What is Turbo Alternators?
Trubo Alternators are alternators incorporates with turbines. The turbo-alternators run at high speeds and develop large quantities of power generally on the hundreds of Megawatts. The speed of rotors is approx 3000 rpm (50 Hz) or 3600 (60 Hz). These alternators are sensitive machines and operate at high speed. To provide high speed of rotation, the rotor diameter is reduced and the axial length is increased. Two or four poles are normally used in the turbo-alternators.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | General Electric Inc. (United States), Mitsubishi Hitachi Power Systems (Japan), Suzlon Energy Ltd. (India), Siemens AG (Germany), Alstom SA (France), Andritz AG (Austria), BHEL (India), Harbin Electric Company (China), Barber-Nichols Inc. (United States) and ACPL (India) |
CAGR | 4.6% |
The study covers a detailed analysis segmented by key business segments i.e. by type (Gas Turbine Turbo Alternators, Steam Turbine Turbo Alternators and Water Turbine Turbo Alternators) , by application (Biomass, Geothermal, Co-Generation and Combined Heat & Power) and major geographies. Research Analyst at AMA predicts that China Manufacturers will contribute to the maximum growth of Global Turbo Alternators market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Turbo Alternators market report suggests strategies that Manufacturers can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, some of them are General Electric Inc. (United States), Mitsubishi Hitachi Power Systems (Japan), Suzlon Energy Ltd. (India), Siemens AG (Germany), Alstom SA (France), Andritz AG (Austria), BHEL (India), Harbin Electric Company (China), Barber-Nichols Inc. (United States) and ACPL (India).
Market Overview:
In June 2023, Safran Helicopter Engines has signed an agreement with Electra to develop the 600 kW electric turbogenerator propulsion system for the prototype of Electra’s nine-passenger hybrid-electric short takeoff and landing (eSTOL) aircraft.
The global Turbo Alternators market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability.
Influencing Trend:
Increase Adoption as an Alternative Energy Source Derived From Fossil Fuels and Technology Advancement for Reducing Manufacturing Costs
Market Growth Drivers:
Growing Industrialization and Rising Urbanisation in Emerging Countries
Challenges:
Vast Amount of Heat Generation, For Which Air, Hydrogen, and Water Required To Eliminate the Heat from the Generator
Restraints:
High Manufacturing and Maintenance Cost
Opportunities:
High Growth Potential in North America, Due To High Growth in Oil and Gas Industry
Key highlights of the Global Turbo Alternators market Study:
CAGR of the market during the forecast period 2023-2030
In-depth information on growth factors that will accelerate the Turbo Alternators market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Turbo Alternators market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Turbo Alternators Manufacturers
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Turbo Alternators market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Turbo Alternators market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Turbo Alternators Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.