Global API Steam Turbine Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032
Description
Market Overview
According to DIResearch＇s in-depth investigation and research, the global API Steam Turbine market size will reach 3,128.48 Million USD in 2025 and is projected to reach 4,130.74 Million USD by 2032, with a CAGR of 4.05% (2025-2032). Notably, the China API Steam Turbine market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
An API steam turbine is a type of steam turbine that conforms to the standards set by the American Petroleum Institute (API). These turbines are designed specifically for use in the oil and gas industry, particularly in refineries, petrochemical plants, and other industrial facilities where API standards are required. API steam turbines are built to withstand the harsh operating conditions typically encountered in these environments, including high temperatures, high pressures, and corrosive atmospheres. They are engineered for reliability, durability, and safety, with features such as heavy-duty construction, robust bearings, and advanced sealing systems to prevent steam leakage. These turbines are often used to drive various types of equipment, such as pumps, compressors, and generators, helping to power critical processes in the oil and gas production and processing industries. Additionally, API steam turbines are designed to comply with specific API standards, such as API 611 (General-Purpose Steam Turbines for Petroleum, Chemical, and Gas Industry Services) and API 612 (Special-Purpose Steam Turbines for Petroleum, Chemical, and Gas Industry Services), ensuring consistency and interoperability across different installations.
The major global manufacturers of API Steam Turbine include Siemens, General Electric, Shanghai Electric, Dongfang Turbine, Hangzhou Steam Turbine(HTC), MAN Energy Solutions, Kawasaki Heavy Industries, Mitsubishi Hitachi Power Systems, Elliott, Triveni Turbine, Kessels, KEPL, CTMI, Skinner Power Systems, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of API Steam Turbine. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global API Steam Turbine market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the API Steam Turbine market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of API Steam Turbine industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of API Steam Turbine Include:
Siemens
General Electric
Shanghai Electric
Dongfang Turbine
Hangzhou Steam Turbine(HTC)
MAN Energy Solutions
Kawasaki Heavy Industries
Mitsubishi Hitachi Power Systems
Elliott
Triveni Turbine
Kessels
KEPL
CTMI
Skinner Power Systems
API Steam Turbine Product Segment Include:
API 611 General Purpose Steam Turbine
API 612 Special Purpose Turbine
API Steam Turbine Product Application Include:
Oil and Gas
Chemical
Power Generation
Others
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global API Steam Turbine Industry PESTEL Analysis
Chapter 3: Global API Steam Turbine Industry Porter's Five Forces Analysis
Chapter 4: Global API Steam Turbine Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global API Steam Turbine Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global API Steam Turbine Sales, Revenue, Price and Forecast by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 8: Industrial Chain Analysis, API Steam Turbine Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
According to DIResearch＇s in-depth investigation and research, the global API Steam Turbine market size will reach 3,128.48 Million USD in 2025 and is projected to reach 4,130.74 Million USD by 2032, with a CAGR of 4.05% (2025-2032). Notably, the China API Steam Turbine market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
An API steam turbine is a type of steam turbine that conforms to the standards set by the American Petroleum Institute (API). These turbines are designed specifically for use in the oil and gas industry, particularly in refineries, petrochemical plants, and other industrial facilities where API standards are required. API steam turbines are built to withstand the harsh operating conditions typically encountered in these environments, including high temperatures, high pressures, and corrosive atmospheres. They are engineered for reliability, durability, and safety, with features such as heavy-duty construction, robust bearings, and advanced sealing systems to prevent steam leakage. These turbines are often used to drive various types of equipment, such as pumps, compressors, and generators, helping to power critical processes in the oil and gas production and processing industries. Additionally, API steam turbines are designed to comply with specific API standards, such as API 611 (General-Purpose Steam Turbines for Petroleum, Chemical, and Gas Industry Services) and API 612 (Special-Purpose Steam Turbines for Petroleum, Chemical, and Gas Industry Services), ensuring consistency and interoperability across different installations.
