Growing Focus on Development and Commercialization of New Technologies Driving Growth in the Global Steam Turbine Market
FOR IMMEDIATE RELEASE, Illinois – United States – January 6,2015 (PR Buzz): Reportstack has announced a new market research report on the Global Steam Turbine Market 2015-2019, which is expected to grow at a CAGR of 3 percent during the forecast period of 2014-2019.
“There has been significant development in the design of turbine blades to increase the efficiency and reliability of the operation,”.
“With the help of advanced flow mechanics and computation tools, the strength calculation becomes easier and the construction of compact turbines with high unit ratings ranging from 900 to 1,000 MW is possible.”
Key Market Drivers
Increased Demand for Electricity
Advances in Technology
Growing Focus on Development and Commercialization of New Technologies
Increased Focus on SC and USC Power Plants in Developing Countries
Key Market Trends
Reaching Market Maturity
Increased Installation of Clean Coal Technology in APAC Region
Growing Usage of Steam Turbines in CCGT and Gas-fired Power Plants
Key Market Vendors
Dongfang Electric Corporation (DEC) Ltd.
Hangzhou Steam Turbine Co. Ltd.
Harbin Turbine Co. Ltd.
Nanjing Turbine & Electric Machinery (Group) Co. Ltd.
Shandong Qingneng Power (QNP) Co. Ltd.
Shanghai Electric Group Co. Ltd.
To define the market circumstances in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
To view the table of contents and know more details please visit Global Steam Turbine Market 2015-2019.