Industry Research Reports
Global Steam Turbine Market Research Report 2026
Industry: Consumer Goods
Published Date: 2026-01-04
Pages: 118 Pages
Report ld: 5528379
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Steam Turbine Market Size(US$)
CAGR 2026-2032
4.2%
Market Size,2032
USD 16,610
Million
Market Snapshot
Market Size in 2026 (Value)
US$ 12,950 million
Market Forecast in 2032(Value)
US$ 16,610 million
CAGR
4.2%
Years Considered
2021-2032
Base Year
2026
Forecast Period
2026-2032
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Steam Turbine market was valued at US$ 12470 million in 2025 and is anticipated to reach US$ 16610 million by 2032, at a CAGR of 4.2% from 2026 to 2032.
The 2025 U.S. tariff policies introduce profound uncertainty into the global economic landscape. This report critically examines the implications of recent tariff adjustments and international strategic countermeasures on Steam Turbine competitive dynamics, regional economic interdependencies, and supply chain reconfigurations.
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 Modernization and Replacement: Upgrading outdated turbines with advanced, efficient designs in developed regions is a significant market driver.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 delivers a comprehensive overview of the global Steam Turbine market, with both quantitative and qualitative analyses, to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current market, and make informed business decisions regarding Steam Turbine. The Steam Turbine market size, estimates, and forecasts are provided in terms of sales volume (MW) and revenue (US$ millions), with 2025 as the base year and historical and forecast data for 2021–2032.
The report segments the global Steam Turbine market comprehensively. Regional market sizes by Type, by Application, , and by company are also provided. For deeper insight, the report profiles the competitive landscape, key competitors, and their respective market rankings, and discusses technological trends and new product developments.
This report will assist Steam Turbine manufacturers, new entrants, and companies across the industry value chain with information on revenues, sales volume, and average prices for the overall market and its sub-segments, by company, by Type, by Application, and by region.
MARKET SEGMENTATION
By Company
- General Electric
- Siemens
- Dongfang Turbine
- Shanghai Electric
- Hangzhou Steam Turbine(HTC)
- Harbin Electric Corporation
- Mitsubishi Hitachi Power Systems
- MAN Energy Solutions
- Fuji Electric
- Ebara Elliott
- Doosan
- Ansaldo
- Kawasaki Heavy Industries
- Power Machines
Consumption by Region
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Segment by Type
- Non-Condensing Steam Turbine
- Condensing Steam Turbine
Segment by Application
- Power Generation
- Industrial
- Others
CHAPTER OUTLINE
Chapter 1: Defines the scope of the report and presents an executive summary of market segments (by Type, by Application, , etc.), including the size of each segment and its future growth potential. It offers a high-level view of the current market and its likely evolution in the short, medium, and long term.
Chapter 2: Provides a detailed analysis of the competitive landscape for Steam Turbine manufacturers, covering pricing, sales and revenue shares, latest development plans, and mergers and acquisitions.
Chapter 3: Examines Steam Turbine sales and revenue at the regional and country levels. It quantifies market size and growth potential for each region and its key countries, and outlines market development, outlook, addressable space, and national market size.
Chapter 4: Analyzes segments by Type, detailing the size and growth potential of each segment to help readers identify “blue ocean” opportunities.
Chapter 5: Analyzes market segments by Application, covering the size and growth potential of each segment to help readers identify “blue ocean” opportunities in downstream markets.
Chapter 6: Profiles key players, presenting core information on leading companies, including product sales, revenue, pricing, gross margin, product portfolio/introductions, and recent developments.
Chapter 7: Reviews the industry value chain, including upstream and downstream segments.
Chapter 8: Discusses market dynamics and recent developments, including drivers, restraints, challenges and risks for manufacturers, U.S. Tariffs and relevant policy analysis.
Chapter 9: Summarizes the key findings and conclusions of the report.
