1 Table of Contents 1 Table of Contents 3 1.1 List of Tables 6 1.2 List of Figures 7 2 Introduction 9 2.1 Steam Turbines, Overview 9 2.2 GlobalData Report Guidance 9 3 Power Generation Market, Overview 10 3.1 Power Generation, Thermal Energy 10 3.2 Power Generation, Thermal Energy Equipment, Turbines 11 3.2.1 Thermal Energy, Steam Turbines 11 3.2.2 Thermal Energy, Gas Turbines 12 3.3 Power Generation, Steam Turbine Market, New Technologies 13 4 Global, Power Industry Analysis, 2000–2020 14 4.1 Global, Power Industry, Installed Capacity, 2000–2020 14 4.2 Global, Power Industry, Power Generation, 2000–2020 16 5 Global, Thermal Power Industry Analysis, 2000–2020 18 5.1 Global, Thermal Power Industry, Installed Capacity, 2000–2020 18 5.2 Global, Thermal Power Industry, Power Generation, 2000–2020 20 6 Global, Steam Turbine Market Analysis, 2000–2020 22 6.1 Global, Steam Turbine Market, Overview 22 6.1.1 Global, Steam Turbine Market, Market Size and Growth Analysis, 2000–2020 22 6.1.2 Global, Steam Turbine Market, Revenue Analysis and Forecast, 2000–2020 24 6.1.3 Global, Steam Turbine Market, Market Share Analysis by Capacity, 2011 26 6.2 Global, Steam Turbine Market, Drivers and Impact Analysis, 2012-2020 28 6.2.1 Availability of Coal 28 6.2.2 Growing Demand for Electricity 30 6.2.3 Increase in Demand for CCGT 31 6.2.4 Development of Clean Coal Technology 32 6.3 Global, Steam Turbine Market, Restraints and Impact Analysis, 2012–2020 33 6.3.1 Environmental/Emission Control Standards 33 6.3.2 Impact of Alternative Sources of Energy 33 6.3.3 Global Economic Downturn 34 7 Global, Steam Turbine Market, Key Markets 35 7.1 Australia, Steam Turbine Market, Market Analysis, 2000–2020 35 7.1.1 Australia, Overview 35 7.1.2 Australia, Steam Turbine Market, Market Size and Growth Analysis, 2000–2020 37 7.1.3 Australia, Steam Turbine Market, Revenue Analysis and Forecast, 2000–2020 40 7.1.4 Australia, Steam Turbine Market, Market Share Analysis by Capacity, 2010 42 7.1.5 Australia, Steam Turbine Market, Pricing Analysis, 2000–2020 42 7.1.6 Australia, Steam Turbine Market, Regulations 44 7.2 China, Steam Turbine Market, Market Analysis, 2000-2020 46 7.2.1 China, Overview 46 7.2.2 China, Steam Turbine Market, Market Size and Growth Analysis, 2000–2020 48 7.2.3 China, Steam Turbine Market, Revenue Analysis and Forecast, 2000–2020 51 7.2.4 China, Steam Turbine Market, Market Share Analysis by Capacity, 2010 55 7.2.5 China, Steam Turbine Market, Pricing Analysis, 2000–2020 57 7.2.6 China, Steam Turbine Market, Regulations 59 7.3 Germany, Steam Turbine Market, Market Analysis, 2000–2020 62 7.3.1 Germany, Overview 62 7.3.2 Germany, Steam Turbine Market, Market Size and Growth Analysis, 2000–2020 63 7.3.3 Germany, Steam Turbine Market, Revenue Analysis and Forecast, 2000–2020 67 7.3.4 Germany, Steam Turbine Market, Market Share Analysis by Capacity, 2011 69 7.3.5 Germany, Steam Turbine Market, Pricing Analysis, 2000–2020 70 7.3.6 Germany, Steam Turbine Market, Regulations 72 7.4 India, Steam Turbine Market, Market Analysis, 2000–2020 75 7.4.1 