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Steam Turbine Market By Design, By End-Use Industry, By Forging Capacity: Global Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 428 Pages
  • May 2023
  • Region: Global
  • Allied Market Research
  • ID: 5157194
UP TO OFF until Oct 24th 2024
The global steam turbine market was valued at $17.5 billion in 2022 and is projected to reach $22.4 billion by 2032, growing at a CAGR of 2.6% from 2023 to 2032.

A steam turbine is a generator that utilizes heating water to create mechanical or rotational energy. For the purpose of analysis, the global steam turbine market scope covers segmentation based on design, end-use industry, forging capacity, and region. The report outlines the details of various designs of steam turbines such as reaction turbines and impulse turbines. In addition, the applications covered in the study Include power generation, petrochemical, oil & gas, and others. By forging capacity, it is divided into large forging and ultra large forging.

Moreover, it analyzes the current market trends of steam turbines across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests future growth opportunities. Several regulations have been implemented to promote the generation of energy through renewable sources. These regulations impact the steam turbine market positively. For instance, the India National Renewable Energy Act 2015 promotes the distribution of energy from renewable energy sources to reduce the dependency on fossil fuels. After the historic UN Paris Climate Agreement - a legally binding international treaty on climate change - half of Europe’s 324 coal power plants have either closed or pledged to shut down before 2030.

Furthermore, Germany will phase out coal-fired power generation by 2038; the first lignite-fired power plants were shut down in 2020, and the first tender process for closing down hard coal power plants was held. These regulations are established to ensure energy security and reduce local and global pollutants. Such regulations are anticipated to drive the demand for thermal renewables-based steam turbines. As a result, it is expected that with the growing demand for thermal renewables-based steam turbines, the global steam turbine market will witness notable growth in the coming years. Steam turbines are expensive; for instance, for a steam turbine combined heat and power (CHP) plant that burns solid biomass, the installed cost of only CHP is around $5,000/kW or higher. The installed cost for the steam turbine and electrical generator costs roughly 15-25% of the total installed cost. In addition, steam turbines are less effective than reciprocating motors at part load activity. Furthermore, steam turbines have longer startup times when compared to gas turbines and reciprocating engines. In addition, they are less responsive to changes in power demand compared with gas turbines and reciprocating engines.

Furthermore, they exhibit major energy losses such as radiative heat loss due to improper insulation, steam pressure loss at regulating valves and pipes, mechanical friction loss at bearing & other surfaces, leakage of steam, and friction losses in nozzles & blades. Thus, all these factors are expected to hamper the growth of the market, as they are limiting the use of steam turbines. The COVID-19 pandemic is predicted to possess hurdles for turbine equipment manufacturers due to disruption in supply chain and shutting down of manufacturing and energy generating facilities. Steam turbine OEMs involved in international wind turbine delivery chain hubs Include China, India, and Spain. These three markets have shown poor growth in 2020. Coal is the primary source of power generation in India (~71% in March 2020). Throughout the lockdown, the coal stock has seen a visible Increase. As a result, the contribution of coal in total energy generation decreased from 72.5% to 65.6%. In India, 41% of the total electricity consumption was for industrial purposes, followed by 25% for domestic and 18% for agricultural purposes.

As the lockdown has severely reduced the industrial and commercial activities in the country, these segments witnessed a considerable decline in demand for electricity. However, all activities have resumed normally and COVID cases have declined due to the vaccination drive, which led to Increased operations in various industries across the globe. Moreover, the global supply chain has significantly recovered. Furthermore, the economic recovery of major countries such as India, China, the U.S., Japan, and South Korea has resulted in Increased spending on steam turbines. Thus, the market has shown significant signs of recovery. Furthermore, India has taken the initiative to invest in the development of nuclear power plants by 2030 to meet the growing demand for power.

The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it Includes Porter’s five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. Value chain analysis for this industry, which Includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to Increase their market share and sustain intense competition in the industry.

The key players in the market Include General Electric (GE) Co., Turbine Generator Maintenance Inc., Toshiba Corporation, Siemens AG, Arani power systems, Elliott Group, TURBOCAM, Doosan Škoda Power, Chola Turbo Machinery International Pvt. Ltd., and Mitsubishi Power. The revenue of these companies is analyzed to obtain the total market value. The key players in the global steam turbine market are adopting different strategies, such as design launch, expansion, collaboration, agreement, and acquisition to compete against each other in the global competitive market. The data pertaining to market players and their strategic moves are gathered through their annual reports and press releases of respective companies, various blogs available on their websites, and primary calls made to experts in the industry

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the steam turbine market analysis from 2022 to 2032 to identify the prevailing steam turbine market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the steam turbine market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report Includes the analysis of the regional as well as global steam turbine market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Design

  • Reaction
  • Impulse
By End-Use Industry
  • Power Generation
  • Forging
  • Rolled Rings
  • Contoured Rings
  • Pot Die Forging
  • Hollows
  • Bars
  • Billets
  • Others
  • Petrochemical
  • Oil and Gas
  • Others

By Forging Capacity

  • Large Forging
  • Ultra Large Forging

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players

  • Mitsubishi Power Americas, Inc.
  • Toshiba Corporation
  • Arani Power Systems Ltd.
  • Doosan Skoda Power s.r.o.
  • General Electric
  • Siemens Energy AG
  • Chola Turbo Machinery International Pvt. Ltd.
  • Turbine Generator Maintenance Inc.
  • Elliott Group
  • TURBOCAM, Inc.

