London, 18 December 2014: TechNavio, the independent tech-focused global research firm, has published a 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,” says Faisal Ghaus, Vice President of TechNavio.
“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, 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%…
