Steam Turbines Market - Global Forecast 2026-2032

The steam turbines market is transforming as regulatory environments change, operational efficiency becomes critical, and the energy sector advances rapidly. Executives guiding strategic direction must respond decisively to capture opportunities in this evolving landscape.

Market Snapshot: Steam Turbines Market Growth and Outlook

The steam turbines market expanded from USD 25.01 billion in 2025 to USD 26.10 billion in 2026, with a projected CAGR of 4.53% leading to an estimated USD 34.12 billion by 2032. This robust growth underscores the sector’s ability to adapt to new fuel types, shifting operational requirements, and technological advancements. Demand is being driven by needs across industrial and power generation settings, where modern applications require higher efficiency and improved adaptability.

Scope & Segmentation of the Global Steam Turbines Market

Product Types: Back pressure, condensing, extraction, induction, and reheat steam turbines offer varying options for thermal integration and exhaust management, allowing operators to address a wide range of processes and environmental standards.
Stage Counts: Single-stage turbines provide simpler configurations and cost efficiency, while multi-stage engines are engineered for enhanced performance and operational versatility, supporting a variety of application demands.
Application Verticals: Power generation (including centralized and distributed models), oil and gas operations (covering upstream, midstream, and downstream activities), as well as chemical, industrial, marine, and pulp and paper sectors all present distinct requirements—from reliability and compliance to rapid startup and seamless integration with facility processes.
Technology Integrations: Innovations such as advanced alloys, digital control and monitoring, additive manufacturing for critical parts, and condition-based maintenance measures strengthen operational resilience and reduce lifecycle costs.
Regional Coverage: The Americas, Europe, Middle East & Africa, and Asia-Pacific each deliver unique growth drivers, including demand for system upgrades, decarbonization efforts, and manufacturing capacity expansion. Industry participants in each geography are adapting to local policy shifts and market conditions.

Key Takeaways for Senior Decision-Makers

Adaptability in turbine design is increasingly important, enabling the use of diverse fuel types such as low-carbon hydrogen and bio-based alternatives to meet evolving sustainability goals.
Digitalization is defining maintenance practices, with predictive analytics and asset management tools enhancing uptime while optimizing parts replacement and scheduling across fleets.
Aftermarket services, particularly modular retrofit solutions, are now central to operations as plant owners seek to balance efficiency, flexibility, and compliance requirements in their upgrade strategies.
Building supply chain resilience has become a top priority, with businesses expanding relationships with regional suppliers and increasing local overhaul capabilities to minimize disruptions from procurement challenges.
Transition to service-centric models is shifting value delivery, as organizations adopt performance-based contracts and outcome-focused service guarantees to better align incentives and operational objectives.
Innovation is being accelerated by collaboration, with turbine manufacturers and technology vendors forming strategic partnerships to advance material science and drive wider adoption of digital twins in operations.

Tariff Impact on Supply Strategies

Recent tariffs introduced by the United States have increased procurement complexity for steam turbine manufacturers and operators. Risk mitigation strategies include diversifying suppliers through dual sourcing, maintaining higher inventories of critical components, and expanding regional supply chains. Service providers invest in local repair infrastructure to limit exposure to trade policy changes and to keep project schedules on track.

Methodology & Data Sources

This analysis is founded on structured interviews with plant operators, engineering teams, and service managers from top original equipment manufacturers. Secondary data review included technical standards, patent filings, regulatory texts, and authoritative engineering whitepapers. All findings underwent thorough expert validation, peer review, and scenario analysis to ensure accuracy and strategic relevance.

Why This Report Matters

This report empowers executive leaders with data-driven insights for making robust decisions on technology adoption, risk management, and investment allocation.
Actionable intelligence helps organizations respond effectively to regulatory developments, sustainability mandates, digitalization imperatives, and emerging supply chain vulnerabilities.
Stakeholders receive practical guidance for refining product strategies, adapting service delivery models, and positioning competitively in a dynamic global market.

Conclusion

To excel in the steam turbines market, aligning technical progress, operational adaptability, and strategic partnerships is vital. Proactive choices in design, supply relationships, and service offerings enable businesses to remain responsive as the energy sector evolves.

