Global steam turbine market to grow to USD19 b in 2020
(MENAFN) The global steam turbine market is expected to grow significantly and reach USD19 billion in 2020 compared to the current USD14.1 billion, according to Saudi Gazette.
The global huge increasing demand on electricity, after the economic development and the growing global population, has helped increasing the steam turbine market.
Power consumption is expected to boost from 19,133.2 terawatt-hours (TWh) in 2012 to 25,747.1 TWh by 2020, at a CAGR of 4.3 percent.
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