MARKET OVERVIEW
A turbo generator is the combination of a turbine straight connected to an electric generator for the electric power generation. The air cooled turbo generators requires little maintenance. This is also projected to surge the demand for air cooled turbo generators in the coming years. That apart, increasing investment in power generation capacity is also expected to drive the growth of the air cooled turbo generator market over the forecast period. Furthermore, the growth in power generation industries is expected to surge the demand for air cooled turbo generator over the projected period. In addition, the significant focus on research and development activities to develop new and innovative equipment with low noise and more efficiency is the key factor trending the market growth over the foreast period.
MARKET SCOPE
The "Global Air Cooled Turbo Generator Market Analysis to 2028" is a specialized and in-depth study of the power generation with a special focus on the global market trend analysis. The report aims to provide an overview of the air cooled turbo generator market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading air cooled turbo generator market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-On the basis of type the market is segmented into Two-Pole Air Cooled Generators and Four-Pole Air Cooled Generators
-On the basis application, the market is segmented into Steam Turbines, Hydro Turbines, Gas Turbines, and Others
MARKET DYNAMICS
Drivers
-The advantageous features associated with the air cooled turbo generator propels the market growth
-Increasing investment in power generation capacity drives the market growth
Restraints
-Rapidly Growing Renewable Energy Technologies
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). The air cooled turbo generator market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the air cooled turbo generator market in these regions.
IMPACT OF COVID-19 ON AIR COOLED TURBO GENERATOR MARKET
The emergence of the COVID-19 has severely impacted the energy sector industries, which resulted decline in the air cooled turbo generator market in the year 2020. The pandemic severely impacted the power demand in countries such as China, India, and Japan. In addition, governments across the world were compelled to reduce the business activities in response to minimize the threat of coronavirus. Owing the decline in the business activities has further negatively impacted the sales of air cooled turbo generator in the short term. The unavailability of raw material and distruption of supply chain due to the pandemic has affects the market prospects. Furthermore, project delays and and cancellation of orders has affected the key market. Hence, from 2021, the ease in restriction and opening of manufacturing industries have fueled the market growth over the projected period. The growing urbanization and rise in industrial activities are accelerating the power demand which in turn fuels the adoption of air cooled turbo generator aiding the market growth. There is energy rebound in energy investments in 2021, which is creates promising growth opportunities during the pandemic recovery period.
MARKET PLAYERS
The report covers key developments in the air cooled turbo generator market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in the air cooled turbo generator market are anticipated to provide lucrative growth opportunities in the future owing to growing power demand.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the air cooled turbo generator market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-General Electric
-Siemens AG
-ANDRITZ
-BRUSH
-Shanghai Electric Group
-Ansaldo Energia
-Mitsubishi Hitachi Power Systems
-Fuji Electric
-Harbin Electric International Company Limited
-WEG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.