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Global Steam Turbine Market for Power Generation Trends, Forecast and Competitive Analysis 2012-2023 - ResearchAndMarkets.com

October 4, 2018

DUBLIN--(BUSINESS WIRE)--Oct 4, 2018--The “Steam Turbine Market for Power Generation Report: Trends, Forecast and Competitive Analysis” report has been added to ResearchAndMarkets.com’s offering

The global steam turbine market for power generation is expected to reach an estimated $15.7 billion and it is forecast to grow at a CAGR of 2.1% from 2018 to 2023.

The future of the global steam turbine market looks good with opportunities in coal-fired, gas-fired, and nuclear energy based power generation. The major drivers for growth of this market are growing global electricity demand and relatively lower cost of electricity generation by steam turbine.

Emerging trend, which has a direct impact on the dynamics of the steam turbine market for power generation industry, include development of more efficient turbines.

The report forecasts that steam turbine used in coal based power generation is expected to remain the largest segment. Abundance in the availability of coal and lower cost of generating electricity through coal-fired power plants is likely to drive this segment over the forecast period. Steam turbines used in nuclear energy based electricity generation is expected to witness highest growth during the forecast period.

By turbine size, the 600 MW and above turbine is expected to remain the largest segment and is also expected to witness highest growth during the forecast period. High efficiency as compared to smaller turbines is driving growth of this segment over the forecast period.

Asia Pacific is expected to remain the largest market and is likely to witness the highest growth over the forecast period due to growing energy requirement at domestic and industrial level and increasing installation of coal, nuclear and combine cycle power generation facilities.

Scope of the Report

Steam Turbine Market for Power Generation by plant fuel [Volume (GW) and Value ($ billion) from 2012 to 2023]:

Coal Gas Nuclear

Steam Turbine Market for Power Generation by turbine size [Volume (GW) and Value ($ billion) from 2012 to 2023]:

Less than 300 MW 300 MW to 599 MW 600 MW and above

Steam Turbine Market for Power Generation by thermal power plant type [Volume (GW) and Value ($ billion) from 2012 to 2023]:

Steam Cycle Combined Cycle Cogeneration

Key Topics Covered:

1. Executive Summary

2. Market Background and Classifications

3. Market Trends and Forecast Analysis from 2012 to 2023

4. Market Trends and Forecast Analysis by Region

5. Competitor Analysis

6. Growth Opportunities and Strategic Analysis

7. Company Profiles of Leading Players

Shanghai Electric Dongfang Electric Harbin Electric Corporation General Electric Siemens Bharat Heavy Electricals

For more information about this report visit https://www.researchandmarkets.com/research/5gxssn/global_steam?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181004005236/en/

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Related Topics:Turbines

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/04/2018 04:33 AM/DISC: 10/04/2018 04:33 AM

http://www.businesswire.com/news/home/20181004005236/en

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