Steam Turbine Market Highlights

Straits Research has published a new report titled “Global Steam Turbine Market Report 2020-2026” into its vast database of research reports. The latest report is committed to delivering an in-depth analysis of the market. Straits Research offers a high degree of accuracy, comprehensive study, and systematic research methodology to readers that have been curated by the data collected from direct and indirect sources. Besides, the forecasting patterns have been considered across different geographies where the Global Steam Turbine market growth is growing steadily. The report has studied the overall market in-depth and has extracted data from secondary sources.

The global steam turbine market was valued at USD 12.05 billion in 2018 and is expected to reach a value of USD 14.9 billion with a CAGR of 3.1% during the forecast period, 2019–2026. Market growth can be attributed to the rising adoption of combined cycle power plants (CCPP) and increase in geothermal power generation.

While studying the Steam Turbine market growth report, we also thoroughly analyzed the driving factors, development trends, restraints, challenges, and lucrative challenges to showcase the current and future market scenario. Straits Research has provided a comprehensive report that consists of the key market strategies based on the latest technologies, applications, and different geographies around the world. The industry is expected to show significant growth over the forecast period due to the increasing Steam Turbine market demand.

Competitive Analysis

GEA, U Siemens, MANA, Toshiba, Mitsubishi Hitachi Power Systems, Eliott Group, Bharat Heavy Electricals Limited, Harbin Turbine, Kawasaki Heavy Industries, TurboTech, General Electric, Mitsui, Man Diesel & Turbo, Ansaldo Energia, Fuji Electric, and Doosan Skoda Power and Dongfang.

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Market Segmentation:


By Type, Condensing,Non-Condensing
By Application,Industrial, Marine, Power Generation, Other

This report forecasts revenue growth globally, at regional, and local levels. It analyzes the most recent industry trends from 2020 to 2026 in each of the segments and sub-segments. Some of the major geographies included in the market are given below:

North America (U.S., Canada)
Europe (U.K., Germany, France, Italy)
Asia Pacific (China, India, Japan, Singapore, Malaysia)
Latin America (Brazil, Mexico)
Middle East & Africa
The report then employs market breakdown and data triangulation procedures to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The report on the Global Steam Turbine Market has been curated by analyzing the top players functioning in the market to get in-depth analysis. The report carried out a SWOT analysis, Porter’s five forces analysis, and Pestle analysis.

Some of the key points that the report covers:

A comprehensive overview of the Global Steam Turbine Market Analysis, along with the product description, summary, growth patterns, size, and share.
Analyses of the global market trends, with historical and present data about the market and the projection of compound annual growth rates (CAGRs) throughout the forecast period.
Lucrative growth opportunities and targeted promotional plans for the Global Steam Turbine Market.
Investments in research and development (R&D) activities, mergers and acquisitions (M&A), and the demand for new products and applications in the Global Steam Turbine Market.
In-depth analysis of the leading competitors functioning in the market.
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Other features of the report:

Gives a thorough analysis of the key strategies with a focus on the corporate structure, R&D methods, localization strategies, production capabilities, sales, and performance in various companies.
Provides valuable insights into the product portfolio, including product planning, development, and positioning.
Analyses the role of key market players and their partnerships, mergers, and acquisitions.
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