Global demand to increase 5.6% annually through 2014
The world market for turbines and related products (turbine-based engines, generators and generator sets) is projected to increase 5.6 percent per year through 2014 to $135 billion. Growth will be driven by the wind turbine sector, which consistently exceeded industry growth estimates over the 2004 to 2009 period. In fact, 2009 was a record year for new wind power generation, with 44 gigawatts of new capacity added worldwide in spite of a large part of the world being in recession. China doubled its installed wind power generation capacity in 2009, with the US also seeing stellar growth in new capacity. Through 2014, the large turbine engine segment will also post strong gains, supported by increases in aircraft manufacturing as a result of surging demand from heavily populated developing countries such as China and India in both commercial and military applications. The vast majority of global aircraft manufacturing will continue to be accounted for by Boeing (US) and Airbus (France).
Growth in China to remain well above global average
Growth in demand for turbines and related products in China will remain well above the global average through 2014, although it will drop considerably from the 30 percent per year gains registered between 2004 and 2009. The Asia/Pacific region will expand its share of global demand from 28 percent in 2009 to 30 percent in 2014. Strongest percentage gains in demand will be seen in the Central and South America and Africa/Mideast regions, although both regions combined will account for less than nine percent of global turbine and related product demand in 2014. US demand will grow 3.4 percent per year through 2014, with stronger gains hindered by the fact that 2009 was such a strong year for US wind turbine sales. Of the total installed wind power generation capacity in the US at the end of 2009, almost 30 percent was added in 2009. Demand in Western Europe will also grow 3.4 percent per year through 2014. The West European wind energy sector is the most mature in the world and will post very weak gains through 2014. Wind power currently supplies about 20 percent of Denmark’s electricity demand; 14 percent of Spain’s and Portugal’s, eleven percent of Ireland’s, and eight percent of Germany’s. These rates are unheard of in other regions and countries of the world. In the US, for example, only 2.5 percent of total electricity needs are supplied by wind energy.
Study coverage
This new industry study, World Turbines, presents historical demand data for the years 1999, 2004 and 2009, plus forecasts for 2014 and 2019 by turbine product, application, world region and for 22 countries. The study also considers market environment factors, evaluates company market share and profiles selected industry competitors, including General Electric, Siemens and Alstom.
Global Wind Turbine Industry
TABLE OF CONTENTS
INTRODUCTION xii
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Demographic Outlook 5
World Economic Outlook 6
Recent Historical Trends 6
World Economic Outlook 8
World Industrial Outlook 12
Industrial Output Trends 13
Gross Fixed Investment Outlook 14
Aerospace Equipment Manufacturing Trends 16
World Electric Power Generation Outlook 20
Electricity Generation 20
Distributed Power/Micropower 22
Turbine Product Cost & Pricing Dynamics 23
Turbine Technology Trends 25
Basic Turbine Operation & Actuation Methods 26
Alternative/Competitive Power Sources 28
Photovoltaics 29
Fuel Cells 30
Environmental & Regulatory Issues 32
III. SUPPLY & DEMAND 34
General 34
World Turbine Markets 35
Regional Markets 37
Applications 40
Electric Power Generation 43
Aircraft Engines 45
Marine & Other 51
Products 52
Wind 54
Gas Combustion 58
Steam & Hydraulic 60
Turbine Engines 63
Turbine Generators & Generator Sets 67
World Turbine Production 69
International Trade Flows 73
IV. NORTH AMERICA 76
General 76
Turbine Supply & Demand 77
Regional Outlook 79
United States 80
Canada 89
Mexico 94
V. WESTERN EUROPE 99
General 99
Turbine Supply & Demand 100
Regional Outlook 103
France 106
United Kingdom 111
Germany 117
Spain 123
Italy 128
Switzerland 133
Sweden 137
The Netherlands 142
Belgium 147
Denmark 151
Other Western Europe 156
VI. ASIA/PACIFIC 161
General 161
Turbine Supply & Demand 162
Regional Outlook 164
China 166
