Abstract
Summary
According to our LPI (LP Information) latest study, the global Steam Turbines market size was valued at US$ 6102.3 million in 2023. With growing demand in downstream market, the Steam Turbines is forecast to a readjusted size of US$ 7921 million by 2030 with a CAGR of 3.8% during review period.
The research report highlights the growth potential of the global Steam Turbines market. Steam Turbines are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Steam Turbines. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Steam Turbines market.
Steam Turbine is a device that extracts thermal energy from pressurized steam and uses it to do mechanical work on a rotating output shaft.
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 62%, followed by North America and Asia-Pacific, both have a sha
The research report highlights the growth potential of the global Steam Turbines market. Steam Turbines are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Steam Turbines. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Steam Turbines market.
Steam Turbine is a device that extracts thermal energy from pressurized steam and uses it to do mechanical work on a rotating output shaft.
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 62%, followed by North America and Asia-Pacific, both have a sha
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Steam Turbines Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Steam Turbines by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Steam Turbines by Country/Region, 2019, 2023 & 2030
2.2 Steam Turbines Segment by Type
2.2.1 Steam Cycle
2.2.2 Combined Cycle
2.3 Steam Turbines Sales by Type
2.3.1 Global Steam Turbines Sales Market Share by Type (2019-2024)
2.3.2 Global Steam Turbines Revenue and Market Share by Type (2019-2024)
2.3.3 Global Steam Turbines Sale Price by Type (2019-2024)
2.4 Steam Turbines Segment by Application
2.4.1 Coal
2.4.2 Nuclear
2.4.3 Biomass
2.4.4 Others
2.5 Steam Turbines Sales by Application
2.5.1 Global Steam Turbines Sale Market Share by Application (2019-2024)
2.5.2 Global Steam Turbines Revenue and Market Share by Application (2019-2024)
2.5.3 Global Steam Turbines Sale Price by Application (2019-2024)
3 Global Steam Turbines by Company
3.1 Global Steam Turbines Breakdown Data by Company
3.1.1 Global Steam Turbines Annual Sales by Company (2019-2024)
3.1.2 Global Steam Turbines Sales Market Share by Company (2019-2024)
3.2 Global Steam Turbines Annual Revenue by Company (2019-2024)
3.2.1 Global Steam Turbines Revenue by Company (2019-2024)
3.2.2 Global Steam Turbines Revenue Market Share by Company (2019-2024)
3.3 Global Steam Turbines Sale Price by Company
3.4 Key Manufacturers Steam Turbines Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Steam Turbines Product Location Distribution
3.4.2 Players Steam Turbines Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Steam Turbines by Geographic Region
4.1 World Historic Steam Turbines Market Size by Geographic Region (2019-2024)
4.1.1 Global Steam Turbines Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Steam Turbines Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Steam Turbines Market Size by Country/Region (2019-2024)
4.2.1 Global Steam Turbines Annual Sales by Country/Region (2019-2024)
4.2.2 Global Steam Turbines Annual Revenue by Country/Region (2019-2024)
4.3 Americas Steam Turbines Sales Growth
4.4 APAC Steam Turbines Sales Growth
4.5 Europe Steam Turbines Sales Growth
4.6 Middle East & Africa Steam Turbines Sales Growth
5 Americas
5.1 Americas Steam Turbines Sales by Country
5.1.1 Americas Steam Turbines Sales by Country (2019-2024)
5.1.2 Americas Steam Turbines Revenue by Country (2019-2024)
5.2 Americas Steam Turbines Sales by Type
5.3 Americas Steam Turbines Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Steam Turbines Sales by Region
6.1.1 APAC Steam Turbines Sales by Region (2019-2024)
6.1.2 APAC Steam Turbines Revenue by Region (2019-2024)
6.2 APAC Steam Turbines Sales by Type
6.3 APAC Steam Turbines Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Steam Turbines by Country
7.1.1 Europe Steam Turbines Sales by Country (2019-2024)
7.1.2 Europe Steam Turbines Revenue by Country (2019-2024)
7.2 Europe Steam Turbines Sales by Type
7.3 Europe Steam Turbines Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Steam Turbines by Country
8.1.1 Middle East & Africa Steam Turbines Sales by Country (2019-2024)
8.1.2 Middle East & Africa Steam Turbines Revenue by Country (2019-2024)
8.2 Middle East & Africa Steam Turbines Sales by Type
8.3 Middle East & Africa Steam Turbines Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Steam Turbines
