Steam Turbine Market to Reach USD 15.48 Billion by 2025: Grand View Research Inc.
Steam turbines have been a key part of the global power generation systems from past. However, factors such as limited primary energy sources, increasing awareness regarding environmental pollution, etc. has resulted in rising need towards developing efficient steam turbines.
(firmenpresse) - The Report Steam Turbine Market Analysis By Capacity (750MW), By Application (Power & Utility, Industrial), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa) And Segment Forecasts, 2018 - 2025
The global steam turbine market is expected to reach USD 15.48 billion by 2025, according to a new report by Grand View Research, Inc. Steam turbines have been a key part of the global power generation systems from past. However, factors such as limited primary energy sources, increasing awareness regarding environmental pollution, etc. has resulted in rising need towards developing efficient steam turbines.
Steam turbines are now popularly used for combined heat & power (CHP) systems, mainly employed in industrial applications. CHP units offer greater efficiency & flexible output and also operate on cleaner fuels such as natural gas. Legislative support towards CHP installation is expected to foster small and medium capacity steam turbines demand over the forecast period.
The performance of the steam turbine greatly influences the overall efficiency, and for the same, market participants focus on improving the turbine efficiency. Companies such as GE have implemented a number of programs focusing on material development. Re-heat technology is another aspect which GE has revealed to have achieved a break through. The company is also working on double re-heat technology which is expected to significantly boost the system efficiency.
Access Research Report of Steam Turbine Market(at) http://www.grandviewresearch.com/industry-analysis/steam-turbine-market
Further key findings from the report suggest:
The global steam turbine market capacity was 103.16 GW in 2015 and is expected to reach 121.27 GW, growing at a CAGR of 1.6% from 2016 to 2025
Steam turbines with
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Datum: 28.08.2019 - 07:17 Uhr
Sprache: Deutsch
News-ID 597820
Anzahl Zeichen: 2208
contact information:
Contact person: Sonali Kulkarni
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San Francisco
Phone: 14153490058
Kategorie:
Alternative Energy
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