Global Steam Turbine for Power Generation Market Growth 2025-2031
Description
The global Steam Turbine for Power Generation market size is predicted to grow from US$ 4264 million in 2025 to US$ 5218 million in 2031; it is expected to grow at a CAGR of 3.4% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
A steam turbine for power generation is a device that converts the thermal energy of pressurized steam into mechanical energy, which is then used to drive an electrical generator. Steam turbines are a crucial component in power plants that utilize steam as a working fluid to produce electricity. The high-pressure steam is directed onto the blades of the turbine, causing the rotor to spin and generate mechanical power, which is then converted into electrical power by the attached generator.
The future market trends for steam turbines for power generation may include advancements in turbine design to improve efficiency, reliability, and flexibility in response to the increasing integration of renewable energy sources into the power grid. Additionally, the adoption of combined cycle power plants, which integrate gas turbines with steam turbines for higher overall efficiency, and the development of advanced materials and coatings for turbine components could shape the future market trends for this product. Furthermore, the modernization and repowering of existing steam turbine plants to enhance their performance and extend their operational lifespan may contribute to the market trends.
LP Information, Inc. (LPI) ' newest research report, the “Steam Turbine for Power Generation Industry Forecast” looks at past sales and reviews total world Steam Turbine for Power Generation sales in 2024, providing a comprehensive analysis by region and market sector of projected Steam Turbine for Power Generation sales for 2025 through 2031. With Steam Turbine for Power Generation sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Steam Turbine for Power Generation industry.
This Insight Report provides a comprehensive analysis of the global Steam Turbine for Power Generation 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 Steam Turbine for Power Generation portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Steam Turbine for Power Generation market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Steam Turbine for Power Generation 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 Steam Turbine for Power Generation.
This report presents a comprehensive overview, market shares, and growth opportunities of Steam Turbine for Power Generation market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Under 300 MW
300 MW to 600 MW
Above 600 MW
Segmentation by Application:
Steam Cycle Thermal Power Plant
Combined Cycle Thermal Power Plant
Cogeneration Thermal Power Plant
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.
Shanghai Electric
Dongfang Electric
Harbin Electric Corporation
General Electric
Siemens
Bharat Heavy Electricals
Elliott Group
Kawasaki Heavy Industries
Mitsubishi Heavy Industries
Toshiba America Energy Systems Corporation
Fuji Electric
Peter BrOthershood
Ansaldo Energia
Bharat Heavy Electricals Limited
Doosan Skoda Power
TGM Kanis Turbinen
OJSC Power Machines
Key Questions Addressed in this Report
What is the 10-year outlook for the global Steam Turbine for Power Generation market?
What factors are driving Steam Turbine for Power Generation market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Steam Turbine for Power Generation market opportunities vary by end market size?
How does Steam Turbine for Power Generation break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
A steam turbine for power generation is a device that converts the thermal energy of pressurized steam into mechanical energy, which is then used to drive an electrical generator. Steam turbines are a crucial component in power plants that utilize steam as a working fluid to produce electricity. The high-pressure steam is directed onto the blades of the turbine, causing the rotor to spin and generate mechanical power, which is then converted into electrical power by the attached generator.
The future market trends for steam turbines for power generation may include advancements in turbine design to improve efficiency, reliability, and flexibility in response to the increasing integration of renewable energy sources into the power grid. Additionally, the adoption of combined cycle power plants, which integrate gas turbines with steam turbines for higher overall efficiency, and the development of advanced materials and coatings for turbine components could shape the future market trends for this product. Furthermore, the modernization and repowering of existing steam turbine plants to enhance their performance and extend their operational lifespan may contribute to the market trends.
LP Information, Inc. (LPI) ' newest research report, the “Steam Turbine for Power Generation Industry Forecast” looks at past sales and reviews total world Steam Turbine for Power Generation sales in 2024, providing a comprehensive analysis by region and market sector of projected Steam Turbine for Power Generation sales for 2025 through 2031. With Steam Turbine for Power Generation sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Steam Turbine for Power Generation industry.
This Insight Report provides a comprehensive analysis of the global Steam Turbine for Power Generation 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 Steam Turbine for Power Generation portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Steam Turbine for Power Generation market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Steam Turbine for Power Generation 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 Steam Turbine for Power Generation.
This report presents a comprehensive overview, market shares, and growth opportunities of Steam Turbine for Power Generation market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Under 300 MW
300 MW to 600 MW
Above 600 MW
Segmentation by Application:
Steam Cycle Thermal Power Plant
Combined Cycle Thermal Power Plant
Cogeneration Thermal Power Plant
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.
Shanghai Electric
Dongfang Electric
Harbin Electric Corporation
General Electric
Siemens
Bharat Heavy Electricals
Elliott Group
Kawasaki Heavy Industries
Mitsubishi Heavy Industries
Toshiba America Energy Systems Corporation
Fuji Electric
Peter BrOthershood
Ansaldo Energia
Bharat Heavy Electricals Limited
Doosan Skoda Power
TGM Kanis Turbinen
OJSC Power Machines
Key Questions Addressed in this Report
What is the 10-year outlook for the global Steam Turbine for Power Generation market?
What factors are driving Steam Turbine for Power Generation market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Steam Turbine for Power Generation market opportunities vary by end market size?
How does Steam Turbine for Power Generation break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
143 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 Steam Turbine for Power Generation 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 Steam Turbine for Power Generation by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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