Global Turbines Market to Reach Us$191.8 Bn by 2020 Owing to Increasing Requirement for Power Generation.Pdf

Transparency Market

Research

Turbines Market - Global Industry Analysis, Market Size, Share,

Growth, Trends and Forecast 2014 - 2020

Published Date

01-April-2015

140 Page Report

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Press Release

Global Turbines Market to Reach US$191.8 bn by 2020 owing to

Increasing Requirement for Power Generation: TMR

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Global Turbine Market

REPORT DESCRIPTION

Turbines Market by Product - Global Industry Analysis, Market Size,

Share, Growth, Trends and Forecast 2014 - 2020

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.”

Browse the full Turbines Market by Product (Hydro, Steam, Gas-based, Wind and Nuclear) for

Applications (Power Generation, Power Storage, Marine and Aeronautics) - Global Industry

Analysis, Market Size, Share, Growth, Trends and Forecast, 2014 – 2020 report at:

http://www.transparencymarketresearch.com/turbines-market.html

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. 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...