The Global Turbines Market is expected to grow by US$ 56.55 billion during 2020-2026, progressing at a CAGR of 4.7% during the forecast period. Asia Pacific is the most significant revenue contributor in the global turbines market. The region is expected to witness significant developments in the turbines market.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, applications, and regions. The global market data on turbines can be segmented by product: gas combustion turbines, steam & hydraulic turbines, turbine engines, turbine generators & generator sets, and wind turbines. The turbine engines segment held the largest market share of 37.2% in 2019. However, the wind turbines segment is expected to witness the highest CAGR during the forecast period. Turbines market is further segmented by applications: aircraft engines, power, and others. In 2019, the power segment held the largest share of the market, and the aircraft engines segment is anticipated to register the highest CAGR during 2020–2026.
The study provides historical market data (2016-2019) and forecasts from 2020 till 2026. The market size and estimations are provided in terms of revenue (million USD) considering 2019 as base year and market forecast will be given from 2020 to 2026.
The data-centric report focuses on market trends, status and outlook for segments, and future growth. With comprehensive market assessment across the major geographies such as Asia Pacific, Eastern Europe, Middle East and Africa (MEA), North America, South America, and Western Europe the report is a valuable asset for the existing players, new entrants and the future investors.
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