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Steam Turbines-Global Market Insights and Sales Trends 2025
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 Turbines market size is expected to reach US$ 8065.2 million by 2029, growing at a CAGR of 3.7% from 2023 to 2029. The market is mainly driven by the significant applications of Steam Turbines in various end use industries. The expanding demands from the Coal, Nuclear, Biomass and Others, are propelling Steam Turbines market. Steam Cycle, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Combined Cycle segment is estimated at % CAGR for the next seven-year period.
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
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 Turbines market size is expected to reach US$ 8065.2 million by 2029, growing at a CAGR of 3.7% from 2023 to 2029. The market is mainly driven by the significant applications of Steam Turbines in various end use industries. The expanding demands from the Coal, Nuclear, Biomass and Others, are propelling Steam Turbines market. Steam Cycle, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Combined Cycle segment is estimated at % CAGR for the next seven-year period.
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
Index1 Steam Turbines Market Overview
1.1 Steam Turbines Product Overview
1.2 Steam Turbines Market Segment by Type
1.2.1 Steam Cycle
1.2.2 Combined Cycle
1.3 Global Steam Turbines Market Size by Type
1.3.1 Global Steam Turbines Market Size Overview by Type (2018-2029)
1.3.2 Global Steam Turbines Historic Market Size Review by Type (2018-2023)
1.3.3 Global Steam Turbines Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Steam Turbines Sales Breakdown by Type (2018-2023)
1.4.2 Europe Steam Turbines Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Steam Turbines Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Steam Turbines Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Steam Turbines Sales Breakdown by Type (2018-2023)
2 Global Steam Turbines Market Competition by Company
2.1 Global Top Players by Steam Turbines Sales (2018-2023)
2.2 Global Top Players by Steam Turbines Revenue (2018-2023)
2.3 Global Top Players by Steam Turbines Price (2018-2023)
2.4 Global Top Manufacturers Steam Turbines Manufacturing Base Distribution, Sales Area, Product Type
2.5 Steam Turbines Market Competitive Situation and Trends
2.5.1 Steam Turbines Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Steam Turbines Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Steam Turbines as of 2022)
2.7 Date of Key Manufacturers Enter into Steam Turbines Market
2.8 Key Manufacturers Steam Turbines Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Steam Turbines Status and Outlook by Region
3.1 Global Steam Turbines Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Steam Turbines Historic Market Size by Region
3.2.1 Global Steam Turbines Sales in Volume by Region (2018-2023)
3.2.2 Global Steam Turbines Sales in Value by Region (2018-2023)
3.2.3 Global Steam Turbines Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Steam Turbines Forecasted Market Size by Region
3.3.1 Global Steam Turbines Sales in Volume by Region (2024-2029)
3.3.2 Global Steam Turbines Sales in Value by Region (2024-2029)
3.3.3 Global Steam Turbines Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Steam Turbines by Application
4.1 Steam Turbines Market Segment by Application
4.1.1 Coal
4.1.2 Nuclear
4.1.3 Biomass
4.1.4 Others
4.2 Global Steam Turbines Market Size by Application
4.2.1 Global Steam Turbines Market Size Overview by Application (2018-2029)
4.2.2 Global Steam Turbines Historic Market Size Review by Application (2018-2023)
4.2.3 Global Steam Turbines Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Steam Turbines Sales Breakdown by Application (2018-2023)
4.3.2 Europe Steam Turbines Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Steam Turbines Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Steam Turbines Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Steam Turbines Sales Breakdown by Application (2018-2023)
5 North America Steam Turbines by Country
5.1 North America Steam Turbines Historic Market Size by Country
5.1.1 North America Steam Turbines Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Steam Turbines Sales in Volume by Country (2018-2023)
5.1.3 North America Steam Turbines Sales in Value by Country (2018-2023)
5.2 North America Steam Turbines Forecasted Market Size by Country
5.2.1 North America Steam Turbines Sales in Volume by Country (2024-2029)
5.2.2 North America Steam Turbines Sales in Value by Country (2024-2029)
6 Europe Steam Turbines by Country
6.1 Europe Steam Turbines Historic Market Size by Country
6.1.1 Europe Steam Turbines Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Steam Turbines Sales in Volume by Country (2018-2023)
6.1.3 Europe Steam Turbines Sales in Value by Country (2018-2023)
6.2 Europe Steam Turbines Forecasted Market Size by Country
6.2.1 Europe Steam Turbines Sales in Volume by Country (2024-2029)
6.2.2 Europe Steam Turbines Sales in Value by Country (2024-2029)
7 Asia-Pacific Steam Turbines by Region
7.1 Asia-Pacific Steam Turbines Historic Market Size by Region
7.1.1 Asia-Pacific Steam Turbines Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Steam Turbines Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Steam Turbines Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Steam Turbines Forecasted Market Size by Region
7.2.1 Asia-Pacific Steam Turbines Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Steam Turbines Sales in Value by Region (2024-2029)
