| |
Newsroom /
Environment
/
Environment
/
Turbine Gear Boxes Market for Thermal Power Plants
Turbine Gear Boxes Market for Thermal Power Plants
Increasing Global Turbine Gearbox Market Revenue
Hyderabad,
AP,
India
(prbd.net)
27/01/2011
The turbine gearbox market is driven by the installation of turbines and generators in thermal power plants. Gearboxes are used to reduce the high speed of turbines to a lower speed required for them to be connected to generators and transmit power to the grid. The gearbox was valued at $161.8m in 2000 following the high number of installations in North America and Asia, then declined to $65.1m in 2004, before increasing $105m in 2010. The recent growth trend is expected to continue in the future, due to the global increase in power demand, increased modernization of older power plants and the availability of thermal fuel around the world. However, with more efficient systems like direct drive turbine gearboxes being introduced to the market, there are a number of challenges to face, like rising costs and reducing power losses.
For Sample Pages, please click or add the below link to your browser:
http://www.globaldata.com/reportstore/RequestSamplePages.aspx?ID=Turbine-Gear-Boxes-Market-for-Thermal-Power-Plants-Global-Market-Size-Competitive-Landscape-Trends-and-Analysis-to-2020&Title=Power_Generation&ReportType=Industry_Report
China is the most dynamic market in the world, contributing significantly to the Asia Pacific’s high growth rate. During the 1990’s, many radical changes took place in China, and during the late 1990’s and the early 2000’s, there was significant reform and investment made in the Chinese power sector. Currently, China is the fastest growing economy for thermal power plant investment, as well as turbine and generator installations. Hence, it is the fastest growing market for turbine gearboxes for thermal power plants as well. After the economy opened up, there was huge investment and a huge increase in turbine gearbox market volume sales.
However, the country is nearing its required installation capacity, which will lead to reduced growth in the future. China is the most populous country in the world and has high GDP growth. China is expected to have the highest sales of turbine gearboxes by volume over the forecast period (2010-2020).
A. Friedr. Flender AG is the world’s leading supplier of gear systems. Recently, Siemens AG acquired the company and has continued selling gear units under the Flender’s name. Siemens AG has considerable experience in power generating equipment, which combined with Flender’s expertise in gear systems, has helped establish Siemens AG/Flender AG as a major global player in the power generating gear systems market. The company enjoyed a 24% market revenue share in 2009. They have a good global presence, and are well represented in the Asia- Pacific market, which has a high number of local players accounting for the majority of the market. They are the only global player with a significant market share in China, India and Japan.
GlobalData’s “Turbine Gear Boxes Market for Thermal Power Plants - Global Market Size, Competitive Landscape, Trends and Analysis to 2020” gives detailed information on the Global turbine gearbox market in thermal power plant and provides historical and forecast numbers for volumes, revenues and average price up to 2020. The research analyzes trends in this market and also detailed analysis for the leading countries in for the turbine gearboxes in thermal power plants. This coupled with competitive benchmarking of the top market participants provides a comprehensive understanding of the market’s competitive scenario.
For further details, please click or add the below link to your browser:
http://www.globaldata.com/reportstore/Report.aspx?ID=Turbine-Gear-Boxes-Market-for-Thermal-Power-Plants-Global-Market-Size-Competitive-Landscape-Trends-and-Analysis-to-2020&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Power_Generation
Visit our report store: http://www.globaldata.com
For more details contact:
pressreleases@globaldata.com
North America: +1 646 395 5477
Europe: +44 207 753 4299
+44 1204 543 533
Asia Pacific: +91 40 6616 6782
About
GlobalData is a global market intelligence services company providing information research and analysis products and services.
|