Key players in turbogenerator market are Alstom SA (France), General Electric (the U.S.), Siemens AG (Germany), Mitsubishi Hitachi Power Systems (Japan), Andritz AG (Austria), BHEL (India), Harbin Electric Company (China).
(PRWEB) August 25, 2014
The report "Turbo Generator Market by Capacity, End-User, Cooling & Geography - Global Trends and Forecasts to 2019", defines and segments the global Turbo Generator Market with an analysis and forecast of the revenue. The Turbo Generator Market will grow from an estimated $10 billion in 2014 to $10.36 billion by 2019 with a CAGR of 0.7% from 2014 to 2019.
Browse 95 market data tables and 58 figures spread through 266 pages and in-depth TOC on "Turbo Generator Market - Global Trends and Forecasts to 2019".
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Asia-Pacific still expected to witness highest demand
The global Turbo Generator Market is expected to cross $ 10 billion mark by 2019, growing at a CAGR of 0.7% from 2014 to 2019. In terms of market size, Asia-Pacific stood first followed by Europe and North America in 2013. Rapid industrialization in the emerging countries of Asia-Pacific has led to increased growing power demand, creating a huge demand new power plant in the region. Between 2014 and 2019, the region is expected to witness the highest capacity additions though to reach $6.62 billion by 2019.
Coal Fired power plants dominates the demand in market
Coal fired power plants with big capacities are rapidly coming up in China and India accounting for almost 55% share of the total Turbo Generator Market in 2013. This segment is expected to witness stagnation at these levels on account of the increased environmental awareness and stringent regulations put in place by the regulatory bodies.
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