
Steam Turbines Market by Type (Extraction Back-Pressure Turbines, Extraction-Condensing Turbines, Geared Turbines), Capacity (151 to 300 MW, More than 300 MW, Up to 150 MW), Design, End-User - Global Forecast 2024-2030
Description
Steam Turbines Market by Type (Extraction Back-Pressure Turbines, Extraction-Condensing Turbines, Geared Turbines), Capacity (151 to 300 MW, More than 300 MW, Up to 150 MW), Design, End-User - Global Forecast 2024-2030
The Steam Turbines Market size was estimated at USD 22.97 billion in 2023 and expected to reach USD 23.97 billion in 2024, at a CAGR 4.38% to reach USD 31.02 billion by 2030.
Global Steam Turbines Market
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Steam Turbines Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Steam Turbines Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Steam Turbines Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Alstom S.A., Ansaldo Energia S.p.A, Arani power systems, Bharat Heavy Electricals Limited, Chola Turbo Machinery International Pvt. Ltd., Dongfang Turbine Company Limited, Doosan Škoda Power, Elliott Group, Fuji Electric Co., Ltd., General Electric Company, Hangzhou Turbine Power Group Co., Ltd., Howden Group, Kawasaki Heavy Industries, Ltd., MAN Energy Solutions SE, Mitsubishi Heavy Industries, Ltd., Shin Nippon Machinery Co., Ltd, Siemens AG, Sumitomo Heavy Industries, Ltd., Toshiba Corporation, Trillium Flow Technologies, Turbine Generator Maintenance Inc., TURBOCAM, Inc., and WEG S.A..
Market Segmentation & Coverage
This research report categorizes the Steam Turbines Market to forecast the revenues and analyze trends in each of the following sub-markets:
Type
Extraction Back-Pressure Turbines
Extraction-Condensing Turbines
Geared Turbines
Mixed-Pressure Turbines
Small/Mid-Sized Condensing Turbines
Capacity
151 to 300 MW
More than 300 MW
Up to 150 MW
Design
Impluse
Reaction
End-User
Industrial
Power & Utility
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
The report offers valuable insights on the following aspects:
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
1. What is the market size and forecast of the Steam Turbines Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Steam Turbines Market?
3. What are the technology trends and regulatory frameworks in the Steam Turbines Market?
4. What is the market share of the leading vendors in the Steam Turbines Market?
5. Which modes and strategic moves are suitable for entering the Steam Turbines Market?
Note: PDF & Excel + Online Access - 1 Year
Table of Contents
184 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Steam Turbines Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Growing electricity requirements and rising thermal power capacity
- 5.1.1.2. Increase in demand for district & local heating & cooling systems
- 5.1.1.3. Government regulations for the use of steam turbines
- 5.1.2. Restraints
- 5.1.2.1. Huge cost associated with steam turbines
- 5.1.3. Opportunities
- 5.1.3.1. Upgradation of aged power generation infrastructure
- 5.1.3.2. Increase in combined cycle and co-generation operations
- 5.1.4. Challenges
- 5.1.4.1. Boiler efficiency and steam quality issues
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework
- 6. Steam Turbines Market, by Type
- 6.1. Introduction
- 6.2. Extraction Back-Pressure Turbines
- 6.3. Extraction-Condensing Turbines
- 6.4. Geared Turbines
- 6.5. Mixed-Pressure Turbines
- 6.6. Small/Mid-Sized Condensing Turbines
- 7. Steam Turbines Market, by Capacity
- 7.1. Introduction
- 7.2. 151 to 300 MW
- 7.3. More than 300 MW
- 7.4. Up to 150 MW
- 8. Steam Turbines Market, by Design
- 8.1. Introduction
- 8.2. Impluse
- 8.3. Reaction
- 9. Steam Turbines Market, by End-User
- 9.1. Introduction
- 9.2. Industrial
- 9.3. Power & Utility
- 10. Americas Steam Turbines Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Steam Turbines Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Steam Turbines Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. FPNV Positioning Matrix
- 13.2. Market Share Analysis, By Key Player
- 13.3. Competitive Scenario Analysis, By Key Player
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.1.1. ABB Ltd.
- 14.1.2. Alstom S.A.
- 14.1.3. Ansaldo Energia S.p.A
- 14.1.4. Arani power systems
- 14.1.5. Bharat Heavy Electricals Limited
- 14.1.6. Chola Turbo Machinery International Pvt. Ltd.
- 14.1.7. Dongfang Turbine Company Limited
- 14.1.8. Doosan Škoda Power
- 14.1.9. Elliott Group
- 14.1.10. Fuji Electric Co., Ltd.
- 14.1.11. General Electric Company
- 14.1.12. Hangzhou Turbine Power Group Co., Ltd.
- 14.1.13. Howden Group
- 14.1.14. Kawasaki Heavy Industries, Ltd.
- 14.1.15. MAN Energy Solutions SE
- 14.1.16. Mitsubishi Heavy Industries, Ltd.
- 14.1.17. Shin Nippon Machinery Co., Ltd
- 14.1.18. Siemens AG
- 14.1.19. Sumitomo Heavy Industries, Ltd.
- 14.1.20. Toshiba Corporation
- 14.1.21. Trillium Flow Technologies
- 14.1.22. Turbine Generator Maintenance Inc.
- 14.1.23. TURBOCAM, Inc.
- 14.1.24. WEG S.A.
- 14.2. Key Product Portfolio
- 15. Appendix
- 15.1. Discussion Guide
- 15.2. License & Pricing
- FIGURE 1. STEAM TURBINES MARKET RESEARCH PROCESS
- FIGURE 2. STEAM TURBINES MARKET SIZE, 2023 VS 2030
- FIGURE 3. STEAM TURBINES MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. STEAM TURBINES MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. STEAM TURBINES MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. STEAM TURBINES MARKET DYNAMICS
- FIGURE 7. STEAM TURBINES MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
- FIGURE 8. STEAM TURBINES MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. STEAM TURBINES MARKET SIZE, BY CAPACITY, 2023 VS 2030 (%)
- FIGURE 10. STEAM TURBINES MARKET SIZE, BY CAPACITY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. STEAM TURBINES MARKET SIZE, BY DESIGN, 2023 VS 2030 (%)
- FIGURE 12. STEAM TURBINES MARKET SIZE, BY DESIGN, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. STEAM TURBINES MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
- FIGURE 14. STEAM TURBINES MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. AMERICAS STEAM TURBINES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 16. AMERICAS STEAM TURBINES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. UNITED STATES STEAM TURBINES MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 18. UNITED STATES STEAM TURBINES MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. ASIA-PACIFIC STEAM TURBINES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. ASIA-PACIFIC STEAM TURBINES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. EUROPE, MIDDLE EAST & AFRICA STEAM TURBINES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 22. EUROPE, MIDDLE EAST & AFRICA STEAM TURBINES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 23. STEAM TURBINES MARKET, FPNV POSITIONING MATRIX, 2023
- FIGURE 24. STEAM TURBINES MARKET SHARE, BY KEY PLAYER, 2023
Pricing
Currency Rates
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