Steam Turbine Global Market Report 2024

Steam Turbine Global Market Report 2024 – By Plant Type (Gas, Coal, Nuclear, Other Plant Types), By Capacity (Rated Power (<60MW), Rated Power (60-200MW), Rated Power (>200MW)), By Technology (Steam Cycle, Combined Cycle, Cogeneration), By Design (Reaction, Impulse), By End-Use Industry (Power And Utility, Industrial) – Market Size, Trends, And Global Forecast 2024-2033

Name: Steam Turbine Global Market Report 2024
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Steam Turbine Global Market Report 2024

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Steam Turbine Market Definition

The steam turbine refers to a machine that converts thermal energy from pressurized steam and transforms it into mechanical work on a rotating output shaft. It uses heat sources such as gas, coal, nuclear, and solar to heat water at extremely high temperatures until it is converted into steam. The main parts of stream turbines are rotors and blades.

The main types of plant types using steam turbines are gas, coal, nuclear, and others. The gas steam turbines use gas as a source to generate steam. Gas is used to heat water to extremely high temperatures until it is converted into steam. Steam turbines usually come in two designs, namely reaction and impulse, and have the capacities of rated power (60 MW), rated power (60–200 MW), and rated power (> 200 MW). Steam turbines use technologies such as steam cycle, combined cycle, and cogeneration and are used in end-use industries such as power, utility, and industrial.

Steam Turbine Market Segmentation

The steam turbine market covered in this report is segmented –

1) By Plant Type: Gas, Coal, Nuclear, Other Plant Types

2) By Capacity: Rated Power (<60MW), Rated Power (60-200MW), Rated Power (>200MW)

3) By Technology: Steam Cycle, Combined Cycle, Cogeneration

4) By Design: Reaction, Impulse

5) By End-Use Industry: Power And Utility, Industrial

Global Steam Turbine Market Size 2023 to 2028: Graph

Steam Turbine Market Size 2024 And Growth Rate

The steam turbine market size has grown steadily in recent years. It will grow from $16.89 billion in 2023 to $17.23 billion in 2024 at a compound annual growth rate (CAGR) of 2.0%. The growth in the historic period can be attributed to industrialization and power demand, expansion of power generation capacity, utilization in thermal power plants, cogeneration and combined heat and power (CHP) systems, reliability and longevity of steam turbines.

Steam Turbine Market Growth Forecast

The steam turbine market size is expected to see marginal growth in the next few years. It will grow to $18.64 billion in 2028 at a compound annual growth rate (CAGR) of 2.0%. The growth in the forecast period can be attributed to integration in nuclear power plants, increasing demand for district heating systems, focus on energy efficiency in industries, replacement and upgradation in aging infrastructure, emergence of small-scale and modular power plants. Major trends in the forecast period include development of advanced steam turbine controls, focus on upgrading and retrofitting existing steam turbine plants, growth in small-scale and micro steam turbines, introduction of advanced steam turbine materials, collaborations for research and development in steam turbine technology.

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Steam Turbine Market Driver: The Role Of Steam Turbines In Meeting The Rising Demand For Renewable Energy

The increase in focus on renewable energy is expected to propel the growth of the steam turbine market. Renewable energy, also identified as clean energy, provides consistent power supplies and fuel diversification, improving energy security and reducing the risk of fuel spills. The primary focus on renewable energy is to advance economic development, improve energy security, enhance access to power, and mitigate climate change. The increasing focus on renewable energy creates demand for steam turbines as these are a source of clean energy to produce electricity with no/less environmental impact. For instance, according to the renewable energy industry report by the India Brand Equity Foundation (IBEF), as of January 2022, India’s installed renewable energy capacity stood at 152.36 GW, accounting for 38.56% of total installed power capacity. Power generation from renewable energy sources reached 13.15 billion units (BU) in January 2022, increasing from 11.51 BU in January 2021. Therefore, increasing focus on renewable energy will drive the growth of the steam turbine market.

Steam Turbine Market Driver: Manufacturing Sector Expansion Propels Growth In The Steam Turbine Market

The expansion of the manufacturing sector is expected to boost the growth of the steam turbine market going forward. The manufacturing sector, often referred to as industry, encompasses economic activities related to the production of tangible goods through the processing and transformation of raw materials and components. Steam turbines play a vital role in the manufacturing industry, providing efficient power and mechanical drive for diverse processes. Their flexibility, reliability, and adaptability make them a valuable asset for optimizing production and energy consumption in various facilities. For instance, in August 2023, according to a report published by the National Association of Manufacturers (NAM), a US-based advocacy group, manufacturing value-added output rose from a record high of $2.905 trillion in the first quarter to $2.895 trillion by the fourth quarter of 2023 at an annual pace. In the initial quarter, manufacturing accounted for 10.9% of the total value-added output in the US economy. Therefore, the expansion of the manufacturing sector is driving the growth of the steam turbine market.