Japan 174
India 181
Australia 186
South Korea 191
Other Asia/Pacific 197
VII. OTHER REGIONS 203
Central & South America 203
Turbine Supply & Demand 204
Regional Outlook 206
Brazil 208
Other Central & South America 212
Eastern Europe 217
Turbine Supply & Demand 218
Regional Outlook 220
Russia 222
Poland 227
Czech Republic 231
Other Eastern Europe 236
Africa/Mideast 241
Turbine Supply & Demand 242
Regional Outlook 244
VIII. INDUSTRY STRUCTURE 247
General 247
Industry Composition & Market Share 248
Electric Power Generation 251
Aircraft Engines 253
Product Development & Manufacturing 254
Marketing & Distribution 255
Financial Issues & Requirements 256
Mergers, Acquisitions & Industry Restructuring 258
Strategic Partnerships 260
Company Profiles 282
ABB Limited 283
Acciona SA 286
Alstom SA 288
Ansaldo Energia, see Finmeccanica
Ansaldo Thomassen, see Finmeccanica
Avio SpA 292
Bharat Heavy Electricals Limited 298
BHEL-GE Gas Turbine Services, see Bharat Heavy
Electricals and General Electric
Capstone Turbine Corporation 300
Caterpillar Incorporated 302
CFE, see General Electric and Honeywell International
CFM International, see General Electric and SAFRAN
China Chang Jiang Energy Corporation 304
DHI DCW Group Company Limited 306
Dongfang Electric Corporation 308
Doosan Heavy Industries and Construction
Company Limited 310
Dresser-Rand Group Incorporated 313
Enercon GmbH 317
Engine Alliance, see General Electric and United
Technologies
EUROJET Turbo, see Avio, MTU Aero Engines and
Rolls-Royce
Europea Microfusioni Aerospaziali, see Rolls-Royce
Europrop International, see MTU Aero Engines, Rolls-
Royce and SAFRAN
EUTurbines, see Alstom, Doosan Heavy Industries and
Construction, Dresser-Rand Group, Finmeccanica,
General Electric, MAN, Rolls-Royce and Siemens
Famat, see General Electric and SAFRAN
Finmeccanica SpA 319
Gamesa Corporacion Tecnologica SA 322
GE Aviation, see General Electric
GE Honda Aero Engines, see General Electric
General Electric Company 325
Goldwind Science & Technology Company Limited 339
Hamilton Sundstrand, see United Technologies
Hansen Transmissions International, see Suzlon Energy
Hitachi Limited 341
Honeywell International Incorporated 344
IAE International Aero Engines, see MTU Aero Engines,
Rolls-Royce and United Technologies
IHI Corporation 347
International Turbine Engine, see Honeywell International
Japanese Aero Engines, see IHI and Mitsubishi Heavy
Industries
L&T-MHI Turbine Generators Private, see Mitsubishi
Heavy Industries
Light Helicopter Turbine Engine, see Honeywell
International and Rolls-Royce
MAN SE 351
Mitsubishi Heavy Industries Limited 353
MTU Aero Engines GmbH 359
Nordex SE 368
PowerJet, see SAFRAN
Pratt & Whitney, see United Technologies
ReGENco, see Toshiba
REpower Systems, see Suzlon Energy
Rolls-Royce plc 371
SAFRAN SA 382
Siemens AG 391
SKODA Holding as 396
Snecma, see SAFRAN
Solar Turbines, see Caterpillar
Suzlon Energy Limited 397
Techspace Aero, see SAFRAN
Tianjin Alstom Hydro, see Alstom
Toshiba Corporation 401
Turbo-Union, see Avio, MTU Aero Engines and Rolls-
Royce
Turbomeca, see SAFRAN
United Technologies Corporation 404
Vericor Power Systems, see MTU Aero Engines
Vestas Wind Systems A/S 413
Voith AG 418
Volvo AB 421
Additional Companies in the World Turbine Industry 427
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 World Population by Region 6
2 World Gross Domestic Product by Region 12
3 World Manufacturing Value Added by Region 14
4 World Gross Fixed Investment by Region 16
5 World Aerospace Equipment Shipments by Region 19
6 World Electric Power Generation by Region 22
SECTION III -- SUPPLY & DEMAND
1 World Turbine Product Demand by Region 39
2 World Turbine Product Demand by Application 42
3 Electric Power Generation Turbine Product Demand
by Region 45
4 Turbine-Based Aircraft Engine Demand by Region 47
5 Turbine Engine Producers for Selected Aircraft 48
6 Marine & Other Applications Turbine Product Demand
by Region 52
7 World Turbine Product Demand by Type 53
8 Wind Turbine Demand by Region 58
9 Gas Combustion Turbine Demand by Region 60
10 Steam & Hydraulic Turbine Demand by Region 63
11 Turbine Engine Demand by Region 67
12 Turbine Generator & Generator Set Demand by Region 69
13 World Turbine Product Shipments by Region 72
14 World Turbine Product Net Exports by Region 75
SECTION IV -- NORTH AMERICA
