As per the report, the steam turbine market size was US$ 27.93 billion in 2021. It is projected to grow US$ 36.2 billion by 2030 at a CAGR of 2.9% in the forecast period.
Due to rising energy demand and steady investments for capacity expansions, the global steam turbine market is expected to develop significantly over the forecast period. Steam turbines are machines that use a revolving output shaft to collect thermal energy from steam and convert it to mechanical effort.
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Market Overview
A recent study by Precedence Research on the steam turbine market offers a forecast for 2021 and 2030. The study analyzes crucial trends that are currently determining the growth of the steam turbine market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of steam turbine. The study also provides the dynamics that are responsible for influencing the future status of this market over the forecast period.
A detailed assessment of the steam turbine market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the steam turbine market along with their product portfolio enhances the reliability of this comprehensive research study.
Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
Key Points
- Primary Research
- Secondary Research
- Market Size Estimation
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Challenges
- Macroeconomic Indicators
- Technology Trends and Assessment
- Market Factor Analysis
- Porter’s Five Forces Analysis
- Bargaining Power Of Suppliers
- Bargaining Power Of Buyers
- Threat Of New Entrants
- Threat Of Substitutes
- Intensity Of Rivalry
- Value Chain Analysis
- Investment Feasibility Analysis
- Pricing Analysis
Research Methodology
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, the structure of the market participants and industry's competitive landscape.
The secondary research sources referred in the process are as follows:
- Governmental bodies, and organizations creating economic policies
- National and international social welfare institutions
- Company websites, financial reports and SEC filings, broker and investor reports
- Related patent and regulatory databases
- Statistical databases and market reports
- Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary Research
Primary research includes face-to-face interviews, online surveys, and telephonic interviews.
- Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
- In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.
Industry participants involved in this research study include:
- CEOs, VPs, market intelligence managers
- Procuring and national sales managers technical personnel, distributors and resellers
- Research analysts and key opinion leaders from various domains
Competition Landscape
In the final section of the report on the global steam turbine market, a 'dashboard view' of the companies has been provided to compare the current market scenario and the contribution of companies to the global steam turbine market. Moreover, the report is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to segments of the global market. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on an in-depth assessment of their capabilities and success in the steam turbine marketplace.
Some of the prominent players in the global steam turbine market include:
- Toshiba Corporation
- Fuji Electric Co. Ltd
- Istom SA
- Mitsubishi Hitachi Power Systems
- Siemens AG
- Man Diesel & Turbo SE
- Bharat Heavy Electricals Ltd.
- Doosan Skoda Power
- Kawasaki Heavy Industries
- Ansaldo Energia
Market Segmentation
Segments of the global steam turbine market have been analyzed in terms of their market share to understand an individual segment’s relative contribution to market growth. This detailed level of information is important for identifying key trends in the global steam turbine market.
Market Segments as below:
By Design
- Reaction
- Impulse
By Exhaust
- Condensing
- Non-condensing
By Fuel
- Fossil Fuel
- Biomass
- Geothermal
By End Use
- Industrial
- Utility
By Technology
- Steam Cycle
- Combined Cycle
- Cogeneration
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Steam Turbine Market
5.1. COVID-19 Landscape: Steam Turbine Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Steam Turbine Market, By Design Type
8.1. Steam Turbine Market, by Design Type, 2021-2030
8.1.1. Reaction
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Impulse
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Steam Turbine Market, By Exhaust Type
9.1. Steam Turbine Market, by Exhaust Type, 2021-2030
9.1.1. Condensing
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Non-condensing
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Steam Turbine Market, By Technology Type
10.1. Steam Turbine Market, by Technology Type, 2021-2030
10.1.1. Steam Cycle
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Combined Cycle
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Cogeneration
10.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Steam Turbine Market, By Fuel Type
11.1. Steam Turbine Market, by Fuel Type, 2021-2030
11.1.1. Fossil Fuel
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Biomass
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Geothermal
11.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Steam Turbine Market, By End Use Type
12.1. Steam Turbine Market, by End Use, 2021-2030
12.1.1. Industrial
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Utility
12.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Steam Turbine Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Design (2017-2030)
13.1.2. Market Revenue and Forecast, by Exhaust (2017-2030)
13.1.3. Market Revenue and Forecast, by Technology (2017-2030)
13.1.4. Market Revenue and Forecast, by Fuel (2017-2030)
13.1.5. Market Revenue and Forecast, by End Use (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Design (2017-2030)
13.1.6.2. Market Revenue and Forecast, by Exhaust (2017-2030)
13.1.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.1.6.4. Market Revenue and Forecast, by Fuel (2017-2030)
13.1.7. Market Revenue and Forecast, by End Use (2017-2030)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Design (2017-2030)
13.1.8.2. Market Revenue and Forecast, by Exhaust (2017-2030)
