DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/z6zn4n/turbine_market_in) has announced the addition of the "Turbine Market in India 2015-2019" report to their offering.
The analysts forecast the Turbine market in India to grow at a CAGR of 3.3% over the period 2014-2019.
The report, Turbine Market in India 2015-2019, has been prepared based on in-depth market analysis with inputs from industry experts. The report covers the landscape of the turbine market and its growth prospects in the coming years. The report includes a discussion of the key vendors.
The Government of India provides various financial and tax incentives for the power producers in the country. Industrialization has triggered the demand for power. Therefore, the government has proposed to establish UMPPs functioning on supercritical technology to meet this rising power demand.
The government allocated $16 million for preparatory work for these UMPPs. Under Deen Dayal Upadhaya Gram Jyoti Yojana, the government allocated $ 78.68 million for launching feeder separation to augment the power supply to rural areas. Apart from this, the government has also provided state-based, area-based, and R&D incentives. Therefore, the government has provided various forms of financial support to strengthen the power sector in India. These favorable incentives will boost the installation of turbines for power plants in the country.
According to the report, India has abundant coal reserves that play a crucial role in ensuring power demand. Coal-fired power generation using steam turbines is the major contributor for overall power generation in the country. Traditional thermal power plants consisted of sub-critical boilers that rotated steam turbines to generate power. The power efficiencies have increased with the adoption of supercritical technology. It also led to the decrease in CO2 emissions considerably.
The emphasis on reducing CO2 emissions encouraged NTPC to take an initiative to implement supercritical technology for power plants in India. NTPC has commissioned three supercritical units in the country and it is expected to increase further. 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.
Further, the report states that the non-availability of gas for thermal power plants has become the major challenge in India.
Key Vendors
- GE
- BHEL
- Siemens
- Shanghai Electric
- Dongfang Electric
Other Prominent Vendors
- Alstom
- Toshiba JSW Power
For more information visit http://www.researchandmarkets.com/research/z6zn4n/turbine_market_in
