印度渦輪發電機市場評估：按冷卻類型、最終用戶和地區的機會和預測（2018-2032）

印度渦輪發電機市場規模預計將從2024年的6.4748億美元成長到2032年的8.7258億美元，預測期內年複合成長率為 3.80%。

由於多種因素，包括快速工業化、政府擴大發電能力、電力消耗增加以及轉向清潔能源等多種因素，印度對渦輪發電機的需求上升。隨著印度經濟和工業的持續成長，渦輪發電機在該國生產永續能源方面發揮著非常重要的作用。基礎設施現代化、再生能源發電計畫、農村電氣化和大型發電計畫的投資也推動印度高效渦輪發電機市場的發展。

渦輪發電機支持向清潔能源的過渡。渦輪發電機目的是管理天然氣等清潔燃料並減少對化石燃料的依賴，在預測期內擴大市場規模。此外，即將推出的現代化渦輪發電機將用於超臨界和超超臨界燃煤電廠，以幫助降低燃料消耗和減少排放。該設備將提高現有火力發電廠的性能，以滿足環境和永續發展目標，這將推動預測期內對渦輪發電機的需求。

本報告調查了印度渦輪發電機市場，提供市場的定義和概述，市場成長的各種影響因素分析，市場規模推移和預測，各種區分、地區/主要國家的細分，競爭環境，主要企業概況等彙整資料。

目錄

第1章 專案範圍與定義

第2章 研究方法

第3章 執行摘要

第4章 顧客回饋

• 做出購買決定時考慮的因素

第5章 印度渦輪發電機市場展望

• 市場規模分析與預測
• 市場佔有率分析/預測
  • 依冷卻類型
  • 依最終用戶
  • 依地區
  • 公司市場佔有率分析
• 市場地圖分析

第6章 波特五力分析

第7章 PESTLE 分析

第8章 市場動態

• 市場驅動因素
• 市場挑戰

第9章 市場趨勢與發展

第10章 競爭態勢

• 前5名市場領導者的競爭矩陣
• 前5名的公司的SWOT 分析
• 前10名主要企業狀況
  • Bharat Heavy Electricals Limited
  • L&T-MHI Power Turbine Generators Private Limited
  • GE Power India Limited
  • Weg Industries (India) Pvt. Ltd.
  • Arani Power Systems Limited
  • Siemens Limited
  • ANDRITZ HYDRO Pvt. Ltd.
  • ABB India Limited

第11章 策略建議

第12章 關於本公司/免責聲明

India turbo generators market is projected to witness a CAGR of 3.80% during the forecast period FY2025-FY2032, growing from USD 647.48 million in FY2024 to USD 872.58 million in FY2032. The demand for turbo generators in India is on the rise based on various factors such as rapid industrialization, government initiatives to expand power generation capacity, rising electricity consumption, and the shift toward cleaner energy sources. As India continues to grow economically and industrially, the role of turbo generators is becoming crucial to produce sustainable energy in the country. Moreover, investments in infrastructure modernization, renewable energy projects, rural electrification, and large-scale power projects are fostering the efficient turbo generator market in India.

Turbo generators are supporting the country in the transition to cleaner energy. The generators are designed to manage cleaner fuels, such as natural gas, and reduce reliance on fossil fuels, which boosts the turbo generators market size in the forecast period. Furthermore, the upcoming modernized turbo generators will be used in supercritical and ultra-supercritical coal plants to assist in reducing fuel consumption and lowering emissions. The equipment improves the performance of existing thermal plants to meet environmental and sustainability targets, which will drive the demand for turbo generators in the forecast years.

For instance, in September 2024, Adani Power is planning to triple the capacity of its Kawai power plant in Rajasthan with an investment of around USD 2.14 billion (INR 18,000 crore). This development will help the upliftment of turbo generators in India.

Growing Use of Gas, Coal, and Combined Cycle Power Plants to Drive Market Growth

India is gradually looking to shift from coal-dominated power generation power plants to cleaner power plants such as natural gas. Investment in combined cycle power plants (CCPP) is on the rise as plants use gas and steam turbines to generate mechanical energy. The demand for turbo generators is high in combined cycle power plants (CCPP) as generators convert mechanical energy from the turbines into green electrical energy.

As power plants have adopted natural gas to meet stringent emission standards and comply with global climate goals, it has resulted in elevated demand for the turbo generators market. Furthermore, India is modernizing the combined cycle power plants (CCPP) sector by upgrading its existing power plants with supercritical and ultra-supercritical technologies to improve efficiency and reduce emissions, driving the demand for new high-capacity turbo generators. For performance improvement of existing thermal plants, the turbo generators will play a critical role in increasing energy efficiency and reducing operational costs.