India, Overview 75 7.4.2 India, Steam Turbine Market, Market Size and Growth Analysis, 2000–2020 77 7.4.3 India, Steam Turbine Market, Revenue Analysis and Forecast, 2000–2020 79 7.4.4 India, Steam Turbine Market, Market Share Analysis by Capacity, 2010 82 7.4.5 India, Steam Turbine Market, Pricing Analysis, 2000–2020 83 7.4.6 India, Steam Turbine Market, Regulations 84 7.5 Indonesia, Steam Turbine Market, Market Analysis, 2000–2020 87 7.5.1 Indonesia, Overview 87 7.5.2 Indonesia, Steam Turbine Market, Market Size and Growth Analysis, 2000–2020 88 7.5.3 Indonesia, Steam Turbine Market, Revenue Analysis and Forecast, 2000–2020 92 7.5.4 Indonesia, Steam Turbine Market, Market Share Analysis by Capacity, 2011 94 7.5.5 Indonesia, Steam Turbine Market, Pricing Analysis, 2000–2020 95 7.5.6 Indonesia, Steam Turbine Market, Regulations 96 7.6 Italy, Steam Turbine Market, Market Analysis, 2000–2020 98 7.6.1 Italy, Overview 98 7.6.2 Italy, Steam Turbine Market, Market Size and Growth Analysis, 2000–2020 99 7.6.3 Italy, Steam Turbine Market, Revenue Analysis and Forecast, 2000–2020 103 7.6.4 Italy, Steam Turbine Market, Market Share Analysis by Capacity, 2011 106 7.6.5 Italy, Steam Turbine Market, Pricing Analysis, 2000–2020 107 7.6.6 Italy, Steam Turbine Market, Regulations 109 7.7 Russia, Steam Turbine Market, Market Analysis, 2000–2020 111 7.7.1 Russia, Overview 111 7.7.2 Russia, Steam Turbine Market, Market Size and Growth Analysis, 2000–2020 113 7.7.3 Russia, Steam Turbine Market, Revenue Analysis and Forecast, 2000–2020 117 7.7.4 Russia, Steam Turbine Market, Market Share Analysis by Capacity, 2011 120 7.7.5 Russia, Steam Turbine Market, Pricing Analysis, 2000–2020 121 7.7.6 Russia, Steam Turbine Market, Regulations 123 7.8 Saudi Arabia, Steam Turbine Market, Market Analysis, 2000–2020 124 7.8.1 Saudi Arabia, Overview 124 7.8.2 Saudi Arabia, Steam Turbine Market, Market Size and Growth Analysis, 2000–2020 126 7.8.3 Saudi Arabia, Steam Turbine Market, Revenue Analysis and Forecast, 2000–2020 129 7.8.4 Saudi Arabia, Steam Turbine Market, Market Share Analysis by Capacity, 2011 131 7.8.5 Saudi Arabia, Steam Turbine Market, Pricing Analysis, 2000–2020 133 7.8.6 Saudi Arabia, Steam Turbine Market, Regulations 135 7.9 South Korea, Steam Turbine Market, Market Analysis, 2000–2020 136 7.9.1 South Korea, Overview 136 7.9.2 South Korea, Steam Turbine Market, Market Size and Growth Analysis, 2000–2020 138 7.9.3 South Korea, Steam Turbine Market, Revenue Analysis and Forecast, 2000–2020 141 7.9.4 South Korea, Steam Turbine Market, Market Share Analysis by Capacity, 2011 143 7.9.5 South Korea, Steam Turbine Market, Pricing Analysis, 2000–2020 144 7.9.6 South Korea, Steam Turbine Market, Regulations 146 7.10 The US, Steam Turbine Market, Market Analysis, 2000–2020 148 7.10.1 The US, Overview 148 7.10.2 The US, Steam Turbine Market, Market Size and Growth Analysis, 2000–2020 149 7.10.3 The US, Steam Turbine Market, Revenue Analysis and Forecast, 2000–2020 153 7.10.4 The US, Steam Turbine Market, Market Share Analysis by Capacity, 2011 155 7.10.5 