Boilers, Turbines and Generators (BTG) for Thermal Power Market.
China to Continue to Lead Global BTG Market followed by India, Vietnam and the US.
China, the biggest Boilers, Turbines and Generators (BTG) market in the world, accounted for a 36% share in 2015. The country’s electricity options are centered on thermal power generation, making it a major market for BTG equipment. Robust economic growth over the past decade has led to a rise in electricity demand, especially from the industrial sector, benefiting the BTG market in the country.
China’s leading position in the BTG market is followed by India with a 14% share worth $6.8 billion in 2015. Vietnam and the US are a distant third and fourth with shares of 5% (worth $2.5 billion) and 4% (worth $1.8 billion), respectively, in 2015. China and India are expected to lead the BTG market in 2020 as well, with a share of 31% (worth $14.9 billion) and 11% (worth $5.2 billion), respectively.
GlobalData’s latest report “Boilers, Turbines and Generators (BTG) for Thermal Power – Market Size, Competitive Landscape, Key Country Analysis and Forecasts to 2020” offers in-depth analysis of BTG market at global, regional (Asia-Pacific, Americas, Europe, and Middle East and Africa) and key countries (US, China, India, Republic of Korea, Germany, UK, Saudi Arabia, South Africa, Egypt, Turkey, Poland, and Nigeria) level. The report analyzes the global and regional BTG market value and size for the historic (2010-2015) and forecast (2016-2020) periods.