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Steam Turbines Market by Type (Steam Cycle, Combined Cycle and Cogeneration), by Rated Capacity (1-120 MW, 121-350 MW, 351-750 MW and Above 750 MW), by Exhaust Type (Condensing and Noncondensing), by Application (Coal, Nuclear, Biomass and Others) and by

Steam Turbines Market by Type (Steam Cycle, Combined Cycle and Cogeneration), by Rated Capacity (1-120 MW, 121-350 MW, 351-750 MW and Above 750 MW), by Exhaust Type (Condensing and Noncondensing), by Application (Coal, Nuclear, Biomass and Others) and by Region (Americas, Asia-Pacific, Europe and Middle East & Africa) - Global Trends and Forecasts to 2020

Steam turbines market to grow at a CAGR of 4.4% during the forecast period 2015-2020

The steam turbines market is expected to reach a market size of USD 19,292 million by 2020, at a CAGR of 4.4% from 2015 to 2020. Growing investment in thermal power generation infrastructure, particularly in emerging economies, is driving the demand for steam turbines across the globe. Utilities across Asia-Pacific and the Middle East & Africa are expanding generation capacity to meet growing domestic electricity demand.

Steam turbines find important application in gas-fired combined cycle plants, as well as Combined Heat and Power (CHP/Cogeneration) plants. The increasing number of natural gas based combined cycle plants in the Americas and the Middle East, where natural gas prices have been very affordable over the past decade, is also increasing the demand for steam turbines.

Application in coal dominates the global market:
Coal application of steam turbine held the largest market share in terms of value, across all regions of the world, except Europe, where nuclear application was ahead by a wide margin. Asia-Pacific in particular was heavily dominated by coal application, and the region is expected to witness the highest growth for this application during the forecast period. However, growth will be subdued in the Americas and especially Europe, as policy measures by authorities make it tougher to build new fossil fuel fired power plants.

Asia-Pacific: The fastest growing region for steam turbine market
Asia-Pacific is home to some of the fastest growing emerging economies in the world and has the largest share of human population among all regions. Increasing demand for electricity in the region coupled with the intent of respective countries to plug the demand and supply gap has led to large scale plans for capacity expansion. China and India, two of the largest economies in the region, are together expected to add close to 60% of all new thermal power generation capacity in the world in the next five years. These infrastructure investments are projected to drive demand for steam turbines at a healthy pace.

Leading players of this market have been profiled with their recent developments and other strategic activities. These include Alstom SA (France), Siemens AG (Germany), General Electric (U.S.), Mitsubishi Hitachi Power Systems (Japan), and Toshiba Corporation (Japan) among others.