The major global manufacturers of API Steam Turbine include Siemens, General Electric, Shanghai Electric, Dongfang Turbine, Hangzhou Steam Turbine(HTC), MAN Energy Solutions, Kawasaki Heavy Industries, Mitsubishi Hitachi Power Systems, Elliott, Triveni Turbine, Kessels, KEPL, CTMI, Skinner Power Systems, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of API Steam Turbine. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global API Steam Turbine market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the API Steam Turbine market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of API Steam Turbine industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of API Steam Turbine Include:
Siemens
General Electric
Shanghai Electric
Dongfang Turbine
Hangzhou Steam Turbine(HTC)
MAN Energy Solutions
Kawasaki Heavy Industries
Mitsubishi Hitachi Power Systems
Elliott
Triveni Turbine
Kessels
KEPL
CTMI
Skinner Power Systems
API Steam Turbine Product Segment Include:
API 611 General Purpose Steam Turbine
API 612 Special Purpose Turbine
API Steam Turbine Product Application Include:
Oil and Gas
Chemical
Power Generation
Others
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global API Steam Turbine Industry PESTEL Analysis
Chapter 3: Global API Steam Turbine Industry Porter's Five Forces Analysis
Chapter 4: Global API Steam Turbine Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global API Steam Turbine Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global API Steam Turbine Sales, Revenue, Price and Forecast by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 8: Industrial Chain Analysis, API Steam Turbine Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
Table of Contents
165 Pages
- 1 API Steam Turbine Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 API Steam Turbine Product by Type
- 1.2.1 API 611 General Purpose Steam Turbine
- 1.2.2 API 612 Special Purpose Turbine
- 1.3 API Steam Turbine Product by Application
- 1.3.1 Oil and Gas
- 1.3.2 Chemical
- 1.3.3 Power Generation
- 1.3.4 Others
- 1.4 Global API Steam Turbine Market Revenue and Sales Analysis
- 1.4.1 Global API Steam Turbine Revenue Market Size Analysis (2020-2032)
- 1.4.2 Global API Steam Turbine Sales Market Size Analysis (2020-2032)
- 1.4.3 Global API Steam Turbine Market Sales Price Trend Analysis (2020-2032)
- 1.5 API Steam Turbine Market Development Status and Trends
- 1.5.1 API Steam Turbine Industry Development Status Analysis
- 1.5.2 API Steam Turbine Industry Development Trends Analysis
- 2 API Steam Turbine Market PESTEL Analysis
- 2.1 Political Factors Analysis
- 2.2 Economic Factors Analysis
- 2.3 Social Factors Analysis
- 2.4 Technological Factors Analysis
- 2.5 Environmental Factors Analysis
- 2.6 Legal Factors Analysis
- 3 API Steam Turbine Market Porter's Five Forces Analysis
- 3.1 Competitive Rivalry
- 3.2 Threat of New Entrants
- 3.3 Bargaining Power of Suppliers
- 3.4 Bargaining Power of Buyers
- 3.5 Threat of Substitutes
- 4 Global API Steam Turbine Market Analysis by Country
- 4.1 Global API Steam Turbine Market Size Analysis by Country: 2024 VS 2025 VS 2032
- 4.1.1 Global API Steam Turbine Revenue and Market Share by Country (2020-2025)
- 4.1.2 Global API Steam Turbine Revenue and Market Share Forecast by Country (2026-2032)
- 4.2 Global API Steam Turbine Sales Analysis by Country: 2024 VS 2025 VS 2032
- 4.2.1 Global API Steam Turbine Sales and Market Share by Country (2020-2025)
- 4.2.2 Global API Steam Turbine Sales and Market Share Forecast by Country (2026-2032)
- 4.3 United States API Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.4 Germany API Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.5 Japan API Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.6 China API Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.7 France API Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.8 U.K. API Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.9 South Korea API Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.10 Canada API Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.11 Italy API Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.12 Russia API Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.13 Mexico API Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.14 Brazil API Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.15 India API Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.16 Vietnam API Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.17 Thailand API Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.18 South Africa API Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 5 Competition by Manufacturers