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rise in demand for energy
3.4.1.2. Reduction in fossil-based energy generation
3.4.2. Restraints
3.4.2.1. Higher efficiency of other turbines
3.4.3. Opportunities
3.4.3.1. Advancements promoting the use of steam turbine
3.5. COVID-19 Impact Analysis on the market
3.6. Patent Landscape
3.7. Pricing Analysis
3.8. Value Chain Analysis
CHAPTER 4: STEAM TURBINE MARKET, BY DESIGN
4.1. Overview
4.1.1. Market size and forecast
4.2. Reaction
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Impulse
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
CHAPTER 5: STEAM TURBINE MARKET, BY END-USE INDUSTRY
5.1. Overview
5.1.1. Market size and forecast
5.2. Power Generation
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.2.4. Power Generation Steam Turbine Market by Forging
5.2.4.1. Rolled Rings Market size and forecast, by region
5.2.4.2. Rolled Rings Market size and forecast, by country
5.2.4.3. Contoured Rings Market size and forecast, by region
5.2.4.4. Contoured Rings Market size and forecast, by country
5.2.4.5. Pot Die Forging Market size and forecast, by region
5.2.4.6. Pot Die Forging Market size and forecast, by country
5.2.4.7. Hollows Market size and forecast, by region
5.2.4.8. Hollows Market size and forecast, by country
5.2.4.9. Bars Market size and forecast, by region
5.2.4.10. Bars Market size and forecast, by country
5.2.4.11. Billets Market size and forecast, by region
5.2.4.12. Billets Market size and forecast, by country
5.2.4.13. Others Market size and forecast, by region
5.2.4.14. Others Market size and forecast, by country
5.3. Petrochemical
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Oil and Gas
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Others
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
CHAPTER 6: STEAM TURBINE MARKET, BY FORGING CAPACITY
6.1. Overview
6.1.1. Market size and forecast
6.2. Large Forging
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Ultra Large Forging
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
CHAPTER 7: STEAM TURBINE MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Design
7.2.3. Market size and forecast, by End-Use Industry
7.2.3.1. North America Power Generation Steam Turbine Market by Forging
7.2.4. Market size and forecast, by Forging Capacity
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Design
7.2.5.1.3. Market size and forecast, by End-Use Industry
7.2.5.1.3.1. U.S. Power Generation Steam Turbine Market by Forging
7.2.5.1.4. Market size and forecast, by Forging Capacity
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by Design
7.2.5.2.3. Market size and forecast, by End-Use Industry
7.2.5.2.3.1. Canada Power Generation Steam Turbine Market by Forging
7.2.5.2.4. Market size and forecast, by Forging Capacity
7.2.5.3. Mexico
7.2.5.3.1. Key market trends, growth factors and opportunities
7.2.5.3.2. Market size and forecast, by Design
7.2.5.3.3. Market size and forecast, by End-Use Industry
7.2.5.3.3.1. Mexico Power Generation Steam Turbine Market by Forging
7.2.5.3.4. Market size and forecast, by Forging Capacity
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Design
7.3.3. Market size and forecast, by End-Use Industry
7.3.3.1. Europe Power Generation Steam Turbine Market by Forging
7.3.4. Market size and forecast, by Forging Capacity
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Design
7.3.5.1.3. Market size and forecast, by End-Use Industry
7.3.5.1.3.1. Germany Power Generation Steam Turbine Market by Forging
7.3.5.1.4. Market size and forecast, by Forging Capacity
7.3.5.2. France
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Design
7.3.5.2.3. Market size and forecast, by End-Use Industry
7.3.5.2.3.1. France Power Generation Steam Turbine Market by Forging
7.3.5.2.4. Market size and forecast, by Forging Capacity
7.3.5.3. UK
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Design
7.3.5.3.3. Market size and forecast, by End-Use Industry
7.3.5.3.3.1. UK Power Generation Steam Turbine Market by Forging
7.3.5.3.4. Market size and forecast, by Forging Capacity
7.3.5.4. Italy
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Design
7.3.5.4.3. Market size and forecast, by End-Use Industry
7.3.5.4.3.1. Italy Power Generation Steam Turbine Market by Forging
7.3.5.4.4. Market size and forecast, by Forging Capacity
7.3.5.5. Spain
7.3.5.5.1. Key market trends, growth factors and opportunities
7.3.5.5.2. Market size and forecast, by Design
7.3.5.5.3. Market size and forecast, by End-Use Industry
7.3.5.5.3.1. Spain Power Generation Steam Turbine Market by Forging
7.3.5.5.4. Market size and forecast, by Forging Capacity
7.3.5.6. Rest of Europe
7.3.5.6.1. Key market trends, growth factors and opportunities
7.3.5.6.2. Market size and forecast, by Design
7.3.5.6.3. Market size and forecast, by End-Use Industry
7.3.5.6.3.1. Rest of Europe Power Generation Steam Turbine Market by Forging
7.3.5.6.4. Market size and forecast, by Forging Capacity
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Design
7.4.3. Market size and forecast, by End-Use Industry
7.4.3.1. Asia-Pacific Power Generation Steam Turbine Market by Forging
7.4.4. Market size and forecast, by Forging Capacity
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Design
7.4.5.1.3. Market size and forecast, by End-Use Industry
7.4.5.1.3.1. China Power Generation Steam Turbine Market by Forging
