Steam Turbine Market Key Players, Product Specification, and challenges forecast to 2021
Steam Turbine Market Market Report Includes in-depth analysis of Market Application, Size, Specification, Trends, Major Manufacturers and Business Strategies by Considering Types, Market Segmentation and Analysis.
Steam Turbine Market Market Report Includes in-depth analysis of Market Application, Size, Specification, Trends, Major Manufacturers and Business Strategies by Considering Types, Market Segmentation and Analysis.
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<strong>Steam</strong> <strong>Turbine</strong> <strong>Market</strong> <strong>Key</strong> <strong>Players</strong>, <strong>Product</strong><br />
<strong>Specification</strong>, <strong>and</strong> <strong>challenges</strong> <strong>forecast</strong> <strong>to</strong> <strong>2021</strong><br />
Global <strong>Steam</strong> <strong>Turbine</strong> <strong>Market</strong> is segmented based on type, plant fuel, design,<br />
capacity, exhaust type, application, <strong>and</strong> region. A steam turbine is a<br />
mechanical device that extracts thermal energy from pressurized steam <strong>and</strong><br />
converts it in<strong>to</strong> mechanical work on rotation of output shaft that suits <strong>to</strong><br />
driving electrical genera<strong>to</strong>rs.<br />
Global <strong>Steam</strong> <strong>Turbine</strong> <strong>Market</strong> is segmented based on type, plant fuel, design, capacity, exhaust type,<br />
application, <strong>and</strong> region. A steam turbine is a mechanical device that extracts thermal energy from<br />
pressurized steam <strong>and</strong> converts it in<strong>to</strong> mechanical work on rotation of output shaft that suits <strong>to</strong><br />
driving electrical genera<strong>to</strong>rs.<br />
<strong>Steam</strong> turbine is mainly mo<strong>to</strong>rized by steam. As gaseous, hot steam flows by turbine spinning blades,<br />
steam exp<strong>and</strong>s <strong>and</strong> cool. This steam supports <strong>to</strong> spin the blades uninterruptedly, hence changing<br />
steam’s potential energy in<strong>to</strong> kinetic energy which is then used for fabrication of electricity <strong>and</strong> <strong>to</strong><br />
run a genera<strong>to</strong>r.<br />
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https://www.millioninsights.com/industry-reports/steam-turbine-market
Prominent fac<strong>to</strong>rs that are playing major role in the market growth are, growth in thermal power<br />
plants operating, growing deployment of combined heat & power (CHP) units. On the other h<strong>and</strong>,<br />
fac<strong>to</strong>rs that are restraining market growth are strict government rules for replacement of<br />
conventional energy resources with renewables.<br />
<strong>Steam</strong> <strong>Turbine</strong> <strong>Market</strong> is classified, by type in<strong>to</strong> <strong>Steam</strong> Cycle Type <strong>Turbine</strong>s (Conventional thermal,<br />
Nuclear Power Plants), Combined Cycle Type <strong>Turbine</strong>s, Cogeneration Cycle Type <strong>Turbine</strong>s, <strong>and</strong> others.<br />
<strong>Steam</strong> Cycle Type <strong>Turbine</strong>s segment accounted for the largest market share of overall <strong>Steam</strong> <strong>Turbine</strong><br />
Industry <strong>Market</strong> <strong>and</strong> is expected <strong>to</strong> remain dominant over the <strong>forecast</strong> period. This is because these<br />
turbines are widely used by consumers. On the other h<strong>and</strong>, combined cycle type turbines are growing<br />
at fastest pace over the <strong>forecast</strong> period. The reason being growing dem<strong>and</strong> from combined cycle<br />
power plants, as natural gas fired power generation an alternative <strong>to</strong> cleanest fossil fuel.<br />
<strong>Steam</strong> <strong>Turbine</strong> <strong>Market</strong> is classified, by plant fuel in<strong>to</strong> Nuclear, Coal, <strong>and</strong> Gas. The coal segment is<br />
expected <strong>to</strong> grow at fastest pace over the <strong>forecast</strong> period. The reason being, the coal fired power<br />
generation is the most affordable option for emerging countries in the world, especially in Asia Pacific,<br />
adequate supply of coal <strong>to</strong> use as a fuel. <strong>Steam</strong> <strong>Turbine</strong> <strong>Market</strong> is classified, by design in<strong>to</strong> Reaction<br />
<strong>Steam</strong> Technology, Impulse <strong>Steam</strong> Technology, <strong>and</strong> others.<br />