QYRESEARCH'S STRENGTHS
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TABLE OF CONTENTS
1 Steam Turbine Market Overview
1.1 Product Definition
1.2 Steam Turbine by Type
1.2.1 Global Steam Turbine Market Value by Type: 2025 vs 2032
1.2.2 Non-Condensing Steam Turbine
1.2.3 Condensing Steam Turbine
1.3 Steam Turbine by Application
1.3.1 Global Steam Turbine Market Value by Application: 2025 vs 2032
1.3.2 Power Generation
1.3.3 Industrial
1.3.4 Others
1.4 Global Steam Turbine Market Size Estimates and Forecasts
1.4.1 Global Steam Turbine Revenue 2021–2032
1.4.2 Global Steam Turbine Sales 2021–2032
1.4.3 Global Steam Turbine Market Average Price (2021–2032)
1.5 Assumptions and Limitations
2 Steam Turbine Market Competition by Manufacturers
2.1 Global Steam Turbine Sales Market Share by Manufacturers (2021–2026)
2.2 Global Steam Turbine Revenue Market Share by Manufacturers (2021–2026)
2.3 Global Steam Turbine Average Price by Manufacturers (2021–2026)
2.4 Global Key Players of Steam Turbine, Industry Ranking, 2023 vs 2024 vs 2025
2.5 Global Key Manufacturers of Steam Turbine, Manufacturing Sites and Headquarters
2.6 Global Key Manufacturers of Steam Turbine, Product Types and Applications
2.7 Global Key Manufacturers of Steam Turbine, Date of Entry into the Industry
2.8 Global Steam Turbine Market Competitive Situation and Trends
2.8.1 Global Steam Turbine Market Concentration Rate
2.8.2 The Top 5 and Top 10 Global Steam Turbine Players Market Share by Revenue
2.8.3 Global Steam Turbine Market Share by Company Tier (Tier 1, Tier 2, Tier 3)
2.9 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Global Steam Turbine Market Scenario by Region
3.1 Global Steam Turbine Market Size by Region: 2021 vs 2025 vs 2032
3.2 Global Steam Turbine Sales by Region: 2021–2032
3.2.1 Global Steam Turbine Sales by Region: 2021–2026
3.2.2 Global Steam Turbine Sales by Region: 2027–2032
3.3 Global Steam Turbine Revenue by Region: 2021–2032
3.3.1 Global Steam Turbine Revenue by Region: 2021–2026
3.3.2 Global Steam Turbine Revenue by Region: 2027–2032
3.4 North America Steam Turbine Market Facts & Figures by Country
3.4.1 North America Steam Turbine Market Size by Country: 2021 vs 2025 vs 2032
3.4.2 North America Steam Turbine Sales by Country (2021–2032)
3.4.3 North America Steam Turbine Revenue by Country (2021–2032)
3.4.4 United States
3.4.5 Canada
3.5 Europe Steam Turbine Market Facts & Figures by Country
3.5.1 Europe Steam Turbine Market Size by Country: 2021 vs 2025 vs 2032
3.5.2 Europe Steam Turbine Sales by Country (2021–2032)
3.5.3 Europe Steam Turbine Revenue by Country (2021–2032)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Spain
3.6 Asia Pacific Steam Turbine Market Facts & Figures by Region
3.6.1 Asia Pacific Steam Turbine Market Size by Region: 2021 vs 2025 vs 2032
3.6.2 Asia Pacific Steam Turbine Sales by Region (2021–2032)
3.6.3 Asia Pacific Steam Turbine Revenue by Region (2021–2032)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 Southeast Asia
3.7 Latin America Steam Turbine Market Facts & Figures by Country
3.7.1 Latin America Steam Turbine Market Size by Country: 2021 vs 2025 vs 2032
3.7.2 Latin America Steam Turbine Sales by Country (2021–2032)
3.7.3 Latin America Steam Turbine Revenue by Country (2021–2032)
3.7.4 Brazil
3.7.5 Argentina
3.8 Middle East and Africa Steam Turbine Market Facts & Figures by Country
3.8.1 Middle East and Africa Steam Turbine Market Size by Country: 2021 vs 2025 vs 2032
3.8.2 Middle East and Africa Steam Turbine Sales by Country (2021–2032)
