Growth Opportunities in the Global Steam Turbine Market for Power Generation by Plant Fuel Type, by Turbine Size & by Region 2016-2021: Trends, Forecast, & Opportunity Analysis

  • ID: 3833707
  • Report
  • Region: Global
  • 112 pages
  • Lucintel
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Global Steam Turbine Market for Power Generation is Expected to Reach an Estimated $18.5 Billion by 2021

FEATURED COMPANIES

  • BHEL
  • Dongfang Turbine Co Ltd.
  • General Electric
  • Harbin Turbine Co. Ltd.
  • Shanghai Electric Group
  • Siemens
  • MORE
Growth Opportunities in the Global Steam Turbine Market for Power Generation by Plant Fuel Type (coal, gas, nuclear), by Turbine Size (less than 300 MW, 300 MW to 599 MW, 600 MW & above) & by Region 2016-2021: Trends, Forecast, & Opportunity Analysis

The global steam turbine market for power generation is expected to reach an estimated $18.5 billion by 2021 at a CAGR of 2.3% during the forecast period (from 2016 to 2021). The major drivers for the growth of this market are growing global electricity demand and relatively lower cost of electricity generation by steam turbine.

Emerging trends, which have a direct impact on the dynamics of the industry, include development of more efficient turbines and technology transfers to secure footprint in large and high growth markets.

A total of 87 figures / charts and 20 tables are provided in this 112-page report to help in your business decisions.

The study includes a forecast for the growth opportunities in the global steam turbine market for power generation by plant fuel, turbine size, and region as follows:

By plant fuel [Volume (GW) and Value ($ billion) from 2010 to 2021]:
-     Coal
-     Gas
-     Nuclear

By turbine size [Volume (GW) and Value ($ billion) from 2010 to 2021]:

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

By region [Volume (GW) and Value ($ billion) from 2010 to 2021]:

-     North America
-     Europe
-     Asia Pacific
-     Rest of the World

Shanghai Electric Group, Dongfang Turbine Co Ltd., Harbin Turbine Co. Ltd., Siemens, BHEL, General Electric, and Toshiba are among the major suppliers of steam turbine.

In this market, coal, gas, and nuclear are the major type of plant fuel being used for power generation. On the basis of comprehensive research, Lucintel forecasts that steam turbine demand for nuclear energy based electricity generation is expected to show above-average growth during the forecast period.

Within the steam turbine market, coal-fired power generation is expected to remain as the largest market. 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. By turbine size, the ‘600 MW and above' turbine is expected to remain the largest segment by both value and volume. High efficiency compared to small turbine is the major driving factors, which would spur growth for this segment over the forecast period.

Asia Pacific is expected to remain the largest market and is likely to witness the highest growth over the forecast period due to growing energy requirement at domestic and industrial level and resulting installation of coal, nuclear and combine cycle power generation facilities.

This report answers following 11 key questions:

    Q. 1. What are some of the most promising, high-growth opportunities for steam turbine market by plant fuel (coal, gas, and nuclear), turbine size (less than 300 MW, 300 MW to 599 MW, and 600 MW and above), and region (North America, Europe, Asia Pacific, and Rest of the World)?

    Q. 2. Which segment will grow at a faster pace and why?

    Q. 3. Which region will grow at a faster pace and why?

    Q. 4. What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?

    Q. 5. What are the business risks and competitive threats in this market?

    Q. 6. What are emerging trends in this market and reasons behind them?

    Q. 7. What are some of the changing demands of customers in the market?

    Q. 8. What are the new developments in the market and which companies are leading these developments?

    Q. 9. Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?

    Q. 10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?

    Q. 11. What M & A activity has occurred in the last 5 years and what is its impact on the industry?
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BHEL
  • Dongfang Turbine Co Ltd.
  • General Electric
  • Harbin Turbine Co. Ltd.
  • Shanghai Electric Group
  • Siemens
  • MORE
1. Executive Summary
2. Industry Background and Characteristics
2.1: Introduction
2.2: Industry Classification
2.3: Supply Chain

