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Steam Turbine Global Market Report 2024

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    Report

  • 200 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5751780
The steam turbine market size has grown steadily in recent years. It will grow from $16.89 billion in 2023 to $17.23 billion in 2024 at a compound annual growth rate (CAGR) of 2.0%. The growth observed in the historic period can be attributed to several factors such as industrialization driving increased power demand, expansions in power generation capacity, widespread utilization in thermal power plants, adoption in cogeneration and combined heat and power (CHP) systems, as well as the recognized reliability and durability of steam turbines. These factors collectively contributed to the expansion and development of steam turbine technology during that period.

The steam turbine market size is expected to see marginal growth in the next few years. It will grow to $18.64 billion in 2028 at a compound annual growth rate (CAGR) of 2.0%. Anticipated growth in the forecast period is linked to several factors including the integration of steam turbines in nuclear power plants, rising demand for district heating systems, heightened emphasis on energy efficiency across industries, the need for replacement and upgradation in aging infrastructure, and the emergence of small-scale and modular power plants.

The burgeoning focus on renewable energy is anticipated to catalyze the expansion of the steam turbine market. Renewable energy, synonymous with clean energy, ensures stable power supplies, diversifies fuel sources, bolsters energy security, and curbs the risk of fuel-related accidents. This emphasis on renewable energy, aimed at fostering economic development, fortifying energy security, widening power accessibility, and addressing climate change concerns, triggers a heightened demand for steam turbines. As indicated in the January 2022 report by the India Brand Equity Foundation (IBEF), India boasted an installed renewable energy capacity of 152.36 GW, constituting 38.56% of the total installed power capacity. Notably, power generation from renewable sources surged to 13.15 billion units in January 2022, marking an increase from 11.51 billion units in January 2021. Consequently, the escalating emphasis on renewable energy is poised to steer the growth trajectory of the steam turbine market.

The growth projections for the steam turbine market anticipate a significant uptick due to the expansion of the manufacturing sector. This sector, often referred to as industry, encompasses activities involved in producing tangible goods through raw material processing. Steam turbines are pivotal in this domain, offering efficient power and mechanical drive for various processes. Their reliability and adaptability make them indispensable in optimizing production and energy consumption across facilities. An August 2023 report by the National Association of Manufacturers (NAM) highlighted a rise in manufacturing value-added output from $2.905 trillion to $2.895 trillion in 2023's first to fourth quarters, contributing 10.9% to the US economy initially. This growth underscores the driving force behind the steam turbine market's expansion.

Companies in the steam turbine market are prioritizing the development of cutting-edge technologies, including integrated production control systems, aiming to broaden their consumer base, boost sales, and elevate revenue streams. These systems, encompassing a comprehensive suite of interconnected technologies and processes, aim to efficiently manage and optimize various production aspects within industrial settings. In December 2022, Yokogawa Electric Corporation unveiled the CENTUM VP R6.10, a significant addition to their integrated production control system under the OpreX Control and Safety System. Notably, this version introduces advanced capabilities for steam turbine control in compressor drives and the seamless management of multiple compressor trains. Its distinctiveness lies in consolidating process control and turbomachinery control on a single CENTUM VP system, offering an expanded range of control functions. Beyond operational benefits, it significantly enhances engineering, procurement, and maintenance processes, uniquely supporting steam turbine control for compressor drives and streamlining operations via the integrated control of multiple compressor trains.

Imerys S.A., a French mining company, collaborated with E.ON SE, a German electric utility company, in June 2023. Their partnership aims to construct an advanced energy recovery facility at Imerys' site, employing a high-efficiency steam turbine to generate up to 29 MWel of electricity from syngas. This initiative caters to local energy needs while contributing power to approximately 40,000 households and explores potential district heating network opportunities using residual plant heat.

In February 2022, EDF, a French electric utility company, completed the acquisition of American General Electric Company (GE). EDF acquired GE Steam Power's nuclear steam turbine business to consolidate a global steam turbine equipment and services provider within the EDF group. General Electric Company, based in the US, specializes in technologies and services for nuclear and coal power plants, including steam turbines, through its subsidiary, GE Steam Power.

