Report Description

The global steam turbines market is expected to grow at a significant rate during the forecast period owing to increasing electricity consumption and growing demand for nuclear energy-based electricity generation. The increasing demand for uninterrupted power in developing countries owing to increasing infrastructural activities is accelerating the demand for steam turbines.

Steam turbine is a mechanical device that extracts thermal energy from pressurized steam and transforms it into mechanical work. It consists of a boiler, turbine, condenser, feed pump, and several auxiliary devices. Increasing investments in electricity generation infrastructure is contributing to the increasing demand of steam turbines. However, the market also faces some restrains. Steam turbines can have varying negative impacts on the environment and human health which limits the overall growth of the market.

Global steam turbines market can be segmented based on type, rated capacity, exhaust type, fuel type and region. Based on fuel type, the market is segmented into coal, biomass, nuclear and others. Among them, coal continues to be the most widely used fuel for power generation as it is one of the most affordable option in developing countries like India and China. Also, there is sufficient supply of coal in these economies which makes it widely used fuel in steam turbines.

Regionally, Asia-Pacific accounted for the largest share in 2021 with strong demand emanating from China and India due to growing demand for uninterrupted power in various infrastructural and construction activities.

Major companies operating in the global steam turbines market include Siemens AG, Mitsubishi Hitachi Power Systems Ltd, Bharat Heavy Electricals Limited, General Electric Company, Dongfang Turbine Company Limited, Toshiba Corporation, Doosan Heavy Industries & Construction Company Ltd., Elliott Company, MAN Diesel & Turbo and Fuji Electric Co., Ltd., among others. Companies are taking up growth strategies like mergers & acquisitions and joint ventures & collaborations to increase their global reach and market share.

Objective of the Study:

  • To analyse and forecast the market size of global steam turbines market.
  • To forecast global steam turbines market based on type, rated capacity, exhaust type, fuel type, company and regional distribution.
  • To identify drivers and challenges for global steam turbines market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in global steam turbines market.
  • To identify and analyse the profile of leading players operating in the global steam turbines market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of steam turbine manufacturing companies across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the companies which could not be identified due to the limitations of secondary research.

TechSci Research calculated global steam turbines market size using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • Steam Turbine manufacturing companies/partners
  • Suppliers/Distributers
  • End-Users
  • Government bodies such as regulating authorities and policy makers
  • Organizations, industry associations, forums and alliances related to steam turbines market
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as steam turbine manufacturing companies and partners, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Type

·         Rated Capacity

·         Exhaust Type

·         Fuel Type

Regional Scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country Scope

United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt

Key Companies Profiled

Siemens AG, Mitsubishi Hitachi Power Systems Ltd, Bharat Heavy Electricals Limited, General Electric Company, Dongfang Turbine Company Limited, Toshiba Corporation, Doosan Heavy Industries & Construction Company Ltd., Elliott Company, MAN Diesel & Turbo and Fuji Electric Co., Ltd.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global steam turbines market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

 

  • Global Steam Turbines Market, By Type:
    • Steam Cycle
    • Combined Cycle
  • Global Steam Turbines Market, By Rated Capacity:
    • 1-120 Mw
    • 121-350 Mw
    • 351-750 Mw
    • Above 750 Mw
  • Global Steam Turbines Market, By Exhaust Type:
    • Condensing
    • Non-Condensing
  • Global Steam Turbines Market, By Fuel Type:
    • Coal
    • Biomass
    • Nuclear
    • Others
  • Global Steam Turbines Market, By Region:
    • Asia-Pacific
      • China
      • Japan
      • India 
      • South Korea
      • Australia
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • UAE
      • South Africa
      • Saudi Arabia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global steam turbines market.

Available Customizations:

With the given market data, TechSci Research offers customizations according a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Steam Turbines Market

4.    Executive Summary

5.    Voice of Customer

6.    Global Steam Turbines Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type (Steam Cycle and Combined Cycle)

6.2.2.     By Rated Capacity (1-120 Mw, 121-350 Mw, 351-750 Mw and Above 750 Mw)

6.2.3.     By Exhaust Type (Condensing and Non-Condensing)

6.2.4.     By Fuel Type (Coal, Biomass, Nuclear and Others)

6.2.5.     By Company (2021)

6.2.6.     By Region

6.3.  Product market Map

7.    Asia-Pacific Steam Turbines Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Rated Capacity

7.2.3.     By Exhaust Type

7.2.4.     By Fuel Type

7.2.5.     By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.     China Steam Turbines Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Rated Capacity

7.3.1.2.2.             By Fuel Type

7.3.2.     India Steam Turbines Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Rated Capacity

7.3.2.2.2.             By Fuel Type

7.3.3.     Japan Steam Turbines Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Rated Capacity

7.3.3.2.2.             By Fuel Type

7.3.4.     South Korea Steam Turbines Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Rated Capacity

7.3.4.2.2.             By Fuel Type

7.3.5.     Australia Steam Turbines Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Rated Capacity

7.3.5.2.2.             By Fuel Type

8.    Europe Steam Turbines Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Rated Capacity

8.2.3.     By Exhaust Type

8.2.4.     By Fuel Type

8.2.5.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Steam Turbines Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Rated Capacity

8.3.1.2.2.             By Fuel Type

8.3.2.     Germany Steam Turbines Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Rated Capacity

8.3.2.2.2.             By Fuel Type

8.3.3.     United Kingdom Steam Turbines Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Rated Capacity

8.3.3.2.2.             By Fuel Type

8.3.4.     Italy Steam Turbines Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Rated Capacity

8.3.4.2.2.             By Fuel Type

8.3.5.     Spain Steam Turbines Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Rated Capacity

8.3.5.2.2.             By Fuel Type

9.    North America Steam Turbines Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Rated Capacity

9.2.3.     By Exhaust Type

9.2.4.     By Fuel Type

9.2.5.     By Country

9.3.  North America: Country Analysis

9.3.1.     United States Steam Turbines Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Rated Capacity

9.3.1.2.2.             By Fuel Type

9.3.2.     Mexico Steam Turbines Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Rated Capacity

9.3.2.2.2.             By Fuel Type

9.3.3.     Canada Steam Turbines Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Rated Capacity

9.3.3.2.2.             By Fuel Type

10.  South America Steam Turbines Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Rated Capacity

10.2.3.  By Exhaust Type

10.2.4.  By Fuel Type

10.2.5.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Steam Turbines Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Rated Capacity

10.3.1.2.2.           By Fuel Type

10.3.2.  Argentina Steam Turbines Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Rated Capacity

10.3.2.2.2.           By Fuel Type

10.3.3.  Colombia Steam Turbines Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Rated Capacity

10.3.3.2.2.           By Fuel Type

11.  Middle East and Africa Steam Turbines Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Type

11.2.2.  By Rated Capacity

11.2.3.  By Exhaust Type

11.2.4.  By Fuel Type

11.2.5.  By Country

11.3.              MEA: Country Analysis

11.3.1.  South Africa Steam Turbines Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Rated Capacity

11.3.1.2.2.           By Fuel Type

11.3.2.  Saudi Arabia Steam Turbines Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Rated Capacity

11.3.2.2.2.           By Fuel Type

11.3.3.  UAE Steam Turbines Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Rated Capacity

11.3.3.2.2.           By Fuel Type

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.              Competition Outlook

14.2.              Players Profiled (Leading Companies)

14.2.1.  Siemens AG

14.2.2.  Mitsubishi Hitachi Power Systems Ltd

14.2.3.  Bharat Heavy Electricals Limited

14.2.4.  General Electric Company

14.2.5.  Dongfang Turbine Company Limited

14.2.6.  Toshiba Corporation

14.2.7.  Doosan Heavy Industries & Construction Company Ltd.

14.2.8.  Elliott Company

14.2.9.  MAN Diesel & Turbo

14.2.10.                Fuji Electric Co., Ltd.

15. Strategic Recommendations

Figures and Tables

Frequently asked questions

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Siemens AG, Mitsubishi Hitachi Power Systems Ltd, Bharat Heavy Electricals Limited, General Electric Company, Dongfang Turbine Company Limited, Toshiba Corporation, Doosan Heavy Industries & Construction Company Ltd., Elliott Company, MAN Diesel & Turbo, and Fuji Electric Co., Ltd. are the leading market players in the global steam turbines market.

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The Asia-pacific region is expected to lead the market during the forecast period due to the ongoing construction and infrastructure development activities.

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Based on fuel type, the global steam turbines market is divided into coal, biomass, nuclear, and others. The coal type is expected to hold the largest market in the forecast period.

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Growing demand for continuous power supply and the advent of ways to generate nuclear-based electricity generation efficiently are driving the demand for the global steam turbines market during the forecast period.

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Parvati Sharma

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