1 North America -- Turbine Product Supply & Demand 78
2 North America -- Turbine Product Demand by Application 80
3 United States -- Turbine Product Supply & Demand 85
4 United States -- Turbine Product Demand by Application 88
5 Canada -- Turbine Product Supply & Demand 91
6 Canada -- Turbine Product Demand by Application 93
7 Mexico -- Turbine Product Supply & Demand 96
8 Mexico -- Turbine Product Demand by Application 98
SECTION V -- WESTERN EUROPE
1 Western Europe -- Turbine Product Supply & Demand 103
2 Western Europe -- Turbine Product Demand by Application 106
3 France -- Turbine Product Supply & Demand 109
4 France -- Turbine Product Demand by Application 111
5 United Kingdom -- Turbine Product Supply & Demand 114
6 United Kingdom -- Turbine Product Demand by Application 117
7 Germany -- Turbine Product Supply & Demand 120
8 Germany -- Turbine Product Demand by Application 123
9 Spain -- Turbine Product Supply & Demand 126
10 Spain -- Turbine Product Demand by Application 128
11 Italy -- Turbine Product Supply & Demand 131
12 Italy -- Turbine Product Demand by Application 133
13 Switzerland -- Turbine Product Supply & Demand 135
14 Switzerland -- Turbine Product Demand by Application 137
15 Sweden -- Turbine Product Supply & Demand 140
16 Sweden -- Turbine Product Demand by Application 142
17 The Netherlands -- Turbine Product Supply & Demand 144
18 The Netherlands -- Turbine Product Demand by Application 146
19 Belgium -- Turbine Product Supply & Demand 149
20 Belgium -- Turbine Product Demand by Application 151
21 Denmark -- Turbine Product Supply & Demand 154
22 Denmark -- Turbine Product Demand by Application 156
23 Other Western Europe -- Turbine Product Supply & Demand 158
24 Other Western Europe -- Turbine Product Demand
by Application 160
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific -- Turbine Product Supply & Demand 164
2 Asia/Pacific -- Turbine Product Demand by Application 166
3 China -- Turbine Product Supply & Demand 170
4 China -- Turbine Product Demand by Application 174
5 Japan -- Turbine Product Supply & Demand 178
6 Japan -- Turbine Product Demand by Application 181
7 India -- Turbine Product Supply & Demand 184
8 India -- Turbine Product Demand by Application 186
9 Australia -- Turbine Product Supply & Demand 189
10 Australia -- Turbine Product Demand by Application 191
11 South Korea -- Turbine Product Supply & Demand 194
12 South Korea -- Turbine Product Demand by Application 196
13 Other Asia/Pacific -- Turbine Product Supply & Demand 200
14 Other Asia/Pacific -- Turbine Product Demand by Application 202
SECTION VII -- OTHER REGIONS
1 Central & South America -- Turbine Product Supply
& Demand 206
2 Central & South America -- Turbine Product Demand
by Application 207
3 Brazil -- Turbine Product Supply & Demand 210
4 Brazil -- Turbine Product Demand by Application 212
5 Other Central & South America -- Turbine Product Supply
& Demand 215
6 Other Central & South America -- Turbine Product Demand
by Application 217
7 Eastern Europe -- Turbine Product Supply & Demand 220
8 Eastern Europe -- Turbine Product Demand by Application 221
9 Russia -- Turbine Product Supply & Demand 224
10 Russia -- Turbine Product Demand by Application 226
11 Poland -- Turbine Product Supply & Demand 229
12 Poland -- Turbine Product Demand by Application 231
13 Czech Republic -- Turbine Product Supply & Demand 234
14 Czech Republic -- Turbine Product Demand by Application 236
15 Other Eastern Europe -- Turbine Product Supply & Demand 239
16 Other Eastern Europe -- Turbine Product Demand
by Application 241
17 Africa/Mideast -- Turbine Product Supply & Demand 244
18 Africa/Mideast -- Turbine Product Demand by Application 246
SECTION VIII -- INDUSTRY STRUCTURE
1 Turbine Product Sales by Company, 2009 250
2 Selected Acquisitions & Divestitures 259
3 Selected Cooperative Agreements 263
LIST OF CHARTS
SECTION III -- SUPPLY & DEMAND
1 World Turbine Product Demand by Region, 2009 40
2 World Turbine Product Demand by Application, 2009 43
3 World Turbine Product Demand by Type, 2009 54
4 World Turbine Product Shipments by Region, 2009 73
SECTION VIII -- INDUSTRY STRUCTURE
1 World Turbine Product Market Share by Company, 2009 251
2 World Electric Power Generation Turbine Market Share
by Company, 2009 252
3 World Turbine-Based Aircraft Engine Market Share
by Company, 2009 254