3.8.3 Middle East and Africa Steam Turbine Revenue by Country (2021–2032)
3.8.4 Turkey
3.8.5 UAE
4 Segment by Type
4.1 Global Steam Turbine Sales by Type (2021–2032)
4.1.1 Global Steam Turbine Sales by Type (2021–2026)
4.1.2 Global Steam Turbine Sales by Type (2027–2032)
4.1.3 Global Steam Turbine Sales Market Share by Type (2021–2032)
4.2 Global Steam Turbine Revenue by Type (2021–2032)
4.2.1 Global Steam Turbine Revenue by Type (2021–2026)
4.2.2 Global Steam Turbine Revenue by Type (2027–2032)
4.2.3 Global Steam Turbine Revenue Market Share by Type (2021–2032)
4.3 Global Steam Turbine Price by Type (2021–2032)
5 Segment by Application
5.1 Global Steam Turbine Sales by Application (2021–2032)
5.1.1 Global Steam Turbine Sales by Application (2021–2026)
5.1.2 Global Steam Turbine Sales by Application (2027–2032)
5.1.3 Global Steam Turbine Sales Market Share by Application (2021–2032)
5.2 Global Steam Turbine Revenue by Application (2021–2032)
5.2.1 Global Steam Turbine Revenue by Application (2021–2026)
5.2.2 Global Steam Turbine Revenue by Application (2027–2032)
5.2.3 Global Steam Turbine Revenue Market Share by Application (2021–2032)
5.3 Global Steam Turbine Price by Application (2021–2032)
6 Key Companies Profiled
6.1 General Electric
6.1.1 General Electric Company Information
6.1.2 General Electric Description and Business Overview
6.1.3 General Electric Steam Turbine Sales, Revenue, and Gross Margin (2021–2026)
6.1.4 General Electric Steam Turbine Product Portfolio
6.1.5 General Electric Recent Developments/Updates
6.2 Siemens
6.2.1 Siemens Company Information
6.2.2 Siemens Description and Business Overview
6.2.3 Siemens Steam Turbine Sales, Revenue, and Gross Margin (2021–2026)
6.2.4 Siemens Steam Turbine Product Portfolio
6.2.5 Siemens Recent Developments/Updates
6.3 Dongfang Turbine
6.3.1 Dongfang Turbine Company Information
6.3.2 Dongfang Turbine Description and Business Overview
6.3.3 Dongfang Turbine Steam Turbine Sales, Revenue, and Gross Margin (2021–2026)
6.3.4 Dongfang Turbine Steam Turbine Product Portfolio
6.3.5 Dongfang Turbine Recent Developments/Updates
6.4 Shanghai Electric
6.4.1 Shanghai Electric Company Information
6.4.2 Shanghai Electric Description and Business Overview
6.4.3 Shanghai Electric Steam Turbine Sales, Revenue, and Gross Margin (2021–2026)
6.4.4 Shanghai Electric Steam Turbine Product Portfolio
6.4.5 Shanghai Electric Recent Developments/Updates
6.5 Hangzhou Steam Turbine(HTC)
6.5.1 Hangzhou Steam Turbine(HTC) Company Information
6.5.2 Hangzhou Steam Turbine(HTC) Description and Business Overview
6.5.3 Hangzhou Steam Turbine(HTC) Steam Turbine Sales, Revenue, and Gross Margin (2021–2026)
6.5.4 Hangzhou Steam Turbine(HTC) Steam Turbine Product Portfolio
6.5.5 Hangzhou Steam Turbine(HTC) Recent Developments/Updates
6.6 Harbin Electric Corporation
6.6.1 Harbin Electric Corporation Company Information
6.6.2 Harbin Electric Corporation Description and Business Overview
6.6.3 Harbin Electric Corporation Steam Turbine Sales, Revenue, and Gross Margin (2021–2026)
6.6.4 Harbin Electric Corporation Steam Turbine Product Portfolio
6.6.5 Harbin Electric Corporation Recent Developments/Updates
6.7 Mitsubishi Hitachi Power Systems
6.7.1 Mitsubishi Hitachi Power Systems Company Information
6.7.2 Mitsubishi Hitachi Power Systems Description and Business Overview
6.7.3 Mitsubishi Hitachi Power Systems Steam Turbine Sales, Revenue, and Gross Margin (2021–2026)
6.7.4 Mitsubishi Hitachi Power Systems Steam Turbine Product Portfolio
6.7.5 Mitsubishi Hitachi Power Systems Recent Developments/Updates
