Global 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 Steam Turbine market size will reach 13,727 Million USD in 2025 and is projected to reach 18,705 Million USD by 2032, with a CAGR of 4.52% (2025-2032). Notably, the China 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
A steam turbine is a mechanical device that converts thermal energy from pressurized steam into mechanical energy, which can then be used to generate electricity or drive mechanical equipment. The steam turbine operates by directing high-pressure steam onto a series of blades mounted on a rotor. As the steam passes through the turbine, it expands and cools, transferring its energy to the blades and causing the rotor to spin. This rotational energy can be used directly to drive machinery or connected to a generator to produce electricity. Steam turbines are widely used in power plants, including fossil fuel, nuclear, and renewable energy facilities, due to their high efficiency and ability to handle large-scale power generation. They are also employed in various industrial processes where mechanical drive power is required. Steam turbines are valued for their reliability, efficiency, and ability to convert high amounts of energy from steam into useful work.
The major global manufacturers of Steam Turbine include General Electric, Siemens, Dongfang Turbine, Shanghai Electric, Hangzhou Steam Turbine(HTC), Harbin Electric Corporation, Mitsubishi Hitachi Power Systems, MAN Energy Solutions, Fuji Electric, Elliott, Doosan, Ansaldo, Kawasaki Heavy Industries, Power Machines, 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 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 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 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 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 Steam Turbine Include:
General Electric
Siemens
Dongfang Turbine
Shanghai Electric
Hangzhou Steam Turbine(HTC)
Harbin Electric Corporation
Mitsubishi Hitachi Power Systems
MAN Energy Solutions
Fuji Electric
Elliott
Doosan
Ansaldo
Kawasaki Heavy Industries
Power Machines
Steam Turbine Product Segment Include:
Non-Condensing Steam Turbine
Condensing Steam Turbine
Steam Turbine Product Application Include:
Power Generation
Industrial
Others
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global Steam Turbine Industry PESTEL Analysis
Chapter 3: Global Steam Turbine Industry Porter's Five Forces Analysis
Chapter 4: Global Steam Turbine Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global Steam Turbine Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global 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, 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 Steam Turbine market size will reach 13,727 Million USD in 2025 and is projected to reach 18,705 Million USD by 2032, with a CAGR of 4.52% (2025-2032). Notably, the China 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
A steam turbine is a mechanical device that converts thermal energy from pressurized steam into mechanical energy, which can then be used to generate electricity or drive mechanical equipment. The steam turbine operates by directing high-pressure steam onto a series of blades mounted on a rotor. As the steam passes through the turbine, it expands and cools, transferring its energy to the blades and causing the rotor to spin. This rotational energy can be used directly to drive machinery or connected to a generator to produce electricity. Steam turbines are widely used in power plants, including fossil fuel, nuclear, and renewable energy facilities, due to their high efficiency and ability to handle large-scale power generation. They are also employed in various industrial processes where mechanical drive power is required. Steam turbines are valued for their reliability, efficiency, and ability to convert high amounts of energy from steam into useful work.
The major global manufacturers of Steam Turbine include General Electric, Siemens, Dongfang Turbine, Shanghai Electric, Hangzhou Steam Turbine(HTC), Harbin Electric Corporation, Mitsubishi Hitachi Power Systems, MAN Energy Solutions, Fuji Electric, Elliott, Doosan, Ansaldo, Kawasaki Heavy Industries, Power Machines, 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 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 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 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 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 Steam Turbine Include:
General Electric
Siemens
Dongfang Turbine
Shanghai Electric
Hangzhou Steam Turbine(HTC)
Harbin Electric Corporation
Mitsubishi Hitachi Power Systems
MAN Energy Solutions
Fuji Electric
Elliott
Doosan
Ansaldo
Kawasaki Heavy Industries
Power Machines
Steam Turbine Product Segment Include:
Non-Condensing Steam Turbine
Condensing Steam Turbine
Steam Turbine Product Application Include:
Power Generation
Industrial
Others
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global Steam Turbine Industry PESTEL Analysis
Chapter 3: Global Steam Turbine Industry Porter's Five Forces Analysis
Chapter 4: Global Steam Turbine Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global Steam Turbine Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global 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, 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 Steam Turbine Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 Steam Turbine Product by Type
- 1.2.1 Non-Condensing Steam Turbine
- 1.2.2 Condensing Steam Turbine
- 1.3 Steam Turbine Product by Application
- 1.3.1 Power Generation
- 1.3.2 Industrial
- 1.3.3 Others
