Valuable Foresights on How Industrial Steam Turbines Market will Grow During 2017 - 2027
Industrial Steam Turbines Market Dynamics
Industrial steam turbines in comparison to other forms of power generation turbines are cheaper alternative for the production of low cost electricity when the source of power is fossil fuel, making it an attractive prospect for electricity production, thereby driving the growth of the market. The problems associated with the exponential rate of depletion of non-renewable sources of energy compel the manufacturers of industrial steam turbines to manufacture more efficient and durable equipment leading to a healthy growth of the industrial steam turbine market. The expansion of nuclear based power generation and increasing setting up of nuclear power plants have influenced the growth of industrial steam turbines market.
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One of the important factors that can come across as a roadblock for the growth of the industrial steam turbine market is the growing preference for gas turbines in power generating plants. This is due to increasing pressure from environmental activists on reducing the level of pollution caused by the steam turbines run by fossil fuels as well as being able to generate power through variety of fuel sources and being highly efficient.
Trends in the market include the increasing popularity of dual purpose industrial steam turbines wherein both heat and electricity are generated simultaneously for different purposes known as Combined Heat and Power (CHP) or Cogeneration as well as Trigeneration or Combined Cooling Heat and Power (CCHP). These special purpose industrial steam turbines are usually employed in manufacturing applications where heat is utilized.
Industrial Steam TurbinesMarket: Segmentation
Industrial Steam TurbinesMarket can be segmented as follows.
By Rated Capacity, the Industrial Steam Turbines market can be segmented as:
Less than 125 MW
Above 750 MW
By Type, the Industrial Steam Turbines market can be segmented as:
By Operating Principle, the Industrial Steam Turbines market can be segmented as:
By Exhaust Type, the Industrial Steam Turbines market can be segmented as:
By Power Source, the Industrial Steam Turbines market can be segmented as:
Others (Nuclear, etc.)
By Application, the Industrial Steam Turbines market can be segmented as:
Power and Utility
Industrial Steam TurbinesMarket: Regional Outlook
Rapid development in China and India in terms of infrastructure, industrialization and power requirement has led to high growth of industrial steam turbines market in the Asia Pacific region, while the growth of the market in Western Europe and North America is estimated to slowdown, owing to adoption of less polluting gas turbines.
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Industrial Steam Turbines Market: Market Participants
Examples of some of the market participants identified in the Global Industrial Steam Turbines market are:
Harbin Electric Machinery Co., Ltd.
Dongfang Electric Corporation
Kawasaki Heavy Industries Ltd.
General Electric Company
Mitsubishi Heavy Industries, Ltd.
Toshiba America Energy Systems Corporation
Ansaldo Energia s.p.a
Peter Brotherhood Ltd.
Fuji Electric Co., Ltd.
Bharat Heavy Electricals Limited
Doosan Škoda Power
TGM Kanis Turbinen GmbH
OJSC Power Machines
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