Global Turbines Market Analysis, Trends, and Forecasts, 2016-2019 & 2024: Disruptive Effect of Renewable Energy on the Traditional Electricity System - The Fundamental Growth Driver

DUBLIN, April 8, 2019 /PRNewswire/ -- The "Turbines - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

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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 2016 through 2024. Also, a five-year historic analysis is provided for these markets. Additionally, the report analyzes the global and regional markets in terms of revenues (US$) generated through installations of turbines.

This report analyzes the worldwide markets for Turbines in Megawatts by the following Product Segments:

    --  Steam Turbines
    --  Gas Turbines
    --  Wind Turbines
    --  Others

The report profiles 98 companies including many key and niche players such as:

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

Key Topics Covered:

1. INDUSTRY OVERVIEW
Turbines: Enhancing the Performance of Power Generation
Disruptive Effect of Renewable Energy on the Traditional Electricity System: The Fundamental Growth Driver
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

2. COMPETITION
The Global Market for Gas Turbines Consolidates Fueled by Major Acquisitions
GE's Acquisition of Alstom's Energy Businesses
Siemens Acquisition of Rolls-Royce's Business and Dresser-Rand
Ansaldo Energia Inking Several Agreements with Asian Companies
Major Acquisitions and their Implications for Market Participants
GE, along with Siemens, Dominates the Global Gas Turbines Market
Vestas: The Global Leader in Wind Turbine Manufacturing
Asian Companies Continue to Rule the Global Steam Turbines Market
Global Hydro Turbines Market Dominated by European Companies
Turbine Makers Focus on Capacity Additions to Bolster Market Presence

3. MARKET TRENDS, ISSUES & 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
Combined Heat and Power (Co-Generation)
Offshore Rigs
Hospitals
Backup Generators
Vehicle Applications
Fuel Cells
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
Liquid CO2 Turbines to Improve Power Generation Efficiency
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
Gas Turbines Market in Asia-Pacific Witness Strong Growth
Exponential Increase in Global Population & Urbanization Rate: A Mega Trend Strengthening Market Prospects

4. INNOVATIONS & ADVANCEMENTS
Noteworthy Wind Turbine Innovations
Vertical-Axis Wind Turbines (VAWTs)
Flying Wind Turbines
Handheld Wind Turbine
Makani Airborne Wind Turbine
Green Power Island
Handy Wind Harvester
Adna Windstalk
Altaeros Energies
Windspire
Insect Wings Based Wind Turbines
Typhoon Turbine
Hybrid Wind-Hydro Turbine
BAT-Buoyant Airborne Turbine
Vortex Bladeless Wind Turbine
SheerWind Invelox
Catching Wind Power Generator
Large-Size Wind Turbines with Bigger Capacities and Blades
Future Wind Turbines to be Sleeker, Higher, and Cheaper
Circling Kites
Spooling Kites
Detecting and Saving Birds
The Hummingbird Turbine
The Dirigible Design
Wind Drones
Innovative Wind Turbine Blade Tips Set to Lower Energy Cost
High Flying Turbines: A Major Breakthrough for Harnessing More Wind Power
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)
3D Printing Set to Revolutionize Gas Turbine Manufacturing
Selective Laser Melting
Tomo-Lithographic Molding

5. PRODUCT OVERVIEW
Turbines: The Energy Generators
Types of Turbines
Steam Turbines
Gas Turbines
Wind Turbines
Small Wind Turbines
Simple and Efficient
Hybrid Power Wind Turbines: A Technical Insight
Others
Hydraulic Turbines
Combined-Cycle/Combined-Heat-and-Power Turbines

