Report Outlook
Indirect drive turbines use a gearbox or belt to transfer power from the turbine shaft to the driven equipment, allowing flexible configurations and better control of rotational speeds. They are used extensively in power generation and industrial processes requiring reliable and efficient mechanical energy transfer.The Indirect Drive Turbine market is experiencing robust growth, projected to achieve a compound annual growth rate CAGR of 8% during the forecast period. Valued at 4.5Billion, the market is expected to reach 7.5Billion by 2032, with a year-on-year growth rate of 6.50%.
Indirect Drive Turbine Market Size in (USD Billion) CAGR Growth Rate 8%
| Study Period | 2020-2032 |
| Market Size (2024): | 4.5Billion |
| Market Size (2032): | 7.5Billion |
| CAGR (2024 - 2032): | 8% |
| Fastest Growing Region | Asia-Pacific |
| Dominating Region | North America |
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This market research report provides a thorough analysis of the Indirect Drive Turbine, offering a detailed examination of key trends, drivers, and challenges shaping the industry. The report begins with an overview of the market's current landscape, including size, growth potential, and competitive dynamics. It delves into the factors driving market expansion, such as technological innovations and evolving consumer preferences, while also addressing the restraints that may impact growth, including regulatory constraints and economic uncertainties. Through comprehensive data analysis and strategic insights, the report equips stakeholders with the knowledge needed to make informed decisions, identify emerging opportunities, and navigate potential risks. This in-depth analysis is designed to support strategic planning and enhance competitive positioning within the market.
Report Importance
Understanding the future market is essential for investors and existing businesses to make informed decisions and strategic plans. Market reports that offer forecasts and future trends provide critical insights into potential opportunities and challenges that lie ahead. These reports help investors evaluate the long-term viability of their investments by highlighting projected market growth, emerging trends, and potential risks. For existing businesses, such reports offer valuable information on evolving consumer preferences, technological advancements, and competitive dynamics, enabling them to adapt their strategies and remain competitive. By analyzing future market conditions, companies can make proactive decisions, optimize resource allocation, and identify areas for innovation. Ultimately, such reports serve as a strategic tool for planning, risk management, and capitalizing on new growth opportunities, ensuring informed decision-making and sustained business success.For the complete company list, please ask for sample pages. Need More Details on Market Players and Competitors?
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Competitive landscape
The key players in the Indirect Drive Turbine are intensifying their focus on research and development (R&D) activities to innovate and stay competitive. Major companies, such as- Siemens Energy (Germany)
- General Electric (USA)
- Mitsubishi Hitachi Power Systems (Japan)
- Ansaldo Energia (Italy)
- Alstom (France)
- Doosan Heavy Industries (South Korea)
- MAN Energy Solutions (Germany)
- Bharat Heavy Electricals (India)
- Solar Turbines (USA)
- Kawasaki Heavy Industries (Japan)
- Rolls-Royce (UK)
- Toshiba (Japan)
- Siemens Gamesa (Spain)
- Fuji Electric (Japan)
Moreover, these established industry leaders are actively pursuing acquisitions of smaller companies to expand their regional presence and enhance their market share. These acquisitions not only help in diversifying their product portfolios but also provide access to new technologies and markets. This consolidation trend is a critical factor in the growth of the Indirect Drive Turbine, as it enables larger companies to streamline operations, reduce costs, and increase their competitive edge.
In addition to R&D and acquisitions, there is a notable shift towards green investments among key players in the Indirect Drive Turbine. Companies are increasingly committing resources to sustainable practices and the development of environmentally friendly products. This green investment is in response to growing consumer demand for sustainable solutions and stringent environmental regulations. By prioritizing sustainability, these companies are not only contributing to environmental protection but also positioning themselves as leaders in the green chemistry movement, thereby fueling market growth.
