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Steam Turbine for Thermal Power, Update 2019 - Global Market Size, Average Price, Equipment Market Share and Key Country Analysis to 2023

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  • 219 Pages
  • July 2019
  • Region: Global
  • GlobalData
  • ID: 4829028
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Steam Turbine for Thermal Power, Update 2019 - Global Market Size, Average Price, Equipment Market Share and Key Country Analysis to 2023

Summary

The global steam turbine market registered a market value of US$9.25bn in 2018, primarily driven by growth in China. Despite a slowdown in capacity additions, the country will continue to lead the global market, followed by India, the US, Egypt and Vietnam, between 2019 and 2023. The increasing demand for uninterrupted power in developing countries such as China and India, and the rise in combined-cycle and cogeneration operations are set to drive the aggregate value of the global steam turbine market to US$36.70bn between 2019 and 2023.

Coal power generation is expected to gradually lose its prominence in power generation as countries across the world are aiming at cutting down dependence on coal and switching to renewable resources and natural gas for power generation to achieve climate targets and reduce carbon emissions. However, technological improvements and developments in thermal power such as carbon capture and storage, combined heat and power, and CCGT, and the discovery of shale gas will drive the thermal power market over the forecast period.

Asia-Pacific (APAC) was the largest market for steam turbines during the historical period (2014-2018) with an aggregate value of US$47.26bn. APAC will continue to lead the global market over the forecast period with an aggregate value of US$26.79bn. China was the top country for steam turbines with a market value of US$3.56bn in 2018. However, due to a mandatory target to reduce the coal-fired capacity, the country is set to witness a decline in market value to US$1.53bn by 2023.

Challenges such as increased focus on renewable energy sources and natural gas to move away from coal for cleaner energy, environmental regulations, land acquisition problems, non-availability of domestic coal in some countries and energy supply security issues continue to hinder the growth potential of the global steam turbines market. Governments’ plans to add coal-fired capacity and the use of advanced technologies such as ultra-supercritical, supercritical and other clean coal technologies for existing and upcoming coal power plants are the major factors that will determine the future of installations globally.

The latest report "Steam Turbine for Thermal Power, Update 2019 - Global Market Size, Average Price, Equipment Market Share and Key Country Analysis to 2023", offers comprehensive information and understanding of the global steam turbines market. The report offers in-depth analysis of steam turbine market at global, regional (Asia-Pacific, Americas, Europe, and Middle East and Africa) and key countries (the US, India, China, Republic of Korea, Vietnam, Indonesia, Saudi Arabia, the UK, Turkey, and Egypt) level.

The report analyzes the steam turbine market volume, value and average price for the historical (2013-2018) and forecast (2019-2023) period. The report covers the drivers and restraints affecting the steam turbine market, country-wise annual capacity additions, market value and average price, project case studies, key projects, and the competitive landscape for respective countries in 2018. Profiles of major steam turbine manufacturers are also presented in this report.

Scope

The report analyses steam turbine market. Its scope includes -
  • Analysis of the growth of steam turbine market with a focus on market value and volume in global and regional level including Asia-Pacific, Americas, Europe, and Middle East and Africa.
  • The report provides steam turbines market analysis for key countries including the US, India, China, Republic of Korea, Vietnam, Indonesia, Saudi Arabia, the UK, Turkey, and Egypt.
  • The report offers country level steam turbine market size analysis with respect to market volume, value and average price for the historical (2013-2018) and forecast (2019-2023) periods.
  • It provides competitive landscape at country level for the year 2018 and profiles of major players in steam turbines market.
  • Annual additions, market value, key market drivers and restraints, and analysis of their impact in steam turbines market, project case studies, and key projects are also discussed.

Reasons to Buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
  • Facilitate decision-making by analyzing historical and forecast data on steam turbines market.
  • Develop strategies based on developments in the steam turbines market.
  • Identify key partners and business-development avenues, based on an understanding of the movements of the major competitors in the steam turbines market.
  • Respond to your competitors’ business structure, strategies and prospects.

