"The Latest Research Report Industrial Steam Turbines Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. – MarketResearchReports.biz”

Large rotating devices that efficiently extract useful energy from a high speed flowing fluid are called turbines. Steam turbines therefore convert the energy stored in high energy steam around it into useful forms of energy such as electrical and mechanical energy. One of the most common uses of industrial steam turbine is for the production of electricity. At present, electricity generation for power requirement is usually sourced from fossil fuels such as coal & petroleum and also from renewable sources of energy such as solar energy to heat the water present in the boilers generating steam. The demand for industrial steam turbines is on a growing curve owing to increasing power requirements, growing infrastructure developments, rapid industrialization, migration of large chunk of population from less developed to highly developed areas and growing human population.

Industrial Steam Turbines Market Dynamics

Industrial steam turbines in comparison to other forms of power generation turbines are cheaper alternative for the production of low cost electricity when the source of power is fossil fuel, making it an attractive prospect for electricity production, thereby driving the growth of the market. The problems associated with the exponential rate of depletion of non-renewable sources of energy compel the manufacturers of industrial steam turbines to manufacture more efficient and durable equipment leading to a healthy growth of the industrial steam turbine market. The expansion of nuclear based power generation and increasing setting up of nuclear power plants have influenced the growth of industrial steam turbines market.

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One of the important factors that can come across as a roadblock for the growth of the industrial steam turbine market is the growing preference for gas turbines in power generating plants. This is due to increasing pressure from environmental activists on reducing the level of pollution caused by the steam turbines run by fossil fuels as well as being able to generate power through variety of fuel sources and being highly efficient.

Trends in the market include the increasing popularity of dual purpose industrial steam turbines wherein both heat and electricity are generated simultaneously for different purposes known as Combined Heat and Power (CHP) or Cogeneration as well as Trigeneration or Combined Cooling Heat and Power (CCHP). These special purpose industrial steam turbines are usually employed in manufacturing applications where heat is utilized.

Industrial Steam TurbinesMarket: Segmentation

Industrial Steam TurbinesMarket can be segmented as follows.

By Rated Capacity, the Industrial Steam Turbines market can be segmented as:

• Less than 125 MW
• 125-300 MW
• 300-550 MW
• 550-750 MW
• Above 750 MW

By Type, the Industrial Steam Turbines market can be segmented as:

• Steam Cycle
• Combined Cycle
• Cogeneration
• Trigeneration

By Operating Principle, the Industrial Steam Turbines market can be segmented as:

• Reaction turbine
• Impulse turbine

By Exhaust Type, the Industrial Steam Turbines market can be segmented as:

• Condescending
• Extraction
• Back pressure
• Re-heat

By Power Source, the Industrial Steam Turbines market can be segmented as:

• Fossil Fuels
• Solar
• Others (Nuclear, etc.)

By Application, the Industrial Steam Turbines market can be segmented as:

• Power and Utility
• Industrial

Industrial Steam TurbinesMarket: Regional Outlook

Rapid development in China and India in terms of infrastructure, industrialization and power requirement has led to high growth of industrial steam turbines market in the Asia Pacific region, while the growth of the market in Western Europe and North America is estimated to slowdown, owing to adoption of less polluting gas turbines.

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Industrial Steam Turbines Market: Market Participants

Examples of some of the market participants identified in the Global Industrial Steam Turbines market are:

• Harbin Electric Machinery Co., Ltd.
• Dongfang Electric Corporation
• Elliott Group
• Kawasaki Heavy Industries Ltd.
• General Electric Company
• Siemens AG
• Mitsubishi Heavy Industries, Ltd.
• Toshiba America Energy Systems Corporation
• Ansaldo Energia s.p.a
• Peter Brotherhood Ltd.
• Fuji Electric Co., Ltd.
• Bharat Heavy Electricals Limited
• Doosan Škoda Power
• TGM Kanis Turbinen GmbH
• OJSC Power Machines

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

• Tailwinds and headwinds molding the market’s trajectory
• Market segments based on products, technology, and applications
• Prospects of each segment
• Overall current and possible future size of the market
• Growth pace of the market
• Competitive landscape and key players’ strategies

The main aim of the report is to:

• Enable key stakeholder’s in the market bet right on it
• Understand the opportunities and pitfalls awaiting them
• Assess the overall growth scope in the near term
• Strategize effectively with respect to production and distribution

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