Industry: Consumer Goods
Published Date: 2024-12-22
Pages: 122 Pages
Report ld: 2982969
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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 Steam Turbine revenue was 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 review period (2024-2030).
In Japan the Steam Turbine revenue is expected to grow from US$ million in 2023 to US$ million by 2030, at a CAGR of % during the forecast period (2024-2030).
This report focuses on global and Japan Steam Turbine market, also covers the segmentation data of other regions in regional level and county level.
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 Modernization and Replacement: Upgrading outdated turbines with advanced, efficient designs in developed regions is a significant market driver.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.
Steam Turbine market is segmented in regional and country level, by players, by Type, and by Application. Companies, stakeholders, and other participants in the global Steam Turbine market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2019-2030.
For Japan market, this report focuses on the Steam Turbine market size by players, by Type, and by Application, for the period 2019-2030. The key players include the global and local players which play important roles in Japan.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces Steam Turbine definition, global sales (volume and revenue), Japan market size, Japan percentage in global market. This section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Provides the analysis of various market segments by Type, covering the volume, price, revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 3: Provides the analysis of various market segments by Application, covering the revenue, price, volume, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 4: Detailed analysis of Steam Turbine companies’ competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 5: Revenue and volume of Steam Turbine in global and 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 capacity of each country in the world.
Chapter 6: Americas by Type, by Application and by country, sales, and revenue for each segment.
Chapter 7: EMEA by Type, by Application and by region, sales, and revenue for each segment.
Chapter 8: China by Type, and by Application, sales, and revenue for each segment.
Chapter 9: APAC (excluding China) by Type, by Application and by region, sales, and revenue for each segment.
Chapter 10: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Steam Turbine sales, revenue, gross margin, and recent development, etc.
Chapter 11: Analysis of industrial chain, sales channel, key raw materials, distributors, and customers.
Chapter 12: research findings and 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 Study Coverage
1.1 Steam Turbine Product Introduction
1.2 Global Steam Turbine Outlook 2019 VS 2023 VS 2030
1.2.1 Global Steam Turbine Sales in US$ Million for the Year 2019-2030
1.2.2 Global Steam Turbine Sales in Volume for the Year 2019-2030
1.3 Japan Steam Turbine Outlook 2019 VS 2023 VS 2030
1.3.1 Japan Steam Turbine Sales in US$ Million for the Year 2019-2030
1.3.2 Japan Steam Turbine Sales in Volume for the Year 2019-2030
1.4 Steam Turbine Market Size, Japan VS Global, 2019 VS 2023 VS 2030
1.4.1 The Market Share of Japan Steam Turbine in Global, 2019 VS 2023 VS 2030
1.4.2 The Growth Rate of Steam Turbine Market Size, Japan VS Global, 2019 VS 2023 VS 2030
1.5 Steam Turbine Market Dynamics
1.5.1 Steam Turbine Industry Trends
1.5.2 Steam Turbine Market Drivers
1.5.3 Steam Turbine Market Challenges
1.5.4 Steam Turbine Market Restraints
1.6 Assumptions and Limitations
1.7 Study Objectives
1.8 Years Considered
2 Steam Turbine by Type
2.1 Steam Turbine Market by Type
2.1.1 Non-Condensing Steam Turbine
2.1.2 Condensing Steam Turbine
2.2 Global Steam Turbine Market Size by Type
2.2.1 Global Steam Turbine Sales in Value, by Type (2019, 2023 & 2030)
2.2.2 Global Steam Turbine Sales in Volume, by Type (2019, 2023 & 2030)
2.2.3 Global Steam Turbine Average Selling Price (ASP) by Type (2019, 2023 & 2030)
2.3 Japan Steam Turbine Market Size by Type
2.3.1 Japan Steam Turbine Sales in Value, by Type (2019, 2023 & 2030)
2.3.2 Japan Steam Turbine Sales in Volume, by Type (2019, 2023 & 2030)
2.3.3 Japan Steam Turbine Average Selling Price (ASP) by Type (2019, 2023 & 2030)
3 Steam Turbine by Application
3.1 Steam Turbine Market by Application