Regional Insight
The North America leads the market share, largely due to rising consumption, a growing population, and strong economic momentum that boosts demand. In contrast, the Asia-Pacific is emerging as the fastest-growing area, driven by rapid infrastructure development, the expansion of industrial sectors, and heightened consumer demand, making it a critical factor for future market growth. Regions covered in our report areThis report also splits the market by region:
Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
Dominating Region
North America
{FASTEST_ROWING_REGION_MAP}
Market Segmentation
:Segmentation by Type
- Steam turbines
- Gas turbines
- Hydroelectric turbines
- Wind turbines
Indirect Drive Turbine Market Segmentation by Type
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Segmentation by Application
- Power plants
- Industrial drives
- Marine propulsion
- Oil & gas
- Renewable energy
Indirect Drive Turbine Market Segmentation by Application
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Indirect Drive Turbine Market Dynamics
Influencing Trend:
- Digital control systems
- Hybrid power plants
- Efficiency improvements
- Condition monitoring
Market Growth Drivers:
- Demand For Power
- Energy Efficiency
- Industrial Growth
- Renewables Integration
Challenges:
- High Initial Costs
- Maintenance Complexity
- Gearbox Reliability
- Energy Losses
Opportunities:
- New Power Plants
- Retrofit Projects
- Offshore Energy
- Combined Cycle Plants
Research Methodology
The research methodology for this involves several key steps to ensure comprehensive and accurate insights. First, the objectives of the research are clearly defined, focusing on aspects such as market size, growth trends, and competitive dynamics. Data collection is conducted through both primary and secondary methods. Primary research includes interviews with industry experts, surveys, and focus groups to gather first-hand information, while secondary research involves analyzing existing reports, government publications, and company filings.The collected data is then subjected to rigorous analysis, with quantitative methods used to evaluate market size and trends and qualitative methods applied to understand industry dynamics and consumer behavior. Findings are compiled into a detailed report featuring key insights, data visualizations, and strategic recommendations. Validation is achieved through data verification and peer reviews to ensure accuracy.
Finally, the research concludes with actionable insights and recommendations, along with suggestions for future studies to address emerging trends and gaps. This methodology provides a structured approach to understanding the {keywords} and guiding strategic decisions.
Market Entropy
- Week of June 2025: Siemens completed its acquisition of ebm‑papst’s industrial drive technology business (related to indirect-drive turbine components), expanding its global product line.
Patent Analysis
- Patents focus on turbine blade design, heat management, and drive train efficiency.
Investment and Funding Scenario
- High investments from power generation and industrial manufacturing sectors.
Market Estimation Process
Market Segmentation Overview
• Type Segmentation: categorizes products by their specific variants, helping businesses identify demand drivers and innovate effectively.
• Application Segmentation: Divides the market based on product usage across industries, enabling targeted marketing and growth identification.
• Geographic Segmentation: Segments the market by location, allowing for tailored strategies based on regional preferences and economic factors.
• Customer Segmentation: Focuses on demographics like age, gender, and income, enabling personalized marketing and improved customer targeting.
• Distribution Channel Segmentation: categorizes by how products reach customers, optimizing supply chain and sales strategies.
SWOT Analysis
SWOT analysis in the healthcare industry involves a structured assessment of strengths, weaknesses, opportunities, and threats to identify strategic advantages and areas for improvement.• Strengths: Evaluates internal factors such as advanced technology, skilled personnel, and a strong brand reputation. For example, a hospital with cutting-edge medical equipment and specialized staff is considered to have a strong competitive edge.
• Weaknesses: Identifies internal limitations like outdated facilities, regulatory compliance issues, or high operational costs. Weaknesses could include inefficient processes or lack of innovation.
• Opportunities: Assesses external factors that could drive growth, such as emerging medical technologies, expanding markets, or favorable government policies. Opportunities might involve partnerships or new service lines.
• Threats: Examines external challenges such as increasing competition, changing regulations, or economic downturns. Threats might include new entrants with disruptive technologies or stricter regulatory requirements.