The US, Steam Turbine Market, Pricing Analysis, 2000–2020 157 7.10.6 The US, Steam Turbine Market, Regulations 159 8 Global, Steam Turbine Market, Key Players, SWOT Analysis 162 8.1 Global, Steam Turbine Market, Leading Player: Shanghai Electric Group Company 162 8.1.1 Shanghai Electric Group, Company Overview 162 8.1.2 Shanghai Electric Group, Business Description 162 8.1.3 Shanghai Electric Group, SWOT Analysis 163 8.2 Global, Steam Turbine Market, Leading Player: Dongfang Electric Corporation Ltd. 167 8.2.1 Dongfang Electric Corporation, Company Overview 167 8.2.2 Dongfang Electric Corporation, Business Description 167 8.2.3 Dongfang Electric Corporation, SWOT Analysis 168 8.3 Global, Steam Turbine Market, Leading Player: Harbin Power Equipment Company Limited 171 8.3.1 Harbin Power Equipment Company Limited, Company Overview 171 8.3.2 Harbin Power Equipment Company Limited, Business Description 171 8.3.3 Harbin Power Equipment Company Limited, SWOT Analysis 172 8.4 Global, Steam Turbine Market, Leading Player: Bharat Heavy Electricals Ltd. 175 8.4.1 Bharat Heavy Electricals Ltd., Company Overview 175 8.4.2 Bharat Heavy Electricals Ltd., Business Description 175 8.4.3 Bharat Heavy Electricals Ltd., SWOT Analysis 176 9 Appendix 180 9.1 Definitions 180 9.1.1 Power 180 9.1.2 Installed Capacity 180 9.1.3 Electricity Generation 180 9.1.4 Electricity Consumption 180 9.1.5 Thermal Power 180 9.1.6 Hydro Power 180 9.1.7 Nuclear Power 180 9.1.8 Renewable Energy Resources 180 9.1.9 Repowering 180 9.1.10 Market Size 180 9.2 Abbreviations 181 9.3 Bibliography 182 9.4 Methodology 183 9.5 Coverage 183 9.6 Secondary Research 183 9.7 Primary Research 184 9.8 Modeling and Forecasting 184 9.9 Contact Us 184 9.10 Disclaimer 184

1.1 List of Tables Table 1: Thermal Energy, Global, Installed Capacity by Country (%), 2011 11 Table 2: Power Industry, Global, Cumulative Installed Capacity (MW), 2000–2020 15 Table 3: Power Industry, Global, Power Generation (GWh), 2000–2020 17 Table 4: Thermal Power Industry, Global, Installed Capacity (MW), 2000–2020 19 Table 5: Global, Thermal Power Industry, Power Generation (GWh), 2000–2020 21 Table 6: Steam Turbine Market, Global, Units Sold, 2000–2020 23 Table 7: Steam Turbine Market, Global, Revenues ($m), 2000–2020 25 Table 8: Steam Turbine Market, Global, Market Shares (%), 2011 27 Table 9: Proven Coal Reserves, Global, Country Shares (%), 2010 29 Table 10: Power Industry, Global, Power Consumption (GWh), 2000–2020 31 Table 11: Global, Clean Energy Investments, 2004–2010 34 Table 12: Cumulative Installed Capacity, Australia, Installed Capacity by Fuel Type (%), 2011 35 Table 13: Steam Turbine Market, Australia, Leading Planned Power Plants, 2012-2020 37 Table 14: Steam Turbine Market, Australia, Units Sold, 2000–2020 39 Table 15: Steam Turbine Market, Australia, Revenues ($m), 2000–2020 41 Table 16: Steam Turbine Market, Australia, Average Price ($/kW), 2000–2020 43 Table 17: Cumulative Installed Capacity, China, Installed Capacity by Fuel Type (%), 2011 46 Table 18: Steam Turbine Market, China, Leading