Market Research Reports, Inc. has announced the addition of “Turbine Market in South Africa 2015-2019” research report to their website http://www.MarketResearchReports.com

Lewes, DE -- (SBWire) -- 07/31/2015 --Report forecast the Turbine market to grow at a CAGR of 4.3% over the period 2014-2019.

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. 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.

The report includes the present scenario and the growth prospects of the turbine market in South Africa for the period 2015-2019. Based on type, the market can be segmented into three: steam, gas, and CCGT.

Turbine Market in South Africa 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.

According to the report, we estimate South Africa's coal reserves at 53 billion tons. It is estimated that more than 85% of the overall thermal power plants in the country run on coal as the primary fuel, and around 93% of the country's overall electricity was produced by using coal-fired power plants. South Africa produces an average of 224 million tons of coal annually, which makes it the fifth-largest producer of coal in the world. The country was the third largest exporter of coal in 2013 and exported almost 25% of the overall production. Its coal reserves are estimated at 53 billion tons. Coal is the major fuel used in producing electricity, around 93% of the overall electricity was produced by using coal-fired power plants. Given the vast availability of coal resources, the country had installed huge coal-fired power plants with a capacity of more than 3 GW. The availability of coal prompts the installation of more power plants in the country, which in turn drives the market for steam turbines.

Key players in the Turbine Market in South Africa: Alstom, GE, Hitachi and Siemens

Other Prominent Vendors in the market are: ABB and MAN PrimeServ

Key Market Driver
- Huge Potential for Coal Resources
- For a full, detailed list, view our report

Key Market Challenge
- Rising Costs Delay Power Plant Operations
- For a full, detailed list, view our report

Key Market Trend
- Implementation of Carbon Tax
- 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?

Spanning over 71 pages "Turbine Market in South Africa 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Key Highlights, Introduction, Market Landscape, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit-
http://www.marketresearchreports.com/technavio/turbine-market-south-africa-2015-2019

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