Single Shaft Turbine Market, By Type (Gas Turbines, Steam Turbines, Hydraulic Turbines, Wind Turbines, and Others), By Power Rating (Up to 50 MW, 50-100 MW, 100-300 MW, 300-500 MW, 500-700 MW, Above 700 MW, and Others), By End-use Industry (Power Generation, Oil & Gas, Industrial, Aviation, Marine, and Others), By Application (Power Plants, Oil & Gas Industry, Chemical Industry, Steel Industry, Mining Industry, Aviation, and Marine), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Feb 2024

Code : CMI6346

Pages :210

Formats :

Excel and PDF

Industry : Energy

Market News

Recent Developments

New product launches

In May 2020, Siemens is a multinational conglomerate renowned for its diverse portfolio of products and services in electrification, automation, and digitalization loaded its largest, most powerful, and efficient heavy-duty gas turbine onto an inland cargo ship today in Berlin, Germany. The turbine is en route to Keadby, Lincolnshire, in the U.K., where it will undergo testing at a power plant operated by SSE Thermal, a U.K.-based energy generator.
In July 2023, General Electric is a multinational conglomerate known for its wide array of products and services spanning various sectors Marine entered into a contract with TAIS OG-STM İş Ortaklığı is a partnership entity based in Istanbul, Turkey. This joint venture involves collaboration between various companies or stakeholders under a unified structure, aiming to pursue specific projects or ventures to supply the LM2500 marine gas turbine engine. This will be housed in a novel lightweight composite enclosure for the Turkish MILGEM Project's İstif-Class frigates 6, 7, and 8.
In May 2021, Voith Hydro is a renowned company specializing in hydropower technology and equipment unveiled the latest iteration of hydraulic turbine governors. Since the end of last year, the HyCon GoHybrid has been operational at the hydropower plant in Wiblingen, Germany, managed by SWU Energy GmbH (a subsidiary of Stadtwerke Ulm/Neu-Ulm GmbH). The plant operator is impressed by the swift and straightforward installation process and the governor's performance.

Acquisition and partnerships

In March 2023, Vestas is a prominent global company known for its leadership in wind energy solutions. Specializing in the design, manufacturing, installation, and servicing of wind turbines, Vestas plays a key role in the renewable energy sector and KK Wind Solutions is a company specializing in providing innovative solutions for the wind energy sector enhanced their partnership through the transfer of the converters and controls for the wind industry
In March 2022, Voith is a global technology company that operates across various industries, including energy, oil and gas, paper, raw materials, and transportation and automotive sectors successfully finalized the acquisition of all shares in Voith Hydro from its former joint venture partner, Siemens Energy is a leading global company specializing in energy technology and solutions
In October 2021, Toshiba is a multinational conglomerate known for its diverse range of products and services across various industries, including electronics, infrastructure, energy, and social infrastructure finalized the acquisition of GP Strategies' EtaPRO Business