I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Turbines: Enhancing the Performance of Power Generation
Disruptive Effect of Renewable Energy on the Traditional
Electricity System: The Fundamental Growth Driver
Recent Market Activity
Factors Disrupting the Global Energy Market
Smart Solutions to Mitigate Issues
Rising Share of Renewable Sources in Energy Generation Portfolio
Growing Number of Renewable Energy Projects Undertaken Worldwide
Declining Cost of Wind and Solar Power Make Renewables an
Integral Part of Energy Portfolio
Escalating Climate Change Adds Urgency to the Renewable Energy
Revolution
Despite Decline in Renewable Investments, Outlook for Turbines
Remains Bright
Global Market Outlook
Improving Economy Signals Market Growth Opportunities
Global Competitor Market Shares
Turbines Competitor Market Share Scenario Worldwide (in %):
2018 & 2029
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
ABB Limited (Switzerland)
ACCIONA Windpower S.A. (Spain)
Andritz AG (Austria)
Ansaldo Energia SpA (Italy)
Bharat Heavy Electricals Limited (India)
Caterpillar, Inc. (USA)
Clipper Windpower, LLC (USA)
DeWind Inc. (USA)
Dongfang Electric Corporation Limited (China)
Doosan Power Systems Holdings Limited (UK)
ENERCON GmbH (Germany)
Envision Energy Limited (China)
General Electric Company (USA)
GE Grid Solutions, LLC (USA)
GE Wind Energy, LLC (USA)
GE Power & Water (USA)
GuoDian United Power Technology Company Ltd. (China)
Harbin Turbine Company Limited (China)
JFE Holdings, Inc., (Japan)
Mitsubishi Hitachi Power Systems, Ltd. (MHPS) (Japan)
Nordex SE (Germany)
Senvion SA (Germany)
Shanghai Electric Group Company Limited (China)
Shin Nippon Machinery Co., Ltd. (Japan)
Siemens AG (Germany)
Siemens Gamesa Renewable Energy, S.A.(Spain)
Suzlon Energy Limited (India)
Toshiba Corporation (Japan)
Vestas Wind Systems A/S (Denmark)
Voith GmbH & Co. KGaA (Germany)
Xinjiang GoldWind Science & Technology Co., Ltd. (China)
VENSYS Energy AG (Germany)

3. MARKET TRENDS & DRIVERS
Surging Energy Consumption and the Resulting Rise in Power
Generation Drive Healthy Market Growth
Surge in Number of Wind Farms Worldwide Benefit Demand for Wind
Turbines
Bright Outlook for Offshore Wind Generation Spurs Market Demand
Offshore Wind Energy Touted to Change the Future of Energy
Generation
Demand for Hybrid Power Wind Turbines on the Rise
Rising Popularity of Small Wind Turbines Bodes Well for Market
Growth
Key Challenges Hampering Wind Energy Generation
Growing Prominence of Distributed Power
Generation Benefits Market Prospects for Combustion Turbines
Distributed Power Technologies: Brief Details on Power
Technology, Size Range, Power Efficiency Range, Fuel Options
and Applications
Micro and Mini Turbines Traverse Troughs and Crests
Micro Turbines Witness Increasing Deployment in Distributed
Energy Generation
Advantages of Microturbines
Applications of Microturbines
Despite Coal-Fired Thermal Power Dominance, Several Issues
Hamper Market Prospects for Steam Turbines
Steam Turbine Manufacturers Focus on Improving Turbine Designs
for Increased Efficiencies
Growing Production & Supply of Natural Gas Drive Growth in
Demand for Gas Turbines
Emergence of Shale Gas as a Viable Energy Source Generates
Opportunities for Gas Turbines
Electric Motors: A Rising Threat to Gas Turbines
Syngas Holds Potential to Emerge as Superior Alternative to
Natural Gas in Turbines
Untapped Kinetic Energy Potential of Oceans Offer Huge Untapped
Potential
Developing Countries Offer Significant Market Growth Opportunities
China: Growth Engine for the Global Turbines Market
Liberalization and Privatization in Developing Countries Augurs
Well for Market Expansion
Exponential Increase in Global Population & Urbanization Rate:
A Mega Trend Strengthening Market Prospects
Innovative Wind Turbine Blade Tips Set to Lower Energy Cost
High Flying Turbines: A Major Breakthrough for Harnessing More
Wind Power
Liquid CO2 Turbines to Improve Power Generation Efficiency
Advanced Algorithm Enhances Small Wind Turbines’ Efficiency
Advanced Robot Systems for Examining Wind Turbine Rotor Blades
Recent Innovations in Offshore Wind Farms
Geared-Wind Turbines
SATH©-Floating Solution for Offshore-Wind Farms
Remote Monitoring of Wind Turbines
Other Advancements and Improvements in Wind Energy
Gas Turbines: Innovations and Advancements
Siemens Develop Advanced Gas Turbine Technology
Developments Related to Enhanced Gas Turbine Productivity
Hydrogen Turbines
Advanced Combustion Turbines
The University Turbine Systems Research Program (UTSR)
Selective Laser Melting
3D Printing Set to Revolutionize Gas Turbine Manufacturing
Tomo-Lithographic Molding

