openPR Logo
Press release

Steam Turbine Market Trends & Forecast, 2017 – 2024

05-02-2017 12:37 PM CET | Energy & Environment

Press release from: Global Market Insights, Inc

Global Steam Turbine Market size is set to grow substantially during the forecast time frame due to rising investment towards the development of high capacity generating stations. Government initiatives towards development of combined-cycle technology and capacity addition will further foster the industry. In 2016, the U.S. witnessed a capacity addition of more than 27,000 MW.

Order This Report by calling Global Market Insights, Inc. at 1-888-689-0688 (Toll Free) or 1-302-846-7766.

Nuclear energy integration will depict a considerable growth for the global steam turbine market. Nuclear power plant installation and upgradation pertaining to plant life extension, positively thrust the industry share. In 2017, World Nuclear Association presented active construction of 60 power reactors in 13 countries including Russia, South Korea, UAE, China and Taiwan.

Growth in deep-water marine excavation and rampant industrial growth will yield appreciable growth towards the global steam turbine market. Competitive technological will further steer the industry size. In 2016, Singapore based Atlantis Resources announced the deployment of its first tidal steam technology- AR1500 at the MeyGen project site in Scotland.

Request for an in-depth table of contents for this report @

On the basis of applications, the global steam turbine market is segmented as power generation, petrochemical, pharmaceuticals, food processing and waste to energy. Power generation is anticipated to grow substantially owing to increasing demand for electrification and government initiatives in compliance to effective technology adaption. In 2017, Government of India has revised generation targets for financial year 2017-18 to be increased by 50 billion units in comparison to previous year.

Waste to energy industry is set to grow considerably pertaining to growing demand for energy security and clean energy generation. Growing waste management concern will further thrust the global WTE industry across the forecast period. In 2017, waste to energy projects have received USD 100 million investment on account of the Asian Development Bank.

Browse complete summary of this report @

The U.S. Steam turbine market offers appreciable growth pertaining to growing combined cycle technology. Effective resource utilization will further drive the industry from 2016 to 2024. In 2017, the U.S. based General Electric has been contracted to supply steam engines for a 488 MW combined cycle power plant in Pennsylvania.

In China steam turbine market, government initiatives complying to remote electrification will foster the technology across the forecast period. Waste to energy cogeneration technology is set to further enhance the industry share. In 2017, Armed forces in china has announced the design and development of an indigenous steam turbine and oil-fired boiler powered aircraft carrier.

Make an Inquiry before buying @

Key players in the global steam turbine market are namely, MAN Diesel, General Electric, Siemens, Hyundai Heavy Industries Ltd. Ansaldo Energia, Cryostar, Spirax Sarco, Elliot Group, Mitsubishi Heavy Industries Ltd., Toshiba JSW Power Systems Private Ltd. providing wide range of technological offerings. Effective turnkey project and highly customized technology provisions are the key market penetration and sustainability drivers.

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.

29L Atlantic Avenue, Suite L 105
Ocean View Delaware 19970 United States

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Steam Turbine Market Trends & Forecast, 2017 – 2024 here

News-ID: 520831 • Views: 167

More Releases from Global Market Insights, Inc

Global Hydraulic Hoist Market 2019 by regional trend & growth forecast to 2025 | …
Global Market Insights has recently added Hydraulic Hoist Market report which mentions valuable insights pertaining to market share, profitability graph, market size, SWOT analysis, and regional proliferation of this industry. The Asia Pacific regional Hydraulic Hoist Market is predicted to have the lion's share, in the entire forecast period. This regional market might cross USD 140.0 million till 2025, at CAGR more than 5.9%. The North America
Pharmacovigilance Outsourcing Market Growth Analysis by Product, Application, In …
U.S. pharmacovigilance outsourcing market dominated North America region and was valued at USD 783.2 million revenue in 2017 and is estimated to witness similar trend during the forthcoming years. The high growth is attributed to strong foothold of major pharma and medical device companies coupled with extensive drug development activities in the U.S. Moreover, high healthcare expenditure in the country and growing concern regarding drug safety and adverse drug reactions
United Rentals | Construction Equipment Rental Market 2024 | Top Manufacturers U …
Construction Equipment Rental Market in Asia Pacific is expected to reach over USD 40 billion by 2024. The emerging trend of the organizations toward renting of heavy construction equipment will have a positive impact toward the industry demand. Rising wage rates in China coupled with the changing consumption patterns are generating a huge demand for the rental machinery. Construction Equipment Rental Market to cross $140 billion by 2024.
Automated Breast Ultrasound Systems Market Demand, Growth, Opportunities, Top Ke …
Automated Breast Ultrasound Systems Market size was valued over USD 590 million in 2017 and is expected to witness more than 16.0% CAGR from 2018 to 2024. The inception of automated breast ultrasound system (ABUS) market has completely revolutionized the diagnostic approach of breast cancer. Indeed, the increasing incidence of breast cancer across the world in the recent past has also added a dimension of growth to this industry. ABUS

All 5 Releases

More Releases for Nuclear

Nuclear Reactor Market
Construction of new nuclear across the globe is one of the primary reasons behind the accelerating growth of the global nuclear reactor market, states TMR Research in a new research report. The report is titled, “Nuclear Reactor Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.” Click on the link below to request a sample copy of the report The worldwide market for nuclear reactors is
Nuclear Steam Generator Market
Steam generator is a device which is used to create steam by boiling water. Steam generators are also referred as heat exchangers used to convert water particles into steam from heat produced in a nuclear reactor plant. Nuclear steam generator is used in high pressure water reactor having primary loop (piping system that contains coolant) and secondary loops (have separate piping system, here water is converted to steam to rotate
Nuclear Energy Industry Analysis of Nuclear Fuels Market 2017-2021
Nuclear fuel is a substance used to initiate and sustain a nuclear fission reaction in nuclear power stations to generate heat. This heat powers turbine to produce usable electrical energy. A nuclear reactor is a structure in which fissile material undergoes a controlled, self-sustaining nuclear reaction with simultaneous release of energy, which can be used to generate electricity. . . – Get Sample Report_ ' ' Global nuclear fuels market to grow
Nuclear Air Filtration Market
In this report, the Asia-Pacific Nuclear Air Filtration market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split Asia-Pacific into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Nuclear Air Filtration for these regions, from 2012 to
UAE Nuclear Power Sector UAE Nuclear Power Sales Report
For Report Sample Contact: or +91-11-47067990 Report Table of Contents 1. UAE Power Sector Scenario 1.1 Existing Power Generation Outlook 1.2 Current & Projected Power Demand 2. Why UAE Energy Policy beyond Oil & Gas? 3. UAE Nuclear Power Sector Overview 3.1 UAE Entering into Nuclear Power Sector 3.2 Nuclear Policy Overview 4. UAE Nuclear Power Sector Dynamics 4.1 Favorable Parameters 4.2 Nuclear Power Sector
China Nuclear Power Sector China Nuclear Power Sales Report
For Report Sample Contact: or +91-11-47067990 Report Table of Contents 1. China Power Sector Overview 1.1 Installed Capacity 1.2 Electricity Generation 1.3 Current Power Demand 1.4 Future Power Demand 2. China Nuclear Power Sector Overview 2.1 China Nuclear Energy Programme 2.2 Rationale behind China Nuclear Power 3. China Nuclear Power Sector Indicators 3.1 Installed Capacity 3.2 Projected Capacity 3.3 Nuclear Fuel Procurement