Indian Turbine Market to grow at a CAGR of 3.3% over Forecast 2015-2019

Albany, NY, Nov 23: A turbine transforms rotational energy to usable energy with the help of revolving rotors and blades. Steam, gas, or other combustion products such as CO2 and carbon monoxide are used for the rotation.

Steam turbines are used to extract thermal energy from steam to perform mechanical functions using blades attached to a rotor. The turbine rotates when highly pressurized steam passes through a series of rotor blades.

The Turbine market in India to grow at a CAGR of 3.3% over the period 2014-2019. Gas turbines are used in gas-fired power plants in which an internal combustion engine is placed, where the fuel is mixed with air and ignited. The resultant high-temperature gas is directed to a gas turbine through a nozzle, which results in the rotation of the turbine.

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The report includes the present scenario and the growth prospects of the turbine market for the period 2015-2019. The market can be segmented into two divisions: Steam turbines and CCGT.

Technavio's report, Turbine Market in India 2015-2019, has been prepared based on in-depth market analysis with inputs from industry experts. The report covers the landscape of the turbine market and its growth prospects in the coming years. The report includes a discussion of the key vendors.

Key Vendors
- GE
- BHEL
- Siemens
- Shanghai Electric
- Dongfang Electric

Other Prominent Vendors
- Alstom
- Toshiba JSW Power

Key Market Driver
- Adoption of Super Critical Technology
- For a full, detailed list, view our report

Key Market Challenge
- Fuel Security Concerns
- For a full, detailed list, view our report

Key Market Trend
- Financial Support from Government
- For a full, detailed list, view our report

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Key Questions Answered in this Report:-
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.