharat Heavy Electricals Limited (India) II-84
Caterpillar, Inc. (US) II-85
DeWind Inc. (USA) II-85
Dongfang Electric Corporation (China) II-85
Enercon GmbH (Germany) II-86
Gamesa (Spain) II-86
GE Energy (US) II-86
Goldwind Science and Technology Co., Ltd. (China) II-87
Harbin Turbine Co., Ltd. (China) II-87
Hitachi, Ltd. (Japan) II-87
Jeumont Electric (France) II-87
JFE Holdings, Inc., (Japan) II-88
Mitsubishi Heavy Industries Ltd. (Japan) II-88
Nordex Aktiengesellschaft (Germany) II-88
Pratt and Whitney (US) II-89
Rolls Royce Group Plc (UK) II-89
Shanghai Electric Group Co., Ltd. (China) II-89
Shin Nippon Machinery Co., Ltd. (Japan) II-90
Siemens AG (Germany) II-90
Suzlon Energy Limited (India) II-90
Senvion SE (Germany) II-91
Toshiba Corporation (Japan) II-91
Vestas Wind Systems A/S (Denmark) II-91

8. GLOBAL MARKET PERSPECTIVE II-92
Table 31: World Recent Past, Current and Future Analysis for
Turbines by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East/Africa and Latin
America Markets Independently Analyzed with Installations in
US$ Million for Years 2012 through 2020 (includes
corresponding Graph/Chart) II-92

Table 32: World 9-Year Perspective for Turbines by Geographic
Region - Percentage Breakdown of Installations in Value for
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Middle East/Africa and Latin America Markets for Years 2012,
2014 and 2020 (includes corresponding Graph/Chart) II-93

Table 33: World Recent Past, Current and Future Analysis for
Turbines by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East/Africa and Latin
America Markets Independently Analyzed with New Capacity
Addition in Megawatts for Years 2012 through 2020 (includes
corresponding Graph/Chart) II-94

Table 34: World 9-Year Perspective for Turbines by Geographic
Region - Percentage Breakdown of New Capacity Addition in
Megawatts for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East/Africa and Latin America
Markets for Years 2012, 2014 and 2020Turbines by Product Segment
(includes corresponding Graph/Chart) II-95

Table 35: World Recent Past, Current and Future Analysis for
Hydraulic Turbines by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Middle East/Africa and
Latin America Markets Independently Analyzed with New Capacity
Addition in Megawatts for Years 2012 through 2020 (includes
corresponding Graph/Chart) II-96

Table 36: World 9-Year Perspective for Hydraulic Turbines by
Geographic Region - Percentage Breakdown of New Capacity
Addition in Megawatts for US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East/Africa and Latin
America Markets for Years 2012, 2014 and 2020 (includes
corresponding Graph/Chart) II-97

Table 37: World Recent Past, Current and Future Analysis for
Steam Turbines by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Middle East/Africa and
Latin America Markets Independently Analyzed with New Capacity
Addition in Megawatts for Years 2012 through 2020 (includes
corresponding Graph/Chart) II-98

Table 38: World 9-Year Perspective for Steam Turbines by
Geographic Region - Percentage Breakdown of New Capacity
Addition in Megawatts for US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East/Africa and Latin
America Markets for Years 2012, 2014 and 2020 (includes
corresponding Graph/Chart) II-99

Table 39: World Recent Past, Current and Future Analysis for Gas
Turbines by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East/Africa and Latin
America Markets Independently Analyzed with New Capacity
Addition in Megawatts for Years 2012 through 2020 (includes
corresponding Graph/Chart) II-100

Table 40: World 9-Year Perspective for Gas Turbines by
Geographic Region - Percentage Breakdown of New Capacity
Addition in Megawatts for US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East/Africa and Latin
America Markets for Years 2012, 2014 and 2020 (includes
corresponding Graph/Chart) II-101

