Lucintel's latest market report analyzed that steam turbine provides attractive opportunities in coal-fired, gas-fired, and nuclear energy based power generation. The steam turbine market is expected to reach $15.1 billion by 2027 with a CAGR of 0.5%. In this market, coal is the largest segment by plant fuel, whereas 600 MW and above is largest by capacity. Development of more efficient turbines provides strategic growth path in this market.
Download Brochure of this report by clicking on https://www.lucintel.com/steam-turbine-market-for-power-generation.aspx Based on plant fuel, the steam turbine market is segmented into coal, gas, and nuclear. The coal segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to abundance in the availability of coal and lower cost of generating electricity through coal-fired power plants is likely to drive this segment over the forecast period.
Browse in-depth TOC on “Steam Turbine Market”
68 – Tables
107 – Figures
205 – Pages
The Steam Turbine Market is marked by the presence of several big and small players. Some of the prominent players offering steam turbine include Shanghai Electric Group, Dongfang Turbine Co Ltd., Harbin Turbine Co. Ltd., Siemens, BHEL, General Electric, and Toshiba.
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