The global combined cycle steam turbine market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 4.2 billion by 2030. The growth of this market is driven by the increasing demand for power generation and mechanical drive applications in emerging economies such as India and China, which are witnessing rapid economic growth. The global combined cycle steam turbine market has been segmented on the basis of type (6Hz, 5Hz), application (power generation, mechanical drive, energy recovery, pumps) and region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa). The power generation segment accounted for the largest share in 2017 owing to its high demand from emerging economies such as India and China.
Some Of The Growth Factors Of This Market:
- The growth of the Combined Cycle Steam Turbine market is driven by the increasing demand for electricity in developing countries.
- The growth of the Combined Cycle Steam Turbine market is also driven by the increasing demand for power generation from renewable sources such as solar and wind energy, which are more expensive than fossil fuels but have a lower carbon footprint.
- The growth of the Combined Cycle Steam Turbine market is also driven by increased investment in nuclear power plants, which are more expensive to build but have a lower carbon footprint than fossil fuel-based power plants and can produce large amounts of electricity with little or no emissions.
- The growth of the Combined Cycle Steam Turbine market is also driven by increased investment in coal-fired power plants, which are cheaper to build but emit higher levels of CO2 per unit generated than other types of power plant and require subsidies to be competitive with other types of plant on price alone; however, they still emit less CO2 per unit generated than natural gas-fired plants and can provide baseload capacity when needed at short notice without any need for back up capacity from other sources such as hydroelectricity or nuclear energy that may not be available at short notice due to weather conditions or technical problems respectively.
- The growth rate will depend on how quickly governments around the world adopt policies that encourage renewable energy use over fossil fuels.
Industry Growth Insights published a new data on “Combined Cycle Steam Turbine Market”. The research report is titled “Combined Cycle Steam Turbine Market research by Types (60-Hz, 50-Hz), By Applications (Power Generation, Mechanical Drive, Energy Recovery, Pumps, Others), By Players/Companies Nanjing Turbine & Elecric Machinery, Soar Power Group, GE, Siemens, OEM”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Combined Cycle Steam Turbine Market Research Report
By Type
60-Hz, 50-Hz
By Application
Power Generation, Mechanical Drive, Energy Recovery, Pumps, Others
By Companies
Nanjing Turbine & Elecric Machinery, Soar Power Group, GE, Siemens, OEM
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Combined Cycle Steam Turbine Market Report Segments:
The global Combined Cycle Steam Turbine market is segmented on the basis of:
Types
60-Hz, 50-Hz
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Generation, Mechanical Drive, Energy Recovery, Pumps, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nanjing Turbine & Elecric Machinery
- Soar Power Group
- GE
- Siemens
- OEM
Highlights of The Combined Cycle Steam Turbine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 60-Hz
- 50-Hz
- By Application:
- Power Generation
- Mechanical Drive
- Energy Recovery
- Pumps
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Combined Cycle Steam Turbine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A combined cycle steam turbine is a type of steam turbine that uses both thermal and mechanical energy to turn a shaft. The thermal energy comes from the combustion of fuel in the engine, while the mechanical energy comes from the rotating motion of the blades.
Some of the key players operating in the combined cycle steam turbine market are Nanjing Turbine & Elecric Machinery, Soar Power Group, GE, Siemens, OEM.
The combined cycle steam turbine market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Combined Cycle Steam Turbine Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Combined Cycle Steam Turbine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Combined Cycle Steam Turbine Market - Supply Chain
4.5. Global Combined Cycle Steam Turbine Market Forecast
4.5.1. Combined Cycle Steam Turbine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Combined Cycle Steam Turbine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Combined Cycle Steam Turbine Market Absolute $ Opportunity
5. Global Combined Cycle Steam Turbine Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Combined Cycle Steam Turbine Market Size and Volume Forecast by Type
5.3.1. 60-Hz
5.3.2. 50-Hz
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Combined Cycle Steam Turbine Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Combined Cycle Steam Turbine Market Size and Volume Forecast by Application
6.3.1. Power Generation
6.3.2. Mechanical Drive
6.3.3. Energy Recovery
6.3.4. Pumps
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Combined Cycle Steam Turbine Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Combined Cycle Steam Turbine Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Combined Cycle Steam Turbine Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Combined Cycle Steam Turbine Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Combined Cycle Steam Turbine Demand Share Forecast, 2019-2026
9. North America Combined Cycle Steam Turbine Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Combined Cycle Steam Turbine Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Combined Cycle Steam Turbine Market Size and Volume Forecast by Application
9.4.1. Power Generation
9.4.2. Mechanical Drive
9.4.3. Energy Recovery
9.4.4. Pumps
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Combined Cycle Steam Turbine Market Size and Volume Forecast by Type
9.7.1. 60-Hz
9.7.2. 50-Hz
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Combined Cycle Steam Turbine Demand Share Forecast, 2019-2026
10. Latin America Combined Cycle Steam Turbine Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Combined Cycle Steam Turbine Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Combined Cycle Steam Turbine Market Size and Volume Forecast by Application
10.4.1. Power Generation
10.4.2. Mechanical Drive
10.4.3. Energy Recovery
10.4.4. Pumps
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Combined Cycle Steam Turbine Market Size and Volume Forecast by Type
10.7.1. 60-Hz
10.7.2. 50-Hz
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Combined Cycle Steam Turbine Demand Share Forecast, 2019-2026
11. Europe Combined Cycle Steam Turbine Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Combined Cycle Steam Turbine Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Combined Cycle Steam Turbine Market Size and Volume Forecast by Application
11.4.1. Power Generation
11.4.2. Mechanical Drive
11.4.3. Energy Recovery
11.4.4. Pumps
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Combined Cycle Steam Turbine Market Size and Volume Forecast by Type
11.7.1. 60-Hz
11.7.2. 50-H
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Combined Cycle Steam Turbine Demand Share, 2019-2026
12. Asia Pacific Combined Cycle Steam Turbine Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Combined Cycle Steam Turbine Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Combined Cycle Steam Turbine Market Size and Volume Forecast by Application
12.4.1. Power Generation
12.4.2. Mechanical Drive
12.4.3. Energy Recovery
12.4.4. Pumps
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Combined Cycle Steam Turbine Market Size and Volume Forecast by Type
12.7.1. 60-Hz
12.7.2. 50-Hz
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Combined Cycle Steam Turbine Demand Share, 2019-2026
13. Middle East & Africa Combined Cycle Steam Turbine Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Combined Cycle Steam Turbine Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Combined Cycle Steam Turbine Market Size and Volume Forecast by Application
13.4.1. Power Generation
13.4.2. Mechanical Drive
13.4.3. Energy Recovery
13.4.4. Pumps
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Combined Cycle Steam Turbine Market Size and Volume Forecast by Type
13.7.1. 60-Hz
13.7.2. 50-Hz
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Combined Cycle Steam Turbine Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Combined Cycle Steam Turbine Market: Market Share Analysis
14.2. Combined Cycle Steam Turbine Distributors and Customers
14.3. Combined Cycle Steam Turbine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Nanjing Turbine & Elecric Machinery
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Soar Power Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. OEM
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook