市場調查報告書
商品編碼
1400710
全球渦輪機市場評估:按類型、功率範圍、最終用途產業、地區、機會、預測(2017-2031)Turbines Market Assessment, By Type, By Power Range, By End-user Industry, By Region, Opportunities and Forecast, 2017-2031F |
全球渦輪機市場規模預計到2023年將達到997億美元,到2031年將達到1,389.9億美元,2024-2031年預測期間複合年增長率為4.24%。
能源需求的增加、渦輪機技術的進步以及世界向永續能源的轉變推動了渦輪機的普及。市場成長的驅動因素包括增加對電力基礎設施的投資、更加關注清潔能源解決方案以及航空航太業的持續擴張。
由於多種因素,對渦輪機的投資正在增加。不斷增長的能源需求和向永續實踐的轉變正在推動渦輪機技術的資金增加。世界各國政府都在激勵清潔能源並鼓勵對風力和水力渦輪機的投資。此外,渦輪機效率和可靠性的提高也有助於增強投資者的信心。此外,航空航太和海運業的擴張刺激了對燃氣渦輪機的需求。這些綜合因素正在推動投資激增,並將渦輪機定位為各行業的關鍵零件。
風力渦輪機的出現徹底改變了發電產業,並顯著推動了市場成長。這種轉變的推動因素包括風電成本下降、風力渦輪機製造商之間的競爭加劇、環境問題的增加推動向再生能源的轉變,以及提高渦輪機效率和輸出的技術進步。由於這些驅動因素,風力渦輪機比傳統的基於化石燃料的發電方法變得更具成本效益,使其成為對能源生產商和消費者都有吸引力的選擇。
燃氣渦輪機的廣泛使用刺激了全球渦輪機市場的顯著成長。這種擴張是由於對高效、可靠的發電解決方案的需求不斷增長、對天然氣優於傳統化石燃料的嚴格環境法規以及提高渦輪機性能和減少排放的技術進步而推動的,這是由多種因素造成的。因此,燃氣渦輪機在各種發電應用中變得越來越受歡迎,包括聯合循環發電廠、工業發電系統以及石油和天然氣處理設施。
渦輪機在石油和天然氣行業中發揮著至關重要的作用,為各種流程和任務提供動力。不斷增長的能源需求正在推動石油和天然氣的勘探和生產,導致對渦輪機為這些過程提供動力的需求增加。此外,嚴格的環境法規的執行刺激了更有效率、更清潔的渦輪機技術的發展,使渦輪機成為石油和天然氣公司的首選。
由於工業化和基礎設施發展等多種因素,亞太地區正在引領全球渦輪機市場。這些因素導致電力需求激增以及對新發電廠的需求增加。此外,中國和印度等許多亞太國家的政府政策鼓勵使用再生能源,例如基於渦輪機的風能和太陽能。由於這些因素,亞太地區已成為全球最大的渦輪機市場,佔全球渦輪機銷售量的50%以上。
政府舉措正在對全球渦輪機市場產生重大影響。這些措施透過提供財務誘因、投資研發以及簡化監管流程,有助於加速渦輪機的使用。因此,全球渦輪機市場近年來呈現快速成長,預計未來將持續成長。
在 COVID-19 大流行之前,全球渦輪機市場相對穩定。對可靠、高效發電的需求以及再生能源的日益普及推動了對渦輪機的需求。市場得到了政府促進再生能源使用和能源效率政策的支持。然而,COVID-19 大流行的出現對全球渦輪機市場產生了重大影響。由於供應鏈中斷以及旅行限制限制了工人和設備的流動,疫情的最初衝擊波導致 2020 年渦輪機安裝量下降。然而,隨著各國政府實施經濟刺激計畫以及再生能源需求強勁成長,疫情後市場開始復甦。儘管面臨這些挑戰,但由於向再生能源的過渡以及對高效可靠電源的需求不斷增加,市場的長期前景仍然樂觀。
本報告研究和分析了全球渦輪機市場,提供市場規模和預測、市場動態以及主要參與者的現狀和前景。
Global turbines market size was valued at USD 99.7 billion in 2023, which is expected to reach USD 138.99 billion in 2031, with a CAGR of 4.24% for the forecasted period between 2024 and 2031.
Turbines offer efficient energy conversion, crucial in power generation, aerospace, and renewables like wind and hydropower. Turbines are pivotal in addressing energy needs and reducing the overall environmental impact, connecting them to diverse sectors and the evolving energy landscape. The widespread use of turbines is propelled by the increasing energy demand, advancements in turbine technology, and a global shift towards sustainable energy sources. The factors driving the market growth include the rise in investments in power infrastructure, a prominent focus on cleaner energy solutions, and the continuously expanding aerospace industry.
Investments in turbines are on the rise due to several factors. Growing energy demand and a shift towards sustainable practices prompt increased funding in turbine technologies. Governments worldwide are incentivizing clean energy and fostering investment in wind and hydropower turbines. Moreover, advancements in turbine efficiency and reliability contribute to an improvement in the confidence of the investor. Additionally, the expanding aerospace and marine industries are fueling the demand for gas turbines. These combined factors drive a surge in investments, positioning turbines as key components in diverse sectors.
The emergence of wind turbines is revolutionizing the power generation industry, thereby driving market growth significantly. The transformation stems from several factors, including the declining cost of wind power, intensifying competition among wind turbine manufacturers, growing environmental concerns prompting a shift towards renewable energy sources, and technological advancements that enhance turbine efficiency and output. As a result of these driving forces, wind turbines are becoming increasingly cost-efficient with traditional fossil fuel-based power generation methods, making them a more attractive option for both energy producers and consumers.
