Industry: Consumer Goods
Published Date: 2024-12-22
Pages: 122 Pages
Report ld: 2982835
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Steam Turbine Market Size(US$)

CAGR 2024-2030
4.2%
Market Size,2030
USD 15,410
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Steam Turbine was estimated to be worth US$ 11520 million in 2023 and is forecast to a readjusted size of US$ 15410 million by 2030 with a CAGR of 4.2% during the forecast period 2024-2030.
A steam turbine is a device that converts thermal energy from steam into mechanical energy, which is then often transformed into electrical energy. This is achieved by directing high-pressure, high-temperature steam onto a series of blades mounted on a rotor, causing it to spin. Steam turbines are widely used in power generation and industrial processes due to their efficiency and reliability.
The global steam turbine market is a critical component of energy infrastructure, catering to diverse applications such as power generation, industrial processing, and cogeneration. Key industries driving demand include power utilities, oil and gas, chemical processing, and manufacturing.
Key Market Drivers
Rising Energy Demand: Increasing global energy consumption, particularly in developing countries, is driving demand for steam turbines in power plants. Industrial Expansion: Growing industrial activities require efficient turbines for mechanical drives and combined heat and power (CHP) applications. Renewable Energy Integration: Steam turbines are increasingly used in renewable applications like concentrated solar power (CSP) and biomass plants. Modernization and Replacement: Upgrading outdated turbines with advanced, efficient designs in developed regions is a significant market driver.
Market Restraints
Competition from Alternative Technologies: Gas turbines, wind, and solar PV pose significant competition. High Initial Costs: The capital-intensive nature of turbine installation and maintenance can hinder adoption. Environmental Regulations: Stricter policies against fossil fuel emissions impact coal-fired steam turbine adoption.
Opportunities
Emerging Economies: Industrialization and energy infrastructure development in Asia-Pacific, Africa, and Latin America present significant growth opportunities. Clean Energy Transition: Expanding use in geothermal, biomass, and waste-to-energy applications aligns with global decarbonization goals. Advancements in Efficiency: Development of supercritical and ultra-supercritical turbines enhances performance and reduces emissions.
This report aims to provide a comprehensive presentation of the global market for Steam Turbine, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Steam Turbine by region & country, by Type, and by Application.
The Steam Turbine market size, estimations, and forecasts are provided in terms of sales volume (MW) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. 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.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides 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 2: Detailed analysis of Steam Turbine manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: 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 4: 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 5: Sales, revenue of Steam Turbine in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Steam Turbine in country level. It provides sigmate data by Type, and by Application for each country/region.
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: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Steam Turbine Product Introduction
1.2 Global Steam Turbine Market Size Forecast
1.2.1 Global Steam Turbine Sales Value (2019-2030)
1.2.2 Global Steam Turbine Sales Volume (2019-2030)
1.2.3 Global Steam Turbine Sales Price (2019-2030)
1.3 Steam Turbine Market Trends & Drivers
1.3.1 Steam Turbine Industry Trends
1.3.2 Steam Turbine Market Drivers & Opportunity
1.3.3 Steam Turbine Market Challenges
1.3.4 Steam Turbine Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Steam Turbine Players Revenue Ranking (2023)
2.2 Global Steam Turbine Revenue by Company (2019-2024)
2.3 Global Steam Turbine Players Sales Volume Ranking (2023)
2.4 Global Steam Turbine Sales Volume by Company Players (2019-2024)
2.5 Global Steam Turbine Average Price by Company (2019-2024)
2.6 Key Manufacturers Steam Turbine Manufacturing Base and Headquarters
2.7 Key Manufacturers Steam Turbine Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Steam Turbine
2.9 Steam Turbine Market Competitive Analysis
