Global Extraction Condensing Steam Turbines Market Growth 2026-2032
Description
The global Extraction Condensing Steam Turbines market size is predicted to grow from US$ 3218 million in 2025 to US$ 4630 million in 2032; it is expected to grow at a CAGR of 5.4% from 2026 to 2032.
An Extraction Condensing Steam Turbine is a type of steam turbine designed to generate power while simultaneously providing steam at intermediate pressures for industrial or heating processes. The turbine allows steam to be extracted from various stages before full condensation, making it highly versatile for cogeneration systems where both electricity and process steam are required.
The market for extraction condensing steam turbines is driven by the need for efficient energy systems that can support both power generation and industrial processes. Industries like chemicals, pulp and paper, textiles, and district heating systems heavily rely on these turbines for combined heat and power (CHP) applications.
Market Drivers
Energy Efficiency: High demand for systems that maximize energy utilization by providing both power and process steam. Industrial Applications: Increasing adoption in industries that require process steam for heating, drying, and other applications. Decarbonization Goals: Governments and industries are seeking low-carbon solutions, which boosts the adoption of CHP systems.
Market Restraints
Complexity in Operations: The dual-purpose design requires advanced operational controls and maintenance. Capital Costs: Higher initial investment compared to simpler turbine designs.
Market Opportunities
Emerging Economies: Rapid industrialization and urbanization create opportunities for CHP systems using extraction condensing turbines. Integration with Renewable Energy: Biomass and waste-to-energy plants benefit from the flexibility of these turbines.
LP Information, Inc. (LPI) ' newest research report, the “Extraction Condensing Steam Turbines Industry Forecast” looks at past sales and reviews total world Extraction Condensing Steam Turbines sales in 2025, providing a comprehensive analysis by region and market sector of projected Extraction Condensing Steam Turbines sales for 2026 through 2032. With Extraction Condensing Steam Turbines sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Extraction Condensing Steam Turbines industry.
This Insight Report provides a comprehensive analysis of the global Extraction Condensing Steam Turbines landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Extraction Condensing Steam Turbines portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Extraction Condensing Steam Turbines market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Extraction Condensing Steam Turbines and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Extraction Condensing Steam Turbines.
This report presents a comprehensive overview, market shares, and growth opportunities of Extraction Condensing Steam Turbines market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Single Extraction Condensing Steam Turbine
Multi-Extraction Condensing Steam Turbine
Segmentation by Application:
Chemical and Petrochemical
General Industrial
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
General Electric
Siemens
Dongfang Turbine
Shanghai Electric
Hangzhou Steam Turbine(HTC)
Harbin Electric Corporation
Mitsubishi Power
MAN Energy Solutions
Fuji Electric
Ebara Elliott
Doosan
Ansaldo
Kawasaki Heavy Industries
Power Machines
Key Questions Addressed in this Report
What is the 10-year outlook for the global Extraction Condensing Steam Turbines market?
What factors are driving Extraction Condensing Steam Turbines market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Extraction Condensing Steam Turbines market opportunities vary by end market size?
How does Extraction Condensing Steam Turbines break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
An Extraction Condensing Steam Turbine is a type of steam turbine designed to generate power while simultaneously providing steam at intermediate pressures for industrial or heating processes. The turbine allows steam to be extracted from various stages before full condensation, making it highly versatile for cogeneration systems where both electricity and process steam are required.
The market for extraction condensing steam turbines is driven by the need for efficient energy systems that can support both power generation and industrial processes. Industries like chemicals, pulp and paper, textiles, and district heating systems heavily rely on these turbines for combined heat and power (CHP) applications.
Market Drivers
Energy Efficiency: High demand for systems that maximize energy utilization by providing both power and process steam. Industrial Applications: Increasing adoption in industries that require process steam for heating, drying, and other applications. Decarbonization Goals: Governments and industries are seeking low-carbon solutions, which boosts the adoption of CHP systems.
Market Restraints
Complexity in Operations: The dual-purpose design requires advanced operational controls and maintenance. Capital Costs: Higher initial investment compared to simpler turbine designs.
Market Opportunities
Emerging Economies: Rapid industrialization and urbanization create opportunities for CHP systems using extraction condensing turbines. Integration with Renewable Energy: Biomass and waste-to-energy plants benefit from the flexibility of these turbines.
LP Information, Inc. (LPI) ' newest research report, the “Extraction Condensing Steam Turbines Industry Forecast” looks at past sales and reviews total world Extraction Condensing Steam Turbines sales in 2025, providing a comprehensive analysis by region and market sector of projected Extraction Condensing Steam Turbines sales for 2026 through 2032. With Extraction Condensing Steam Turbines sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Extraction Condensing Steam Turbines industry.
This Insight Report provides a comprehensive analysis of the global Extraction Condensing Steam Turbines landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Extraction Condensing Steam Turbines portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Extraction Condensing Steam Turbines market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Extraction Condensing Steam Turbines and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Extraction Condensing Steam Turbines.
This report presents a comprehensive overview, market shares, and growth opportunities of Extraction Condensing Steam Turbines market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Single Extraction Condensing Steam Turbine
Multi-Extraction Condensing Steam Turbine
Segmentation by Application:
Chemical and Petrochemical
General Industrial
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
General Electric
Siemens
Dongfang Turbine
Shanghai Electric
Hangzhou Steam Turbine(HTC)
Harbin Electric Corporation
Mitsubishi Power
MAN Energy Solutions
Fuji Electric
Ebara Elliott
Doosan
Ansaldo
Kawasaki Heavy Industries
Power Machines
Key Questions Addressed in this Report
What is the 10-year outlook for the global Extraction Condensing Steam Turbines market?
What factors are driving Extraction Condensing Steam Turbines market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Extraction Condensing Steam Turbines market opportunities vary by end market size?
How does Extraction Condensing Steam Turbines break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
120 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Extraction Condensing Steam Turbines by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Extraction Condensing Steam Turbines by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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