Energy and Power - Case Study 3

Requirement

An established equipment and machinery company from the U.S. was interested in the global steam turbine market and its regional growth prospects. The client was also involved in the analysis of power generation trends around the globe.

Solution

Analysis of Basic Market Dynamics

We initiated the report with secondary research to gain insights into market dynamics, drivers, restraints, opportunities, regional power generation trends, industrial power generation plants, and competitive analysis.  

Data Collection and Validation through Extensive Primary Research

In the next step, we continued with primary data collection through extensive interviews with industry experts working in similar fields. Later, market sizing and growth trends for each country were revalidated, and company market shares were estimated.

Additional Customization: A Separate Section on Global Power Generation Outlook

In line with client requirements, a dedicated study on power generation trends was provided with the report. The section comprises country-wise power generation trends, alternative ways of power generation, energy demand/consumption analysis, and regulatory framework.

Market Estimates and Forecasts

The report provided detailed insights into the steam turbine market at a country level for the duration of 2014–2028. The historical data and sales data of leading steam turbine manufacturers were estimated using primary insights. The forecast was derived from the data triangulation method, consisting of top-down, bottom-up, and company market share analysis. The manufacturer modified its operational process based on our recommendations, optimized its supply chain network, and reduced procurement costs.

Conclusion

The report on the global steam turbine market helped the client understand the market trends, country-level power generation capacity through steam turbines, growth drivers, competitive intensity, and detailed market estimations and forecast till 2028.