7.4.5.1.4. Market size and forecast, by Forging Capacity
7.4.5.2. Japan
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Design
7.4.5.2.3. Market size and forecast, by End-Use Industry
7.4.5.2.3.1. Japan Power Generation Steam Turbine Market by Forging
7.4.5.2.4. Market size and forecast, by Forging Capacity
7.4.5.3. India
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Design
7.4.5.3.3. Market size and forecast, by End-Use Industry
7.4.5.3.3.1. India Power Generation Steam Turbine Market by Forging
7.4.5.3.4. Market size and forecast, by Forging Capacity
7.4.5.4. South Korea
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by Design
7.4.5.4.3. Market size and forecast, by End-Use Industry
7.4.5.4.3.1. South Korea Power Generation Steam Turbine Market by Forging
7.4.5.4.4. Market size and forecast, by Forging Capacity
7.4.5.5. Australia
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by Design
7.4.5.5.3. Market size and forecast, by End-Use Industry
7.4.5.5.3.1. Australia Power Generation Steam Turbine Market by Forging
7.4.5.5.4. Market size and forecast, by Forging Capacity
7.4.5.6. Rest of Asia-Pacific
7.4.5.6.1. Key market trends, growth factors and opportunities
7.4.5.6.2. Market size and forecast, by Design
7.4.5.6.3. Market size and forecast, by End-Use Industry
7.4.5.6.3.1. Rest of Asia-Pacific Power Generation Steam Turbine Market by Forging
7.4.5.6.4. Market size and forecast, by Forging Capacity
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Design
7.5.3. Market size and forecast, by End-Use Industry
7.5.3.1. LAMEA Power Generation Steam Turbine Market by Forging
7.5.4. Market size and forecast, by Forging Capacity
7.5.5. Market size and forecast, by country
7.5.5.1. Brazil
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Design
7.5.5.1.3. Market size and forecast, by End-Use Industry
7.5.5.1.3.1. Brazil Power Generation Steam Turbine Market by Forging
7.5.5.1.4. Market size and forecast, by Forging Capacity
7.5.5.2. Saudi Arabia
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Design
7.5.5.2.3. Market size and forecast, by End-Use Industry
7.5.5.2.3.1. Saudi Arabia Power Generation Steam Turbine Market by Forging
7.5.5.2.4. Market size and forecast, by Forging Capacity
7.5.5.3. South Africa
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by Design
7.5.5.3.3. Market size and forecast, by End-Use Industry
7.5.5.3.3.1. South Africa Power Generation Steam Turbine Market by Forging
7.5.5.3.4. Market size and forecast, by Forging Capacity
7.5.5.4. Rest of LAMEA
7.5.5.4.1. Key market trends, growth factors and opportunities
7.5.5.4.2. Market size and forecast, by Design
7.5.5.4.3. Market size and forecast, by End-Use Industry
7.5.5.4.3.1. Rest of LAMEA Power Generation Steam Turbine Market by Forging
7.5.5.4.4. Market size and forecast, by Forging Capacity
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
9.1. General Electric
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.2. Turbine Generator Maintenance Inc.
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.3. Toshiba Corporation
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Business performance
9.3.7. Key strategic moves and developments
9.4. Arani Power Systems Ltd.
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.5. Elliott Group
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Key strategic moves and developments
9.6. TURBOCAM, Inc.
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.7. Doosan Skoda Power s.r.o.
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. Key strategic moves and developments
9.8. Chola Turbo Machinery International Pvt. Ltd.
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.9. Mitsubishi Power Americas, Inc.
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.10. Siemens Energy AG
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Business performance
List of Tables
TABLE 01. GLOBAL STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 02. GLOBAL STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 03. STEAM TURBINE MARKET FOR REACTION, BY REGION, 2022-2032 ($MILLION)
TABLE 04. STEAM TURBINE MARKET FOR REACTION, BY REGION, 2022-2032 (MWH)
TABLE 05. STEAM TURBINE MARKET FOR IMPULSE, BY REGION, 2022-2032 ($MILLION)
TABLE 06. STEAM TURBINE MARKET FOR IMPULSE, BY REGION, 2022-2032 (MWH)
TABLE 07. GLOBAL STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 08. GLOBAL STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 09. STEAM TURBINE MARKET FOR POWER GENERATION, BY REGION, 2022-2032 ($MILLION)
TABLE 10. STEAM TURBINE MARKET FOR POWER GENERATION, BY REGION, 2022-2032 (MWH)
TABLE 11. GLOBAL POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 12. GLOBAL POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 13. STEAM TURBINE MARKET FOR ROLLED RINGS, BY REGION, 2022-2032 ($MILLION)
TABLE 14. STEAM TURBINE MARKET FOR ROLLED RINGS, BY REGION, 2022-2032 (MWH)
TABLE 15. STEAM TURBINE MARKET FOR CONTOURED RINGS, BY REGION, 2022-2032 ($MILLION)
TABLE 16. STEAM TURBINE MARKET FOR CONTOURED RINGS, BY REGION, 2022-2032 (MWH)
TABLE 17. STEAM TURBINE MARKET FOR POT DIE FORGING, BY REGION, 2022-2032 ($MILLION)
TABLE 18. STEAM TURBINE MARKET FOR POT DIE FORGING, BY REGION, 2022-2032 (MWH)
TABLE 19. STEAM TURBINE MARKET FOR HOLLOWS, BY REGION, 2022-2032 ($MILLION)
TABLE 20. STEAM TURBINE MARKET FOR HOLLOWS, BY REGION, 2022-2032 (MWH)
