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Monday, August 30, 2021

Steam Turbine Market is expected to reach $33.8 billion by 2025- An exclusive market research report by Lucintel

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 $33.8 billion by 2025 with a CAGR of 5.7%. In this market, coal is the largest segment by plant fuel, whereas 600 MW and above is largest by turbine size. The 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 is accounted for the largest share of the market in 2020 as 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 and nuclear is expected to register the highest CAGR during the forecast period.

Browse in-depth TOC on “Steam Turbine Market”

76 – Tables

126 – Figures

162 – 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 and others.

Request Sample Report:

https://www.lucintel.com/steam-turbine-market-for-power-generation.aspx

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 helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: 
brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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