Steam Turbine Market for Power Generation Is Expected to Reach an Estimated $18.5 Billion by 2021
According to a new market report published by Lucintel, the future of the global steam turbine market looks good with opportunities in coal-fired, gas-fired, and nuclear energy based power generation. The global steam turbine market for power generation is expected to reach an estimated $18.5 billion by 2021 at a CAGR of 2.3% during the forecast period from 2016 to 2021. The major drivers for the growth of this market are growing global electricity demand and relatively lower cost of...
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