North America 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 North America Turbo Generator Market would witness market growth of 4.0% CAGR during the forecast period (2024-2031).
The US market dominated the North America Turbo Generator Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,508.6 million by 2031. The Canada market is experiencing a CAGR of 6.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 5.5% during (2024 - 2031).
Power plants employ a turbo generator to transform mechanical energy into electrical energy. A turbo generator typically consists of a turbine paired to a generator powered by steam, gas, or water flow. The generator creates electricity via electromagnetic induction due to the turbine's rotation.
Additionally, thermal power plants, hydroelectric power plants, and renewable energy sources, including geothermal and wind power, frequently use turbo generators.
The growing adoption of electric vehicles in Mexico is increasing electricity demand. As more EVs are deployed on the roads, the demand for electric charging infrastructure and electricity generation capacity is also increasing in Mexico. It provides backup power for EV charging stations and support expanding charging infrastructure across Mexico.
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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Turbo Generator Market, by Type
- 1.4.2 North America Turbo Generator Market, by End User
- 1.4.3 North America Turbo Generator Market, by Cooling System
- 1.4.4 North America 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. North America Turbo Generator Market by Type
- 4.1 North America Gas Turbine Generator Market by Country
- 4.2 North America Steam Turbine Generator Market by Country
- 4.3 North America Water Turbine Generator Market by Country
- Chapter 5. North America Turbo Generator Market by End User
- 5.1 North America Coal Power Plants Market by Country
- 5.2 North America Nuclear Power Plants Market by Country
- 5.3 North America Gas Power Plants Market by Country
- 5.4 North America Others Market by Country
- Chapter 6. North America Turbo Generator Market by Cooling System
- 6.1 North America Air Cooled Market by Country
- 6.2 North America Water Cooled Market by Country
- 6.3 North America Hydrogen Cooled Market by Country
- Chapter 7. North America Turbo Generator Market by Country
- 7.1 US Turbo Generator Market
- 7.1.1 US Turbo Generator Market by Type
- 7.1.2 US Turbo Generator Market by End User
- 7.1.3 US Turbo Generator Market by Cooling System
- 7.2 Canada Turbo Generator Market
- 7.2.1 Canada Turbo Generator Market by Type
- 7.2.2 Canada Turbo Generator Market by End User
- 7.2.3 Canada Turbo Generator Market by Cooling System
- 7.3 Mexico Turbo Generator Market
- 7.3.1 Mexico Turbo Generator Market by Type
- 7.3.2 Mexico Turbo Generator Market by End User
- 7.3.3 Mexico Turbo Generator Market by Cooling System
- 7.4 Rest of North America Turbo Generator Market
- 7.4.1 Rest of North America Turbo Generator Market by Type
- 7.4.2 Rest of North America Turbo Generator Market by End User
- 7.4.3 Rest of North America 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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