Steam Turbine Market, By Capacity (Up to 150 MW, 151 MW to 300 MW, More than 300 MW), By End Use (Power & Utility, Industrial), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Published In : May 2023

Code : CMI5731

Pages :138

Formats :

Excel and PDF

Industry : Energy

Regional Analysis

Global Steam Turbine Market: Regional Insights

Based on geography, the global steam turbine market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Asia Pacific is predicted to lead the global steam turbine market during the forecast period, as it has a high population and is the world's manufacturing hub. The region is expected to benefit from increasing demand for electricity, which will spur government and private investments in power generation.

Europe is also expected to witness moderate growth in the steam turbine market during the forecast period, owing to the shift in focus from traditional energy sources towards renewables. This is expected to result in the expansion of power generation facilities using advanced technologies and new turbine designs.

North America: U.S. and Canada
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East