2.9.1 Steam Turbine Market Concentration Rate (2019-2024)
2.9.2 Global 5 and 10 Largest Manufacturers by Steam Turbine Revenue in 2023
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Steam Turbine as of 2023)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Non-Condensing Steam Turbine
3.1.2 Condensing Steam Turbine
3.2 Global Steam Turbine Sales Value by Type
3.2.1 Global Steam Turbine Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Steam Turbine Sales Value, by Type (2019-2030)
3.2.3 Global Steam Turbine Sales Value, by Type (%) (2019-2030)
3.3 Global Steam Turbine Sales Volume by Type
3.3.1 Global Steam Turbine Sales Volume by Type (2019 VS 2023 VS 2030)
3.3.2 Global Steam Turbine Sales Volume, by Type (2019-2030)
3.3.3 Global Steam Turbine Sales Volume, by Type (%) (2019-2030)
3.4 Global Steam Turbine Average Price by Type (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Power Generation
4.1.2 Industrial
4.1.3 Others
4.2 Global Steam Turbine Sales Value by Application
4.2.1 Global Steam Turbine Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Steam Turbine Sales Value, by Application (2019-2030)
4.2.3 Global Steam Turbine Sales Value, by Application (%) (2019-2030)
4.3 Global Steam Turbine Sales Volume by Application
4.3.1 Global Steam Turbine Sales Volume by Application (2019 VS 2023 VS 2030)
4.3.2 Global Steam Turbine Sales Volume, by Application (2019-2030)
4.3.3 Global Steam Turbine Sales Volume, by Application (%) (2019-2030)
4.4 Global Steam Turbine Average Price by Application (2019-2030)
5 Segmentation by Region
5.1 Global Steam Turbine Sales Value by Region
5.1.1 Global Steam Turbine Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Steam Turbine Sales Value by Region (2019-2024)
5.1.3 Global Steam Turbine Sales Value by Region (2025-2030)
5.1.4 Global Steam Turbine Sales Value by Region (%), (2019-2030)
5.2 Global Steam Turbine Sales Volume by Region
5.2.1 Global Steam Turbine Sales Volume by Region: 2019 VS 2023 VS 2030
5.2.2 Global Steam Turbine Sales Volume by Region (2019-2024)
5.2.3 Global Steam Turbine Sales Volume by Region (2025-2030)
5.2.4 Global Steam Turbine Sales Volume by Region (%), (2019-2030)
5.3 Global Steam Turbine Average Price by Region (2019-2030)
5.4 North America
5.4.1 North America Steam Turbine Sales Value, 2019-2030
5.4.2 North America Steam Turbine Sales Value by Country (%), 2023 VS 2030
5.5 Europe
5.5.1 Europe Steam Turbine Sales Value, 2019-2030
5.5.2 Europe Steam Turbine Sales Value by Country (%), 2023 VS 2030
5.6 Asia Pacific
5.6.1 Asia Pacific Steam Turbine Sales Value, 2019-2030
5.6.2 Asia Pacific Steam Turbine Sales Value by Region (%), 2023 VS 2030
5.7 South America
5.7.1 South America Steam Turbine Sales Value, 2019-2030
5.7.2 South America Steam Turbine Sales Value by Country (%), 2023 VS 2030
5.8 Middle East & Africa
5.8.1 Middle East & Africa Steam Turbine Sales Value, 2019-2030
5.8.2 Middle East & Africa Steam Turbine Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Steam Turbine Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Steam Turbine Sales Value
6.2.1 Key Countries/Regions Steam Turbine Sales Value, 2019-2030
6.2.2 Key Countries/Regions Steam Turbine Sales Volume, 2019-2030
6.3 United States
6.3.1 United States Steam Turbine Sales Value, 2019-2030
6.3.2 United States Steam Turbine Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Steam Turbine Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Steam Turbine Sales Value, 2019-2030
6.4.2 Europe Steam Turbine Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Steam Turbine Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Steam Turbine Sales Value, 2019-2030
6.5.2 China Steam Turbine Sales Value by Type (%), 2023 VS 2030
6.5.3 China Steam Turbine Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Steam Turbine Sales Value, 2019-2030
6.6.2 Japan Steam Turbine Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Steam Turbine Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Steam Turbine Sales Value, 2019-2030
6.7.2 South Korea Steam Turbine Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Steam Turbine Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Steam Turbine Sales Value, 2019-2030
6.8.2 Southeast Asia Steam Turbine Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Steam Turbine Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Steam Turbine Sales Value, 2019-2030
6.9.2 India Steam Turbine Sales Value by Type (%), 2023 VS 2030
6.9.3 India Steam Turbine Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 General Electric
7.1.1 General Electric Company Information
7.1.2 General Electric Introduction and Business Overview
