BTG Market: Thermal Power Equipments (Boiler, Turbine, Generator) Global Industry Growth To 2020 Driven by China The key driver of the global Boiler, Turbine and Generator (BTG) market to 2020 is forecast to be China's continuing reliance on thermal energy.
DALLAS, April 12, 2013 /PRNewswire-iReach/ -- "Boiler, Turbine, Generator (BTG) Equipment for Thermal Power - Market size, Competitive Landscape and Forecasts to 2020" report will be available from ReportsnReports.com starting April 16, 2013 – Pre-Order NOW!
According to the report @ http://www.reportsnreports.com/reports/233949-boiler-turbine-generator-btg-equipment-for-thermal-power-market-size-competitive-landscape-and-forecasts-to-2020.html, BTG market revenue in China will increase steadily from a expected total of US$20.9 billion in 2013 to US$30.1 billion in 2020, boosting the nation's share of the global market from 32% to 48%. China's surging industrialization makes reliance on alternative power generation impractical, creating a favourable environment for a BTG industry currently struggling with the global rise of energy diversification and a move away from fossil fuels upon which the sector relies. Developed economies such as the US, UK and Japan are all expected to demonstrate minimal revenue growth in the BTG market during the same period.
China's ongoing dependence on coal is expected to be a substantial boon for the country's BTG market. Despite the rising price of coal, the commercialization of renewable energy continues to be the more expensive option for utility companies. As a result, revenue for coal-based generation technologies is expected to climb over the forecast period. Furthermore, the gas power market in China – although small when compared to the coal sector – is expected to expand considerably in the near future. Between 2013 and 2020, GlobalData predicts the country's gas turbine and Heat Recovery Steam Generators (HRSG) markets to grow at respective Compound Annual Growth Rates (CAGRs) of 9.4% and 8.8%.
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Scope of the report covers: Data on the revenue generated from BTG sales at the global level; Data on the market revenues, pricing and volume analysis of BTG equipments for the market's leading countries, including the US, India, China, Japan, Germany, the UK and Russia; Important regulations in the relevant countries; Detailed market share analysis of the top market participants, such as Siemens and General Electric and Data sourced from proprietary databases and primary interviews with key participants across the value chain.
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- Facilitate decision-making based on strong historical and forecast data for the BTG market.
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