Global Steam Turbine Market Size, Share, Trends, Competitive Landscape, and Forecast 2026-2031 | Market to Reach $28.90 Billion as CHP and Clean Power Investments Rise

CHP adoption, waste-to-energy investment, and thermal and nuclear expansion drive demand, while APAC leads and mixed-design, high-capacity condensing turbines dominateDublin, Oct.

Skip to navigation Skip to main content Skip to right column Yahoo Finance Sign in U.S.

markets open in 2h 25m US Markets US Markets Europe Markets Asia Markets Cryptocurrencies Rates Commodities Currencies U.S.

markets open in 2h 25m S&P Futures 7,867.75 +12.00 +0.15% Dow Futures 52,079.00 +144.00 +0.28% Nasdaq Futures 30,754.50 -37.00 -0.12% Russell 2000 Futures 2,806.30 +6.20 +0.22% 10-Yr Bond 5.22 -0.02 -0.44% VIX 15.31 +0.04 +0.26% Gold 4,164.10 -13.20 -0.32% Bitcoin USD 83,314.23 +64.16 +0.08% Crude Oil Nov 26 95.43 +1.29 +1.37% US Private Equity 10,967.34 -1.52 -0.01% ADVERTISEMENT This is a paid press release.

Contact the press release distributor directly with any inquiries.

Global Steam Turbine Market Size, Share, Trends, Competitive Landscape, and Forecast 2026-2031 | Market to Reach $28.90 Billion as CHP and Clean Power Investments Rise Research and Markets Mon, October 12, 2026 at 1:31 AM PDT 7 min read 034020.KS -1.14% Company Logo CHP adoption, waste-to-energy investment, and thermal and nuclear expansion drive demand, while APAC leads and mixed-design, high-capacity condensing turbines dominate Dublin, Oct.

12, 2026 (GLOBE NEWSWIRE) -- "Global Steam Turbine Market Research Report 2026-2031" has been added to ResearchAndMarkets.com's offering.

The global steam turbine market was valued at USD 22.00 billion in 2025 and is projected to reach USD 28.90 billion by 2031, expanding at a CAGR of 4.65%.

According to the report, market growth is supported by investments in thermal and nuclear power generation, combined heat and power systems, industrial cogeneration, waste-to-energy facilities, biomass plants, geothermal projects, and power infrastructure modernization.