World Turbines to 2016

Published: March 2013
No. of Pages: 437
   

This study analyzes the world turbine industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by turbine type (e.g., wind, gas combustion), application (e.g., electric power generation, aircraft engines, marine), world region and major national market. The study also considers market environment factors, details industry structure, evaluates company market share and profiles industry competitors.

World demand to rise 6.5% annually through 2016

The world market for turbines and related products (turbine-based engines, generators, and generator sets) is forecast to rise 6.5 percent annually to $165 billion in 2016. This will represent a deceleration from the pace of the 2006-2011 period, primarily caused by a slowdown in sales of wind turbines. The global wind turbine market expanded at an annual rate in excess of 20 percent between 2001 and 2011 to become the single largest turbine product segment, ahead of turbine engines. Wind turbines will continue to be the fastest growing turbine product type through 2016, but a much higher base of existing capacity will keep growth to a more moderate level.

Demand for gas combustion turbines is expected to accelerate to a 7.3 percent annual growth rate through 2016. The market for gas turbines will benefit from the ongoing global shale gas boom. The development of shale resources in the US has led to significantly lower gas prices in North America. Over the next decade, as the US expands its infrastructure for exporting gas overseas and other countries develop their own shale resources, global gas prices should fall substantially as well. This will lead to increased investment in natural gas plants for power generation, spurring expanded demand for gas turbines.

China, US to remain key turbine markets

Between 2006 and 2011, the global turbine market in China posted a 28 percent annual growth rate, by far the fastest in the world. The largest of these gains occurred in the wind turbine market, which saw demand multiply by a factor of more than 10. China has become the largest market for wind turbines in the world, accounting for 43 percent of existing global capacity in MW terms at year-end 2011. The fastest growth in turbine demand will occur in Australia, which is investing heavily in wind power in order to reduce its dependence on carbon.

Central and South America will register the fastest turbine demand growth among world regions through 2016, increasing 7.8 percent per annum through that year. Gains in that region will be headed by Brazil, which represents a strong growth market for both power generation turbines and turbine-based aircraft engines. The Africa/Mideast region will also post rapid gains, though it will remain a small regional market for turbine products.

The US, which is the second largest national market for turbine products behind China, will grow at an aboveaverage pace through 2016, aided by an expanding market for gas turbines in power generation applications and continued healthy gains in demand for wind turbines. Mexico, fueled by increasing development of wind power, will be the second fastest growing market for turbine products worldwide through 2016. Western Europe will remain the slowest growing regional market for turbine products, largely due to the maturity of its wind energy sector. However, the region still holds significant potential for offshore wind power, and gains in wind turbine demand will accelerate relative to the 2006-2011 period.

Company Profiles

Profiles global industry players such as Alstom, GE Aviation, GE Energy, Rolls-Royce, SAFRAN, Siemens, Vestas, and United Technologies.

Additional Information

This study analyzes global supply of and demand for turbines and related products (i.e., turbine-based engines, generators, and generator sets). Specific products covered include gas combustion turbines, steam turbines, hydraulic turbines, wind turbines, microturbines, turbine-based engines (both aircraft and marine), and turbine-based generators and generator sets. This study treats original equipment demand for turbine products used in aircraft or marine vessels as occurring in the nation where the vehicle is built, in contrast to aftermarket demand, which occurs in the nation where the vehicle is used. Excluded from the scope of the study are turbine blades and other separately sold parts and components of complete turbine products and systems.

Historical data (2001, 2006, and 2011) and forecasts for the years 2016 and 2021 are provided for shipments, sales, and net exports of turbines and related products at the aggregate level, valued in millions of current US dollars, including inflation. Detailed data on turbine product markets are for sales in millions of current US dollars. Historical and forecast data are also presented for turbine demand by application, defined as electric power generation, aircraft engines, and marine and other.

Data on world turbine products supply and demand are derived from differing sources and developed from statistical relationships. As a result, variations are commonplace in this type of international  reporting, and, consequently, data presented in this study are historically consistent but may differ from other sources. To reduce the impact of such discrepancies, total world imports and exports have been assumed to balance in any given year.

