Turbine Market Growth in US 2015 Analysis and 2019 Forecasts

A turbine is a mechanical device consisting of revolving rotors and blades that transforms rotational energy into usable energy. The fluid used for the rotation can be steam, gas, or other combustion products such as CO2 and carbon monoxide. There are three types of turbines namely steam turbines, gas turbines, and CCGT. Steam turbines extract thermal energy from steam and converts it into mechanical energy. Gas turbines are generally used in gas-fired power plants wherein an internal combustion engine is placed, in which the fuel is mixed with air and ignited. Because of the growing awareness about the environmental pollution caused by thermal power plants, most of the newly constructed gas-fired power plants are CCGT plants.

The analysts forecast the turbine market in the US to grow at a CAGR of 0.9% in terms of installations over the period 2014-2019.

Covered in this Report

The turbine market in the US can be segmented into three divisions: steam turbines, gas turbines, and CCGT.

The report, Turbine Market in the US 2014-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors

  • Alstom
  • DresserRand
  • Elliot Group
  • General Electric
  • Westinghouse

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Other Prominent Vendors

  • Cooper Rolls-Coberra
  • Stewart & Stevenson Power Products
  • United Ring & Seal
  • Duraflex
  • J B Tool Die & Engineering

Market Driver

  • Availability of Shale Gas

Market Challenge

  • High Capital Costs

Market Trend

  • Acquisitions by Leading Manufacturers

Key Questions Answered in this Report

  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

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