The global multifuel gas turbine market is anticipated at US$ 4.8 billion in 2022. Demand is likely to remain high for multifuel gas turbines during the assessment period. This is due to the increased application in end-use industries and garnering US$ 6.5 billion in 2033, recording a CAGR of 2.8% from 2023 to 2033. The market is likely to secure US$ 4.9 billion in 2023.
Data Points | Key Statistics |
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Multifuel Gas Turbine Market Size Value in 2023 | US$ 4.9 billion |
Multifuel Gas Turbine Market Forecast Value in 2033 | US$ 6.5billion |
Global Growth Rate | 2.8% |
Forecast Period | 2023 to 2033 |
Key Factors Shaping the Demand Outlook of the Multifuel Gas Turbine Industry:
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Historical CAGR (2018 to 2022) | 2.5% |
---|---|
Forecasted CAGR (2023 to 2033) | 2.8% |
Demand for multifuel gas turbines grew at 2.5% CAGR between 2018 and 2022. The multi-fuel gas turbine combined cycle is a recent development in the industry that has the potential to conduct secondary power generation by a steam turbine and utilize the exhaust heat expelled after rotating the multifuel gas turbines.
Peak motor speeds are pursued to remove noise emission. The major manufacturers of the multifuel gas turbine market also attempt to make turbines more visually attractive with the help of recent technologies.
The execution of numerous climate change initiatives along with regulations to cut down GHG emissions is expected to lead to a surge in the potential for gas turbines during the forecast period.
Increased Demand for Renewable Energy Sources to Spur the Market Growth
Multifuel gas turbines help in replacing the aging fleet of thermal power plants that are engaged in the production of electrical energy from oil or coal, which is acting as one of the important factors to drive the demand for multifuel gas turbines.
There is a rising demand for energy coupled with a substantial increase in standard fuel prices that has translated into a demand for greater fuel flexibility in gas turbines. It is anticipated that the demand for multifuel gas turbines has increased across the globe.
One of the key drivers for fueling the multifuel gas turbine market size is the advantage of high efficiency, clean power generation even with fossil fuel, use of renewable energy systems, and the capability for load ramp rate.
The adoption of combined cycle wind turbines and integrated wind combined cycles in the industrial and commercial sectors is the major driving factor for the multifuel gas turbine market. These technologies generate high-efficiency and eco-friendly electricity and power.
The thermal efficiency of multifuel gas turbines is generally higher than that of a reciprocating engine. Multifuel gas turbines also have a very high power-to-weight ratio and greater reliability.
The Increasing Application in Industrial Sector to Drive the Market Growth
The increasing demand for uninterrupted power in the industrial, residential, and commercial sectors coupled with the depleting of conventional resources and rising environmental concerns in developing and developed countries are in turn expected to drive the demand for multifuel turbines in power plants across the globe.
There is an upsurge in the power demand, especially in off-grid sectors, and the industrial sector, and poor grid infrastructure in emerging economies is expected to boost the demand for multi-fuel gas turbines across the globe. Increasing demand for flexible power generating systems and decommissioning of aging power plants are anticipated to drive the multifuel gas turbine market.
A number of market growth opportunities are being created as manufacturers are focusing on the production of new products for specific applications as there are varying demands based on utilization.
The key restraints in the growth of the multifuel turbine market also include high overnight costs, longer start-ups, and less responsiveness to changes in power demand.
The technological constraints over the use of bio-based fuel are likely to hamper the growth of the multifuel turbine market as they also comply with strict regulations.
Increasing Power Generation Activity in The Region to Drive the Market Growth
The North American regions are projected to account for 26.5% of the global market share for multifuel gas turbines. It is anticipated to observe a protruding growth on account of growing government support for power generation technologies that reduce carbon dioxide emissions.
The major factors driving the shift from coal-based power generation to gas-based power generation are suitable economics & supporting policies for setting up gas-based power plants in the country. Assured long-term fuel supply availability in the North American region is also one of the factors supporting the market growth of multifuel gas turbines.