13.1.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.1.8.4. Market Revenue and Forecast, by Fuel (2017-2030)
13.1.8.5. Market Revenue and Forecast, by End Use (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Design (2017-2030)
13.2.2. Market Revenue and Forecast, by Exhaust (2017-2030)
13.2.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.4. Market Revenue and Forecast, by Fuel (2017-2030)
13.2.5. Market Revenue and Forecast, by End Use (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Design (2017-2030)
13.2.6.2. Market Revenue and Forecast, by Exhaust (2017-2030)
13.2.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.7. Market Revenue and Forecast, by Fuel (2017-2030)
13.2.8. Market Revenue and Forecast, by End Use (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Design (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Exhaust (2017-2030)
13.2.9.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.10. Market Revenue and Forecast, by Fuel (2017-2030)
13.2.11. Market Revenue and Forecast, by End Use (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Design (2017-2030)
13.2.12.2. Market Revenue and Forecast, by Exhaust (2017-2030)
13.2.12.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.12.4. Market Revenue and Forecast, by Fuel (2017-2030)
13.2.13. Market Revenue and Forecast, by End Use (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Design (2017-2030)
13.2.14.2. Market Revenue and Forecast, by Exhaust (2017-2030)
13.2.14.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.14.4. Market Revenue and Forecast, by Fuel (2017-2030)
13.2.15. Market Revenue and Forecast, by End Use (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Design (2017-2030)
13.3.2. Market Revenue and Forecast, by Exhaust (2017-2030)
13.3.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.4. Market Revenue and Forecast, by Fuel (2017-2030)
13.3.5. Market Revenue and Forecast, by End Use (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Design (2017-2030)
13.3.6.2. Market Revenue and Forecast, by Exhaust (2017-2030)
13.3.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.6.4. Market Revenue and Forecast, by Fuel (2017-2030)
13.3.7. Market Revenue and Forecast, by End Use (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Design (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Exhaust (2017-2030)
13.3.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.8.4. Market Revenue and Forecast, by Fuel (2017-2030)
13.3.9. Market Revenue and Forecast, by End Use (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Design (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Exhaust (2017-2030)
13.3.10.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.10.4. Market Revenue and Forecast, by Fuel (2017-2030)
13.3.10.5. Market Revenue and Forecast, by End Use (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Design (2017-2030)
13.3.11.2. Market Revenue and Forecast, by Exhaust (2017-2030)
13.3.11.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.11.4. Market Revenue and Forecast, by Fuel (2017-2030)
13.3.11.5. Market Revenue and Forecast, by End Use (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Design (2017-2030)
13.4.2. Market Revenue and Forecast, by Exhaust (2017-2030)
13.4.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.4. Market Revenue and Forecast, by Fuel (2017-2030)
13.4.5. Market Revenue and Forecast, by End Use (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Design (2017-2030)
13.4.6.2. Market Revenue and Forecast, by Exhaust (2017-2030)
13.4.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.6.4. Market Revenue and Forecast, by Fuel (2017-2030)
13.4.7. Market Revenue and Forecast, by End Use (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Design (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Exhaust (2017-2030)
13.4.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.8.4. Market Revenue and Forecast, by Fuel (2017-2030)
13.4.9. Market Revenue and Forecast, by End Use (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Design (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Exhaust (2017-2030)
13.4.10.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.10.4. Market Revenue and Forecast, by Fuel (2017-2030)
13.4.10.5. Market Revenue and Forecast, by End Use (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Design (2017-2030)
13.4.11.2. Market Revenue and Forecast, by Exhaust (2017-2030)
13.4.11.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.11.4. Market Revenue and Forecast, by Fuel (2017-2030)
13.4.11.5. Market Revenue and Forecast, by End Use (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Design (2017-2030)
13.5.2. Market Revenue and Forecast, by Exhaust (2017-2030)
13.5.3. Market Revenue and Forecast, by Technology (2017-2030)
13.5.4. Market Revenue and Forecast, by Fuel (2017-2030)
13.5.5. Market Revenue and Forecast, by End Use (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Design (2017-2030)
13.5.6.2. Market Revenue and Forecast, by Exhaust (2017-2030)
13.5.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.5.6.4. Market Revenue and Forecast, by Fuel (2017-2030)
13.5.7. Market Revenue and Forecast, by End Use (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Design (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Exhaust (2017-2030)
13.5.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.5.8.4. Market Revenue and Forecast, by Fuel (2017-2030)
13.5.8.5. Market Revenue and Forecast, by End Use (2017-2030)
Chapter 14. Company Profiles
14.1. Toshiba Corporation
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Fuji Electric Co. Ltd
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Istom SA
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Mitsubishi Hitachi Power Systems
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Siemens AG
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Man Diesel & Turbo SE
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Bharat Heavy Electricals Ltd.
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Doosan Skoda Power
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Kawasaki Heavy Industries
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Ansaldo Energia
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
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