Table 41: World Recent Past, Current and Future Analysis for
Wind Turbines by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Middle East/Africa and
Latin America Markets Independently Analyzed with New Capacity
Addition in Megawatts for Years 2012 through 2020 (includes
corresponding Graph/Chart) II-102

Table 42: World 9-Year Perspective for Wind Turbines by
Geographic Region - Percentage Breakdown of New Capacity
Addition in Megawatts for US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East/Africa and Latin
America Markets for Years 2012, 2014 and 2020 (includes
corresponding Graph/Chart) II-103

Table 43: World Recent Past, Current and Future Analysis for
Other Turbines by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Middle East/Africa and
Latin America Markets Independently Analyzed with New Capacity
Addition in Megawatts for Years 2012 through 2020 (includes
corresponding Graph/Chart) II-104

Table 44: World 9-Year Perspective for Other Turbines by
Geographic Region - Percentage Breakdown of New Capacity
Addition in Megawatts for US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East/ Africa and Latin
America Markets for Years 2012, 2014 and 2020 (includes
corresponding Graph/Chart) II-105


III. MARKET

1. THE UNITED STATES III-1
A.Market Analysis III-1
Market Overview III-1
Table 45: US Steam Turbines Market by Leading Player
(2013): Percentage Market Share Breakdown for GE, Siemens,
Alstom, and Others (includes corresponding Graph/Chart) III-1

Table 46: US Gas Turbines Market by Leading Player (2013):
Percentage Market Share Breakdown for GE, Siemens, Alstom,
and Others (includes corresponding Graph/Chart) III-2
Favorable Fuel Prices Triggers Shift from Coal-fired to Gas
-fired Power Production III-2
Natural Gas to Gain Upper Hand over Coal in Power Generation
Sector III-2
Table 47: US Power Generation Capacity by Energy Source
(2010 and 2020): Percentage Breakdown of Power Generation
Capacity from Gas, Coal, Nuclear, Renewable Energy, Hydro,
and Oil Sources (includes corresponding Graph/Chart) III-3
Shale Gas Discoveries to Transform Market for Gas Turbines III-3
Companies Spruce Up Offerings to Make Most of the
Opportunity at Hand III-4
Hitachi's Upgraded Gas Turbine Models III-4
Alstom's Advanced GT24 Gas Turbine III-4
Siemens' Innovative Gas Turbine Designs III-5
GE Reduces Consumer Downtime with Next-Generation Turbine
Validation Facility III-5
MPSA Offers Advanced Large Frame Models for North American
Customers III-5
Advanced Technology to Improve Performance and Efficiency of
Gas Turbines III-6
High Potential US Geothermal Energy Resource Base III-6
Strong Prospects for Mighty Wind Power in the Near Term III-7
Table 48: US Energy Market (2013): Percentage Breakdown of
Net Energy Generated by Source (includes corresponding
Graph/Chart) III-7
Despite Slump in 2013, Prospects Remain Strong for Wind
Turbines for 2014 and Beyond III-8
A High Potential Market for Small Wind Turbines III-8
Table 49: Global Small Wind Turbine Cumulative Installed
Units as at 2011 by Top Ten Countries (includes
corresponding Graph/Chart) III-9

Table 50: US Market for Small Wind Turbines - Number of
Units Sold Between 2001 and 2010 (‘000 Units) (includes
corresponding Graph/Chart) III-10
DOE Selects Three Offshore Wind Energy Projects to Enhance
Offshore Wind Power III-10
Key Statistical Findings: III-11
Table 51: US Steam Turbines Market (2013): Percentage Share
Breakdown of Annual Revenues of Capacity Additions for
Independent Power Producers (IPP), Utilities, and
Industries (includes corresponding Graph/Chart) III-11

Table 52: US Gas Turbines Market (2013): Percentage Share
Breakdown of Annual Revenues of Capacity Additions for
Utilities, Independent Power Producers (IPP), and
Industries (includes corresponding Graph/Chart) III-11

