Analysts forecast the turbine market in Vietnam to grow at a CAGR of 17.7% over the period 2014-2019
About Turbine
A turbine is a mechanical device consisting of revolving rotors and blades, which transforms rotational energy into usable energy. The fluid used for the rotation can be steam, gas, or other combustion products such as CO2 and carbon monoxide. There are three types of turbines: steam, gas, and CCGT. Steam turbine extracts thermal energy from steam and converts it into mechanical energy. Gas turbine is generally used in gas-fired power plants where an internal combustion engine is placed, in which the fuel is mixed with air and ignited. Because of the growing awareness about the environmental pollution caused by thermal power plants, most of the newly constructed gas-fired power plants are CCGT plants.
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Technavio's analysts forecast the turbine market in Vietnam to grow at a CAGR of 17.7% over the period 2014-2019.
Covered in this Report
The report includes the present scenario and the growth prospects of the turbine market in Vietnam for the period 2015-2019. Based on type, the market can be segmented into three: steam turbines, gas, and CCGT.
Technavio's report, Turbine Market in Vietnam 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
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Key Vendors
• Dongfang Electric
• GE
• Harbin
• Siemens
Other Prominent Vendors
• Alstom
• Mitsubishi Heavy Electric
Key Market Driver
• Adoption of Supercritical Technology
• For a full, detailed list, view our report
Key Market Challenge
• Dependence on Energy Imports
• For a full, detailed list, view our report
Key Market Trend
• Diversification of Power Generation Sources
• For a full, detailed list, view our report
Key Questions Answered in this Report
• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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