Table of Contents

1 Table of Contents
1.1 List of Tables
1.2 List of Figures
2 Executive Summary
2.1 Global Steam Turbine Market to Reach an Aggregate Value of $36.70bn during 2019-2023
2.2 China to Lead Asia-Pacific Steam Turbine Market followed by India and Vietnam
3 Introduction
3.1 Steam Turbines, Definition
3.2 Steam Turbines, Types
3.3 Steam Turbines, Coal-Fired Power Plant Working Model
3.4 Steam Turbines, Coal Power Technologies
3.5 Steam Turbines, “New Rules” for Coal-fired Power Plants
3.6 Steam Turbines, Report Scope
3.7 Report Guidance
4 Steam Turbines, Global
4.1 Thermal Power, Global, Market Overview
4.2 Steam Turbines, Global, Market Drivers and Restraints
4.3 Steam Turbines, Global, Market Size
4.4 Steam Turbines, Global, Capacity Segment Type
4.5 Steam Turbines, Global, Competitive Landscape
5 Steam Turbines, Americas
5.1 Steam Turbines, Americas, Market Overview
5.2 Steam Turbines, Americas, Market Size Analysis, Volume (MW and Units) by Capacity Segment, 2013-2023
5.3 Steam Turbines, Americas, Market Size Analysis, Value ($m) by Capacity Segment, 2013-2023
6 Steam Turbines, US
6.1 Thermal Power, US, Market Overview
6.2 Steam Turbines, US, Market Drivers and Restraints Analysis
6.3 Steam Turbines, US, Market Size Analysis
6.4 Steam Turbines, US, Competitive Landscape
6.5 Steam Turbines, US, Project Case Study
6.6 Steam Turbines, US, Key Projects
7 Steam Turbines, Asia-Pacific
7.1 Steam Turbines, Asia-Pacific, Market Overview
7.2 Steam Turbines, Asia-Pacific, Market Size Analysis, Volume (MW and Units) by Capacity Segment, 2013-2023
7.3 Steam Turbines, Asia-Pacific, Market Size Analysis, Value ($m) by Capacity Segment, 2013-2023
8 Steam Turbines, India
8.1 Thermal Power, India, Market Overview
8.2 Steam Turbines, India, Market Drivers and Restraints Analysis
8.3 Steam Turbines, India, Market Size Analysis
8.4 Steam Turbines, India, Competitive Landscape
8.5 Steam Turbines, India, Project Case Study
8.6 Steam Turbines, India, Key Projects
9 Steam Turbines, China
9.1 Thermal Power, China, Market Overview
9.2 Steam Turbines, China, Market Drivers and Restraints Analysis
9.3 Steam Turbines, China, Market Size Analysis
9.4 Steam Turbines, China, Competitive Landscape
9.5 Steam Turbines, China, Project Case Study
9.6 Steam Turbines, China, Key Projects
10 Steam Turbines, Republic of Korea
10.1 Thermal Power, Republic of Korea, Market Overview
10.2 Steam Turbines, Republic of Korea, Market Drivers and Restraints Analysis
10.3 Steam Turbines, Republic of Korea, Market Size Analysis
10.4 Steam Turbines, Republic of Korea, Competitive Landscape
10.5 Steam Turbines, Republic of Korea, Project Case Study
10.6 Steam Turbines, Republic of Korea, Key Projects
11 Steam Turbines, Vietnam
11.1 Thermal Power, Vietnam, Market Overview
11.2 Steam Turbines, Vietnam, Market Drivers and Restraints Analysis
11.3 Steam Turbines, Vietnam, Market Size Analysis
11.4 Steam Turbines, Vietnam, Competitive Landscape
11.5 Steam Turbines, Vietnam, Project Case Study
11.6 Steam Turbines, Vietnam, Key Projects
12 Steam Turbines, Indonesia
12.1 Thermal Power, Indonesia Market Overview
12.2 Steam Turbines, Indonesia, Market Drivers and Restraints Analysis
12.3 Steam Turbines, Indonesia, Market Size Analysis
12.4 Steam Turbines, Indonesia, Competitive Landscape
12.5 Steam Turbines, Indonesia, Project Case Study
12.6 Steam Turbines, Indonesia, Key Projects
13 Steam turbines, Europe, Middle East, and Africa (EMEA)