Table 53: US Wind Power Project Ownership (2013):
Percentage Share Breakdown of Capacity by Owner Type
(includes corresponding Graph/Chart) III-12

Table 54: US Wind Power Market (2010): Percentage Share
Breakdown of Cumulative Installed Capacity by State
(includes corresponding Graph/Chart) III-12
Import/Export Statistics III-13
Table 55: US Exports of Steam and Other Vapour Turbines
(2013): Percentage Share Breakdown of Export Value by
Destination Country (includes corresponding Graph/Chart) III-13

Table 56: US Exports of Hydraulic Turbines, Regulators and
Water Wheels (2013): Percentage Share Breakdown of Export
Value by Destination Country (includes corresponding
Graph/Chart) III-13

Table 57: US Exports of Gas Turbines (2013): Percentage
Share Breakdown of Export Value by Destination Country
(includes corresponding Graph/Chart) III-13

Table 58: US Imports of Steam and Other Vapour Turbines
(2013): Percentage Share Breakdown of Import Value by
Country of Origin (includes corresponding Graph/Chart) III-14

Table 59: US Imports of Hydraulic Turbines (2013);
Percentage Share Breakdown of Import Value by Country of
Origin (includes corresponding Graph/Chart) III-14

Table 60: US Imports of Gas Turbines (2013): Percentage
Share Breakdown of Import Value by Country of Origin
(includes corresponding Graph/Chart) III-14
Product Launches III-15
Strategic Corporate Developments III-15
Select Us Players III-16
B.Market Analytics III-19
Value Analytics III-19
Table 61: US Recent Past, Current and Future Analysis for
Turbines Analyzed with Annual Installation Revenues in US$
Million for Years 2012 through 2020 (includes corresponding
Graph/Chart) III-19
Volume Analytics III-20
Table 62: US Recent Past, Current and Future Analysis for
Turbines by Product Segment - Hydraulic Turbines, Steam
Turbines, Gas Turbines, Wind Turbines and Others
Independently Analyzed with Annual New Capacity Addition in
Megawatts for Years 2012 through 2020 (includes
corresponding Graph/Chart) III-20

Table 63: US 9-Year Perspective for Turbines by Product
Segment - Percentage Breakdown of Annual New Capacity
Addition in Megawatts for Hydraulic Turbines, Steam
Turbines, Gas Turbines, Wind Turbines and Others for Years
2012, 2014 and 2020 (includes corresponding Graph/Chart) III-21

2. CANADA III-22
A.Market Analysis III-22
Current and Future Analysis III-22
Canadian Market for Wind Energy to Witness the Highest Growth III-22
Import - Export Statistics III-23
Table 64: Canadian Exports of Steam and Other Vapour
Turbines (2013): Percentage Share Breakdown of Export Value
by Destination Country (includes corresponding Graph/Chart) III-23

Table 65: Canadian Exports of Hydraulic Turbines,
Regulators and Water Wheels (2013): Percentage Share
Breakdown of Export Value by Destination Country (includes
corresponding Graph/Chart) III-23

Table 66: Canadian Exports of Turbo-Jets, Turbo-Propellers
and Other Gas Turbines (2013): Percentage Share Breakdown
of Export Value by Destination Country (includes
corresponding Graph/Chart) III-24

Table 67: Canadian Exports of Turbine and Turbine Generator
Sets (2013): Percentage Share Breakdown of Export Value by
Destination Country (includes corresponding Graph/Chart) III-24

Table 68: Canadian Imports of Steam and Other Vapour
Turbines (2013): Percentage Share Breakdown of Import Value
by Country of Origin (includes corresponding Graph/Chart) III-24

Table 69: Canadian Imports of Hydraulic Turbines, Water
Wheels and Regulators (2013): Percentage Share Breakdown of
Import Value by Country of Origin (includes corresponding
Graph/Chart) III-25