Global Steam Turbine Market Major Players

Major companies operating in the steam turbine market report are Hitachi Ltd., Siemens AG, General Electric Company, Toshiba Corporation, Alstom Power Inc., Shanghai Electric Group Corp, Kawasaki Heavy Industries Ltd., Doosan Enerbility Co Ltd., Dongfang Electric Corporation Ltd., Fuji Electric Ltd., Weg SA, Black & Veatch Corporation, MAN Energy Solutions SE, Harbin Electric Company Limited, Solar Turbines Incorporated, Bharat Heavy Electricals Limited, Ansaldo Energia SpA, Power Machines Ltd., Babcock & Wilcox Enterprises Inc., NPO Saturn PJSC, Elliot Group Corp, Triveni Turbine Limited, Turboden S.p.A., L&T-MHI Power Turbine Generators Pvt Ltd., Vericor Power Systems LLC, Arani Power Systems Ltd., Turbine Technology Services Corporation, Beijing Beizhong Steam Turbine Generator Co Ltd., CMI Energy India Pvt Ltd,, Dresser-Rand Group Inc.

Global Steam Turbine Market Trend: Innovative Advancements In The Steam Turbine Market

Major companies operating in the steam turbine market are developing advanced technologies, such as integrated production control systems, to meet larger customer bases, increase sales, and increase revenue. An integrated production control system refers to a comprehensive and interconnected set of technologies, software, and processes designed to manage and optimize various aspects of production within an industrial or manufacturing environment. For instance, in December 2022, Yokogawa Electric Corporation, a Japan-based electrical engineering and software company, released the CENTUM VP R6.10. The distinctive feature of the CENTUM VP R6.10 in the Yokogawa integrated production control system within the OpreX Control and Safety System lineup lies in its capability to facilitate steam turbine control for compressor drive and the integrated management of multiple compressor trains. This version not only enables process control and turbomachinery control on the same CENTUM VP system but also extends the range of control achievable with a single system. This extension goes beyond operational benefits and encompasses enhancements in engineering, procurement, and maintenance processes. The unique aspect of CENTUM VP R6.10 is its expanded scope of control, specifically designed to support steam turbine control for compressor drive and optimize operations through the integrated control of multiple compressor trains.

Global Steam Turbine Market Trend: Strategic Collaborations In The Steam Turbine Market

Major companies operating in the steam turbine market are adopting a strategic partnership approach to maximize the utilization and harness the energy content of syngas through the generation of steam. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in June 2023, Imerys S.A., a France-based mining company, partnered with E.ON SE, a Germany-based electric utility company. Through this partnership, E.ON is set to construct an advanced energy recovery facility at the Imerys site. The primary objective is to maximize and harness the energy content of syngas through steam production. The plant will employ a high-efficiency steam turbine with a capacity of up to 29 MWel to generate electricity. In addition to fulfilling Imerys' local energy requirements, the produced electricity will be fed into the public grid, catering to the energy needs of approximately 40,000 households. E.ON also envisions exploring the prospect of utilizing the residual heat from the power plant as a potential source for a district heating network in the future.

Steam Turbine Market Merger And Acquisition:

EDF Acquired American General Electric Company (GE)

In February 2022, EDF, a French electric utility company announced the acquisition of American General Electric Company (GE) for an undisclosed amount. Through this deal, EDF has acquired GE’s subsidiary GE Steam Power’s activities related to the nuclear steam turbine business and aims to create a global steam turbine equipment and services provider within the EDF group. General Electric Company is a US-based company offering technologies and services primarily for nuclear and coal power plants, including steam turbines, though its subsidiary GE Steam Power.

