Several advancements are taking place to improve the thermal efficiency of power plant systems, which involve enhancing characteristics such as temperature and pressure of steam. Moreover, with growing electricity requirements, the demand for steam turbines is expected to increase simultaneously, thus contributing to the growth of the global market. The steam turbine market was valued …
Continue reading “Steam Turbine Market to Witness Huge Growth by 2032”
The global steam turbine market size was valued at $15.5 billion in 2020, and projected to reach $21.3 billion by 2030, with a CAGR of 3.3% from 2021 to 2030. Steam turbine is a mechanical equipment, which operates by using a heat sources such as gas, coal, nuclear, or solar to heat water to extremely high …
According to the report published, the global steam turbine market was estimated at $24.1 billion in 2019 and is expected to hit at $30.2 billion by 2027, registering a CAGR of 2.8% from 2020 to 2027. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size …