Steam Turbine Market Is Likely To Up Demand At A USD 19.5 Billion By 2030
San Francisco, 15 June 2022: The Report Steam Turbine Market Size, Share & Trends Analysis Report By Capacity (<150 MW, 151 - 300 MW, >300 MW), By End-use (Power & Utility, Industrial), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecast, 2022 - 2030 The global steam turbine market size is expected to reach USD 19.5 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 2.3% from 2022 to 2030. The increasing deployment of combined heat and power (CHP) units in industrial and utility applications will boost market growth. Steam engines form an integral part of thermal power plants operating across the world. However, with increasing environmental concerns, the focus has been shifted from coal-fired thermal power stations to clean energy sources, including natural gas, fuel cells, and renewable energy generation plants. The growth of Industrial segment of the market can be attributed to