Regional Insights For The Global Steam Turbine Market

Western Europe was the largest region in the steam turbine market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the steam turbine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the steam turbine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The steam turbine market consists of sales of the steam turbine including back-pressure steam turbines, extraction steam turbines, and condensing steam turbines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The steam turbines market research report is one of a series of new reports from The Business Research Company that provides steam turbines market statistics, including steam turbines industry global market size, regional shares, competitors with a steam turbines market share, detailed steam turbines market segments, market trends and opportunities, and any further data you may need to thrive in the steam turbines industry. This steam turbines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Steam Turbine Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$17.23 billion
Revenue Forecast In 2033	$18.64 billion
Growth Rate	CAGR of 2% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Plant Type: Gas, Coal, Nuclear, Other Plant Types 2) By Capacity: Rated Power (<60MW), Rated Power (60-200MW), Rated Power (>200MW) 3) By Technology: Steam Cycle, Combined Cycle, Cogeneration 4) By Design: Reaction, Impulse 5) By End-Use Industry: Power And Utility, Industrial
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Hitachi Ltd.; Siemens AG; General Electric Company; Toshiba Corporation; Alstom Power Inc.; Shanghai Electric Group Corp.; Kawasaki Heavy Industries Ltd.; Doosan Enerbility Co. Ltd.; Dongfang Electric Corporation Ltd.; Fuji Electric Ltd.; Weg SA; Black & Veatch Corporation; MAN Energy Solutions SE; Harbin Electric Company Limited; Solar Turbines Incorporated; Bharat Heavy Electricals Limited; Ansaldo Energia SpA; Power Machines Ltd.; Babcock & Wilcox Enterprises Inc.; NPO Saturn PJSC; Elliot Group Corp.; Triveni Turbine Limited; Turboden S.p.A.; L&T-MHI Power Turbine Generators Pvt. Ltd.; Vericor Power Systems LLC; Arani Power Systems Ltd.; Turbine Technology Services Corporation; Beijing Beizhong Steam Turbine Generator Co. Ltd.; CMI Energy India Pvt. Ltd; Dresser-Rand Group Inc.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Steam Turbine Market Characteristics

3. Steam Turbine Market Trends And Strategies

4. Steam Turbine Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Steam Turbine Market Size and Growth

5.1. Global Steam Turbine Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Steam Turbine Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Steam Turbine Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Steam Turbine Market Segmentation

6.1. Global Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Gas

Coal

Nuclear

Other Plant Types

6.2. Global Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Rated Power (<60MW)

Rated Power (60-200MW)

Rated Power (>200MW)

6.3. Global Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Steam Cycle

Combined Cycle

Cogeneration

6.4. Global Steam Turbine Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Reaction

Impulse

6.5. Global Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Power And Utility

Industrial

7. Steam Turbine Market Regional And Country Analysis

7.1. Global Steam Turbine Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Steam Turbine Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Steam Turbine Market

8.1. Asia-Pacific Steam Turbine Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Steam Turbine Market

9.1. China Steam Turbine Market Overview

9.2. China Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Steam Turbine Market

10.1. India Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Steam Turbine Market

11.1. Japan Steam Turbine Market Overview

11.2. Japan Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Steam Turbine Market

12.1. Australia Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Steam Turbine Market

13.1. Indonesia Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Steam Turbine Market

14.1. South Korea Steam Turbine Market Overview

14.2. South Korea Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Steam Turbine Market

15.1. Western Europe Steam Turbine Market Overview

15.2. Western Europe Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Steam Turbine Market

16.1. UK Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Steam Turbine Market

17.1. Germany Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Steam Turbine Market

18.1. France Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Steam Turbine Market

19.1. Italy Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Steam Turbine Market

20.1. Spain Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Steam Turbine Market

21.1. Eastern Europe Steam Turbine Market Overview

21.2. Eastern Europe Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Steam Turbine Market

22.1. Russia Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Steam Turbine Market

23.1. North America Steam Turbine Market Overview

23.2. North America Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Steam Turbine Market

24.1. USA Steam Turbine Market Overview

24.2. USA Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Steam Turbine Market

25.1. Canada Steam Turbine Market Overview

25.2. Canada Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Steam Turbine Market

26.1. South America Steam Turbine Market Overview

26.2. South America Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Steam Turbine Market

27.1. Brazil Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Steam Turbine Market

28.1. Middle East Steam Turbine Market Overview

28.2. Middle East Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Steam Turbine Market

29.1. Africa Steam Turbine Market Overview

29.2. Africa Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Steam Turbine Market Competitive Landscape And Company Profiles

30.1. Steam Turbine Market Competitive Landscape

30.2. Steam Turbine Market Company Profiles

30.2.1. Hitachi Ltd.

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Siemens AG

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. General Electric Company

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Toshiba Corporation

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Alstom Power Inc.

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Steam Turbine Market Other Major And Innovative Companies

