A
recently released report from Transparency Market Research (TMR)
forecasts that the global turbines market will grow at a CAGR of
4.89% between 2014 and 2020. TMR, a market intelligence firm, states
that by 2020, the global turbines market will reach US$191.87 billion
from US$135.68 billion in 2013. The report, titled ‘Turbines Market
- Global Industry Analysis, Market Size, Share, Growth, Trends and
Forecast 2014 - 2020’, is available for sale on the company
website.
Browse
Turbines Market Report with Full TOC at
http://www.transparencymarketresearch.com/turbines-market.html
According
to this research report, the global turbines market is driven by the
growing need for power all across the globe. The widespread adoption
of renewable energy for capacity expansion in the area of wind energy
is also a major factor that stimulates the global demand for
turbines. A turbine is a device that is built for efficient
generation of power via a viable source, which includes conventional
as well as non-conventional sources. The turbine blades can be driven
by feed materials such as wind and water. Commonly used sources are
fossil sources, such as natural gas and coal, whereas renewable
sources such as water and wind are gaining popularity, as there is a
shift of focus of the industrial sector towards environmental
sustainability.
This
TMR report segments the global turbines market on the basis of
product type, end users, and geography. On the basis of product type,
this market is segmented into hydropower turbines, steam turbines,
gas-based turbines, wind turbines, and nuclear turbines. With
numerous oilfield and infrastructure development projects in the
pipeline, the global market for steam turbines is anticipated to
expand robustly throughout the forecast period. The end users in the
global turbines market are power generation, power storage, the
marine industry, and the aeronautics industry.
Get
Inquiry About Report
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2873
Geographically,
the report segments the global turbines market into Asia Pacific,
North America, Europe, and Rest of the World. In 2013, in terms of
installed turbine capacity, Asia Pacific held a market share
exceeding 40%. With rapid growth of the hydrocarbons sector, coupled
with upcoming mega power projects, the demand for turbines will
increase robustly during the forecast period. There is also
substantial increase in the overall demand for heat and power all
over the world because of the growing global population. This, too,
acts a key demand driver for the global turbines market. However, the
glaring restraints on the global turbines market are the project site
issues that emerge because of the low tolerance for noise along with
the emission impact of turbines.
The
prominent companies in the global turbines market are Energy
Development Corporation, Mitsubishi Heavy Industries Ltd., Mannvit,
Sumitomo Corporation, Contact Energy, U.S. Geothermal Inc., Ram Power
Corporation, Alterra Power Corporation, Calpine Corporation, and Enel
Green Power, amongst others.
Browse
Article Of Turbines Market
http://www.transparencymarketresearch.com/article/turbines-market.htm
The
global turbines market has been segmented as below:
Global
Turbines Market: Product Type Analysis
- Hydropower
- Steam
- Gas-based
- Wind
- Nuclear
Global
Turbines Market: End User Industry Analysis
- Power Generation
- Power Storage
- Marine
- Aeronautics
Global
Turbines Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
Browse
TMR Blog Energy Reports :
http://www.tmrblog.com/search/label/Energy
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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