Major companies operating in the steam turbine market report are Hitachi Ltd., Siemens AG, General Electric Company, Toshiba Corporation, Alstom Power Inc., Shanghai Electric Group Corp., Kawasaki Heavy Industries Ltd., Doosan Enerbility Co. Ltd., Dongfang Electric Corporation Ltd., Fuji Electric Ltd., Weg SA, Black & Veatch Corporation, MAN Energy Solutions SE, Harbin Electric Company Limited, Solar Turbines Incorporated, Bharat Heavy Electricals Limited, Ansaldo Energia SpA, Power Machines Ltd., Babcock & Wilcox Enterprises Inc., NPO Saturn PJSC, Elliot Group Corp., Triveni Turbine Limited, Turboden S.p.A., L&T-MHI Power Turbine Generators Pvt. Ltd., Vericor Power Systems LLC, Arani Power Systems Ltd., Turbine Technology Services Corporation, Beijing Beizhong Steam Turbine Generator Co. Ltd., CMI Energy India Pvt. Ltd., Dresser-Rand Group Inc.

Western Europe was the largest region in the steam turbine market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the steam turbine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the steam turbine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Steam turbines find application in various plant types, including those reliant on gas, coal, nuclear, and alternative sources. Gas steam turbines utilize gas to create steam by heating water to extremely high temperatures. These turbines typically come in reaction and impulse designs, categorized by their power capacities: rated power (60 MW), rated power (60–200 MW), and rated power (> 200 MW). They operate using technologies such as steam cycle, combined cycle, and cogeneration, serving diverse industries such as power generation, utilities, and industrial sectors.