Planned Power Plants, 2012-2020 48 Table 19: Steam Turbine Market, China, Units Sold, 2000–2020 51 Table 20: Steam Turbine Market, China, Revenues ($m), 2000–2020 54 Table 21: Steam Turbine Market, China, Market Share by Capacity (%), 2004-2009 55 Table 22: Steam Turbine Market, China, Units and Capacity Contracted, 2010 55 Table 23: Steam Turbine Market, China, Market Share by Capacity (%), 2010 56 Table 24: Steam Turbine Market, China, Average Price ($/kW), 2000–2020 58 Table 25: Cumulative Installed Capacity, Germany, Installed Capacity by Fuel Type (%), 2011 62 Table 26: Steam Turbine Market, Germany, Leading Planned Power Plants 63 Table 27: Steam Turbine Market, Germany, Units Sold, 2000–2020 66 Table 28: Steam Turbine Market, Germany, Revenues ($m), 2000–2020 68 Table 29: Steam Turbine Market, Germany, Market Share by Capacity (%), 2004-2011 69 Table 30: Steam Turbine Market, Germany, Average Price ($/kW), 2000–2020 71 Table 31: Cumulative Installed Capacity, India, Installed Capacity by Fuel Type (%), 2011 76 Table 32: Steam Turbine Market, India, Units Sold, 2000–2020 78 Table 33: Steam Turbine Market, India, Revenues ($m), 2000–2020 81 Table 34: Steam Turbine Market, India, Market Share by Capacity (%), 2011 83 Table 35: Steam Turbine Market, India, Average Price ($/kW), 2000–2020 84 Table 36: Cumulative Installed Capacity, Indonesia, Installed Capacity by Fuel Type (%), 2011 87 Table 37: Steam Turbine Market, Indonesia, Leading Planned Power Plants 89 Table 38: Steam Turbine Market, Indonesia, Units Sold, 2000–2020 91 Table 39: Steam Turbine Market, Indonesia, Revenues ($m), 2000–2020 93 Table 40: Steam Turbine Market, Indonesia, Market Share by Capacity (%), 2004-2011 94 Table 41: Steam Turbine Market, Indonesia, Average Price ($/kW), 2000–2020 96 Table 42: Cumulative Installed Capacity, Italy, Installed Capacity by Fuel Type (%), 2011 98 Table 43: Steam Turbine Market, Italy, Leading Planned Power Plants 100 Table 44: Steam Turbine Market, Italy, Units Sold, 2000–2020 102 Table 45: Steam Turbine Market, Italy, Revenues ($m), 2000–2020 105 Table 46: Steam Turbine Market, Italy, Average Price ($/kW), 2000–2020 108 Table 47: Cumulative Installed Capacity, Russia, Installed Capacity by Fuel Type (%), 2011 111 Table 48: Steam Turbine Market, Russia, Planned Power Plants 113 Table 49: Steam Turbine Market, Russia, Units Sold, 2000–2020 116 Table 50: Steam Turbine Market, Russia, Revenues ($m), 2000–2020 119 Table 51: Steam Turbine Market, Russia, Market Share by Capacity (%), 2011 121 Table 52: Steam Turbine Market, Russia, Average Price ($/kW), 2000–2020 122 Table 53: Cumulative Installed Capacity, Saudi Arabia, Installed Capacity by Fuel Type (%), 2011 125 Table 54: Steam Turbine Market, Saudi Arabia, Leading Planned Power Plants 126 Table 55: Steam Turbine Market, Saudi Arabia, Units Sold, 2000–2020 128 Table 56: Steam Turbine Market, Saudi Arabia, Revenues ($m), 2000–2020 130 Table 57: Steam Turbine Market, Saudi Arabia, Market Share by Capacity (%), 2004-2010 131 Table 58: Steam Turbine Market, Saudi