Turbine Manufacturing Report Summary

SIC Codes: 3511
NAICS Codes: 333611

Turbine Manufacturing Industry Overview

Excerpt from Turbine Manufacturing Report

Companies in this industry manufacture turbines (steam, hydraulic, gas, and wind) and complete turbine generator set units. Major manufacturers include divisions of Caterpillar and General Electric (both of the US), as well as Hitachi (Japan), Siemens (Germany), Vestas Wind Systems (Denmark), and Xinjiang Goldwind (China).

Competitive Landscape

Demand for turbines is driven by the level of overall industrial activity, and growth in the power generation industry. The profitability of individual companies depends on engineering expertise and efficient production. Large companies have economies of scale in purchasing. Small companies can compete effectively by specializing in niche turbine applications. The US industry is highly concentrated: the top 50 companies account for more than 95% of industry revenue.

Products, Operations & Technology

Major US product categories include gas turbines (30% of industry revenue), parts and accessories for turbines and turbine generator sets (25%), turbine generator sets (20%), and steam turbines (5%). Other products include water and wind turbines. Large gas, steam, water, and wind turbines are used to generate electricity at electrical power plants. Smaller turbines can be used as mechanical drives for industrial processes like oil and gas production, and for use in turbine generators and generators sets which produce electrical power on a smaller scale for back-up power.

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