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Home Community Discussion BoardsBulletin BoardOff TopicResearch and Markets: Boiler, Turbine, Generator (BTG) Equipment for Thermal Power

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Aini

Joined: May 6, 2013
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Province/State: Johor
City: Johor Bahru
Research and Markets: Boiler, Turbine, Generator (BTG) Equipment for Thermal Power
May 6, 2013

According to the company's latest report*, BTG market revenue in China will increase steadily from a expected total of US$20.9 billion in 2013 to US$30.1 billion in 2020, boosting the nation's share of the global market from 32% to 48%.

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 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.

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