Steam Turbine Market: Global Outlook, Key Developments, And Market Share Analysis | 2023-28

The steam turbine market is estimated to grow from USD 15.53 billion in 2022 to USD 18.17 billion by 2028 at a CAGR of 2.60% during the forecast period. The demand for steam turbines is driven by increasing industrialization and urbanization in developing countries that use steam turbines in the petrochemical, pulp and paper, and cement industries.