Global demand for turbines is forecast to increase 3.2% annually through 2024 to $214 billion. Advances in electricity generation, particularly wind energy, will be the primary factor supporting demand gains. A rebound in aircraft engine demand following sharp declines in 2020 will also contribute to industry growth.
This report covers turbine demand by Product, Market, and Regions. Demand is also discussed for 22 major countries. Data are given in dollar value.
Turbine products covered in this report include:
Wind turbines
Gas combustion turbines
Steam & hydraulic turbines
Turbine engines
Turbine Generators & Generator Sets
Markets for turbines include:
Electric power generation
Aircraft Engines
Other markets, including specialty industrial applications and marine engines
Scope of the Report
This Freedonia industry study presents historical demand data (2009, 2014, and 2019) and forecasts for 2024 by product (wind turbines, gas combustion turbines, steam & hydraulic turbines, turbine engines, turbine generators & generator sets) and market (electric power generation, aircraft engines, other markets including specialized industrial applications and marine engines). The study also offers analysis on industry competitors.
- Executive Summary
- Table Figure1-1 | Global Turbine Market
- Regional Outlook & Factors Impacting Demand
- Demand by Region
- Table Global Turbine Product Demand by Region, 2009 – 2024
- International Trade
- Table Global Turbine Product Net Exports by Region, 2009 – 2024
- Turbine Pricing Patterns
- Factors Affecting Demand
- Impact of COVID-19 Pandemic
- Electric Power Generation Outlook
- Table Global Electric Power Generation Capacity by Region, 2009 – 2024
- Distributed Generation (Micropower)
- Wind Energy Generation Capacity by Region
- Table Global Wind Energy Generation Installed Capacity by Region, 2009 – 2024
- Table Figure2-1 | Global Wind Energy Generation Installed Capacity by Region, 2009 – 2024
- Demand by Region
- Products
- Demand by Product
- Table Global Turbine Product Demand by Type, 2009 – 2024
- Wind Turbines
- Table Global Wind Turbine Demand by Region, 2009 – 2024
- Gas Combustion Turbines
- Table Global Gas Combustion Turbine Demand by Region, 2009 – 2024
- Steam & Hydraulic Turbines
- Table Global Steam & Hydraulic Turbine Demand by Region, 2009 – 2024
- Turbine Engines
- Table Global Turbine Engine Demand by Region, 2009 – 2024
- Turbine Generators & Generator Sets
- Table Global Turbine Generator & Generator Set Demand by Region, 2009 – 2024
- Demand by Product
- Markets
- Demand by Market
- Table Global Turbine Product Demand by Market, 2009 – 2024
- Electric Power Generation
- Table Global Electric Power Generation Turbine Product Demand by Region, 2009 – 2024
- Aircraft Engines
- Table Global Aircraft Engine Turbine Product Demand by Region, 2009 – 2024
- Other Markets
- Table Global Other Turbine Product Demand by Region, 2009 – 2024
- Demand by Market
- North America
- North America: Turbine Market Size
- Table Figure5-1 | North America: Turbine Market Key Indicators, 2019
- North America: Supply & Demand
- Table North America: Turbine Product Supply & Demand by Type, 2009 – 2024
- Table Figure5-2 | North America: Turbine Product Supply & Demand by Country, 2009 – 2024
- North America: Demand by Market
- Table North America: Turbine Product Demand by Market, 2009 – 2024
- North America: Market Share
- Table Figure5-3 | North America: Turbine Product Market Share by Company, 2019
- United States
- United States: Turbine Market Size
- Table Figure5-4 | United States: Turbine Market Key Indicators, 2019
- Table Figure5-5 | United States: Turbine Product Demand, 2006 – 2019
