A turbine blade is the individual component which makes up the turbine section of a gas turbine or steam turbine. The blades are responsible for extracting energy from the high temperature, high pressure gas produced by the combustor. The turbine blades are often the limiting component of gas turbines. To survive in this difficult environment, turbine blades often use exotic materials like superalloys and many different methods of cooling, such as internal air channels, boundary layer cooling, and thermal barrier coatings. Blade fatigue is a major source of failure in steam turbines and gas turbines. Fatigue is caused by the stress induced by vibration and resonance within the operating range of machinery. To protect blades from these high dynamic stresses, friction dampers are used.
Market Analysis and Insights: Global Turbine Blades and Vanes Market
Due to the COVID-19 pandemic, the global Turbine Blades and Vanes market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, High-pressure accounting for % of the Turbine Blades and Vanes global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Civil Aircraft segment is altered to an % CAGR throughout this forecast period.
China Turbine Blades and Vanes market size is valued at US$ million in 2021, while the US and Europe Turbine Blades and Vanes are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Turbine Blades and Vanes landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Turbine Blades and Vanes include BTL, GE Aviation, GKN Aerospace, Rolls Royce, Turbocam International, Collins Aerospace, Chromalloy, Moeller Aerospace and Safran Aircraft Engines, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Turbine Blades and Vanes capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Turbine Blades and Vanes by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Turbine Blades and Vanes Scope and Segment
Turbine Blades and Vanes market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Turbine Blades and Vanes market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
High-pressure
Low-pressure
Segment by Application
Civil Aircraft
Military Aircraft
By Company
BTL
GE Aviation
GKN Aerospace
Rolls Royce
Turbocam International
Collins Aerospace
Chromalloy
Moeller Aerospace
Safran Aircraft Engines
C*Blade S.p.a. Forging & Manufacturing
Stork
Pacific Sky Supply, Inc.
Wuxi Turbine Blade
Arconic
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E