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Steam Turbine Market 2018 – 2024 Key Players are Ansaldo Energia, Fuji Electric, BHEL, Mitsubishi Hitachi Power Systems, Kawasaki Heavy Industries, Man Diesel &Turbo, Eliott Group, Doosan Skoda Power

09-28-2018 08:03 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Steam Turbine Market

Steam Turbine Market

Increasing investments toward large scale thermal power plants coupled with stringent regulatory norms to promote sustainable fuels including natural gas and biomass will foster the steam turbine market share. In addition, the growing inclination toward efficient utilization of energy will further propel the industry growth. In 2016, as per EIA, the combined cycle capacity has increased by 14% in last five years in the U.S.

UK market is set to grow over USD 190 million by 2024. Paradigm shift toward CHP and cogeneration-based power plants coupled with stringent government norms toward coal based generating stations will foster the industry growth. In addition, the ongoing refurbishment of existing plants with an aim to achieve improved efficiencies and low carbon emission will propel the business outlook.

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Increasing deployment of coal fired plants across the African region on account of its improved efficiency and low prices will foster the condensing steam turbine market. Ongoing government measures to enhance electricity access and meet rising electricity demand will stimulate the business outlook. High thermal efficiency, improved economies of scale, low maintenance and reduced footprints are some of key features which will propel the product adoption.

3 - 100 MW steam turbine market is anticipated to grow over 8% by 2024. Increasing investments toward energy intensive industries including chemicals, paper, sugar and pulp will foster the business growth. The increasing deployment of gas fired combined cycle plants on account of their higher efficiency ratio & electricity output will further enhance the industry landscape.

Favorable government regulations to support low emission fuels along with increasing investments toward sustainable generating technologies will stimulate the biomass-based steam turbine market. Stringent regulatory framework toward conventional technologies will further foster the industry growth. In 2016, 4.8 quadrillion BTU of energy derived from biomass was consumed across the U.S., with a combined capacity of over 10 GW.

Rapid economic expansion along with increasing investments toward manufacturing industries will foster the China market share. In addition, the shifting trends toward cogeneration technologies on account of ambitious government targets to curb emissions will further stimulate the industry growth. For instance, China has planned to install biomass & CHP based power plants with 12 GW capacity by 2020 and 25 GW capacity by 2035.

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Steam turbine market research report includes in-depth coverage of the industry with estimates & forecast in terms of MW and USD from 2013 to 2024, for the following segments:

Steam Turbine Market, By Design
• Impulse
• Reaction

Steam Turbine Market, By Exhaust
• Condensing
• Non-condensing
• Steam Turbine Market, By Fuel
• Fossil fuel
• Biomass
• Geothermal

Table of Content
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition & forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary

Chapter 2. Executive Summary
2.1. Steam Turbine industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Design trends
2.1.3. Exhaust trends
2.1.4. Fuel Trends
2.1.5. End-use trends
2.1.6. Capacity trends
2.1.7. Technology trends
2.1.8. Regional trends

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

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

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Corporate Sales, USA
Global Market Insights, Inc.
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