Turbogenerator Market worth $10 Billion by 2019, According to a New Study on ASDReports

Wednesday 8 October 2014, Amsterdam

The report, now available on ASDReports, “Turbogenerator Market by Capacity (10-175 MVA, 175 MVA- 550 MVA, 550 MVA & Above), by End-User (Coal Power Plants, Gas Power Plants, Nuclear Power Plants, Others), by Cooling (Air Cooled, Hydrogen cooled, Water Hydrogen Cooled) & Geography (Asia-Pacific, Europe, Middle East & Africa, North America, South America) - Global Trends and Forecasts to 2019” defines and segments the global turbogenerator market with an analysis and forecast of the revenue. The turbogenerator 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.


Asia-Pacific still expected to witness highest demand

The global turbogenerator 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 plants 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 turbogenerator 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.