Table 70: Canadian Imports of Turbo Jets, Turbo Propellers
and Other Gas Turbines (2013): Percentage Share Breakdown
of Import Value by Country of Origin (includes
corresponding Graph/Chart) III-25

Table 71: Canadian Imports of Turbine and Turbine Generator
Sets (2013): Percentage Share Breakdown of Import Value by
Country of Origin (includes corresponding Graph/Chart) III-25
Strategic Corporate Development III-26
B.Market Analytics III-26
Value Analytics III-26
Table 72: Canadian Recent Past, Current and Future Analysis
for Turbines Analyzed with Annual Installation Revenues in
US$ Million for Years 2012 through 2020 (includes
corresponding Graph/Chart) III-26
Volume Analytics III-27
Table 73: Canadian Recent Past, Current and Future Analysis
for Turbines by Product Segment - Hydraulic Turbines, Steam
Turbines, Gas Turbines, Wind Turbines and Others
Independently Analyzed with Annual New Capacity Addition in
Megawatts for Years 2012 through 2020 (includes
corresponding Graph/Chart) III-27

Table 74: Canadian 9-Year Perspective for Turbines by
Product Segment - Percentage Breakdown of Annual New
Capacity Addition in Megawatts for Hydraulic Turbines,
Steam Turbines, Gas Turbines, Wind Turbines and Others for
Years 2012, 2014 and 2020 (includes corresponding
Graph/Chart) III-28

3. JAPAN III-29
A.Market Analysis III-29
Current and Future Analysis III-29
Table 75: Japanese Power Generation Capacity by Energy
Source (2010 and 2020): Percentage Breakdown of Power
Generation Capacity from Gas, Renewable Energy, Coal, Oil,
Hydro, and Nuclear Sources (includes corresponding
Graph/Chart) III-29
Product Launches III-30
Strategic Corporate Developments III-30
Select Japanese Players III-32
B.Market Analytics III-34
Value Analytics III-34
Table 76: Japanese Recent Past, Current and Future Analysis
for Turbines Analyzed with Annual Installation Revenues in
US$ Million for Years 2012 through 2020 (includes
corresponding Graph/Chart) III-34
Volume Analytics III-35
Table 77: Japanese Recent Past, Current and Future Analysis
for Turbines by Product Segment - Hydraulic Turbines, Steam
Turbines, Gas Turbines, Wind Turbines and Others
Independently Analyzed with Annual New Capacity Addition in
Megawatts for Years 2012 through 2020 (includes
corresponding Graph/Chart) III-35

Table 78: Japanese 9-Year Perspective for Turbines by
Product Segment - Percentage Breakdown of Annual New
Capacity Addition in Megawatts for Hydraulic Turbines,
Steam Turbines, Gas Turbines, Wind Turbines and Others for
Years 2012, 2014 and 2020 (includes corresponding
Graph/Chart) III-36

4. EUROPE III-37
A.Market Analysis III-37
Current and Future Analysis III-37
Demand for Steam Turbines to Remain Strong despite Economic
Slowdown III-37
Long-Term Outlook for European Gas Turbines Market Remains
Promising III-37
Europe - Largest Producer of Wind Energy III-38
Growing Trend towards Off-Shore Wind Farms across Western
Europe III-38
Table 79: European Offshore Wind Capacity Annual
Installations (2013) - Percentage Share Breakdown of MW
Capacity by Country (includes corresponding Graph/Chart) III-39

Table 80: European Cumulative Offshore Wind Turbine
Installations (2013) - Percentage Share Breakdown of MW
Installations by Country (includes corresponding
Graph/Chart) III-40

Table 81: European Offshore Wind Capacity Annual
Installations (2013) - Percentage Share Breakdown of
Installed Capacity by Sea Basin (includes corresponding
Graph/Chart) III-40