Arabia, Market Share by Capacity (%), 2011 132 Table 59: Steam Turbine Market, Saudi Arabia, Average Price ($/kW), 2000–2020 134 Table 60: Cumulative Installed Capacity, South Korea, Installed Capacity by Fuel Type (%), 2011 137 Table 61: Steam Turbine Market, South Korea, Units Sold, 2000–2020 140 Table 62: Steam Turbine Market, South Korea, Revenues ($m), 2000–2020 142 Table 63: Steam Turbine Market, South Korea, Market Share by Capacity (%), 2011 143 Table 64: Steam Turbine Market, South Korea, Average Price ($/kW), 2000–2020 145 Table 65: Power Market, South Korea, Expenditure on Green Growth ($bn), 2009–2013 147 Table 66: Cumulative Installed Capacity, The US, Installed Capacity by Fuel Type (%), 2011 148 Table 67: Steam Turbine Market, The US, Leading Planned Power Plants 150 Table 68: Steam Turbine Market, The US, Units Sold, 2000–2020 152 Table 69: Steam Turbine Market, The US, Revenues ($m), 2000–2020 154 Table 70: Steam Turbine Market, The US, Market Share by Capacity (%), 2004-2010 155 Table 71: Steam Turbine Market, The US, Market Share by Capacity (%), 2011 156 Table 72: Steam Turbine Market, The US, Average Price ($/kW), 2000–2020 158 Table 73: Shanghai Electric Group Company Ltd., SWOT Analysis 163 Table 74: Dongfang Electric Corporation Ltd., SWOT Analysis 168 Table 75: Bharat Heavy Electricals Ltd., SWOT Analysis 176 Table 76: Abbreviations 181
1.2 List of Figures Figure 1: Thermal Energy, Global, Installed Capacity by Country (%), 2011 10 Figure 2: Steam Turbine Function 12 Figure 3: Gas Turbine Function 12 Figure 4: Power Industry, Global, Cumulative Installed Capacity (MW), 2000–2020 14 Figure 5: Power Industry, Global, Power Generation (GWh), 2000–2020 16 Figure 6: Thermal Power Industry, Global, Installed Capacity (MW), 2000–2020 18 Figure 7: Thermal Power Industry, Global, Power Generation (GWh), 2000–2020 20 Figure 8: Steam Turbine Market, Global, Units Sold, 2000–2020 22 Figure 9: Steam Turbine Market, Global, Revenues ($m), 2000–2020 24 Figure 10: Steam Turbine Market, Global, Market Shares by Capacity (%), 2011 27 Figure 11: Proven Coal Reserves, Global, Country Shares (%), 2010 28 Figure 12: Power Industry, Global, Power Consumption (GWh), 2000–2020 30 Figure 13: Steam Turbine Market, Global, Drivers, 2012–2020 32 Figure 14: Global, Clean Energy Investments, 2004–2010 33 Figure 15: Steam Turbine Market, Global, Restraints, 2012–2020 34 Figure 16: Cumulative Installed Capacity, Australia, Installed Capacity by Fuel Type (%), 2011 35 Figure 17: Steam Turbine Market, Australia, Units Sold, 2000–2020 38 Figure 18: Steam Turbine Market, Australia, Revenues ($m), 2000–2020 40 Figure 19: Steam Turbine Market, Australia, Average Price ($/kW), 2000–2020 42 Figure 20: Cumulative Installed Capacity, China, Installed Capacity by Fuel Type (%), 2011 46 Figure 21: Steam Turbine Market, China, Units Sold, 2000–2020 50 Figure 22: Steam Turbine Market, China, Revenues ($m), 2000–2020 53 Figure 23: Steam Turbine Market, China, Market Share by Capacity (%), 2010 56 Figure 24: Steam Turbine Market, China, Average Price ($/kW), 2000–2020 57 Figure 25: Cumulative Installed Capacity, Germany, Installed Capacity by Fuel Type (%), 2011 62 Figure 26: Steam Turbine Market, Germany, Units Sold, 2000–2020 65 Figure 27: Steam Turbine Market, Germany, Revenues ($m), 2000–2020 67 Figure 28: Steam Turbine Market, Germany, Average Price ($/kW), 2000–2020 70 Figure 29: Cumulative Installed Capacity, India, Installed Capacity by Fuel Type (%), 2011 75 Figure 30: Steam Turbine Market, India, Units Sold, 2000–2020 77 Figure 31: Steam Turbine Market, India, Revenues ($m), 2000–2020 80 Figure 32: Steam Turbine Market, India, Market Share by Capacity (%), 2011 82 Figure 33: Steam Turbine Market, India, Average Price ($/kW), 2000–2020 83 Figure 34: Cumulative Installed Capacity, Indonesia, Installed Capacity by Fuel Type (%), 2011 87 Figure 35: Steam Turbine Market, Indonesia, Units Sold, 2000–2020 90 Figure 36: Steam Turbine Market, Indonesia, Revenues ($m), 2000–2020 92 Figure 37: Steam Turbine Market, Indonesia, Average Price ($/kW), 2000–2020 95 Figure 38: Cumulative Installed Capacity, Italy, Installed Capacity by Fuel Type (%), 2011 98 Figure 39: Steam Turbine Market, Italy, Units Sold, 2000–2020 101 Figure 40: Steam Turbine Market, Italy, Revenues ($m), 2000–2020 104 Figure 41: Steam Turbine Market, Italy, Average Price ($/kW), 2000–2020 107 Figure 42: Cumulative Installed Capacity, Russia, Installed Capacity by Fuel Type (%), 2011 111 Figure 43: Steam Turbine Market, Russia, Units Sold, 2000–2020 115 Figure 44: Steam Turbine Market, Russia, Revenues ($m), 2000–2020 118 Figure 45: Steam Turbine Market, Russia, Market Share by Capacity (%), 2011 120 Figure 46: Steam Turbine Market, Russia, Average Price ($/kW), 2000–2020 121 Figure 47: Cumulative Installed Capacity, Saudi Arabia, by Type of Power Plant (%), 2011 124 Figure 48: Steam Turbine Market, Saudi Arabia, Units Sold, 2000–2020 127 Figure 49: Steam Turbine Market, Saudi Arabia, Revenues ($m), 2000–2020 129 Figure 50: Steam Turbine Market, Saudi Arabia, Market Share by Capacity (%), 2011 132 Figure 51: Steam Turbine Market, Saudi Arabia, Average Price ($/kW), 2000–2020 133 Figure 52: Cumulative Installed Capacity, South Korea, Installed Capacity by Fuel Type (%), 2011 136 Figure 53: Steam Turbine Market, South Korea, Units Sold, 2000–2020 139 Figure 54: Steam Turbine Market, South Korea, Revenues ($m), 2000–2020 141 Figure 55: Steam Turbine Market, South Korea, Market Share by Capacity (%), 2011 143 Figure 56: Steam Turbine Market, South Korea, Average Price ($/kW), 2000–2020 144 Figure 57: Cumulative Installed Capacity, The US, Installed Capacity by Fuel Type (%), 2011 148 Figure 58: Steam Turbine Market, The US, Units Sold, 2000–2020 151 Figure 59: Steam Turbine Market, The US, Revenues ($m), 2000–2020 153 Figure 60: Steam Turbine Market, The US, Market Share by Capacity (%), 2011 156 Figure 61: Steam Turbine Market, The US, Average Price ($/kW), 2000–2020 157

Shanghai Electric Group Company Dongfang Electric Corporation Ltd. Harbin Power Equipment Company Limited Bharat Heavy Electricals Ltd.