6.8 MAN Energy Solutions
6.8.1 MAN Energy Solutions Company Information
6.8.2 MAN Energy Solutions Description and Business Overview
6.8.3 MAN Energy Solutions Steam Turbine Sales, Revenue, and Gross Margin (2021–2026)
6.8.4 MAN Energy Solutions Steam Turbine Product Portfolio
6.8.5 MAN Energy Solutions Recent Developments/Updates
6.9 Fuji Electric
6.9.1 Fuji Electric Company Information
6.9.2 Fuji Electric Description and Business Overview
6.9.3 Fuji Electric Steam Turbine Sales, Revenue, and Gross Margin (2021–2026)
6.9.4 Fuji Electric Steam Turbine Product Portfolio
6.9.5 Fuji Electric Recent Developments/Updates
6.10 Ebara Elliott
6.10.1 Ebara Elliott Company Information
6.10.2 Ebara Elliott Description and Business Overview
6.10.3 Ebara Elliott Steam Turbine Sales, Revenue, and Gross Margin (2021–2026)
6.10.4 Ebara Elliott Steam Turbine Product Portfolio
6.10.5 Ebara Elliott Recent Developments/Updates
6.11 Doosan
6.11.1 Doosan Company Information
6.11.2 Doosan Description and Business Overview
6.11.3 Doosan Steam Turbine Sales, Revenue, and Gross Margin (2021–2026)
6.11.4 Doosan Steam Turbine Product Portfolio
6.11.5 Doosan Recent Developments/Updates
6.12 Ansaldo
6.12.1 Ansaldo Company Information
6.12.2 Ansaldo Description and Business Overview
6.12.3 Ansaldo Steam Turbine Sales, Revenue, and Gross Margin (2021–2026)
6.12.4 Ansaldo Steam Turbine Product Portfolio
6.12.5 Ansaldo Recent Developments/Updates
6.13 Kawasaki Heavy Industries
6.13.1 Kawasaki Heavy Industries Company Information
6.13.2 Kawasaki Heavy Industries Description and Business Overview
6.13.3 Kawasaki Heavy Industries Steam Turbine Sales, Revenue, and Gross Margin (2021–2026)
6.13.4 Kawasaki Heavy Industries Steam Turbine Product Portfolio
6.13.5 Kawasaki Heavy Industries Recent Developments/Updates
6.14 Power Machines
6.14.1 Power Machines Company Information
6.14.2 Power Machines Description and Business Overview
6.14.3 Power Machines Steam Turbine Sales, Revenue, and Gross Margin (2021–2026)
6.14.4 Power Machines Steam Turbine Product Portfolio
6.14.5 Power Machines Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Steam Turbine Industry Chain Analysis
7.2 Steam Turbine Raw Material Supply Analysis
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Steam Turbine Production Mode & Process Analysis
7.4 Steam Turbine Sales and Marketing
7.4.1 Steam Turbine Sales Channels
7.4.2 Steam Turbine Distributors
7.5 Steam Turbine Customer Analysis
8 Steam Turbine Market Dynamics
8.1 Steam Turbine Industry Trends
8.2 Steam Turbine Market Drivers
8.3 Steam Turbine Market Challenges
8.4 Steam Turbine Market Restraints
8.5 Impact of U.S. Tariffs
9 Research Findings and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
TABLE OF FIGURES
List of Tables
Table 1. Global Steam Turbine Market Value by Type (US$ Million), 2025 vs 2032
Table 2. Global Steam Turbine Market Value by Application (US$ Million), 2025 vs 2032
Table 3. Global Steam Turbine Market Competitive Situation by Manufacturers in 2025
Table 4. Global Steam Turbine Sales (MW) of Key Manufacturers (2021–2026)
Table 5. Global Steam Turbine Sales Market Share by Manufacturers (2021–2026)
Table 6. Global Steam Turbine Revenue (US$ Million) by Manufacturers (2021–2026)
Table 7. Global Steam Turbine Revenue Share by Manufacturers (2021–2026)
Table 8. Global Market Steam Turbine Average Price (USD/KW) of Key Manufacturers (2021–2026)
Table 9. Global Key Players of Steam Turbine, Industry Ranking, 2023 vs 2024 vs 2025
