Coal and CCGT help support steam turbine market
The global trend towards the use of renewables is not denting the demand for older methods of power generation
Electricity supply industries worldwide are changing as concern over climate change increases and regulatory systems adapt to take account of climate concerns. However, the world market for power generation systems' hardiest equipment-large — scale steam turbines of over 120MW capacity — seems set to remain resilient over the medium term, industry officials and analysts say. They attribute this strength to continued development of coal-fired generation in the Asia-Pacific region and to an expected rebound in orders for combined-cycle gas turbine (CCGT) power stations. "Although there are drops in gas turbine orders, the market for steam turbines will remain significant, as turbines utilised
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