The report provides a comprehensive view about the steam turbines market. The factors that are driving demand, restraining growth, creating opportunities, and posing challenges to the market have been analyzed, while the leading players that hold the most competitive advantage have been profiled. Stakeholders such as steam turbine manufacturers, component suppliers, industry associations, policy think tanks, government planning departments, and independent market observers can utilize this information to understand the market and leverage the information to their business advantage.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKETS COVERED
    • YEARS CONSIDERED IN THE REPORT
    • CURRENCY
    • PACKAGE SIZE
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS & LIMITATIONS
      • ASSUMPTIONS
      • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES
    • ASIA-PACIFIC: POTENTIAL MARKET TO INVEST DURING THE FORECAST PERIOD
    • COAL FIRED POWER PLANTS DOMINATED THE STEAM TURBINES MARKET, BY APPLICATION IN 2014
    • STEAM CYCLE (CONVENTIONAL) TYPE DOMINATED THE STEAM TURBINES MARKET IN 2014
    • INCREASE IN DEMAND FOR STEAM TURBINES FOR COAL FIRED POWER PLANTS IN THE ASIA-PACIFIC REGION
    • STEAM TURBINES MARKET, BY EXHAUST TYPE
  • MARKET OVERVIEW
    • MARKET EVOLUTION
    • MARKET SEGMENTATION
      • BY TYPE
      • BY RATED CAPACITY
      • BY APPLICATION
      • BY EXHAUST TYPE
      • BY REGION
    • MARKET DYNAMICS
      • DRIVERS
        • Table INCREASING ELECTRICITY CONSUMPTION AND RISING THERMAL POWER CAPACITY ADDITIONS ARE PROPELLING THE GROWTH OF THE STEAM TURBINES MARKET
      • RESTRAINT
        • Table REGULATORY HURDLES AND SLOWDOWN IN NUCLEAR POWER PROJECTS RESTRAIN MARKET GROWTH
      • OPPORTUNITY
        • Table REPLACEMENT/UPGRADES OF AGED POWER GENERATION INFRASTRUCTURE IS AN OPPORTUNITY FOR THE STEAM TURBINES MARKET
      • CHALLENGE
        • Table BOILER EFFICIENCY AND STEAM QUALITY IS A CHALLENGE
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF RIVALRY
    • SUPPLY CHAIN ANALYSIS
  • STEAM TURBINES MARKET, BY TYPE
    • INTRODUCTION
      • Table STEAM TURBINES MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
    • STEAM CYCLE (CONVENTIONAL)
      • Table STEAM CYCLE (CONVENTIONAL) STEAM TURBINES MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
    • COMBINED CYCLE
      • Table COMBINED CYCLE STEAM TURBINES MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
    • COGENERATION
      • Table COGENERATION: STEAM TURBINES MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
  • STEAM TURBINES MARKET, BY RATED CAPACITY
    • INTRODUCTION
      • Table STEAM TURBINES MARKET, BY RATED CAPACITY, 2013-2020 (USD MILLION)
    • 1-120 MW
      • Table 1-120 MW STEAM TURBINES MARKET, BY REGION, 2013-2020 (USD MILLION)
    • 121-350 MW
      • Table 121-350 MW STEAM TURBINES MARKET, BY REGION, 2013-2020 (USD MILLION)
    • 351-750 MW
      • Table 351-750 MW STEAM TURBINES MARKET, BY REGION, 2013-2020 (USD MILLION)
    • ABOVE 750 MW
      • Table ABOVE 750 MW STEAM TURBINES MARKET, BY REGION, 2013-2020 (USD MILLION)
  • STEAM TURBINES MARKET, BY EXHAUST TYPE
    • INTRODUCTION
      • Table DIFFERENCE BETWEEN CONDENSING AND NON-CONDENSING STEAM TURBINE
      • Table STEAM TURBINES MARKET SIZE, BY EXHAUST TYPE, 2013-2020 (USD MILLION)
    • CONDENSING
      • Table CONDENSING STEAM TURBINES MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
    • NON-CONDENSING
      • Table NON-CONDENSING STEAM TURBINES MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
  • STEAM TURBINES MARKET, BY APPLICATION
    • INTRODUCTION
      • Table STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
    • COAL
      • Table COAL -POWERED STEAM TURBINES MARKET SIZE, BY REGION, 2012-2020 (USD MILLION)
      • Table STEAM TURBINES COAL APPLICATION MARKET SIZE, BY TOP COUNTRIES, 2013-2020 (USD MILLION)
    • BIOMASS
      • Table BIOMASS-POWERED STEAM TURBINES MARKET SIZE, BY REGION, 2012-2020 (USD MILLION)
      • Table STEAM TURBINES BIOMASS APPLICATION MARKET SIZE, BY TOP COUNTRIES, 2013-2020 (USD MILLION)
    • NUCLEAR
      • Table NUCLEAR ENERGY POWERED STEAM TURBINES MARKET SIZE, BY REGION, 2012-2020 (USD MILLION)
      • Table STEAM TURBINES NUCLEAR APPLICATION MARKET SIZE, BY TOP COUNTRIES, 2013-2020 (USD MILLION)
    • OTHERS
      • Table OTHER FUEL POWERED STEAM TURBINES MARKET SIZE, BY REGION, 2012-2020 (USD MILLION)
      • Table STEAM TURBINES OTHER APPLICATION MARKET SIZE, BY TOP COUNTRIES, 2013-2020 (USD MILLION)
  • STEAM TURBINES MARKET, BY REGION
    • INTRODUCTION
      • Table STEAM TURBINES MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
    • ASIA-PACIFIC
      • BY TYPE
        • Table ASIA-PACIFIC: STEAM TURBINES MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
      • BY RATED CAPACITY
        • Table ASIA-PACIFIC: STEAM TURBINES MARKET SIZE, BY RATED CAPACITY, 2013-2020 (USD MILLION)
      • BY APPLICATION
        • Table ASIA-PACIFIC: STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
      • BY EXHAUST TYPE
        • Table ASIA-PACIFIC: STEAM TURBINES MARKET SIZE, BY EXHAUST TYPE, 2013-2020 (USD MILLION)
      • BY COUNTRY
        • Table ASIA-PACIFIC: STEAM TURBINES MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
        • Table CHINA: STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