Table 10. Global Key Manufacturers of Steam Turbine, Manufacturing Sites and Headquarters
Table 11. Global Key Manufacturers of Steam Turbine, Product Types and Applications
Table 12. Global Key Manufacturers of Steam Turbine, Date of Entry into the Industry
Table 13. Global Manufacturers Market Concentration Ratio (CR5 and HHI)
Table 14. Global Steam Turbine Companies by Tier (Tier 1, Tier 2, Tier 3), based on Steam Turbine Revenue, 2025
Table 15. Manufacturers Mergers & Acquisitions, Expansion Plans
Table 16. Global Steam Turbine Market Size by Region (US$ Million): 2021 vs 2025 vs 2032
Table 17. Global Steam Turbine Sales by Region (MW), 2021–2026
Table 18. Global Steam Turbine Sales Market Share by Region (2021–2026)
Table 19. Global Steam Turbine Sales by Region (MW), 2027–2032
Table 20. Global Steam Turbine Sales Market Share by Region (2027–2032)
Table 21. Global Steam Turbine Revenue by Region (US$ Million), 2021–2026
Table 22. Global Steam Turbine Revenue Market Share by Region (2021–2026)
Table 23. Global Steam Turbine Revenue by Region (US$ Million), 2027–2032
Table 24. Global Steam Turbine Revenue Market Share by Region (2027–2032)
Table 25. North America Steam Turbine Revenue by Country: 2021 vs 2025 vs 2032 (US$ Million)
Table 26. North America Steam Turbine Sales by Country (MW), 2021–2026
Table 27. North America Steam Turbine Sales by Country (MW), 2027–2032
Table 28. North America Steam Turbine Revenue by Country (US$ Million), 2021–2026
Table 29. North America Steam Turbine Revenue by Country (US$ Million), 2027–2032
Table 30. Europe Steam Turbine Revenue by Country: 2021 vs 2025 vs 2032 (US$ Million)
Table 31. Europe Steam Turbine Sales by Country (MW), 2021–2026
Table 32. Europe Steam Turbine Sales by Country (MW), 2027–2032
Table 33. Europe Steam Turbine Revenue by Country (US$ Million), 2021–2026
Table 34. Europe Steam Turbine Revenue by Country (US$ Million), 2027–2032
Table 35. Asia Pacific Steam Turbine Revenue by Region: 2021 vs 2025 vs 2032 (US$ Million)
Table 36. Asia Pacific Steam Turbine Sales by Region (MW), 2021–2026
Table 37. Asia Pacific Steam Turbine Sales by Region (MW), 2027–2032
Table 38. Asia Pacific Steam Turbine Revenue by Region (US$ Million), 2021–2026
Table 39. Asia Pacific Steam Turbine Revenue by Region (US$ Million), 2027–2032
Table 40. Latin America Steam Turbine Revenue by Country: 2021 vs 2025 vs 2032 (US$ Million)
Table 41. Latin America Steam Turbine Sales by Country (MW), 2021–2026
Table 42. Latin America Steam Turbine Sales by Country (MW), 2027–2032
Table 43. Latin America Steam Turbine Revenue by Country (US$ Million), 2021–2026
Table 44. Latin America Steam Turbine Revenue by Country (US$ Million), 2027–2032
Table 45. Middle East and Africa Steam Turbine Revenue by Country: 2021 vs 2025 vs 2032 (US$ Million)
Table 46. Middle East and Africa Steam Turbine Sales by Country (MW), 2021–2026
Table 47. Middle East and Africa Steam Turbine Sales by Country (MW), 2027–2032
Table 48. Middle East and Africa Steam Turbine Revenue by Country (US$ Million), 2021–2026
Table 49. Middle East and Africa Steam Turbine Revenue by Country (US$ Million), 2027–2032
Table 50. Global Steam Turbine Sales (MW) by Type (2021–2026)
Table 51. Global Steam Turbine Sales (MW) by Type (2027–2032)
Table 52. Global Steam Turbine Sales Market Share by Type (2021–2026)
Table 53. Global Steam Turbine Sales Market Share by Type (2027–2032)
Table 54. Global Steam Turbine Revenue (US$ Million) by Type (2021–2026)
Table 55. Global Steam Turbine Revenue (US$ Million) by Type (2027–2032)
