The global steam turbine market is expected to reach approximately USD 19.21 million by the end of 2023, growing at a CAGR more than 4.2% between 2017 and 2023. Steam Turbines use thermal energy, which is the most commonly used source of energy for electricity generation, globally, and has a greater installed capacity than any other source of energy. Industrial uses such as Generators at power plants and large ships run on ... Read more
The steam turbine is a rotating mechanical device that converts thermal energy from steam into rotary mechanical energy. It comprises of different components such as rotor, stater, and a casing. Steam turbines are commonly used in power plants to generate electricity. They have various advantages such as high efficiency, reliability and availability. With growing electricity demand worldwide, there is significant need for power generation which is driving the demand for steam turbines in ... Read more