- United States: Supply & Demand
- Table United States: Turbine Product Supply & Demand by Type, 2009 – 2024
- Table Figure5-6 | United States: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- United States: Demand by Market
- Table United States: Turbine Product Demand by Market, 2009 – 2024
- United States: Suppliers
- United States: Turbine Market Size
- Canada
- Canada: Turbine Market Size
- Table Figure5-7 | Canada: Turbine Market Key Indicators, 2019
- Table Figure5-8 | Canada: Turbine Product Demand, 2006 – 2019
- Canada: Supply & Demand
- Table Canada: Turbine Product Supply & Demand by Type, 2009 – 2024
- Table Figure5-9 | Canada: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- Canada: Demand by Market
- Table Canada: Turbine Product Demand by Market, 2009 – 2024
- Canada: Suppliers
- Canada: Turbine Market Size
- Mexico
- Mexico: Turbine Market Size
- Table Figure5-10 | Mexico: Turbine Market Key Indicators, 2019
- Table Figure5-11 | Mexico: Turbine Product Demand, 2006 – 2019
- Mexico: Supply & Demand
- Table Mexico: Turbine Product Supply & Demand by Type, 2009 – 2024
- Table Figure5-12 | Mexico: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- Mexico: Demand by Market
- Table Mexico: Turbine Product Demand by Market, 2009 – 2024
- Mexico: Suppliers
- Mexico: Turbine Market Size
- North America: Turbine Market Size
- Central & South America
- Central & South America: Turbine Market Size
- Table Figure6-1 | Central & South America: Turbine Market Key Indicators, 2019
- Central & South America: Supply & Demand
- Table Central & South America: Turbine Product Supply & Demand, 2009 – 2024
- Table Figure6-2 | Central & South America: Turbine Product Supply & Demand by Country, 2009 – 2024
- Central & South America: Demand by Market
- Table Central & South America: Turbine Product Demand by Market, 2009 – 2024
- Brazil
- Brazil: Turbine Market Size
- Table Figure6-3 | Brazil: Turbine Market Key Indicators, 2019
- Table Figure6-4 | Brazil: Turbine Product Demand, 2006 – 2019
- Brazil: Supply & Demand
- Table Brazil: Turbine Product Supply & Demand by Type, 2009 – 2024
- Table Figure6-5 | Brazil: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- Brazil: Demand by Market
- Table Brazil: Turbine Product Demand by Market, 2009 – 2024
- Brazil: Suppliers
- Brazil: Turbine Market Size
- Other Central & South America
- Other Central & South America: Turbine Market Size
- Table Figure6-6 | Other Central & South America: Turbine Market Key Indicators, 2019
- Table Figure6-7 | Other Central & South America: Turbine Product Demand, 2006 – 2019
- Other Central & South America: Supply & Demand
- Table Other Central & South America: Turbine Product Supply & Demand, 2009 – 2024
- Table Figure6-8 | Other Central & South America: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- Other Central & South America: Demand by Market
- Table Other Central & South America: Turbine Product Demand by Market, 2009 – 2024
- Other Central & South America: Suppliers
- Other Central & South America: Turbine Market Size
- Central & South America: Turbine Market Size
- Western Europe
- Western Europe: Turbine Market Size
- Table Figure7-1 | Western Europe: Turbine Market Key Indicators, 2019
- Western Europe: Supply & Demand
- Table Western Europe: Turbine Product Supply & Demand by Type, 2009 – 2024
- Table Figure7-2 | Western Europe: Turbine Product Supply & Demand by Country, 2009 – 2024
- Western Europe: Demand by Market
- Table Western Europe: Turbine Product Demand by Market, 2009 – 2024
- Western Europe: Market Share
- Table Figure7-3 | Western Europe: Turbine Market Share, 2019
- United Kingdom
