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The future of the steam turbine market in India looks good with opportunities in coal-fired, gas-fired, and nuclear energy based power generation. The major drivers for growth of this market are growing global electricity demand and relatively lower cost of electricity generation by steam turbine.
Emerging trend, which has a direct impact on the dynamics of the steam turbine market for power generation industry, include development of more efficient turbines.
A total of 25 figures / charts and 12 tables are provided in this 60-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this steam turbine market for power generation in India report, download the report brochure.
Steam Turbine Market for Power Generation in India
by Segment: 2014-2025 (US $M) (Randomized Data)
Trends and Forecasts for Steam Turbine Market for Power Generation
in India: 2014-2025 (US $M) (Randomized Data)
The study includes the market size and forecast for growth opportunities in the steam turbine market for power generation in India by plant fuel, turbine size, and thermal power plant type as follows:
Steam Turbine Market for Power Generation by plant fuel [Volume (GW) and Value ($ billion) from 2014 to 2025]:
Steam Turbine Market for Power Generation by turbine size [Volume (GW) and Value ($ billion) from 2014 to 2025]:
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Less than 300 MW
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300 MW to 599 MW
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600 MW and above
Steam Turbine Market for Power Generation by thermal power plant type [Volume (GW) and Value ($ billion) from 2014 to 2025]:
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Steam Cycle
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Combined Cycle
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Cogeneration
On the basis of comprehensive research, Lucintel forecasts that steam turbine used in coal based power generation is expected to remain the largest segment. Abundance in the availability of coal and lower cost of generating electricity through coal-fired power plants is likely to drive this segment over the forecast period. Steam turbines used in nuclear energy based electricity generation is expected to witness highest growth during the forecast period.
By turbine size, the ‘600 MW and above’ turbine is expected to remain the largest segment and is also expected to witness highest growth during the forecast period. High efficiency as compared to smaller turbines is driving growth of this segment over the forecast period.
Some of the features of “Opportunities for the Steam Turbine Market for Power Generation in India 2014-2025: Trends, Forecast and Competitive Analysis” Include:
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Market size estimates: Steam turbine for power generation market size estimation in terms of value ($B) and volume (GW) shipment.
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Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by plant fuel, turbine size, and thermal power plant type.
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Segmentation analysis: Steam turbine for power generation market size by plant fuel (coal, gas, and nuclear), turbine size (less than 300 MW, 300 MW to 599 MW, and 600 MW and above), and thermal power plant type (steam cycle, combined cycle, and cogeneration) in terms of value.
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Growth opportunities: Analysis on growth opportunities in different plant fuel, turbine size, and thermal power plant type for power generation in the steam turbine market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 7 key questions:
Q.1. What are some of the most promising, high-growth opportunities for steam turbine market in India by plant fuel (coal, gas, and nuclear), turbine size (less than 300 MW, 300 MW to 599 MW, and 600 MW and above), and thermal power plant type (steam cycle, combined cycle, and cogeneration)?
Q.2. Which segment will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this steam turbine for power generation market?
Q.4. What are the business risks and competitive threats in this steam turbine for power generation market?
Q.5. What are emerging trends in this steam turbine for power generation market and reasons behind them?
Q.6. What are some of the changing demands of customers in the steam turbine for power generation market?
Q.7. What are the new developments in the steam turbine for power generation market and which companies are leading these developments?