Global Steam Turbogenerator Market Overview:
The steam turbine generator is the primary power conversion component of the power plant. The function of the steam turbine generator is to convert the thermal energy of the steam from the steam generator to electrical energy. Two separate components are provided: the steam turbine to convert the thermal energy to rotating mechanical energy, and the generator to convert the mechanical energy to electrical energy.
- Increasing Electricity Consumption
- Rising Thermal Power Capacity Additions
- Demand for Coal-fired Power Plants in Developing Countries
- Heavy Investment Plans in MEA Region
- Regulatory Policy Restrictions on Fossil-Fuel Fired Power Plants
- High Capital Requirements
- Replacement/Upgrades of Aged Power Generation Infrastructure
- Increase in Environmental Concerns
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Caterpillar Inc. (United States) , Cummins (United States) , Mitsubishi Heavy Industries, Ltd. (Japan), APR Energy (United States) , Kohler Co. (United States) , Elliott Group (United States) , Kirloskar (India), Beijing Beizhong Steam Turbine Generator (China) and Harbin Electric (China). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Steam Turbogenerator market by 2025.
Latest Market Insights:
In July 2019, Toshiba Energy Systems & Solutions Corporation announced that its Australian subsidiary, Toshiba International Corporation Pty. Ltd. has won a major contract to retrofit steam turbines, generators, and associated equipment as part of the modernization project of EnergyAustralia’s Mt Piper Power Station in Portland, Australia a subsidiary of Hong Kong-based China Light and Power. The overall retrofit work is scheduled to be completed by the end of 2021.
In July 2020, Doosan Heavy Industries & Construction announced on July 2nd that it had won a contract to supply key components for the Fujairah F3 Combined Cycle Power Plant in the United Arab Emirates (UAE). and Doosan will be supplying one 270MW steam turbine and a 540MW generator for the project.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Steam Turbogenerator market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Steam Turbogenerator market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Steam Turbogenerator Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.