8 Latin America Steam Turbines by Country
8.1 Latin America Steam Turbines Historic Market Size by Country
8.1.1 Latin America Steam Turbines Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Steam Turbines Sales in Volume by Country (2018-2023)
8.1.3 Latin America Steam Turbines Sales in Value by Country (2018-2023)
8.2 Latin America Steam Turbines Forecasted Market Size by Country
8.2.1 Latin America Steam Turbines Sales in Volume by Country (2024-2029)
8.2.2 Latin America Steam Turbines Sales in Value by Country (2024-2029)
9 Middle East and Africa Steam Turbines by Country
9.1 Middle East and Africa Steam Turbines Historic Market Size by Country
9.1.1 Middle East and Africa Steam Turbines Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Steam Turbines Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Steam Turbines Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Steam Turbines Forecasted Market Size by Country
9.2.1 Middle East and Africa Steam Turbines Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Steam Turbines Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Alstom
10.1.1 Alstom Company Information
10.1.2 Alstom Introduction and Business Overview
10.1.3 Alstom Steam Turbines Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Alstom Steam Turbines Products Offered
10.1.5 Alstom Recent Development
10.2 Siemens
10.2.1 Siemens Company Information
10.2.2 Siemens Introduction and Business Overview
10.2.3 Siemens Steam Turbines Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Siemens Steam Turbines Products Offered
10.2.5 Siemens Recent Development
10.3 Toshiba
10.3.1 Toshiba Company Information
10.3.2 Toshiba Introduction and Business Overview
10.3.3 Toshiba Steam Turbines Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Toshiba Steam Turbines Products Offered
10.3.5 Toshiba Recent Development
10.4 Mitsubishi Hitachi Power Systems
10.4.1 Mitsubishi Hitachi Power Systems Company Information
10.4.2 Mitsubishi Hitachi Power Systems Introduction and Business Overview
10.4.3 Mitsubishi Hitachi Power Systems Steam Turbines Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Mitsubishi Hitachi Power Systems Steam Turbines Products Offered
10.4.5 Mitsubishi Hitachi Power Systems Recent Development
10.5 Eliott
10.5.1 Eliott Company Information
10.5.2 Eliott Introduction and Business Overview
10.5.3 Eliott Steam Turbines Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Eliott Steam Turbines Products Offered
10.5.5 Eliott Recent Development
10.6 Ansaldo Energia
10.6.1 Ansaldo Energia Company Information
10.6.2 Ansaldo Energia Introduction and Business Overview
10.6.3 Ansaldo Energia Steam Turbines Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Ansaldo Energia Steam Turbines Products Offered
10.6.5 Ansaldo Energia Recent Development
10.7 Shanghai Electric
10.7.1 Shanghai Electric Company Information
10.7.2 Shanghai Electric Introduction and Business Overview
10.7.3 Shanghai Electric Steam Turbines Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Shanghai Electric Steam Turbines Products Offered
10.7.5 Shanghai Electric Recent Development
10.8 Dongfang Electric
10.8.1 Dongfang Electric Company Information
10.8.2 Dongfang Electric Introduction and Business Overview
10.8.3 Dongfang Electric Steam Turbines Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Dongfang Electric Steam Turbines Products Offered
10.8.5 Dongfang Electric Recent Development
10.9 Harbin Electric
10.9.1 Harbin Electric Company Information
10.9.2 Harbin Electric Introduction and Business Overview
10.9.3 Harbin Electric Steam Turbines Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Harbin Electric Steam Turbines Products Offered
10.9.5 Harbin Electric Recent Development
10.10 Doosan Skoda Power
10.10.1 Doosan Skoda Power Company Information
10.10.2 Doosan Skoda Power Introduction and Business Overview
10.10.3 Doosan Skoda Power Steam Turbines Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Doosan Skoda Power Steam Turbines Products Offered
10.10.5 Doosan Skoda Power Recent Development
10.11 Bharat Heavy Electricals
10.11.1 Bharat Heavy Electricals Company Information
10.11.2 Bharat Heavy Electricals Introduction and Business Overview
10.11.3 Bharat Heavy Electricals Steam Turbines Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Bharat Heavy Electricals Steam Turbines Products Offered
10.11.5 Bharat Heavy Electricals Recent Development
10.12 Fuji Electric
10.12.1 Fuji Electric Company Information
10.12.2 Fuji Electric Introduction and Business Overview
10.12.3 Fuji Electric Steam Turbines Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Fuji Electric Steam Turbines Products Offered
10.12.5 Fuji Electric Recent Development
10.13 Man Diesel & Turbo
10.13.1 Man Diesel & Turbo Company Information
10.13.2 Man Diesel & Turbo Introduction and Business Overview
10.13.3 Man Diesel & Turbo Steam Turbines Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Man Diesel & Turbo Steam Turbines Products Offered
10.13.5 Man Diesel & Turbo Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Steam Turbines Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Steam Turbines Industrial Chain Analysis
11.4 Steam Turbines Market Dynamics
11.4.1 Steam Turbines Industry Trends
11.4.2 Steam Turbines Market Drivers
11.4.3 Steam Turbines Market Challenges
11.4.4 Steam Turbines Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Steam Turbines Distributors
12.3 Steam Turbines Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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