Europe Turbo Generator Market Size, Share & Trends Analysis Report By Type (Gas Turbine Generator, Steam Turbine Generator, and Water Turbine Generator), By End User, By Cooling System), By Country and Growth Forecast, 2024 - 2031
The Europe Turbo Generator Market would witness market growth of 3.8% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Turbo Generator Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $642 million by 2031. The UK market is exhibiting a CAGR of 2.9% during (2024 - 2031). Additionally, The France market would be experiencing a CAGR of 4.5% during (2024 - 2031).
These are extensively used in coal, oil, and natural gas-fired power plants to convert thermal energy into electrical energy efficiently. Turbo generators convert the heat produced by nuclear fission into electrical energy.
Moreover, these are a key component in combined-cycle power plants, where they utilize both gas and steam turbines to generate electricity efficiently. It is used in wind turbines to convert mechanical energy from wind to electrical energy.
According to Eurostat data, in 2021, a substantial fraction of the EU population resided in primarily urban regions (40.5%) and intermediate regions (38.7%), with the remaining fifth (20.8%) living in predominantly rural regions. Urbanization is leading to a rise in population density and electricity demand in urban areas across Europe. Turbo generators are crucial in meeting this growing demand by providing reliable and efficient power generation solutions in Europe.
Based on Type, the market is segmented into Gas Turbine Generator, Steam Turbine Generator, and Water Turbine Generator. Based on End User, the market is segmented into Coal Power Plants, Nuclear Power Plants, Gas Power Plants, and Others. Based on Cooling System, the market is segmented into Air Cooled, Water Cooled, and Hydrogen Cooled. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Suzlon Energy Limited
- Beijing BEIZHONG Steam Turbine Generator Co., Ltd.
- Andritz AG
- Ansaldo Energia S.p.A.
- Bharat Heavy Electricals Ltd.
- Ebara Corporation
- Mitsubishi Heavy Industries Ltd.
- Siemens AG
- Toshiba Corporation
- General Electric Company
By Type
- Gas Turbine Generator
- Steam Turbine Generator
- Water Turbine Generator
- Coal Power Plants
- Nuclear Power Plants
- Gas Power Plants
- Others
- Air Cooled
- Water Cooled
- Hydrogen Cooled
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Turbo Generator Market, by Type
- 1.4.2 Europe Turbo Generator Market, by End User
- 1.4.3 Europe Turbo Generator Market, by Cooling System
- 1.4.4 Europe Turbo Generator Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Opportunities
- 3.2.3 Market Restraints
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. Europe Turbo Generator Market by Type
- 4.1 Europe Gas Turbine Generator Market by Country
- 4.2 Europe Steam Turbine Generator Market by Country
- 4.3 Europe Water Turbine Generator Market by Country
- Chapter 5. Europe Turbo Generator Market by End User
- 5.1 Europe Coal Power Plants Market by Country
- 5.2 Europe Nuclear Power Plants Market by Country
- 5.3 Europe Gas Power Plants Market by Country
- 5.4 Europe Others Market by Country
- Chapter 6. Europe Turbo Generator Market by Cooling System
- 6.1 Europe Air Cooled Market by Country
- 6.2 Europe Water Cooled Market by Country
- 6.3 Europe Hydrogen Cooled Market by Country
- Chapter 7. Europe Turbo Generator Market by Country
- 7.1 Germany Turbo Generator Market
- 7.1.1 Germany Turbo Generator Market by Type
- 7.1.2 Germany Turbo Generator Market by End User
- 7.1.3 Germany Turbo Generator Market by Cooling System
- 7.2 UK Turbo Generator Market
- 7.2.1 UK Turbo Generator Market by Type
- 7.2.2 UK Turbo Generator Market by End User
- 7.2.3 UK Turbo Generator Market by Cooling System
- 7.3 France Turbo Generator Market
- 7.3.1 France Turbo Generator Market by Type
- 7.3.2 France Turbo Generator Market by End User
- 7.3.3 France Turbo Generator Market by Cooling System
- 7.4 Russia Turbo Generator Market
- 7.4.1 Russia Turbo Generator Market by Type
- 7.4.2 Russia Turbo Generator Market by End User
- 7.4.3 Russia Turbo Generator Market by Cooling System
- 7.5 Spain Turbo Generator Market
- 7.5.1 Spain Turbo Generator Market by Type
- 7.5.2 Spain Turbo Generator Market by End User
- 7.5.3 Spain Turbo Generator Market by Cooling System
- 7.6 Italy Turbo Generator Market
- 7.6.1 Italy Turbo Generator Market by Type
- 7.6.2 Italy Turbo Generator Market by End User
- 7.6.3 Italy Turbo Generator Market by Cooling System
- 7.7 Rest of Europe Turbo Generator Market
- 7.7.1 Rest of Europe Turbo Generator Market by Type
- 7.7.2 Rest of Europe Turbo Generator Market by End User
- 7.7.3 Rest of Europe Turbo Generator Market by Cooling System
- Chapter 8. Company Profiles
- 8.1 Suzlon Energy Limited
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.2 Beijing Jingcheng Machinery Electric Holding Co., Ltd.
- 8.2.1 Company Overview
- 8.3 Andritz AG
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expenses
- 8.4 Ansaldo Energia S.p.A.
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Regional Analysis
- 8.5 Bharat Heavy Electricals Ltd.
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expenses
- 8.5.5 SWOT Analysis
- 8.6 Ebara Corporation
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expenses
- 8.7 Mitsubishi Heavy Industries Ltd.
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental Analysis
- 8.7.4 Research & Development Expenses
- 8.7.5 SWOT Analysis
- 8.8 Siemens AG
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expense
- 8.8.5 SWOT Analysis
- 8.9 Toshiba Corporation
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Segmental and Regional Analysis
- 8.9.4 Research and Development Expense
- 8.9.5 SWOT Analysis
- 8.10. General Electric Company
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 Research & Development Expense
- 8.10.5 SWOT Analysis
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