6. PRODUCT LAUNCHES
Siemens Gamesa Unveils New Onshore & Offshore Wind Turbines
Ahlstrom-Munksj Launches Ahlstrom-Munksj Trinitex Advance W3000
Siemens Gamesa Launches New Geared Turbine SG 4.2-145
Siemens Offers SGT-800 Industrial Gas Turbine
Senvion Launches 3.7M144 EBC and 3.6M118 NES Turbines
GE Unveils an Onshore Turbine 4.8MW Machine
MHPS Launches New Pressurized Hybrid Power Generation System
GE's TM2500 Gas Turbine Generator Sets to Provide Power in South Australia
ClearPower North America Launches Industrial Turbine Generator
MHI Vestas Launches 9.5 MW Offshore Wind Turbine
Siemens Launches Gas Turbine Portfolio
the SGT-A35 RB
Senvion Launches Largest 2 MW Turbine Series for India
Siemens Launches 44-MW Aeroderivative Gas Turbine
Iran's Energy Ministry Launches a 55-megawatt (MW) Wind Farm
Siemens Achieves Breakthrough with 3D Printed Gas Turbine Blades
GE Offers Electric Start Systems for Marine Gas Turbines

7. RECENT INDUSTRY ACTIVITY
GE Announces the Completion of flange-to- flange (F2F) Replacement Project
Nordex Receives an Order from Two Large International Utilities for Turbines
GE Receives an Order from Harbin Electric for Two 9F.05 Gas Turbines
Nordex Receives a Contract Order from Gas Natural Fenosa for 58 AW132/3300 Turbines
Siemens Gamesa Secures a New Order for the Installation of 125 G97-2.1MW Turbines
Senvion Signs a Contract with Pacific Hydro for 39 MM92 Wind Turbines
Senvion Wins a Contract for the Supply and Delivery of 27 Senvion 3.6M114 NES Turbines
Siemens Signs Contracts with GECOL to Expand Libya's Power Generation Capacity
Pratt & Whitney Announces the Selection of GTF Engine to Power Delta's Order of A321neo Aircraft
SGRE Receives Orders for Two New Onshore Wind Projects in Southern Italy
Nordex Receives Order from GN Renewable for Twelve N117/3000 Turbines
Nordex Receives a Contract from OX2 for Nine N117/3600 Turbines
SGRE Secures an Order from Gas Natural Fenosa Renovables for the Supply of 22 Turbines
Nordex Wins Contracts for the Installation of Turbines in Apulia
Senvion Installs 130 MW Turbines
Senvion Receives Two New Orders in Ireland for Senvion 3.2M114 Turbines
Nordex Wins a 30-MW Order to Renovate Acciona Energa's Wind Farm
Senvion Installs 7,777th Wind Turbine
Vattenfall Signs a Contract with Nordex for the Delivery of 50 N117/3600 Turbines
SGRE Secures a Contract Order for the Supply G126-2.5 MW Turbines
Senvion Secures a Contract to Install the First 35 Turbines of the 59-Turbine Lincoln Gap Wind Farm
Dalian Energas Group Acquires OPRA Turbines
SGRE and Fraunhofer IWES Signs a Contract for Validation of the SG 8.0-167 DD Wind Turbine Nacelle
Doosan koda Power Supplies Steam and Electricity for PKN Orlen
Siemens Signs a MOU with Bayat Power and the Government of the Islamic Republic of Afghanistan for Mobile Gas Turbine
GE Signs an Agreement with Azito Energie for Upgrade of Two Gas Turbines
Pratt & Whitney Signs an Agreement with Air China and Shenzhen Airlines for 60 Airbus A320neo Family Aircraft
Pratt & Whitney and EgyptAir Announces the Selection of the PurePower GTF Engine
Pratt & Whitney and Vietnam Airlines Announces the Selection of the PurePower GTF Engine
Pratt & Whitney and VietJet Air Announces the Selection of the PurePower GTF Engine
MHPS Receives an Order for Two H-25 Gas Turbines from Qingdao Energy Kaiyuan Thermoelectricity Co., Ltd.
Tyr Energy Selects Siemens as the Technology Partner for the Hickory Run Energy Center
Vestas Wins an Order to Supply 40 MW of Wind Turbines