3. Market Trends and Forecast Analysis

3.1: Current Market Analysis: 2015
3.1.1: Global Steam Turbine Market by Plant Fuel
3.1.2: Global Steam Turbine Market by Turbine Size in 2015
3.1.3: Steam Turbine Market by Region
3.2: Market Trends from 2010 to 2015
3.2.1: Macroeconomic Trends
3.2.2: Trends of the Global Steam Turbine Market for Power Generation
3.2.3: Global Steam Turbine Market Trends by Plant Fuel
3.2.4: Global Steam Turbine Market Trends by Turbine Size
3.2.5: Global Steam Turbine Market Trends by Region
3.2.6: Market Drivers and Challenges
3.3: Market Forecast from 2016 to 2021
3.3.1: Macroeconomic Forecast
3.3.2: Forecast for the Global Steam Turbine Market for Power Generation
3.3.3: Global Steam Turbine Market Forecast by Plant Fuel
3.3.4: Global Steam Turbine Market Forecast by Turbine Size
3.3.5: Global Steam Turbine Market Forecast by Region

4. Competitor Analysis
4.1: Product Portfolio Analysis of Steam Turbine Suppliers
4.2: Market Share Analysis
4.3: Geographical Reach
4.4: Porter's Five Forces Analysis

5. Growth Opportunities and Strategic Analysis
5.1: Growth Opportunities Analysis
5.2: Emerging Trends in the Global Steam Turbine Market
5.3: Strategic Analysis
5.3.1: New Product Development by Competitors
5.3.2: Capacity Expansion in the Steam Turbine Manufacturing Industry
5.3.3: Mergers and Acquisitions in the Global Steam Turbine Market for Power Generation

6. Company Profiles of Leading Players

List of Figures
Chapter 2. Industry Background and Characteristics

Figure 2.1: Overview of Steam Turbine Power Plant Process
Figure 2.2: Steam Turbine Rotor
Figure 2.3: Steam Turbine Disc
Figure 2.4: Steam Turbine Blades
Figure 2.5: Steam Turbine Nozzle
Figure 2.6: Steam Turbine Bearing
Figure 2.7: Steam Turbine Couplings
Figure 2.8: Steam Turbine Seals
Figure 2.9: Steam Turbine Lubrication Systems
Figure 2.10: Steam Turbine Casing
Figure 2.11: Steam Turbine Shaft
Figure 2.12: Steam Chest in a Steam Turbine
Figure 2.13: Steam Turbine Governor or Control Valve
Figure: 2.14: Key Applications of Steam Turbines by Plant Fuel Type

