Turbines Market Research Reports & Industry Analysis
The simplest turbines have one moving part, a rotor assembly, which is a shaft or drum with blades attached. Moving fluid acts on the blades, or the blades react to the flow, so that they move and impart rotational energy to the rotor. Early turbine examples are windmills and water wheels.
The latest U.S. census estimates indicate that there are more than 16,000 companies operating in the NAICS codes identified for wind turbine components and these companies employ more than 1 million employees, with an annual payroll of more than $35 billion. But with the U.S. still in recession recovery mode, these businesses are rapidly finding ways to cut costs and streamline payroll. Meanwhile, the shortage of wind turbines supply domestically is leading to an accelerating demand for new production.
Turbines Industry Research & Market Reports
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North America Wind Turbine Forging Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Seamless Rolled Ring and Open Die Forging) and Component (Flanges, Blades, Bearings, Gears, Shafts, and Others)
... North America wind turbine forging market is expected to grow from US$ 1,363.20 million in 2022 to US$ 1,757.62 million by 2028. It is estimated to grow at a CAGR of 4.3% from 2022 to ... Read More
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Turbine And Turbine Generator Set Units Global Market Briefing 2023
... transmission equipment market accounting for 41.2%. In terms of per capita consumption, the market was $30.2 and in terms of global GDP, the market was 0.22%. Turbine and turbine generator set units was the largest ... Read More
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Engine, Turbine, And Power Transmission Equipment Global Market Briefing 2023
... for 16.1%. In terms of per capita consumption, the market was $73.3 and in terms of global GDP, the market was 0.53%. Engine, turbine, and power transmission equipment was the third largest segment within the ... Read More
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Speed Changer, Industrial High-Speed Drive, And Gear Global Market Briefing 2023 Covering: Doosan Heavy Industries & Construction Co., Ltd.; Moog Inc; Brother Industries, Ltd.; Tsubakimoto Chain Co.; Diageo plc
... and gear market was worth $61.2 billion in 2022. It was the fourth largest segment within the engine, turbine, and power transmission equipment market accounting for 10.7%. In terms of per capita consumption, the market ... Read More
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Europe Large Wind Turbine Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... impacted the market in 2020. Presently the market is likely to reach pre-pandemic levels. Key Highlights Over the medium term, the increasing investments in wind power projects have been providing a significant boost to the ... Read More
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Wind Turbine Composite Materials Market Analysis and Forecast to 2032: By Resin Type (Epoxy, Polyester, Vinyl Ester, Others), Manufacturing Process (Vacuum Injection Molding, Prepreg, Hand Lay-Up), Application (Blades, Nacelles, Towers, and Hub), and Regi
... turbine composite materials are made up of a variety of different fibers and resins that are combined to create a strong, lightweight material. The most common type of composite material used in wind turbines is ... Read More
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Europe Gas Turbine Mro Market In The Power Sector - Growth, Trends, and Forecasts (2023 - 2028)
... 2% during the forecast period. COVID-19 moderately impacted the market in 2020. Presently, the market has now reached pre-pandemic levels. Key Highlights Over the long term, aging installations of gas turbines, the need to maintain ... Read More
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Turbine Control System Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... outbreak severely affected the market due to delays in power plant construction projects. As an example, in United States, in the months of March and April 2020, 21% and 29% of projects, respectively, experienced delays ... Read More
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Wind Turbine Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... outbreak in Q1 of 2020, the growth of the wind turbine market was moderately impacted in terms of delays in manufacturing and supplying of new turbines, capacity addition outlook, and financial challenges for major players' ... Read More
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Industrial Gas Turbine Market - Growth, Trends, and Forecasts (2023 - 2028)
... by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels. Key Highlights Over the medium term, factors such as rapid urbanization, increasing demand for electrical energy, and the rising demand for cleaner energy ... Read More
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Aircraft Micro Turbine Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... aviation sector has witnessed significant challenges due to the COVID-19 pandemic. Factors such as the implementation of strict lockdown measures, supply chain disruptions, and raw material shortages hinder market growth during the pandemic. The sector ... Read More
