World Turbines Market

RESS RELEASE

April 8, 2013, 

NEW YORK, April 8, 2013 /PRNewswire via COMTEX/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

World Turbines Markethttp://www.reportlinker.com/p01158042/World-Turbines-Market.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Machine_Tool_and_Equipment

World demand to rise 6.5% annually through 2016

The world market for turbines and related products (turbine-based engines, generators, and generator sets) is forecast to rise 6.5 percent annually to $165 billion in 2016. This will represent a deceleration from the pace of the 2006-2011 period, primarily caused by a slowdown in sales of wind turbines. The global wind turbine market expanded at an annual rate in excess of 20 percent between 2001 and 2011 to become the single largest turbine product segment, ahead of turbine engines. Wind turbines will continue to be the fastest growing turbine product type through 2016, but a much higher base of existing capacity will keep growth to a more moderate level.

Demand for gas combustion turbines is expected to accelerate to a 7.3 percent annual growth rate through 2016. The market for gas turbines will benefit from the ongoing global shale gas boom. The development of shale resources in the US has led to significantly lower gas prices in North America. Over the next decade, as the US expands its infrastructure for exporting gas overseas and other countries develop their own shale resources, global gas prices should fall substantially as well. This will lead to increased investment in natural gas plants for power generation, spurring expanded demand for gas turbines.

China, US to remain key turbine markets

Between 2006 and 2011, the global turbine market in China posted a 28 percent annual growth rate, by far the fastest in the world. The largest of these gains occurred in the wind turbine market, which saw demand multiply by a factor of more than 10. China has become the largest market for wind turbines in the world, accounting for 43 percent of existing global capacity in MW terms at year-end 2011. The fastest growth in turbine demand will occur in Australia, which is investing heavily in wind power in order to reduce its dependence on carbon.

Central and South America will register the fastest turbine demand growth among world regions through 2016, increasing 7.8 percent per annum through that year. Gains in that region will be headed by Brazil, which represents a strong growth market for both power generation turbines and turbine-based aircraft engines.

The Africa/Mideast region will also post rapid gains, though it will remain a small regional market for turbine products. The US, which is the second largest national market for turbine products behind China, will grow at an aboveaverage pace through 2016, aided by an expanding market for gas turbines in power generation applications and continued healthy gains in demand for wind turbines. Mexico, fueled by increasing development of wind power, will be the second fastest growing market for turbine products worldwide through 2016. Western Europe will remain the slowest growing regional market for turbine products, largely due to the maturity of its wind energy sector. However, the region still holds significant potential for offshore wind power, and gains in wind turbine demand will accelerate relative to the 2006-2011 period.

Study coverage

Details on these and other findings are contained in this upcoming Freedonia industry study, World Turbines, available for $6100. It presents historical demand data (2001, 2006 and 2011) as well as forecasts for 2016 and 2021 by turbine type, application, world region, and for 22 countries. The study also assesses market environment factors, evaluates company market share, and profiles industry competitors worldwide, such as Alstom, GE Aviation, GE Energy, Rolls- Royce, SAFRAN, Siemens, Vestas, and United Technologies.

TABLE OF CONTENTS

INTRODUCTION xi

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4World Population Outlook 5World Economic Overview 6Recent Historical Trends 6World Economic Outlook 8World Industrial Overview 12World Manufacturing Outlook 13World Fixed Investment Outlook 15Aerospace Equipment Manufacturing Trends 17World Electric Power Generation Outlook 21Electricity Generation 21Distributed Power/Micropower 23World Wind Energy Overview 24Turbine Pricing Patterns 26Turbine Technology Trends 28Basic Turbine Operation & Actuation Methods 29Alternative/Competitive Power Sources 31Photovoltaics 32Fuel Cells 33Environmental & Regulatory Issues 35

III. OVERVIEW 38

General 38World Turbine Markets 39Regional Markets 41Applications 43Electric Power Generation 45Aircraft Engines 47Marine & Other 53Products 54Wind 56Gas Combustion 60Steam & Hydraulic 63Turbine Engines 66Turbine Generators & Generator Sets 70World Turbine Production 72International Trade 75

IV. NORTH AMERICA 78

General 78Supply & Demand 79Outlook & Suppliers 81United States 84Canada 92Mexico 98

V. WESTERN EUROPE 104

General 104Supply & Demand 105Outlook & Suppliers 108Belgium 110Denmark 115France 120Germany 126Italy 132Netherlands 137Spain 142Sweden 148Switzerland 152United Kingdom 157Other Western Europe 163

VI. ASIA/PACIFIC 168

General 168Supply & Demand 169Outlook & Suppliers 171Australia 173China 178India 187Japan 193South Korea 200Other Asia/Pacific 206