Table 82: European Offshore Wind Capacity Annual
Installations (2013) - Percentage Breakdown of Market
Share by Turbine Manufacturer (includes corresponding
Graph/Chart) III-40

Table 83: European Offshore Wind Capacity Annual
Installations (2013) - Percentage Breakdown of Market
Share by Wind Farm Developer (includes corresponding
Graph/Chart) III-41

Table 84: European Cumulative Offshore Wind Capacity
Installed Base in MW (2004-2013) (includes corresponding
Graph/Chart) III-41

Table 85: European Annual Investments in Offshore Wind
Farms (2004-2013) - Breakdown of Investment in Billions of
Euros (includes corresponding Graph/Chart) III-42
Gearbox and Geared Motor Makers Invest in Technology
Development III-42
European Market for Micro and Mini Turbines III-42
European Generator-Set Market III-43
Key Statistical Findings: III-43
Table 86: European Gas Turbines Market by Leading Player
(2013): Percentage Breakdown of Market Share for Alstom,
Siemens, GE, and Others (includes corresponding
Graph/Chart) III-43

Table 87: European Steam Turbines Market by Leading Player
(2013): Percentage Breakdown of Market Share for Siemens,
Alstom, Ansaldo Energia, GE, and Others (includes
corresponding Graph/Chart) III-43
B.Market Analytics III-44
Value Analytics III-44
Table 88: European Recent Past, Current and Future Analysis
for Turbines by Geographic Region - France, Germany, Italy,
UK, Spain, Russia and Rest of Europe Markets Independently
Analyzed with Installation Revenues in US$ Million for
Years 2012 through 2020 (includes corresponding
Graph/Chart) III-44

Table 89: European 9-Year Perspective for Turbines by
Geographic Region - Percentage Breakdown Installations in
Value for France, Germany, Italy, UK, Spain, Russia and
Rest of Europe Markets for Years 2012, 2014 and 2020
(includes corresponding Graph/Chart) III-45
Volume Analytics III-46
Table 90: European Recent Past, Current and Future Analysis
for Turbines by Geographic Region - France, Germany, Italy,
UK, Spain, Russia and Rest of Europe Markets Independently
Analyzed with Annual New Capacity Addition in Megawatts for
Years 2012 through 2020 (includes corresponding
Graph/Chart) III-46

Table 91: European 9-Year Perspective for Turbines by
Geographic Region - Percentage Breakdown of Annual New
Capacity Addition in Megawatts for France, Germany, Italy,
UK, Spain, Russia and Rest of Europe Markets for Years
2012, 2014 and 2020 (includes corresponding Graph/Chart) III-47

Table 92: European Recent Past, Current and Future Analysis
for Turbines by Product Segment - Hydraulic Turbines, Steam
Turbines, Gas Turbines, Wind Turbines and Others
Independently Analyzed with Annual New Capacity Addition in
Megawatts for Years 2012 through 2020 (includes
corresponding Graph/Chart) III-48

Table 93: European 9-Year Perspective for Turbines by
Product Segment - Percentage Breakdown of Annual New
Capacity Addition in Megawatts for Hydraulic Turbines,
Steam Turbines, Gas Turbines, Wind Turbines and Others for
Years 2012, 2014 and 2020 (includes corresponding
Graph/Chart) III-49

4a. FRANCE III-50
A.Market Analysis III-50
Current and Future Analysis III-50
Table 94: Wind Turbine Manufacturers in France by Leading
Player (2013) - Percentage Share Breakdown for GE, Vestas,
Enercon, Senvion and Others (includes corresponding
Graph/Chart) III-50
Product Launches III-50
Strategic Corporate Developments III-51
Select French Players III-53
B.Market Analytics III-54
Value Analytics III-54
Table 95: French Recent Past, Current and Future Analysis for
Turbines Analyzed with Annual Installation Revenues in US$
Million for Years 2012 through 2020 (includes corresponding
Graph/Chart) III-54
Volume Analytics III-55
Table 96: French Recent Past, Current and Future Analysis for
Turbines by Product Segment - Hydraulic Turbines, Steam
Turbines, Gas Turbines, Wind Turbines and Others
Independently Analyzed with Annual New Capacity Addition in
Megawatts for Years 2012 through 2020 (includes
corresponding Graph/Chart) III-55