Table 56. Global Steam Turbine Revenue Market Share by Type (2021–2026)
Table 57. Global Steam Turbine Revenue Market Share by Type (2027–2032)
Table 58. Global Steam Turbine Price (USD/KW) by Type (2021–2026)
Table 59. Global Steam Turbine Price (USD/KW) by Type (2027–2032)
Table 60. Global Steam Turbine Sales (MW) by Application (2021–2026)
Table 61. Global Steam Turbine Sales (MW) by Application (2027–2032)
Table 62. Global Steam Turbine Sales Market Share by Application (2021–2026)
Table 63. Global Steam Turbine Sales Market Share by Application (2027–2032)
Table 64. Global Steam Turbine Revenue (US$ Million) by Application (2021–2026)
Table 65. Global Steam Turbine Revenue (US$ Million) by Application (2027–2032)
Table 66. Global Steam Turbine Revenue Market Share by Application (2021–2026)
Table 67. Global Steam Turbine Revenue Market Share by Application (2027–2032)
Table 68. Global Steam Turbine Price (USD/KW) by Application (2021–2026)
Table 69. Global Steam Turbine Price (USD/KW) by Application (2027–2032)
Table 70. General Electric Company Information
Table 71. General Electric Description and Business Overview
Table 72. General Electric Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW), and Gross Margin (2021–2026)
Table 73. General Electric Steam Turbine Product
Table 74. General Electric Recent Developments/Updates
Table 75. Siemens Company Information
Table 76. Siemens Description and Business Overview
Table 77. Siemens Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW), and Gross Margin (2021–2026)
Table 78. Siemens Steam Turbine Product
Table 79. Siemens Recent Developments/Updates
Table 80. Dongfang Turbine Company Information
Table 81. Dongfang Turbine Description and Business Overview
Table 82. Dongfang Turbine Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW), and Gross Margin (2021–2026)
Table 83. Dongfang Turbine Steam Turbine Product
Table 84. Dongfang Turbine Recent Developments/Updates
Table 85. Shanghai Electric Company Information
Table 86. Shanghai Electric Description and Business Overview
Table 87. Shanghai Electric Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW), and Gross Margin (2021–2026)
Table 88. Shanghai Electric Steam Turbine Product
Table 89. Shanghai Electric Recent Developments/Updates
Table 90. Hangzhou Steam Turbine(HTC) Company Information
Table 91. Hangzhou Steam Turbine(HTC) Description and Business Overview
Table 92. Hangzhou Steam Turbine(HTC) Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW), and Gross Margin (2021–2026)
Table 93. Hangzhou Steam Turbine(HTC) Steam Turbine Product
Table 94. Hangzhou Steam Turbine(HTC) Recent Developments/Updates
Table 95. Harbin Electric Corporation Company Information
Table 96. Harbin Electric Corporation Description and Business Overview
Table 97. Harbin Electric Corporation Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW), and Gross Margin (2021–2026)
Table 98. Harbin Electric Corporation Steam Turbine Product
Table 99. Harbin Electric Corporation Recent Developments/Updates
Table 100. Mitsubishi Hitachi Power Systems Company Information
Table 101. Mitsubishi Hitachi Power Systems Description and Business Overview
Table 102. Mitsubishi Hitachi Power Systems Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW), and Gross Margin (2021–2026)
Table 103. Mitsubishi Hitachi Power Systems Steam Turbine Product
Table 104. Mitsubishi Hitachi Power Systems Recent Developments/Updates
Table 105. MAN Energy Solutions Company Information
Table 106. MAN Energy Solutions Description and Business Overview
Table 107. MAN Energy Solutions Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW), and Gross Margin (2021–2026)
Table 108. MAN Energy Solutions Steam Turbine Product
Table 109. MAN Energy Solutions Recent Developments/Updates
Table 110. Fuji Electric Company Information
Table 111. Fuji Electric Description and Business Overview
Table 112. Fuji Electric Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW), and Gross Margin (2021–2026)
Table 113. Fuji Electric Steam Turbine Product
Table 114. Fuji Electric Recent Developments/Updates
Table 115. Ebara Elliott Company Information
Table 116. Ebara Elliott Description and Business Overview
Table 117. Ebara Elliott Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW), and Gross Margin (2021–2026)
Table 118. Ebara Elliott Steam Turbine Product
Table 119. Ebara Elliott Recent Developments/Updates
Table 120. Doosan Company Information
Table 121. Doosan Description and Business Overview
Table 122. Doosan Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW), and Gross Margin (2021–2026)
Table 123. Doosan Steam Turbine Product
Table 124. Doosan Recent Developments/Updates
Table 125. Ansaldo Company Information
Table 126. Ansaldo Description and Business Overview
Table 127. Ansaldo Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW), and Gross Margin (2021–2026)
Table 128. Ansaldo Steam Turbine Product
Table 129. Ansaldo Recent Developments/Updates
Table 130. Kawasaki Heavy Industries Company Information
Table 131. Kawasaki Heavy Industries Description and Business Overview
Table 132. Kawasaki Heavy Industries Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW), and Gross Margin (2021–2026)
Table 133. Kawasaki Heavy Industries Steam Turbine Product
Table 134. Kawasaki Heavy Industries Recent Developments/Updates
Table 135. Power Machines Company Information
Table 136. Power Machines Description and Business Overview
Table 137. Power Machines Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW), and Gross Margin (2021–2026)
Table 138. Power Machines Steam Turbine Product
Table 139. Power Machines Recent Developments/Updates
Table 140. Key Raw Materials Lists
Table 141. Raw Materials Key Suppliers Lists
Table 142. Steam Turbine Distributors List
Table 143. Steam Turbine Customers List
Table 144. Steam Turbine Market Trends
Table 145. Steam Turbine Market Drivers
Table 146. Steam Turbine Market Challenges
Table 147. Steam Turbine Market Restraints
Table 148. Research Programs/Design for This Report
Table 149. Key Data Information from Secondary Sources
Table 150. Key Data Information from Primary Sources
Table 151. Authors List of This Report
List of Figures
Figure 1. Product Picture of Steam Turbine
Figure 2. Global Steam Turbine Market Value by Type (US$ Million), 2021–2032
Figure 3. Global Steam Turbine Market Share by Type: 2025 & 2032
Figure 4. Non-Condensing Steam Turbine Product Picture
Figure 5. Condensing Steam Turbine Product Picture
Figure 6. Global Steam Turbine Market Value by Application (US$ Million), 2021–2032
Figure 7. Global Steam Turbine Market Share by Application: 2025 & 2032
Figure 8. Power Generation
Figure 9. Industrial
Figure 10. Others
Figure 11. Global Steam Turbine Revenue, (US$ Million), 2021 vs 2025 vs 2032
Figure 12. Global Steam Turbine Market Size (US$ Million), 2021–2032
Figure 13. Global Steam Turbine Sales (MW), 2021–2032
Figure 14. Global Steam Turbine Average Price (USD/KW), 2021–2032
Figure 15. Steam Turbine Report Years Considered
Figure 16. Steam Turbine Sales Share by Manufacturers in 2025