- United Kingdom: Turbine Market Size
- Table Figure7-4 | United Kingdom: Turbine Market Key Indicators, 2019
- Table Figure7-5 | United Kingdom: Turbine Product Demand 2006 – 2019
- United Kingdom: Supply & Demand
- Table United Kingdom: Turbine Product Supply & Demand by Type, 2009 – 2024
- Table Figure7-6 | United Kingdom: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- United Kingdom: Demand by Market
- Table United Kingdom: Turbine Product Demand by Market, 2009 – 2024
- United Kingdom: Suppliers
- United Kingdom: Turbine Market Size
- France
- France: Turbine Market Size
- Table Figure7-7 | France: Turbine Market Key Indicators, 2019
- Table Figure7-8 | France: Turbine Product Demand, 2006 – 2019
- France: Supply & Demand
- Table France: Turbine Product Supply & Demand by Type, 2009 – 2024
- Table Figure7-9 | France: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- France: Demand by Market
- Table France: Turbine Product Demand by Market, 2009 – 2024
- France: Suppliers
- France: Turbine Market Size
- Germany
- Germany: Turbine Market Size
- Table Figure7-10 | Germany: Turbine Market Key Indicators, 2019
- Table Figure7-11 | Germany: Turbine Product Demand, 2006 – 2019
- Germany: Supply & Demand
- Table Germany: Turbine Product Supply & Demand, 2009 – 2024
- Table Figure7-12 | Germany: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- Germany: Demand by Market
- Table Germany: Turbine Product Demand by Market, 2009 – 2024
- Germany: Suppliers
- Germany: Turbine Market Size
- Spain
- Spain: Turbine Market Size
- Table Figure7-13 | Spain: Turbine Market Key Indicators, 2019
- Table Figure7-14 | Spain: Turbine Product Demand, 2006 – 2019
- Spain: Supply & Demand
- Table Spain: Turbine Product Supply & Demand, 2009 – 2024
- Table Figure7-15 | Spain: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- Spain: Demand by Market
- Table Spain: Turbine Product Demand by Market, 2009 – 2024
- Spain: Suppliers
- Spain: Turbine Market Size
- Italy
- Italy: Turbine Market Size
- Table Figure7-16 | Italy: Turbine Market Key Indicators, 2019
- Table Figure7-17 | Italy: Turbine Product Demand, 2006 – 2019
- Italy: Supply & Demand
- Table Italy: Turbine Product Supply & Demand, 2009 – 2024
- Table Figure7-18 | Italy: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- Italy: Demand by Market
- Table Italy: Turbine Product Demand by Market, 2009 – 2024
- Italy: Suppliers
- Italy: Turbine Market Size
- Sweden
- Sweden: Turbine Market Size
- Table Figure7-19 | Sweden: Turbine Market Key Indicators, 2019
- Table Figure7-20 | Sweden: Turbine Product Demand, 2006 – 2019
- Sweden: Supply & Demand
- Table Sweden: Turbine Product Supply & Demand by Type, 2009 – 2024
- Table Figure7-21 | Sweden: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- Sweden: Demand by Market
- Table Sweden: Turbine Product Demand by Market, 2009 – 2024
- Sweden: Suppliers
- Sweden: Turbine Market Size
- Belgium
- Belgium: Turbine Market Size
- Table Figure7-22 | Belgium: Turbine Market Key Indicators, 2019
- Table Figure7-23 | Belgium: Turbine Product Demand, 2006 – 2019
- Belgium: Supply & Demand
- Table Belgium: Turbine Product Supply & Demand by Type, 2009 – 2024
- Table Figure7-24 | Belgium: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- Belgium: Demand by Market
- Table Belgium: Turbine Product Demand by Market, 2009 – 2024
- Belgium: Suppliers
- Belgium: Turbine Market Size
- Netherlands
- Netherlands: Turbine Market Size
- Table Figure7-25 | Netherlands: Turbine Market Key Indicators, 2019
- Table Figure7-26 | Netherlands: Turbine Product Demand, 2006 – 2019
- Netherlands: Supply & Demand
- Table Netherlands: Turbine Product Supply & Demand, 2009 – 2024