13.1 Thermal Power, EMEA, Market Overview
13.2 Steam Turbines, EMEA, Market Size Analysis, Volume (MW and Units) by Capacity Segment, 2013-2023
13.3 Steam Turbines, EMEA, Market Size Analysis, Value ($m) by Capacity Segment, 2013-2023
14 Steam Turbines, Saudi Arabia
14.1 Thermal Power, Saudi Arabia Market Overview
14.2 Steam Turbines, Saudi Arabia, Market Drivers and Restraints Analysis
14.3 Steam Turbines, Saudi Arabia, Market Size Analysis
14.4 Steam Turbines, Saudi Arabia, Competitive Landscape
14.5 Steam Turbines, Saudi Arabia, Project Case Study
14.6 Steam Turbines, Saudi Arabia, Key Projects
15 Steam Turbines, UK
15.1 Thermal Power, UK, Market Overview
15.2 Steam Turbines, UK, Market Drivers and Restraints Analysis
15.3 Steam Turbines, UK, Market Size Analysis
15.4 Steam Turbines, UK, Project Case Study
15.5 Steam Turbines, UK, Key Projects
16 Steam Turbines, Turkey
16.1 Thermal Power, Turkey, Market Overview
16.2 Steam Turbines, Turkey, Market Drivers and Restraints Analysis
16.3 Steam Turbines, Turkey, Market Size Analysis
16.4 Steam Turbines, Turkey, Competitive Landscape
16.5 Steam Turbines, Turkey, Project Case Study
16.6 Steam Turbines, Turkey, Key Projects
17 Steam Turbines, Egypt
17.1 Thermal Power, Egypt Market Overview
17.2 Steam Turbines, Egypt, Market Drivers and Restraints Analysis
17.3 Steam Turbines, Egypt, Market Size Analysis
17.4 Steam Turbines, Egypt, Competitive Landscape
17.5 Steam Turbines, Egypt, Project Case Study
17.6 Steam Turbines, Egypt, Key Projects
18 Steam Turbines, Global, Key Company Profiles
18.1 Dongfang Electric Corporation Limited
18.2 Harbin Electric Company Limited
18.3 Bharat Heavy Electricals Limited
18.4 Mitsubishi Hitachi Power Systems Ltd
18.5 GE Power
18.6 Siemens AG
18.7 Toshiba Corporation
19 Appendix
19.1 Abbreviations
19.2 Bibliography
19.3 Research Methodology
19.4 Contact Us
19.5 Disclaimer
List of Tables
Table 1: Steam Turbines, Global, Market Snapshot
Table 2: Steam Turbines, Global, Market Drivers and Restraints and Impact Analysis
Table 3: Steam Turbines, Global, Market Value ($bn), 2013-2023
Table 4: Steam Turbines, Global, Market Volume (GW and Units), 2013-2023
Table 5: Steam Turbines, Global, Market Volume by Capacity Segment (MW), 2013, 2018, 2023
Table 6: Steam Turbines, Global, Regional Market Value ($bn), 2013, 2018, 2023
Table 7: Steam Turbines, Global, Competitive Market Snapshot
Table 8: Steam Turbines, Global, Market Share (%), 2018
Table 9: Steam Turbines, Americas, Market Snapshot
Table 10: Steam Turbines, Americas, Market Volume (MW and Units) by Capacity Segment, 2013-2023
Table 11: Steam Turbines, Americas, Market Value ($m) by Capacity Segment, 2013-2023
Table 12: Steam Turbines, US, Market Snapshot
Table 13: Steam Turbines, US, Market Drivers and Restraints and Impact Analysis
Table 14: Steam Turbines, US, Market Volume (MW and Units) by Capacity Segment, 2013-2023
Table 15: Steam Turbines, US, Market Value ($m) by Capacity Segment, 2013-2023
Table 16: Steam Turbines, US, Average Price ($/kW) by Capacity Segment, 2013-2023
Table 17: Steam Turbines, US, Recent Tenders and Contracts
Table 18: Steam Turbines, US, Market Share (%), 2018
Table 19: Steam Turbines, Hummel Power Station, Project Case Study
Table 20: Steam Turbines, Citrus County Combined Cycle Power Plant, Project Case Study
Table 21: Steam Turbines, US, Key Projects
Table 22: Steam Turbines, Asia-Pacific, Market Snapshot