4. GLOBAL MARKET PERSPECTIVE
Table 1: Turbines Global Market Estimates and Forecasts in
Megawatts by Region/Country: 2020-2027

Table 2: Turbines Global Retrospective Market Scenario in
Megawatts by Region/Country: 2012-2019

Table 3: Turbines Market Share Shift across Key Geographies
Worldwide: 2012 VS 2020 VS 2027

Table 4: Steam Turbines (Product Segment) World Market by
Region/Country in Megawatts: 2020 to 2027

Table 5: Steam Turbines (Product Segment) Historic Market
Analysis by Region/Country in Megawatts: 2012 to 2019

Table 6: Steam Turbines (Product Segment) Market Share
Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS
2027

Table 7: Wind Turbines (Product Segment) Potential Growth
Markets Worldwide in Megawatts: 2020 to 2027

Table 8: Wind Turbines (Product Segment) Historic Market
Perspective by Region/Country in Megawatts: 2012 to 2019

Table 9: Wind Turbines (Product Segment) Market Sales Breakdown
by Region/Country in Percentage: 2012 VS 2020 VS 2027

Table 10: Gas Turbines (Product Segment) Geographic Market
Spread Worldwide in Megawatts: 2020 to 2027

Table 11: Gas Turbines (Product Segment) Region Wise Breakdown
of Global Historic Demand in Megawatts: 2012 to 2019

Table 12: Gas Turbines (Product Segment) Market Share
Distribution in Percentage by Region/Country: 2012 VS 2020 VS
2027

Table 13: Other Segments (Product Segment) World Market
Estimates and Forecasts by Region/Country in Megawatts: 2020 to
2027

Table 14: Other Segments (Product Segment) Market Historic
Review by Region/Country in Megawatts: 2012 to 2019

Table 15: Other Segments (Product Segment) Market Share
Breakdown by Region/Country: 2012 VS 2020 VS 2027
Global Market Outlook

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
Market Facts & Figures
US Turbines Market Share (in %) by Company: 2018 & 2025
Market Analytics
Table 16: United States Turbines Market Estimates and
Projections in Megawatts by Product Segment: 2020 to 2027

Table 17: Turbines Market in the United States by Product
Segment: A Historic Review in Megawatts for 2012-2019

Table 18: United States Turbines Market Share Breakdown by
Product Segment: 2012 VS 2020 VS 2027

CANADA
Table 19: Canadian Turbines Market Estimates and Forecasts in
Megawatts by Product Segment: 2020 to 2027

Table 20: Canadian Turbines Historic Market Review by Product
Segment in Megawatts: 2012-2019

Table 21: Turbines Market in Canada: Percentage Share Breakdown
of Sales by Product Segment for 2012, 2020, and 2027

JAPAN
Table 22: Japanese Market for Turbines: Annual Sales Estimates
and Projections in Megawatts by Product Segment for the Period
2020-2027

