【English Market Research Report】World Market for Steam Turbines
Product ID: 1458140 Publisher: SkyQuest
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The global steam turbine market size was valued at 16.27 billion USD in 2022, with a projected CAGR of 2.5% during the forecast period (2024-2031), expected to grow from 16.68 billion USD in 2023 to 20.32 billion USD by 2031. The increase in nuclear power plant operations is expected to alleviate energy shortages, leading to a rise in demand for steam generation turbines in the coming years. By 2022, the United States is predicted to surpass Canada and become the largest market in North America. One of the main factors driving the surge in steam turbine demand is the expansion of natural gas combined cycle power plants, known for their reliability in energy supply. U.S. policymakers are actively promoting the establishment of sustainable energy production facilities, which is likely to further stimulate steam turbine installations in the country. The U.S. government's focus on fostering energy-efficient and environmentally sustainable power generation facilities is also contributing to the increase in combined heat and power (CHP) systems.
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Publication Date: March 24, 2024 Publisher: SkyQuest Page Information: English 202 Pages Table of Contents Executive Summary Research Methodology Analysis of the Parent Market Key Market Insights Market Dynamics and Outlook Global Steam Turbine Market: By Capacity Global Steam Turbine Market: By End Use Global Steam Turbine Market Size: By Region Competitive Landscape Major Company Profiles *The table of contents and prices of this report are as of the time of publication. Please contact us for the latest information.*
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Market research reports are informational documents systematically describing market size and trends, based on investigations and analyses of market and technological trends conducted by overseas research publishing companies. In addition to quantitative data such as market trend analysis and future forecasts, they also include information on the strategies of various companies and profiles of entering firms, which our customers utilize as part of their research on overseas markets and new technologies.
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