Steam Turbine Market – Global Opportunities & Forecast, 2020-2027 - Gurgaon
Monday, 9 November 2020
Item details
City:
Gurgaon, Haryana
Offer type:
Offer
Item description
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 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.
Visit: httpswww.gmiresearch.com/report/steam-turbine-market/
Visit: httpswww.gmiresearch.com/report/steam-turbine-market/
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