Press release
Steam Turbine Market: Where Is It At? Siemens AG, Toshiba Corporation, General Electric Company, Triveni Turbines, PBS ENERGO, Mitsui Engineering & Shipbuilding, Turbulator
Steam Turbine Market
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557 (Pages)
1142 (Market Data Tables)
42 (Figures & Charts)
The steam turbine market has remained strong in an era where renewable energy sources like wind and photovoltaics have threatened to dethrone coal as the number one source of fossil fuel used to generate energy. This is mainly because renewable sources of energy, in spite of having gained importance, fluctuate too often and therefore create a very destabilized power system. While newer technologies are being brought into play and future power supply options are being developed to supply power in a stable manner, power supplied by steam turbines has remained the backbone of the power system.
Condensing steam turbine market in 2017, was over USD 17 billion. The turbine’s ability to extract maximum energy from steam makes it suitable for the thermal power generation. Ongoing investments in new generating capacity additions along with an increasing electricity demand across industries will favor the industry growth. Furthermore, rising focus toward cogeneration and rising utilization of non-conventional energy resources will positively influence the industry landscape.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Siemens AG
• Toshiba Corporation
• General Electric Company
• Triveni Turbines
• PBS ENERGO
• Mitsui Engineering & Shipbuilding
• Turboatom
Steam turbine market share from biomass in 2017, was over USD 1 billion. Growing adoption of combined heat & power and captive power generation systems will strengthen the product adoption. Furthermore, rising focus toward energy optimization and enhancement of generation efficiency will favor the expansion of biomass-based power generation capacity.
South Africa market will witness a significant growth owing to favorable government policy toward strengthening and development of industrial sector. Growth of domestic manufacturing industry has resulted in increased demand for electricity which in turn will complement the business landscape. Ongoing investments toward power generation and growing geothermal capacity will further complement the industry growth.
Notable players active in the global market include Siemens, Bharat Heavy Electricals Limited, Harbin Turbine, Kawasaki Heavy Industries, Mitsubishi Hitachi Power Systems, Toshiba, Eliott Group, TurboTech, General Electric, Mitsui, Man Diesel & Turbo, Ansaldo Energia, Fuji Electric, Doosan Skoda Power and Dongfang amongst others.
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Report Content
Chapter 1. Methodology & Scope
1.1. Methodology
1.2. Market definitions
1.3. Market estimates & forecast parameters
1.4. Data Sources
1.4.1. Primary
1.4.2. Secondary
1.4.2.1. Paid Sources
1.4.2.2. Public Sources
Chapter 2. Executive Summary
2.1. Steam turbine 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
3.4.1. Supercritical boiler technology
3.4.2. Siemens
3.4.3. Mitsubishi Hitachi Power Systems, Ltd.
3.4.4. MAN Energy Solutions
3.5. Regulatory landscape
3.5.1. U.S.
3.5.1.1. New Source Performance Standards (NSPS)
3.5.1.2. U.S. EPA CHP Partnership
3.5.1.3. American Recovery and Reinvestment Act
3.5.1.4. Energy Policy Act
3.5.2. European Union
3.5.2.1. Directive 2010/75/EU
3.5.2.2. EC Directive 2004/8/EC on CHP promotion in the internal energy market
3.5.2.3. UK
3.5.2.3.1. CHP Quality Assurance Programme (CHPQA)
3.5.2.4. Germany
3.5.2.4.1. Overview of CHP support in Germany
3.5.2.4.2. German CHP Act- KWKG 2016
3.5.3. India
3.5.3.1. The Environment (Protection) Amendment
3.5.3.1.1. Water Consumtion
3.5.3.1.2. Emissions
3.5.4. China
3.6. Coal export landscape
3.7. Coal Consumption trends
3.8. Proven coal reserves
3.8.1. North America
3.8.2. Latin America
3.8.3. Middle East & Africa
3.8.4. Asia Pacific
3.8.5. Europe
3.9. Coal power generation trends & outlook
3.9.1. North America
3.9.2. Latin America
3.9.3. Europe
3.9.4. Middle East & Africa
3.9.5. Asia Pacific
3.10. Geothermal power generation trends & outlook
3.11. Operation & maintenance landscape
3.11.1. OEM services
3.11.2. Upgrades & retrofits
3.11.3. Remote Diagnostics
3.11.4. Turbine maintenance and replacement
3.12. Cost structure analysis
3.13. Price trend
3.13.1. Price trend analysis, by technology
3.13.2. Price trend analysis, by capacity
3.13.3. Price trend analysis, by fuel
3.13.4. Price trend analysis, by region
3.14. Comparative analysis
3.15. Steam turbine trade analysis (Import/Export Trends)
