- The key vendors in the turbine market in India 2015-2019 are BHEL Ltd., Dongfang Electric (DEC) India Pvt. Ltd., General Electric (GE), Shanghai Electric Co. Ltd. And Siemens AG
London, 09 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the turbine market in India 2015-2019. Financial support from the government is one of the major trends being observed in the market. The Government of India provides various financial and tax incentives for the power producers in the country. The government has also provided state-based, area-based, and R&D incentives. The turbine market in India is likely to grow at a CAGR of 3.3%, in terms of revenue in the forecast period of 2014-2019.
“The emphasis on reducing CO2 emissions encouraged NTPC to take an initiative to implement supercritical technology for power plants in India,” says Faisal Ghaus, Vice President of Technavio Research.
“As coal is expected to remain the mainstay fuel in India in the coming years, the adoption of advanced supercritical technology will increase power efficiency and decrease CO2 emissions.”
To define the market conditions in the next 3-4 years, Technavio 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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
