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Global Gas and Steam Turbine Markets

Conventional Thermal Power Expansion Driven by Emerging Markets and Rising Natural Gas Availability

  • Research Code : M96C-01-00-00-00
  • SKU : EG00109-GL-MR_00604
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  • Release Date : 13-Jun-2014
  • Region : Global
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This study provides in-depth analyses of the global gas and steam turbine markets. Global revenue and order forecasts, drivers and restraints, competitive analyses, company market shares, and pricing and technology trends are evaluated. It also provides segment forecasts by power range, region, and application. The gas turbine market is driven by replacing aging coal plants with modern gas-fired power stations, the growing availability and use of natural and shale gas, expansion of the oil and gas industry, and rising need for more flexible generating assets. Steam turbine growth is driven by large coal-fired capacity additions, growth in CCGT plants requiring steam turbines, expansion of nuclear power, and upgrades to outdated coal plants.

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