In addition, major turbine product manufacturers are identified and profiled, and the key competitive variables are discussed. The entire report is framed within the world industry’s economic, technological,  and market environments, and therefore environmental variables affecting supply/demand patterns (electric power generation, aerospace equipment shipments, etc.) are emphasized. World turbine product market share data by company presented in the “Industry Structure” section are estimates based on consultation with multiple sources. In addition, tabular details may not always add to totals due to rounding.

Macroeconomic and demographic indicators presented in this study were obtained from The Freedonia Group Consensus Forecasts dated June 2012. Gross Domestic Product (GDP) historical data are derived from the national income and products accounts from the Organisation for Economic Co- Operation and Development (OECD) for its member countries, from the European Bank for Reconstruction and Development (EBRD) for its member countries, and from the International Monetary Fund for its member countries that are not part of the OECD or EBRD. Sources of GDP estimates for other countries are based on information from the World Bank and a variety of sources including the countries’ statistical bureaus. GDP forecasts are developed from a consensus of public agencies and private firms.

World Turbines to 2016

Table Of Contents

Introduction      XI

I. Executive Summary       1

II. Market Environment       4
General       4
World Population Outlook       5
World Economic Overview       6
Recent Historical Trends       6
World Economic Outlook       8
World Industrial Overview      12
World Manufacturing Outlook      13
World Fixed Investment Outlook      15
Aerospace Equipment Manufacturing Trends      17
World Electric Power Generation Outlook      21
Electricity Generation      21
Distributed Power/Micropower      23
World Wind Energy Overview      24
Turbine Pricing Patterns      26
Turbine Technology Trends      28
Basic Turbine Operation & Actuation Methods      29
Alternative/Competitive Power Sources      31
Photovoltaics      32
Fuel Cells      33
Environmental & Regulatory Issues      35

III. Overview      38
General      38
World Turbine Markets      39
Regional Markets      41
Applications      43
Electric Power Generation      45
Aircraft Engines      47
Marine & Other      53
Products      54
Wind      56
Gas Combustion      60
Steam & Hydraulic      63
Turbine Engines      66
Turbine Generators & Generator Sets      70
World Turbine Production      72
International Trade      75

IV. North America      78
General      78
Supply & Demand      79
Outlook & Suppliers      81
United States      84
Canada      92
Mexico      98

V. Western Europe     104
General     104
Supply & Demand     105
Outlook & Suppliers     108
Belgium     110
Denmark     115
France     120
Germany     126
Italy     132
Netherlands     137
Spain     142
Sweden     148
Switzerland     152
United Kingdom     157
Other Western Europe     163

VI. ASIA/PACIFIC     168
General     168
Supply & Demand     169
Outlook & Suppliers     171
Australia     173
China     178
India     187
Japan     193
South Korea     200
Other Asia/Pacific     206

VII. Other Regions     212
Central & South America     212
General     212
Supply & Demand     213
Outlook & Suppliers     215
Brazil     217
Other Central & South America     223
Eastern Europe     227
General     227
Supply & Demand     228
Outlook & Suppliers     231
Czech Republic     232
Poland     237
Russia     242
Other Eastern Europe     248
Africa/Mideast     254
General     254
Supply & Demand     255
Outlook & Suppliers     257

