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.
North America Turbine Blades and Vanes market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major 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 terms of revenue, the global 3 largest players have a % market share of Turbine Blades and Vanes in 2021.
Global Turbine Blades and Vanes Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Turbine Blades and Vanes Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
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