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Global Turbines Market revenue was valued at USD 135.68 Billion in 2013 and is expected to reach USD 191.87 Billion by 2020, at a CAGR of 4.89% from 2013 through 2020

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Global turbines market to reach us 191 8 bn by 2020 owing to increasing requirement for power generation

Transparency Market

Research

Turbines Market by Product - Global Industry Analysis,

Market Size, Share, Growth, Trends and Forecast 2014 -

2020

Published Date

1-April-2015

140 Page Report

Request Sample

Buy Now

Press Release

Global Turbines Market to Reach US$191.8 bn by 2020 owing to

Increasing Requirement for Power Generation

Transparency Market Research

State Tower,

90, State Street, Suite 700.

Albany, NY 12207

United States

www.transparencymarketresearch.com

[email protected]


Global turbines market to reach us 191 8 bn by 2020 owing to increasing requirement for power generation

Turbines Market

REPORT DESCRIPTION

Global Turbines Market to Reach US$191.8 bn by 2020 owing to Increasing Requirement for Power

Generation

A new Transparency Market Research report states that the global turbines market stood at

US$135.7 bn in 2013 and is predicted to reach US$191.8 bn by 2020. It is predicted to expand at

a CAGR of 4.89% from 2014 to 2020. The title of the report is “Turbines Market - Global Industry

Analysis, Market Size, Share, Growth, Trends and Forecast 2014 - 2020.”

As per the report, the increasing requirement for power generation, especially in emerging

economies, and the reduced risk of technology failure, resulting in increased demand from

investors, are amongst the chief factors propelling the growth of the turbines market.

Get Sample Of This Research Report At:

http://www.transparencymarketresearch.com/sample/sample.php?

flag=S&rep_id=2873

Furthermore, the rising global demand for heat owing to the increasing global population is also a

prime factor augmenting the market for turbines. In addition, the introduction of new

components in turbine technology resulting in cost saving has emerged as a key opportunity in

the market. On the other hand, the soaring initial costs of investments and turbines being

climate-dependent systems are amongst the major factors that may inhibit the growth of the

turbines market in the coming years. In addition, a number of project site issues owing to the low

noise tolerance as well as emission impact of turbines may also have a negative impact on the

growth of the market for turbines. The report segments the market on the basis of product type,

end use, and geography

The report, on the basis of product type, segments the market into steam, hydropower, wind,

gas-based, and nuclear. Amongst these, the segment of steam turbines emerged as the prime

source of power generation in 2014 and is predicted to rise exponentially in the coming years.

On the basis of end use, the turbines market is segmented into power storage, power generation,

aeronautics, and marine.

In terms of geography, the report segments the market into Europe, North America, Asia Pacific,

and Rest of the World (RoW). Amongst these, in 2013, on the basis of installed turbine capacity,

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Transparency Market Research


Global turbines market to reach us 191 8 bn by 2020 owing to increasing requirement for power generation

Turbines Market

Asia Pacific constituted a share of over 40% in the market. The region of Asia Pacific was valued

at US$42.9 bn in 2013 and is predicted to reach US$68.5 bn by 2020, expanding at a CAGR of

5.81% between 2014 and 2020. This is owing to the swift development of oilfield projects within

the region of Asia Pacific.

Browse The Full Research Report At:

http://www.transparencymarketresearch.com/turbines-market.html

As per this study, the major players operating in the turbines market are General Electric Energy,

Alstom S.A., Siemens Energy, Doosan Fuel Cell America, Inc., Ballard Power Systems Inc., Vestas

Wind Systems A/S, Goldwind Science & Technology Co., Ltd., Kirloskar Brothers Limited, and

Sinovel Wind Group Co., Ltd., among others.

The global turbines market has been segmented as below:

Global Turbines Market: Product Type Analysis

Hydropower

Steam

Gas-based

Wind

Nuclear

Global Turbines Market: End User Industry Analysis

Power Generation

Power Storage

Marine

Aeronautics

Global Turbines Market: Regional Analysis

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Transparency Market Research


Global turbines market to reach us 191 8 bn by 2020 owing to increasing requirement for power generation

Turbines Market

North America

Europe

Asia Pacific

Rest of the World (RoW)

Browse All Energy & Mining Market Research Reports:

http://www.transparencymarketresearch.com/energy-market-reports-3.html

About Us

Transparency Market Research is a market intelligence company providing global business information

reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-

looking insight for thousands of decision makers.

We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use

proprietary data sources and various tools and techniques to gather, and analyze information. Our

business offerings represent the latest and the most reliable information indispensable for businesses to

sustain a competitive edge.

Contact

Transparency Market Research

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: [email protected]

Website: http://www.transparencymarketresearch.com/

Visit Blog : http://depthresearchreport.blogspot.in/

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Transparency Market Research


Global turbines market to reach us 191 8 bn by 2020 owing to increasing requirement for power generation

Turbines Market

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