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Impulse steam technology segment expected <strong>to</strong> grow gradually over the <strong>forecast</strong> period. This is<br />
mainly due <strong>to</strong> its increasing use in marine propulsion <strong>and</strong> power generation. Whereas, reaction steam<br />
technology is projected <strong>to</strong> grow substantially during the <strong>forecast</strong> period. The reason being, increasing<br />
importance of proficient combined cycle <strong>and</strong> waste <strong>to</strong> energy electricity generation.<br />
<strong>Steam</strong> <strong>Turbine</strong> <strong>Market</strong> is classified, by capacity in<strong>to</strong>>750 MW, 352-750 MW, 121-350 MW,
Power & Utility segment accounted for the largest market share of the <strong>Steam</strong> <strong>Turbine</strong> Industry <strong>Market</strong><br />
<strong>and</strong> is expected <strong>to</strong> remain dominant over the <strong>forecast</strong> period. The reason being, steam turbine units<br />
can be paired with any combustion fuel such as coal. On the other h<strong>and</strong>, industrial applications are<br />
expected <strong>to</strong> grow at fastest pace in the form of CHP units, that gives superior efficacy than the single<br />
unit <strong>and</strong> produce outputs in numerous ways.<br />
<strong>Steam</strong> <strong>Turbine</strong> <strong>Market</strong> is segmented, geographically in<strong>to</strong> North America, Europe (Eastern Europe,<br />
Western Europe), Asia Pacific, Latin America, Middle East <strong>and</strong> Africa. Globally, Asia Pacific regional<br />
market accounted for the largest market share of <strong>Steam</strong> <strong>Turbine</strong> Industry <strong>and</strong> is estimated <strong>to</strong> lead the<br />
market over the <strong>forecast</strong> period. The use dem<strong>and</strong> is coming from the country China. The reason being,<br />
high rate of industrialization in China, India.<br />
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Moreover, Europe is expected <strong>to</strong> grow gradually over the <strong>forecast</strong> period. This is mainly due <strong>to</strong> shifting<br />
concentration from traditional <strong>to</strong> cleaner <strong>and</strong> renewable energy sources, increasing use of natural gas<br />
as the main power generation source fixed with gas turbines. <strong>Steam</strong> <strong>Turbine</strong> Industry key players are,<br />
Toshiba, Shanghai Electric Group, General Electric, Dongfang <strong>Turbine</strong> Co. Ltd., BHEL, Harbin <strong>Turbine</strong><br />
Co. Ltd., <strong>and</strong> Siemens.<br />
<strong>Market</strong> Segment:<br />
Geographically, this report is segmented in<strong>to</strong> several key Regions, with production, consumption,<br />
revenue (million USD), market share <strong>and</strong> growth rate of <strong>Steam</strong> <strong>Turbine</strong> in these regions, from<br />
2012 <strong>to</strong> 2022 (<strong>forecast</strong>), covering<br />
• North America<br />
• Europe<br />
• China<br />
• Japan<br />
• Southeast Asia<br />
• India
Global <strong>Steam</strong> <strong>Turbine</strong> market competition by <strong>to</strong>p manufacturers, with production, price, revenue<br />
(value) <strong>and</strong> market share for each manufacturer; the <strong>to</strong>p players including<br />
• GE<br />
• Siemens<br />
• Mitsubishi Heavy Industries<br />
• Kawasaki Heavy Industries<br />
• ABB<br />
• UTW<br />
• Weir Group<br />
• Elliott<br />
• Sumi<strong>to</strong>mo Heavy Industries<br />
• JFE Engineering<br />
• Shin Nippon Machinery<br />
• Als<strong>to</strong>m<br />
• Turboa<strong>to</strong>m<br />
• Doosan ?koda Power<br />
• Power Machines OJSC<br />
• Toshiba<br />
• MAN Diesel & Turbo<br />
• Mitsubishi Hitachi Power Systems<br />
• BHEL<br />
• Mitsui Engineering & Shipbuilding<br />
• ICM INC<br />
• Shanghai Electric<br />
Read Detail <strong>Market</strong> Research Report @<br />
https://www.millioninsights.com/industry-reports/steam-turbine-market<br />
On the basis of product, this report displays the production, revenue, price, market share <strong>and</strong><br />
growth rate of each type, primarily split in<strong>to</strong><br />
• Rated Power (
• Rated Power (20-200MW)<br />
• Rated Power (>200MW)<br />
On the basis on the end users/applications, this report focuses on the status <strong>and</strong> outlook for<br />
major applications/end users, consumption (sales), market share <strong>and</strong> growth rate of <strong>Steam</strong><br />
<strong>Turbine</strong> for each application, including<br />
• Power Equipment<br />
• Ship Equipment<br />
• Other
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