Crown Capital Management Environmental Reviews Asia-Pacific Steam Turbines Market

Crown Capital Management Environmental Reviews Asia-Pacific Steam Turbines Market

Crown Capital Management Environmental Reviews Asia-Pacific Steam Turbines Market

Renewed Interest in Steam Turbines Market with Development of New Technologies This research service covers the current state and future potential of steam turbines markets in the Asia-Pacific region. The study covers Southeast Asia, East Asia and Australia and New Zealand regions. It provides an in-depth analysis of the drivers, restraints and their impacts in the forecast period. The end-user type covered in this study includes utility/independent power producers (IPPs) and Industrial end-user segment. All forecasts have been provided on the basis of end-user segment. Power output capacity covered in the study includes 30-100MW, 100.1-500MW and above 500.1MW. Unit order capacity has also been covered for the entire study period.

Executive Summary

• This research service discusses the revenue generated and trends witnessed in the Asia-Pacific (APAC) steam turbines market, covering the utility/Independent power producers (IPPs) and Industrial end-user segments.

• The negative growth rate across most energy-intensive industries such as oil and gas, petrochemicals, chemicals and so on, indicated an overall decline of the Asia-Pacific energy industry during the financial crisis in 2009. This shrunk the market for steam turbines by almostX per cent. However, with markets recovering in 2010 and 2011, the steam turbines market witnessed a growth of X per cent in 2011.

• The utility/IPP segment contributed Xper cent of the order capacity in 2011. The remaining X per cent was held by industrial segment. Both utilities and IPPs invested heavily in combined cycle power stations and coal-fired generation during 2011, and the trend is expected to continue during the forecast period.

• Environmental-friendly technologies such as co-generation are expected to develop further, creating demand for steam turbines during the forecast period.

• With well-established original equipment manufacturers (OEMs) dominating the market, no newcomers are expected to excel in manufacturing turbines with high output power during the forecast period.

• Coal-fired power generation plays an important role, but its future growth is severely limited by environmental emission concerns. Growing demand for co-generation and advances in clean-coal technology are some of the other factors driving the steam turbines market.

CEO’s Perspective


1. The advent of clean coal technology, carbon capture storage and carbon sequestration are acting as major drivers for obtaining new projects across the APAC region and thereby increasing the steam turbines demand.

2. In Southeast Asia, Indonesia and Vietnam are the two biggest contributors to coal fuel mix. Indonesia is already the world’s largest steam coal exporter, the second-largest hard-coal exporter, and the fifth-largest coal producer.

3. In East Asia, Japan is looking at developing coal-fired power plants with steam turbines as one of the technologies to make up for the lost nuclear power generation. Large orders with super critical technology are expected between 2014 and 2016.

4. In Australia and New Zealand (ANZ) region, the steam turbine orders are slow as the investors are unclear about the carbon emission taxes. The demand is expected to be low during the forecast period until clarity is attained.

5. Sub-critical and Super-critical steam cycles are widely used in the APAC region. These enable generation efficiencies ofX per cent to X per cent. The ultra super-critical technology with efficiency of approximately X per cent is yet to become popular in this region.

Definitions Steam Turbines A steam turbine is a mechanical device that converts thermal energy into mechanical energy. This rotary motion is utilized to drive an electrical generator connected through a shaft. Steam turbine is one of the oldest technologies used to generate power. Following are the power plants that use steam turbines to generate electricity.

• Coal-fired Power Plants: All coal-fired power plants have steam turbines and use coal as fossil fuel to generate electricity

• Combine Cycle Power Plants: These power plants use both steam turbines and gas turbines, and use fossil-fuels like coal or natural gas to generate electricity

• Cogeneration Power Plants: These power plants use steam or gas turbines based on the fuel type used. If the fuel type used is coal, then steam turbines are used and for natural gas, gas turbines are used.



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