BTG Market Explored in New In-Demand GlobalData Report Now Available at MarketPublishers.com25 Apr 2013 • by Natalie Aster
LONDON - China’s surging industrialization makes reliance on alternative power generation impractical, creating a favourable environment for a BTG industry currently struggling with the global rise of energy diversification and a move away from fossil fuels upon which the sector relies. Developed economies such as the US, UK and Japan are all expected to demonstrate minimal revenue growth in the boiler, turbine and generator (BTG) market during the same period.
China’s ongoing dependence on coal is expected to be a substantial boon for the country’s BTG market. Despite the rising price of coal, the commercialization of renewable energy continues to be the more expensive option for utility companies. As a result, revenue for coal-based generation technologies is expected to climb over the forecast period.
According to the report "Boiler, Turbine, Generator (BTG) Equipment for Thermal Power - Market size, Competitive Landscape and Forecasts to 2020" by GlobalData, BTG market revenue in China will increase steadily from a expected total of USD 20.9 billion in 2013 to USD 30.1 billion in 2020, boosting the nation’s share of the global market from 32% to 48%.
Boiler, Turbine, Generator (BTG) Equipment for Thermal Power - Market size, Competitive Landscape and Forecasts to 2020
Published: April, 2013
Price: US$ 3,995.00
The gas power market in China – although small when compared to the coal sector – is expected to expand considerably in the near future. Between 2013 and 2020, GlobalData predicts the country’s gas turbine and Heat Recovery Steam Generators (HRSG) markets to grow at respective Compound Annual Growth Rates (CAGRs) of 9.4% and 8.8%.
More information can be found in the report “Boiler, Turbine, Generator (BTG) Equipment for Thermal Power - Market size, Competitive Landscape and Forecasts to 2020” by GlobalData.