Description

The western European steam and gas turbines market witnessed an all-time low during 2009-2010; however, it is expected to recover in the medium-to-long term despite the uncertainties pertaining to carbon trading, legislations in the electricity sector and imminent rises in commodity prices. Orders placed with manufacturers during the buoyant market conditions of 2007-2008 had sustained them during the difficult times; however, these legacy orders have now been fulfilled. New orders are still low in number, but they are expected to increase from 2012.