World Steam and Vapour Turbine Market to Grow 3.9% annually from 2014 to 2018

Posted May 29, 2014 by amriteshsuman

Report "Steam and Vapour Turbine Markets in the World to 2018 - Market Size, Trends, and Forecasts" is published by GRDS at

Global demand for steam and vapour turbines is forecast to expand 3.9% p.a. between 2014 - 2018. China, Greece, Ireland, Lithuania, and Macedonia are considered the highest potential markets in the coming years.

According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global steam and vapour turbine industry is forecast to reach 3.9% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 7.2%.

Currently, parts of steam and vapour turbines account for 73.3% of the global demand while the remaining market share is divided between steam and vapour turbines (output more than 40 MW) (14.0%), steam and vapour turbines (output less than 40 MW) (11.8%), and steam and vapour turbines for marine propulsion (1.0%).

China, Germany, India, Japan, and the United States represent the largest steam and vapour turbine markets while the strongest annual growth is forecast to occur in Ireland (36.7%), Greece (32.6%), Macedonia (31.8%), Lithuania (30.2%), and Denmark (30.0%).

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Steam and vapour turbine market size compared to market growth in different countries
Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential steam and vapour turbine markets in the coming years are:

Ranking Country Market Potential Rate
1. China 0.64
2. Ireland 0.37
3. Greece 0.33
4. Macedonia 0.32
5. Lithuania 0.30
6. Denmark 0.30
7. India 0.28
8. Slovakia 0.28
9. Bulgaria 0.23
10. Latvia 0.23
11. Estonia 0.17
12. Spain 0.17
13. Georgia 0.16
14. Austria 0.16
15. Lebanon 0.16
16. France 0.15
17. Malaysia 0.15
18. South Korea 0.15
19. Kazakhstan 0.14
20. Germany 0.13

The studies include historic market data from 2007 to 2013 and forecasts until 2018 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other industry professionals looking for key market insights in a readily accessible and clearly presented format.

Get all reports of Global Research & Data Services publisher at:

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Issued By Big Market Research
Country United States
Categories Industry
Tags Steam and Vapour Turbine Markets , market size , Trends , Forecasts
Last Updated May 29, 2014