Research and Markets: Turbine Market in South Africa 2015-2019 - Huge Potential for Coal Resources, Rising Costs Delay Power Plant Operations & Implementation of Carbon Tax
Research and Markets (http://www.researchandmarkets.com/research/jslmgm/turbine_market_in)
has announced the addition of the "Turbine
Market in South Africa 2015-2019" report to their offering.
The Turbine market to grow at a CAGR of 4.3% over the period 2014-2019.
The report, Turbine Market in South Africa 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.
The report includes the present scenario and the growth prospects of the
turbine market in South Africa for the period 2015-2019. Based on type,
the market can be segmented into three: steam, gas, and CCGT.
According to the report, we estimate South Africa's coal reserves at 53
billion tons. It is estimated that more than 85% of the overall thermal
power plants in the country run on coal as the primary fuel, and around
93% of the country's overall electricity was produced by using
coal-fired power plants. South Africa produces an average of 224 million
tons of coal annually, which makes it the fifth-largest producer of coal
in the world. The country was the third largest exporter of coal in 2013
and exported almost 25% of the overall production. Its coal reserves are
estimated at 53 billion tons.
Coal is the major fuel used in producing electricity, around 93% of the
overall electricity was produced by using coal-fired power plants. Given
the vast availability of coal resources, the country had installed huge
coal-fired power plants with a capacity of more than 3 GW. The
availability of coal prompts the installation of more power plants in
the country, which in turn drives the market for steam turbines.
Further, the report states that one of the main challenges hindering the
growth of the market are the rising costs delay power plant operations.
Other Prominent Vendors
For more information visit http://www.researchandmarkets.com/research/jslmgm/turbine_market_in
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Copyright Business Wire 2015
Source: Business Wire
(September 30, 2015 - 4:15 AM EDT)
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