Global Steam Turbine will cross USD 32 Billion by 2024, as reported in the latest study by Global Market Insights, Inc. Rising focus toward expansion of generating capacity and resurgent economic growth across major countries will fuel the market growth. The ongoing expansion of thermal power generation along with a positive outlook toward the utilization of geothermal energy resources will boost the demand for large capacity steam turbines. Furthermore, efforts to reduce electricity supply demand gap will complement the business scenario.
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