- Table Figure7-27 | Netherlands: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- Netherlands: Demand by Market
- Table Netherlands: Turbine Product Demand by Market, 2009 – 2024
- Netherlands: Suppliers
- Netherlands: Turbine Market Size
- Denmark
- Denmark: Turbine Market Size
- Table Figure7-28 | Denmark: Turbine Market Key Indicators, 2019
- Table Figure7-29 | Denmark: Turbine Product Demand, 2006 – 2019
- Denmark: Supply & Demand
- Table Denmark: Turbine Product Supply & Demand, 2009 – 2024
- Table Figure7-30 | Denmark: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- Denmark: Demand by Market
- Table Denmark: Turbine Product Demand by Market, 2009 – 2024
- Denmark: Suppliers
- Denmark: Turbine Market Size
- Switzerland
- Switzerland: Turbine Market Size
- Table Figure7-31 | Switzerland: Turbine Market Key Indicators, 2019
- Table Figure7-32 | Switzerland: Turbine Product Demand, 2006 – 2019
- Switzerland: Supply & Demand
- Table Switzerland: Turbine Product Supply & Demand, 2009 – 2024
- Table Figure7-33 | Switzerland: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- Switzerland: Demand by Market
- Table Switzerland: Turbine Product Demand by Market, 2009 – 2024
- Switzerland: Suppliers
- Switzerland: Turbine Market Size
- Other Western Europe
- Other Western Europe: Turbine Market Size
- Table Figure7-34 | Other Western Europe: Turbine Market Key Indicators, 2019
- Table Figure7-35 | Other Western Europe: Turbine Product Demand, 2006 – 2019
- Other Western Europe: Supply & Demand
- Table Other Western Europe: Turbine Product Supply & Demand, 2009 – 2024
- Table Figure7-36 | Other Western Europe: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- Other Western Europe: Demand by Market
- Table Other Western Europe: Turbine Product Demand by Market, 2009 – 2024
- Other Western Europe: Suppliers
- Other Western Europe: Turbine Market Size
- Western Europe: Turbine Market Size
- Eastern Europe
- Eastern Europe: Turbine Market Size
- Table Figure8-1 | Eastern Europe: Turbine Market Key Indicators, 2019
- Eastern Europe: Supply & Demand
- Table Eastern Europe: Turbine Product Supply & Demand, 2009 – 2024
- Table Figure8-2 | Eastern Europe: Turbine Product Supply & Demand by Country, 2009 – 2024
- Eastern Europe: Demand by Market
- Table Eastern Europe: Turbine Product Demand by Market, 2009 – 2024
- Russia
- Russia: Turbine Market Size
- Table Figure8-3 | Russia: Turbine Market Key Indicators, 2019
- Table Figure8-4 | Russia: Turbine Product Demand, 2006 – 2019
- Russia: Supply & Demand
- Table Russia: Turbine Product Supply & Demand by Type, 2009 – 2024
- Table Figure8-5 | Russia: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- Russia: Demand by Market
- Table Russia: Turbine Product Demand by Market, 2009 – 2024
- Russia: Suppliers
- Russia: Turbine Market Size
- Poland
- Poland: Turbine Market Size
- Table Figure8-6 | Poland: Turbine Market Key Indicators, 2019
- Table Figure8-7 | Poland: Turbine Product Demand, 2006 – 2019
- Poland: Supply & Demand
- Table Poland: Turbine Product Supply & Demand by Type, 2009 – 2024
- Table Figure8-8 | Poland: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- Poland: Demand by Market
- Table Poland: Turbine Product Demand by Market, 2009 – 2024
- Poland: Suppliers
- Poland: Turbine Market Size
- Czech Republic
- Czech Republic: Turbine Market Size
- Table Figure8-9 | Czech Republic: Turbine Market Key Indicators, 2019
- Table Figure8-10 | Czech Republic: Turbine Product Demand, 2006 – 2019
- Czech Republic: Supply & Demand
- Table Czech Republic: Turbine Product Supply & Demand by Type, 2009 – 2024