With the rise in global pressure and domestic policies for the reduction of greenhouse gas emissions, India is encouraging the adoption of low-carbon energy technologies for power generation. Turbo generators are designed to operate on cleaner energy systems, including natural gas-fired plants and carbon capture-enabled systems, which help meet environmental standards and maintain high efficiency of power generation.

For instance, in July 2024, the Indian government will be supporting the opening of a coal-fired generation plant with an investment of around USD 33 billion. With the opening of new thermal plants, the country will increase the demand for turbo generators. This development will help the turbo generator market to grow in the forecast years.

Infrastructure Modernization and Electrification to Drive Market Growth

The ongoing industrial growth and rapid urbanization are driving a significant rise in the demand for electricity. India's power infrastructure is undergoing significant modernization to improve efficiency, reliability, and capacity. Several existing power plants, particularly coal-based thermal plants, are aging and require upgrades or replacements to meet modern standards of efficiency and emission control, driving the demand for turbo generators in the market.

Moreover, as India develops on a large scale due to increased investment in the manufacturing sector, industries such as steel, cement, and petrochemicals are growing rapidly. This growth boosts the demand for reliable power sources. With the rise in the requirement for reliable and efficient power supplies from thermal power plants, combined heat and power (CHP) systems and natural gas plants boost the demand for turbo generators in the market.

To meet the energy demands of growing urban and industrial centers, India is investing in new power plants and modernizing existing ones, thereby, the rise in the demand for turbo generators is expected. Large thermal power plants rely especially on turbo generators to ensure continuous power supply while minimizing energy losses.

For instance, in February 2024, as per the Invest India report, the government of India decided to allocate around 3.3% of GDP for the development of the infrastructure sector in FY2024, with a particular focus on the transport and logistics segments. With the development of new infrastructure, the increase in demand for reliable power sources in the country will boost the turbo generators market in the power sector in the forecast years.

Government Initiatives to Expand Power Generation Capacity

The government of India has been making significant strides toward adopting renewable energy sources, such as solar, wind, and biomass, as a part of the transition to cleaner and more sustainable power sources. The new renewable power plants require turbo generators to convert mechanical energy into electrical power. Turbo generators are widely used in thermal plants for the integration into hybrid systems that combine renewable energy with conventional sources.

India includes the development of power plants, including ultra-mega power projects (UMPPs) and supercritical coal plants. The expansion of power generation capacity will require highly efficient and durable turbo generators. Large-scale investments by the government in energy infrastructure development, including nuclear power projects and energy plants, that create the opportunity for turbo generator technologies are expected to grow in the market. In the forecast years, the country will be contributing towards the development of mega power projects to meet the energy needs, which will create the demand for the turbo generators market to rise in the forecast period. Moreover, the government promotes natural gas power plants in the country. Expansion of gas-based power plants will drive the turbo generators market size in the forecast years.

For instance, in July 2024, the government of India decided to achieve around 50 percent of the cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030. This development will help to boost the demand for efficient turbo generators in the market.

Air-cooled Turbo Generators to Dominate India Turbo Generator Market Share

Air-cooled turbo generators have a high adoption rate, which makes the segment dominate the market share. Air-cooled turbo generators are more affordable to install and operate. Moreover, air-cooled generators are simpler to build and transport which is why turbo generators have become a preferred choice for industries and power plants for energy production. Air-cooled turbo generators are often utilized in captive power plants used by industries, renewable energy facilities, and industrial cogeneration systems.

The air-cooled turbo generator systems provide the flexibility to operate in off-grid or remote locations without the need for a nearby water source, which makes the system suitable for the diverse geographical and industrial landscape in India. Additionally, policies support renewable energy and decentralized power generation, which aligns with the deployment of air-cooled generators, boosting the demand for turbo generators in the market. The benefits provided by the air-cooled turbo generator in industries drive the demand in the market.

Air-cooled generators are becoming more popular in the country as they are particularly designed for small-scale power plants and decentralized energy systems applications. Air-cooled generators have lower maintenance requirements compared to water-cooled systems, which drives the demand for air-cooled turbo generators in the market.

As per the report published by the Ministry of Power, in India, total power generation increased by more than 8% year-on-year in FY2021-FY2022 and by 9% in FY2022-FY2023. With the rise in power production in the country, demand for turbo generators in power plants is expected to rise in the forecast years.

West and Central Region to Dominate the Turbo Generators Market Share

The western and central regions dominate the turbo generator market share. The west and central comprise developing states that are largely investing in reliable energy sectors, driving the demand for the turbo generator market in the region. Several states are making investments to increase power generation capacity and economic growth. Governments and higher authorities of states are investing heavily in building new power plants, including coal, natural gas, hydro, nuclear, and renewable energy plants, which are creating the demand for turbo generators in the Indian market.

Furthermore, the rise in investment in renewable energy projects, such as concentrated solar power (CSP) plants, will contribute to creating the opportunity for the turbo generators market in the forecast period.