Market Highlights
|
Report Features |
Details |
|
Base Year |
2024 |
|
Based Year Market Size |
4.5Billion |
|
Historical Period |
2020 |
|
CAGR (2024 to 2032) |
8% |
|
Forecast Period |
2032 |
|
Forecasted Period Market Size (2032) |
7.5Billion |
|
Scope of the Report |
Steam turbines,Gas turbines,Hydroelectric turbines,Wind turbines, Power plants,Industrial drives,Marine propulsion,Oil & gas,Renewable energy, Sales Channel |
|
Regions Covered |
North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA |
|
Companies Covered |
Siemens Energy (Germany),General Electric (USA),Mitsubishi Hitachi Power Systems (Japan),Ansaldo Energia (Italy),Alstom (France),Doosan Heavy Industries (South Korea),MAN Energy Solutions (Germany),Bharat Heavy Electricals (India),Solar Turbines (USA),Kawasaki Heavy Industries (Japan),Rolls-Royce (UK),Toshiba (Japan),Siemens Gamesa (Spain),Fuji Electric (Japan) |
|
Customization Scope |
15% Free Customization (For EG) |
|
Delivery Format |
PDF and Excel through Email |
Indirect Drive Turbine - Table of Contents
Chapter 1: Market Preface
- 1.1 Global Indirect Drive Turbine Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global Indirect Drive Turbine Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global Indirect Drive Turbine Market Business Environment & Changing Dynamics
-
3.1 Growth Drivers
- 3.1.1 Demand for power
- 3.1.2 Energy efficiency
- 3.1.3 Industrial growth
- 3.1.4 Renewables integration
-
3.2 Available Opportunities
- 3.2.1 New power plants
- 3.2.2 Retrofit projects
- 3.2.3 Offshore energy
- 3.2.4 C
-
3.3 Influencing Trends
- 3.3.1 Digital control systems
- 3.3.2 Hybrid power plants
- 3.3.3 Efficien
-
3.4 Challenges
- 3.4.1 High initial costs
- 3.4.2 Maintenance complexity
- 3.4.3 Gearbox re
- 3.5 Regional Dynamics
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Chapter 4 : Global Indirect Drive Turbine Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of Indirect Drive Turbine Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
- 4.9 Impact of Tariff War
Chapter 5: Indirect Drive Turbine : Competition Benchmarking & Performance Evaluation
- 5.1 Global Indirect Drive Turbine Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by Indirect Drive Turbine Revenue 2024
- 5.3 BCG Matrix
- 5.3 Market Entropy
- 5.4 5C’s Analysis
- 5.5 Ansoff Matrix
Chapter 6: Global Indirect Drive Turbine Market: Company Profiles
- 6.1 Siemens Energy (Germany)
- 6.1.1 Siemens Energy (Germany) Company Overview
- 6.1.2 Siemens Energy (Germany) Product/Service Portfolio & Specifications
- 6.1.3 Siemens Energy (Germany) Key Financial Metrics
- 6.1.4 Siemens Energy (Germany) SWOT Analysis
- 6.1.5 Siemens Energy (Germany) Development Activities
- 6.2 General Electric (USA)
- 6.3 Mitsubishi Hitachi Power Systems (Japan)
- 6.4 Ansaldo Energia (Italy)
- 6.5 Alstom (France)
- 6.6 Doosan Heavy Industries (South Korea)
- 6.7 MAN Energy Solutions (Germany)
- 6.8 Bharat Heavy Electricals (India)
- 6.9 Solar Turbines (USA)
- 6.10 Kawasaki Heavy Industries (Japan)
- 6.11 Rolls-Royce (UK)
- 6.12 Toshiba (Japan)
- 6.13 Siemens Gamesa (Spain)
- 6.14 Fuji Electric (Japan)
- 6.15 Shanghai Electric (China)
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Sectional Purchase
Chapter 7 : Global Indirect Drive Turbine by Type & Application (2020-2032)
-
7.1 Global Indirect Drive Turbine Market Revenue Analysis (USD Million) by Type (2020-2024)
- 7.1.1 Steam Turbines
- 7.1.2 Gas Turbines
- 7.1.3 Hydroelectric Turbines
- 7.1.4 Wind Turbines
- 7.1.5 Microturbines
-
