Turbine Market in the US to grow at a CAGR of 0.9% in terms of installations over the period 2014-2019; Finds New Report

Report forecast the turbine market in the US to grow at a CAGR of 0.9% in terms of installations over the period 2014-2019.

A turbine is a mechanical device consisting of revolving rotors and blades that transforms rotational energy into usable energy. The fluid used for the rotation can be steam, gas, or other combustion products such as CO2 and carbon monoxide. There are three types of turbines namely steam turbines, gas turbines, and CCGT. Steam turbines extract thermal energy from steam and converts it into mechanical energy. Gas turbines are generally used in gas-fired power plants wherein an internal combustion engine is placed, in which the fuel is mixed with air and ignited. Because of the growing awareness about the environmental pollution caused by thermal power plants, most of the newly constructed gas-fired power plants are CCGT plants.

The turbine market in the US can be segmented into three divisions: steam turbines, gas turbines, and CCGT.

According to the report, shale gas plays a crucial role in electricity generation in the US. It is the most abundant source of natural gas and it plays an important role in catering to the overall energy demand in the country. A major portion of the US' energy needs is met by gas-fired power plants, which are on the rise, fueling demand for CCGT, gas, and steam turbines. The country is one of the largest exporters of shale gas, which will benefit the CCGT and gas turbine markets.

Further, the report states that variation in fuel quality is one of the major operational concerns associated with gas and steam turbines, as it can cause system failure.

Turbine Market in the US 2014-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the turbine market in the US: Alstom, DresserRand, Elliot Group, General Electric and Westinghouse

Other Prominent Vendors in the market are: Cooper Rolls-Coberra, Stewart & Stevenson Power Products, United Ring & Seal, Duraflex and J B Tool Die & Engineering

Market Driver

• Availability of Shale Gas
• For a full, detailed list, view our report

Market Challenge

• High Capital Costs
• For a full, detailed list, view our report

Market Trend

• Acquisitions by Leading Manufacturers
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 82 pages and 39 Exhibits “Turbine Market in the US 2015-2019” report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Key highlights, Market Landscape, Market Segmentation by Type, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

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