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Global Steam Turbine Market Research Report 2025

Global Steam Turbine Market Research Report 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1409168

No of Pages : 107

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Synopsis

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

The global Steam Turbine market was valued at US$ 6238 million in 2023 and is anticipated to reach US$ 6931.9 million by 2030, witnessing a CAGR of 1.5% during the forecast period 2024-2030.

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.

This report 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.

Report Scope

The 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 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 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

  • 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

Segment by Type

  • Condensing Steam Turbine
  • Non-Condensing Steam Turbine

Segment by Application

  • Power Generation
  • Industrial
  • Others

Production by Region

  • North America
  • Europe
  • China
  • Japan

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

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 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 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 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.

Index

1 Steam Turbine Market Overview
1.1 Product Definition
1.2 Steam Turbine Segment by Type
1.2.1 Global Steam Turbine Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Condensing Steam Turbine
1.2.3 Non-Condensing Steam Turbine
1.3 Steam Turbine Segment by Application
1.3.1 Global Steam Turbine Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Power Generation
1.3.3 Industrial
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Steam Turbine Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Steam Turbine Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Steam Turbine Production Estimates and Forecasts (2019-2030)
1.4.4 Global Steam Turbine Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Steam Turbine Production Market Share by Manufacturers (2019-2024)
2.2 Global Steam Turbine Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Steam Turbine, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Steam Turbine Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Steam Turbine Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Steam Turbine, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Steam Turbine, Product Offered and Application
2.8 Global Key Manufacturers of Steam Turbine, Date of Enter into This Industry
2.9 Steam Turbine Market Competitive Situation and Trends
2.9.1 Steam Turbine Market Concentration Rate
2.9.2 Global 5 and 10 Largest Steam Turbine Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Steam Turbine Production by Region
3.1 Global Steam Turbine Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Steam Turbine Production Value by Region (2019-2030)
3.2.1 Global Steam Turbine Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Steam Turbine by Region (2025-2030)
3.3 Global Steam Turbine Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Steam Turbine Production by Region (2019-2030)
3.4.1 Global Steam Turbine Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Steam Turbine by Region (2025-2030)
3.5 Global Steam Turbine Market Price Analysis by Region (2019-2024)
3.6 Global Steam Turbine Production and Value, Year-over-Year Growth
3.6.1 North America Steam Turbine Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Steam Turbine Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Steam Turbine Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Steam Turbine Production Value Estimates and Forecasts (2019-2030)
4 Steam Turbine Consumption by Region
4.1 Global Steam Turbine Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Steam Turbine Consumption by Region (2019-2030)
4.2.1 Global Steam Turbine Consumption by Region (2019-2024)
4.2.2 Global Steam Turbine Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Steam Turbine Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Steam Turbine Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Steam Turbine Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe 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 Steam Turbine Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific 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 Steam Turbine Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa 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 Steam Turbine Production by Type (2019-2030)
5.1.1 Global Steam Turbine Production by Type (2019-2024)
5.1.2 Global Steam Turbine Production by Type (2025-2030)
5.1.3 Global Steam Turbine Production Market Share by Type (2019-2030)
5.2 Global Steam Turbine Production Value by Type (2019-2030)
5.2.1 Global Steam Turbine Production Value by Type (2019-2024)
5.2.2 Global Steam Turbine Production Value by Type (2025-2030)
5.2.3 Global Steam Turbine Production Value Market Share by Type (2019-2030)
5.3 Global Steam Turbine Price by Type (2019-2030)
6 Segment by Application
6.1 Global Steam Turbine Production by Application (2019-2030)
6.1.1 Global Steam Turbine Production by Application (2019-2024)
6.1.2 Global Steam Turbine Production by Application (2025-2030)
6.1.3 Global Steam Turbine Production Market Share by Application (2019-2030)
