conventional energy resources with renewables. Steam Turbine Market is classified, by type into
Steam Cycle Type Turbines (Conventional thermal, Nuclear Power Plants), Combined Cycle Type
Turbines, Cogeneration Cycle Type Turbines, and others.
Steam Cycle Type Turbines segment accounted for the largest market share of overall Steam Turbine
Industry Market and is expected to remain dominant over the forecast period. This is because these
turbines are widely used by consumers. On the other hand, combined cycle type turbines are growing
at fastest pace over the forecast period. The reason being growing demand from combined cycle
power plants, as natural gas fired power generation an alternative to cleanest fossil fuel.
Steam Turbine Market is classified, by plant fuel into Nuclear, Coal, and Gas. The coal segment is
expected to grow at fastest pace over the forecast period. The reason being, the coal fired power
generation is the most affordable option for emerging countries in the world, especially in Asia Pacific,
adequate supply of coal to use as a fuel. Steam Turbine Market is classified, by design into Reaction
Steam Technology, Impulse Steam Technology, and others.
Impulse steam technology segment expected to grow gradually over the forecast period. This is
mainly due to its increasing use in marine propulsion and power generation. Whereas, reaction steam
technology is projected to grow substantially during the forecast period. The reason being, increasing
importance of proficient combined cycle and waste to energy electricity generation.
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Steam Turbine Market is classified, by capacity into>750 MW, 352-750 MW, 121-350 MW, <120 MW.
Steam Turbine Market is classified, by exhaust type into Non-condensing and Condensing. Steam
Turbine Market is classified, by application into Industrial, Power & Utility, and others.
Power & Utility segment accounted for the largest market share of the Steam Turbine Industry Market
and is expected to remain dominant over the forecast period. The reason being, steam turbine units
can be paired with any combustion fuel such as coal. On the other hand, industrial applications are
expected to grow at fastest pace in the form of CHP units, that gives superior efficacy than the single
unit and produce outputs in numerous ways.
Steam Turbine Market is segmented, geographically into North America, Europe (Eastern Europe,
Western Europe), Asia Pacific, Latin America, Middle East and Africa. Globally, Asia Pacific regional