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Asia Pacific Steam Turbine Market Size
- Report ID: GMI5819
- Published Date: Nov 2024
- Report Format: PDF
Asia Pacific Steam Turbine Market Size
Asia Pacific Steam Turbine Market was valued at USD 18.8 billion in 2024 and is estimated to grow at a CAGR of 3.1% from 2025 to 2034. The robust expansion of industrial infrastructure along with growing initiatives to bridge the demand-supply gap will escalate the industry landscape. Increased investments by public & private sectors in establishing supercritical and ultra-supercritical thermal plants coupled with the adoption of geothermal energy will significantly boost the business outlook.
A steam turbine is a device that converts thermal energy from high-pressure steam into mechanical energy, which can be used to power machinery or generate electricity. It features a rotor assembly equipped with multiple blades connected to a shaft. These turbines are widely utilized in power plants and industrial operations requiring substantial mechanical energy. Growing investments in large-scale thermal power projects, coupled with supportive regulations focused on reducing carbon emissions will drive the growth of the industry.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Asia Pacific Steam Turbine Market Size in 2024: | USD 18.8 Billion |
| Forecast Period: | 2025 to 2034 |
| Forecast Period 2025 to 2034 CAGR: | 3.1% |
| 2034 Value Projection: | USD 24.6 Billion |
| Historical Data for: | 2021 – 2024 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 8 |
| Segments covered: | Design, Exhaust, End Use, Capacity, Technology and Country |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
Asia Pacific Steam Turbine Market Scope
