Research and Markets (http://www.researchandmarkets.com/research/29xdrf/turbine_market_in) has announced the addition of the "Turbine Market in China 2015-2019" report to their offering.

The analysts forecast the Turbine market in China to grow at a CAGR of 3.2% over the period 2014-2019

A turbine is a mechanical device that transforms rotational energy through fluid movement into usable energy by using a rotor and blades. The fluid used for the rotation can be steam, gas or a combustion product such as CO2, carbon monoxide, or some other fuel.

One major trend upcoming in this market is the volatility in gas prices. Fluctuating international gas prices affect the profit margins of the gas-based power plant operators both positively and negatively.

According to the report, the market for gas and steam turbines is expected to grow significantly with the growth of coal-based power plants. Currently, coal dominates the overall generation of electricity in the country and is expected to continue its dominance with installations of more coal-based power plants in the coming years.

Further, the report states that one of the key challenges in this market is the high cost of capital. The cost of the manufacturing and installation of steam or gas turbines is very high because of the need to follow several industry standards and mandates. Various safety measures that have to be followed during installation also increase the cost significantly.

The Turbine market in China can be segmented into two types: Steam and Gas turbine.

Key Vendors

  • Dongfang Electric
  • Hangzhou Steam Turbine
  • Harbin Turbine
  • Nanjing Turbine & Electric Machinery (Group)
  • Shandong Qingneng Power (QNP)
  • Shanghai Electric Group

Key Topics Covered:

  1. Executive Summary
  2. List of Abbreviations
  3. Scope of the Report
  4. Market Research Methodology
  5. Introduction
  6. Market Landscape
  7. Market Segmentation by Type
  8. Buying Criteria
  9. Market Growth Drivers
  10. Drivers and their Impact
  11. Market Challenges
  12. Impact of Drivers and Challenges
  13. Market Trends
  14. Trends and their Impact
  15. Vendor Landscape
  16. Key Vendor Analysis

For more information visit http://www.researchandmarkets.com/research/29xdrf/turbine_market_in