Steam Turbine Market

Steam Turbine is a device that extracts thermal energy from pressurized steam and uses it to do mechanical work on a rotating output shaft.

Steam Turbine Market aims to provide a comprehensive presentation of the global market for Steam Turbine, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Steam Turbine. Steam Turbine Market contains market size and forecasts of Steam Turbine in global, including the following market information:

Global Steam Turbine Market Revenue, 2018-2023, 2024-2029, ($ millions)

Global Steam Turbine Market Sales, 2018-2023, 2024-2029, (MW)

Global top five Steam Turbine companies in 2022 (%)

The global Steam Turbine market was valued at US$ 6418.6 million in 2022 and is projected to reach US$ 7092 million by 2029, at a CAGR of 1.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Global Steam Turbine key players include GE, Siemens, MHPS, HTC, Doosan Skoda Power, etc. Global top five manufacturers hold a share over 65%.

Europe is the largest market, with a share over 35%, followed by North America and Asia-Pacific, both have a share over 55%.

In terms of product, Non-Condensing Steam Turbine is the largest segment, with a share about 60%. And in terms of application, the largest application is Power Generation, followed by Industrial, etc.

We surveyed the Steam Turbine manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Steam Turbine Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (MW)

Global Steam Turbine Market Segment Percentages, by Type, 2022 (%)

Condensing Steam Turbine

Non-Condensing Steam Turbine

Global Steam Turbine Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MW)

Global Steam Turbine Market Segment Percentages, by Application, 2022 (%)

Power Generation

Industrial

Others

Global Steam Turbine Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MW)

Global Steam Turbine Market Segment Percentages, By Region and Country, 2022 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Steam Turbine revenues in global market, 2018-2023 (Estimated), ($ millions)

Key companies Steam Turbine revenues share in global market, 2022 (%)

Key companies Steam Turbine sales in global market, 2018-2023 (Estimated), (MW)

Key companies Steam Turbine sales share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

GE

Siemens

DEC

Shanghai Electric

HTC

Harbin Turbine Company Limited

MHPS

MAN Power Engineering

Fuji Electric

Elliott Group

Doosan

Ansaldo Energia

Kawasaki

Power Machines

Toshiba

Ansaldo

Outline of Major Chapters:

Chapter 1: Introduces the definition of Steam Turbine, market overview.

Chapter 2: Global Steam Turbine market size in revenue and volume.

Chapter 3: Detailed analysis of Steam Turbine manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Steam Turbine in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Steam Turbine capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.