Market Overview:
The global indirect drive turbine market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for electricity and rising investments in renewable energy sources. In addition, the growing need for reliable and efficient power generation systems is also propelling the growth of the global indirect drive turbine market. Based on type, the gas turbines segment accounted for a major share of the global indirect drive turbine market in 2017. This segment is projected to grow at a CAGR of 5.8% from 2018 to 2030 due to increasing demand for natural gas as an energy source across the globe.
Product Definition:
An indirect drive turbine is a type of turbine in which the spinning shaft that powers the turbine is not connected to the rotor directly, but rather through a gearbox. This allows for much greater torque to be exerted on the rotor, making it ideal for high-power applications such as large ships or power plants. Indirect drive turbines are also more reliable and efficient than direct drive turbines, making them a popular choice for many industrial applications.
Gas Turbines:
Gas turbines are combustion engines that convert the energy from a combustible gas to mechanical energy. They may be natural gas or fuel-fired, water or wind powered, oil or biofueled and microturbine based.
As the air is passed through the blades of a turbine, it is heated causing its temperature to rise until it reaches its vaporization point (boiling point for liquids).
Steam Turbines:
Steam turbines are machines that convert the heat energy generated from steam into mechanical energy through turbine blades. The steam is produced by boiling water and passing it at high pressure through a series of tubes containing the turbine blades. As the steam travels around and past the turbine blades, they spin an shaft which ultimately drives a generator to produce electricity.
Application Insights:
The power and utility application segment accounted for the largest revenue share of over 50% in 2017. The segment is expected to witness significant growth owing to the growing demand for electricity, especially across developing countries such as India, China and Brazil. In addition, increasing government funding for renewable energy projects is likely to boost the industry growth over the forecast period.
The engineering application segment was valued at USD 536.3 million in 2017 due to rising use of turbines in offshore oil exploration activities as well as onshore wind farms construction sites across Europe and North America regions. In addition, gas turbines are extensively used in combined heat & power generation applications worldwide which contributes significantly towards regional revenue share estimates every year since their introduction during 1980s-90s due largelyto their abilityto generate more kilowatts per unit of weight than steam turbines do globally (on average).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for global ID turbines over the forecast period. The growth can be attributed to increasing demand from countries, such as China and India. In 2017, China accounted for a share of more than 20% in terms of total power generation using ID turbines across the globe. Moreover, several companies are investing heavily in this sector owing to growing electricity demand coupled with government support for clean energy sources in various countries including India and China.
Europe is anticipated to witness significant growth over the next eight years owing to stringent emission norms laid down by European Union (EU) regarding gas turbine emissions along with other pollutants into ambient air or water bodies which may cause harm or damage thereto; thus driving industry participants toward installation of scrubbers/scrubber upgrade units on their existing installations as well as new installations at different locations within EU member states or third country territories where they operate these industrial facilities (so called "third party markets").
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting the use of renewable energy sources
- Technological advancements that have led to the development of more efficient and reliable turbines
- Growing awareness about the benefits of using renewable energy sources
- Reduction in costs of turbine technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Indirect Drive Turbine Market Research Report
By Type
Gas Turbines, Steam Turbines
By Application
Power and Utility, Engineering, Others
By Companies
Ansaldo Energia, BHEL, GE, Siemens, Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Fuji Electric, Toshiba, Peter Brotherhood, Doosan Skoda Power, Elliott Group, Harbin Electric Machinery, Dongfang Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Indirect Drive Turbine Market Report Segments:
The global Indirect Drive Turbine market is segmented on the basis of:
Types
Gas Turbines, Steam Turbines
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power and Utility, Engineering, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ansaldo Energia
- BHEL
- GE
- Siemens
- Kawasaki Heavy Industries
- Mitsubishi Heavy Industries
- Fuji Electric
- Toshiba
- Peter Brotherhood
- Doosan Skoda Power
- Elliott Group
- Harbin Electric Machinery
- Dongfang Electric
Highlights of The Indirect Drive Turbine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gas Turbines
- Steam Turbines
- By Application:
- Power and Utility
- Engineering
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Indirect Drive Turbine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An indirect drive turbine is a type of turbine that uses an external power source to turn the blades. This type of turbine is often used in larger machines, such as wind turbines.
