Japan Combined Cycle Steam Turbine Market was valued at USD 3 Billion in 2022 and is projected to reach USD 4.5 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
Japan's energy sector has undergone a significant transformation in recent decades, with combined cycle steam turbine (CCST) technology playing a pivotal role in enhancing power generation efficiency and meeting industrial demands.
CCST systems integrate gas and steam turbines to utilize waste heat, achieving thermal efficiencies surpassing traditional methods. For instance, the Nishi-Nagoya Thermal Power Station Unit 7-1 achieved a world record efficiency of 63.08% in 2018. citeturn0search23
Major projects exemplify Japan's commitment to CCST technology. The Anegasaki Thermal Power Station, operated by JERA Power Anegasaki, is replacing aging units with three 650 MW-class gas turbine combined cycle facilities. These units, featuring advanced M701JAC gas turbines, are scheduled to begin operations from early 2023, collectively adding 1,950 MW to the grid. citeturn0search0
The Futtsu Combined-Cycle Plant, located in Chiba Prefecture, stands as one of the world's largest natural gas-fired power stations, with a total output of 5,040 MW. Its fourth combined-cycle plant employs GE's advanced H system, achieving a thermal efficiency of 58.6%. This system operates at a high turbine inlet temperature of 1,430°C, contributing to reduced greenhouse gas emissions. citeturn0search3
Industries in Japan are increasingly adopting CCST technology to meet stringent environmental regulations and rising energy demands. The advantages of CCST systems include: - **High Thermal Efficiency**: Achieving efficiencies of at least 64%, CCST systems outperform conventional coal-fired plants. - **Environmental Benefits**: Lower COâ‚‚ emissions, with reductions of approximately 50% compared to traditional methods. - **Operational Flexibility**: Wide output ranges from 30 MW to over 1,300 MW, accommodating varying industrial energy needs.
Incorporating CCST technology aligns with Japan's commitment to sustainable energy practices, offering reliable and efficient power solutions for its industrial sectors.
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Nanjing Turbine & Elecric Machinery
Soar Power Group
GE
Siemens
OEM
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Combined Cycle Steam Turbine Market
Below 50 MW
50 MW to 150 MW
150 MW to 300 MW
Above 300 MW
Natural Gas
Coal
Oil
Others
Power Generation
Industrial
Others
Gas Turbine
Steam Turbine
Heat Recovery Steam Generator (HRSG)
Generator
Others
Utilities
Industrial Sector
Oil & Gas
Chemical & Petrochemical
Others
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Combined Cycle Steam Turbine Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Combined Cycle Steam Turbine Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Combined Cycle Steam Turbine Market, By Type
6. Japan Combined Cycle Steam Turbine Market, By Application
7. Japan Combined Cycle Steam Turbine Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Combined Cycle Steam Turbine Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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