Steam Turbine Market Size Was Valued over USD 28 Billion in 2017 and the Annual Capacity Is Anticipated to Exceed 120 GW by 2024
Increasing investments toward large scale thermal power plants coupled with stringent regulatory norms to promote sustainable fuels including natural gas and biomass will foster the steam turbine market share. In addition, the growing inclination toward efficient utilization of energy will further propel the industry growth. In 2016, as per EIA, the combined cycle capacity has increased by 14% in last five years in the U.S.
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