Steam Turbine Market, By Capacity (Up to 150 MW, 151 MW to 300 MW, More than 300 MW), By End Use (Power & Utility, Industrial), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Steam turbine is a mechanical power plant that uses steam as a fuel to do work on a rotating shaft. The design of a steam turbine is a multi-disciplinary task that involves thermodynamics, aerodynamics and mechanical engineering. In addition to generating electricity, steam turbines can also be used for heating purposes. Industrial steam turbines use a mixture of high-pressure and low-pressure steam as their fuel. The difference between the pressures of the steam in the inlet and exhaust stages must be matched by a condenser to make steam turbines operate properly
Market Dynamics:
The global steam turbine market is anticipated to experience moderate growth throughout the forecast period. This is attributed to the rapid industrialization and rising electricity demand, particularly in developing economies. In addition, an increase in the demand for combined-cycle natural gas plants is another prominent factor driving steam turbine market growth. Furthermore, the growing focus on clean energy, which is defined as a renewable source of power is further expected to drive market growth over the next few years.
On the other hand, regulatory and policy restrictions on fossil-fuel fired power plants are projected to restrain the growth of the steam turbine market during the forecast period.
Key features of the study:
This report provides in-depth analysis of the global steam turbine market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global steam turbine market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include General Electric (GE), Siemens Energy, Mitsubishi Power, Ltd., TOSHIBA CORPORATION, Doosan Škoda Power, Ansaldo Energia S.p.A., Bharat Heavy Electricals Limited (BHEL), and Fuji Electric Co., Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global steam turbine market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global steam turbine market
Detailed Segmentation:
Global Steam Turbine Market, By Capacity
Up to 150 MW
151 MW to 300 MW
More than 300 MW
Global Steam Turbine Market, By End use
Power & Utility
Industrial
Global Steam Turbine Market, By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles
General Electric (GE)
Siemens Energy
Mitsubishi Power, Ltd.
TOSHIBA CORPORATION
Doosan Škoda Power
Ansaldo Energia S.p.A.
Bharat Heavy Electricals Limited (BHEL)
Fuji Electric Co., Ltd.
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Capacity
Market Snapshot, By End Use
Market Snapshot, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Increasing demand for electricity
Strict environmental emission regulations
Increasing population with growing housing construction
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Global Steam Turbine Market – Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Steam Turbine Market , By Capacity, 2017-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2017 – 2030
Segment Trends
Up to 150 MW
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
151 MW to 300 MW
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
More than 300 MW
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
6. Global Steam Turbine Market , By End Use, 2017-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2017 – 2030
Segment Trends
Power & Utility
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
Industrial
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
7. Global Steam Turbine Market , By Region, 2017-2030, (US$ Bn)
Introduction
Market Share Analysis, By Country, 2023 and 2030 (%)
Y-o-Y Growth Analysis, For Country 2017 – 2030
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Capacity, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End Use, 2017-2030,(US$ Bn)
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Capacity, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End Use, 2017-2030,(US$ Bn)
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Capacity, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End Use, 2017-2030,(US$ Bn)
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Capacity, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End Use, 2017-2030,(US$ Bn)
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Capacity, 2017-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End Use, 2017-2030,(US$ Bn)
8. Competitive Landscape
General Electric (GE)
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Siemens Energy
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Mitsubishi Power, Ltd.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
TOSHIBA CORPORATION
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Doosan Škoda Power
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Ansaldo Energia S.p.A.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Bharat Heavy Electricals Limited (BHEL)
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Fuji Electric Co., Ltd.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Analyst Views
9. Section
Research Methodology
About us
*Browse 24 market data tables and 28 figures on "Global Steam Turbine Market” - Global forecast to 2030