- Table Figure8-11 | Czech Republic: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- Czech Republic: Demand by Market
- Table Czech Republic: Turbine Product Demand by Market, 2009 – 2024
- Czech Republic: Suppliers
- Czech Republic: Turbine Market Size
- Other Eastern Europe
- Other Eastern Europe: Turbine Market Size
- Table Figure8-12 | Other Eastern Europe: Turbine Market Key Indicators, 2019
- Table Figure8-13 | Other Eastern Europe: Turbine Product Demand, 2006 – 2019
- Other Eastern Europe: Supply & Demand
- Table Other Eastern Europe: Turbine Product Supply & Demand, 2009 – 2024
- Table Figure8-14 | Other Eastern Europe: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- Other Eastern Europe: Demand by Market
- Table Other Eastern Europe: Turbine Product Demand by Market, 2009 – 2024
- Other Eastern Europe: Suppliers
- Other Eastern Europe: Turbine Market Size
- Eastern Europe: Turbine Market Size
- Asia/Pacific
- Asia/Pacific: Turbine Market Size
- Table Figure9-1 | Asia Pacific: Turbine Market Key Indicators, 2019
- Asia/Pacific: Supply & Demand
- Table Asia Pacific: Turbine Product Supply & Demand, 2009 – 2024
- Table Figure9-2 | Asia/Pacific: Turbine Product Supply & Demand by Country, 2009 – 2024
- Asia/Pacific: Demand by Market
- Table Asia Pacific: Turbine Product Demand by Market, 2009 – 2024
- Asia/Pacific: Market Share
- Table Figure9-3 | Asia/Pacific Turbine Market Share, 2019
- China
- China: Turbine Market Size
- Table Figure9-4 | China: Turbine Market Key Indicators, 2019
- Table Figure9-5 | China: Turbine Product Demand, 2006 – 2019
- China: Supply & Demand
- Table China: Turbine Product Supply & Demand by Type, 2009 – 2024
- Table Figure9-6 | China: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- China: Demand by Market
- Table China: Turbine Product Demand by Market, 2009 – 2024
- China: Suppliers
- China: Turbine Market Size
- Japan
- Japan: Turbine Market Size
- Table Figure9-7 | Japan: Turbine Market Key Indicators, 2019
- Table Figure9-8 | Japan: Turbine Product Demand, 2006 – 2019
- Japan: Supply & Demand
- Table Japan: Turbine Product Supply & Demand by Type, 2009 – 2024
- Table Figure9-9 | Japan: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- Japan: Demand by Market
- Table Japan: Turbine Product Demand by Market, 2009 – 2024
- Japan: Suppliers
- Japan: Turbine Market Size
- India
- India: Turbine Market Size
- Table Figure9-10 | India: Turbine Market Key Indicators, 2019
- Table Figure9-11 | India: Turbine Product Demand, 2006 – 2019
- India: Supply & Demand
- Table India: Turbine Product Supply & Demand, 2009 – 2024
- Table Figure9-12 | India: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- India: Demand by Market
- Table India: Turbine Product Demand by Market, 2009 – 2024
- India: Suppliers
- India: Turbine Market Size
- Australia
- Australia: Turbine Market Size
- Table Figure9-13 | Australia: Turbine Market Key Indicators, 2019
- Table Figure9-14 | Australia: Turbine Product Demand, 2006 – 2019
- Australia: Supply & Demand
- Table Australia: Turbine Product Supply & Demand by Type, 2009 – 2024
- Table Figure9-15 | Australia: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- Australia: Demand by Market
- Table Australia: Turbine Product Demand by Market, 2009 – 2024
- Australia: Suppliers
- Australia: Turbine Market Size
- South Korea
- South Korea: Turbine Market Size
- Table Figure9-16 | South Korea: Turbine Market Key Indicators, 2019
- Table Figure9-17 | South Korea: Turbine Product Demand, 2006 – 2019
- South Korea: Supply & Demand
- Table South Korea: Turbine Product Supply & Demand by Type, 2009 – 2024
- Table Figure9-18 | South Korea: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- South Korea: Demand by Market