SGRE Supplies 310 Wind Turbines of Different Types for Five Projects in the U.S
MHPS Ships M701F Gas Turbines Ordered by Persero
SGRE Receives an Order for the Supply and Installation of OptimaFlex Wind Turbine Type SWT-DD-130
Senvion Signs a Turbine Supply Contract for an 18.45 MW Project with wpd
SGRE Announces the Service Extension Contract for 504-MW Wind Farm
Senvion and EREN RE Enter into Partnership Agreement for the Supply and Delivery of 27 Senvion 3.6M114 NES Turbines
Siemens Gamesa Secures an Order from the Guangdong Electric Power Design Institute for the Supply of 34 MW
GE Signs Multi-Year Service Agreement with SEC for Eight GE 7F.05 Gas Turbines
Microsoft and GE Enter into a 15-Year Power Purchase Agreement (PPA) to Purchase Wind Energy
Siemens Receives an Order from Pakistan for a Complete Power Island
SGRE Secures an Agreement to Supply G114-2.0 MW Turbines
Toshiba Announces a Package Deal Agreement (PDA) with Zorlu Energy Group
Head Energy Enters into Offshore Wind Agreements with Vattenfall
FP Lux Investments Announces the Expansion of its Wind Power Portfolio
Senvion Installs First Prototype of 3.6M140 EBC Turbine for 4testwind GmbH
Tesla Enters into Partnership with Vestas to Combine Wind Turbines and Batteries
EPH Acquires Langage and South Humber Bank CCGT Power Stations from Centrica
Senvion Signs Contracts with Windkraft Simonsfeld to Supply Wind Turbines of 62 MW
Ansaldo Energia Wins a LTSA for Siemens SGT5-4000F Gas Turbine
MHPS Receives an Order to Supply an M701S(DA)X Gas Turbine and Power Generator to Ansteel Group
Dresser-Rand Receives Two Orders to Supply Power Generation Equipment for CNOOC Ltd.
Senvion Installs First Prototype of 3.4M140 EBC for Notus Energy Group
Pattern Energy Acquires 51% of Meikle Wind Facility from Pattern Energy Group LP
Senvion's Supply and Installation Contract in Chile Achieves Financial Close
Siemens Gamesa Installs Asia's Tallest 67.5 MW Wind Turbines
GE to Provide Services to China's Daya Bay Nuclear Power Plants
Southern Power Acquires Cactus Flats Wind Facility from RES
DHIA Acquires US Gas Turbine Service Provider ACT
Siemens Gamesa Enters into Agreement with Fuerza y Energa Limpia de Tizimn for G114-2.1 MW Turbines
Siemens Gamesa Secures an Order for the Gearless SWT-3.6-130 Wind Turbines
Senvion Signs a Contract with Vjetroelektrana Orjak for Greda Wind Farm
Siemens Gamesa Wins an Order for the Supply of 118 MW Wind Turbines
Dominion Energy Virginia Teams Up with Dong Energy to Construct Two 6-MW Turbines
DONG Energy Signs a Contract with Siemens Gamesa for the Supply of 752 MW Wind Turbines
Vistra Energy to Acquire 1,054 MW CCGT Plant
Wrtsil and Southern Power Signs MoU to Develop Flexible Gas Power Plant Projects
GE Signs a Multi-year Maintenance Agreement with Sepco for Power Generation Equipment
Lagerwey and OTEK Signs License Agreement for Lagerwey Wind Turbine Technology
Senvion Signs Delivery Partnership Agreement with RES Australia
Duke Energy and Siemens Enters into Agreement for Expansion of LCCT Generation Site
Siemens to Supply the Key Components for Attarat Steam Power Plant
GE Signs Agreement with GPG to Deliver and Install 3.4MW 130- metre-Rotor Wind Turbines
Valmet Signs a Cooperation Agreement for Gas Turbine Automation with MJBI
GE Signs a MYA with Songas to Upgrade Gas Turbines at Songas' Ubungo Power Plant
Siemens Gamesa Delivers 16 Wind Turbines for German Onshore Projects
Rolls-Royce Wins a Delivery Contract of MT30 Marine Gas Turbines
