Market Overview:
The global turbine rotor shaft market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and renewable energy sources across the globe. Additionally, the growing industrial sector is also contributing significantly to the growth of this market. The turbine rotor shaft market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into standard process and hot isostatic pressing process. Standard process dominates this market owing to its low cost and easy availability across different regions globally. However, hot isostatic pressing process offers better performance as compared to standard process and thus is witnessing a high adoption rate in developed countries such as Europe and North America. On the basis of application, it can be classified into water turbines and steam turbines segments; conventional electric motors segment accounts for a major share in this market owing to its widespread use in various industries such as automotive, aerospace & defense etc.
Product Definition:
The turbine rotor shaft is the central component of a turbine. It transfers power from the turbine's rotating blades to its stationary components, such as the generator. The rotor shaft is typically made of high-strength steel and is therefore able to withstand the high stresses and temperatures that occur in a turbine.
Standard Process:
The global standard process (SP) market is expected to witness significant growth over the forecast period. SP is a manufacturing process used in the automotive industry for manufacturing turbine rotor shafts and other machine parts. The growing automobile industry coupled with rising awareness regarding product quality and timely delivery of products are some of the key factors driving demand for this market globally.
In recent years, there has been an increase in demand for electric vehicles (EV).
Hot Isostatic Pressing Process:
Hot isostatic pressing (HIP) process is used to manufacture high-quality carbon fiber reinforced polymer composite parts for various industries. The HIP process can be used with thermoplastic matrices such as polyester and nylon, which are converted into composites by melting and cooling.
Application Insights:
The conventional electric motors segment dominated the global turbine rotor shaft market in terms of revenue share in 2017. Conventional electric motors are used for applications, such as small wind turbines and large scale utility-scale power generation. The demand for these products is expected to increase over the forecast period owing to their low cost, high efficiency and easy installation characteristics.
The water & steam turbines segment is anticipated to witness a CAGR of XX% from 2018 to 2030 due largely to increasing government funding towards research & development on advanced energy systems along with rising environmental concerns regarding greenhouse gas emissions from conventional fossil-fueled power plants. Furthermore, growing urbanization coupled with an increasing number of megacities across the globe is expected drive growth over the forecast period.
Regional Analysis:
Asia Pacific accounted for the largest market share in 2017 and is expected to witness significant growth over the forecast period. The region comprises several emerging economies, such as China, India, Indonesia, Malaysia and Vietnam. Increasing demand for electricity due to rapid industrialization and urbanization is anticipated to drive the regional market over the forecast period.
China accounts for a major share of Asia Pacific turbine rotor shaft industry owing to its large hydrocarbon reserves that are utilized through various methods of energy extraction including hydraulic fracturing or fracking coupled with conventional power generation techniques including coal-based thermal power plants and gas turbines coupled with wind farms projects using blades manufactured from composite materials such as fiber reinforced plastics or carbon fiber reinforced plastics (referred hereafter as CFRP).
The Middle East & Africa was another prominent consumer of turbine rotor shafts on account of increasing investments in electric utility generation facilities across countries such as Saudi Arabia, UAE and Egypt among others.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Technological advancements in turbine rotor shafts that improve performance and efficiency
- Rising concerns over climate change and the need to reduce greenhouse gas emissions
- Growing investment in renewable energy sources such as wind power
- Regulatory incentives for the deployment of renewable energy technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Turbine Rotor Shaft Market Research Report
By Type
Standard Process, Hot Isostatic Pressing Process
By Application
Water and Steam Turbines, Conventional Electric Motors
By Companies
Sandvik, A. Green Engineering, VÃTKOVICE MACHINERY, JSW, OMZ-Special Steels, Grand Haven Steel Products, S & H Glenco Manufacturing, Griner Engineering, TORIN Products, Norca Precision, CNC Industries, STD Gear, C & R Manufacturing, Ramco Electric Motors, Guthrie Machine Works, Mailly Manufacturing, Tolerance Masters, U.S. Axle, Jinan Paiwo Engineering Machinery, Jiangsu Liangyi, Jiangyin Golden Machinery Equipment, Jiangyin Hongfeng Hardware Forging, Jinan Paiwo Engineering Machinery
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Turbine Rotor Shaft Market Report Segments:
The global Turbine Rotor Shaft market is segmented on the basis of:
Types
Standard Process, Hot Isostatic Pressing Process
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
Water and Steam Turbines, Conventional Electric Motors
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:
- Sandvik
- A. Green Engineering
- VÃTKOVICE MACHINERY
- JSW
- OMZ-Special Steels
- Grand Haven Steel Products
- S & H Glenco Manufacturing
- Griner Engineering
- TORIN Products
- Norca Precision
- CNC Industries
- STD Gear
- C & R Manufacturing
- Ramco Electric Motors
- Guthrie Machine Works
- Mailly Manufacturing
- Tolerance Masters
- U.S. Axle
- Jinan Paiwo Engineering Machinery
- Jiangsu Liangyi
- Jiangyin Golden Machinery Equipment
- Jiangyin Hongfeng Hardware Forging
- Jinan Paiwo Engineering Machinery
Highlights of The Turbine Rotor Shaft 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:
- Standard Process
- Hot Isostatic Pressing Process
- By Application:
- Water and Steam Turbines
- Conventional Electric Motors
- 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 Turbine Rotor Shaft 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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- 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?