7.2 Global Indirect Drive Turbine Market Revenue Analysis (USD Million) by Application (2020-2024)
- 7.2.1 Power Plants
- 7.2.2 Industrial Drives
- 7.2.3 Marine Propulsion
- 7.2.4 Oil & Gas
- 7.2.5 Renewable Energy
- 7.3 Global Indirect Drive Turbine Market Revenue Analysis (USD Million) by Type (2024-2032)
- 7.4 Global Indirect Drive Turbine Market Revenue Analysis (USD Million) by Application (2024-2032)
Chapter 8 : North America Indirect Drive Turbine Market Breakdown by Country, Type & Application
- 8.1 North America Indirect Drive Turbine Market by Country (USD Million) [2020-2024]
- 8.1.1 United States
- 8.1.2 Canada
-
8.2 North America Indirect Drive Turbine Market by Type (USD Million) [2020-2024]
- 8.2.1 Steam Turbines
- 8.2.2 Gas Turbines
- 8.2.3 Hydroelectric Turbines
- 8.2.4 Wind Turbines
- 8.2.5 Microturbines
-
8.3 North America Indirect Drive Turbine Market by Application (USD Million) [2020-2024]
- 8.3.1 Power Plants
- 8.3.2 Industrial Drives
- 8.3.3 Marine Propulsion
- 8.3.4 Oil & Gas
- 8.3.5 Renewable Energy
- 8.4 North America Indirect Drive Turbine Market by Country (USD Million) [2025-2032]
- 8.5 North America Indirect Drive Turbine Market by Type (USD Million) [2025-2032]
- 8.6 North America Indirect Drive Turbine Market by Application (USD Million) [2025-2032]
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Chapter 9 : LATAM Indirect Drive Turbine Market Breakdown by Country, Type & Application
- 9.1 LATAM Indirect Drive Turbine Market by Country (USD Million) [2020-2024]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
-
9.2 LATAM Indirect Drive Turbine Market by Type (USD Million) [2020-2024]
- 9.2.1 Steam Turbines
- 9.2.2 Gas Turbines
- 9.2.3 Hydroelectric Turbines
- 9.2.4 Wind Turbines
- 9.2.5 Microturbines
-
9.3 LATAM Indirect Drive Turbine Market by Application (USD Million) [2020-2024]
- 9.3.1 Power Plants
- 9.3.2 Industrial Drives
- 9.3.3 Marine Propulsion
- 9.3.4 Oil & Gas
- 9.3.5 Renewable Energy
- 9.4 LATAM Indirect Drive Turbine Market by Country (USD Million) [2025-2032]
- 9.5 LATAM Indirect Drive Turbine Market by Type (USD Million) [2025-2032]
- 9.6 LATAM Indirect Drive Turbine Market by Application (USD Million) [2025-2032]
Chapter 10 : West Europe Indirect Drive Turbine Market Breakdown by Country, Type & Application
- 10.1 West Europe Indirect Drive Turbine Market by Country (USD Million) [2020-2024]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
-
10.2 West Europe Indirect Drive Turbine Market by Type (USD Million) [2020-2024]
- 10.2.1 Steam Turbines
- 10.2.2 Gas Turbines
- 10.2.3 Hydroelectric Turbines
- 10.2.4 Wind Turbines
- 10.2.5 Microturbines
-
10.3 West Europe Indirect Drive Turbine Market by Application (USD Million) [2020-2024]
- 10.3.1 Power Plants
- 10.3.2 Industrial Drives
- 10.3.3 Marine Propulsion
- 10.3.4 Oil & Gas
- 10.3.5 Renewable Energy
- 10.4 West Europe Indirect Drive Turbine Market by Country (USD Million) [2025-2032]
- 10.5 West Europe Indirect Drive Turbine Market by Type (USD Million) [2025-2032]
- 10.6 West Europe Indirect Drive Turbine Market by Application (USD Million) [2025-2032]
Chapter 11 : Central & Eastern Europe Indirect Drive Turbine Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe Indirect Drive Turbine Market by Country (USD Million) [2020-2024]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
-
11.2 Central & Eastern Europe Indirect Drive Turbine Market by Type (USD Million) [2020-2024]
- 11.2.1 Steam Turbines
- 11.2.2 Gas Turbines
- 11.2.3 Hydroelectric Turbines
- 11.2.4 Wind Turbines
- 11.2.5 Microturbines
-
