Press release
Steam Turbine Market with Key Players: Kawasaki Heavy Industries, Harbin Turbine, Doosan Skoda Power, Ansaldo Energia, Mitsui, Eliott Group, Mitsubishi Hitachi Power Systems, TurboTech, Bharat Heavy Electricals Limited, Shin Nippon Machinery, Man Diesel &
Eminent players operating in the steam turbine market include Kawasaki Heavy Industries, Harbin Turbine, Doosan Skoda Power, Ansaldo Energia, Mitsui, Eliott Group, Mitsubishi Hitachi Power Systems, TurboTech, Bharat Heavy Electricals Limited, Shin Nippon Machinery, Man Diesel & Turbo, General Electric, Fuji Electric, Toshiba, Dongfang Electric Corporation and Siemens amongst others.
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Steam Turbine Market is anticipated to surpass USD 32 Billion by 2024. Reviving economic growth across developing nations coupled with increasing energy demand from industrial sector will stimulate the business growth. Ongoing efforts to mitigate the electricity demand supply gap and expansion of thermal power generation capacity will fuel the adoption of large capacity steam turbines. Rising utilization of cogeneration technology will further propel the industry landscape.
Condensing steam turbine market in 2017, was worth over USD 17 billion. Escalating demand for reliable electricity across industries and increasing investments toward new generating capacity additions will complement the business growth. Rising utilization of renewable energy resources, supportive government policies and focus toward cogeneration will further stimulate the business landscape.
Biomass based steam turbine market in 2017, was worth over USD 1 billion. Rising adoption of captive power generation systems and combined heat & power will fuel the product adoption. Rising focus toward enhancement of generation efficiency and energy optimization will further stimulate the demand for biomass-based power generation.
Indonesia steam turbine market is set to expand over 12% by 2024. Respective government effort to thrust domestic industrial output coupled with low coal prices will stimulate the product deployment. Furthermore, positive outlook toward manufacturing sector and adoption of ultra-supercritical systems along with rising investment toward enhancing baseload power generation capacity will drive the industry growth.
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South Africa steam turbine market will witness robust growth on account of favorable government policies toward the development and strengthening of industrial sector in the country. Rising investments across manufacturing sector has further increased the demand for electricity which will drive the business growth. Furthermore, ongoing investments toward growing geothermal capacity and power generation will favor the industry growth.
Table of 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 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Design trends
2.1.3. Exhaust trends
2.1.4. Fuel trends
Chapter 3. Steam Turbine Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024 (USD Million)
3.3. Industry ecosystem analysis
3.5. Regulatory landscape
3.6. Coal export landscape
3.7. Coal Consumption trends
3.8. Proven coal reserves
3.9. Coal power generation trends & outlook
3.10. Geothermal power generation trends & outlook
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
5.3. Non-condensing
Chapter 6. Steam Turbine Market, By Fuel
6.1. Steam turbine market share by fuel, 2017 & 2024
6.2. Fossil fuel
6.3. Biomass
6.4. Geothermal
Chapter 7. Steam Turbine Market, By End-Use
7.1. Steam turbine market share by end-use, 2017 & 2024
7.2. Industrial
7.3. Utility
Chapter 8. Steam Turbine Market, By Capacity
8.1. Steam turbine market share by capacity, 2017 & 2024
8.2.
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