VII. OTHER REGIONS 212

Central & South America 212General 212Supply & Demand 213Outlook & Suppliers 215Brazil 217Other Central & South America 223Eastern Europe 227General 227Supply & Demand 228Outlook & Suppliers 231Czech Republic 232Poland 237Russia 242Other Eastern Europe 248Africa/Mideast 254General 254Supply & Demand 255Outlook & Suppliers 257

VIII. INDUSTRY STRUCTURE 260

General 260Industry Composition & Market Share 263Electric Power Generation 265Aircraft Engines 267Product Development & Manufacturing 269Marketing & Distribution 270Financial Issues & Requirements 271Mergers & Acquisitions 273Cooperative Agreements 277Company Profiles 301ABB Limited 302Acciona SA 304Alstom SA 306Ansaldo Energia, see FinmeccanicaAvio SpA 310Bharat Heavy Electricals Limited 317BHEL-GE Gas Turbine Services, see Bharat HeavyElectricals and General ElectricCapstone Turbine Corporation 319Caterpillar Incorporated 321CFE, see General Electric and Honeywell InternationalCFM International, see General Electric and SAFRANChina Chang Jiang Energy Corporation 324Dongfang Electric Corporation 326Doosan Heavy Industries and ConstructionCompany Limited 328Dresser-Rand Group Incorporated 331Enercon GmbH 334Engine Alliance, see General Electric and UnitedTechnologiesEPI Europrop International, see MTU Aero EnginesHolding, Rolls-Royce Holdings, and SAFRANEUROJET Turbo, see Avio, MTU Aero Engines Holding,and Rolls-Royce HoldingsEUTurbines, see Alstom, Caterpillar, Doosan HeavyIndustries and Construction, Dresser-Rand Group,Finmeccanica, General Electric, MAN, Rolls-RoyceHoldings, and SiemensFamat, see General Electric and SAFRANFinmeccanica SpA 335Gamesa Corporaci�n Tecn�logica SA 338GE Aviation, see General ElectricGE Honda Aero Engines, see General ElectricGeneral Electric Company 340GKN plc 351Hamilton Sundstrand, see United TechnologiesHitachi Limited 357Hitachi Mitsubishi Hydro, see Hitachi and MitsubishiHeavy IndustriesHoneywell International Incorporated 360IAE International Aero Engines, see IHIIHI Corporation 363L&T-MHI Turbine Generators Private, see MitsubishiHeavy IndustriesLight Helicopter Turbine Engine, see HoneywellInternational and Rolls-Royce HoldingsMAN SE 367Microturbo, see SAFRANMitsubishi Heavy Industries Dongfang Gas TurbineGuangzhou, see Dongfang Electric and MitsubishiHeavy IndustriesMitsubishi Heavy Industries Limited 370MTU Aero Engines Holding GmbH 377MTU Turbomeca Rolls-Royce, see MTU Aero EnginesHolding, Rolls-Royce Holdings, and SAFRANMTU Turbomeca Rolls-Royce ITP, see MTU AeroEngines Holding and Rolls-Royce HoldingsNordex SE 385Pratt & Whitney, see United TechnologiesREpower Systems, see Suzlon EnergyRolls-Royce Holdings plc 388Rolls-Royce Snecma, see Rolls-Royce Holdingsand SAFRANRolls-Royce Turbomeca, see Rolls-Royce Holdingsand SAFRANSAFRAN SA 398Siemens AG 406Sinovel Wind Group Company Limited 410Skoda Power sro, see Doosan Heavy Industriesand ConstructionSnecma, see SAFRANSolar Turbines, see CaterpillarSuzlon Energy Limited 412Techspace Aero, see SAFRANTidal Generation, see AlstromToshiba Corporation 416Toshiba GE Turbine Components, see General Electricand ToshibaToshiba GE Turbine Services, see General Electricand ToshibaToshiba IHI Power Systems, see IHI and ToshibaTurbo-Union, see Avio, MTU Aero Engines Holding,and Rolls-Royce HoldingsTurbomeca, see SAFRANUnited Technologies Corporation 420VENSYS Energy, see Xinjiang Goldwind Science& TechnologyVericor Power Systems, see MTU Aero Engines HoldingVestas Wind Systems A/S 429Voith GmbH 433Voith Hydro Holding, see Siemens and VoithVolvo AB 436Volvo Aero, see GKNXian Avio XAE Aviation Components, see AvioXinjiang Goldwind Science & TechnologyCompany Limited 437

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 World Population by Region 62 World Gross Domestic Product by Region 123 World Manufacturing Value Added by Region 154 World Fixed Investment by Region 175 World Aerospace Equipment Shipments by Region 206 World Electric Power Generation by Region 237 World Wind Power by Country, 2011 26