11.3 Central & Eastern Europe Indirect Drive Turbine Market by Application (USD Million) [2020-2024]
- 11.3.1 Power Plants
- 11.3.2 Industrial Drives
- 11.3.3 Marine Propulsion
- 11.3.4 Oil & Gas
- 11.3.5 Renewable Energy
- 11.4 Central & Eastern Europe Indirect Drive Turbine Market by Country (USD Million) [2025-2032]
- 11.5 Central & Eastern Europe Indirect Drive Turbine Market by Type (USD Million) [2025-2032]
- 11.6 Central & Eastern Europe Indirect Drive Turbine Market by Application (USD Million) [2025-2032]
Chapter 12 : Northern Europe Indirect Drive Turbine Market Breakdown by Country, Type & Application
- 12.1 Northern Europe Indirect Drive Turbine Market by Country (USD Million) [2020-2024]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
-
12.2 Northern Europe Indirect Drive Turbine Market by Type (USD Million) [2020-2024]
- 12.2.1 Steam Turbines
- 12.2.2 Gas Turbines
- 12.2.3 Hydroelectric Turbines
- 12.2.4 Wind Turbines
- 12.2.5 Microturbines
-
12.3 Northern Europe Indirect Drive Turbine Market by Application (USD Million) [2020-2024]
- 12.3.1 Power Plants
- 12.3.2 Industrial Drives
- 12.3.3 Marine Propulsion
- 12.3.4 Oil & Gas
- 12.3.5 Renewable Energy
- 12.4 Northern Europe Indirect Drive Turbine Market by Country (USD Million) [2025-2032]
- 12.5 Northern Europe Indirect Drive Turbine Market by Type (USD Million) [2025-2032]
- 12.6 Northern Europe Indirect Drive Turbine Market by Application (USD Million) [2025-2032]
Chapter 13 : Southern Europe Indirect Drive Turbine Market Breakdown by Country, Type & Application
- 13.1 Southern Europe Indirect Drive Turbine Market by Country (USD Million) [2020-2024]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
-
13.2 Southern Europe Indirect Drive Turbine Market by Type (USD Million) [2020-2024]
- 13.2.1 Steam Turbines
- 13.2.2 Gas Turbines
- 13.2.3 Hydroelectric Turbines
- 13.2.4 Wind Turbines
- 13.2.5 Microturbines
-
13.3 Southern Europe Indirect Drive Turbine Market by Application (USD Million) [2020-2024]
- 13.3.1 Power Plants
- 13.3.2 Industrial Drives
- 13.3.3 Marine Propulsion
- 13.3.4 Oil & Gas
- 13.3.5 Renewable Energy
- 13.4 Southern Europe Indirect Drive Turbine Market by Country (USD Million) [2025-2032]
- 13.5 Southern Europe Indirect Drive Turbine Market by Type (USD Million) [2025-2032]
- 13.6 Southern Europe Indirect Drive Turbine Market by Application (USD Million) [2025-2032]
Chapter 14 : East Asia Indirect Drive Turbine Market Breakdown by Country, Type & Application
- 14.1 East Asia Indirect Drive Turbine Market by Country (USD Million) [2020-2024]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
-
14.2 East Asia Indirect Drive Turbine Market by Type (USD Million) [2020-2024]
- 14.2.1 Steam Turbines
- 14.2.2 Gas Turbines
- 14.2.3 Hydroelectric Turbines
- 14.2.4 Wind Turbines
- 14.2.5 Microturbines
-
14.3 East Asia Indirect Drive Turbine Market by Application (USD Million) [2020-2024]
- 14.3.1 Power Plants
- 14.3.2 Industrial Drives
- 14.3.3 Marine Propulsion
- 14.3.4 Oil & Gas
- 14.3.5 Renewable Energy
- 14.4 East Asia Indirect Drive Turbine Market by Country (USD Million) [2025-2032]
- 14.5 East Asia Indirect Drive Turbine Market by Type (USD Million) [2025-2032]
- 14.6 East Asia Indirect Drive Turbine Market by Application (USD Million) [2025-2032]
Chapter 15 : Southeast Asia Indirect Drive Turbine Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia Indirect Drive Turbine Market by Country (USD Million) [2020-2024]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
-
15.2 Southeast Asia Indirect Drive Turbine Market by Type (USD Million) [2020-2024]