Table 23: Turbines Market in Japan: Historic Sales Analysis in
Megawatts by Product Segment for the Period 2012-2019

Table 24: Japanese Turbines Market Share Analysis by Product
Segment: 2012 VS 2020 VS 2027

CHINA
Table 25: Chinese Turbines Market Growth Prospects in Megawatts
by Product Segment for the Period 2020-2027

Table 26: Turbines Historic Market Analysis in China in
Megawatts by Product Segment: 2012-2019

Table 27: Chinese Turbines Market by Product Segment:
Percentage Breakdown of Sales for 2012, 2020, and 2027

EUROPE
Market Facts & Figures
European Turbines Market: Competitor Market Share Scenario
(in %) for 2018 & 2025
Market Analytics
Table 28: European Turbines Market Demand Scenario in Megawatts
by Region/Country: 2020-2027

Table 29: Turbines Market in Europe: A Historic Market
Perspective in Megawatts by Region/Country for the Period
2012-2019

Table 30: European Turbines Market Share Shift by
Region/Country: 2012 VS 2020 VS 2027

Table 31: European Turbines Market Estimates and Forecasts in
Megawatts by Product Segment: 2020-2027

Table 32: Turbines Market in Europe in Megawatts by Product
Segment: A Historic Review for the Period 2012-2019

Table 33: European Turbines Market Share Breakdown by Product
Segment: 2012 VS 2020 VS 2027

FRANCE
Table 34: Turbines Market in France by Product Segment:
Estimates and Projections in Megawatts for the Period 2020-2027

Table 35: French Turbines Historic Market Scenario in Megawatts
by Product Segment: 2012-2019

Table 36: French Turbines Market Share Analysis by Product
Segment: 2012 VS 2020 VS 2027

GERMANY
Table 37: Turbines Market in Germany: Recent Past, Current and
Future Analysis in Megawatts by Product Segment for the Period
2020-2027

Table 38: German Turbines Historic Market Analysis in Megawatts
by Product Segment: 2012-2019

Table 39: German Turbines Market Share Breakdown by Product
Segment: 2012 VS 2020 VS 2027

ITALY
Table 40: Italian Turbines Market Growth Prospects in Megawatts
by Product Segment for the Period 2020-2027

Table 41: Turbines Historic Market Analysis in Italy in
Megawatts by Product Segment: 2012-2019

Table 42: Italian Turbines Market by Product Segment:
Percentage Breakdown of Sales for 2012, 2020, and 2027

UNITED KINGDOM
Table 43: United Kingdom Market for Turbines: Annual Sales
Estimates and Projections in Megawatts by Product Segment for
the Period 2020-2027

Table 44: Turbines Market in the United Kingdom: Historic Sales
Analysis in Megawatts by Product Segment for the Period
2012-2019

Table 45: United Kingdom Turbines Market Share Analysis by
Product Segment: 2012 VS 2020 VS 2027

REST OF EUROPE
Table 46: Rest of Europe Turbines Market Estimates and
Forecasts in Megawatts by Product Segment: 2020-2027

Table 47: Turbines Market in Rest of Europe in Megawatts by
Product Segment: A Historic Review for the Period 2012-2019

Table 48: Rest of Europe Turbines Market Share Breakdown by
Product Segment: 2012 VS 2020 VS 2027

ASIA-PACIFIC
Table 49: Turbines Market in Asia-Pacific by Product Segment:
Estimates and Projections in Megawatts for the Period 2020-2027

Table 50: Asia-Pacific Turbines Historic Market Scenario in
Megawatts by Product Segment: 2012-2019

Table 51: Asia-Pacific Turbines Market Share Analysis by
Product Segment: 2012 VS 2020 VS 2027

REST OF WORLD
Table 52: Rest of World Turbines Market Estimates and Forecasts
in Megawatts by Product Segment: 2020 to 2027

Table 53: Rest of World Turbines Historic Market Review by
Product Segment in Megawatts: 2012-2019

Table 54: Turbines Market in Rest of World: Percentage Share
Breakdown of Sales by Product Segment for 2012, 2020, and 2027

IV. COMPETITION
Total Companies Profiled: 98