Turbine Market in Thailand 2015-2019: New research report available at Fast Market Research

Fast Market Research announces the availability of Technavio's new report "Turbine Market in Thailand 2015-2019" on their comprehensive research portal.

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.

Technavio's analysts forecast the turbine market in Thailand to grow at a CAGR of 4.2% over the period 2014-2019.

Get More Details on this Report and a Full Table of Contents at Turbine Market in Thailand 2015-2019

Commenting on the report, an analyst from Technavio’s team said: "The development of privatization policy is a critical trend observed in this market. Even though the power companies in Thailand ensure a quality power supply, the power sector is showing distortions, thus the government has envisaged power sector reform in the country."

According to the report, one driver that positively influences growth in this market is the increase in gas-fired power plants. The country has the 27th largest natural gas reserves in the world. The availability of domestic gas resources through limited domestic production and imports from other countries ensures a continuous gas supply to the power plants.

Further, the report states that the growing dependence on energy imports is a major challenge faced by this market. The country largely depends on energy imports to ensure power supply to the growing power demand. It imports almost 25% of its natural gas supply.

The key players in the Turbine Market in Thailand are Alstom S.A, Dongfang Electric Corp., General Electric Corp. (GE), Shanghai Electric Ltd., and Siemens AG. while other prominent vendors include Westing House and Mitsubishi Heavy Electric

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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