        • Table INDIA: STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
        • Table JAPAN: STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
        • Table REST OF ASIA-PACIFIC: STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
    • EUROPE
      • BY TYPE
        • Table EUROPE: STEAM TURBINES MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
      • BY RATED CAPACITY
        • Table EUROPE: STEAM TURBINES MARKET SIZE, BY RATED CAPACITY, 2013-2020 (USD MILLION)
      • BY APPLICATION
        • Table EUROPE: STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
      • BY EXHAUST TYPE
        • Table EUROPE: STEAM TURBINES MARKET SIZE, BY EXHAUST TYPE, 2013-2020 (USD MILLION)
      • BY COUNTRY
        • Table EUROPE: STEAM TURBINES MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
        • Table GERMANY: STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
        • Table RUSSIA: STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
        • Table FRANCE: STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
        • Table U.K.: STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
        • Table REST OF EUROPE: STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
    • AMERICAS
      • BY TYPE
        • Table AMERICAS: STEAM TURBINES MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
      • BY RATED CAPACITY
        • Table AMERICAS: STEAM TURBINES MARKET SIZE, BY RATED CAPACITY, 2013-2020 (USD MILLION)
      • BY APPLICATION
        • Table AMERICAS: STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
      • BY EXHAUST TYPE
        • Table AMERICAS: STEAM TURBINES MARKET SIZE, BY EXHAUST TYPE, 2013-2020 (USD MILLION)
      • BY COUNTRY
        • Table AMERICAS: STEAM TURBINES MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
        • Table U.S.: STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
        • Table CANADA: STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
        • Table MEXICO: STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
        • Table BRAZIL: STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
        • Table REST OF AMERICAS: STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • BY TYPE
        • Table MIDDLE EAST & AFRICA: STEAM TURBINES MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
      • BY RATED CAPACITY
        • Table MIDDLE EAST & AFRICA: STEAM TURBINES MARKET SIZE, BY RATED CAPACITY, 2013-2020 (USD MILLION)
      • BY APPLICATION
        • Table MIDDLE EAST & AFRICA: STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
      • BY EXHAUST TYPE
        • Table MIDDLE EAST & AFRICA: STEAM TURBINES MARKET SIZE, BY EXHAUST TYPE, 2013-2020 (USD MILLION)
      • BY COUNTRY
        • Table MIDDLE EAST & AFRICA: STEAM TURBINES MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
        • Table SAUDI ARABIA: STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
        • Table SOUTH AFRICA: STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
        • Table UAE: STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
        • Table REST OF THE MIDDLE EAST & AFRICA: STEAM TURBINES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET SHARE ANALYSIS, 2014
    • COMPETITIVE SITUATION & TRENDS
    • CONTRACTS & AGREEMENTS
      • Table CONTRACTS & AGREEMENTS, 2015
    • EXPANSIONS
      • Table EXPANSIONS, 2014-2015
    • MERGERS & ACQUISITIONS
      • Table MERGERS & ACQUISITIONS, 2014-2015
    • OTHERS
      • Table OTHERS, 2013-2015
    • NEW PRODUCT DEVELOPMENTS
      • Table NEW PRODUCT DEVELOPMENTS, 2012-2013
  • COMPANY PROFILES
    • INTRODUCTION
    • ALSTOM SA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS, 2014-2015
      • SWOT ANALYSIS
      • MNM VIEW
    • SIEMENS AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS, 2014-2015
      • SWOT ANALYSIS
      • MNM VIEW
    • TOSHIBA CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS, 2011-2015
      • SWOT ANALYSIS
      • MNM VIEW
    • GENERAL ELECTRIC COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS, 2012-2015
      • SWOT ANALYSIS
      • MNM VIEW
    • MITSUBISHI HITACHI POWER SYSTEMS, LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS, 2013-2015
      • SWOT ANALYSIS
      • MNM VIEW
    • ELIOTT GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS, 2015
    • ANSALDO ENERGIA S.P.A.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS, 2014-SEPTEMBER 2015
    • SHANGHAI ELECTRIC GROUP CO. LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • DONGFANG ELECTRIC CORPORATION LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2014
    • HARBIN ELECTRIC INTERNATIONAL COMPANY LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2012-2013
    • DOOSAN SKODA POWER
      • INTRODUCTION
      • PRODUCT OFFERED
      • RECENT DEVELOPMENTS, 2011-SEPTEMBER 2015
    • BHARAT HEAVY ELECTRICALS LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS, 2013-APRIL 2015
    • FUJI ELECTRIC CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS, 2012-MAY 2015
    • MAN DIESEL & TURBO SE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS, 2011-JUNE 2015
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • INTRODUCING RT: REAL TIME MARKET INTELLIGENCE

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