Name: Steam Turbine Market Size, Share, Growth and Industry Report
Creator: IMARC Group
License: https://www.imarcgroup.com/privacy-policy
Keywords: Steam Turbine Market

Steam Turbine Market Report by Exhaust Type (Condensing, Non-Condensing), Capacity (Less than 120 MW, 121-350 MW, 351-750 MW, More than 750 MW), Technology (Steam Cycle, Combined Cycle, Cogeneration), Application (Power Generation, Petrochemicals, Oil & Gas, and Others), and Region 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A5400

Buy Now

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Steam Turbine Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Exhaust Type
6.1 Condensing
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Non-Condensing
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Capacity
7.1 Less than 120 MW
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 121-350 MW
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 351-750 MW
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 More than 750 MW
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Technology
8.1 Steam Cycle
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Combined Cycle
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Cogeneration
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Application
9.1 Power Generation
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Petrochemicals
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Oil & Gas
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Arani Power Systems Limited
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Doosan Škoda Power
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Elliott Company (Ebara Corporation)
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 SWOT Analysis
15.3.4 Fuji Electric Co. Ltd.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 General Electric Company
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 MAN Energy Solutions SE (Volkswagen AG)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 SWOT Analysis
15.3.7 Mitsubishi Heavy Industries Ltd
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Shanghai Electric Group Company Limited
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Siemens Energy AG
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.10 Toshiba Corporation
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Turbine Generator Maintenance Inc.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 Turbocam Inc.
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Steam Turbine Market: Major Drivers and Challenges
Figure 2: Global: Steam Turbine Market: Sales Value (in Billion USD), 2019-2024
Figure 3: Global: Steam Turbine Market Forecast: Sales Value (in Billion USD), 2025-2033
Figure 4: Global: Steam Turbine Market: Breakup by Exhaust Type (in %), 2024
Figure 5: Global: Steam Turbine Market: Breakup by Capacity (in %), 2024
Figure 6: Global: Steam Turbine Market: Breakup by Technology (in %), 2024
Figure 7: Global: Steam Turbine Market: Breakup by Application (in %), 2024
Figure 8: Global: Steam Turbine Market: Breakup by Region (in %), 2024
Figure 9: Global: Steam Turbine (Condensing) Market: Sales Value (in Million USD), 2019 & 2024
Figure 10: Global: Steam Turbine (Condensing) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 11: Global: Steam Turbine (Non-Condensing) Market: Sales Value (in Million USD), 2019 & 2024
Figure 12: Global: Steam Turbine (Non-Condensing) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 13: Global: Steam Turbine (Less than 120 MW) Market: Sales Value (in Million USD), 2019 & 2024
Figure 14: Global: Steam Turbine (Less than 120 MW) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 15: Global: Steam Turbine (121-350 MW) Market: Sales Value (in Million USD), 2019 & 2024
Figure 16: Global: Steam Turbine (121-350 MW) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 17: Global: Steam Turbine (351-750 MW) Market: Sales Value (in Million USD), 2019 & 2024
Figure 18: Global: Steam Turbine (351-750 MW) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 19: Global: Steam Turbine (More than 750 MW) Market: Sales Value (in Million USD), 2019 & 2024
Figure 20: Global: Steam Turbine (More than 750 MW) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 21: Global: Steam Turbine (Steam Cycle) Market: Sales Value (in Million USD), 2019 & 2024
Figure 22: Global: Steam Turbine (Steam Cycle) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 23: Global: Steam Turbine (Combined Cycle) Market: Sales Value (in Million USD), 2019 & 2024
Figure 24: Global: Steam Turbine (Combined Cycle) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 25: Global: Steam Turbine (Cogeneration) Market: Sales Value (in Million USD), 2019 & 2024
Figure 26: Global: Steam Turbine (Cogeneration) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 27: Global: Steam Turbine (Power Generation) Market: Sales Value (in Million USD), 2019 & 2024
Figure 28: Global: Steam Turbine (Power Generation) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 29: Global: Steam Turbine (Petrochemicals) Market: Sales Value (in Million USD), 2019 & 2024
Figure 30: Global: Steam Turbine (Petrochemicals) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 31: Global: Steam Turbine (Oil & Gas) Market: Sales Value (in Million USD), 2019 & 2024
Figure 32: Global: Steam Turbine (Oil & Gas) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 33: Global: Steam Turbine (Other Applications) Market: Sales Value (in Million USD), 2019 & 2024
Figure 34: Global: Steam Turbine (Other Applications) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 35: North America: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 36: North America: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 37: United States: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 38: United States: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 39: Canada: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 40: Canada: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 41: Asia-Pacific: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 42: Asia-Pacific: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 43: China: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 44: China: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 45: Japan: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 46: Japan: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 47: India: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 48: India: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 49: South Korea: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 50: South Korea: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 51: Australia: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 52: Australia: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 53: Indonesia: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 54: Indonesia: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 55: Others: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 56: Others: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 57: Europe: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 58: Europe: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 59: Germany: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 60: Germany: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 61: France: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 62: France: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 63: United Kingdom: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 64: United Kingdom: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 65: Italy: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 66: Italy: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 67: Spain: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 68: Spain: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 69: Russia: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 70: Russia: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 71: Others: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 72: Others: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 73: Latin America: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 74: Latin America: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 75: Brazil: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 76: Brazil: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 77: Mexico: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 78: Mexico: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 79: Others: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 80: Others: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 81: Middle East and Africa: Steam Turbine Market: Sales Value (in Million USD), 2019 & 2024
Figure 82: Middle East and Africa: Steam Turbine Market: Breakup by Country (in %), 2024
Figure 83: Middle East and Africa: Steam Turbine Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 84: Global: Steam Turbine Industry: SWOT Analysis
Figure 85: Global: Steam Turbine Industry: Value Chain Analysis
Figure 86: Global: Steam Turbine Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Steam Turbine Market: Key Industry Highlights, 2024 and 2033
Table 2: Global: Steam Turbine Market Forecast: Breakup by Exhaust Type (in Million USD), 2025-2033
Table 3: Global: Steam Turbine Market Forecast: Breakup by Capacity (in Million USD), 2025-2033
Table 4: Global: Steam Turbine Market Forecast: Breakup by Technology (in Million USD), 2025-2033
Table 5: Global: Steam Turbine Market Forecast: Breakup by Application (in Million USD), 2025-2033
Table 6: Global: Steam Turbine Market Forecast: Breakup by Region (in Million USD), 2025-2033
Table 7: Global: Steam Turbine Market: Competitive Structure
Table 8: Global: Steam Turbine Market: Key Players

Purchase Options New Year Sale

Inquire Before Buying

Speak to an Analyst

Request Brochure

Request Customization

Benefits of Customization

Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.