Asia-Pacific Steam Turbines Market

  • January 2013
  • -
  • Frost & Sullivan
  • -
  • 96 pages

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.

Two Main Steam Turbine Types
• Back-pressure Turbines: These turbines expand the high pressure steam through a turbine. It releases the steam at relatively low pressure making it suitable for onsite heat requirements. These turbines are popularly used for combined heat power (CHP) generation technology. The efficiency of fuel conversion to power is Xto X per cent from condensing turbines
• Condensing Turbines: In this type of turbine, steam is exhausted into a condenser to achieve maximum pressure drop across the blades. This process helps in generating more electricity for a given high pressure steam than a back-pressure turbine. However, it wastes all the thermal energy. Therefore, this turbine is widely used by central plants, where there is no possibility of transmitting by-product heat to remote thermal users. The efficiency of fuel conversion to power is X-X per cent from condensing turbines.

Fuel Types
The steam turbine use variety of fuels such as coal, natural gas, oils and biomass. These fuels are used for heating the water in the boiler and does not come in contact with the turbine.

Original Equipment Manufacturers (OEMs)
In this study, OEMs include all the manufacturers of steam turbines. Balance of system/plant manufacturers are excluded from OEMs.

End-user Group
The market is divided among utilities/IPPs and industrial consumers. Utility segment/IPPs include all units purchased by both utility and non-utility power generation companies for power generation application only. Industrial power segment includes all units purchased by industries such as mining, food and pulp, oil and gas, and so on for power generation only. Condensing turbines are usually used by these end-users due to its ability to control the electrical output by varying the mass flow rate of the steam.
• Research Period: The study period ranges from 2009 to 2016, with 2011 as the base year. The historic period is from 2009 to 2010, while the forecast period ranges from 2012 to 2016. Market information for the historic period and the base year has been obtained from both primary and secondary research data and analysis. Key trends and information about the market size, market share and other variables are based on the discussions with key industry stakeholders in the value chain.
• Currency Exchange Rate: The average rate of exchange in 2011 has been considered for each countries’ currency value against the US dollar. The entire forecast has been carried out considering US dollar as the base currency, and the revenue is in millions. The real market size in terms of local currency is expected to vary depending on exchange rate variations.

Specific Inclusions and Exclusions

• Power plants using steam turbines with output capacity of more than XMW have been included in this research service.
• Capacity, units and revenue have been used to denote additional capacities ordered, units ordered and revenues generated, respectively.
• The scope of the research does not cover power plants that use anything other than coal as fossil fuel.
• The general rule of thumb stating that the gas turbine would support X of the load and steam turbineX of the load has been applied to this study. Thus, while forecasting data, for combined-cycle power plants, only X of the given total plant capacity has been considered for revenue calculation.
• Steam turbines providing heat for district heating systems are not included in the study.

Key Questions This Study Will Answer

• Will coal-fired power plants be largely used due to its cheap price and greater availability?
• Will the power demand in Japan be supported by large coal-fired power plants?
• How much will the uptake of renewable energy technologies affect the growth of non-renewable technologies?
• How will the structure of the market change with time? Is it ripe for acquisitions?
• Are the policies and incentives introduced by the government meeting the customers’ needs, or is policy alteration required?
• Will coal-based power plants still be viable despite the carbon emission taxes?

Table Of Contents

Table of Contents

1. Executive Summary
2. Market Overview
3. Total Steam Turbines Market
• External Challenges: Drivers and Restraints
• Forecasts and Trends
4. Utility/IPPs Segment Breakdown
5. Market Share and Competitive Analysis
6. Industrial Segment Breakdown
7. Market Share and Competitive Analysis
8. The Last Word (Conclusions and Implications)
9. Appendix

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