Steam Turbine Market 2024: Global Industry Top key Players – Siemens, Mitsui, Fuji Electric, Toshiba, Kawasaki Heavy Industries, GE, BHEL, Eliott Group, Ansaldo Energia, Harbine Turbine

Market Study Report recently introduced new title on “2018-2024 Global Steam Turbine Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.

Steam Turbine Market is predicted to surpass USD 24 Billion by 2024. Stringent government norms to promote clean fuels along with accelerating investments toward the development of thermal power plants will foster the industry growth. Growing inclination toward the efficient consumption of energy will further stimulate the business outlook. According to EIA, in last five years the combined cycle capacity has amplified by 14% across the U.S.

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UK steam turbine market is set to surpass USD 190 million by 2024. Shifting trends toward cogeneration and CHP based electricity generating plants along with strict regulatory norms toward coal-based power plants will propel the industry outlook. Refurbishment of existing generating stations with an aim to reduce carbon emissions and improve efficiency will stimulate the business growth.

Ongoing deployment of coal-based plants across the Africa owing to low fuel prices and improved efficiency will stimulate the condensing steam turbine market. Low maintenance cost, improved efficiencies, high thermal efficiency and reduced carbon footprints are some of the prominent features which will stimulate the product adoption. In addition, the rising power demand across the emerging economies along with stringent regulatory measures to enhance the electricity demand will foster the industry outlook.

3- 100 MW capacity plant is projected to expand over 8% by 2024. Growing installation of gas-based plants owing to their high electricity output and higher efficiency ratio will foster the steam turbine market. These capacity plants find their wide application across energy intensive industries including paper, chemicals, pulp and sugar.

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Growing manufacturing sector coupled with rapid economic expansion across the country will propel the steam turbine market in China. Paradigm shift toward various cogeneration technologies owing to the governments ambitious targets to reduce emissions will positively influence the industry growth. China has planned to install CHP and biomass based generating stations of 12 MW capacity by 2020 & 25 GW by 2035.

Eminent industry players catering across the steam turbine market includes Siemens, Toshiba, Kawasaki Heavy Industries, Mitsui, Fuji Electric, GE, BHEL, MAN, Dongfang, Eliott Group, Ansaldo Energia, Harbine Turbine and Turbo Tech. Key industry players are providing high-end product upgradation and customization services as a major strategic inference to strengthen their industry presence.

Table of Contents

Chapter 3 Steam Turbine Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024 (USD Million)
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Innovation & sustainability
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. UK
3.5.3. France
3.5.4. Germany
3.5.5. China
3.5.6. India
3.6. Coal export landscape
3.6.1. Australia
3.6.2. Indonesia
3.6.3. Russia
3.6.4. United States
3.6.5. South Africa
3.6.6. Colombia
3.6.7. Netherlands
3.6.8. Canada
3.7. Coal consumption trends
3.7.1. North America
3.7.2. Europe
3.7.3. Asia Pacific
3.7.4. Middle East
3.7.5. Africa
3.7.6. Latin America
3.8. Proven coal reserves
3.8.1. North America
3.8.2. Europe
3.8.3. Asia Pacific
3.8.4. Middle East
3.8.5. Africa
3.8.6. Latin America
3.9. Coal power generation trends & outlook
3.9.1. North America
3.9.2. Europe
3.9.3. Asia Pacific
3.9.4. Middle East
3.9.5. Africa
3.9.6. Latin America
3.10. Geothermal power generation trends & outlook
3.10.1. North America
3.10.2. Europe
3.10.3. Asia Pacific
3.10.4. Middle East
3.10.5. Africa
3.10.6. Latin America
3.11. Operations and maintenance landscape
3.11.1. Upgrades and retrofits
3.11.2. OEM services
3.11.3. Remote diagnostics
3.12. Cost structure analysis
3.12.1. Coal fired plants
3.12.2. Biomass plants
3.12.3. Combined cycle plants
3.12.4. Geothermal plants
3.13. Price trend analysis
3.13.1. By technology
3.13.2. By capacity
3.13.3. By fuel
3.13.4. By region
3.14. Comparative analysis
3.14.1. Steam cycle
3.14.2. Combined cycle
3.14.3. Cogeneration
3.15. Steam turbine trade analysis (Import/Export trends)
3.16. Installed capacity of coal, and biomass power plants by country
3.16.1. China
3.16.2. Brazil
3.16.3. Argentina
3.16.4. Japan
3.16.5. U.S.
3.16.6. UK
3.16.7. India
3.16.8. Germany
3.16.9. Australia
3.16.10. France
3.16.11. Canada
3.17. Industry impact forces
3.17.1. Growth drivers
3.17.1.1. North America & Europe
3.17.1.1.1. Rising utilization of co-generation technology
3.17.1.1.2. Focus towards combined cycle generation
3.17.1.2. Asia-Pacific & MEA
3.17.1.2.1. Growing investment towards generating capacity expansion
3.17.1.2.2. Robust industrial sector growth
3.17.1.3. Latin America
3.17.1.3.1. Positive outlook towards non-conventional energy utilization
3.17.2. Industry pitfalls & challenges
3.17.2.1. High investment cost
3.17.2.2. Rising demand for renewable energy
3.18. Growth potential analysis
3.19. Porter's analysis
3.20. Competitive landscape, 2017
3.20.1. Strategy dashboard
3.20.2. Merger & acquisition analysis
3.21. PESTEL analysis

Chapter 4 Steam Turbine Market, By Design
4.1. Steam turbine market share by design, 2017 & 2024
4.2. Impulse Turbine
4.2.1. Impulse turbine market, 2013 - 2024
4.2.2. Impulse turbine market, by region, 2013 - 2024
4.3. Reaction Turbine
4.3.1. Reaction turbine market, 2013 - 2024
4.3.2. Reaction turbine market, by region, 2013 - 2024

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