GE Signs an Agreement with Lucart for Installation of NovaLT12 Gas Turbines
Dresser-Rand to Supply Three Gas Turbo Compressor Trains for Wang Noi Compressor Station
Senvion Wins Five Contracts in Belgium for Senvion 3.4M114, 3.0M122 and MM100 Turbines
Goldwind to Acquire the 530MW Stockyard Hill Wind Farm from Origin Energy
Siemens Forms Joint Venture with Chromalloy
Pro-Drone Signs Licensing Agreement with Arth-Wind to Provide Inspections of Wind Blades
Siemens Expands the Three Power Plants with Gas Turbines
CEE Group Acquires Eight Wind Turbines in 27.6-MW Vormark Wind Farm
NextDecade Enters into an Agreement with GE Oil & Gas to Advance its LNG Export Projects
GE Collaborates with Sonelgaz SPE to Strengthen the Fleet360 Plant Solutions
Suzlon Group Wins an Order from ReNew Power for S111 120m WTG
GE Acquires LM Wind Power
Siemens Receives an Order to Deliver Steam Turbine Package to Expand Az Zour South 3 Open Cycle Gas Turbine Power Plant
GE to Supply Steam Turbine and Generators for Sabiya Power Plant
Hangzhou Steam Turbine Wins a Bid of Turbine-Generator Set
L.A. Turbine and GEA to Collaborate with Honeywell as Part of Connected Plant Program
Suzlon Group Wins an Order from a Leading IPP for S111 120m Hybrid WTG
7-Eleven Signs an Agreement with TXU Energy to Purchase 100 Percent Texas Wind Energy
Siemens Wind Power Unifies with Gamesa
Valmet Enters into Cooperation Agreement with Solar Turbines to Develop Integrated Gas Turbine Cogeneration Systems
Ansaldo Energia Wins Service Contracts in the Russian Federation
Siemens Receives an Order for a New CCGT at King's Lynn Power Station
Siemens Secures Orders from Argentina to Supply Gas Turbines for Four Power Plants
Centrax to Upgrade Six CX501-KB5 Gas Turbine Generator Sets in Molve and Ivanic grad Sites
GE Signs an Agreement with Caithness Energy to Supply Equipment for Multiple Power Plants
Colfax to Acquire Siemens Turbomachinery Equipment GmbH (STE) from Siemens AG
Northland Power to Acquire 252 MW Offshore Wind Project DeBu
LM Wind Power Builds New Wind Turbine Blade Factory in Cherbourg
Eneco Acquires Eni Belgium
Siemens Receives an Order for Five F-class Gas Turbines for a CHP Plant
Senvion Signs a Contract with Nexif Energy for the EPC Contracts and Maintenance Agreements
Gamesa Secures the Order for New Turbine G126-2.625 MW
Gamesa Enters into an Agreement with PT UPC Sidrap Bayu Energi for the Supply of 75 MW Turbines
Senvion Installs Five Senvion 3.0M122 Wind Turbines
Senvion Reaches Two GW Installed Capacity in the UK
Senvion Announces the Framework Contract for with EDP Renewables to Deliver Maintenance Services
EGPNA Signs 3.5 GW Master Supply Agreements in US
Siemens to Invest in R&D Efforts at Gas Turbine Plant in the Montreal Suburbs
Gamesa Secures a Contract from Iberdrola to Supply Wind Turbines
Senvion Signs a Contract with Innogy Renewables UK Ltd. to Supply 16 Wind Turbines

8. FOCUS ON SELECT GLOBAL PLAYERS

9. GLOBAL MARKET PERSPECTIVE

Total Companies Profiled: 98 (including Divisions/Subsidiaries 125)

    --  The United States (26)
    --  Canada (1)
    --  Japan (13)
    --  Europe (58)
        --  France (3)
        --  Germany (10)
        --  The United Kingdom (4)
        --  Italy (4)
        --  Spain (5)
        --  Rest of Europe (32)
    --  Asia-Pacific (Excluding Japan) (25)
    --  Latin America (1)
    --  Africa (1)

For more information about this report visit https://www.researchandmarkets.com/r/i3p38m

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