Market Insight: Steam Turbine Market to Reach $15.7 Billion by 2023

Lucintel has announced the launch of a market research report entitled “Growth Opportunities in the Global Steam Turbine Industry.”
This market report for steam turbine identifies and predicts future opportunities for growth in the global steam turbine industry for various segments and for the various regions of North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for steam turbine in coal-fired, gas-fired, and nuclear energy based power generation.
According to our market report, the global steam turbine market is expected to reach an estimated $15.7 billion and it is forecast to grow at a CAGR of 2.1% from 2018 to 2023. Some of the dominant players in the global steam turbine market are Shanghai Electric Group, Dongfang Turbine Co Ltd., Harbin Turbine Co. Ltd., Siemens, BHEL, General Electric, and Toshiba and others.
In the steam turbine market, coal-fired, gas-fired, and nuclear energy based power generation are some of the major segments. On the basis of its comprehensive research, Lucintel forecasts that coal-fired and nuclear energy are expected to show above average growth during the forecast period from 2018 to 2023.
To read more about this report, click below:
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