Analysis of Steam Turbine Market applications and companies active in the industry

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Steam Turbine Market Price, Trends, Industry
Outlook Forecast 2017-2024
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Global Market Scenario of Steam Turbine Industry

• Global Steam Turbine Market size is set to grow
  substantially during the forecast time frame due
  to rising investment towards the development of
  high capacity generating stations. Government
  initiatives towards development of combined-cycle
  technology and capacity addition will further
  foster the industry. In 2016, the U.S. witnessed
  a capacity addition of more than 27,000 MW.
• Nuclear energy integration will depict a
  considerable growth for the global steam turbine
  market. Nuclear power plant installation and
  upgradation pertaining to plant life extension,
  positively thrust the industry share. In 2017,
  World Nuclear Association presented active
  construction of 60 power reactors in 13 countries
  including Russia, South Korea, UAE, China and
  Taiwan.
• Growth in deep-water marine excavation and
  rampant industrial growth will yield appreciable
  growth towards the global steam turbine market.
  Competitive technological will further steer the
  industry size.

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• Based on design, the global steam turbine market
  can be segmented into impulse and reaction.
  Impulse steam technology is anticipated to grow
  significantly owing to its multiple applications
  in power generation and marine propulsion.
  Increasing electricity demand will further
  enhance the technology scope. In 2013, Siemens
  Energy, Germany developed its SST-500 GEO for
  geo-thermal plants.
• Reasons to Buy This Report
• 1. Steam Turbine Market size share
  forecast by product application, 2017-2024
• 2. Growth drivers, pitfalls industry
  challenges
• 3. Steam Turbine Market growth
  opportunities emerging business models
• 4. Competitive benchmarking with market
  share analysis and company profiles
• On the basis of applications, the global steam
  turbine market is segmented as power generation,
  petrochemical, pharmaceuticals, food processing
  and waste to energy. Power generation is
  anticipated to grow substantially owing to
  increasing demand for electrification and
  government initiatives in compliance to effective
  technology adaption.
• The U.S. Steam turbine market offers appreciable
  growth pertaining to growing combined cycle
  technology. Effective resource utilization will
  further drive the industry from 2016 to 2024. In
  2017, the U.S. based General Electric has been
  contracted to supply steam engines for a 488 MW
  combined cycle power plant in Pennsylvania.

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Research Methodology
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