- 1.4 Global Steam Turbine Market Revenue and Sales Analysis
- 1.4.1 Global Steam Turbine Revenue Market Size Analysis (2020-2032)
- 1.4.2 Global Steam Turbine Sales Market Size Analysis (2020-2032)
- 1.4.3 Global Steam Turbine Market Sales Price Trend Analysis (2020-2032)
- 1.5 Steam Turbine Market Development Status and Trends
- 1.5.1 Steam Turbine Industry Development Status Analysis
- 1.5.2 Steam Turbine Industry Development Trends Analysis
- 2 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 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 Steam Turbine Market Analysis by Country
- 4.1 Global Steam Turbine Market Size Analysis by Country: 2024 VS 2025 VS 2032
- 4.1.1 Global Steam Turbine Revenue and Market Share by Country (2020-2025)
- 4.1.2 Global Steam Turbine Revenue and Market Share Forecast by Country (2026-2032)
- 4.2 Global Steam Turbine Sales Analysis by Country: 2024 VS 2025 VS 2032
- 4.2.1 Global Steam Turbine Sales and Market Share by Country (2020-2025)
- 4.2.2 Global Steam Turbine Sales and Market Share Forecast by Country (2026-2032)
- 4.3 United States Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.4 Germany Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.5 Japan Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.6 China Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.7 France Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.8 U.K. Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.9 South Korea Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.10 Canada Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.11 Italy Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.12 Russia Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.13 Mexico Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.14 Brazil Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.15 India Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.16 Vietnam Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.17 Thailand Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 4.18 South Africa Steam Turbine Market Sales, Revenue and Growth Rate (2020-2032)
- 5 Competition by Manufacturers
- 5.1 Global Steam Turbine Market Sales, Revenue and Sales Price by Key Manufacturers (2021-2025)
- 5.1.1 Global Steam Turbine Market Sales by Key Manufacturers (2021-2025)
- 5.1.2 Global Steam Turbine Market Revenue by Key Manufacturers (2021-2025)
- 5.1.3 Global Steam Turbine Average Sales Price by Manufacturers (2021-2025)
- 5.2 Steam Turbine Competitive Landscape Analysis and Market Dynamic
- 5.2.1 Steam Turbine Competitive Landscape Analysis
- 5.2.2 Global Key Manufacturers Headquarter and Key Area Sales
- 5.2.3 Market Dynamic
- 6 Steam Turbine Market Analysis by Type
- 6.1 Global Steam Turbine Market Revenue Analysis by Type
- 6.1.1 Global Steam Turbine Market Size Analysis by Type: 2024 & 2025 & 2032
- 6.1.2 Global Steam Turbine Revenue and Forecast Analysis by Type (2020-2032)
- 6.2 Global Steam Turbine Sales and Forecast Analysis by Type (2020-2032)
- 6.3 Global Steam Turbine Sales Price Trend Analysis by Type (2020-2032)
- 7 Key Companies Analysis
- 7.1 General Electric
- 7.1.1 General Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.1.2 General Electric Steam Turbine Product Portfolio
- 7.1.3 General Electric Steam Turbine Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.2 Siemens
- 7.2.1 Siemens Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.2.2 Siemens Steam Turbine Product Portfolio
- 7.2.3 Siemens Steam Turbine Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.3 Dongfang Turbine
- 7.3.1 Dongfang Turbine Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.3.2 Dongfang Turbine Steam Turbine Product Portfolio
- 7.3.3 Dongfang Turbine Steam Turbine Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.4 Shanghai Electric
- 7.4.1 Shanghai Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.4.2 Shanghai Electric Steam Turbine Product Portfolio
- 7.4.3 Shanghai Electric 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) Steam Turbine Product Portfolio
- 7.5.3 Hangzhou Steam Turbine(HTC) Steam Turbine Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.6 Harbin Electric Corporation
- 7.6.1 Harbin Electric Corporation Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.6.2 Harbin Electric Corporation Steam Turbine Product Portfolio
- 7.6.3 Harbin Electric Corporation Steam Turbine Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.7 Mitsubishi Hitachi Power Systems
- 7.7.1 Mitsubishi Hitachi Power Systems Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.7.2 Mitsubishi Hitachi Power Systems Steam Turbine Product Portfolio
- 7.7.3 Mitsubishi Hitachi Power Systems Steam Turbine Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.8 MAN Energy Solutions
- 7.8.1 MAN Energy Solutions Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.8.2 MAN Energy Solutions Steam Turbine Product Portfolio
- 7.8.3 MAN Energy Solutions Steam Turbine Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.9 Fuji Electric
- 7.9.1 Fuji Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.9.2 Fuji Electric Steam Turbine Product Portfolio
- 7.9.3 Fuji Electric Steam Turbine Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.10 Elliott
- 7.10.1 Elliott Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.10.2 Elliott Steam Turbine Product Portfolio
- 7.10.3 Elliott Steam Turbine Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.11 Doosan
- 7.11.1 Doosan Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.11.2 Doosan Steam Turbine Product Portfolio
- 7.11.3 Doosan Steam Turbine Market Data Analysis (Revenue
Pricing
Currency Rates
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