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China continues to lead global steam turbine market

- Combined-cycle and cogeneration operations increase value of steam turbine market to $36.70 billion up to 2023

home > Electricity, Coal, Invesments, Renewable, Asia, General 23.07.2019 13:38 Gülşen Çağatay

China continues to lead global steam turbine market

China will continue to lead the global steam turbine market between 2019 and 2023, despite a slowdown in capacity additions, according to Monday's report by GlobalData, the London-based leading data and analytics company.

According to the report Steam Turbines for Thermal Power, Update 2019 - Global Market Size, Average Price, Equipment Market Share and Key Country Analysis to 2023, the increasing demand for uninterrupted power in developing countries like China and India, and the rise in combined-cycle and cogeneration operations are set to drive the aggregate value of the global steam turbine market to $36.70 billion between 2019 and 2023.

The global steam turbine market registered a market value of $9.25 billion in 2018, primarily driven by growth in China.

The report estimates that despite a slowdown in capacity additions, China would continue to lead the global market between 2019 and 2023, followed by India, the U.S., Egypt and Vietnam.

The report noted that Asia-Pacific (APAC) was the largest market for steam turbines during the historical period (2014–2018) with an aggregate value of $47.26 billion.

"APAC will continue to lead the global market over the forecast period with an aggregate value of $26.79 billion," the report estimates.

Commenting on the data, Bhavana Sri Pullagura, a power analyst for GlobalData, said that coal power generation is expected to gradually lose its prominence as countries across the world aim to cut down dependence on coal and switch to renewable resources and natural gas for power generation to achieve climate targets and reduce carbon emissions.

However, he asserted that technological improvements and developments in thermal power such as carbon capture and storage, combined heat and power, and Combined Cycle Gas Turbine (CCGT), and the discovery of shale gas would drive the thermal power market over the forecast period.

He also said that governments’ plans to add coal-fired capacity and the use of advanced technologies such as ultra-supercritical, supercritical and other clean coal technologies for existing and upcoming coal power plants are the major factors that will determine the future of installations globally.

By Gulsen Cagatay

Anadolu Agency

energy@aa.com.tr


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16.02.2021 Electricity , Turkey

Spot market electricity prices for Monday, Feb. 15

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 171.4 million Turkish liras
15.02.2021 Electricity , Turkey

Turkey's daily power consumption down 5.6% on Feb. 13

- Electricity exports amount to 10,151 megawatt-hours, while imports total 4,693 megawatt-hours
15.02.2021 Electricity , Turkey

Spot market electricity prices for Sunday, Feb. 14

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 127.23 million Turkish liras
15.02.2021 Electricity , Turkey , General

Turkey's daily power consumption up 1.70% on Feb. 12

- Electricity exports amount to 7,834 megawatt-hours, while imports total 5,706 megawatt-hours
14.02.2021 Electricity , Turkey , General

Spot market electricity prices for Saturday, Feb. 13

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 149.6 million Turkish liras
12.02.2021 Electricity , Turkey , General

Turkey's daily power consumption up 0.29% on Feb. 11

- Electricity exports amount to 6,124 megawatt-hours, while imports total 3,517 megawatt-hours
12.02.2021 Electricity , Turkey , General

Spot market electricity prices for Friday, Feb. 12

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 164.9 million Turkish liras
11.02.2021 Electricity , Turkey

Inter RAO sells stake in Akkuyu Nuclear for 1B rubles

- Russian energy company sells 0.82% stake to undisclosed new owner
12.02.2021 Nuclear , Turkey

Turkey's daily power consumption up 0.3% on Feb. 10

- Electricity exports amount to 5,950 megawatt-hours, while imports total 3,422 megawatt-hours
11.02.2021 Electricity , Turkey

Spot market electricity prices for Thursday, Feb. 11

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 161.6 million Turkish liras
10.02.2021 Electricity , Turkey , General

Global EV sales see record rise in 2020 led by Europe

- Market share of electric cars rises over 4% from its 2.5% level in 2019, data shows
11.02.2021 Electricity , Projects , Renewable , World , General

Turkey's daily power consumption up 1.37% on Feb. 9

- Electricity exports amount to 5,766 megawatt-hours, while imports total 4,873 megawatt-hours
10.02.2021 Electricity , Finance , Turkey , General

Air pollution from fossil fuels causes over 8M deaths

- Air pollution from burning fossil fuels like coal and diesel is cause of about 1 in 5 deaths worldwide, new research says
10.02.2021 Coal

China plans world’s biggest dam build on Tibetan river

- Mega-dam project draws criticism as nearly 14,000 people face risk of relocation
10.02.2021 Electricity , Hydro , World , Asia

Spot market electricity prices for Wednesday, Feb. 10

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 164.2 million Turkish liras
09.02.2021 Electricity , Turkey

India to see largest energy demand of any country

- Country needs $1.4 trillion to put energy sector on a sustainable path over next two decades, new IEA report says
09.02.2021 Electricity , Renewable , Asia