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Rapid Industrialization to Boost the Market Growth in The Region
European regions are projected to account for 24.5% of the total market share, following North America, owing to its rising demand for energy due to rising population and fast urbanization.
There is the restructuring of existing and upcoming new gas plant projects that are expected to bolster the demand for the multifuel gas turbine market in this region.
Increased implementation of policies and regulations that encourage the adoption of multifuel gas turbines in countries such as Germany, the United Kingdom, Italy, and France drive market growth in the region. The development of renewable energy sources, such as wind and solar, has further augmented the need for flexible backup power generation, driving the demand for multifuel gas turbines.
Heavy Output <300 Segment to Remain Highly Sought After
By power output, the heavy output < 300 MW segment is expected to dominate the market in the forecast period. The segment is projected to account for a CAGR of 2.7% during the forecast period.
Heavy output turbines are typically used in utility-scale power plants, combined cycle plants, and large industrial complexes. Large-scale gas turbines provide high efficiency and are capable of generating significant amounts of electricity. They are often integrated with steam turbines in combined cycle configurations to enhance overall plant efficiency.
Oil & Gas Segment to generate high Revenue
Based on application multifuel gas turbines market is segmented into energy & power, public infrastructure, residential, commercial, industrial, oil & gas segments.
As per FMI’s analysis, the oil & gas segment accounts for 35.4% of the total mining shovel market share. The segment is projected to account for a CAGR of 2.6% during the forecast period.
Multifuel gas turbines are often utilized for on-site power generation in remote oil and gas locations. These turbines can operate on a range of fuels, including natural gas, associated gas, flare gas, and liquid fuels. Multifuel gas turbines provide self-sufficiency in power supply, reducing the need for grid connection and costly fuel transportation by utilizing available gas resources.
The global multifuel gas turbine market is highly consolidated. A significant share of the global market is dominated by major manufacturers. New products that contain improved capabilities have been launched by leading market players. They have taken the necessary steps to improve the accuracy of devices and overall functionality.
Some of the key players in the multifuel gas turbine market are Siemens AG, General Electric, Ansaldo Energia S.p.A., Mitsubishi Heavy Industries, Ltd. Kawasaki Heavy Industries, Ltd., Ming Yang, Guodian United Powe, Nordex, Dewind, Senvion, Wärtsilä, MHPS and other.
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 2.8% from 2023 to2033 |
Market Value in 2023 | US$ 4.9 billion |
Market Value in 2033 | US$ 6.5 billion |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in US$ Billion and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered |
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Regions Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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The market is estimated to be worth US$ 6.5 billion by 2033.
Increasing power generation activity in the region drives market growth.
High overnight costs restrain the market growth.