Table 23: Steam Turbines, Asia-Pacific, Market Volume (MW and Units) by Capacity Segment, 2013-2023
Table 24: Steam Turbines, Asia-Pacific, Market Value ($m) by Capacity Segment, 2013-2023
Table 25: Steam Turbines, India, Market Snapshot
Table 26: Steam Turbines, India, Market Drivers and Restraints and Impact Analysis
Table 27: Steam Turbines, India, Market Volume (MW and Units) by Capacity Segment, 2013-2023
Table 28: Steam Turbines, India, Market Value ($m) by Capacity Segment, 2013-2023
Table 29: Steam Turbines, India, Average Price ($/kW) by Capacity Segment, 2013-2023
Table 30: Steam Turbines, India, Recent Tenders and Contracts
Table 31: Steam Turbines, India, Market Share (%), 2018
Table 32: Steam Turbines, Kothagudem Thermal Power Station Stage VII, Project Case Study
Table 33: Steam Turbines, Wanakbori Thermal Power Station Expansion, Project Case Study
Table 34: Steam Turbines, India, Key Projects
Table 35: Steam Turbines, China, Market Snapshot
Table 36: Steam Turbines, China, Market Drivers and Restraints and Impact Analysis
Table 37: Steam Turbines, China, Market Volume (MW and Units) by Capacity Segment, 2013-2023
Table 38: Steam Turbines, China, Market Value ($m) by Capacity Segment, 2013-2023
Table 39: Steam Turbines, China, Average Price ($/kW) by Capacity Segment, 2013-2023
Table 40: Steam Turbines, China, Recent Tenders and Contracts
Table 41: Steam Turbines, China, Market Share (%), 2018
Table 42: Steam Turbines, Wuxi Combined Cycle Power Plant, Project Case Study
Table 43: Steam Turbines, Tianjin Beijiang Electric Power Plant, Project Case Study
Table 44: Steam Turbines, China, Key Projects
Table 45: Steam Turbines, Republic of Korea, Market Snapshot
Table 46: Steam Turbines, Republic of Korea, Market Drivers and Restraints and Impact Analysis
Table 47: Steam Turbines, Republic of Korea, Market Volume (MW and Units) by Capacity Segment, 2013-2023
Table 48: Steam Turbines, Republic of Korea, Market Value ($m) by Capacity Segment, 2013-2023
Table 49: Steam Turbines, Republic of Korea, Average Price ($/kW) by Capacity Segment, 2013-2023
Table 50: Steam Turbines, Republic of Korea, Recent Tenders and Contracts
Table 51: Steam Turbines, Republic of Korea, Market Share (%), 2018
Table 52: Steam Turbines, Jeju Combined Cycle Power Plant, Project Case Study
Table 53: Steam Turbines, Goseong Green Power Plant, Project Case Study
Table 54: Steam Turbines, Republic of Korea, Key Projects
Table 55: Steam Turbines, Vietnam, Market Snapshot
Table 56: Steam Turbines, Vietnam, Market Drivers and Restraints and Impact Analysis
Table 57: Steam Turbines, Vietnam, Market Volume (MW and Units) by Capacity Segment, 2013-2023
Table 58: Steam Turbines, Vietnam, Market Value ($m) by Capacity Segment, 2013-2023
Table 59: Steam Turbines, Vietnam, Average Price ($/kW) by Capacity Segment, 2013-2023
Table 60: Steam Turbines, Vietnam, Recent Tenders and Contracts
Table 61: Steam Turbines, Vietnam, Market Share (%), 2018
Table 62: Steam Turbines, Thai Binh 1 Thermal Power Plant, Project Case Study
Table 63: Steam Turbines, Vinh Tan Coal Fired Power Plant I, Project Case Study
Table 64: Steam Turbines, Vietnam, Key Projects
Table 65: Steam Turbines, Indonesia, Market Snapshot
Table 66: Steam Turbines, Indonesia, Market Drivers and Restraints and Impact Analysis
Table 67: Steam Turbines, Indonesia, Market Volume (MW and Units) by Capacity Segment, 2013-2023
Table 68: Steam Turbines, Indonesia, Market Value ($m) by Capacity Segment, 2013-2023
