5th Floor, Brigade Towers,
Financial District, Gachibowli,
Hyderabad - 500032,
The market is segmented by Plant Type (Gas, Coal, Nuclear and Others), Capacity (Below 40 MW, and Above 40 MW), and Geography (North America, Asia-Pacific, Europe, Middle-East and Africa, and South America)
Fastest Growing Market:
The market for steam turbine for power generation is expected to grow at a CAGR of approximately 1.5% during the forecast period of 2020 – 2025. The market is expected to be driven by upcoming natural gas combined cycle plants and thermal coal plants. However, there has been a general trend of reduction of prices in electricity generated by solar energy and in one of the first cases, in the world, in Bhadla Solar Park, India, where the cost of solar energy dropped below the average coal-powered thermal plant of the country.
· There is increasing adoption of natural gas plants in developed countries such as the United States and Russia, where the gas is locally produced. As the prices drop due to a continuous increase in the production of shale gas, there is a high chance that lower and middle-income countries will also follow in the footsteps of developed countries.
· A new type of thermal plant is under study, which uses thorium as the primary fuel. The progress in this field can lead to a renaissance in thermal power plants as thorium creates much less waste, is cheaper, and is more abundant than uranium. This, in turn, is expected to create a significant opportunity for the steam turbine manufacturers to tap into this new market.
· Asia Pacific is expected to dominate the market, with the majority of the demand coming from countries such as China and India.
The steam turbine for power generation market report includes:
|Middle-East and Africa|
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The steam turbine for power generation market is consolidated. Some of the key players in the market include Siemens AG, General Electric Company, Dongfang Turbine Company Limited, Bharat Heavy Electricals Limited and Mitsubishi Hitachi Power Systems Ltd.
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Thermal Plant Count & Forecast 2018-2025
4.4 Electricity Generation and Consumption Forecast, till 2025
4.5 Recent Trends and Developments
4.6 Government Policies and Regulations
4.7 Market Dynamics
4.8 Supply Chain Analysis
4.9 Porter's Five Forces Analysis
4.9.1 Bargaining Power of Suppliers
4.9.2 Bargaining Power of Consumers
4.9.3 Threat of New Entrants
4.9.4 Threat of Substitutes Products and Services
4.9.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Plant Type
5.2.1 Below 40MW
5.2.2 Above 40MW
5.3.1 North America
5.3.4 Middle-East and Africa
5.3.5 South America
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Siemens AG
6.3.2 Mitsubishi Hitachi Power Systems Ltd
6.3.3 Bharat Heavy Electricals Limited
6.3.4 General Electric Company
6.3.5 Dongfang Turbine Company Limited
6.3.6 Toshiba Corporation
6.3.7 Doosan Heavy Industries & Construction Company Ltd.
6.3.8 Elliott Company
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability