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Global API Steam Turbine Market Research Report 2025
Synopsis
API 611-compliant single-stage turbines feature a small footprint, wide speed range, and wide steam conditions. API 612 compliant steam turbines are available in the range 1.5MW to 100MW for various drive applications and power generation.
The global API Steam Turbine market was valued at US$ 2535.8 million in 2023 and is anticipated to reach US$ 3443 million by 2030, witnessing a CAGR of 3.9% during the forecast period 2024-2030.
The top five global API Steam Turbine players are Siemens, General Electric, Shanghai Electric, Dongfang Turbine, and Hangzhou Steam Turbine (HTC), which together account for about 60% of the market share. Among them, Siemens is the largest player. In terms of sales revenue, Asia Pacific region occupies the largest market share with about 45%, followed by Europe. In terms of product type, the products can be divided into two categories: API 611 general-purpose turbine and API 612 special-purpose turbine, with the special-purpose type occupying a larger market share, accounting for about 65%. In terms of its applications, it can be divided into three fields: oil and gas, chemical industry and power generation, with oil and gas accounting for about 38% of the market share.
This report aims to provide a comprehensive presentation of the global market for API 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 API Steam Turbine.
Report Scope
The API Steam Turbine market size, estimations, and forecasts are provided in terms of output/shipments (MW) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global API Steam Turbine market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the API Steam Turbine manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Siemens
General Electric
Shanghai Electric
Dongfang Turbine
Hangzhou Steam Turbine(HTC)
MAN Energy Solutions
Kawasaki Heavy Industries
Mitsubishi Hitachi Power Systems
Elliott
Triveni Turbine
Kessels
KEPL
CTMI
Skinner Power Systems
Segment by Type
API 611 General Purpose Steam Turbine
API 612 Special Purpose Turbine
Segment by Application
Oil and Gas
Chemical
Power Generation
Others
Production by Region
North America
Europe
China
Japan
India
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of API Steam Turbine manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of API Steam Turbine by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of API 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: The main points and conclusions of the report.
API 611-compliant single-stage turbines feature a small footprint, wide speed range, and wide steam conditions. API 612 compliant steam turbines are available in the range 1.5MW to 100MW for various drive applications and power generation.
The global API Steam Turbine market was valued at US$ 2535.8 million in 2023 and is anticipated to reach US$ 3443 million by 2030, witnessing a CAGR of 3.9% during the forecast period 2024-2030.
The top five global API Steam Turbine players are Siemens, General Electric, Shanghai Electric, Dongfang Turbine, and Hangzhou Steam Turbine (HTC), which together account for about 60% of the market share. Among them, Siemens is the largest player. In terms of sales revenue, Asia Pacific region occupies the largest market share with about 45%, followed by Europe. In terms of product type, the products can be divided into two categories: API 611 general-purpose turbine and API 612 special-purpose turbine, with the special-purpose type occupying a larger market share, accounting for about 65%. In terms of its applications, it can be divided into three fields: oil and gas, chemical industry and power generation, with oil and gas accounting for about 38% of the market share.
This report aims to provide a comprehensive presentation of the global market for API 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 API Steam Turbine.
Report Scope
The API Steam Turbine market size, estimations, and forecasts are provided in terms of output/shipments (MW) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global API Steam Turbine market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the API Steam Turbine manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Siemens
General Electric
Shanghai Electric
Dongfang Turbine
Hangzhou Steam Turbine(HTC)
MAN Energy Solutions
Kawasaki Heavy Industries
Mitsubishi Hitachi Power Systems
Elliott
Triveni Turbine
Kessels
KEPL
CTMI
Skinner Power Systems
Segment by Type
API 611 General Purpose Steam Turbine
API 612 Special Purpose Turbine
Segment by Application
Oil and Gas
Chemical
Power Generation
Others
Production by Region
North America
Europe
China
Japan
India
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of API Steam Turbine manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of API Steam Turbine by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of API 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: The main points and conclusions of the report.
Index1 API Steam Turbine Market Overview
1.1 Product Definition
1.2 API Steam Turbine Segment by Type
1.2.1 Global API Steam Turbine Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 API 611 General Purpose Steam Turbine
1.2.3 API 612 Special Purpose Turbine
1.3 API Steam Turbine Segment by Application
1.3.1 Global API Steam Turbine Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Oil and Gas
1.3.3 Chemical
1.3.4 Power Generation
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global API Steam Turbine Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global API Steam Turbine Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global API Steam Turbine Production Estimates and Forecasts (2019-2030)
1.4.4 Global API Steam Turbine Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global API Steam Turbine Production Market Share by Manufacturers (2019-2024)
2.2 Global API Steam Turbine Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of API Steam Turbine, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global API Steam Turbine Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global API Steam Turbine Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of API Steam Turbine, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of API Steam Turbine, Product Offered and Application
2.8 Global Key Manufacturers of API Steam Turbine, Date of Enter into This Industry
2.9 API Steam Turbine Market Competitive Situation and Trends
2.9.1 API Steam Turbine Market Concentration Rate
2.9.2 Global 5 and 10 Largest API Steam Turbine Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 API Steam Turbine Production by Region
3.1 Global API Steam Turbine Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global API Steam Turbine Production Value by Region (2019-2030)
3.2.1 Global API Steam Turbine Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of API Steam Turbine by Region (2025-2030)
3.3 Global API Steam Turbine Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global API Steam Turbine Production by Region (2019-2030)
3.4.1 Global API Steam Turbine Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of API Steam Turbine by Region (2025-2030)
3.5 Global API Steam Turbine Market Price Analysis by Region (2019-2024)
3.6 Global API Steam Turbine Production and Value, Year-over-Year Growth
3.6.1 North America API Steam Turbine Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe API Steam Turbine Production Value Estimates and Forecasts (2019-2030)
3.6.3 China API Steam Turbine Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan API Steam Turbine Production Value Estimates and Forecasts (2019-2030)
3.6.5 India API Steam Turbine Production Value Estimates and Forecasts (2019-2030)
4 API Steam Turbine Consumption by Region
4.1 Global API Steam Turbine Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global API Steam Turbine Consumption by Region (2019-2030)
4.2.1 Global API Steam Turbine Consumption by Region (2019-2024)
4.2.2 Global API Steam Turbine Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America API Steam Turbine Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America API Steam Turbine Consumption by Country (2019-2030)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe API Steam Turbine Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe API Steam Turbine Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific API Steam Turbine Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific API Steam Turbine Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa API Steam Turbine Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa API Steam Turbine Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global API Steam Turbine Production by Type (2019-2030)
5.1.1 Global API Steam Turbine Production by Type (2019-2024)
5.1.2 Global API Steam Turbine Production by Type (2025-2030)
5.1.3 Global API Steam Turbine Production Market Share by Type (2019-2030)
5.2 Global API Steam Turbine Production Value by Type (2019-2030)
5.2.1 Global API Steam Turbine Production Value by Type (2019-2024)
5.2.2 Global API Steam Turbine Production Value by Type (2025-2030)
5.2.3 Global API Steam Turbine Production Value Market Share by Type (2019-2030)
5.3 Global API Steam Turbine Price by Type (2019-2030)
6 Segment by Application
6.1 Global API Steam Turbine Production by Application (2019-2030)
6.1.1 Global API Steam Turbine Production by Application (2019-2024)
6.1.2 Global API Steam Turbine Production by Application (2025-2030)
6.1.3 Global API Steam Turbine Production Market Share by Application (2019-2030)
6.2 Global API Steam Turbine Production Value by Application (2019-2030)
6.2.1 Global API Steam Turbine Production Value by Application (2019-2024)
6.2.2 Global API Steam Turbine Production Value by Application (2025-2030)
6.2.3 Global API Steam Turbine Production Value Market Share by Application (2019-2030)
6.3 Global API Steam Turbine Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Siemens
7.1.1 Siemens API Steam Turbine Corporation Information
