Market Overview:
The global output above 300 MW condensing steam turbine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into recombustion and non-recombustion turbines. Non-recombustion turbines are further sub-segmented into single pressure and double pressure turbines. On the basis of application, the market is segmented into industrial, power generation and others (marine propulsion, desalination plants etc.). The industrial sector dominated the global output above 300 MW condensing steam turbine market in 2017 with a share of more than 60%. Asia Pacific was observed as one of fastest growing regions for this market in 2017 with a CAGR growth rate over 6%.
Product Definition:
Output Above 300 MW Condensing Steam Turbine is a machine that converts the potential energy of steam into mechanical energy. This type of turbine is important because it can produce a large amount of power, making it ideal for use in industries that require a lot of energy.
Recombustion:
Recombustion is the process of converting exhaust heat energy from a combustion engine or fossil fuel into useful form for electricity generation. The main aim of this technology is to generate thermal energy which can be used for power generation purposes. Recombustion systems are classified as thermochemical processes that use the reagent gas and catalyst to convert chemical species back into their original forms, i.e.
Non-recombustion:
Non-recombustion is the process where a part of the fuel is not fully combusted, and remains in the combustion chamber. This phenomenon occurs when there is an insufficient supply of air or oxygen to complete combustion.
The main reason for this phenomenon being prevalent in turbines that have high flow rates and are used at low temperatures.
Application Insights:
The demand for HVAC application is expected to witness a CAGR of XX% from 2018 to 2030 owing to the increasing use in commercial and industrial applications. The product has been witnessing an increased adoption in residential applications as well, due largely to its low cost and easy installation nature. In addition, the global power generation industry is anticipated to witness significant growth over the forecast period owing to rapid industrialization countries such as India and China are experiencing at present time. This factor will have a positive impact on GITCO products demand over the next eight years or so.
Regional Analysis:
Asia Pacific accounted for the largest market share in 2017 and is expected to witness significant growth over the forecast period. The region has witnessed a growing demand for power generation facilities, especially in China and India owing to rapid industrialization and urbanization. Growing population, rising living standards, increasing energy requirements are driving industry expansion leading to an increased requirement of electricity. This is anticipated to drive the regional market over the forecast period.
Europe was estimated at USD X million in 2017 owing to high product penetration due mainly to higher efficiency of these turbines compared with other conventional steam turbines used for generating condensing steam throughout their life cycle which results into lower environmental impact along with reduction in fuel consumption when compared with other conventional methods of producing condensing steam utilized across industries including power generation as well as others such as chemical processing units.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government initiatives and policies to promote renewable energy sources
- Technological advancements in steam turbine design and efficiency
- Rising prices of traditional fuels such as coal, which is prompting power plants to switch to cheaper alternatives like natural gas
- Growing concerns over climate change and the need for cleaner energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Output Above 300 MW Condensing Steam Turbine Market Research Report
By Type
Recombustion, Non-recombustion
By Application
Industrial, Power Generation, Others
By Companies
GE, Siemens, Mitsubishi Hitachi, Doosan Skoda Power, Elliott, MAN, Fuji Electric, Kawasaki, HTC, Toshiba, GE, Power Machines
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
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Output Above 300 MW Condensing Steam Turbine Market Report Segments:
The global Output Above 300 MW Condensing Steam Turbine market is segmented on the basis of:
Types
Recombustion, Non-recombustion
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
Industrial, Power Generation, 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:
- GE
- Siemens
- Mitsubishi Hitachi
- Doosan Skoda Power
- Elliott
- MAN
- Fuji Electric
- Kawasaki
- HTC
- Toshiba
- GE
- Power Machines
Highlights of The Output Above 300 MW Condensing 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:
- Recombustion
- Non-recombustion
- By Application:
- Industrial
- Power Generation
- 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 Output Above 300 MW Condensing 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
An output above 300 MW condensing steam turbine is a high-efficiency steam turbine that uses less water to produce the same amount of power as a lower efficiency steam turbine.
Some of the major companies in the output above 300 mw condensing steam turbine market are GE, Siemens, Mitsubishi Hitachi, Doosan Skoda Power, Elliott, MAN, Fuji Electric, Kawasaki, HTC, Toshiba, GE, Power Machines.
The output above 300 mw condensing steam turbine market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Output Above 300 MW Condensing Steam Turbine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Output Above 300 MW Condensing Steam Turbine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Output Above 300 MW Condensing Steam Turbine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Output Above 300 MW Condensing Steam Turbine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Output Above 300 MW Condensing Steam Turbine Market Size & Forecast, 2018-2028
4.5.1 Output Above 300 MW Condensing Steam Turbine Market Size and Y-o-Y Growth
4.5.2 Output Above 300 MW Condensing Steam Turbine Market Absolute $ Opportunity
Chapter 5 Global Output Above 300 MW Condensing Steam Turbine Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Output Above 300 MW Condensing Steam Turbine Market Size Forecast by Type
5.2.1 Recombustion
5.2.2 Non-recombustion
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Output Above 300 MW Condensing Steam Turbine Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Output Above 300 MW Condensing Steam Turbine Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Power Generation
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Output Above 300 MW Condensing Steam Turbine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Output Above 300 MW Condensing Steam Turbine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Output Above 300 MW Condensing Steam Turbine Analysis and Forecast
9.1 Introduction
9.2 North America Output Above 300 MW Condensing Steam Turbine Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Output Above 300 MW Condensing Steam Turbine Market Size Forecast by Type
9.6.1 Recombustion
9.6.2 Non-recombustion
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Output Above 300 MW Condensing Steam Turbine Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Power Generation
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Output Above 300 MW Condensing Steam Turbine Analysis and Forecast
10.1 Introduction
10.2 Europe Output Above 300 MW Condensing Steam Turbine Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Output Above 300 MW Condensing Steam Turbine Market Size Forecast by Type
10.6.1 Recombustion
10.6.2 Non-recombustion
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Output Above 300 MW Condensing Steam Turbine Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Power Generation
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Output Above 300 MW Condensing Steam Turbine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Output Above 300 MW Condensing Steam Turbine Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Output Above 300 MW Condensing Steam Turbine Market Size Forecast by Type
11.6.1 Recombustion
11.6.2 Non-recombustion
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Output Above 300 MW Condensing Steam Turbine Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Power Generation
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Output Above 300 MW Condensing Steam Turbine Analysis and Forecast
12.1 Introduction
12.2 Latin America Output Above 300 MW Condensing Steam Turbine Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Output Above 300 MW Condensing Steam Turbine Market Size Forecast by Type
12.6.1 Recombustion
12.6.2 Non-recombustion
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Output Above 300 MW Condensing Steam Turbine Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Power Generation
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Output Above 300 MW Condensing Steam Turbine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Output Above 300 MW Condensing Steam Turbine Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Output Above 300 MW Condensing Steam Turbine Market Size Forecast by Type
13.6.1 Recombustion
13.6.2 Non-recombustion
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Output Above 300 MW Condensing Steam Turbine Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Power Generation
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Output Above 300 MW Condensing Steam Turbine Market: Competitive Dashboard
14.2 Global Output Above 300 MW Condensing Steam Turbine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE
14.3.2 Siemens
14.3.3 Mitsubishi Hitachi
14.3.4 Doosan Skoda Power
14.3.5 Elliott
14.3.6 MAN
14.3.7 Fuji Electric
14.3.8 Kawasaki
14.3.9 HTC
14.3.10 Toshiba
14.3.11 GE
14.3.12 Power Machines
