Getting climate, energy & environment news right.

Subscribe

Steam and gas turbines market to reach $23.4bn by 2030, forecasts GlobalData

April 15, 2026April 15, 2026Power Technology
Steam and gas turbines market to reach $23.4bn by 2030, forecasts GlobalData
By Siemens Pressebild, http://www.siemens.com - Photo taken from [1] with the friendly permission of Siemens Germany by Christian Kuhna, E-Mail: christian.kuhna/klammeraff/siemens/dot/com, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=442598 The design of new power plant turbines has a major influence on the efficiency of power generation Improving the efficiency of power plants today means battling to achieve increases of the order of one tenth of a percentage. Here the design of the turbine blades plays an important part. The high degree of precision required for their development and manufacture can only be achieved with computers. The result is good for the environment as well as for the budget of the power plant operator: an improvement of one whole percent in the efficiency of a brown-coal fuelled base load power plant unit with an output of 900 MW reduces the amount of coal used per year by 155,000 tons and the quantity of carbon dioxide emission by 150,000 tons, with the same electric output. With the present number of coal-fired power plants, a one-percent improvement in efficiency would relieve the environment of 158 million tons of carbon dioxide. The world record for a coal-fired steam turbine, 48.5 percent, is held by Siemens; for power plants in which the exhaust heat of gas turbines is used to drive steam turbines, Siemens also holds the world record of 58.4 percent. The picture shows the blades being mounted on a steam turbine at Siemens’ factory in Mühlheim. Das Design neuer Kraftwerksturbinen bestimmt maßgeblich den Wirkungsgrad der Stromerzeugung Verbesserungen des Wirkungsgrades von Kraftwerken sind heute ein Kampf um Zehntel-Prozentpunkte. Eine wichtige Rolle spielt dabei die Gestaltung der Turbinenschaufeln. Die heute bei deren Entwicklung und Fertigung erforderliche höchste Präzision lässt sich nur noch mit Unterstützung durch Computer erreichen. Das Ergebnis ist gut für die Umwelt und für das Budget der Kraftwerksbetreiber: Ein mit Braunkohle befeuerter Grundlast-Kraftwerksblock mit einer Leistung von 900 Megawatt verbraucht z. B. mit einem Plus von einem ganzen Prozentpunkt bei gleich bleibender elektrischer Leistung pro Jahr 155.000 Tonnen wenig

GlobalData’s latest report, ‘Steam and Gas Turbines Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Key Players and Forecast to 2030‘, offers comprehensive information and understanding of the global steam and gas turbines market. The report analyses the steam and gas turbine market value and capacity for the historical (2021–2025) and forecast (2026–2030) periods, as well as country-wise drivers and restraints affecting the market.

The report also provides the global steam and gas turbine market share for 2024 and major upcoming projects for each country. The analysis is based on GlobalData’s proprietary databases, as well as primary and secondary research, and in-house expertise. The global steam and gas turbines market is poised for substantial growth, driven by rising demand for efficient energy solutions, stringent environmental regulations, and the transition toward cleaner energy sources. The market is forecast to reach $23.4bn by 2030.

Read more in Power Technology here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

Subscribe to our exclusive email designed for conservatives who care about climate.

Help us promote free market solutions for climate change.

5 Incredible Ways Economic Freedom Helps the Planet.

Sign up for our newsletter now to get the full list right in your inbox.

Thank you for signing up

Help us promote sensible solutions for both planet and prosperity.

Make a donation

Download Now

Download