The latest report titled “Steam Production Cost” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of the Steam.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Steam production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Steam Production Process:
- Steam Production From Water: This report provides the cost structure of steam production from water. The process comprises the addition of heat energy at standard pressure in the water, causing the water to boil and reach a temperature of around 100°C while evaporating. This evaporated water is known as steam. Industrially, steam is produced in industrial boilers, mainly those used for boiling water for steam generation.
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Product Definition:
Steam is water that has been transformed into a gaseous state by undergoing boiling via evaporation. Steam obtained from the evaporation process is a by-product of water which is not visible or saturated. The standard process for steam production is heating a boiler and burning coal or other fuels (also modern-day solar energy), which heats water upto 100 degrees Celsius, producing steam. The required energy for steam production is referred to as the enthalpy of vaporisation, which expands by 1,700 times by volume at standard pressure and temperature. Every litre of heated water grows to give out around 1600 litres of steam.
Read Also – https://cityoftips.com/2023/06/14/sodium-cyanide-production-cost-analysis/
Market Drivers:
The market for steam is propelling rapidly due to the increasing demand for electricity. Furthermore, different types of steam, including coal, gas, electricity, and oil etc., are used in electrical machinery and equipment due to the development of industrialisation, which is furthering the market’s growth. In addition, it is employed in nuclear reactors, coal-fired power plants, as well as solar thermal power plants, which is furthering its market expansion. Also, it is the primary energy source for generating electricity as it is used for spinning a turbine which is further bolstering the market’s advancement.
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