In May 2023, GE Vernova announced its plan to invest USD 50 million in its Schenectady, New York facility to capitalize on the flourishing wind energy market in North America. This investment would enable the production of critical components for GE Vernova's 6.1 MW wind turbine, specifically the machine head, hub, and drive train.
The widespread adoption of gas turbines is fueling significant growth in the global turbine market. This expansion is driven by a plethora of factors, including the increasing demand for efficient and reliable power generation solutions, stringent environmental regulations favoring natural gas over conventional fossil fuels, and technological advancements that enhance turbine performance and reduce emissions. As a result, gas turbines are becoming increasingly prevalent in various power generation applications, including combined cycle power plants, industrial power generation systems, and oil and gas processing facilities.
In October 2023, Mitsubishi Power Americas collaborated with the Grand River Dam Authority to install the first M501JAC gas turbine in the United States for peak applications. The advanced-class turbine is expected to replace the last remaining coal-fired unit at the Grand River Energy Center, enhancing operational flexibility and grid stability.
Turbines play a pivotal role in the oil and gas industries, driving various processes and operations. Growing demand for energy is driving the exploration and production of oil and gas, consequently increasing the need for turbines to power these processes. Also, the implementation of strict environmental regulations has stimulated the development of more efficient and cleaner turbine technologies, making them a top choice for oil and gas companies.
In October 2023, Oil and Natural Gas Corporation (ONGC) hosted a roadshow at Hotel Le Royal Meridien in Abu Dhabi to seek partnerships with global oil and gas companies for offshore oil and gas projects in India. The roadshow would provide valuable insights into business opportunities within India's offshore oil and gas infrastructure sector. ONGC, aligning with the changing energy landscape, has outlined its ambitious Energy Strategy 2040. This plan emphasizes ONGC's commitment to double oil and gas production.
Asia-Pacific led the global turbines market due to several factors, including industrialization and infrastructure development. These factors led to a surge in electricity demand, which in turn drove the demand for new power plants. Furthermore, government policies in many Asia-Pacific countries, like China and India, promoted the use of renewable energy sources, such as wind and solar power that utilize turbines. As a result of these factors, Asia-Pacific became the world's largest turbine market, accounting for more than 50% of global turbine sales.
In November 2023, Goldwind achieved a remarkable feat by installing its massive 16 MW offshore wind turbine in a record-breaking 24 hours.
Government initiatives have had a significant impact on the global turbines market. These initiatives have helped promote turbines' use by providing financial incentives, investing in research and development, and streamlining regulatory processes. As a result, the global turbines market has grown rapidly in recent years and is expected to continue its growth over the years to come.
In May 2022, GE Steam Power secured a USD 165 million contract with BHEL to provide three nuclear steam turbines for NPCIL's Phase 1 domestic nuclear program, which is being built in Gorakhpur, Haryana (units 1 to 4 (GHAVP)) and Kaiga, Karnataka (Kaiga-5&6). The program involves the construction of 12 units of 700 MWe using NPCIL's own Pressurized Heavy Water Reactors (PHWR) nuclear reactor technology. It would provide India with 8.4GW of carbon-free electricity, to power over 14 million homes.
The global turbines market was relatively stable before the COVID-19 pandemic. Demand for turbines was driven by the need for reliable and efficient power generation, as well as the growing popularity of renewable energy sources. The market was supported by government policies that promoted the use of renewable energy and energy efficiency. However, the advent of the COVID-19 pandemic had a significant impact on the global turbines market. The pandemic's initial shockwave led to a decline in turbine installations in 2020, as supply chains were disrupted, and travel restrictions limited the movement of workers and equipment. However, the market is beginning to recover after the pandemic as governments are implementing stimulus measures and demand for renewable energy is rising at an extensive rate. Despite these challenges, the long-term outlook for the market remains positive, driven by the transition to renewable energy and increasing demand for efficient and reliable power sources.
The ongoing Russia-Ukraine war had a significant impact on the global turbines market, disrupting supply chains, increasing energy prices, and prompting a shift towards renewable energy sources. The war led to sanctions on Russia, which is one of the world's largest exporters of natural gas, causing energy prices to soar and forcing the European countries to seek alternative energy sources.
It in turn, has created ample opportunities for the turbine market, as countries are increasingly turning to renewable energy sources such as wind and solar power to reduce their reliance on fossil fuels. Moreover, the war has disrupted supply chains for turbines and other energy equipment, which has led to delays in project development and increased costs. Despite these challenges, the long-term outlook for the global turbines market remain positive, as the transition to renewable energy is expected to continue in the years to come.
The turbine industry is experiencing a surge in innovation as major players pour resources into wind, steam, and gas turbine development. These companies are actively pursuing acquisitions, partnerships, and collaborations to expand their market presence and drive profitability. Moreover, this dynamic environment is fostering rapid advancements and accelerating the overall growth of the turbine industry.
In September 2023, through a minority stake investment in WindESCo, ABB gained access to the company's cutting-edge asset performance monitoring software and wake optimization solution. This partnership will enable ABB to offer a complete wind energy solution to its customers, encompassing both hardware and software components.
In July 2023, BHEL and GE Vernova extended their long-standing partnership to manufacture heavy-duty gas turbines. The collaboration would enhance BHEL's ability to provide advanced gas turbine technology and meet the power plant demands of its customers.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.