Global API Steam Turbine Competitive Landscape Professional Research Report 2025

Research Summary

An API steam turbine is a type of steam turbine that conforms to the standards set by the American Petroleum Institute (API). These turbines are designed specifically for use in the oil and gas industry, particularly in refineries, petrochemical plants, and other industrial facilities where API standards are required. API steam turbines are built to withstand the harsh operating conditions typically encountered in these environments, including high temperatures, high pressures, and corrosive atmospheres. They are engineered for reliability, durability, and safety, with features such as heavy-duty construction, robust bearings, and advanced sealing systems to prevent steam leakage. These turbines are often used to drive various types of equipment, such as pumps, compressors, and generators, helping to power critical processes in the oil and gas production and processing industries. Additionally, API steam turbines are designed to comply with specific API standards, such as API 611 (General-Purpose Steam Turbines for Petroleum, Chemical, and Gas Industry Services) and API 612 (Special-Purpose Steam Turbines for Petroleum, Chemical, and Gas Industry Services), ensuring consistency and interoperability across different installations.

According to DIResearch's in-depth investigation and research, the global API Steam Turbine market size was valued at XX Million USD in 2024 and is projected to reach XX Million USD by 2032, with a CAGR of XX% (2025-2032). Notably, the China market has changed rapidly in the past few years. By 2024, China's market size is expected to be XX Million USD, representing approximately XX% of the global market share. By 2032, it is anticipated to grow further to XX Million USD, contributing XX% to the worldwide market share.

The major global  manufacturers of API Steam Turbine include Siemens, General Electric, Shanghai Electric, Dongfang Turbine, Hangzhou Steam Turbine(HTC), MAN Energy Solutions, Kawasaki Heavy Industries, Mitsubishi Hitachi Power Systems, Elliott, Triveni Turbine, Kessels, KEPL, CTMI, Skinner Power Systems etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.

This report studies the market size, price trends and future development prospects of API Steam Turbine. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global API Steam Turbine market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.

The regions and countries in the report include North America, Europe, China, APAC (excl. China), Latin America and Middle East and Africa, covering the API Steam Turbine market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of API Steam Turbine industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.  

The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.

Global Key Manufacturers of API Steam Turbine Include:

Siemens

General Electric

Shanghai Electric

Dongfang Turbine

Hangzhou Steam Turbine(HTC)

MAN Energy Solutions

Kawasaki Heavy Industries

Mitsubishi Hitachi Power Systems

Elliott

Triveni Turbine

Kessels

KEPL

CTMI

Skinner Power Systems

API Steam Turbine Product Segment Include:

API 611 General Purpose Steam Turbine

API 612 Special Purpose Turbine

API Steam Turbine Product Application Include:

Oil and Gas

Chemical

Power Generation

Others

Chapter Scope

Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trends

Chapter 2: Global API Steam Turbine Industry PESTEL Analysis

Chapter 3: Global API Steam Turbine Industry Porter’s Five Forces Analysis

Chapter 4: Global API Steam Turbine Major Regional Market Size (Revenue, Sales, Price) and Forecast Analysis

Chapter 5: Global API Steam Turbine Market Size and Forecast by Type and Application Analysis

Chapter 6: North America API Steam Turbine Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 7: Europe API Steam Turbine Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 8: China API Steam Turbine Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 9: APAC (Excl. China) API Steam Turbine Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 10: Latin America API Steam Turbine Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 11: Middle East and Africa API Steam Turbine Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)

Chapter 12: Global API Steam Turbine Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)

Chapter 13: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)

Chapter 14: Industrial Chain Analysis, Include Raw Material Suppliers, Distributors and Customers

Chapter 15: Research Findings and Conclusion

Chapter 16: Methodology and Data Sources