10.3 Manufacturing Process Analysis of Steam Turbines
10.4 Industry Chain Structure of Steam Turbines
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Steam Turbines Distributors
11.3 Steam Turbines Customer
12 World Forecast Review for Steam Turbines by Geographic Region
12.1 Global Steam Turbines Market Size Forecast by Region
12.1.1 Global Steam Turbines Forecast by Region (2025-2030)
12.1.2 Global Steam Turbines Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Steam Turbines Forecast by Type
12.7 Global Steam Turbines Forecast by Application
13 Key Players Analysis
13.1 Alstom
13.1.1 Alstom Company Information
13.1.2 Alstom Steam Turbines Product Portfolios and Specifications
13.1.3 Alstom Steam Turbines Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Alstom Main Business Overview
13.1.5 Alstom Latest Developments
13.2 Siemens
13.2.1 Siemens Company Information
13.2.2 Siemens Steam Turbines Product Portfolios and Specifications
13.2.3 Siemens Steam Turbines Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Siemens Main Business Overview
13.2.5 Siemens Latest Developments
13.3 Toshiba
13.3.1 Toshiba Company Information
13.3.2 Toshiba Steam Turbines Product Portfolios and Specifications
13.3.3 Toshiba Steam Turbines Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Toshiba Main Business Overview
13.3.5 Toshiba Latest Developments
13.4 Mitsubishi Hitachi Power Systems
13.4.1 Mitsubishi Hitachi Power Systems Company Information
13.4.2 Mitsubishi Hitachi Power Systems Steam Turbines Product Portfolios and Specifications
13.4.3 Mitsubishi Hitachi Power Systems Steam Turbines Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Mitsubishi Hitachi Power Systems Main Business Overview
13.4.5 Mitsubishi Hitachi Power Systems Latest Developments
13.5 Eliott
13.5.1 Eliott Company Information
13.5.2 Eliott Steam Turbines Product Portfolios and Specifications
13.5.3 Eliott Steam Turbines Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Eliott Main Business Overview
13.5.5 Eliott Latest Developments
13.6 Ansaldo Energia
13.6.1 Ansaldo Energia Company Information
13.6.2 Ansaldo Energia Steam Turbines Product Portfolios and Specifications
13.6.3 Ansaldo Energia Steam Turbines Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Ansaldo Energia Main Business Overview
13.6.5 Ansaldo Energia Latest Developments
13.7 Shanghai Electric
13.7.1 Shanghai Electric Company Information
13.7.2 Shanghai Electric Steam Turbines Product Portfolios and Specifications
13.7.3 Shanghai Electric Steam Turbines Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Shanghai Electric Main Business Overview
13.7.5 Shanghai Electric Latest Developments
13.8 Dongfang Electric
13.8.1 Dongfang Electric Company Information
13.8.2 Dongfang Electric Steam Turbines Product Portfolios and Specifications
13.8.3 Dongfang Electric Steam Turbines Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Dongfang Electric Main Business Overview
13.8.5 Dongfang Electric Latest Developments
13.9 Harbin Electric
13.9.1 Harbin Electric Company Information
13.9.2 Harbin Electric Steam Turbines Product Portfolios and Specifications
13.9.3 Harbin Electric Steam Turbines Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Harbin Electric Main Business Overview
13.9.5 Harbin Electric Latest Developments
13.10 Doosan Skoda Power
13.10.1 Doosan Skoda Power Company Information
13.10.2 Doosan Skoda Power Steam Turbines Product Portfolios and Specifications
13.10.3 Doosan Skoda Power Steam Turbines Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Doosan Skoda Power Main Business Overview
13.10.5 Doosan Skoda Power Latest Developments
13.11 Bharat Heavy Electricals
13.11.1 Bharat Heavy Electricals Company Information
13.11.2 Bharat Heavy Electricals Steam Turbines Product Portfolios and Specifications
13.11.3 Bharat Heavy Electricals Steam Turbines Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 Bharat Heavy Electricals Main Business Overview
13.11.5 Bharat Heavy Electricals Latest Developments
13.12 Fuji Electric
13.12.1 Fuji Electric Company Information
13.12.2 Fuji Electric Steam Turbines Product Portfolios and Specifications
13.12.3 Fuji Electric Steam Turbines Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 Fuji Electric Main Business Overview
13.12.5 Fuji Electric Latest Developments
13.13 Man Diesel & Turbo
13.13.1 Man Diesel & Turbo Company Information
13.13.2 Man Diesel & Turbo Steam Turbines Product Portfolios and Specifications
13.13.3 Man Diesel & Turbo Steam Turbines Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 Man Diesel & Turbo Main Business Overview
13.13.5 Man Diesel & Turbo Latest Developments
14 Research Findings and Conclusion