Growing Demand for Electricity will Fuel the Demand for Steam Turbines in Coming Years

Steam Turbines Market

New York, USA, 2018-Jul-21 — /EPR Network/ — According to Goldstein Research, rapid industrialization and urbanization have exponentially augmented the demand for more electricity generation. Wide application of steam turbines in thermal, Solar and nuclear power plants and rising number of projects to increase the capacity of electricity generation has successfully boosted the growth of steam turbines market across the globe. Steam turbines market outlook also includes product development, technological advancements and investment strategies adopted by major market players in order to expand their business across the globe. Moreover, planned and under construction power projects majorly in developing countries such as China, India and Eastern Europe is likely to generate the major demand for the steam turbines in coming years.

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Market Segmentation

On the basis of our in-depth analysis, global steam turbines market can be segmented as follows:

By Product Type

  • Extraction (Condensing) Steam Turbine
  • Non-Condensing or Back Pressure Steam Turbine

By Rated Capacity

  • Less than 300 MW
  • 300 MW to 599 MW
  • 600 MW and above

By End Users

  • Chemical and Pharmaceutical Industry
  • Power Generation Plants (Thermal, Nuclear etc.)
  • Oil and Gas Sector
  • Pulp and Paper Industry
  • Others (sugar mills etc.)

Based on Geography

  • North America (U.S. & Canada) Steam Turbines Market {Market Share (%), Market Size(USD Billion)}
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Steam Turbines Market {Market Share (%), Market Size(USD Billion)}
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden &RoE) Steam Turbines Market {Market Share (%), Market Size(USD Billion)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Steam Turbines Market {Market Share (%), Market Size(USD Billion)}
  • The Middle East & Africa (GCC, South Africa, North Africa, Rome) Steam Turbines Market {Market Share (%), Market Size(USD Billion)}

“Global Steam Turbines Market Outlook 2024” contains a detailed overview of the global steam turbines market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, by rated capacity and by end users.

Further, for the in-depth analysis, Global Steam Turbines Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market research report also includes competitive outlook of some of the major players profiling of companies such as Alstom, Dongfang Electric Corporation (DEC), Elliot Group, GE Energy, Hangzhou Steam Turbine, Harbin Turbine, Nanjing Turbine & Electric Machinery (Group), Shandong Qingneng Power (QNP). The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global steam turbines market trends along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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About Goldstein Research

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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on Energy Industry Analysis report to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in a rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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