Chapter 3. Market Trends and Forecast Analysis
Figure 3.1: Global Steam Turbine Market ($ Billion) Distribution by Plant Fuel in 2015
Figure 3.2: Global Steam Turbine Market ($ Billion) by Plant Fuel in 2015
   Figure 3.3: Global Steam Turbine Market (Gigawatt) Distribution by Plant Fuel in 2015
        Figure 3.4: Global Steam Turbine Market (Gigawatt) by Plant Fuel in 2015
        Figure 3.5: Global Steam Turbine Market ($ Billion) Distribution by Turbine Size in 2015
        Figure 3.6: Global Steam Turbine Market ($ Billion) by Turbine Size in 2015
        Figure 3.7: Global Steam Turbine Market (Gigawatt) Distribution by Turbine Size in 2015
        Figure 3.8: Global Steam Turbine Market (Gigawatt) by Turbine Size in 2015
        Figure 3.9: Global Steam Turbine Market ($ Billion) Distribution by Region in 2015
        Figure 3.10: Global Steam Turbine Market ($ Billion) by Region in 2015
        Figure 3.11: Global Steam Turbine Market (Gigawatt) Distribution by Region in 2015
        Figure 3.12: Global Steam Turbine Market (Gigawatt) by Region in 2015
        Figure 3.13: Global Steam Turbine Market ($ Billion) by Region in Terms of Plant Fuel in 2015
        Figure 3.14: Global Steam Turbine Market (Gigawatt) by Region in Terms of Plant Fuel in 2015
        Figure 3.15: Global Steam Turbine Market ($ Billion) by Region in Terms of Turbine Size in 2015
        Figure 3.16: Global Steam Turbine Market (Gigawatt) by Region in Terms of Turbine Size in 2015
        Figure 3.17: Trends of the Global GDP Growth Rate
        Figure: 3.18 Trends of the Regional GDP Growth Rate
        Figure 3.19: Regional Coal Consumption Trends from 2010 to 2015
        Figure 3.20: Coal Price Trends from 2010 to 2015
        Figure 3.22: Global Steam Turbine Market Trends from 2010 to 2015
        Figure 3.22: Global Steam Turbine Market ($ Billion) Trends by Plant Fuel from 2010 to 2015
        Figure 3.23: Growth of the Global Steam Turbine Market ($ Billion) by Plant Fuel from 2014 to 2015
        Figure 3.24: CAGR of the Global Steam Turbine Market ($ Billion) by Plant Fuel from 2010 to 2015
        Figure 3.25: Global Steam Turbine Market (Gigawatt) Trends by Plant Fuel from 2010 to 2015
        Figure 3.26: Growth of the Global Steam Turbine Market (Gigawatt) by Plant Fuel from 2014 to 2015
        Figure 3.27: CAGR of the Global Steam Turbine Market (Gigawatt) by Plant Fuel from 2010 to 2015
        Figure 3.28: Global Steam Turbine Market ($ Billion) Trends by Turbine Size from 2010 to 2015
        Figure 3.29: Growth of the Global Steam Turbine Market ($ Billion) by Turbine Size from 2014 to 2015
        Figure 3.30: CAGR of the Global Steam Turbine Market ($ Billion) by Turbine Size from 2010 to 2015
        Figure 3.31: Global Steam Turbine Market (Gigawatt) Trends by Turbine Size from 2010 to 2015
        Figure 3.32: Growth of the Global Steam Turbine Market (Gigawatt) by Turbine Size from 2014 to 2015
        Figure 3.33: CAGR of the Global Steam Turbine Market (Gigawatt) by Turbine Size from 2010 to 2015
        Figure 3.34: Global Steam Turbine Market ($ Billion) Trends by Region from 2010 to 2015
        Figure 3.35: Growth of the Global Steam Turbine Market ($ Billion) by Region from 2014 to 2015
        Figure 3.36: CAGR of the Global Steam Turbine Market ($ Billion) by Region from 2010 to 2015
        Figure 3.37: Global Steam Turbine Market (Gigawatt) Trends by Region from 2010 to 2015
        Figure 3.38: Growth of the Global Steam Turbine Market (Gigawatt) by Region from 2014 to 2015
        Figure 3.39: CAGR of the Global Steam Turbine Market (Gigawatt) by Region from 2010 to 2015
        Figure 3.40: Drivers and Challenges for the Global Steam Turbine Market
        Figure 3.41: Forecast for the Global GDP Growth Rate
        Figure 3.42: Forecast for the Regional GDP Growth Rate
        Figure 3.43: Global Steam Turbine Market Forecast from 2016 to 2021
        Figure 3.44: Global Steam Turbine Market ($ Billion) Forecast by Plant Fuel from 2016 to 2021
        Figure 3.45: Growth of the Global Steam Turbine Market ($ Billion) by Plant Fuel from 2015 to 2016
        Figure 3.46: CAGR Forecast for the Global Steam Turbine Market ($ Billion) by Plant Fuel from 2016 to 2021
        Figure 3.47: Global Steam Turbine Market (Gigawatt) Forecast by Plant Fuel from 2016 to 2021
        Figure 3.48: Growth of the Global Steam Turbine Market (Gigawatt) by Plant Fuel from 2015 to 2016
        Figure 3.49: CAGR Forecast for the Global Steam Turbine Market (Gigawatt) by Plant Fuel from 2016 to 2021
        Figure 5.50: Global Steam Turbine Market ($ Billion) Forecast by Turbine Size from 2016 to 2021
        Figure 3.51: Growth of the Global Steam Turbine Market ($ Billion) by Turbine Size from 2015 to 2016
        Figure 3.52: CAGR Forecast for the Global Steam Turbine Market ($ Billion) by Turbine Size from 2016 to 2021
        Figure 3.53: Global Steam Turbine Market (Gigawatt) Forecast by Turbine Size from 2016 to 2021
        Figure 3.54: Growth of the Global Steam Turbine Market (Gigawatt) by Turbine Size from 2015 to 2016
        Figure 3.55: CAGR Forecast for the Global Steam Turbine Market (Gigawatt) by Turbine Size from 2016 to 2021
        Figure 3.56: Global Steam Turbine Market ($ Billion) Forecast by Region from 2016 to 2021
        Figure 3.57: Growth of the Global Steam Turbine Market ($ Billion) by Region from 2015 to 2016
        Figure 3.58: CAGR Forecast for the Global Steam Turbine Market ($ Billion) by Region from 2016 to 2021
        Figure 3.59: Global Steam Turbine Market (Gigawatt) Forecast by Region from 2016 to 2021
        Figure 3.60: Growth of the Global Steam Turbine Market (Gigawatt) by Region from 2015 to 2016
        Figure 3.61: CAGR Forecast for the Global Steam Turbine Market (Gigawatt) by Region from 2016 to 2021