A turbine rotor shaft is a component of a turbine that transfers energy from the blades to the compressor. It is made up of several parts, including the hub, stator, and rotor. The hub houses all of the components and connects them together. The stator provides static electricity to help spin the blades and create power. The rotor is where all of this energy gets transferred to compressors or turbines elsewhere in an engine or machine.
Some of the major players in the turbine rotor shaft market are Sandvik, A. Green Engineering, VƒÂTKOVICE MACHINERY, JSW, OMZ-Special Steels, Grand Haven Steel Products, S & H Glenco Manufacturing, Griner Engineering, TORIN Products, Norca Precision, CNC Industries, STD Gear, C & R Manufacturing, Ramco Electric Motors, Guthrie Machine Works, Mailly Manufacturing, Tolerance Masters, U.S. Axle, Jinan Paiwo Engineering Machinery, Jiangsu Liangyi, Jiangyin Golden Machinery Equipment, Jiangyin Hongfeng Hardware Forging, Jinan Paiwo Engineering Machinery.
The turbine rotor shaft market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Turbine Rotor Shaft 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. Turbine Rotor Shaft Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Turbine Rotor Shaft Market - Supply Chain
4.5. Global Turbine Rotor Shaft Market Forecast
4.5.1. Turbine Rotor Shaft Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Turbine Rotor Shaft Market Size (000 Units) and Y-o-Y Growth
4.5.3. Turbine Rotor Shaft Market Absolute $ Opportunity
5. Global Turbine Rotor Shaft 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. Turbine Rotor Shaft Market Size and Volume Forecast by Type
5.3.1. Standard Process
5.3.2. Hot Isostatic Pressing Process
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Turbine Rotor Shaft 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. Turbine Rotor Shaft Market Size and Volume Forecast by Application
6.3.1. Water and Steam Turbines
6.3.2. Conventional Electric Motors
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Turbine Rotor Shaft 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. Turbine Rotor Shaft 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 Turbine Rotor Shaft 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. Turbine Rotor Shaft 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 Turbine Rotor Shaft Demand Share Forecast, 2019-2026
9. North America Turbine Rotor Shaft 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 Turbine Rotor Shaft 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 Turbine Rotor Shaft Market Size and Volume Forecast by Application
9.4.1. Water and Steam Turbines
9.4.2. Conventional Electric Motors
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Turbine Rotor Shaft Market Size and Volume Forecast by Type
9.7.1. Standard Process
9.7.2. Hot Isostatic Pressing Process
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 Turbine Rotor Shaft Demand Share Forecast, 2019-2026
10. Latin America Turbine Rotor Shaft 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 Turbine Rotor Shaft 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 Turbine Rotor Shaft Market Size and Volume Forecast by Application
10.4.1. Water and Steam Turbines
10.4.2. Conventional Electric Motors
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Turbine Rotor Shaft Market Size and Volume Forecast by Type
10.7.1. Standard Process
10.7.2. Hot Isostatic Pressing Process
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 Turbine Rotor Shaft Demand Share Forecast, 2019-2026
11. Europe Turbine Rotor Shaft 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 Turbine Rotor Shaft 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 Turbine Rotor Shaft Market Size and Volume Forecast by Application
11.4.1. Water and Steam Turbines
11.4.2. Conventional Electric Motors
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Turbine Rotor Shaft Market Size and Volume Forecast by Type
11.7.1. Standard Process
11.7.2. Hot Isostatic Pressing Process
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 Turbine Rotor Shaft Demand Share, 2019-2026
12. Asia Pacific Turbine Rotor Shaft 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 Turbine Rotor Shaft 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 Turbine Rotor Shaft Market Size and Volume Forecast by Application
12.4.1. Water and Steam Turbines
12.4.2. Conventional Electric Motors
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Turbine Rotor Shaft Market Size and Volume Forecast by Type
12.7.1. Standard Process
12.7.2. Hot Isostatic Pressing Process
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 Turbine Rotor Shaft Demand Share, 2019-2026
13. Middle East & Africa Turbine Rotor Shaft 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 Turbine Rotor Shaft 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 Turbine Rotor Shaft Market Size and Volume Forecast by Application
13.4.1. Water and Steam Turbines
13.4.2. Conventional Electric Motors
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Turbine Rotor Shaft Market Size and Volume Forecast by Type
13.7.1. Standard Process
13.7.2. Hot Isostatic Pressing Process
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 Turbine Rotor Shaft Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Turbine Rotor Shaft Market: Market Share Analysis
14.2. Turbine Rotor Shaft Distributors and Customers
14.3. Turbine Rotor Shaft Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sandvik
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. A. Green Engineering
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. VÍTKOVICE MACHINERY
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. JSW
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. OMZ-Special Steels
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Grand Haven Steel Products
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. S & H Glenco Manufacturing
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Griner Engineering
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TORIN Products
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Norca Precision
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CNC Industries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. STD Gear
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. C & R Manufacturing
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Ramco Electric Motors
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Guthrie Machine Works
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Mailly Manufacturing
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Tolerance Masters
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. U.S. Axle
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Jinan Paiwo Engineering Machinery
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Jiangsu Liangyi
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
