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Home   Machinery and Equipment    Steam and Vapour Turbines

Steam and Vapour Turbines

Global demand for steam and vapour turbines is forecast to expand 2.9% p.a. between 2016 and 2020. Currently, turbines for marine propulsion account for 1.3% of the global demand while the remaining market share is divided between other steam and vapour turbines (output less than 40 MW) (17.2%), other steam and vapour turbines (output more than 40 MW) (10.9%) and parts of steam and vapour turbines (70.5%).

China, India, Latvia, Portugal and Spain are considered the highest potential markets in the coming years. China, India, Japan, South Korea and the United States represent the largest steam and vapour turbine markets while the strongest annual growth is forecast to occur in Portugal (33.6%), Latvia (32.1%), Spain (19.0%), India (12.7%) and Sweden (12.5%).

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