A turbo generator is an electric generator connected to the shaft of a steam turbine or gas turbine for the generation of electric power. Large steam-powered turbo generators provide the majority of the world's electricity and are also used by steam-powered turbo-electric ships. Small turbo-generators driven by gas turbines are often used as auxiliary power units (APU, mainly for aircraft).
MARKET DYNAMICS
The global turbo generator market is expected to grow at a significant rate in the forecast period. The increasing energy demand in the world, resulting in an increase in the number of power plants, is expected to drive the market during the forecast period. The inherent advantages that turbo generators provide, in addition to the ability to be connected directly to the electrical generator and the resulting lower operating costs, are factors spurring the turbo generator market. The increase in the demand for the continuous and stable power supply from various industries for continuous production and processing operations is expected to boost the turbo generator market growth.
MARKET SCOPE
The ?Global Turbo Generator Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the turbo generator market with detailed market segmentation by type, cooling system, and end-users. The global turbo generator market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading turbo generator market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
1. By Type: By type the global turbo generator market is bifurcated into Gas Turbine Generator, Steam Turbine Generator, and Water Turbine Generator.
2. By Cooling System: By cooling system the global turbo generator market is bifurcated into Air-Cooled, Water-Cooled, and Hydrogen-Cooled.
3. By End-User: By end-users the global turbo generator market is bifurcated into Coal Power Plants, Gas Power Plants, Nuclear Power Plants, and Others
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The 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 turbo generator market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the turbo generator market in these regions.
IMPACT OF COVID 19
The outbreak of Covid-19 resulted in a temporary ban on import-export and disrupted the supply chain. Since the pandemic, the demand for electricity decreased as several industries temporarily closed their manufacturing factories. However, the demand for electricity is increasing due to government's declaration to resume power generation, which is expected to get the market back on track.
MARKET PLAYERS
The report covers vital developments in the turbo generator market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the turbo generator market are anticipated to have lucrative growth opportunities in the future with the rising demand for turbo generator in the global market. Below mentioned is the list of a few companies engaged in the turbo generator market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the turbo generator market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
1. Alstom SA
2. Andritz AG
3. Ansaldo Energia SpA
4. Dongfang Electric Corporation
5. Ebara Corporation
6. General Electric Company
7. Mitsubishi Heavy Industries, Ltd
8. Siemens AG
9. Suzlon Energy Ltd
10. Toshiba Corporation