Air Cooled Turbo Generator Market: Overview
Electric power is critical to the development of industrial activities. Electric generators produce large amount of heat. The interior of an electric generator needs to be constantly cooled in order to protect it from damage and ensure its smooth operation. Turbines help in generating electricity. Turbines driven by steam are used in virtually every major power plant, while wind and water turbines produce renewable energy. Air cooled turbo generator is the combination of a turbine directly connected to an electric generator for the generation of electric power. Large steam-powered turbo generators provide the majority of the world’s electricity. They are also used by steam powered turbo-electric ships. Globalization, digitalization, and increasing competition for metal casting are transforming the energy industry. New innovations and technologies are emerging in order to lower costs and increase the quality of the data of air cooled turbo generators. Over the years, the usage of modern and traditional air cooled turbo generators has increased significantly for power generation.
Air Cooled Turbo Generator Market: Drivers & Restraints
Air cooled turbo generators are less expensive compared to hydrogen cooled turbo generators. This is one of the key drivers of the market. Air cooled turbo generators require little maintenance. Increase in investment in power generation capacity is also expected to drive the demand for air cooled turbo generators. Furthermore, growth in the power generation industry is anticipated to boost the demand for air cooled turbo generators. Maintenance of damaged air cooled turbo generators is one of the major restraints of the market. Air cooled turbo generators require sufficient space and are inefficient in offshore setup. These generators possess indirectly cooled stator windings and directly cooled rotor windings. They are self-ventilated in a closed circuit with air-to-water coolers.
Air Cooled Turbo Generator Market: Key Segments
The air cooled turbo generator market can be segmented based on type, application, and region. Based on type, the air cooled turbo generator market can be bifurcated into two-pole air cooled generator and four-pole air cooled generator. In terms of application, the global air cooled turbo generator market can be segregated into steam turbines, hydro turbines, gas turbines, and others.
Air Cooled Turbo Generator Market: Regional Outlook
In terms of region, countries such as China, India, Japan, and Singapore are leading the air cooled turbo generator market in Asia Pacific due to the increase in demand for electricity and power generation for the purpose of developing smart cities in these countries. North America is the emerging region of the global air cooled turbo generator market led by the newly discovered and developed power infrastructure. The air cooled turbo generator market in Europe, particularly in countries such as the U.K., Germany, and France, has been expanding significantly due to rapid industrialization. Norway and the Netherlands are investing significantly in air cooled turbo generators, owing to the increase in industrialization and rise in electricity generation through renewable energy in these countries. Demand for air cooled turbo generators is expected to increase in Latin America and Middle East & Africa in the near future, led by infrastructure revival plans in these regions. Saudi Arabia, Kuwait, Oman, and Qatar have also invested in the development of air cooled turbo generators.
Air Cooled Turbo Generator Market: Key Players
Key players operating in the global air cooled turbo generator market are GE, Siemens AG, ANDRITZ, Brush, Shanghai Electric, Ansaldo Energia, and Mitsubishi Hitachi Power Systems.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.