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Thursday, 1 October 2015

Turbine market in Nigeria to grow at a CAGR of 12.3% over the period 2014-2019

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 Nigeria to grow at a CAGR of 12.3% over the period 2014-2019.

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

Technavio's report, Turbine Market in Nigeria 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

Other Prominent Vendors
Nanjing Turbine & Electric Machinery

Key Market Driver
Availability of Power Generation Sources
For a full, detailed list, view our report

Key Market Challenge
Economic Instability and High-level Poverty
For a full, detailed list, view our report

Key Market Trend
Inclusion of Coal-fired Power in Nation's Energy Mix
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?

For More Information Kindly Contact:
Mr. Nachiket Ghumare, +1–518–621–2074
USA-Canada Toll Free: 866–997–4948


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