TABLE 21. STEAM TURBINE MARKET FOR BARS, BY REGION, 2022-2032 ($MILLION)
TABLE 22. STEAM TURBINE MARKET FOR BARS, BY REGION, 2022-2032 (MWH)
TABLE 23. STEAM TURBINE MARKET FOR BILLETS, BY REGION, 2022-2032 ($MILLION)
TABLE 24. STEAM TURBINE MARKET FOR BILLETS, BY REGION, 2022-2032 (MWH)
TABLE 25. STEAM TURBINE MARKET FOR OTHERS, BY REGION, 2022-2032 ($MILLION)
TABLE 26. STEAM TURBINE MARKET FOR OTHERS, BY REGION, 2022-2032 (MWH)
TABLE 27. STEAM TURBINE MARKET FOR PETROCHEMICAL, BY REGION, 2022-2032 ($MILLION)
TABLE 28. STEAM TURBINE MARKET FOR PETROCHEMICAL, BY REGION, 2022-2032 (MWH)
TABLE 29. STEAM TURBINE MARKET FOR OIL AND GAS, BY REGION, 2022-2032 ($MILLION)
TABLE 30. STEAM TURBINE MARKET FOR OIL AND GAS, BY REGION, 2022-2032 (MWH)
TABLE 31. STEAM TURBINE MARKET FOR OTHERS, BY REGION, 2022-2032 ($MILLION)
TABLE 32. STEAM TURBINE MARKET FOR OTHERS, BY REGION, 2022-2032 (MWH)
TABLE 33. GLOBAL STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 34. GLOBAL STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 35. STEAM TURBINE MARKET FOR LARGE FORGING, BY REGION, 2022-2032 ($MILLION)
TABLE 36. STEAM TURBINE MARKET FOR LARGE FORGING, BY REGION, 2022-2032 (MWH)
TABLE 37. STEAM TURBINE MARKET FOR ULTRA LARGE FORGING, BY REGION, 2022-2032 ($MILLION)
TABLE 38. STEAM TURBINE MARKET FOR ULTRA LARGE FORGING, BY REGION, 2022-2032 (MWH)
TABLE 39. STEAM TURBINE MARKET, BY REGION, 2022-2032 ($MILLION)
TABLE 40. STEAM TURBINE MARKET, BY REGION, 2022-2032 (MWH)
TABLE 41. NORTH AMERICA STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 42. NORTH AMERICA STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 43. NORTH AMERICA STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 44. NORTH AMERICA STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 45. NORTH AMERICA POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 46. NORTH AMERICA POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 47. NORTH AMERICA STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 48. NORTH AMERICA STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 49. NORTH AMERICA STEAM TURBINE MARKET, BY COUNTRY, 2022-2032 ($MILLION)
TABLE 50. NORTH AMERICA STEAM TURBINE MARKET, BY COUNTRY, 2022-2032 (MWH)
TABLE 51. U.S. STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 52. U.S. STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 53. U.S. STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 54. U.S. STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 55. U.S. POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 56. U.S. POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 57. U.S. STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 58. U.S. STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 59. CANADA STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 60. CANADA STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 61. CANADA STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 62. CANADA STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 63. CANADA POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 64. CANADA POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 65. CANADA STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 66. CANADA STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 67. MEXICO STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 68. MEXICO STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 69. MEXICO STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 70. MEXICO STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 71. MEXICO POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 72. MEXICO POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 73. MEXICO STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 74. MEXICO STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 75. EUROPE STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 76. EUROPE STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 77. EUROPE STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 78. EUROPE STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 79. EUROPE POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 80. EUROPE POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 81. EUROPE STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 82. EUROPE STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 83. EUROPE STEAM TURBINE MARKET, BY COUNTRY, 2022-2032 ($MILLION)
TABLE 84. EUROPE STEAM TURBINE MARKET, BY COUNTRY, 2022-2032 (MWH)
TABLE 85. GERMANY STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 86. GERMANY STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 87. GERMANY STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 88. GERMANY STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 89. GERMANY POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 90. GERMANY POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 91. GERMANY STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 92. GERMANY STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 93. FRANCE STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 94. FRANCE STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 95. FRANCE STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 96. FRANCE STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 97. FRANCE POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 98. FRANCE POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 