3.1.1 Power Generation
3.1.2 Industrial
3.1.3 Others
3.2 Global Steam Turbine Market Size by Application
3.2.1 Global Steam Turbine Sales in Value, by Application (2019, 2023 & 2030)
3.2.2 Global Steam Turbine Sales in Volume, by Application (2019, 2023 & 2030)
3.2.3 Global Steam Turbine Average Selling Price (ASP) by Application (2019, 2023 & 2030)
3.3 Japan Steam Turbine Market Size by Application
3.3.1 Japan Steam Turbine Sales in Value, by Application (2019, 2023 & 2030)
3.3.2 Japan Steam Turbine Sales in Volume, by Application (2019, 2023 & 2030)
3.3.3 Japan Steam Turbine Average Selling Price (ASP) by Application (2019, 2023 & 2030)
4 Global Steam Turbine Competitor Landscape by Company
4.1 Global Steam Turbine Market Size by Company
4.1.1 Global Key Manufacturers of Steam Turbine, Ranked by Revenue (2023)
4.1.2 Global Steam Turbine Revenue by Manufacturer (2019-2024)
4.1.3 Global Steam Turbine Sales by Manufacturer (2019-2024)
4.1.4 Global Steam Turbine Price by Manufacturer (2019-2024)
4.2 Global Steam Turbine Concentration Ratio (CR)
4.2.1 Steam Turbine Market Concentration Ratio (CR) (2019-2024)
4.2.2 Global Top 5 and Top 10 Largest Manufacturers of Steam Turbine in 2023
4.2.3 Global Steam Turbine Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.3 Global Key Manufacturers of Steam Turbine, Manufacturing Base Distribution and Headquarters
4.4 Global Key Manufacturers of Steam Turbine, Product Offered and Application
4.5 Global Key Manufacturers of Steam Turbine, Date of Enter into This Industry
4.6 Manufacturers Mergers & Acquisitions, Expansion Plans
4.7 Japan Steam Turbine Market Size by Company
4.7.1 Key Players of Steam Turbine in Japan, Ranked by Revenue (2023)
4.7.2 Japan Steam Turbine Revenue by Players (2019-2024)
4.7.3 Japan Steam Turbine Sales by Players (2019-2024)
5 Global Steam Turbine Market Size by Region
5.1 Global Steam Turbine Market Size by Region: 2019 VS 2023 VS 2030
5.2 Global Steam Turbine Market Size in Volume by Region (2019-2030)
5.2.1 Global Steam Turbine Sales in Volume by Region: 2019-2024
5.2.2 Global Steam Turbine Sales in Volume Forecast by Region (2025-2030)
5.3 Global Steam Turbine Market Size in Value by Region (2019-2030)
5.3.1 Global Steam Turbine Sales in Value by Region: 2019-2024
5.3.2 Global Steam Turbine Sales in Value by Region: 2025-2030
6 Americas
6.1 Americas Steam Turbine Market Size YoY Growth 2019-2030
6.2 Americas Steam Turbine Sales in Volume, by Type (2019, 2023 & 2030)
6.3 Americas Steam Turbine Sales in Volume, by Application (2019, 2023 & 2030)
6.4 Americas Steam Turbine Market Facts & Figures by Country (2019, 2023 & 2030)
6.4.1 Americas Steam Turbine Sales in Value by Country (2019, 2023 & 2030)
6.4.2 Americas Steam Turbine Sales in Volume by Country (2019, 2023 & 2030)
6.4.3 United States
6.4.4 Canada
6.4.5 Mexico
6.4.6 Brazil
7 EMEA
7.1 EMEA Steam Turbine Market Size YoY Growth 2019-2030
7.2 EMEA Steam Turbine Sales in Volume, by Type (2019, 2023 & 2030)
7.3 EMEA Steam Turbine Sales in Volume, by Application (2019, 2023 & 2030)
7.4 EMEA Steam Turbine Market Facts & Figures by Country (2019, 2023 & 2030)
7.4.1 EMEA Steam Turbine Sales in Value by Country (2019, 2023 & 2030)
7.4.2 EMEA Steam Turbine Sales in Volume by Country (2019, 2023 & 2030)
7.4.3 Europe
7.4.4 Middle East
7.4.5 Africa
8 China
8.1 China Steam Turbine Market Size YoY Growth 2019-2030
8.2 China Steam Turbine Sales in Volume, by Type (2019, 2023 & 2030)
8.3 China Steam Turbine Sales in Volume, by Application (2019, 2023 & 2030)
9 APAC
9.1 APAC Steam Turbine Market Size YoY Growth 2019-2030
9.2 APAC Steam Turbine Sales in Volume, by Type (2019, 2023 & 2030)
9.3 APAC Steam Turbine Sales in Volume, by Application (2019, 2023 & 2030)
9.4 APAC Steam Turbine Market Facts & Figures by Country (2019, 2023 & 2030)
9.4.1 APAC Steam Turbine Sales in Value by Country (2019, 2023 & 2030)
9.4.2 APAC Steam Turbine Sales in Volume by Country (2019, 2023 & 2030)
9.4.3 Japan
9.4.4 South Korea
9.4.5 China Taiwan
9.4.6 Southeast Asia
9.4.7 India
10 Company Profiles
10.1 General Electric
10.1.1 General Electric Company Information
10.1.2 General Electric Description and Business Overview
10.1.3 General Electric Steam Turbine Sales, Revenue and Gross Margin (2019-2024)
10.1.4 General Electric Steam Turbine Products Offered
10.1.5 General Electric Recent Development
10.2 Siemens
10.2.1 Siemens Company Information
10.2.2 Siemens Description and Business Overview
10.2.3 Siemens Steam Turbine Sales, Revenue and Gross Margin (2019-2024)