Table 69: Steam Turbines, Indonesia, Average Price ($/kW) by Capacity Segment, 2013-2023
Table 70: Steam Turbines, Indonesia, Recent Tenders and Contracts
Table 71: Steam Turbines, Indonesia, Market Share (%), 2018
Table 72: Steam Turbines, Central Java Power Project, Project Case Study
Table 73: Steam Turbines, Java 7 Coal Fired Power Plant, Project Case Study
Table 74: Steam Turbines, Indonesia, Key Projects
Table 75: Steam Turbines, EMEA, Market Snapshot
Table 76: Steam Turbines, EMEA, Market Volume (MW and Units) by Capacity Segment, 2013-2023
Table 77: Steam Turbines, EMEA, Market Value ($m) by Capacity Segment, 2013-2023
Table 78: Steam Turbines, Saudi Arabia, Market Snapshot
Table 79: Steam Turbines, Saudi Arabia, Market Drivers and Restraints and Impact Analysis
Table 80: Steam Turbines, Saudi Arabia, Market Volume (MW and Units) by Capacity Segment, 2013-2023
Table 81: Steam Turbines, Saudi Arabia, Market Value ($m) by Capacity Segment, 2013-2023
Table 82: Steam Turbines, Saudi Arabia, Average Price ($/kW) by Capacity Segment, 2013-2023
Table 83: Steam Turbines, Saudi Arabia, Recent Tenders and Contracts
Table 84: Steam Turbines, Saudi Arabia, Market Share (%), 2018
Table 85: Steam Turbines, Rabigh 2 Independent Power Project, Project Case Study
List of Figures
Figure 1: Steam Turbines, Global, Market Value ($bn) by Capacity Segment, 2013, 2018, and 2023
Figure 2: Steam Turbines, Key Countries, Market Value ($m), 2018
Figure 3: Steam Turbines, Coal-Fired Power Plant Working Model
Figure 4: Steam Turbines, Report Scope
Figure 5: Energy Mix, Global, Cumulative Installed Capacity (%), by Fuel Sources, 2018 and 2023
Figure 6: Steam Turbines, Global, Market Value ($bn), 2013-2023
Figure 7: Steam Turbines, Global, Market Volume (MW and Units), by Capacity Segment, 2013-2023
Figure 8: Steam Turbines, Global, Market Volume Percent Split by Capacity Segment (%), 2013, 2018, and 2023
Figure 9: Steam Turbines, Global, Regional Market Value Percent Split (%), 2013, 2018, and 2023
Figure 10: Steam Turbines, Global, Market Share (%), 2018
Figure 11: Steam Turbines, Americas, Market Volume (MW), by Capacity Segment, 2013-2018, 2019-2023
Figure 12: Steam Turbines, Americas, Market Value ($m) by Capacity Segment, 2013-2023
Figure 13: Energy Mix, US, Cumulative Installed Capacity (%), by Fuel Sources, 2018 and 2023
Figure 14: Steam Turbines, US, Market Volume (MW), by Capacity Segment, 2013-2018, 2019-2023
Figure 15: Steam Turbines, US, Market Value ($m) by Capacity Segment, 2013-2023
Figure 16: Steam Turbines, US, Average Price ($/kW) by Capacity Segment, 2013-2023
Figure 17: Steam Turbines, US, Market Share (%), 2018
Figure 18: Steam Turbines, Asia-Pacific, Market Volume (MW), by Capacity Segment, 2013-2018, 2019-2023
Figure 19: Steam Turbines, Asia-Pacific, Market Value ($m) by Capacity Segment, 2013-2023
Figure 20: Energy Mix, India, Cumulative Installed Capacity (%), by Fuel Sources, 2018 and 2023
Figure 21: Steam Turbines, India, Market Volume (MW), by Capacity Segment, 2013-2018, 2019-2023
Figure 22: Steam Turbines, India, Market Value ($m) by Capacity Segment, 2013-2023
Figure 23: Steam Turbines, India, Average Price ($/kW) by Capacity Segment, 2013-2023
Figure 24: Steam Turbines, India, Market Share (%), 2018
Figure 25: Energy Mix, China, Cumulative Installed Capacity (%), by Fuel Sources, 2018 and 2023
Figure 26: Steam Turbines, China, Market Volume (MW), by Capacity Segment, 2013-2018, 2019-2023