99. FRANCE STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 100. FRANCE STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 101. UK STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 102. UK STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 103. UK STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 104. UK STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 105. UK POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 106. UK POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 107. UK STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 108. UK STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 109. ITALY STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 110. ITALY STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 111. ITALY STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 112. ITALY STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 113. ITALY POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 114. ITALY POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 115. ITALY STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 116. ITALY STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 117. SPAIN STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 118. SPAIN STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 119. SPAIN STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 120. SPAIN STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 121. SPAIN POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 122. SPAIN POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 123. SPAIN STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 124. SPAIN STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 125. REST OF EUROPE STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 126. REST OF EUROPE STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 127. REST OF EUROPE STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 128. REST OF EUROPE STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 129. REST OF EUROPE POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 130. REST OF EUROPE POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 131. REST OF EUROPE STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 132. REST OF EUROPE STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 133. ASIA-PACIFIC STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 134. ASIA-PACIFIC STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 135. ASIA-PACIFIC STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 136. ASIA-PACIFIC STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 137. ASIA-PACIFIC POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 138. ASIA-PACIFIC POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 139. ASIA-PACIFIC STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 140. ASIA-PACIFIC STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 141. ASIA-PACIFIC STEAM TURBINE MARKET, BY COUNTRY, 2022-2032 ($MILLION)
TABLE 142. ASIA-PACIFIC STEAM TURBINE MARKET, BY COUNTRY, 2022-2032 (MWH)
TABLE 143. CHINA STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 144. CHINA STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 145. CHINA STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 146. CHINA STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 147. CHINA POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 148. CHINA POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 149. CHINA STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 150. CHINA STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 151. JAPAN STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 152. JAPAN STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 153. JAPAN STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 154. JAPAN STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 155. JAPAN POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 156. JAPAN POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 157. JAPAN STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 158. JAPAN STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 159. INDIA STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 160. INDIA STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 161. INDIA STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 162. INDIA STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 163. INDIA POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 164. INDIA POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 165. INDIA STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 166. INDIA STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 167. SOUTH KOREA STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 168. SOUTH KOREA STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 169. SOUTH KOREA STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 170. SOUTH KOREA STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 171. SOUTH KOREA POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 172. SOUTH KOREA POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 173. SOUTH KOREA STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 174. SOUTH KOREA STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 175. AUSTRALIA STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 176. AUSTRALIA STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 