Market Research Report
Turbo Generator Market by Type, Cooling System, and End-User : Global Opportunity Analysis and Industry Forecast, 2020-2027
|Turbo Generator Market by Type, Cooling System, and End-User : Global Opportunity Analysis and Industry Forecast, 2020-2027|
Published: October 28, 2020
Allied Market Research
Content info: 250 Pages
Delivery time: 2-3 business days
Turbo Generator Market by Type (Gas Turbine Generator, Steam Turbine Generator, and Water Turbine Generator), Cooling System (Air-Cooled, Water-Cooled, and Hydrogen-Cooled), and End-User (Coal Power Plants, Gas Power Plants, Nuclear Power Plants, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027.
The global turbo generator market was valued at $10.4 billion in 2019, and is projected to reach $12.6 billion by 2027, growing at a CAGR of 3.1% from 2020 to 2027.
Turbo generator is a system in which turbine is connected to generator and converts mechanical energy of steam, water, natural gas into electricity. Turbo generator is also called as turbine generator. Turbine generator has normal speed of 1,500 or 3,000 rpm depending on number of poles at 50 HZ. It can be used as standby, emergency, standalone, and peak shaving unit. Cooling systems used in the turbo generators depending on the applications include air-cooled, water-cooled, and hydrogen-cooled generators. It is utilized in the generation of power in nuclear, gas, hydro, thermal and other power plants.
Rapid growth in the installation of gas power plants is a key factor driving the growth of the turbo generator market. In addition, increase in demand for continuous and stable power supply contribute toward the growth of the global turbo generator market in the upcoming years. However, increase in developments in the renewable energy sector and stringent governmental regulations toward greenhouse gases emissions hampers the growth of the market, globally. Conversely, increase in investment toward the electrification of rural and remote areas is expected to create potential growth opportunity for key player operating in this market.
The global turbo generator market is segmented into type, cooling system, end-user, and region. Depending on type, the market is categorized into gas turbine generator, steam turbine generator, and water turbine generator. As per cooling system, it is classified into air-cooled, water-cooled, and hydrogen-cooled. By end-user, the market is fragmented into coal power plants, gas power plants, nuclear power plants and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By Cooling System