Figure 17. Global Steam Turbine Revenue Share by Manufacturers in 2025
Figure 18. Top 5 and Top 10 Global Steam Turbine Players: Market Share by Revenue in Steam Turbine in 2025
Figure 19. Steam Turbine Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2021 vs 2025
Figure 20. Global Steam Turbine Market Size by Region (US$ Million): 2021 vs 2025 vs 2032
Figure 21. North America Steam Turbine Sales Market Share by Country (2021–2032)
Figure 22. North America Steam Turbine Revenue Market Share by Country (2021–2032)
Figure 23. United States Steam Turbine Revenue Growth Rate (US$ Million), 2021–2032
Figure 24. Canada Steam Turbine Revenue Growth Rate (US$ Million), 2021–2032
Figure 25. Europe Steam Turbine Sales Market Share by Country (2021–2032)
Figure 26. Europe Steam Turbine Revenue Market Share by Country (2021–2032)
Figure 27. Germany Steam Turbine Revenue Growth Rate (US$ Million), 2021–2032
Figure 28. France Steam Turbine Revenue Growth Rate (US$ Million), 2021–2032
Figure 29. U.K. Steam Turbine Revenue Growth Rate (US$ Million), 2021–2032
Figure 30. Italy Steam Turbine Revenue Growth Rate (US$ Million), 2021–2032
Figure 31. Spain Steam Turbine Revenue Growth Rate (US$ Million), 2021–2032
Figure 32. Asia Pacific Steam Turbine Sales Market Share by Region (2021–2032)
Figure 33. Asia Pacific Steam Turbine Revenue Market Share by Region (2021–2032)
Figure 34. China Steam Turbine Revenue Growth Rate (US$ Million), 2021–2032
Figure 35. Japan Steam Turbine Revenue Growth Rate (US$ Million), 2021–2032
Figure 36. South Korea Steam Turbine Revenue Growth Rate (US$ Million), 2021–2032
Figure 37. Southeast Asia Steam Turbine Revenue Growth Rate (US$ Million), 2021–2032
Figure 38. Latin America Steam Turbine Sales Market Share by Country (2021–2032)
Figure 39. Latin America Steam Turbine Revenue Market Share by Country (2021–2032)
Figure 40. Brazil Steam Turbine Revenue Growth Rate (US$ Million), 2021–2032
Figure 41. Argentina Steam Turbine Revenue Growth Rate (US$ Million), 2021–2032
Figure 42. Middle East and Africa Steam Turbine Sales Market Share by Country (2021–2032)
Figure 43. Middle East and Africa Steam Turbine Revenue Market Share by Country (2021–2032)
Figure 44. Turkey Steam Turbine Revenue Growth Rate (US$ Million), 2021–2032
Figure 45. UAE Steam Turbine Revenue Growth Rate (US$ Million), 2021–2032
Figure 46. Global Sales Market Share of Steam Turbine by Type (2021–2032)
Figure 47. Global Revenue Market Share of Steam Turbine by Type (2021–2032)
Figure 48. Global Steam Turbine Price (USD/KW) by Type (2021–2032)
Figure 49. Global Sales Market Share of Steam Turbine by Application (2021–2032)
Figure 50. Global Revenue Market Share of Steam Turbine by Application (2021–2032)
Figure 51. Global Steam Turbine Price (USD/KW) by Application (2021–2032)
Figure 52. Steam Turbine Value Chain
Figure 53. Channels of Distribution (Direct Vs Distribution)
Figure 54. Bottom-up and Top-down Approaches for This Report
Figure 55. Data Triangulation
Figure 56. Key Executives Interviewed
KEY QUESTIONS ADDRESSED BY THE REPORT
What was the global market size of Steam Turbine in 2032?
The global market size of Steam Turbine in 2032 was 16610 Million USD.
Which region is expected to have the highest market share?
What is the annual compound growth rate of the global Steam Turbine market size from 2026 to 2032?
What was the global market size of Steam Turbine in 2026?
Which companies rank high in the global Steam Turbine market?
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