177. AUSTRALIA STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 178. AUSTRALIA STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 179. AUSTRALIA POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 180. AUSTRALIA POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 181. AUSTRALIA STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 182. AUSTRALIA STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 183. REST OF ASIA-PACIFIC STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 184. REST OF ASIA-PACIFIC STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 185. REST OF ASIA-PACIFIC STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 186. REST OF ASIA-PACIFIC STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 187. REST OF ASIA-PACIFIC POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 188. REST OF ASIA-PACIFIC POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 189. REST OF ASIA-PACIFIC STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 190. REST OF ASIA-PACIFIC STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 191. LAMEA STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 192. LAMEA STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 193. LAMEA STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 194. LAMEA STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 195. LAMEA POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 196. LAMEA POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 197. LAMEA STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 198. LAMEA STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 199. LAMEA STEAM TURBINE MARKET, BY COUNTRY, 2022-2032 ($MILLION)
TABLE 200. LAMEA STEAM TURBINE MARKET, BY COUNTRY, 2022-2032 (MWH)
TABLE 201. BRAZIL STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 202. BRAZIL STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 203. BRAZIL STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 204. BRAZIL STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 205. BRAZIL POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 206. BRAZIL POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 207. BRAZIL STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 208. BRAZIL STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 209. SAUDI ARABIA STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 210. SAUDI ARABIA STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 211. SAUDI ARABIA STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 212. SAUDI ARABIA STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 213. SAUDI ARABIA POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 214. SAUDI ARABIA POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 215. SAUDI ARABIA STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 216. SAUDI ARABIA STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 217. SOUTH AFRICA STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 218. SOUTH AFRICA STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 219. SOUTH AFRICA STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 220. SOUTH AFRICA STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 221. SOUTH AFRICA POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 222. SOUTH AFRICA POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 223. SOUTH AFRICA STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 224. SOUTH AFRICA STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 225. REST OF LAMEA STEAM TURBINE MARKET, BY DESIGN, 2022-2032 ($MILLION)
TABLE 226. REST OF LAMEA STEAM TURBINE MARKET, BY DESIGN, 2022-2032 (MWH)
TABLE 227. REST OF LAMEA STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 228. REST OF LAMEA STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022-2032 (MWH)
TABLE 229. REST OF LAMEA POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 ($MILLION)
TABLE 230. REST OF LAMEA POWER GENERATION STEAM TURBINE MARKET, BY FORGING, 2022-2032 (MWH)
TABLE 231. REST OF LAMEA STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 ($MILLION)
TABLE 232. REST OF LAMEA STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022-2032 (MWH)
TABLE 233. GENERAL ELECTRIC: KEY EXECUTIVES
TABLE 234. GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 235. GENERAL ELECTRIC: SERVICE SEGMENTS
TABLE 236. GENERAL ELECTRIC: PRODUCT PORTFOLIO
TABLE 237. TURBINE GENERATOR MAINTENANCE INC.: KEY EXECUTIVES
TABLE 238. TURBINE GENERATOR MAINTENANCE INC.: COMPANY SNAPSHOT
TABLE 239. TURBINE GENERATOR MAINTENANCE INC.: SERVICE SEGMENTS
TABLE 240. TURBINE GENERATOR MAINTENANCE INC.: PRODUCT PORTFOLIO
TABLE 241. TOSHIBA CORPORATION: KEY EXECUTIVES
TABLE 242. TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 243. TOSHIBA CORPORATION: SERVICE SEGMENTS
TABLE 244. TOSHIBA CORPORATION: PRODUCT PORTFOLIO
TABLE 245. TOSHIBA CORPORATION: KEY STRATERGIES
TABLE 246. ARANI POWER SYSTEMS LTD.: KEY EXECUTIVES
TABLE 247. ARANI POWER SYSTEMS LTD.: COMPANY SNAPSHOT
TABLE 248. ARANI POWER SYSTEMS LTD.: PRODUCT SEGMENTS
TABLE 249. ARANI POWER SYSTEMS LTD.: SERVICE SEGMENTS
TABLE 250. ARANI POWER SYSTEMS LTD.: PRODUCT PORTFOLIO
TABLE 251. ELLIOTT GROUP: KEY EXECUTIVES
TABLE 252. ELLIOTT GROUP: COMPANY SNAPSHOT
TABLE 253. ELLIOTT GROUP: PRODUCT SEGMENTS
TABLE 254. ELLIOTT GROUP: PRODUCT PORTFOLIO
TABLE 255. ELLIOTT GROUP: KEY STRATERGIES
TABLE 256. TURBOCAM, INC.: KEY EXECUTIVES