- 15.2.1 Steam Turbines
- 15.2.2 Gas Turbines
- 15.2.3 Hydroelectric Turbines
- 15.2.4 Wind Turbines
- 15.2.5 Microturbines
-
15.3 Southeast Asia Indirect Drive Turbine Market by Application (USD Million) [2020-2024]
- 15.3.1 Power Plants
- 15.3.2 Industrial Drives
- 15.3.3 Marine Propulsion
- 15.3.4 Oil & Gas
- 15.3.5 Renewable Energy
- 15.4 Southeast Asia Indirect Drive Turbine Market by Country (USD Million) [2025-2032]
- 15.5 Southeast Asia Indirect Drive Turbine Market by Type (USD Million) [2025-2032]
- 15.6 Southeast Asia Indirect Drive Turbine Market by Application (USD Million) [2025-2032]
Chapter 16 : South Asia Indirect Drive Turbine Market Breakdown by Country, Type & Application
- 16.1 South Asia Indirect Drive Turbine Market by Country (USD Million) [2020-2024]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
-
16.2 South Asia Indirect Drive Turbine Market by Type (USD Million) [2020-2024]
- 16.2.1 Steam Turbines
- 16.2.2 Gas Turbines
- 16.2.3 Hydroelectric Turbines
- 16.2.4 Wind Turbines
- 16.2.5 Microturbines
-
16.3 South Asia Indirect Drive Turbine Market by Application (USD Million) [2020-2024]
- 16.3.1 Power Plants
- 16.3.2 Industrial Drives
- 16.3.3 Marine Propulsion
- 16.3.4 Oil & Gas
- 16.3.5 Renewable Energy
- 16.4 South Asia Indirect Drive Turbine Market by Country (USD Million) [2025-2032]
- 16.5 South Asia Indirect Drive Turbine Market by Type (USD Million) [2025-2032]
- 16.6 South Asia Indirect Drive Turbine Market by Application (USD Million) [2025-2032]
Chapter 17 : Central Asia Indirect Drive Turbine Market Breakdown by Country, Type & Application
- 17.1 Central Asia Indirect Drive Turbine Market by Country (USD Million) [2020-2024]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
-
17.2 Central Asia Indirect Drive Turbine Market by Type (USD Million) [2020-2024]
- 17.2.1 Steam Turbines
- 17.2.2 Gas Turbines
- 17.2.3 Hydroelectric Turbines
- 17.2.4 Wind Turbines
- 17.2.5 Microturbines
-
17.3 Central Asia Indirect Drive Turbine Market by Application (USD Million) [2020-2024]
- 17.3.1 Power Plants
- 17.3.2 Industrial Drives
- 17.3.3 Marine Propulsion
- 17.3.4 Oil & Gas
- 17.3.5 Renewable Energy
- 17.4 Central Asia Indirect Drive Turbine Market by Country (USD Million) [2025-2032]
- 17.5 Central Asia Indirect Drive Turbine Market by Type (USD Million) [2025-2032]
- 17.6 Central Asia Indirect Drive Turbine Market by Application (USD Million) [2025-2032]
Chapter 18 : Oceania Indirect Drive Turbine Market Breakdown by Country, Type & Application
- 18.1 Oceania Indirect Drive Turbine Market by Country (USD Million) [2020-2024]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
-
18.2 Oceania Indirect Drive Turbine Market by Type (USD Million) [2020-2024]
- 18.2.1 Steam Turbines
- 18.2.2 Gas Turbines
- 18.2.3 Hydroelectric Turbines
- 18.2.4 Wind Turbines
- 18.2.5 Microturbines
-
18.3 Oceania Indirect Drive Turbine Market by Application (USD Million) [2020-2024]
- 18.3.1 Power Plants
- 18.3.2 Industrial Drives
- 18.3.3 Marine Propulsion
- 18.3.4 Oil & Gas
- 18.3.5 Renewable Energy
- 18.4 Oceania Indirect Drive Turbine Market by Country (USD Million) [2025-2032]
- 18.5 Oceania Indirect Drive Turbine Market by Type (USD Million) [2025-2032]
- 18.6 Oceania Indirect Drive Turbine Market by Application (USD Million) [2025-2032]
Chapter 19 : MEA Indirect Drive Turbine Market Breakdown by Country, Type & Application
- 19.1 MEA Indirect Drive Turbine Market by Country (USD Million) [2020-2024]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
-
