The report "Turbo Generator Market by Capacity (10-175 MVA, 175 MVA- 550 MVA, 550 MVA & Above), by End-User (Coal Power Plants, Gas Power Plants, Nuclear Power Pants, Others), by Cooling (Air Cooled, Hydrogen cooled, Water Hydrogen Cooled) & Geography (Asia-Pacific, Europe, Middle East & Africa, North America, South America) - Global Trends and Forecasts to 2019", defines and segments the global Turbo Generator Market with an analysis and forecast of the revenue. The Turbo Generator Market will grow from an estimated $10 billion in 2014 to $10.36 billion by 2019 with a CAGR of 0.7% from 2014 to 2019.
Browse 95 market data tables and 58 figures spread through 266 pages and in-depth TOC on "Turbo Generator Market - Global Trends and Forecasts to 2019"
Asia-Pacific still expected to witness highest demand
The global Turbo Generator Market is expected to cross $ 10 billion mark by 2019, growing at a CAGR of 0.7% from 2014 to 2019. In terms of market size, Asia-Pacific stood first followed by Europe and North America in 2013. Rapid industrialization in the emerging countries of Asia-Pacific has led to increased growing power demand, creating a huge demand new power plants in the region. Between 2014 and 2019, the region is expected to witness the highest capacity additions though to reach $6.62 billion by 2019.
Coal Fired power plants dominates the demand in market
Coal fired power plants with big capacities are rapidly coming up in China and India accounting for almost 55% share of the total Turbo Generator Market in 2013. This segment is expected to witness stagnation at these levels on account of the increased environmental awareness and stringent regulations put in place by the regulatory bodies.
Key companies in the turbogenerator service market are Alstom SA (France), General Electric (the U.S.), Siemens AG (Germany), Mitsubishi Hitachi Power Systems (Japan), Andritz AG (Austria), BHEL (India), Harbin Electric Company (China), Toshiba (Japan), Dongfang Electric Corporation (China), L&T MHI (India).
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Mergers and Acquisitions: Key strategy
The leading companies Turbogenerators market focus on the growth of their mergers & acquisitions with the key objective of serving various industry sectors with wide geographic presence. The leading companies have been able to enter in to partnerships and JVs with local players in order to expand their range of operations. They are constantly focusing on the emerging regions to establish themselves as leading Turbogenerators technology providers.
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