Steam Turbine Market Projected to Grow at a Steady Pace During 2022-2028

Reportsbyjames22 Mar, 2023Miscellaneous

The steam turbine market was estimated to grow from USD 15.94 billion in 2021 to USD 20.29 billion by 2028 at a CAGR of over 2.5% during the forecast period. The market is driven by a host of factors, some of which are noted below: The use of steam turbines for power generation has seen a significant increase in demand with the growing demand for electricity in developed as well as developing countries.

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