TABLE 257. TURBOCAM, INC.: COMPANY SNAPSHOT
TABLE 258. TURBOCAM, INC.: PRODUCT SEGMENTS
TABLE 259. TURBOCAM, INC.: PRODUCT PORTFOLIO
TABLE 260. DOOSAN SKODA POWER S.R.O.: KEY EXECUTIVES
TABLE 261. DOOSAN SKODA POWER S.R.O.: COMPANY SNAPSHOT
TABLE 262. DOOSAN SKODA POWER S.R.O.: PRODUCT SEGMENTS
TABLE 263. DOOSAN SKODA POWER S.R.O.: PRODUCT PORTFOLIO
TABLE 264. DOOSAN SKODA POWER S.R.O.: KEY STRATERGIES
TABLE 265. CHOLA TURBO MACHINERY INTERNATIONAL PVT. LTD.: KEY EXECUTIVES
TABLE 266. CHOLA TURBO MACHINERY INTERNATIONAL PVT. LTD.: COMPANY SNAPSHOT
TABLE 267. CHOLA TURBO MACHINERY INTERNATIONAL PVT. LTD.: PRODUCT SEGMENTS
TABLE 268. CHOLA TURBO MACHINERY INTERNATIONAL PVT. LTD.: SERVICE SEGMENTS
TABLE 269. CHOLA TURBO MACHINERY INTERNATIONAL PVT. LTD.: PRODUCT PORTFOLIO
TABLE 270. MITSUBISHI POWER AMERICAS, INC.: KEY EXECUTIVES
TABLE 271. MITSUBISHI POWER AMERICAS, INC.: COMPANY SNAPSHOT
TABLE 272. MITSUBISHI POWER AMERICAS, INC.: PRODUCT SEGMENTS
TABLE 273. MITSUBISHI POWER AMERICAS, INC.: PRODUCT PORTFOLIO
TABLE 274. SIEMENS ENERGY AG: KEY EXECUTIVES
TABLE 275. SIEMENS ENERGY AG: COMPANY SNAPSHOT
TABLE 276. SIEMENS ENERGY AG: PRODUCT SEGMENTS
TABLE 277. SIEMENS ENERGY AG: PRODUCT PORTFOLIO
List of Figures
FIGURE 01. STEAM TURBINE MARKET, 2022-2032
FIGURE 02. SEGMENTATION OF STEAM TURBINE MARKET, 2022-2032
FIGURE 03. TOP INVESTMENT POCKETS IN STEAM TURBINE MARKET (2023-2032)
FIGURE 04. LOW BARGAINING POWER OF SUPPLIERS
FIGURE 05. LOW BARGAINING POWER OF BUYERS
FIGURE 06. LOW THREAT OF SUBSTITUTES
FIGURE 07. LOW THREAT OF NEW ENTRANTS
FIGURE 08. LOW INTENSITY OF RIVALRY
FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBALSTEAM TURBINE MARKET
FIGURE 10. PATENT ANALYSIS BY COMPANY
FIGURE 11. PATENT ANALYSIS BY COUNTRY
FIGURE 12. PRICING ANALYSIS: STEAM TURBINE MARKET 2022 AND 2032
FIGURE 13. VALUE CHAIN ANALYSIS: STEAM TURBINE MARKET
FIGURE 14. STEAM TURBINE MARKET, BY DESIGN, 2022(%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF STEAM TURBINE MARKET FOR REACTION, BY COUNTRY 2022 AND 2032(%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF STEAM TURBINE MARKET FOR IMPULSE, BY COUNTRY 2022 AND 2032(%)
FIGURE 17. STEAM TURBINE MARKET, BY END-USE INDUSTRY, 2022(%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF STEAM TURBINE MARKET FOR POWER GENERATION, BY COUNTRY 2022 AND 2032(%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF STEAM TURBINE MARKET FOR PETROCHEMICAL, BY COUNTRY 2022 AND 2032(%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF STEAM TURBINE MARKET FOR OIL AND GAS, BY COUNTRY 2022 AND 2032(%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF STEAM TURBINE MARKET FOR OTHERS, BY COUNTRY 2022 AND 2032(%)
FIGURE 22. STEAM TURBINE MARKET, BY FORGING CAPACITY, 2022(%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF STEAM TURBINE MARKET FOR LARGE FORGING, BY COUNTRY 2022 AND 2032(%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF STEAM TURBINE MARKET FOR ULTRA LARGE FORGING, BY COUNTRY 2022 AND 2032(%)
FIGURE 25. STEAM TURBINE MARKET BY REGION, 2022
FIGURE 26. U.S. STEAM TURBINE MARKET, 2022-2032 ($MILLION)
FIGURE 27. CANADA STEAM TURBINE MARKET, 2022-2032 ($MILLION)
FIGURE 28. MEXICO STEAM TURBINE MARKET, 2022-2032 ($MILLION)
FIGURE 29. GERMANY STEAM TURBINE MARKET, 2022-2032 ($MILLION)
FIGURE 30. FRANCE STEAM TURBINE MARKET, 2022-2032 ($MILLION)
FIGURE 31. UK STEAM TURBINE MARKET, 2022-2032 ($MILLION)
FIGURE 32. ITALY STEAM TURBINE MARKET, 2022-2032 ($MILLION)
FIGURE 33. SPAIN STEAM TURBINE MARKET, 2022-2032 ($MILLION)
FIGURE 34. REST OF EUROPE STEAM TURBINE MARKET, 2022-2032 ($MILLION)
FIGURE 35. CHINA STEAM TURBINE MARKET, 2022-2032 ($MILLION)
FIGURE 36. JAPAN STEAM TURBINE MARKET, 2022-2032 ($MILLION)
FIGURE 37. INDIA STEAM TURBINE MARKET, 2022-2032 ($MILLION)
FIGURE 38. SOUTH KOREA STEAM TURBINE MARKET, 2022-2032 ($MILLION)
FIGURE 39. AUSTRALIA STEAM TURBINE MARKET, 2022-2032 ($MILLION)
FIGURE 40. REST OF ASIA-PACIFIC STEAM TURBINE MARKET, 2022-2032 ($MILLION)
FIGURE 41. BRAZIL STEAM TURBINE MARKET, 2022-2032 ($MILLION)
FIGURE 42. SAUDI ARABIA STEAM TURBINE MARKET, 2022-2032 ($MILLION)
FIGURE 43. SOUTH AFRICA STEAM TURBINE MARKET, 2022-2032 ($MILLION)
FIGURE 44. REST OF LAMEA STEAM TURBINE MARKET, 2022-2032 ($MILLION)
FIGURE 45. TOP WINNING STRATEGIES, BY YEAR
FIGURE 46. TOP WINNING STRATEGIES, BY DEVELOPMENT
FIGURE 47. TOP WINNING STRATEGIES, BY COMPANY
FIGURE 48. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 49. COMPETITIVE DASHBOARD
FIGURE 50. COMPETITIVE HEATMAP: STEAM TURBINE MARKET
FIGURE 51. TOP PLAYER POSITIONING, 2022
FIGURE 52. GENERAL ELECTRIC: NET REVENUE, 2020-2022 ($MILLION)
FIGURE 53. GENERAL ELECTRIC: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022 ($MILLION)
FIGURE 54. GENERAL ELECTRIC: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 55. GENERAL ELECTRIC: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 56. TOSHIBA CORPORATION: NET REVENUE, 2020-2022 ($MILLION)
FIGURE 57. TOSHIBA CORPORATION: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 58. TOSHIBA CORPORATION: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 59. SIEMENS ENERGY AG: NET SALES, 2020-2022 ($MILLION)
FIGURE 60. SIEMENS ENERGY AG: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022 ($MILLION)
FIGURE 61. SIEMENS ENERGY AG: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 62. SIEMENS ENERGY AG: REVENUE SHARE BY REGION, 2022 (%)

