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

Global steam turbines market
Global steam turbines market
According to Goldstein Research, rapid industrialization and urbanization has exponentially augmented the demand for more electricity generation. 2018-09-14 12:22:03
According to Goldstein Research, rapid industrialization and urbanization has 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. Global 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)}

• Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Steam Turbines Market {Market Share (%), Market Size(USD Billion)}

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

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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 report also includes competitive outlook of some of the major players profiling of companies such as Alstom, Harbin Turbine, Dongfang Electric Corporation (DEC), Elliot Group, GE Energy, Hangzhou Steam Turbine, Nanjing Turbine & Electric Machinery (Group), Shandong Qingneng Power (QNP), Nanjing Turbine & Electric Machinery (Group). 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 market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players examining possibilities and other stakeholders to bring into line their market centric approaches according to the ongoing and expected trends in the future.

Key queries countered in this global steam turbines market report

• What is the global steam turbines market size by 2024 and what would be the expected growth rate of sales?

• What are the steam turbines market trends?

• What are the dynamics which are driving this market?

• What are the major barriers to steam turbines market growth?

• Who are the prominent vendors in this market space?

• What are the market prospects for the current and entry level players?

• What are the latest improvements and market strategies of the key players?

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Press Information
Goldstein Research
99 Wall Street, Suite No:- 527

Steve blade
Global Sales Manager

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