Some of the key players operating in the indirect drive turbine market are Ansaldo Energia, BHEL, GE, Siemens, Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Fuji Electric, Toshiba, Peter Brotherhood, Doosan Skoda Power, Elliott Group, Harbin Electric Machinery, Dongfang Electric.
The indirect drive turbine market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Indirect Drive Turbine Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Indirect Drive Turbine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Indirect Drive Turbine Market - Supply Chain
4.5. Global Indirect Drive Turbine Market Forecast
4.5.1. Indirect Drive Turbine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Indirect Drive Turbine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Indirect Drive Turbine Market Absolute $ Opportunity
5. Global Indirect Drive Turbine Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Indirect Drive Turbine Market Size and Volume Forecast by Type
5.3.1. Gas Turbines
5.3.2. Steam Turbines
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Indirect Drive Turbine Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Indirect Drive Turbine Market Size and Volume Forecast by Application
6.3.1. Power and Utility
6.3.2. Engineering
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Indirect Drive Turbine Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Indirect Drive Turbine Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Indirect Drive Turbine Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Indirect Drive Turbine Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Indirect Drive Turbine Demand Share Forecast, 2019-2026
9. North America Indirect Drive Turbine Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Indirect Drive Turbine Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Indirect Drive Turbine Market Size and Volume Forecast by Application
9.4.1. Power and Utility
9.4.2. Engineering
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Indirect Drive Turbine Market Size and Volume Forecast by Type
9.7.1. Gas Turbines
9.7.2. Steam Turbines
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Indirect Drive Turbine Demand Share Forecast, 2019-2026
10. Latin America Indirect Drive Turbine Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Indirect Drive Turbine Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Indirect Drive Turbine Market Size and Volume Forecast by Application
10.4.1. Power and Utility
10.4.2. Engineering
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Indirect Drive Turbine Market Size and Volume Forecast by Type
10.7.1. Gas Turbines
10.7.2. Steam Turbines
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Indirect Drive Turbine Demand Share Forecast, 2019-2026
11. Europe Indirect Drive Turbine Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Indirect Drive Turbine Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Indirect Drive Turbine Market Size and Volume Forecast by Application
11.4.1. Power and Utility
11.4.2. Engineering
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Indirect Drive Turbine Market Size and Volume Forecast by Type
11.7.1. Gas Turbines
11.7.2. Steam Turbines
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Indirect Drive Turbine Demand Share, 2019-2026
12. Asia Pacific Indirect Drive Turbine Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Indirect Drive Turbine Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Indirect Drive Turbine Market Size and Volume Forecast by Application
12.4.1. Power and Utility
12.4.2. Engineering
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Indirect Drive Turbine Market Size and Volume Forecast by Type
12.7.1. Gas Turbines
12.7.2. Steam Turbines
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Indirect Drive Turbine Demand Share, 2019-2026
13. Middle East & Africa Indirect Drive Turbine Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Indirect Drive Turbine Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Indirect Drive Turbine Market Size and Volume Forecast by Application
13.4.1. Power and Utility
13.4.2. Engineering
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Indirect Drive Turbine Market Size and Volume Forecast by Type
13.7.1. Gas Turbines
13.7.2. Steam Turbines
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Indirect Drive Turbine Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Indirect Drive Turbine Market: Market Share Analysis
14.2. Indirect Drive Turbine Distributors and Customers
14.3. Indirect Drive Turbine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ansaldo Energia
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BHEL
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kawasaki Heavy Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi Heavy Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Fuji Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Toshiba
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Peter Brotherhood
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Doosan Skoda Power
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Elliott Group
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Harbin Electric Machinery
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Dongfang Electric
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