Increased demand for renewable energy sources spurs market growth
North America holds lucrative opportunities.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Power Output
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Power Output, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Power Output, 2023 to 2033
5.3.1. Low output (below 100 MW)
5.3.2. Medium output (100 MW - 300 MW)
5.3.3. Heavy output (< 300 MW)
5.4. Y-o-Y Growth Trend Analysis By Power Output, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Power Output, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Energy & power
6.3.2. Public Infrastructure
6.3.3. Residential
6.3.4. Commercial
6.3.5. Industrial
6.3.6. Oil & Gas
6.3.7. Others
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Source, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Source, 2023 to 2033
7.3.1. Gas
7.3.2. Liquid
7.4. Y-o-Y Growth Trend Analysis By Source, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Source, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. The USA
9.2.1.2. Canada
9.2.2. By Power Output
9.2.3. By Application
9.2.4. By Source
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Power Output
9.3.3. By Application
9.3.4. By Source
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Power Output
10.2.3. By Application
10.2.4. By Source
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Power Output
10.3.3. By Application
10.3.4. By Source
10.4. Key Takeaways
11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Power Output
11.2.3. By Application
11.2.4. By Source
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Power Output
11.3.3. By Application
11.3.4. By Source
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Power Output
12.2.3. By Application
12.2.4. By Source
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Power Output
12.3.3. By Application
12.3.4. By Source
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Power Output
13.2.3. By Application
13.2.4. By Source
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Power Output
13.3.3. By Application
13.3.4. By Source
13.4. Key Takeaways
14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Power Output
14.2.3. By Application
14.2.4. By Source
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Power Output
14.3.3. By Application
14.3.4. By Source
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Power Output
15.2.3. By Application
15.2.4. By Source
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Power Output
15.3.3. By Application
15.3.4. By Source
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2022
16.1.2.1. By Power Output
16.1.2.2. By Application
16.1.2.3. By Source
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2022
16.2.2.1. By Power Output
16.2.2.2. By Application
16.2.2.3. By Source
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2022
16.3.2.1. By Power Output
16.3.2.2. By Application
16.3.2.3. By Source
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2022
16.4.2.1. By Power Output
16.4.2.2. By Application
16.4.2.3. By Source
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2022
16.5.2.1. By Power Output
16.5.2.2. By Application
16.5.2.3. By Source
16.6. United Kingdom
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2022
16.6.2.1. By Power Output
16.6.2.2. By Application
16.6.2.3. By Source
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2022
16.7.2.1. By Power Output
16.7.2.2. By Application
16.7.2.3. By Source
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2022
16.8.2.1. By Power Output
16.8.2.2. By Application
16.8.2.3. By Source
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2022
16.9.2.1. By Power Output
16.9.2.2. By Application
16.9.2.3. By Source
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2022
16.10.2.1. By Power Output
16.10.2.2. By Application
16.10.2.3. By Source
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2022
16.11.2.1. By Power Output
16.11.2.2. By Application
16.11.2.3. By Source
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2022
16.12.2.1. By Power Output
16.12.2.2. By Application
16.12.2.3. By Source
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2022
16.13.2.1. By Power Output
16.13.2.2. By Application
16.13.2.3. By Source
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2022
16.14.2.1. By Power Output
16.14.2.2. By Application
16.14.2.3. By Source
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2022
16.15.2.1. By Power Output
16.15.2.2. By Application
16.15.2.3. By Source
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2022
16.16.2.1. By Power Output
16.16.2.2. By Application
16.16.2.3. By Source
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2022
16.17.2.1. By Power Output
16.17.2.2. By Application
16.17.2.3. By Source
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2022
16.18.2.1. By Power Output
16.18.2.2. By Application
16.18.2.3. By Source
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2022
16.19.2.1. By Power Output
16.19.2.2. By Application
16.19.2.3. By Source
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2022
16.20.2.1. By Power Output
16.20.2.2. By Application
16.20.2.3. By Source
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2022
16.21.2.1. By Power Output
16.21.2.2. By Application
16.21.2.3. By Source
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2022
16.22.2.1. By Power Output
16.22.2.2. By Application
16.22.2.3. By Source
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2022
16.23.2.1. By Power Output
16.23.2.2. By Application
16.23.2.3. By Source
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Power Output
17.3.3. By Application
17.3.4. By Source
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Siemens AG
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. General Electric
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. Ansaldo Energia S.p.A.
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. Mitsubishi Heavy Industries, Ltd.
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. Kawasaki Heavy Industries, Ltd.
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. Ming Yang
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Guodian Value (US$ Million) & Volume (Units)ed Power
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. Nordex
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. Dewind, Senvion
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Wärtsilä
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
18.1.11. MHPS
18.1.11.1. Overview
18.1.11.2. Product Portfolio
18.1.11.3. Profitability by Market Segments
18.1.11.4. Sales Footprint
18.1.11.5. Strategy Overview
18.1.11.5.1. Marketing Strategy
18.1.11.5.2. Product Strategy
18.1.11.5.3. Channel Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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