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᯹

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