6.2 Global Steam Turbine Production Value by Application (2019-2030)
6.2.1 Global Steam Turbine Production Value by Application (2019-2024)
6.2.2 Global Steam Turbine Production Value by Application (2025-2030)
6.2.3 Global Steam Turbine Production Value Market Share by Application (2019-2030)
6.3 Global Steam Turbine Price by Application (2019-2030)
7 Key Companies Profiled
7.1 GE
7.1.1 GE Steam Turbine Corporation Information
7.1.2 GE Steam Turbine Product Portfolio
7.1.3 GE Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.1.4 GE Main Business and Markets Served
7.1.5 GE Recent Developments/Updates
7.2 Siemens
7.2.1 Siemens Steam Turbine Corporation Information
7.2.2 Siemens Steam Turbine Product Portfolio
7.2.3 Siemens Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Siemens Main Business and Markets Served
7.2.5 Siemens Recent Developments/Updates
7.3 DEC
7.3.1 DEC Steam Turbine Corporation Information
7.3.2 DEC Steam Turbine Product Portfolio
7.3.3 DEC Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.3.4 DEC Main Business and Markets Served
7.3.5 DEC Recent Developments/Updates
7.4 Shanghai Electric
7.4.1 Shanghai Electric Steam Turbine Corporation Information
7.4.2 Shanghai Electric Steam Turbine Product Portfolio
7.4.3 Shanghai Electric Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Shanghai Electric Main Business and Markets Served
7.4.5 Shanghai Electric Recent Developments/Updates
7.5 HTC
7.5.1 HTC Steam Turbine Corporation Information
7.5.2 HTC Steam Turbine Product Portfolio
7.5.3 HTC Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.5.4 HTC Main Business and Markets Served
7.5.5 HTC Recent Developments/Updates
7.6 Harbin Turbine Company Limited
7.6.1 Harbin Turbine Company Limited Steam Turbine Corporation Information
7.6.2 Harbin Turbine Company Limited Steam Turbine Product Portfolio
7.6.3 Harbin Turbine Company Limited Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Harbin Turbine Company Limited Main Business and Markets Served
7.6.5 Harbin Turbine Company Limited Recent Developments/Updates
7.7 MHPS
7.7.1 MHPS Steam Turbine Corporation Information
7.7.2 MHPS Steam Turbine Product Portfolio
7.7.3 MHPS Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.7.4 MHPS Main Business and Markets Served
7.7.5 MHPS Recent Developments/Updates
7.8 MAN Power Engineering
7.8.1 MAN Power Engineering Steam Turbine Corporation Information
7.8.2 MAN Power Engineering Steam Turbine Product Portfolio
7.8.3 MAN Power Engineering Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.8.4 MAN Power Engineering Main Business and Markets Served
7.7.5 MAN Power Engineering Recent Developments/Updates
7.9 Fuji Electric
7.9.1 Fuji Electric Steam Turbine Corporation Information
7.9.2 Fuji Electric Steam Turbine Product Portfolio
7.9.3 Fuji Electric Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Fuji Electric Main Business and Markets Served
7.9.5 Fuji Electric Recent Developments/Updates
7.10 Elliott Group
7.10.1 Elliott Group Steam Turbine Corporation Information
7.10.2 Elliott Group Steam Turbine Product Portfolio
7.10.3 Elliott Group Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Elliott Group Main Business and Markets Served
7.10.5 Elliott Group Recent Developments/Updates
7.11 Doosan
7.11.1 Doosan Steam Turbine Corporation Information
7.11.2 Doosan Steam Turbine Product Portfolio
7.11.3 Doosan Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Doosan Main Business and Markets Served
7.11.5 Doosan Recent Developments/Updates
7.12 Ansaldo Energia
7.12.1 Ansaldo Energia Steam Turbine Corporation Information
7.12.2 Ansaldo Energia Steam Turbine Product Portfolio
7.12.3 Ansaldo Energia Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Ansaldo Energia Main Business and Markets Served
7.12.5 Ansaldo Energia Recent Developments/Updates
7.13 Kawasaki
7.13.1 Kawasaki Steam Turbine Corporation Information
7.13.2 Kawasaki Steam Turbine Product Portfolio
7.13.3 Kawasaki Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Kawasaki Main Business and Markets Served
7.13.5 Kawasaki Recent Developments/Updates
7.14 Power Machines
7.14.1 Power Machines Steam Turbine Corporation Information
7.14.2 Power Machines Steam Turbine Product Portfolio
7.14.3 Power Machines Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Power Machines Main Business and Markets Served
7.14.5 Power Machines Recent Developments/Updates
7.15 Toshiba
7.15.1 Toshiba Steam Turbine Corporation Information
7.15.2 Toshiba Steam Turbine Product Portfolio
7.15.3 Toshiba Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Toshiba Main Business and Markets Served
7.15.5 Toshiba Recent Developments/Updates
7.16 Ansaldo
7.16.1 Ansaldo Steam Turbine Corporation Information
7.16.2 Ansaldo Steam Turbine Product Portfolio
7.16.3 Ansaldo Steam Turbine Production, Value, Price and Gross Margin (2019-2024)
7.16.4 Ansaldo Main Business and Markets Served
7.16.5 Ansaldo Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Steam Turbine Industry Chain Analysis
8.2 Steam Turbine Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Steam Turbine Production Mode & Process
8.4 Steam Turbine Sales and Marketing
8.4.1 Steam Turbine Sales Channels
8.4.2 Steam Turbine Distributors
8.5 Steam Turbine Customers
9 Steam Turbine Market Dynamics
9.1 Steam Turbine Industry Trends
9.2 Steam Turbine Market Drivers
9.3 Steam Turbine Market Challenges
9.4 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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