VIII. Industry Structure     260
General     260
Industry Composition & Market Share     263
Electric Power Generation     265
Aircraft Engines     267
Product Development & Manufacturing     269
Marketing & Distribution     270
Financial Issues & Requirements     271
Mergers & Acquisitions     273
Cooperative Agreements     277
Company Profiles     301
ABB Limited     302
Acciona SA     304
Alstom SA     306
Ansaldo Energia, see Finmeccanica Avio SpA     310
Bharat Heavy Electricals Limited     317
BHEL-GE Gas Turbine Services, see Bharat Heavy Electricals and  General Electric Capstone Turbine Corporation     319
Caterpillar Incorporated     321
CFE, see General Electric and Honeywell International CFM International, see General Electric and SAFRAN China Chang Jiang Energy Corporation     324
Dongfang Electric Corporation     326
Doosan Heavy Industries and Construction Company Limited     328
Dresser-Rand Group Incorporated     331
Enercon GmbH     334
Engine Alliance, see General Electric and United Technologies EPI Europrop International, see MTU Aero Engines  Holding, Rolls-Royce Holdings, and SAFRAN EUROJET Turbo, see Avio, MTU Aero Engines Holding,  and Rolls-Royce Holdings EUTurbines, see Alstom, Caterpillar, Doosan Heavy  Industries and Construction, Dresser-Rand Group, Finmeccanica,  General Electric, MAN, Rolls-Royce Holdings, and Siemens Famat, see General Electric and SAFRAN Finmeccanica SpA     335
Gamesa Corporación Tecnólogica SA     338
GE Aviation, see General Electric GE Honda Aero Engines, see General Electric General Electric Company     340
GKN plc     351
Hamilton Sundstrand, see United Technologies Hitachi Limited     357
Hitachi Mitsubishi Hydro, see Hitachi and Mitsubishi  Heavy Industries Honeywell International Incorporated     360
IAE International Aero Engines, see IHI  IHI Corporation     363
L&T-MHI Turbine Generators Private, see Mitsubishi  Heavy Industries Light Helicopter Turbine Engine, see Honeywell International and Rolls-Royce Holdings MAN SE     367
Microturbo, see SAFRAN Mitsubishi Heavy Industries Dongfang Gas Turbine Guangzhou, see Dongfang Electric and Mitsubishi Heavy Industries Mitsubishi Heavy Industries Limited     370
MTU Aero Engines Holding GmbH     377
MTU Turbomeca Rolls-Royce, see MTU Aero Engines Holding, Rolls-Royce Holdings, and SAFRAN MTU Turbomeca Rolls-Royce ITP, see MTU Aero Engines Holding and Rolls-Royce Holdings Nordex SE     385
Pratt & Whitney, see United Technologies REpower Systems, see Suzlon Energy Rolls-Royce Holdings plc     388
Rolls-Royce Snecma, see Rolls-Royce Holdings and SAFRAN Rolls-Royce Turbomeca, see Rolls-Royce Holdings and SAFRAN SAFRAN SA 398
Siemens AG     406
Sinovel Wind Group Company Limited     410
Skoda Power sro, see Doosan Heavy Industries and Construction Snecma, see SAFRAN Solar Turbines, see Caterpillar Suzlon Energy Limited     412
Techspace Aero, see SAFRAN Tidal Generation, see Alstrom Toshiba Corporation     416
Toshiba GE Turbine Components, see General Electric and Toshiba Toshiba GE Turbine Services, see General Electric and Toshiba Toshiba IHI Power Systems, see IHI and Toshiba Turbo-Union, see Avio, MTU Aero Engines Holding, and Rolls-Royce Holdings  Turbomeca, see SAFRAN United Technologies Corporation     420
VENSYS Energy, see Xinjiang Goldwind Science & Technology Vericor Power Systems, see MTU Aero Engines Holding Vestas Wind Systems A/S     429
Voith GmbH     433
Voith Hydro Holding, see Siemens and Voith Volvo AB     436
Volvo Aero, see GKN  Xian Avio XAE Aviation Components, see Avio    Xinjiang Goldwind Science & Technology  Company Limited     437

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      15
4 World Fixed Investment by Region      17
5 World Aerospace Equipment Shipments by Region      20
6 World Electric Power Generation by Region      23
7 World Wind Power by Country, 2011      26

Section III -- Overview
1 World Turbine Product Demand by Region      42
2 World Turbine Product Demand by Application      44
3 World Electric Power Generation Turbine Product Demand  by Region      47
4World Turbine-Based Aircraft Engine Demand by Region      49
5 Turbine Engine Producers for Selected Aircraft      50
6 World Marine & Other Applications Turbine Product Demand by Region      54
7 World Turbine Product Demand by Type      55
8 World Wind Turbine Demand by Region      60
9 World Gas Combustion Turbine Demand by Region      63
10 World Steam & Hydraulic Turbine Demand by Region      66
11 World Turbine Engine Demand by Region      70
12 World Turbine Generator & Generator Set Demand by Region      72
13 World Turbine Product Shipments by Region      74
14 World Turbine Product Net Exports by Region      77

Section IV -- North America
1 North America: Turbine Product Supply & Demand      81
2 North America: Turbine Product Demand by Application      83
3 United States: Turbine Product Supply & Demand      88
4 United States: Turbine Product Demand by Application      91
5 Canada: Turbine Product Supply & Demand      95
6 Canada: Turbine Product Demand by Application      97
7 Mexico: Turbine Product Supply & Demand     101
8 Mexico: Turbine Product Demand by Application     103