Turkey's daily power consumption up 14.6% on Feb. 8

- Electricity exports amount to 5,218 megawatt-hours, while imports totaled 4,279 megawatt-hours
09.02.2021 Electricity , Turkey

Spot market electricity prices for Tuesday, Feb. 9

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 165.5 million Turkish liras
09.02.2021 Electricity , Turkey

Turkey's power output from gas up 21% due to drought

- With more tangible drought in last three months, 48.2% growth was seen in share of natural gas plants in power generation
09.02.2021 Electricity , Natural Gas , Turkey

Spot market electricity prices for Monday, Feb. 8

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 155.91 million Turkish liras
08.02.2021 Electricity , Turkey

Turkey's daily power consumption down 6.9% on Feb. 6

- Electricity exports amount to 7,644 megawatt-hours, while imports totaled 865 megawatt-hours
08.02.2021 Electricity , Turkey

Spot market electricity prices for Sunday, Feb. 7

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 135.76 million Turkish liras
07.02.2021 Electricity , Turkey

Turkey's daily power consumption down 1.2% on Feb. 5

- Electricity exports amount to 9,035 megawatt-hours, while imports total 2,597 megawatt-hours
07.02.2021 Electricity , Turkey

Spot market electricity prices for Saturday, Feb. 6

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 155.97 million Turkish liras
05.02.2021 Electricity , Turkey , General

Turkey's daily power consumption down 0.36% on Feb. 4

- Electricity exports amount to 10,137 megawatt-hours, while imports total 4,978 megawatt-hours
06.02.2021 Electricity , Turkey , General

Spot market electricity prices for Friday, Feb. 5

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 169.52 million Turkish liras
04.02.2021 Electricity , Finance , General

Turkey's daily power consumption down 0.9% on Feb. 3

- Electricity exports amount to 8,606 megawatt-hours, while imports total 2,458 megawatt-hours
04.02.2021 Electricity , Finance , Turkey

IRENA boosts sustainable hydropower through partnership

- Partnership activities will focus on development, sharing knowledge and best practices
05.02.2021 Electricity , Finance , Hydro , General

Spot market electricity prices for Thursday, Feb. 4

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 164.42 million Turkish liras
03.02.2021 Electricity , Turkey

Turkey's daily power consumption up 0.53% on Feb. 2

- Electricity exports amount to 7,289 megawatt-hours, while imports total 989 megawatt-hours
03.02.2021 Electricity , Turkey

Spot market electricity prices for Wednesday, Feb. 3

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 167.74 million Turkish liras
02.02.2021 Electricity , Turkey

Turkey's electricity consumption up 0.62% in January

- Electricity imports for January from neighboring countries show decrease of 48% compared to January last year
03.02.2021 Electricity , Turkey , General

Turkey's daily power consumption up 13% on Feb. 1

- Electricity exports amount to 6,370 megawatt-hours, while imports total 1,519 megawatt-hours
03.02.2021 Electricity , Turkey

Erdogan tests Turkey’s 1st driverless electric bus

- Karsan Atak Electric bus has range of over 186 miles without interruption
02.02.2021 Electricity , Projects , Turkey

Iran close to having enough material to make nuke: US

- US top diplomat says Tehran 'weeks' from obtaining sufficient material if it continues to move away from deal
02.02.2021 Nuclear , Americas , Middle East-Africa

Spot market electricity prices for Tuesday, Feb. 2

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 167.19 million Turkish liras
01.02.2021 Electricity , Turkey

Turkey's electricity trade volume up 15% in January

- Trade volume in day-ahead spot electricity market for January reaches 5.3 billion Turkish liras
02.02.2021 Electricity , Turkey

Turkey's daily power consumption down 10.5% on Jan. 31

- Electricity exports amount to 6,947 megawatt-hours, while imports total 1,437 megawatt-hours
01.02.2021 Electricity , Turkey

Spot market electricity prices for Monday, Feb. 1

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 157.09 million Turkish liras
01.02.2021 Electricity , Finance , General

Turkey's daily power consumption down 7.8% on Jan.30

- Electricity exports amount to 7,864 megawatt-hours, while imports total 941 megawatt-hours
01.02.2021 Electricity , Finance , Turkey , General

Spot market electricity prices for Sunday, Jan. 31

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 141.43 million Turkish liras
09.02.2021 Electricity , Turkey

Turkey's daily power consumption down 0.6% on Jan. 29

- Electricity exports amount to 8,615 megawatt-hours, while imports total 2,132 megawatt-hours
31.01.2021 Electricity , Turkey

Spot market electricity prices for Saturday, Jan. 30

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 159.08 million Turkish liras
29.01.2021 Electricity , Turkey

Turkey's daily power consumption up 2.1% on Jan. 28

- Electricity exports amount to 9,706 megawatt-hours, while imports total 2,968 megawatt-hours
29.01.2021 Electricity , Turkey
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