Abstract
Global demand to grow 4.7% annually through 2012
The world market for turbines and related products (turbine-based engines,
generators and generator sets) is projected to increase 4.7 percent annually
to $104 billion in 2012. Growth will be supported by solid growth in aircraft
production and power generation installations. Among the major consuming
nations, China is expected to see the strongest gains, with demand rising more
than seven percent annually as the country continues to build out its
electrical infrastructure. Other developing regions will also see strong
growth, while the markets in a number of developed countries, including the
US, France and Germany will benefit from rising aircraft production.
Global turbine production is centered in North America and Western Europe,
which accounted for a combined 70 percent share of the total value of world
shipments in 2007. The US is the leading global supplier, with over $23
billion in 2007 shipments, with the United Kingdom, France and Germany also
important suppliers. Over the past decade, China has also become an important
turbine producer, with much of the production used to supply the large
domestic market.
The UK, Denmark, Germany and the US are the largest net exporters of turbine
products, with Denmark' s surplus consisting almost entirely of wind turbines.
Despite its large domestic industry, China maintains a large trade deficit in
turbines and related products, primarily in the turbine engines and wind
turbine segments.
Study coverage
It presents historical demand data (1997, 2002, 2007) and forecasts for 2012
and 2017 by turbine product and application, and by world region and for 22
countries. The study also considers market environment factors, evaluates
company market share and profiles 32 leading competitors.
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