Steam Turbine Market is expected to reach $15.1 Billion by 2027 – An exclusive market research report by Lucintel

August 30 20:42 2022
Steam Turbine Market is expected to reach $15.1 Billion by 2027 - An exclusive market research report by Lucintel
Trends and Forecast for the Global Steam Turbine Market
Trends, opportunities and forecast in steam turbine for power generation market to 2027 by plant fuel (coal, gas, and nuclear), capacity (less than 300 MW, 300 MW to 599 MW, and 600 MW and above), technology (steam cycle, combined cycle, cogeneration), and region (North America, Europe, Asia Pacific, and the Rest of the World)

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 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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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].

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