For instance, in February 2024, two new nuclear reactors with a total energy capacity of 1.4 GW are set to open in the Indian state of Gujarat. With the opening of the new power plant, the region is expected to increase the demand for highly efficient turbo generators in the coming years.

Future Market Scenario (FY2025 - FY2032F)

The growing preference for natural gas and combined cycle technology will drive the demand for turbo generators designed to operate in high-efficiency gas plants.

Retrofitting existing plants for the improvement in production performance, reducing emissions, and extending the operational lifespan of plants will increase the demand for high-efficiency turbo generators in the market.

India is investing in decentralized power generation systems, including microgrids and small power plants, especially in remote areas with limited grid connectivity, which creates the demand for turbo generators in the forecast period.

Key Players Landscape and Outlook

In the turbo generators market, companies compete to outperform in terms of the production of high-quality turbo generators. Turbo generator manufacturers are concerned with supply chain resilience, energy efficiency, power plant production capacity, and environmental practices, which will define the industry's future. Manufacturers are highly focused on technological advancements, strategic partnerships, localization, and customer-centric solutions, which will help them increase their market share. Leading companies are focusing on developing high-efficiency turbo generators that could operate under different conditions. Companies are investing in innovations to meet the Indian government's stringent environmental regulations aimed at reducing carbon emissions. The upcoming production expansion, collaborations, joint ventures, agreements, and developing technologies are projected to increase competition in the fast-paced market.

For instance, in July 2024, National Thermal Power Corporation (NTPC) and Bharat Heavy Electricals Limited (BHEL) jointly set up a highly efficient 800 megawatts Advanced Ultra-supercritical (AUSC) thermal power plant, which increased the demand for turbo generators in the market.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Factors Considered in Purchase Decisions
  • 4.1.1. Performance and Reliability
  • 4.1.2. Technological Innovation
  • 4.1.3. Customer Service and Support
  • 4.1.4. Customization and Safety
  • 4.1.5. Installation and Setup
  • 4.1.6. Brand Reputation

5. India Turbo Generators Market Outlook, FY2018-FY2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Cooling Type
    • 5.2.1.1. Air-cooled Turbo Generator
    • 5.2.1.2. Hydrogen-cooled Turbo Generator
    • 5.2.1.3. Water-cooled Turbo Generator
  • 5.2.2. By End-user
    • 5.2.2.1. Coal Power Plant
    • 5.2.2.2. Gas Power Plant
    • 5.2.2.3. Nuclear Power Plant
    • 5.2.2.4. Others
  • 5.2.3. By Region
    • 5.2.3.1. North
    • 5.2.3.2. South
    • 5.2.3.3. East
    • 5.2.3.4. West and Central
  • 5.2.4. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
• 5.3. Market Map Analysis, FY2024
  • 5.3.1. By Cooling Type
  • 5.3.2. By End-user
  • 5.3.3. By Region

All segments will be provided for all regions covered

6. Porter's Five Forces Analysis

7. PESTLE Analysis

8. Market Dynamics

• 8.1. Market Drivers
• 8.2. Market Challenges

9. Market Trends and Developments

10. Competitive Landscape

• 10.1. Competition Matrix of Top 5 Market Leaders
• 10.2. SWOT Analysis for Top 5 Players
• 10.3. Key Players Landscape for Top 10 Market Players
  • 10.3.1. Bharat Heavy Electricals Limited
    • 10.3.1.1. Company Details
    • 10.3.1.2. Key Management Personnel
    • 10.3.1.3. Products and Services
    • 10.3.1.4. Financials (As Reported)
    • 10.3.1.5. Key Market Focus and Geographical Presence
    • 10.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 10.3.2. L&T-MHI Power Turbine Generators Private Limited
  • 10.3.3. GE Power India Limited
  • 10.3.4. Weg Industries (India) Pvt. Ltd.
  • 10.3.5. Arani Power Systems Limited
  • 10.3.6. Siemens Limited
  • 10.3.7. ANDRITZ HYDRO Pvt. Ltd.
  • 10.3.8. ABB India Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

11. Strategic Recommendations

12. About Us and Disclaimer

List of Tables

• Table 1. Pricing Analysis of Products from Key Players
• Table 2. Competition Matrix of Top 5 Market Leaders
• Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Turbo Generators Market, By Value, In USD Million, FY2018-FY2032F
• Figure 2. India Turbo Generators Market, By Volume, In Thousand Units, FY2018-FY2032F
• Figure 3. India Turbo Generators Market Share (%), By Cooling Type, FY2018-FY2032F
• Figure 4. India Turbo Generators Market Share (%), By End-user, FY2018-FY2032F
• Figure 5. India Turbo Generators Market Share (%), By Region, FY2018-FY2032F
• Figure 6. By Cooling Type Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 7. By End-user Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 8. By Region Map-Market Size (USD Million) & Growth Rate (%), FY2024