Turbine Market in Vietnam 2015-2019

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Turbine Market in Vietnam 2015-2019

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.

Turbine Market in Vietnam 2015-2019

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Market Overview• 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.

• Technavio's analysts forecast the turbine market in Vietnam to grow at a CAGR of 17.7% over the period 2014-2019.

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Key Vendors and Regions

• Dongfang Electric

• GE

• Harbin

• Siemens

• Alstom

• Mitsubishi Heavy Electric

View Our Report: Turbine Market in Vietnam 2015-2019

• Vietnam

Vendors Regions

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Key Findings

• Vietnam has significant potential for power generation sources.

• The country's power mix constitutes diversified power generation sources.

• Vietnam's master plan aims to tackle the country's growing power demand and ensure an increase in installed capacity and power generation.

• Owing to its diversified power mix, the country will not have to rely on a single power generation source.

• Vietnam plans to increase the share of renewable energy in its overall power mix. However, as renewable energy is expensive, coal will likely be the main power generation source in the long term.

• As the country is taking gradual steps to increase its renewable energy share, it is focusing more on the installation of coal-fired power plants with clean coal technology.

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Key Questions Answered in Our 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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Turbine Market in Vietnam 2015-2019

70 Pages | SKU: IRTNTR6786

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