Global API Steam Turbine Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Global API Steam Turbine Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global API Steam Turbine market size was valued at USD 2609.2 million in 2022 and is forecast to a readjusted size of USD 3378.7 million by 2029 with a CAGR of 3.8% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The top five global API Steam Turbine players are Siemens, General Electric, Shanghai Electric, Dongfang Turbine, and Hangzhou Steam Turbine (HTC), which together account for about 60% of the market share. Among them, Siemens is the largest player. In terms of sales revenue, Asia Pacific region occupies the largest market share with about 45%, followed by Europe. In terms of product type, the products can be divided into two categories: API 611 general-purpose turbine and API 612 special-purpose turbine, with the special-purpose type occupying a larger market share, accounting for about 65%. In terms of its applications, it can be divided into three fields: oil and gas, chemical industry and power generation, with oil and gas accounting for about 38% of the market share.

API 611-compliant single-stage turbines feature a small footprint, wide speed range, and wide steam conditions. API 612 compliant steam turbines are available in the range 1.5MW to 100MW for various drive applications and power generation.

This report is a detailed and comprehensive analysis for global API Steam Turbine market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

Key Features:

Global API Steam Turbine market size and forecasts, in consumption value ($ Million), sales quantity (MW), and average selling prices (US$/KW), 2018-2029

Global API Steam Turbine market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MW), and average selling prices (US$/KW), 2018-2029

Global API Steam Turbine market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MW), and average selling prices (US$/KW), 2018-2029

Global API Steam Turbine market shares of main players, shipments in revenue ($ Million), sales quantity (MW), and ASP (US$/KW), 2018-2023

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for API Steam Turbine

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global API Steam Turbine market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Siemens, General Electric, Shanghai Electric, Dongfang Turbine and Hangzhou Steam Turbine(HTC), etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Market Segmentation

API Steam Turbine market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
API 611 General Purpose Steam Turbine
API 612 Special Purpose Turbine

Market segment by Application
Oil and Gas
Chemical
Power Generation
Others

Major players covered
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

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe API Steam Turbine product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of API Steam Turbine, with price, sales, revenue and global market share of API Steam Turbine from 2018 to 2023.

Chapter 3, the API Steam Turbine competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the API Steam Turbine breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and API Steam Turbine market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.

Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.

Chapter 13, the key raw materials and key suppliers, and industry chain of API Steam Turbine.

Chapter 14 and 15, to describe API Steam Turbine sales channel, distributors, customers, research findings and conclusion.