    Chapter 4. Competitor Analysis
        Figure 4.1: Global Steam Turbine Manufacturers' Market Share Analysis in 2015
        Figure 4.2: Global Steam Turbine Market Top Five Players' Market Share Analysis in 2015
        Figure 4.3: Headquarter Locations of Major Steam Turbine Manufacturers
        Figure 4.4: Porter's Five Forces Analysis of Steam Turbine Material Market

    Chapter 5. Growth Opportunities and Strategic Analysis
        Figure 5.1: Opportunities in the Global Steam Turbine Market by Region
        Figure 5.2: Opportunities in the Global Steam Turbine Market by Turbine Size
        Figure 5.3: Opportunities in the Global Steam Turbine Market by Plant Fuel
        Figure 5.4: Emerging Trends in the Global Steam Turbine Market
        Figure 5.5: Strategic Initiatives by Major Competitors in 2015
        Figure 5.6: Strategic Initiatives by Major Competitors in 2014
        Figure 5.7: Year-on-Year Comparison of Strategic Initiatives by Major Competitors in the Global Steam Turbine Market
        Figure 5.8: Capacity Expansion of Major Steam Turbine Manufacturers during Last Five Years

    List of Tables

    Chapter 1. Executive Summary
        Table 1.1: Global Steam Turbine Market Parameters and Attributes

    Chapter 3. Market Trends and Forecast Analysis
        Table 3.1: Trends of the Global Steam Turbine Market for Power Generation from 2010 to 2015
        Table 3.2: Average Growth Rates for One, Three, and Five Years of the Global Steam Turbine Market in Terms of Shipment Value
        Table 3.3: Market Size and 2014 to 2015 Growth Rates of the Global Steam Turbine Market by Plant Fuel in Terms of Value and Volume
        Table 3.4: Market Size and CAGR during Last Five Years (2010 to 2015) of the Global Steam Turbine Market by Plant Fuel in Terms of Value and Volume
        Table 3.5: Market Size and 2014 to 2015 Growth Rates of the Global Steam Turbine Market by Turbine Size in Terms of Value and Volume
        Table 3.6: Market Size and CAGR (2010 to 2015) of the Global Steam Turbine Market by Turbine Size in Terms of Value and Volume
        Table 3.7: Market Size and 2014 to 2015 Growth Rates of the Global Steam Turbine Market by Region in Terms of Value and Volume
        Table 3.8: Market Size and CAGR (2010-2015) of the Global Steam Turbine Market by Region in Terms of Value and Volume
        Table 3.9: Forecast for the Global Steam Turbine Market for Power Generation from 2016 to 2021
        Table 3.10: Average Growth Rates for One, Three, and Five Years of the Global Steam Turbine Market in Terms of Value Shipment
        Table 3.11: Market Size and 2015 to 2016 Growth Rates by Plant Fuel of the Global Steam Turbine Market in Terms of Value and Volume
        Table 3.12: Market Size and Annual Growth Rates from 2016 to 2021 of the Global Steam Turbine Market by Plant Fuel in Terms of Value and Volume
        Table 3.13: Market Size and 2015-2016 Growth Rates by Turbine Size of the Global Steam Turbine Market in Terms of Value and Volume
        Table 3.14: Market Size and Annual Growth Rates from 2016 to 2021 of the Global Steam Turbine Market by Turbine Size in Terms of Value and Volume
        Table 3.15: Market Size and 2015-2016 Growth Rates of the Global Steam Turbine Market by Region in Terms of Value and Volume
        Table 3.16: Market Size and Annual Growth Rates during Forecast Period from 2016 to 2021 of the Global Steam Turbine Market by Region in Terms of Value and Volume

    Chapter 4. Competitor Analysis
        Table 4.1: Product Portfolio Analysis of Steam Turbine

    Chapter 5. Growth Opportunities and Strategic Analysis
        Table 5.2: New Product Launches (2015-2015) by Major Manufacturers of Steam Turbine
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-  BHEL
-  Dongfang Turbine Co Ltd.
-  General Electric
-  Harbin Turbine Co. Ltd.
-  Shanghai Electric Group
-  Siemens
-  Toshiba
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