TechNavio recognizes the following companies as the key players in the Global Steam Condenser Market for Thermal Power Plant: Foster Wheeler AG, Larsen and Toubro Ltd., and GE Co.
Commenting on the report, an analyst from TechNavio’s Engineering team said: “Development of CCT is one of the major trends in the Global Steam Condenser market for Thermal Power Plant. Energy generation from fossil fuels such as coal leads to carbon emissions which negatively impact the environment. When coal is used as a fuel source in a thermal power plant to generate steam, it emits several gases such as nitrogen dioxide, sulfur dioxide, carbon dioxide, and other chemical by-products. These emissions have a negative impact on the environment and contribute to acid rain and climate change. As a result, CCT is being developed to reduce the environmental pollutants generated in thermal power plants. CCT is a combination of technologies which is being developed to mitigate the environmental impact of coal-based energy generation. Several electric utility and non-utility generators are expected to adopt CCT in order to improve thermal power plant efficiency. Also, CCT helps electricity generators to reduce carbon emissions, which is expected to drive the demand for steam condensers during the forecast period. ”
According to the report, the increase in consumption of electricity is one of the major factors that is driving the growth of the Global Steam Condenser Market for Thermal Power Plants. Several developed and developing countries such as India, China, Japan, Brazil, and Taiwan are going through an industrialization phase. Hence, the governments of these countries are focusing more on strengthening their power capacity by setting up several thermal power plants in order to meet the demand for electricity. This is leading to increasing demand for steam condensers for thermal power plants across the globe.
Further, the report states that a major challenge in the Global Steam Condenser market for Thermal Power Plant is the increase in investment in renewable energy sources. The governments of several developed and developing countries have been implementing various initiatives in order to reduce GHG emissions.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are GEA Group AG, Graham Corp., JD Cousins Inc., and SPX Heat Transfer, LLC
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-steam-condenser-market-thermal-p…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-software
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Global Steam Condenser Market for Thermal Power Plant 2012-2016