Table 97: French 9-Year Perspective for Turbines by Product
Segment - Percentage Breakdown of Annual New Capacity
Addition in Megawatts for Hydraulic Turbines, Steam
Turbines, Gas Turbines, Wind Turbines and Others for Years
2012, 2014 and 2020 (includes corresponding Graph/Chart) III-56

4b. GERMANY III-57
A.Market Analysis III-57
Current and Future Analysis III-57
Product Launches III-57
Strategic Corporate Developments III-58
Select German Players III-59
B.Market Analytics III-61
Value Analytics III-61
Table 98: German Recent Past, Current and Future Analysis for
Turbines Analyzed with Annual Installation Revenues in US$
Million for Years 2012 through 2020 (includes corresponding
Graph/Chart) III-61
Volume Analytics III-62
Table 99: German Recent Past, Current and Future Analysis for
Turbines by Product Segment - Hydraulic Turbines, Steam
Turbines, Gas Turbines, Wind Turbines and Others
Independently Analyzed with Annual New Capacity Addition in
Megawatts for Years 2012 through 2020 (includes
corresponding Graph/Chart) III-62

Table 100: German 9-Year Perspective for Turbines by
Product Segment - Percentage Breakdown of Annual New
Capacity Addition in Megawatts for Hydraulic Turbines,
Steam Turbines, Gas Turbines, Wind Turbines and Others for
Years 2012, 2014 and 2020 (includes corresponding
Graph/Chart) III-63

4c. ITALY III-64
A.Market Analysis III-64
Current and Future Analysis III-64
Table 101: Italian Wind Turbine Market by Leading Player
(2013) - Percentage Breakdown of Market Share for Vestas,
Enercon, Gamesa, GE Wind, Siemens, and Others (includes
corresponding Graph/Chart) III-64
Ansaldo Energia Spa - A Key Italian Player III-64
B.Market Analytics III-65
Value Analytics III-65
Table 102: Italian Recent Past, Current and Future Analysis
for Turbines Analyzed with Annual Installation Revenues in
US$ Million for Years 2012 through 2020 (includes
corresponding Graph/Chart) III-65
Volume Analytics III-66
Table 103: Italian Recent Past, Current and Future Analysis
for Turbines by Product Segment - Hydraulic Turbines, Steam
Turbines, Gas Turbines, Wind Turbines and Others
Independently Analyzed with Annual New Capacity Addition in
Megawatts for Years 2012 through 2020 (includes
corresponding Graph/Chart) III-66

Table 104: Italian 9-Year Perspective for Turbines by
Product Segment - Percentage Breakdown of Annual New
Capacity Addition in Megawatts for Hydraulic Turbines,
Steam Turbines, Gas Turbines, Wind Turbines and Others for
Years 2012, 2014 and 2020 (includes corresponding
Graph/Chart) III-67

4d. THE UNITED KINGDOM III-68
A.Market Analysis III-68
Current and Future Analysis III-68
Increased Construction of Thermal Power Plants to Benefit
the Market III-68
Small Wind Turbine Market Exhibits Rapid Growth in UK III-68
Product Launch III-69
Strategic Corporate Developments III-69
Rolls Royce Group Plc - A Key Uk Player III-69
B.Market Analytics III-70
Value Analytics III-70
Table 105: The UK Recent Past, Current and Future Analysis
for Turbines Analyzed with Annual Installation Revenues in
US$ Million for Years 2012 through 2020 (includes
corresponding Graph/Chart) III-70
Volume Analytics

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