7.1.2 Siemens API Steam Turbine Product Portfolio
7.1.3 Siemens API Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Siemens Main Business and Markets Served
7.1.5 Siemens Recent Developments/Updates
7.2 General Electric
7.2.1 General Electric API Steam Turbine Corporation Information
7.2.2 General Electric API Steam Turbine Product Portfolio
7.2.3 General Electric API Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.2.4 General Electric Main Business and Markets Served
7.2.5 General Electric Recent Developments/Updates
7.3 Shanghai Electric
7.3.1 Shanghai Electric API Steam Turbine Corporation Information
7.3.2 Shanghai Electric API Steam Turbine Product Portfolio
7.3.3 Shanghai Electric API Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Shanghai Electric Main Business and Markets Served
7.3.5 Shanghai Electric Recent Developments/Updates
7.4 Dongfang Turbine
7.4.1 Dongfang Turbine API Steam Turbine Corporation Information
7.4.2 Dongfang Turbine API Steam Turbine Product Portfolio
7.4.3 Dongfang Turbine API Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Dongfang Turbine Main Business and Markets Served
7.4.5 Dongfang Turbine Recent Developments/Updates
7.5 Hangzhou Steam Turbine(HTC)
7.5.1 Hangzhou Steam Turbine(HTC) API Steam Turbine Corporation Information
7.5.2 Hangzhou Steam Turbine(HTC) API Steam Turbine Product Portfolio
7.5.3 Hangzhou Steam Turbine(HTC) API Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Hangzhou Steam Turbine(HTC) Main Business and Markets Served
7.5.5 Hangzhou Steam Turbine(HTC) Recent Developments/Updates
7.6 MAN Energy Solutions
7.6.1 MAN Energy Solutions API Steam Turbine Corporation Information
7.6.2 MAN Energy Solutions API Steam Turbine Product Portfolio
7.6.3 MAN Energy Solutions API Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.6.4 MAN Energy Solutions Main Business and Markets Served
7.6.5 MAN Energy Solutions Recent Developments/Updates
7.7 Kawasaki Heavy Industries
7.7.1 Kawasaki Heavy Industries API Steam Turbine Corporation Information
7.7.2 Kawasaki Heavy Industries API Steam Turbine Product Portfolio
7.7.3 Kawasaki Heavy Industries API Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Kawasaki Heavy Industries Main Business and Markets Served
7.7.5 Kawasaki Heavy Industries Recent Developments/Updates
7.8 Mitsubishi Hitachi Power Systems
7.8.1 Mitsubishi Hitachi Power Systems API Steam Turbine Corporation Information
7.8.2 Mitsubishi Hitachi Power Systems API Steam Turbine Product Portfolio
7.8.3 Mitsubishi Hitachi Power Systems API Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Mitsubishi Hitachi Power Systems Main Business and Markets Served
7.7.5 Mitsubishi Hitachi Power Systems Recent Developments/Updates
7.9 Elliott
7.9.1 Elliott API Steam Turbine Corporation Information
7.9.2 Elliott API Steam Turbine Product Portfolio
7.9.3 Elliott API Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Elliott Main Business and Markets Served
7.9.5 Elliott Recent Developments/Updates
7.10 Triveni Turbine
7.10.1 Triveni Turbine API Steam Turbine Corporation Information
7.10.2 Triveni Turbine API Steam Turbine Product Portfolio
7.10.3 Triveni Turbine API Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Triveni Turbine Main Business and Markets Served
7.10.5 Triveni Turbine Recent Developments/Updates
7.11 Kessels
7.11.1 Kessels API Steam Turbine Corporation Information
7.11.2 Kessels API Steam Turbine Product Portfolio
7.11.3 Kessels API Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Kessels Main Business and Markets Served
7.11.5 Kessels Recent Developments/Updates
7.12 KEPL
7.12.1 KEPL API Steam Turbine Corporation Information
7.12.2 KEPL API Steam Turbine Product Portfolio
7.12.3 KEPL API Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.12.4 KEPL Main Business and Markets Served
7.12.5 KEPL Recent Developments/Updates
7.13 CTMI
7.13.1 CTMI API Steam Turbine Corporation Information
7.13.2 CTMI API Steam Turbine Product Portfolio
7.13.3 CTMI API Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.13.4 CTMI Main Business and Markets Served
7.13.5 CTMI Recent Developments/Updates
7.14 Skinner Power Systems
7.14.1 Skinner Power Systems API Steam Turbine Corporation Information
7.14.2 Skinner Power Systems API Steam Turbine Product Portfolio
7.14.3 Skinner Power Systems API Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Skinner Power Systems Main Business and Markets Served
7.14.5 Skinner Power Systems Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 API Steam Turbine Industry Chain Analysis
8.2 API Steam Turbine Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 API Steam Turbine Production Mode & Process
8.4 API Steam Turbine Sales and Marketing
8.4.1 API Steam Turbine Sales Channels
8.4.2 API Steam Turbine Distributors
8.5 API Steam Turbine Customers
9 API Steam Turbine Market Dynamics
9.1 API Steam Turbine Industry Trends
9.2 API Steam Turbine Market Drivers
9.3 API Steam Turbine Market Challenges
9.4 API Steam Turbine Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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