The steam turbines market research report is one of a series of new reports that provides steam turbines market statistics, including steam turbines industry global market size, regional shares, competitors with a steam turbines market share, detailed steam turbines market segments, market trends and opportunities, and any further data you may need to thrive in the steam turbines industry. This steam turbines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The steam turbine market consists of sales of the steam turbine including back-pressure steam turbines, extraction steam turbines, and condensing steam turbines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Steam Turbine Market Characteristics3. Steam Turbine Market Trends and Strategies
4. Steam Turbine Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Steam Turbine Market Size and Growth
5.1. Global Steam Turbine Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Steam Turbine Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Steam Turbine Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Steam Turbine Market Segmentation
6.1. Global Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Gas
  • Coal
  • Nuclear
  • Other Plant Types
6.2. Global Steam Turbine Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Rated Power (< 60MW)
  • Rated Power (60-200MW)
  • Rated Power (>200MW)
6.3. Global Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Steam Cycle
  • Combined Cycle
  • Cogeneration
6.4. Global Steam Turbine Market, Segmentation by Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Reaction
  • Impulse
6.5. Global Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Power and Utility
  • Industrial
7. Steam Turbine Market Regional and Country Analysis
7.1. Global Steam Turbine Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Steam Turbine Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Steam Turbine Market
8.1. Asia-Pacific Steam Turbine Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Steam Turbine Market
9.1. China Steam Turbine Market Overview
9.2. China Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Steam Turbine Market
10.1. India Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Steam Turbine Market
11.1. Japan Steam Turbine Market Overview
11.2. Japan Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Steam Turbine Market
12.1. Australia Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Steam Turbine Market
13.1. Indonesia Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Steam Turbine Market
14.1. South Korea Steam Turbine Market Overview
14.2. South Korea Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Steam Turbine Market
15.1. Western Europe Steam Turbine Market Overview
15.2. Western Europe Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Steam Turbine Market
16.1. UK Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Steam Turbine Market
17.1. Germany Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Steam Turbine Market
18.1. France Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Steam Turbine Market
19.1. Italy Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Steam Turbine Market
20.1. Spain Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Steam Turbine Market
21.1. Eastern Europe Steam Turbine Market Overview
21.2. Eastern Europe Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Steam Turbine Market
22.1. Russia Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Steam Turbine Market
23.1. North America Steam Turbine Market Overview
23.2. North America Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Steam Turbine Market
24.1. USA Steam Turbine Market Overview
24.2. USA Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Steam Turbine Market
25.1. Canada Steam Turbine Market Overview
25.2. Canada Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Steam Turbine Market
26.1. South America Steam Turbine Market Overview
26.2. South America Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Steam Turbine Market
27.1. Brazil Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Steam Turbine Market
28.1. Middle East Steam Turbine Market Overview
28.2. Middle East Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Steam Turbine Market
29.1. Africa Steam Turbine Market Overview
29.2. Africa Steam Turbine Market, Segmentation by Plant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Steam Turbine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Steam Turbine Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Steam Turbine Market Competitive Landscape and Company Profiles
30.1. Steam Turbine Market Competitive Landscape
30.2. Steam Turbine Market Company Profiles
30.2.1. Hitachi Ltd.
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Siemens AG
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. General Electric Company
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Toshiba Corporation
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Alstom Power Inc.
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Steam Turbine Market Other Major and Innovative Companies
31.1. Shanghai Electric Group Corp.
31.2. Kawasaki Heavy Industries Ltd.
31.3. Doosan Enerbility Co. Ltd.
31.4. Dongfang Electric Corporation Ltd.
31.5. Fuji Electric Ltd.
31.6. Weg SA
31.7. Black & Veatch Corporation
31.8. MAN Energy Solutions SE
31.9. Harbin Electric Company Limited
31.10. Solar Turbines Incorporated
31.11. Bharat Heavy Electricals Limited
31.12. Ansaldo Energia SpA
31.13. Power Machines Ltd.
31.14. Babcock & Wilcox Enterprises Inc.
31.15. NPO Saturn PJSC
32. Global Steam Turbine Market Competitive Benchmarking33. Global Steam Turbine Market Competitive Dashboard34. Key Mergers and Acquisitions in the Steam Turbine Market
35. Steam Turbine Market Future Outlook and Potential Analysis
35.1 Steam Turbine Market in 2028 - Countries Offering Most New Opportunities
35.2 Steam Turbine Market in 2028 - Segments Offering Most New Opportunities
35.3 Steam Turbine Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Steam Turbine Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on steam turbine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for steam turbine? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Plant Type: Gas; Coal; Nuclear; Other Plant Types
2) By Capacity: Rated Power (< 60MW); Rated Power (60-200MW); Rated Power (>200MW)
3) By Technology: Steam Cycle; Combined Cycle; Cogeneration
4) By Design: Reaction; Impulse
5) By End-Use Industry: Power and Utility; Industrial

Key Companies Mentioned: Hitachi Ltd.; Siemens AG; General Electric Company; Toshiba Corporation; Alstom Power Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

  • Hitachi Ltd.
  • Siemens AG
  • General Electric Company
  • Toshiba Corporation
  • Alstom Power Inc.
  • Shanghai Electric Group Corp.
  • Kawasaki Heavy Industries Ltd.
  • Doosan Enerbility Co. Ltd.
  • Dongfang Electric Corporation Ltd.
  • Fuji Electric Ltd.
  • Weg SA
  • Black & Veatch Corporation
  • MAN Energy Solutions SE
  • Harbin Electric Company Limited
  • Solar Turbines Incorporated
  • Bharat Heavy Electricals Limited
  • Ansaldo Energia SpA
  • Power Machines Ltd.
  • Babcock & Wilcox Enterprises Inc.
  • NPO Saturn PJSC
  • Elliot Group Corp.
  • Triveni Turbine Limited
  • Turboden S.p.A.
  • L&T-MHI Power Turbine Generators Pvt. Ltd.
  • Vericor Power Systems LLC
  • Arani Power Systems Ltd.
  • Turbine Technology Services Corporation
  • Beijing Beizhong Steam Turbine Generator Co. Ltd.
  • CMI Energy India Pvt. Ltd
  • Dresser-Rand Group Inc.

Methodology

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