News Contact Us

2019 Steam Turbine Market | Application & Outlook

Author : Rahul Sankrityayan | Published Date : 2019-07-18 

Global Market Insights, Inc. present the report on Steam Turbine Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2024.

Steam Turbine Market is anticipated to surpass USD 32 Billion by 2024. Reviving economic growth across developing nations coupled with increasing energy demand from industrial sector will stimulate the business growth. Ongoing efforts to mitigate the electricity demand supply gap and expansion of thermal power generation capacity will fuel the adoption of large capacity steam turbines. Rising utilization of cogeneration technology will further propel the industry landscape.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1269

Government norms to minimize GHG emissions along with rising focus toward energy efficient technologies will drive the steam turbine market. Escalating demand for uninterrupted and reliable electricity coupled with growing inclination toward the adoption of cogeneration and combined cycle technology will further complement the business outlook. However, stringent regulatory measures to reduce fossil fuel fired power generation and reduced investments across the coal fired systems may restrain the industry growth.

Indonesia steam turbine market is set to expand over 12% by 2024. Respective government effort to thrust domestic industrial output coupled with low coal prices will stimulate the product deployment. Furthermore, positive outlook toward manufacturing sector and adoption of ultra-supercritical systems along with rising investment toward enhancing baseload power generation capacity will drive the industry growth.

Condensing steam turbine market in 2017, was worth over USD 17 billion. Escalating demand for reliable electricity across industries and increasing investments toward new generating capacity additions will complement the business growth. Rising utilization of renewable energy resources, supportive government policies and focus toward cogeneration will further stimulate the business landscape.

<3 MW steam turbine market is predicted to witness growth of over 2% by 2024. Positive outlook toward geothermal energy utilization and co-generation will strengthen the industry growth. Growing inclination toward energy optimization and rapid industrialization across key economies have enhanced the demand for on-site power generation, which will further propel the product deployment.

Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1269

Biomass based steam turbine market in 2017, was worth over USD 1 billion. Rising adoption of captive power generation systems and combined heat & power will fuel the product adoption. Rising focus toward enhancement of generation efficiency and energy optimization will further stimulate the demand for biomass-based power generation.

South Africa steam turbine market will witness robust growth on account of favorable government policies toward the development and strengthening of industrial sector in the country. Rising investments across manufacturing sector has further increased the demand for electricity which will drive the business growth. Furthermore, ongoing investments toward growing geothermal capacity and power generation will favor the industry growth.

Eminent players operating in the steam turbine market include: Kawasaki Heavy Industries, , Harbin Turbine, Doosan Skoda Power, Ansaldo Energia, Mitsui, Eliott Group, Mitsubishi Hitachi Power Systems, TurboTech, Bharat Heavy Electricals Limited, Shin Nippon Machinery, Man Diesel & Turbo, General Electric, Fuji Electric, Toshiba, Dongfang Electric Corporation and Siemens amongst others.



About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

Related News

LNG Bunkering Market Market to 2024| Forecasts by Product, Application and Regional Outlook

Published Date: 2019-10-18         Author: Rahul Sankrityayan

The LNG Bunkering Market report research highlights key dynamics of the global sector. The potential of the industry has been investigated along with the key challenges. The current market scenario and prospects of the sector has also been studied. LNG Bunkering Market is expected to exceed 12 bi... Read More

Sand Control System Market Analysis, Regional Outlook, Competitive Strategies and Forecasts to 2025

Published Date: 2019-10-16         Author: Rahul Sankrityayan

Sand Control System Market size was valued at over USD 4 billion in 2015. Increasing drilling activities is anticipated to drive the sand control system market during the forecast period. Increasing drilling activities across the globe is likely to propel sand control system market growth over the f... Read More

Wave and Tidal Energy Market Latest Trend, Growth, Size, Application & Forecast 2025

Published Date: 2019-10-16         Author: Rahul Sankrityayan

Global wave and tidal energy market size is anticipated to witness significant growth owing to stringent norms coupled with favourable incentive policies. Government across the globe are taking numerous measures to increase awareness regarding clean technologies for reducing carbon footprints. As pe... Read More

© 2019 Fractovia. All Rights Reserved