Report ID: SQMIG20E2046
Steam Turbine Market Size, Share, Growth Analysis, By Capacity(Up to 150 MW, 151 to 300 MW, and more than 300 MW), By End-use(Power & Utility, and Industrial), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20E2046 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
62 |
Figures:
75
Steam Turbine Market Regional Insights
North America led the market and is further projected to continue dominating the global market during the forecast period. In the United States, steam turbines are commonly employed in CHP applications. Unlike gas turbines & reciprocating engine CHP systems, heat is produced as a result of the power production process, heat turbine-based generators produce electricity as a byproduct of heat (steam) production. Because steam turbines employ different heat sources, they do not convert fuel to electric energy. High-pressure steam powers turbines and generators, transferring energy from boilers to turbines.
In Europe, steam turbines are often used in CHP applications. In big industrial CHP applications, extraction-condensing steam turbines are used. These turbines are used in combined-cycle plants to extract a part of the process's steam. In Europe, there are several independent power producers (IPPs) that use combined-cycle power plants that run on natural gas to deliver power to electric grids & steam to one or more industrial clients.
Steam Turbine Market Report Snapshots
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