Press release
Global Steam Turbine Market Size to exceed $32 bn By 2024 Notable players active in the global market include Kawasaki Heavy Industries, Siemens, Bharat Heavy Electricals Limited, Mitsubishi Hitachi Power Systems, Toshiba, Doosan Skoda Power and Dongfang
Rising focus toward expansion of generating capacity and resurgent economic growth across major countries will fuel the market growth. The ongoing expansion of thermal power generation along with a positive outlook toward the utilization of geothermal energy resources will boost the demand for large capacity steam turbines. Furthermore, efforts to reduce electricity supply demand gap will complement the business scenario.
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