SECTION III -- OVERVIEW

1 World Turbine Product Demand by Region 422 World Turbine Product Demand by Application 443 World Electric Power Generation Turbine Product Demandby Region 474 World Turbine-Based Aircraft Engine Demand by Region 495 Turbine Engine Producers for Selected Aircraft 506 World Marine & Other Applications Turbine Product Demandby Region 547 World Turbine Product Demand by Type 558 World Wind Turbine Demand by Region 609 World Gas Combustion Turbine Demand by Region 6310 World Steam & Hydraulic Turbine Demand by Region 6611 World Turbine Engine Demand by Region 7012 World Turbine Generator & Generator Set Demand by Region 7213 World Turbine Product Shipments by Region 7414 World Turbine Product Net Exports by Region 77

SECTION IV -- NORTH AMERICA

1 North America: Turbine Product Supply & Demand 812 North America: Turbine Product Demand by Application 833 United States: Turbine Product Supply & Demand 884 United States: Turbine Product Demand by Application 915 Canada: Turbine Product Supply & Demand 956 Canada: Turbine Product Demand by Application 977 Mexico: Turbine Product Supply & Demand 1018 Mexico: Turbine Product Demand by Application 103

SECTION V -- WESTERN EUROPE

1 Western Europe: Turbine Product Supply & Demand 1082 Western Europe: Turbine Product Demand by Application 1103 Belgium: Turbine Product Supply & Demand 1134 Belgium: Turbine Product Demand by Application 1155 Denmark: Turbine Product Supply & Demand 1186 Denmark: Turbine Product Demand by Application 1207 France: Turbine Product Supply & Demand 1238 France: Turbine Product Demand by Application 1259 Germany: Turbine Product Supply & Demand 12910 Germany: Turbine Product Demand by Application 13211 Italy: Turbine Product Supply & Demand 13512 Italy: Turbine Product Demand by Application 13713 Netherlands: Turbine Product Supply & Demand 14014 Netherlands: Turbine Product Demand by Application 14215 Spain: Turbine Product Demand Supply & Demand 14516 Spain: Turbine Product Demand by Application 14717 Sweden: Turbine Product Supply & Demand 15018 Sweden: Turbine Product Demand by Application 15219 Switzerland: Turbine Product Supply & Demand 15520 Switzerland: Turbine Product Demand by Application 15721 United Kingdom: Turbine Product Supply & Demand 16022 United Kingdom: Turbine Product Demand by Application 16223 Other Western Europe: Turbine Product Supply & Demand 16524 Other Western Europe: Turbine Product Demandby Application 167

SECTION VI -- ASIA/PACIFIC

1 Asia/Pacific: Turbine Product Supply & Demand 1712 Asia/Pacific: Turbine Product Demand by Application 1733 Australia: Turbine Product Supply & Demand 1764 Australia: Turbine Product Demand by Application 1785 China: Turbine Product Supply & Demand 1826 China: Turbine Product Demand by Application 1877 India: Turbine Product Supply & Demand 1918 India: Turbine Product Demand by Application 1939 Japan: Turbine Product Supply & Demand 19710 Japan: Turbine Product Demand by Application 20011 South Korea: Turbine Product Supply & Demand 20312 South Korea: Turbine Product Demand by Application 20513 Other Asia/Pacific: Turbine Product Supply & Demand 20914 Other Asia/Pacific: Turbine Product Demand by Application 211

SECTION VII -- OTHER REGIONS

1 Central & South America: Turbine Product Supply & Demand 2152 Central & South America: Turbine Product Demandby Application 2173 Brazil: Turbine Product Supply & Demand 2204 Brazil: Turbine Product Demand by Application 2225 Other Central & South America: Turbine Product Supply& Demand 2256 Other Central & South America: Turbine Product Demandby Application 2277 Eastern Europe: Turbine Product Supply & Demand 2308 Eastern Europe: Turbine Product Demand by Application 2329 Czech Republic: Turbine Product Supply & Demand 23510 Czech Republic: Turbine Product Demand by Application 23711 Poland: Turbine Product Supply & Demand 24012 Poland: Turbine Product Demand by Application 24213 Russia: Turbine Product Supply & Demand 24514 Russia: Turbine Product Demand by Application 24815 Other Eastern Europe: Turbine Product Supply & Demand 25116 Other Eastern Europe: Turbine Product Demandby Application 25317 Africa/Mideast: Turbine Product Supply & Demand 25718 Africa/Mideast: Turbine Product Demand by Application 259

SECTION VIII -- INDUSTRY STRUCTURE

1 Turbine Product Sales by Company, 2011 2622 Selected Acquisitions & Divestitures 2753 Selected Cooperative Agreements 280

LIST OF CHARTS

SECTION III -- OVERVIEW

1 World Turbine Product Demand by Region, 2011 432 World Turbine Product Demand by Application, 2011 453 World Turbine Product Demand by Type, 2011 564 World Turbine Product Shipments by Region, 2011 75

SECTION VIII -- INDUSTRY STRUCTURE

1 World Turbine Product Market Share by Company, 2011 2642 World Electric Power Generation Turbine Market Share byCompany, 2011 2663 World Turbine-Based Aircraft Engine Market Shareby Company, 2011 269

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