Turbine Market in South Korea 2015-2019

Published: Aug 2015 Pages: 85 SKU: IRTNTR6679

About Turbine
A turbine is a mechanical device consisting of revolving rotors and blades that transform 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, namely steam turbines, gas turbines, and CCGT. Steam turbines extract thermal energy from steam and convert it into mechanical energy. Gas turbines are 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.

Technavio's analysts forecast the turbine market in South Korea to grow at a CAGR of 6.4% over the period 2014-2019.

Covered in this Report
The report includes the present scenario and the growth prospects of the turbine market in South Korea for the period 2015-2019. In terms of type, the market can be segmented into two: steam turbines and CCGT.

Technavio's report, Turbine Market in South Korea 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.

Key Vendors
• Alstom
• Doosan Heavy Industries & Construction
• GE
• Mitsubishi Heavy Industries
• Siemens

Other Prominent Vendors
• ABB
• Westinghouse

Key Market Driver
• Adoption of Super Critical and Ultra-super Critical Technology
• For a full, detailed list, view our report

Key Market Challenge
• High Reliance on Energy Imports 
• For a full, detailed list, view our report

Key Market Trend
• Increased Investments in Power Sector
• 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?

01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
03.1 Market Overview
03.2 Product Offerings
04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology
05. Key highlights
05.1 Focus on nuclear and renewable power generation to impact fossil-fuel based turbines
05.2 Private power companies to play major role in case of increasing installations
05.3 Reliance on fossil-fuel imports likely to affect fuel supply
05.4 Energy plan to give boost to installations in South Korea
06. Introduction
07. Market Landscape
07.1 Market Overview
07.2 Power Generation Market in South Korea
07.3 Market Size and Forecast
07.4 Five Forces Analysis
08. Market Segmentation by Type
08.1 Turbine Market in South Korea by Type 2014
08.2 Turbine Market in South Korea by Type 2019
08.3 Steam Turbine market in South Korea
08.3.1 Market Size and Forecast
08.3.2 Steam turbine market by company
08.4 CCGT market in South Korea
08.4.1 Market Size and Forecast
08.4.2 CCGT market by company
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
16.1 Competitive Scenario
16.1.1 Key Vendors Snapshot
16.1.2 Key News
16.2 Other Prominent Vendors
17. Key Vendor Analysis
17.1 Alstom Power
17.1.1 Key Facts
17.1.2 Business Overview
17.1.3 Key Solutions
17.1.4 Geographical Presence
17.1.5 Business Strategy
17.1.6 Recent Developments
17.1.7 SWOT Analysis
17.2 Doosan Heavy Industries & Construction
17.2.1 Key Facts
17.2.2 Business Description
17.2.3 Business Segmentation by Revenue
17.2.4 Business Segmentation by Revenue 2012 and 2013
17.2.5 Geographical Segmentation by Revenue 2013
17.2.6 Business Strategy
17.2.7 Key Developments
17.2.8 SWOT Analysis
17.3 General Electric
17.3.1 Key Facts
17.3.2 Business Overview
17.3.3 Business Segmentation by Revenue 2014
17.3.4 Business Segmentation by Revenue 2013 and 2014
17.3.5 Geographical Segmentation by Revenue 2014
17.3.6 Business strategy
17.3.7 Recent Developments
17.3.8 SWOT Analysis
17.4 Mitsubishi Heavy Industries
17.4.1 Key Facts
17.4.2 Business Overview
17.4.3 Business  Segmentation by Revenue 2014
17.4.4 Business s Segmentation by Revenue 2013 and 2014
17.4.5 Geographical Segmentation by Revenue 2014
17.4.6 Business Strategy
17.4.7 Recent Developments
17.4.8 SWOT Analysis
17.5 Siemens Energy
17.5.1 Key Facts
17.5.2 Business Overview
17.5.3 Business Segmentation
17.5.4 Geographical Segmentation
17.5.5 Business Strategy
17.5.6 Key Information
17.5.7 SWOT Analysis
18. Other Reports in this Series

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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