Steam Turbine Market Analysis, Growth Opportunities and Recent Trends by Application 2018 to 2025

27^th September 2018 - Global Steam Turbine Market is segmented based on type, plant fuel, design, capacity, exhaust type, application, and region. A steam turbine is a mechanical device that extracts thermal energy from pressurized steam and converts it into mechanical work on rotation of output shaft that suits to driving electrical generators.

Steam turbine is mainly motorized by steam. As gaseous, hot steam flows by turbine spinning blades, steam expands and cool. This steam supports to spin the blades uninterruptedly, hence changing steam’s potential energy into kinetic energy which is then used for fabrication of electricity and to run a generator.

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Prominent factors that are playing major role in the market growth are, growth in thermal power plants operating, growing deployment of combined heat & power (CHP) units. On the other hand, factors that are restraining market growth are strict government rules for replacement of conventional energy resources with renewables.

Steam Turbine Market is classified, by type into Steam Cycle Type Turbines (Conventional thermal, Nuclear Power Plants), Combined Cycle Type Turbines, Cogeneration Cycle Type Turbines, and others.

Steam Cycle Type Turbines segment accounted for the largest market share of overall Steam Turbine Industry Market and is expected to remain dominant over the forecast period. This is because these turbines are widely used by consumers. On the other hand, combined cycle type turbines are growing at fastest pace over the forecast period. The reason being growing demand from combined cycle power plants, as natural gas fired power generation an alternative to cleanest fossil fuel.

Steam Turbine Market is classified, by plant fuel into Nuclear, Coal, and Gas. The coal segment is expected to grow at fastest pace over the forecast period. The reason being, the coal fired power generation is the most affordable option for emerging countries in the world, especially in Asia Pacific, adequate supply of coal to use as a fuel. Steam Turbine Market is classified, by design into Reaction Steam Technology, Impulse Steam Technology, and others.

The major manufacturers covered in this report

• GE

• Siemens

• Elliott

• Toshiba

• Mitsubishi Hitachi Power Systems

• MAN

Key Stakeholders

• Steam Turbine Manufacturers

• Steam Turbine Distributors/Traders/Wholesalers

• Steam Turbine Subcomponent Manufacturers

• Industry Association

• Downstream Vendors

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The key points of this report are:

• To analyze and study the global Steam Turbine capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);

• Focuses on the key Steam Turbine manufacturers, to study the capacity, production, value, market share and development plans in future.

• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.

• To define, describe and forecast the market by type, application and region.

• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

• To identify significant trends and factors driving or inhibiting the market growth.

• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.

• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.