DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/rh4kkl/global_turbo) has announced the addition of the "Global Turbo Generator Market 2015-2019" report to their offering.
The analysts forecast the Global Turbo Generator market to grow at a CAGR of 1.8% over the period 2014-2019
A turbo generator is a mechanical device that is used to produce electrical power. A turbine is connected to the turbo generator and produces electricity by converting mechanical energy into electrical energy. The steam-powered turbo generators supply most of the world's electrical power. Turbo generators are also used in other renewable power plants such as geothermal plants. Furthermore, these are also used in turbo electric drives in some rail locomotives (gas turbine) and ships (steam and recently gas).
One of the key trends emerging in this market are heavy investment plans in the Middle East and Africa region. Lack of renewable energy sources and the presence of substantial gas and oil reserves in the region are expected to help in the growth of thermal and nuclear power plants. Consequently, this will increase the demand for turbo generators in the future.
According to the report, growing demand for coal-based power plants in developing countries is one of the key drivers of this market. Developing countries and other regions that have low electrification need new power plant installations or power plant expansions. Consequently, the demand for turbo generators has increased in these regions.
Further, the report states that environmental concerns related to harmful emissions have increased significantly; which, in turn, has led to stringent government policies to restrict emissions to a particular level.
The Global Turbo Generator market can be segmented into four divisions:
- Dongfang Electric
- Harbin Electric
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Capacity
- Market Segmentation by End-users
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/rh4kkl/global_turbo