Figure 27: Steam Turbines, China, Market Value ($m) by Capacity Segment, 2013-2023
Figure 28: Steam Turbines, China, Average Price ($/kW) by Capacity Segment, 2013-2023
Figure 29: Steam Turbines, China, Market Share (%), 2018
Figure 30: Energy Mix, Republic of Korea, Cumulative Installed Capacity (%), by Fuel Sources, 2018 and 2023
Figure 31: Steam Turbines, Republic of Korea, Market Volume (MW), by Capacity Segment, 2013-2018, 2019-2023
Figure 32: Steam Turbines, Republic of Korea, Market Value ($m) by Capacity Segment, 2013-2023
Figure 33: Steam Turbines, Republic of Korea, Average Price ($/kW) by Capacity Segment, 2013-2023
Figure 34: Steam Turbines, Republic of Korea, Market Share (%), 2018
Figure 35: Energy Mix, Vietnam, Cumulative Installed Capacity (%), by Fuel Sources, 2018 and 2023
Figure 36: Steam Turbines, Vietnam, Market Volume (MW), by Capacity Segment, 2013-2018, 2019-2023
Figure 37: Steam Turbines, Vietnam, Market Value ($m) by Capacity Segment, 2013-2023
Figure 38: Steam Turbines, Vietnam, Average Price ($/kW) by Capacity Segment, 2013-2023
Figure 39: Steam Turbines, Vietnam, Market Share (%), 2018
Figure 40: Energy Mix, Indonesia, Cumulative Installed Capacity (%), by Fuel Sources, 2018 and 2023
Figure 41: Steam Turbines, Indonesia, Market Volume (MW), by Capacity Segment, 2013-2018, 2019-2023
Figure 42: Steam Turbines, Indonesia, Market Value ($m) by Capacity Segment, 2013-2023
Figure 43: Steam Turbines, Indonesia, Average Price ($/kW) by Capacity Segment, 2013-2023
Figure 44: Steam Turbines, Indonesia, Market Share (%), 2018
Figure 45: Steam Turbines, EMEA, Market Volume (MW), by Capacity Segment, 2013-2018, 2019-2023
Figure 46: Steam Turbines, EMEA, Market Value ($m) by Capacity Segment, 2013-2023
Figure 47: Steam Turbines, Saudi Arabia, Market Volume (MW), by Capacity Segment, 2013-2018, 2019-2023
Figure 48: Steam Turbines, Saudi Arabia, Market Value ($m) by Capacity Segment, 2013-2023
Figure 49: Steam Turbines, Saudi Arabia, Average Price ($/kW) by Capacity Segment, 2013-2023
Figure 50: Steam Turbines, Saudi Arabia, Market Share (%), 2018
Figure 51: Energy Mix, UK, Cumulative Installed Capacity (%), by Fuel Sources, 2018 and 2023
Figure 52: Steam Turbines, UK, Market Volume (MW), by Capacity Segment, 2013-2018, 2019-2023
Figure 53: Steam Turbines, UK, Market Value ($m) by Capacity Segment, 2013-2023
Figure 54: Steam Turbines, UK, Average Price ($/kW) by Capacity Segment, 2013-2023
Figure 55: Energy Mix, Turkey, Cumulative Installed Capacity (%), by Fuel Sources, 2018 and 2023
Figure 56: Steam Turbines, Turkey, Market Volume (MW), by Capacity Segment, 2013-2018, 2019-2023
Figure 57: Steam Turbines, Turkey, Market Value ($m) by Capacity Segment, 2013-2023
Figure 58: Steam Turbines, Turkey, Average Price ($/kW) by Capacity Segment, 2013-2023
Figure 59: Steam Turbines, Egypt, Market Volume (MW), by Capacity Segment, 2013-2018, 2019-2023
Figure 60: Steam Turbines, Egypt, Market Value ($m) by Capacity Segment, 2013-2023
Figure 61: Steam Turbines, Egypt, Average Price ($/kW) by Capacity Segment, 2013-2023
Figure 62: Steam Turbines, Egypt, Market Share (%), 2018

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Dongfang Electric Corporation Limited
  • Harbin Electric Company Limited
  • Bharat Heavy Electricals Limited
  • Mitsubishi Hitachi Power Systems Ltd
  • GE Power
  • Siemens AG
  • Toshiba Corporation

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