7.1.3 General Electric Steam Turbine Sales, Revenue, Price and Gross Margin (2019-2024)
7.1.4 General Electric Steam Turbine Product Offerings
7.1.5 General Electric Recent Development
7.2 Siemens
7.2.1 Siemens Company Information
7.2.2 Siemens Introduction and Business Overview
7.2.3 Siemens Steam Turbine Sales, Revenue, Price and Gross Margin (2019-2024)
7.2.4 Siemens Steam Turbine Product Offerings
7.2.5 Siemens Recent Development
7.3 Dongfang Turbine
7.3.1 Dongfang Turbine Company Information
7.3.2 Dongfang Turbine Introduction and Business Overview
7.3.3 Dongfang Turbine Steam Turbine Sales, Revenue, Price and Gross Margin (2019-2024)
7.3.4 Dongfang Turbine Steam Turbine Product Offerings
7.3.5 Dongfang Turbine Recent Development
7.4 Shanghai Electric
7.4.1 Shanghai Electric Company Information
7.4.2 Shanghai Electric Introduction and Business Overview
7.4.3 Shanghai Electric Steam Turbine Sales, Revenue, Price and Gross Margin (2019-2024)
7.4.4 Shanghai Electric Steam Turbine Product Offerings
7.4.5 Shanghai Electric Recent Development
7.5 Hangzhou Steam Turbine(HTC)
7.5.1 Hangzhou Steam Turbine(HTC) Company Information
7.5.2 Hangzhou Steam Turbine(HTC) Introduction and Business Overview
7.5.3 Hangzhou Steam Turbine(HTC) Steam Turbine Sales, Revenue, Price and Gross Margin (2019-2024)
7.5.4 Hangzhou Steam Turbine(HTC) Steam Turbine Product Offerings
7.5.5 Hangzhou Steam Turbine(HTC) Recent Development
7.6 Harbin Electric Corporation
7.6.1 Harbin Electric Corporation Company Information
7.6.2 Harbin Electric Corporation Introduction and Business Overview
7.6.3 Harbin Electric Corporation Steam Turbine Sales, Revenue, Price and Gross Margin (2019-2024)
7.6.4 Harbin Electric Corporation Steam Turbine Product Offerings
7.6.5 Harbin Electric Corporation Recent Development
7.7 Mitsubishi Hitachi Power Systems
7.7.1 Mitsubishi Hitachi Power Systems Company Information
7.7.2 Mitsubishi Hitachi Power Systems Introduction and Business Overview
7.7.3 Mitsubishi Hitachi Power Systems Steam Turbine Sales, Revenue, Price and Gross Margin (2019-2024)
7.7.4 Mitsubishi Hitachi Power Systems Steam Turbine Product Offerings
7.7.5 Mitsubishi Hitachi Power Systems Recent Development
7.8 MAN Energy Solutions
7.8.1 MAN Energy Solutions Company Information
7.8.2 MAN Energy Solutions Introduction and Business Overview
7.8.3 MAN Energy Solutions Steam Turbine Sales, Revenue, Price and Gross Margin (2019-2024)
7.8.4 MAN Energy Solutions Steam Turbine Product Offerings
7.8.5 MAN Energy Solutions Recent Development
7.9 Fuji Electric
7.9.1 Fuji Electric Company Information
7.9.2 Fuji Electric Introduction and Business Overview
7.9.3 Fuji Electric Steam Turbine Sales, Revenue, Price and Gross Margin (2019-2024)
7.9.4 Fuji Electric Steam Turbine Product Offerings
7.9.5 Fuji Electric Recent Development
7.10 Ebara Elliott
7.10.1 Ebara Elliott Company Information
7.10.2 Ebara Elliott Introduction and Business Overview
7.10.3 Ebara Elliott Steam Turbine Sales, Revenue, Price and Gross Margin (2019-2024)
7.10.4 Ebara Elliott Steam Turbine Product Offerings
7.10.5 Ebara Elliott Recent Development
7.11 Doosan
7.11.1 Doosan Company Information
7.11.2 Doosan Introduction and Business Overview
7.11.3 Doosan Steam Turbine Sales, Revenue, Price and Gross Margin (2019-2024)
7.11.4 Doosan Steam Turbine Product Offerings
7.11.5 Doosan Recent Development
7.12 Ansaldo
7.12.1 Ansaldo Company Information
7.12.2 Ansaldo Introduction and Business Overview
7.12.3 Ansaldo Steam Turbine Sales, Revenue, Price and Gross Margin (2019-2024)
7.12.4 Ansaldo Steam Turbine Product Offerings
7.12.5 Ansaldo Recent Development
7.13 Kawasaki Heavy Industries
7.13.1 Kawasaki Heavy Industries Company Information
7.13.2 Kawasaki Heavy Industries Introduction and Business Overview
7.13.3 Kawasaki Heavy Industries Steam Turbine Sales, Revenue, Price and Gross Margin (2019-2024)
7.13.4 Kawasaki Heavy Industries Steam Turbine Product Offerings
7.13.5 Kawasaki Heavy Industries Recent Development
7.14 Power Machines
7.14.1 Power Machines Company Information
7.14.2 Power Machines Introduction and Business Overview
7.14.3 Power Machines Steam Turbine Sales, Revenue, Price and Gross Margin (2019-2024)
7.14.4 Power Machines Steam Turbine Product Offerings
7.14.5 Power Machines Recent Development
8 Industry Chain Analysis
8.1 Steam Turbine Industrial Chain
8.2 Steam Turbine Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Steam Turbine Sales Model
8.5.2 Sales Channel
8.5.3 Steam Turbine Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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