10.2.4 Siemens Steam Turbine Products Offered
10.2.5 Siemens Recent Development
10.3 Dongfang Turbine
10.3.1 Dongfang Turbine Company Information
10.3.2 Dongfang Turbine Description and Business Overview
10.3.3 Dongfang Turbine Steam Turbine Sales, Revenue and Gross Margin (2019-2024)
10.3.4 Dongfang Turbine Steam Turbine Products Offered
10.3.5 Dongfang Turbine Recent Development
10.4 Shanghai Electric
10.4.1 Shanghai Electric Company Information
10.4.2 Shanghai Electric Description and Business Overview
10.4.3 Shanghai Electric Steam Turbine Sales, Revenue and Gross Margin (2019-2024)
10.4.4 Shanghai Electric Steam Turbine Products Offered
10.4.5 Shanghai Electric Recent Development
10.5 Hangzhou Steam Turbine(HTC)
10.5.1 Hangzhou Steam Turbine(HTC) Company Information
10.5.2 Hangzhou Steam Turbine(HTC) Description and Business Overview
10.5.3 Hangzhou Steam Turbine(HTC) Steam Turbine Sales, Revenue and Gross Margin (2019-2024)
10.5.4 Hangzhou Steam Turbine(HTC) Steam Turbine Products Offered
10.5.5 Hangzhou Steam Turbine(HTC) Recent Development
10.6 Harbin Electric Corporation
10.6.1 Harbin Electric Corporation Company Information
10.6.2 Harbin Electric Corporation Description and Business Overview
10.6.3 Harbin Electric Corporation Steam Turbine Sales, Revenue and Gross Margin (2019-2024)
10.6.4 Harbin Electric Corporation Steam Turbine Products Offered
10.6.5 Harbin Electric Corporation Recent Development
10.7 Mitsubishi Hitachi Power Systems
10.7.1 Mitsubishi Hitachi Power Systems Company Information
10.7.2 Mitsubishi Hitachi Power Systems Description and Business Overview
10.7.3 Mitsubishi Hitachi Power Systems Steam Turbine Sales, Revenue and Gross Margin (2019-2024)
10.7.4 Mitsubishi Hitachi Power Systems Steam Turbine Products Offered
10.7.5 Mitsubishi Hitachi Power Systems Recent Development
10.8 MAN Energy Solutions
10.8.1 MAN Energy Solutions Company Information
10.8.2 MAN Energy Solutions Description and Business Overview
10.8.3 MAN Energy Solutions Steam Turbine Sales, Revenue and Gross Margin (2019-2024)
10.8.4 MAN Energy Solutions Steam Turbine Products Offered
10.8.5 MAN Energy Solutions Recent Development
10.9 Fuji Electric
10.9.1 Fuji Electric Company Information
10.9.2 Fuji Electric Description and Business Overview
10.9.3 Fuji Electric Steam Turbine Sales, Revenue and Gross Margin (2019-2024)
10.9.4 Fuji Electric Steam Turbine Products Offered
10.9.5 Fuji Electric Recent Development
10.10 Ebara Elliott
10.10.1 Ebara Elliott Company Information
10.10.2 Ebara Elliott Description and Business Overview
10.10.3 Ebara Elliott Steam Turbine Sales, Revenue and Gross Margin (2019-2024)
10.10.4 Ebara Elliott Steam Turbine Products Offered
10.10.5 Ebara Elliott Recent Development
10.11 Doosan
10.11.1 Doosan Company Information
10.11.2 Doosan Description and Business Overview
10.11.3 Doosan Steam Turbine Sales, Revenue and Gross Margin (2019-2024)
10.11.4 Doosan Steam Turbine Products Offered
10.11.5 Doosan Recent Development
10.12 Ansaldo
10.12.1 Ansaldo Company Information
10.12.2 Ansaldo Description and Business Overview
10.12.3 Ansaldo Steam Turbine Sales, Revenue and Gross Margin (2019-2024)
10.12.4 Ansaldo Steam Turbine Products Offered
10.12.5 Ansaldo Recent Development
10.13 Kawasaki Heavy Industries
10.13.1 Kawasaki Heavy Industries Company Information
10.13.2 Kawasaki Heavy Industries Description and Business Overview
10.13.3 Kawasaki Heavy Industries Steam Turbine Sales, Revenue and Gross Margin (2019-2024)
10.13.4 Kawasaki Heavy Industries Steam Turbine Products Offered
10.13.5 Kawasaki Heavy Industries Recent Development
10.14 Power Machines
10.14.1 Power Machines Company Information
10.14.2 Power Machines Description and Business Overview
10.14.3 Power Machines Steam Turbine Sales, Revenue and Gross Margin (2019-2024)
10.14.4 Power Machines Steam Turbine Products Offered
10.14.5 Power Machines Recent Development
11 Industry Chain and Sales Channels Analysis
11.1 Steam Turbine Industry Chain Analysis
11.2 Steam Turbine Key Raw Materials
11.2.1 Key Raw Materials
11.2.2 Raw Materials Key Suppliers
11.3 Steam Turbine Production Mode & Process
11.4 Steam Turbine Sales and Marketing
11.4.1 Steam Turbine Sales Channels
11.4.2 Steam Turbine Distributors
11.5 Steam Turbine Customers
12 Research Findings and Conclusion
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 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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