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Steam turbine Market Key industry players operating comprises Harbin Turbine, Siemens, Kawasaki Heavy Industries, Toshiba, Bharat Heavy Electricals Limited, Mitsubishi Hitachi Power Systems, Man Diesel & Turbo, Doosan Skoda Power, TurboTech and Mitsui

12-15-2018 07:44 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Steam turbine Market Key industry players operating comprises

Steam Turbine Market size is set to exceed USD 32 Billion by 2024, as reported in the latest study by Global Market Insights, Inc.

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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Growing inclination toward the adoption of energy efficient technologies along with regulatory norms to reduce carbon footprint will stimulate the market growth. Growing demand for reliable electricity along with positive outlook toward the adoption of combined cycle technology will further drive the industry growth. However, reduced investments across the coal fired systems and stringent government measures to reduce dependence on fossil fuel fired power generation may hamper the industry growth.

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

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