Global Steam Turbines Market Insights and Forecast to 2027

A steam turbine is a device that extracts thermal energy from pressurized steam and uses it to do mechanical work on a rotating output shaft.
Because the turbine generates rotary motion, it is particularly suited to be used to drive an electrical generator. About 90% of all electricity generation in the United States in the year 1996 was by use of steam turbines.

Market Analysis and Insights: Global Steam Turbines Market
The global Steam Turbines market is valued at US$ 6120.4 million in 2019. The market size will reach US$ 6800.7 million by the end of 2026, growing at a CAGR of 1.5% during 2021-2026.

Global Steam Turbines Scope and Segment
Steam Turbines market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Steam Turbines market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
Steam Cycle
Combined Cycle

Segment by Application
Coal
Nuclear
Biomass
Others

By Company
Alstom
Siemens
Toshiba
Mitsubishi Hitachi Power Systems
Eliott
Ansaldo Energia
Shanghai Electric
Dongfang Electric
Harbin Electric
Doosan Skoda Power
Bharat Heavy Electricals
Fuji Electric
Man Diesel & Turbo

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E