Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Marine Boiler and Steam Turbine Generator Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 5.2% during the review period (2022 to 2027).
Rising preference and adoption of sustainable or renewable energy sources can, however, restrict the growth of the global boiler, turbine, and generator (BTG) market in the near future. Other potential barriers for the growing global boiler, turbine, and generator (BTG) market include clean energy generation initiatives, consumer preference for using environmentally friendly and sustainable fuels, and cost fluctuations of the raw materials required for the production of electrical energy through fossil fuels. On the other hand, increasing requirement from industrial and manufacturing industries along with the capitalistic approach of numerous manufacturers can fuel the expansion of the global boiler, turbine, and generator (BTG) market in coming years.
Top Key players in the Marine Boiler and Steam Turbine Generator Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The companies referred in the market research report includes Alfa Laval, SAACKE GmbH, Johnston Boiler, Mitsubishi Heavy Industries, Miura America Co, Supreme Boilers, Osaka Boiler Mfg, Volcano, GE, Siemens, Kawasaki Heavy Industries, Rolls-Royce, Mitsubishi Hitachi Power Systems(MHPS), Harbin Turbine, Toshiba, Solar Turbines, ,
Industry News:
Bundled offer: Marine technology and service on a new level
Bremen, March 8th 2022 – After more than two decades of strategic partnership, the renowned company SAACKE GmbH integrates Scandinavian Boiler Service (SBS) and SAACKE Marine Systems under one roof. The reasons are due to changes in the global marine business and the associated higher expectations of the supplier industry. Thus, the technologies for the marine sector as well as the associated services will continue to be offered from a single source, but more comprehensively than before.
By Type, it is segmented into
Asia Pacific is a prominent region of the BTG market, led by the increase in demand and consumption of electricity in China, followed by that in India and Japan. Most of the electricity in China and India is generated from thermal power plants, due to the abundance of coal deposits in these countries. Thus, China and India are the biggest BTG markets across the globe. Expansion of the economy, growth in urbanization, and rise in demand for electricity are augmenting the BTG market in Asia Pacific. Increase in demand for electricity in North America and Europe owing to the growing urbanization, industrial development, abundance of coal reserves, and aging electricity infrastructure are also driving the BTG market in these regions.
All these factors greatly affect the Marine Boiler and Steam Turbine Generator Market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
The Marine Boiler and Steam Turbine Generator Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Marine Boiler and Steam Turbine Generator Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes
|
|
Report Details |
Forecast Period 2022 to 2028 CAGR |
|
|
By Type |
|
|
By Applications |
|
|
By Companies
|
| Alfa Laval, SAACKE GmbH, Johnston Boiler, Mitsubishi Heavy Industries, Miura America Co, Supreme Boilers, Osaka Boiler Mfg, Volcano, GE, Siemens, Kawasaki Heavy Industries, Rolls-Royce, Mitsubishi Hitachi Power Systems(MHPS), Harbin Turbine, Toshiba, Solar Turbines |
Regions Covered
|
|
|
Countries Covered |
|
|
Base Year
|
|
2022 |
Historical Year
|
|
2017 to 2021 |
Forecast Year
|
|
2022 to 2027 |
Number of Pages |
| 163 |
Customization Available
|
| Yes, the report can be customized as per your needs |
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
What is the study period of this market?
The Marine Boiler and Steam Turbine Generator Market is studied from 2017 - 2027.
What is the growth rate of Marine Boiler and Steam Turbine Generator Market?
The Marine Boiler and Steam Turbine Generator Market is growing at a CAGR of 5.2% over the next 5 years.
Who are the key players in Marine Boiler and Steam Turbine Generator Market?
Alfa Laval, SAACKE GmbH, Johnston Boiler, Mitsubishi Heavy Industries, Miura America Co, Supreme Boilers, Osaka Boiler Mfg, Volcano, GE, Siemens, Kawasaki Heavy Industries, Rolls-Royce, Mitsubishi Hitachi Power Systems(MHPS), Harbin Turbine, Toshiba, Solar Turbines
What region does this Marine Boiler and Steam Turbine Generator Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Marine Boiler and Steam Turbine Generator Market?
What are the major Applications of Marine Boiler and Steam Turbine Generator Market?
Marine Boiler, Marine Steam Turbine Generator, Segmentation by application: breakdown data from 2016 to 2021, in Section 2.4; and forecast to 2026 in section 11.8., Military, Civil,Others
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
Reach us with your research requirements and we shall provide the optimum solution to suit your needs.
Discounts available for multiple report purchases.