- 5.1 Global API Steam Turbine Market Sales, Revenue and Sales Price by Key Manufacturers (2021-2025)
- 5.1.1 Global API Steam Turbine Market Sales by Key Manufacturers (2021-2025)
- 5.1.2 Global API Steam Turbine Market Revenue by Key Manufacturers (2021-2025)
- 5.1.3 Global API Steam Turbine Average Sales Price by Manufacturers (2021-2025)
- 5.2 API Steam Turbine Competitive Landscape Analysis and Market Dynamic
- 5.2.1 API Steam Turbine Competitive Landscape Analysis
- 5.2.2 Global Key Manufacturers Headquarter and Key Area Sales
- 5.2.3 Market Dynamic
- 6 API Steam Turbine Market Analysis by Type
- 6.1 Global API Steam Turbine Market Revenue Analysis by Type
- 6.1.1 Global API Steam Turbine Market Size Analysis by Type: 2024 & 2025 & 2032
- 6.1.2 Global API Steam Turbine Revenue and Forecast Analysis by Type (2020-2032)
- 6.2 Global API Steam Turbine Sales and Forecast Analysis by Type (2020-2032)
- 6.3 Global API Steam Turbine Sales Price Trend Analysis by Type (2020-2032)
- 7 Key Companies Analysis
- 7.1 Siemens
- 7.1.1 Siemens Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.1.2 Siemens API Steam Turbine Product Portfolio
- 7.1.3 Siemens API Steam Turbine Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.2 General Electric
- 7.2.1 General Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.2.2 General Electric API Steam Turbine Product Portfolio
- 7.2.3 General Electric API Steam Turbine Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.3 Shanghai Electric
- 7.3.1 Shanghai Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.3.2 Shanghai Electric API Steam Turbine Product Portfolio
- 7.3.3 Shanghai Electric API Steam Turbine Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.4 Dongfang Turbine
- 7.4.1 Dongfang Turbine Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.4.2 Dongfang Turbine API Steam Turbine Product Portfolio
- 7.4.3 Dongfang Turbine API Steam Turbine Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.5 Hangzhou Steam Turbine(HTC)
- 7.5.1 Hangzhou Steam Turbine(HTC) Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.5.2 Hangzhou Steam Turbine(HTC) API Steam Turbine Product Portfolio
- 7.5.3 Hangzhou Steam Turbine(HTC) API Steam Turbine Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.6 MAN Energy Solutions
- 7.6.1 MAN Energy Solutions Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.6.2 MAN Energy Solutions API Steam Turbine Product Portfolio
- 7.6.3 MAN Energy Solutions API Steam Turbine Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.7 Kawasaki Heavy Industries
- 7.7.1 Kawasaki Heavy Industries Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.7.2 Kawasaki Heavy Industries API Steam Turbine Product Portfolio
- 7.7.3 Kawasaki Heavy Industries API Steam Turbine Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.8 Mitsubishi Hitachi Power Systems
- 7.8.1 Mitsubishi Hitachi Power Systems Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.8.2 Mitsubishi Hitachi Power Systems API Steam Turbine Product Portfolio
- 7.8.3 Mitsubishi Hitachi Power Systems API Steam Turbine Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.9 Elliott
- 7.9.1 Elliott Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.9.2 Elliott API Steam Turbine Product Portfolio
- 7.9.3 Elliott API Steam Turbine Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.10 Triveni Turbine
- 7.10.1 Triveni Turbine Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.10.2 Triveni Turbine API Steam Turbine Product Portfolio
- 7.10.3 Triveni Turbine API Steam Turbine Market Data Analysis (Reven
Pricing
Currency Rates
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