Below are some of the key findings from the industrial turbines market research report
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Global Industrial Turbines Industry Overview
The global automotive industry is evolving with the emergence of new technologies and development of new vehicles. In the last decade, electronic systems have replaced mechanical components in modern automobiles to a considerable extent. This can be attributed to the ever-growing need for increased information to the driver, lower emissions, and increased safety.
The development of autonomous vehicles is identified as one of the key emerging trends defining the global industrial turbines market. Autonomous cars are unmanned and navigate without human intervention by sensing their environment using devices such as radar, global positioning system (GPS), and ADAS. These cars are also known as self-driving cars, automated cars, and driverless cars. Overly complex working nature of autonomous cars has driven companies and OEMs to pool their R&D resources to design and develop successful prototypes that evolve over time to enhance the performance. The automotive industry is witnessing a structural shift in terms of the demand behavior of consumers. Industry experts have identified that the perception of car users toward car ownership is changing. People are shifting to cab services, carpooling, and car rentals because of the rising traffic congestions in urban cities. To adapt to the consumers’ behavioral shift, OEMs are focusing on advanced technologies. Owing to such factors the market is expected to grow at a CAGR of nearly 5% during the forecast period.
Top industrial turbines companies covered in this market research report
The industrial turbines market is moderately fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this industrial turbine industry analysis report will aid clients to identify new growth opportunities and plan better business strategies.
The report offers a complete analysis of various companies including:
- Ansaldo Energia
- BHEL
- GENERAL ELECTRIC
- Siemens
- Kawasaki Heavy Industries
- MITSUBISHI HEAVY INDUSTRIES
Industrial turbines market segmentation based on geographic regions
With a complete study of the growth opportunities for the companies, the APAC region will account for the highest growth of this market throughout the forecast period. However, EMEA held the largest share of the global industrial turbines market in 2017, accounting for a market share of approximately 46%.
Industrial turbines market segmentation based on products
- Gas turbines
- Steam turbines
The gas turbines product segment will account for the highest growth in the market. Additionally, the report also provides an accurate prediction of the contribution of the various products segments to the growth of the industrial turbines market size.
Key highlights of the global industrial turbines market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the industrial turbines market during the next five years
- Precise estimation of the global industrial turbines market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the industrial turbines industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of industrial turbines companies
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 05: MARKET SIZING
- Market definition
- Market sizing 2017
- Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 07: MARKET SEGMENTATION BY PRODUCT
- Segmentation by product
- Comparison by product
- Gas turbines – Market size and forecast 2017-2022
- Steam turbines – Market size and forecast 2017-2022
- Market opportunity by product
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
- Geographical segmentation
- Regional comparison
- APAC – Market size and forecast 2017-2022
- Americas – Market size and forecast 2017-2022
- EMEA – Market size and forecast 2017-2022
- Market opportunity
- Key leading countries
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Growth in the natural gas pipeline networks
- Technological innovations in gas turbines
- Growth of waste to energy plants
PART 13: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Ansaldo Energia
- BHEL
- GENERAL ELECTRIC
- Siemens
- Kawasaki Heavy Industries
- MITSUBISHI HEAVY INDUSTRIES
PART 15: APPENDIX