Reportstack has announced a new market research report on the Turbine Market in China 2015-2019, which is expected to grow at a CAGR of 3.2 percent during the forecast period of 2014-2019.
“By investing in clean coal technology, the country is not only reducing CO2 emissions but also increasing the efficiency of the power plants,”.
“Also, natural gas-fired plants are used for providing back-up power because of the intermittent nature of renewable power generation sources, especially wind and solar.”
Key Market Drivers
Large Coal Reserves
Emphasis on Gas-fired Power Generation
Increased Focus on SC and USC Power Plants
Growing Energy Need in China
Key Market Trends
Volatility in Gas Prices
Advances in Technology
Development of Product Differentiation
Key Market Vendors
Dongfang Electric Corporation Ltd. (DEC)
Hangzhou Steam Turbine Co. Ltd.
Harbin Turbine Co. Ltd.
Nanjing Turbine & Electric Machinery (Group) Co. Ltd.
Shandong Qingneng Power Co. Ltd. (QNP)
Shanghai Electric Group Co. Ltd.
To define the market circumstances in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
To access full report with TOC, please visit Turbine Market in China 2015-2019.