- Table South Korea: Turbine Product Demand by Market, 2009 – 2024
- South Korea: Suppliers
- South Korea: Turbine Market Size
- Other Asia/Pacific
- Other Asia/Pacific: Turbine Market Size
- Table Figure9-19 | Other Asia/Pacific: Turbine Market Key Indicators, 2019
- Table Figure9-20 | Other Asia/Pacific: Turbine Product Demand, 2006 – 2019
- Other Asia/Pacific: Supply & Demand
- Table Other Asia/Pacific: Turbine Product Supply & Demand, 2009 – 2024
- Table Figure9-21 | Other Asia/Pacific: Turbine Product Supply & Demand & Key Indicators, 2019 – 2024
- Other Asia/Pacific: Demand by Market
- Table Other Asia/Pacific: Turbine Product Demand by Market, 2009 – 2024
- Other Asia/Pacific: Turbine Market Size
- Asia/Pacific: Turbine Market Size
- Africa/Mideast
- Africa/Mideast: Turbine Market Size
- Table Figure10-1 | Africa/Mideast: Turbine Market Key Indicators, 2019
- Africa/Mideast: Supply & Demand
- Table Africa/Mideast: Turbine Product Supply & Demand by Type, 2009 – 2024
- Table Figure10-2 | Africa/Mideast: Turbine Product Supply & Demand, 2009 – 2024
- Africa/Mideast: Demand by Market
- Table Africa/Mideast: Turbine Product Demand by Market, 2009 – 2024
- Africa/Mideast: Market Share
- Table Figure10-3 | Africa/Mideast: Turbine Market Share, 2019
- Africa/Mideast: Turbine Market Size
- Industry Structure
- Key Findings & Industry Composition
- Table Global Turbine Sales by Company, 2019
- Market Share
- Table Figure11-1 | Global Turbine Market Share by Company, 2019
- Electric Power Generation
- Table Figure11-2 | Global Electric Power Generation Turbine Market: Leading Supplier, 2019
- Table Figure11-3 | Global Electric Power Generation Turbine Market: Second Leading Supplier, 2019
- Table Figure11-4 | Global Electric Power Generation Turbine Market: Third Leading Supplier, 2019
- Aircraft Engines
- Table Figure11-5 | Global Aircraft Engine Turbine Market: Leading Supplier, 2019
- Table Figure11-6 | Global Aircraft Engine Turbine Market: Second Leading Supplier, 2019
- Table Figure11-7 | Global Aircraft Engine Turbine Market: Third Leading Supplier, 2019
- Table Figure11-8 | Global Aircraft Engine Turbine Market: Fourth Leading Supplier, 2019
- Mergers & Acquisitions
- Table Selected Mergers & Acquisitions
- Cooperative Agreements
- Table Selected Cooperative Agreements
- List of Industry Participants
- Table Selected Industry Participants
- Key Findings & Industry Composition
- Appendix
- Scope
- Table Relevant HS Codes
- Table Relevant Industry Codes
- Table Relevant NACE Codes
- Definitions
- Abbreviations
- Table List of Abbreviations
- Freedonia Methodology
- Study-Specific Methodology
- Associations & Agencies
- Related Studies & Reports
- Country Lists by Region
- Table Countries in North America
- Table Countries in Central & South America
- Table Countries in Western Europe
- Table Countries in Eastern Europe
- Table Countries in the Asia/Pacific Region
- Table Countries in the Africa/Mideast Region
- Macroeconomic Assumptions
- Economic Environment
- Table January 2020 Global Gross Domestic Product by Region & Country, 2009 – 2024
- Table Figure12-1 | Real GDP: January 2020 Forecast vs. June 2020 Revised Forecast
- Demographic Trends
- Table Global Population by Region & Country, 2009 – 2024
- Manufacturing
- Table January 2020 Global Manufacturing Value Added, 2009 – 2024
- Table Figure12-2 | Global Manufacturing Value Added: January 2020 Forecast vs. June 2020 Revised Forecast
- Fixed Investment
- Table Global Gross Fixed Capital Formation, 2009 – 2024
- Economic Environment
- Scope
Research Assistance
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