Turbine Market in Vietnam 2015-2019

Turbine Market in Vietnam 2015-2019

About Turbine

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 Vietnam to grow at a CAGR of 17.7% over the period 2014-2019.

Covered in this Report

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

Technavio's report, Turbine Market in Vietnam 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.

Key Vendors

  • Dongfang Electric
  • GE
  • Harbin
  • Siemens
Other Prominent Vendors
  • Alstom
  • Mitsubishi Heavy Electric
Key Market Driver
  • Adoption of Supercritical Technology
  • For a full, detailed list, view our report
Key Market Challenge
  • Dependence on Energy Imports
  • For a full, detailed list, view our report
Key Market Trend
  • Diversification of Power Generation Sources
  • 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?


Press Release

Technavio Announces the Publication of its Research Report – Turbine Market in Vietnam 2015-2019

Technavio recognizes the following companies as the key players in the Turbine Market in Vietnam: Dongfang Electric, GE, Harbin and Siemens

Other Prominent Vendors in the market are: Alstom and Mitsubishi Heavy Electric

Commenting on the report, an analyst from Technavio’s team said: “Vietnam has significant potential for power generation sources. The country's power mix constitutes diversified power generation sources. Vietnam's master plan aims to tackle the country's growing power demand and ensure an increase in installed capacity and power generation. Owing to its diversified power mix, the country will not have to rely on a single power generation source. Vietnam also plans to add nuclear power into the power mix by 2020 and increase the renewable and thermal power shares in the overall installed capacity. The country is planning to import coal and coal resources from APAC countries such as Australia, Myanmar, and Indonesia. However, a decrease in coal imports may have slight impact on power demand.”

According to the report, Vietnam has abundant coal reserves that play a crucial role in ensuring power demand. Steam turbine-based generation is the backbone for power generation in the country. Most thermal power plants consist of sub-critical boilers that drive steam turbines to generate power; however, with the adoption of supercritical technology, there will be a considerable increase in power efficiencies and decreased CO2 emissions. With growing emphasis on reducing CO2 emissions, Vietnam is implementing supercritical technology in its power plants. So far, the country has commissioned three supercritical units and is projected to commission more in the near future.

Further, the report states that the country is heavily dependent on energy imports to meet the growing power demand. Therefore, reduction in imports curtails the installation of turbines.

Companies Mentioned

Dongfang Electric, GE, Harbin, Siemens, Alstom, Mitsubishi Heavy Electric

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
      • Table Thermal Power Plant Forecast Methodology
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Key Highlights
    • Master Plan for National Power Development 2011-2020
    • Lack of Natural Gas Resources Pose Threat to Gas-fired Power Plants
    • Steam Turbines to Dominate the Market by 2019
      • Table Steam Turbine Installations in Vietnam (2014-2019)
  • Introduction
    • Table Types of Turbines
    • Table Schematic Diagram of CCGT-based Power Plant
    • Table Schematic Diagram of Steam Turbine-based Power Plant
    • Table Schematic Diagram of Gas Turbine-based Power Plant
  • Market Landscape
    • Market Overview
    • Power Generation Market in Vietnam
      • Table Vietnam: Power Generation Mix 2013 and 2014
      • Table Power Generation in Vietnam 2010-2014 (TWh)
    • Market Size and Forecast
      • Table Turbine Market in Vietnam 2014-2019 (MW)
    • Five Forces Analysis
  • Market Segmentation by Type
    • Turbine Market in Vietnam by Type 2014
      • Table Turbine Market in Vietnam by Type 2014
    • Turbine Market in Vietnam by Type 2019
      • Table Turbine Market in Vietnam by Type 2019
      • Table Turbine Market in Vietnam by Type 2014-2019
    • Steam Turbine Market in Vietnam
      • Market Size and Forecast
        • Table Steam Turbine Market in Vietnam (MW)
        • Table Top Five Active Coal-fired Power Plants in Vietnam (MW)
        • Table Top Five Upcoming Coal-fired Power Plants in Vietnam (MW)
    • CCGT Market in Vietnam
      • Market Size and Forecast
        • Table CCGT Market in Vietnam (MW)
        • Table Top Five Active Gas-fired Power Plants in Vietnam (MW)
        • Table Top Upcoming Gas-fired Power Plants in Vietnam (MW)
        • Table Process Life Cycle of CCGT Plant
  • Buying Criteria
  • Market Growth Drivers
    • Table Upcoming Thermal Capacity by Boiler Type in Vietnam 2015-2019
    • Table Master Plan for National Power Development: Thermal Power Targets (MW)
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
    • Table Vietnam Power Mix 2015, 2020, and 2030 (MW)
    • Table Vietnam's Coal Supply and Demand (Million Tons)
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
      • Key News
    • Other Prominent Vendors
  • Key Vendor Analysis
    • DEC
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table DEC: Business Segmentation by Revenue 2013
      • Business Segmentation By Revenue 2012 and 2013
        • Table DEC: Business Segmentation By Revenue 2012 and 2013 ($ millions)
      • Geographic Segmentation by Revenue 2013
        • Table DEC: Geographic Segmentation by Revenue 2013
      • Business Strategy
      • SWOT Analysis
    • GE
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2014
        • Table GE: Business Segmentation by Revenue 2014
      • Business Segmentation by Revenue 2013 and 2014
        • Table GE: Business Segmentation by Revenue 2013 and 2014 ($ billions)
      • Geographical Segmentation by Revenue 2014
        • Table GE: Geographical Segmentation by Revenue 2014
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Harbin Turbine
      • Key Facts
      • Business Overview
      • Recent Developments
      • SWOT Analysis
    • Shanghai Electric Group
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Shanghai Electric Group: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table Shanghai Electric Group: Business Segmentation by Revenue 2012 and 2013 ($ millions)
      • Geographical Segmentation by Revenue 2013
        • Table Shanghai Electric Group: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Siemens Energy
      • Key Facts
      • Business Overview
      • Business Segmentation
        • Table Business Segmentation of Siemens Energy 2013
        • Table Business Segmentation of Siemens Energy by Revenue 2012 and 2013 ($ billions)
      • Geographical Segmentation
        • Table Geographical Segmentation of Siemens Energy by Revenue 2013
      • Business Strategy
      • Key Information
      • SWOT Analysis
  • Other Reports in this Series

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