19.2 MEA Indirect Drive Turbine Market by Type (USD Million) [2020-2024]
- 19.2.1 Steam Turbines
- 19.2.2 Gas Turbines
- 19.2.3 Hydroelectric Turbines
- 19.2.4 Wind Turbines
- 19.2.5 Microturbines
-
19.3 MEA Indirect Drive Turbine Market by Application (USD Million) [2020-2024]
- 19.3.1 Power Plants
- 19.3.2 Industrial Drives
- 19.3.3 Marine Propulsion
- 19.3.4 Oil & Gas
- 19.3.5 Renewable Energy
- 19.4 MEA Indirect Drive Turbine Market by Country (USD Million) [2025-2032]
- 19.5 MEA Indirect Drive Turbine Market by Type (USD Million) [2025-2032]
- 19.6 MEA Indirect Drive Turbine Market by Application (USD Million) [2025-2032]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
-
21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
-
21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
Frequently Asked Questions (FAQ):
The Global Indirect Drive Turbine market size surpassed 4.5 Billion in 2024 and will expand at a CAGR of 8% between 2024 and 2032.
The Indirect Drive Turbine Market is estimated to grow at a CAGR of 8%, currently pegged at 4.5 Billion.
The changing dynamics and trends such as Digital Control Systems,Hybrid Power Plants,Efficiency Improvements,Condition Monitoring,Lightweight Materials are seen as major Game Changer in Global Indirect Drive Turbine Market.
The leaders in the Global Indirect Drive Turbine Market such as Siemens Energy (Germany),General Electric (USA),Mitsubishi Hitachi Power Systems (Japan),Ansaldo Energia (Italy),Alstom (France),Doosan Heavy Industries (South Korea),MAN Energy Solutions (Germany),Bharat Heavy Electricals (India),Solar Turbines (USA),Kawasaki Heavy Industries (Japan),Rolls-Royce (UK),Toshiba (Japan),Siemens Gamesa (Spain),Fuji Electric (Japan),Shanghai Electric (China) are targeting innovative and differentiated growth drivers some of them are Demand For Power,Energy Efficiency,Industrial Growth,Renewables Integration,Tech Advances
As Industry players prepare to scale up, Indirect Drive Turbine Market sees major concern such as High Initial Costs,Maintenance Complexity,Gearbox Reliability,Energy Losses,Regulatory Compliance.
Some of the opportunities that Analyst at HTF MI have identified in Indirect Drive Turbine Market are:
- New Power Plants
- Retrofit Projects
- Offshore Energy
- Combined Cycle Plants
- Emerging Markets
Siemens Energy (Germany),General Electric (USA),Mitsubishi Hitachi Power Systems (Japan),Ansaldo Energia (Italy),Alstom (France),Doosan Heavy Industries (South Korea),MAN Energy Solutions (Germany),Bharat Heavy Electricals (India),Solar Turbines (USA),Kawasaki Heavy Industries (Japan),Rolls-Royce (UK),Toshiba (Japan),Siemens Gamesa (Spain),Fuji Electric (Japan),Shanghai Electric (China) etc are the main players listed in the Global Indirect Drive Turbine Market Study.
The Global Indirect Drive Turbine Market Study is Broken down by applications such as Power plants,Industrial drives,Marine propulsion,Oil & gas,Renewable energy.
The Global Indirect Drive Turbine Market Study is segmented by Steam turbines,Gas turbines,Hydroelectric turbines,Wind turbines,Microturbines.
The Global Indirect Drive Turbine Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
Historical Year: 2020 - Base year: 2024. Forecast period**: 2025 to 2032 [** unless otherwise stated]
Indirect drive turbines use a gearbox or belt to transfer power from the turbine shaft to the driven equipment, allowing flexible configurations and better control of rotational speeds. They are used extensively in power generation and industrial processes requiring reliable and efficient mechanical energy transfer.