3.16. Installed capacity of coal & biomass plants
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 cogeneration technology
3.17.1.1.2. Focus toward combined cycle generation
3.17.1.2. Asia Pacific and Middle East & Africa
3.17.1.2.1. Growing investment toward 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 toward non-conventional energy utilization
3.17.2. Industry Pitfalls & Challenges
3.17.2.1. High initial investment
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
3.20.1.1. General Electric
3.20.1.1.1. Mergers & Acquisition
3.20.1.1.2. Joint Venture
3.20.1.2. Siemens
3.20.1.2.1. Joint Venture
3.20.1.2.2. Mergers & Acquisition
3.20.1.3. Mitsubishi Hitachi Power Systems, Ltd. (MHPS)
3.20.1.3.1. Overseas Expansion
3.20.1.3.2. Joint Venture
3.20.1.3.3. New product launch
3.21. PESTEL analysis
Chapter 4. Steam Turbine Market, By Design
4.1. Steam turbine market share by design, 2017 & 2024
4.2. Reaction
4.2.1. Global market from reaction, 2013 - 2024
4.2.2. Global market from reaction, by region, 2013 - 2024
4.3. Impulse
4.3.1. Global market from impulse, 2013 - 2024
4.3.2. Global market from impulse, by region, 2013 - 2024
Chapter 5. Steam Turbine Market, By Exhaust
5.1. Steam turbine market share by exhaust, 2017 & 2024
5.2. Condensing
5.2.1. Global market from condensing, 2013 - 2024
5.2.2. Global market from condensing, by region, 2013 - 2024
5.3. Non-condensing
5.3.1. Global market from non-condensing, 2013 - 2024
5.3.2. Global market from non-condensing, by region, 2013 - 2024
Chapter 6. Steam Turbine Market, By Fuel
6.1. Steam turbine market share by fuel, 2017 & 2024
6.2. Fossil fuel
6.2.1. Global market from fossil fuel, 2013 - 2024
6.2.2. Global market from fossil fuel, by region, 2013 - 2024
6.3. Biomass
6.3.1. Global market from biomass, 2013 - 2024
6.3.2. Global market from biomass, by region, 2013 - 2024
6.4. Geothermal
6.4.1. Global market from geothermal, 2013 - 2024
6.4.2. Global market from geothermal, by region, 2013 - 2024
Chapter 7. Steam Turbine Market, By End-Use
7.1. Steam turbine market share by end-use, 2017 & 2024
7.2. Industrial
7.2.1. Global market from industrial, 2013 - 2024
7.2.2. Global market from industrial, by region, 2013 - 2024
7.2.3. Refinery
7.2.3.1. Global market from refinery, 2013 - 2024
7.2.3.2. Global market from refinery, by region, 2013 - 2024
7.2.4. Chemical plant
7.2.4.1. Global market from chemical plant, 2013 - 2024
7.2.4.2. Global market from chemical plant, by region, 2013 - 2024
7.2.5. Sugar plant
7.2.5.1. Global market from sugar plant, 2013 - 2024
7.2.5.2. Global market from sugar plant, by region, 2013 – 2024
7.2.6. Pulp & paper
7.2.6.1. Global market from pulp & paper, 2013 - 2024
7.2.6.2. Global market from pulp & paper, by region, 2013 - 2024
7.2.7. Others
7.2.7.1. Global market from others, 2013 - 2024
7.2.7.2. Global market from others, by region, 2013 - 2024
7.3. Utility
7.3.1. Global market from utility, 2013 - 2024
7.3.2. Global market from utility, by region, 2013 - 2024
Chapter 8. Steam Turbine Market, By Capacity
8.1. Steam turbine market share by capacity, 2017 & 2024
8.2. 100 MW, by region, 2013 - 2024
Chapter 9. Steam Turbine Market, By Technology
9.1. Steam turbine market share by technology, 2017 & 2024
9.2. Steam cycle
9.2.1. Global market from steam cycle, 2013 - 2024
9.2.2. Global market from steam cycle, by region, 2013 - 2024
9.3. Combined cycle
9.3.1. Global market from combined cycle, 2013 - 2024
9.3.2. Global market from combined cycle, by region, 2013 - 2024
9.4. Cogeneration
9.4.1. Global market from cogeneration, 2013 - 2024
9.4.2. Global market from cogeneration, by region, 2013 - 2024
Methodology:
At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
• Definition and scope of research
• Market dynamics, growth drivers and industry pitfalls
• Regulatory and political guidelines for the industry
• Demographics and statistical data
All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.
Significant emphasis is put on primary research, which serves the dual role or not only validating our findings but also obtaining penetrating market insights, which help us gain more clarity regarding business environment and competitive leverage. Notable participants in our primary research process include:
• Leadership figures such as CEOs, CSOs, VPs etc. in key companies
• Supply-chain participants, distributors and domain experts
• Key customers and B2B clients
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 methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/industry-reports/energy-mining-oil-and-gas
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