Executive Summary

According to a new report, titled, 'Steam Turbine Market,' The steam turbine market was valued at $17.5 billion in 2022, and is estimated to reach $22.4 billion by 2032, growing at a CAGR of 2.6% from 2023 to 2032.

A steam turbine is a device that converts thermal energy from pressurized steam into mechanical energy, which can then be used to generate electricity or perform other types of mechanical work. It is a key component in many power plants and industrial processes. The basic principle behind a steam turbine is the expansion of high-pressure and high-temperature steam through a series of stationary and rotating blades. The steam is directed onto the blades, causing them to rotate. The rotating motion is then used to turn a generator or drive other machinery. Several advancements are taking place to improve thermal efficiency of power plant systems, which involve enhancing characteristics such as temperature and pressure of steam. General Electric operates a steam turbine at 600°C live steam inlet conditions, by pushing re-heat temperatures further. Doosan Škoda Power, Czech Republic operates steam turbine with 700°C steam. Its ultra-supercritical turbines offer high efficiency and some materials, such as rotor, are welded and modified. The rapid changes of steam turbine & component design to enhance structural rigidity, flexibility, robustness, and reduce carbon dioxide emission technologies are anticipated to provide remunerative opportunities for the expansion of the global market during the forecast period.

Impulse turbines are increasingly used in applications where the flow is low and inlet pressure is high. The impulse turbine, which is used mostly is turbo type. This type of turbine is witnessing high demand from medium-sized units for moderately high heads, which is expected to drive the market growth. Moreover, multiple advancements associated with impulse turbine notably contributes toward the market growth. For instance, the increase in the running speed of impulse hydraulic turbines is one such advancement. It is possible to improve impulse hydraulic turbines by increasing their running speed and this is accompanied to reduce the lower head-limit, in economically feasible applications.

Increase in demand for power generation and high-efficiency impulse turbines augmented with low cost of maintenance a charge in comparison with other conventional turbines notably contributes toward the market growth and also plays a key role in boosting the market growth. The Asia-Pacific market is expected to exhibit notable growth in the coming future due to a rise in demand for electricity in the region. According to the Asia Pacific Energy Research Center (APERC), demand for power in Asia-Pacific is expected to increase by 45% by 2050. This expanded interest is anticipated to be driven by China and Southeast Asia, where growing economies, rising per-capita pay, and expanding use of transport would contribute to higher power utilization. More than 3,200 gigawatts (GW) of new power plant limit is required to meet the supply-demand gap. Hence, it is expected that steam turbines would play a crucial role in generating electricity. Furthermore, frequent opening of new power plants is anticipated to foster the demand for steam turbines.

The Central Electricity Regulatory Commission, India implemented certain regulations, which require every steam-generating company to submit technical details of plants such as installed capacity and configuration (number of units × MW), coal/lignite use, associated transmission system, and proposed evacuation arrangement. These regulations are developed for steam turbine manufacturing companies. In addition, the Office of Oil & Gas Technologies (OIT), U.S. had set up a few guidelines by partnering with government and non-governmental organizations to develop and deliver steam turbines with advanced energy efficiency, renewable energy, and pollution prevention technologies for oil & gas applications. For the purpose of analysis, the global steam turbine market scope covers segmentation based on design, end-use industry, forging capacity, and region. The report outlines the details of various designs of steam turbines such as reaction turbines and impulse turbines. In addition, the applications covered in the study include power generation, petrochemical, oil & gas, and others. By forging capacity, it is divided into large forging and ultra large forging. Moreover, it analyzes the current market trends of steam turbines across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests future growth opportunities.

The key players in the market include General Electric (GE) Co., Turbine Generator Maintenance Inc., Toshiba Corporation, Siemens AG, Arani power systems, Elliott Group, TURBOCAM, Doosan Škoda Power, Chola Turbo Machinery International Pvt. Ltd., and Mitsubishi Power. The revenue of these companies is analyzed to obtain the total market value. The key players in the global steam turbine market are adopting different strategies, such as design launch, expansion, collaboration, agreement, and acquisition to compete against each other in the global competitive market. The data pertaining to market players and their strategic moves are gathered through their annual reports and press releases of respective companies, various blogs available on their websites, and primary calls made to experts in the industry.

The drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain the intense competition in the industry.

Key findings of the study

  • By design, the impulse segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 2.8% from 2023 to 2032.
  • On the basis of the end-use industry, the power generation segment is anticipated to exhibit the highest CAGR of 3.0% from 2023 to 2032.
Asia-Pacific garnered the highest share in 2022, in terms of revenue, and is expected to grow at a CAGR of 3.1%.

Companies Mentioned

  • Mitsubishi Power Americas, Inc.
  • Toshiba Corporation
  • Arani Power Systems Ltd.
  • Doosan Skoda Power s.r.o.
  • General Electric
  • Siemens Energy AG
  • Chola Turbo Machinery International Pvt. Ltd.
  • Turbine Generator Maintenance Inc.
  • Elliott Group
  • TURBOCAM, Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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