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Australia steam generators market valued at A$3.7Bn in 2010

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PR-Inside.com: 2014-04-01 18:13:02
The Australian steam generators market increased in value by net 39% during the review period, with a decade of consistent growth excluding two years. The steam generators market in Australia was valued at A$2.7 billion in 2000.

With an average 4% annual growth during the review period it expanded to A$3.7 billion in 2010. The market is highly dependent on the performance of the country´s economy in general. Consequently, it experienced a slowdown during the economic downturn at the end of the review period.

A 13% drop from the previous year was registered in 2009. However, in 2010 the market responded to recovering demand and started to grow again, albeit by just 1%. The major share of the demand is accounted for by capital purchases, with these accounting for a share of 56% in 2010. Other business buyers´ value share increased by two percentage points since 2000 to account for 43% of total sales in 2010. To a major extent, demand is created by power generating plants.

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