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Direct Drive Wind Turbine Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... In 2020, the COVID-19 outbreak had a moderate impact on the market due to the stringent lockdown protocols imposed by governments worldwide, leading to a delay in the production of direct drive wind turbines. Favorable ... Read More
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Middle East Gas Turbine Mro Market In The Power Sector - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... a CAGR of 5% during the forecast period. The market was negatively impacted by the COVID-19 pandemic due to delays and cancellations of projects and decreased demand for electricity. However, the market rebounded in 2022. ... Read More
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Wind Turbine Gearbox Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... 2022-2027. With the COVID-19 outbreak in 2020, the growth of the wind turbine gearbox market was moderately impacted by delays in manufacturing and supplying wind turbine gearboxes, wind projects, and other challenges for major players' ... Read More
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Fixed Wing Turbine Aircraft Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... affected air passenger traffic globally in 2020, reducing flight activity and impacting domestic and international travel. As a result, private aircraft OEMs trimmed their production rates as the pandemic decreased the demand for new jets. ... Read More
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United States Hydro Turbine Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... 2022-2027. The COVID-19 pandemic disrupted the market by causing the electricity demand to crash, rendering the hydropower plants un-used and ultimately affecting the hydro turbine market also. The pandemic also caused delays in the construction ... Read More
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Wind Turbine Rotor Blade Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... is projected to register at a CAGR of more than 7% during the forecast period. The market was moderately impacted by COVID-19 in 2020. Presently, the market has reached pre-pandemic levels. Key Highlights The major ... Read More
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China Wind Turbine Rotor Blade Market - Growth, Trends, and Forecasts (2023 - 2028)
... was negatively impacted by COVID-19 in 2020. Presently, the market reached pre-pandemic levels. Key Highlights Over the long term, the major driving factors are control of the supply chain and the presence of a strong ... Read More
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Asia-Pacific Large Wind Turbine Market - Growth, Trends, Covid-19 Impact and Forecasts (2023 - 2028)
... market was negatively impacted by COVID-19. Presently, the market has reached pre-pandemic levels. Over the medium period, government policies promoting the development of renewables and increasing investment in wind power projects are expected to drive ... Read More
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Asia-Pacific Steam Turbine Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... in Q1 of 2020 negatively impacted the market's growth. Lockdown restrictions imposed by various governments in the region have disrupted the supply chain, and most global manufacturers suffered a massive setback in dispatches and order ... Read More
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Asia-Pacific Gas Turbine Mro Market In The Power Sector - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... during the forecast period. The COVID-19 pandemic had an impact on the market but variably as demand for energy has grown again after the pandemic. Further, the flexible nature of gas plants has protected them ... Read More
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Steam Turbine For Power Generation Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... period 2022–2027. The outbreak of COVID-19 in Q1 2020 negatively impacted the market's growth. Lockdown restrictions imposed by various regional governments disrupted the supply chain, and most global manufacturers suffered a massive setback in dispatches ... Read More
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Small Wind Turbine Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... million by 2027, at a CAGR of 1.19% during 2022-2027. The COVID-19 pandemic did not have any major impact on the market during 2020. Factors such as lower CAPEX requirements, rising environmental concerns, and demand ... Read More
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Europe Hydro Turbine Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... Factors such as increasing demand for energy, a rise in the need for cleaner technologies for power production, and stringent emission policy targets are likely to drive the hydro turbine market. Moreover, hydropower is the ... Read More
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Offshore Wind Turbine Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... COVID-19 pandemic declined the overall energy consumption, disrupted the supply chain, and slowed down the economic development worldwide. Most of the equipment and components, such as roller bearings that connect to gearboxes and eventually allow ... Read More
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