31.1. Shanghai Electric Group Corp.

31.2. Kawasaki Heavy Industries Ltd.

31.3. Doosan Enerbility Co. Ltd.

31.4. Dongfang Electric Corporation Ltd.

31.5. Fuji Electric Ltd.

31.6. Weg SA

31.7. Black & Veatch Corporation

31.8. MAN Energy Solutions SE

31.9. Harbin Electric Company Limited

31.10. Solar Turbines Incorporated

31.11. Bharat Heavy Electricals Limited

31.12. Ansaldo Energia SpA

31.13. Power Machines Ltd.

31.14. Babcock & Wilcox Enterprises Inc.

31.15. NPO Saturn PJSC

32. Global Steam Turbine Market Competitive Benchmarking

33. Global Steam Turbine Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Steam Turbine Market

35. Steam Turbine Market Future Outlook and Potential Analysis

35.1 Steam Turbine Market In 2028 - Countries Offering Most New Opportunities

35.2 Steam Turbine Market In 2028 - Segments Offering Most New Opportunities

35.3 Steam Turbine Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Steam Turbine Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Global Steam Turbine Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Global Steam Turbine Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: Asia-Pacific, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: Asia-Pacific, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: China, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: China, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: India, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: India, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Japan, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Japan, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Australia, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Australia, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Indonesia, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: Indonesia, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: South Korea, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: South Korea, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Western Europe, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: Western Europe, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: UK, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: UK, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: Germany, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: Germany, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: France, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: France, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Italy, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Italy, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Spain, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Spain, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Eastern Europe, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Eastern Europe, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: Russia, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: Russia, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: North America, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: North America, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: USA, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: USA, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: Canada, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: Canada, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: South America, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: South America, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Brazil, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Brazil, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Middle East, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Middle East, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Africa, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 75: Africa, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 76: Hitachi Ltd. Financial Performance

Table 77: Siemens AG Financial Performance

Table 78: General Electric Company Financial Performance

Table 79: Toshiba Corporation Financial Performance

Table 80: Alstom Power Inc. Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Steam Turbine Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Global Steam Turbine Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Global Steam Turbine Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: Asia-Pacific, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: Asia-Pacific, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: China, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: China, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: India, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: India, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Japan, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Japan, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Australia, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Australia, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Indonesia, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: Indonesia, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: South Korea, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: South Korea, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Western Europe, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: Western Europe, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: UK, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: UK, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: Germany, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: Germany, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: France, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: France, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Italy, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Italy, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Spain, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Spain, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Eastern Europe, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Eastern Europe, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: Russia, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: Russia, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: North America, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: North America, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: USA, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: USA, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: Canada, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: Canada, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: South America, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: South America, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Brazil, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Brazil, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Middle East, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Middle East, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Africa, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 75: Africa, Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 76: Hitachi Ltd. Financial Performance

Figure 77: Siemens AG Financial Performance

Figure 78: General Electric Company Financial Performance

Figure 79: Toshiba Corporation Financial Performance

Figure 80: Alstom Power Inc. Financial Performance

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Frequently Asked Questions

What is the definition of the steam turbine market?

How will the steam turbine market drivers and restraints affect the steam turbine market dynamics? What forces will shape the steam turbine industry going forward?

The steam turbine market major growth driver - the role of steam turbines in meeting the rising demand for renewable energy. For further insights on the steam turbine market, request a sample here

What is the forecast market size or the forecast market value of the steam turbine market ?

The steam turbine market size has grown steadily in recent years. It will grow from $16.89 billion in 2023 to $17.23 billion in 2024 at a compound annual growth rate (CAGR) of 2.0%. The growth in the historic period can be attributed to industrialization and power demand, expansion of power generation capacity, utilization in thermal power plants, cogeneration and combined heat and power (CHP) systems, reliability and longevity of steam turbines. The steam turbine market size is expected to see marginal growth in the next few years. It will grow to $18.64 billion in 2028 at a compound annual growth rate (CAGR) of 2.0%. The growth in the forecast period can be attributed to integration in nuclear power plants, increasing demand for district heating systems, focus on energy efficiency in industries, replacement and upgradation in aging infrastructure, emergence of small-scale and modular power plants. Major trends in the forecast period include development of advanced steam turbine controls, focus on upgrading and retrofitting existing steam turbine plants, growth in small-scale and micro steam turbines, introduction of advanced steam turbine materials, collaborations for research and development in steam turbine technology. For further insights on the steam turbine market, request a sample here

How is the steam turbine market segmented?

The steam turbine market is segmented
1) By Plant Type: Gas, Coal, Nuclear, Other Plant Types
2) By Capacity: Rated Power (200MW)
3) By Technology: Steam Cycle, Combined Cycle, Cogeneration
4) By Design: Reaction, Impulse
5) By End-Use Industry: Power And Utility, IndustrialFor further insights on the steam turbine market, request a sample here

Which region has the largest share of the steam turbine market? What are the other regions covered in the report?

Western Europe was the largest region in the steam turbine market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the steam turbine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the steam turbine market, request a sample here.

Who are the major players in the steam turbine market?

What are the key trends in the steam turbine market?

Major trend in the steam turbine market - strategic collaborations in the steam turbine market. For further insights on the steam turbine market, request a sample here.

What are the major opportunities in the steam turbine market? What are the strategies for the steam turbine market?

For detailed insights on the major opportunities and strategies in the steam turbine market, request a sample here.

How does the steam turbine market relate to the overall economy and other similar markets?

For detailed insights on steam turbine market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the steam turbine industry?

For detailed insights on the mergers and acquisitions in the steam turbine industry, request a sample here.

What are the key dynamics influencing the steam turbine market growth? SWOT analysis of the steam turbine market.

For detailed insights on the key dynamics influencing the steam turbine market growth and SWOT analysis of the steam turbine industry, request a sample here.