Steam Turbine Market – Global Opportunities & Forecast, 2020-2027

1. Report Title Steam Turbine Market – Global Opportunities & Forecast, 2020- 2027 GMI Research GMI Research See the Future Insights 1

2. The report prepared by the GMI Research includes an in-depth analysis of the global market and a thorough research undertaken by the analysts. An extensive study of this market alongside the fundamental aspects that may influence the commercialization graph of this industry has been given in the study. The market study covers various aspects such as geographical growth opportunities, market size, and important vendors in the market, driving factors, segmental evaluation, constraints, and competitive landscape. Top Companies of the Steam Turbine Market: •Toshiba Corporation •Dongfang Electric Corporation •Bharat Heavy Electricals Limited •General Electric Company •Mitsubishi Heavy Industries, Ltd. •Siemens AG •Harbin Electric International Company Limited •Doosan Heavy Industries & Construction •Alstom SA •Sulzer Ltd. Drivers of the Steam Turbine Market: Rapid industrialization, the rising demand for electricity, and the development of more efficient turbines & technology are key drivers boosting the growth of the steam turbines market. Growing utilization of steam turbines in industries to run engines in large ships to run generators at power plants, followed by the use of smaller capacity steam turbines to drive pumps and fans at petrochemical plants, are drivers accelerating the market growth. Moreover, less space requirement, larger capacity, and a greater range of speed are remarkable features of steam turbines that attract consumers towards the market. Frequent power cuts, load shedding, and blackouts have led to an upsurge in the investments toward the development of large-scale 2

3. thermal power projects, which in turn, are increasing the demand for steam turbines. Regulatory policy restrictions on fossil-fuel fired power plants and a longer start-up time of steam turbines compared to gas turbines, and reciprocating engines will hinder the growth of the market. Segmentation of the Steam Turbine Market: By Type: •Steam Cycle •Combined Cycle •Cogeneration By Rated Capacity: •1-120 MW •121-350 MW •351-750 MW •Above 750 MW By Exhaust Type: •Condensing •Non-Condensing By Application: •Coal •Biomass •Nuclear •Others By Region: •North America oUnited States of America oCanada •Asia Pacific 3

4. oChina oJapan oIndia oRest of APAC •Europe oUnited Kingdom oGermany oFrance oSpain oRest of Europe •RoW oBrazil oSouth Africa oSaudi Arabia oUAE oRest of the world (remaining countries of the LAMEA region) About GMI Research GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us a pioneer in the emerging market research space. Our syndicate reports cover multiple industries across various regions and countries. Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve. 4