Global Steam Turbine Market for Power Generation to 2023 with Profiles of Shanghai Electric, Dongfang Electric, Harbin Electric, General Electric, Siemens & Bharat Heavy Electricals

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Oct 04, 2018, 13:45 ET

DUBLIN, Oct. 4, 2018 /PRNewswire/ --

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 researcher 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.

Some of the features of Global Steam Turbine Market for Power Generation Report: Trends, Forecast and Competitive Analysis Include:

Market size estimates: Global steam turbine for power generation market size estimation in terms of value ($B) and volume (GW) shipment.
Trend and forecast analysis: Market trend (2012-2017) and forecast (2018-2023) by application, and end use industry.
Segmentation analysis: Global steam turbine for power generation market size by various applications such as plant fuel, turbine size, and thermal power plant segment in terms of value and volume shipment.
Regional analysis: Global steam turbine for power generation market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth opportunities: Analysis on growth opportunities in different applications and regions for power generation in the global steam turbine market.
Strategic analysis: This includes M&A, new product development, and competitive landscape for power generation in the global steam turbine market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.

Key Topics Covered:

1. Executive Summary

2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2012 to 2023
3.1: Macroeconomic Trends and Forecast
3.2: Global Steam Turbine Market Trends and Forecast
3.3: Global Steam Turbine Market by Plant Fuel
3.3.1: Coal
3.3.2: Natural Gas
3.3.3: Nuclear
3.4: Global Steam Turbine Market by Capacity
3.4.1: Less than 300 MW
3.4.2: 300 MW to 599 MW
3.4.3: 600 MW and Above
3.5: Global Steam turbine Market by Technology
3.5.1: Steam Cycle
3.5.2: Combined Cycle
3.5.3: Cogeneration

4. Market Trends and Forecast Analysis by Region
4.1: Global Steam Turbine Market by Region
4.2: North American Steam Turbine Market
4.3: European Steam turbine Market
4.4: APAC Steam Turbine Market
4.5: ROW Steam Turbine Market

5. Competitor Analysis
5.1: Product Portfolio Analysis of Steam Turbine Suppliers
5.2: Market Share Analysis
5.3: Geographical Reach
5.4: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunities Analysis
6.1.1: Growth Opportunities for Global Steam turbine Market
6.1.2: Growth Opportunities for Global Steam turbine Market by Region
6.1.3: Growth Opportunities for Global Steam Turbine Market by Capacity
6.1.4: Growth Opportunities for Global Steam Turbine Market by Technology
6.2: Emerging Trends in the Global Steam turbine Market
6.3: Strategic Analysis
6.3.1: Capacity Expansion in Steam turbine Market
6.3.2: Mergers, Acquisitions and Joint Ventures in Steam turbine Market
6.3.3: Technical Advancement

7. Company Profiles of Leading Players
7.1: Shanghai Electric
7.2: Dongfang Electric
7.3: Harbin Electric Corporation
7.4: General Electric
7.5: Siemens
7.6: Bharat Heavy Electricals

For more information about this report visit https://www.researchandmarkets.com/research/kzzmz9/global_steam?w=5

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