Global Turbines Market to Reach US$191.8 bn by 2020 owing to Increasing Requirement for Power Generation

1. Transparency Market Research Turbines Market by Product - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2014 - 2020 Published Date 1-April-2015 140 Page Report Request Sample Buy Now Press Release Global Turbines Market to Reach US$191.8 bn by 2020 owing to Increasing Requirement for Power Generation Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com

2. Turbines Market REPORT DESCRIPTION Global Turbines Market to Reach US$191.8 bn by 2020 owing to Increasing Requirement for Power Generation A new Transparency Market Research report states that the global turbines market stood at US$135.7 bn in 2013 and is predicted to reach US$191.8 bn by 2020. It is predicted to expand at a CAGR of 4.89% from 2014 to 2020. The title of the report is “Turbines Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2014 - 2020.” As per the report, the increasing requirement for power generation, especially in emerging economies, and the reduced risk of technology failure, resulting in increased demand from investors, are amongst the chief factors propelling the growth of the turbines market. Get Sample Of This Research Report At: http://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=2873 Furthermore, the rising global demand for heat owing to the increasing global population is also a prime factor augmenting the market for turbines. In addition, the introduction of new components in turbine technology resulting in cost saving has emerged as a key opportunity in the market. On the other hand, the soaring initial costs of investments and turbines being climate-dependent systems are amongst the major factors that may inhibit the growth of the turbines market in the coming years. In addition, a number of project site issues owing to the low noise tolerance as well as emission impact of turbines may also have a negative impact on the growth of the market for turbines. The report segments the market on the basis of product type, end use, and geography The report, on the basis of product type, segments the market into steam, hydropower, wind, gas-based, and nuclear. Amongst these, the segment of steam turbines emerged as the prime source of power generation in 2014 and is predicted to rise exponentially in the coming years. On the basis of end use, the turbines market is segmented into power storage, power generation, aeronautics, and marine. In terms of geography, the report segments the market into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, in 2013, on the basis of installed turbine capacity, 2 Transparency Market Research

3. Turbines Market Asia Pacific constituted a share of over 40% in the market. The region of Asia Pacific was valued at US$42.9 bn in 2013 and is predicted to reach US$68.5 bn by 2020, expanding at a CAGR of 5.81% between 2014 and 2020. This is owing to the swift development of oilfield projects within the region of Asia Pacific. Browse The Full Research Report At: http://www.transparencymarketresearch.com/turbines-market.html As per this study, the major players operating in the turbines market are General Electric Energy, Alstom S.A., Siemens Energy, Doosan Fuel Cell America, Inc., Ballard Power Systems Inc., Vestas Wind Systems A/S, Goldwind Science & Technology Co., Ltd., Kirloskar Brothers Limited, and Sinovel Wind Group Co., Ltd., among others. The global turbines market has been segmented as below: Global Turbines Market: Product Type Analysis Hydropower • Steam • Gas-based • Wind • Nuclear • Global Turbines Market: End User Industry Analysis Power Generation • Power Storage • Marine • Aeronautics • Global Turbines Market: Regional Analysis 3 Transparency Market Research

4. Turbines Market North America • Europe • Asia Pacific • Rest of the World (RoW) • Browse All Energy & Mining Market Research Reports: http://www.transparencymarketresearch.com/energy-market-reports-3.html About Us Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward- looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Contact Transparency Market Research 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com/ Visit Blog : http://depthresearchreport.blogspot.in/ 4 Transparency Market Research

5. Turbines Market 5 Transparency Market Research