A research study titled, “Condensing Steam Turbine Market by Product and Application - Global Industry Analysis and Forecast to 2023” published by Crystal Market Research.
Industry Outlook and Trend Analysis:
The Condensing Steam Turbine Market has encountered substantial development in the recent years and is foreseen to develop tremendously in the upcoming years. Expanding deployment of combined heat & power (CHP) units is anticipated to remain a key driving variable over the conjecture time frame.
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Steam engines have been an essential part thermal power plants functioning over the world. However, with expanding condition concern centre has been moved from coal-terminated warm power stations to cleaner assets, for example, gaseous petrol, power devices, and renewable energy.
Application Outlook and Trend Analysis:
Steam turbines have been extensively used in electrical power generation applications. Power and Utility application section rules the business and is foreseen to keep up its predominance over the estimate time frame. Steam turbine units can be matched with any combustion fuel, nonetheless; coal has been the favoured one. Rising environment concerns have confined the usage of coal-fired power plants and cleaner sources, for example, natural gas, and other renewable energy source assets have turned into the need of great importance.
Capacity Outlook and Trend Analysis:
Steam turbines of capacity that range from 121 MW to 350 MW ruled the market and represented more than 30% of the worldwide demand in 2015. These turbines are generally used in CHP units and also low limit control units. Expanding interest for CHP over the developing as well as developed nations is foreseen to drive the portion development over the gauge time frame. Little limit steam motors, i.e. < 120 MW are anticipated to witness most elevated development prospects because of expanding interest for industrial CHP units.
Market Classification:
Condensing Steam TurbineMarket, By Capacity , Estimates and Forecast, 2014-2023 ($Million)
351 MW -750 MW
750 MW
< 120 MW
121 MW -350 MW
Condensing Steam TurbineMarket, By Application, Estimates and Forecast, 2014-2023 ($Million)
Industrial
Power and Utility
Others
Data Mining:
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
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Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
4.Condensing Steam TurbineMarket, By Capacity
4.1.Introduction
4.2.Global Condensing Steam TurbineSales, Revenue and Market Share By Capacity (2014-2017)
4.2.1.Global Condensing Steam TurbineSales and Sales Share By Capacity (2014-2017)
4.2.2.Global Condensing Steam TurbineRevenue and Revenue Share By Capacity (2014-2017)
4.3.Condensing Steam TurbineMarket Assessment and Forecast, By Capacity, 2014-2023
4.4.351 MW -750 MW
4.4.1.Market Assessment and Forecast, By Region, 2014-2023($Million)
4.5.> 750 MW
4.5.1.Market Assessment and Forecast, By Region, 2014-2023($Million)
4.6.< 120 MW
4.6.1.Market Assessment and Forecast, By Region, 2014-2023($Million)
4.7.121 MW -350 MW
4.7.1.Market Assessment and Forecast, By Region, 2014-2023($Million)
To be Continued…
Regional Outlook and Trend Analysis:
Asia Pacific rules the worldwide business with the vast majority of the request originating from China. The nation can be believed to depend on coal-fired go control generation plants with numerous plants in the pipeline in spite of the current over limit.
The high rate of industrialization in China, and additionally India, will most likely create opportunities for the CHPs and in this manner for the steam turbine market. The district is likewise anticipated that would witness the quickest development over the estimate time frame.
Europe is foreseen to encounter languid development over the figure time frame fundamentally because of the switching focus from conventional to cleaner and sustainable energy sources.
The Condensing Steam Turbines Market is segmented as follows-
By Capacity:
351 MW -750 MW
750 MW
< 120 MW
121 MW -350 MW
By Application:
Industrial
Power and Utility
Others
Top Major Market Players:
The leading players in the market are Dresser-Rand Group, Siemens, Toshiba, Mitsubishi Heavy Industries Ltd, Ansaldo STS, General Electric and Hitachi. MAN Diesel and Turbo's procurement of MaxWatt Turbines Pvt. Ltd., obtained Alstom's Power Generation and Grid business by GE and Ansaldo securing Alstom's GT 26 and GT36 gas turbine technology and assets.
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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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