Section V -- Western Europe
1 Western Europe: Turbine Product Supply & Demand     108
2 Western Europe: Turbine Product Demand by Application     110
3 Belgium: Turbine Product Supply & Demand     113
4 Belgium: Turbine Product Demand by Application     115
5 Denmark: Turbine Product Supply & Demand     118
6 Denmark: Turbine Product Demand by Application     120
7 France: Turbine Product Supply & Demand     123
8 France: Turbine Product Demand by Application     125
9 Germany: Turbine Product Supply & Demand     129
10 Germany: Turbine Product Demand by Application     132
11 Italy: Turbine Product Supply & Demand     135
12 Italy: Turbine Product Demand by Application     137
13 Netherlands: Turbine Product Supply & Demand     140
14 Netherlands: Turbine Product Demand by Application     142
15 Spain: Turbine Product Demand Supply & Demand     145
16 Spain: Turbine Product Demand by Application     147
17 Sweden: Turbine Product Supply & Demand     150
18 Sweden: Turbine Product Demand by Application     152
19 Switzerland: Turbine Product Supply & Demand     155
20 Switzerland: Turbine Product Demand by Application     157
21 United Kingdom: Turbine Product Supply & Demand     160
22 United Kingdom: Turbine Product Demand by Application     162
23 Other Western Europe: Turbine Product Supply & Demand     165
24 Other Western Europe: Turbine Product Demand by Application     167

Section VI -- Asia/Pacific
1 Asia/Pacific: Turbine Product Supply & Demand     171
2 Asia/Pacific: Turbine Product Demand by Application     173
3 Australia: Turbine Product Supply & Demand     176
4 Australia: Turbine Product Demand by Application     178
5 China: Turbine Product Supply & Demand     182
6 China: Turbine Product Demand by Application     187
7I ndia: Turbine Product Supply & Demand     191
8I ndia: Turbine Product Demand by Application     193
9J apan: Turbine Product Supply & Demand     197
10 Japan: Turbine Product Demand by Application     200
11 South Korea: Turbine Product Supply & Demand     203
12 South Korea: Turbine Product Demand by Application     205
13 Other Asia/Pacific: Turbine Product Supply & Demand     209
14 Other Asia/Pacific: Turbine Product Demand by Application     211

Section VII -- Other Regions
1 Central & South America: Turbine Product Supply & Demand     215
2 Central & South America: Turbine Product Demand by Application     217
3 Brazil: Turbine Product Supply & Demand     220
4 Brazil: Turbine Product Demand by Application     222
5 Other Central & South America: Turbine Product Supply & Demand     225
6 Other Central & South America: Turbine Product Demand by Application     227
7 Eastern Europe: Turbine Product Supply & Demand     230
8 Eastern Europe: Turbine Product Demand by Application     232
9 Czech Republic: Turbine Product Supply & Demand     235
10 Czech Republic: Turbine Product Demand by Application     237
11 Poland: Turbine Product Supply & Demand     240
12 Poland: Turbine Product Demand by Application     242
13 Russia: Turbine Product Supply & Demand     245
14 Russia: Turbine Product Demand by Application     248
15 Other Eastern Europe: Turbine Product Supply & Demand     251
16 Other Eastern Europe: Turbine Product Demand by Application     253
17 Africa/Mideast: Turbine Product Supply & Demand     257
18 Africa/Mideast: Turbine Product Demand by Application     259

Section VIII -- Industry Structure

1 Turbine Product Sales By Company, 2011     262
2 Selected Acquisitions & Divestitures     275
3 Selected Cooperative Agreements     280

List Of Charts

Section III -- Overview
1 World Turbine Product Demand by Region, 2011      43
2 World Turbine Product Demand by Application, 2011      45
3 World Turbine Product Demand by Type, 2011      56
4 World Turbine Product Shipments by Region, 2011      75

Section VIII -- Industry Structure
1 World Turbine Product Market Share by Company, 2011     264
2 World Electric Power Generation Turbine Market Share by Company, 2011266
3 World Turbine-Based Aircraft Engine Market Share by Company, 2011     269

Published By: Freedonia Group
Product Code: Freedonia Group203


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