1. Preface

1.1. Objectives of the Study
1.2. Market Definition
1.3. Market Segmentation & Coverage
1.4. Years Considered for the Study
1.5. Currency Considered for the Study
1.6. Language Considered for the Study
1.7. Key Stakeholders

2. Research Methodology

2.1. Introduction
2.2. Research Design
2.2.1. Primary Research
2.2.2. Secondary Research
2.3. Research Framework
2.3.1. Qualitative Analysis
2.3.2. Quantitative Analysis
2.4. Market Size Estimation
2.4.1. Top-Down Approach
2.4.2. Bottom-Up Approach
2.5. Data Triangulation
2.6. Research Outcomes
2.7. Research Assumptions
2.8. Research Limitations

3. Executive Summary

3.1. Introduction
3.2. CXO Perspective
3.3. Market Size & Growth Trends
3.4. Market Share Analysis, 2025
3.5. FPNV Positioning Matrix, 2025
3.6. New Revenue Opportunities
3.7. Next-Generation Business Models
3.8. Industry Roadmap

4. Market Overview

4.1. Introduction
4.2. Industry Ecosystem & Value Chain Analysis
4.2.1. Supply-Side Analysis
4.2.2. Demand-Side Analysis
4.2.3. Stakeholder Analysis
4.3. Porter’s Five Forces Analysis
4.4. PESTLE Analysis
4.5. Market Outlook
4.5.1. Near-Term Market Outlook (0-2 Years)
4.5.2. Medium-Term Market Outlook (3-5 Years)
4.5.3. Long-Term Market Outlook (5-10 Years)
4.6. Go-to-Market Strategy

5. Market Insights

5.1. Consumer Insights & End-User Perspective
5.2. Consumer Experience Benchmarking
5.3. Opportunity Mapping
5.4. Distribution Channel Analysis
5.5. Pricing Trend Analysis
5.6. Regulatory Compliance & Standards Framework
5.7. ESG & Sustainability Analysis
5.8. Disruption & Risk Scenarios
5.9. Return on Investment & Cost-Benefit Analysis

6. Cumulative Impact of United States Tariffs 2025
7. Cumulative Impact of Artificial Intelligence 2025

8. Steam Turbines Market, by Type

8.1. Back Pressure
8.2. Condensing
8.3. Extraction
8.4. Induction
8.5. Reheat

9. Steam Turbines Market, by Stage Count

9.1. Multi Stage
9.2. Single Stage

10. Steam Turbines Market, by Application

10.1. Chemical
10.2. Industrial
10.3. Marine
10.4. Oil & Gas
10.4.1. Downstream
10.4.2. Midstream
10.4.3. Upstream
10.5. Power Generation
10.5.1. Central Generation
10.5.2. Distributed Generation
10.6. Pulp & Paper

11. Steam Turbines Market, by Region

11.1. Americas
11.1.1. North America
11.1.2. Latin America
11.2. Europe, Middle East & Africa
11.2.1. Europe
11.2.2. Middle East
11.2.3. Africa
11.3. Asia-Pacific

12. Steam Turbines Market, by Group

12.1. ASEAN
12.2. GCC
12.3. European Union
12.4. BRICS
12.5. G7
12.6. NATO

13. Steam Turbines Market, by Country

13.1. United States
13.2. Canada
13.3. Mexico
13.4. Brazil
13.5. United Kingdom
13.6. Germany
13.7. France
13.8. Russia
13.9. Italy
13.10. Spain
13.11. China
13.12. India
13.13. Japan
13.14. Australia
13.15. South Korea

14. United States Steam Turbines Market
15. China Steam Turbines Market

16. Competitive Landscape

16.1. Market Concentration Analysis, 2025
16.1.1. Concentration Ratio (CR)
16.1.2. Herfindahl Hirschman Index (HHI)
16.2. Recent Developments & Impact Analysis, 2025
16.3. Product Portfolio Analysis, 2025
16.4. Benchmarking Analysis, 2025
16.5. ABB Ltd.
16.6. Alstom S.A.
16.7. Ansaldo Energia S.p.A
16.8. Arani power systems
16.9. Bharat Heavy Electricals Limited
16.10. Chola Turbo Machinery International Pvt. Ltd.
16.11. Dongfang Turbine Company Limited
16.12. Doosan Škoda Power
16.13. Elliott Group
16.14. Fuji Electric Co., Ltd.
16.15. General Electric Company
16.16. Hangzhou Turbine Power Group Co., Ltd.
16.17. Howden Group
16.18. Kawasaki Heavy Industries, Ltd.
16.19. MAN Energy Solutions SE
16.20. Mitsubishi Heavy Industries, Ltd.
16.21. Shin Nippon Machinery Co., Ltd
16.22. Siemens AG
16.23. Sumitomo Heavy Industries, Ltd.
16.24. Toshiba Corporation
16.25. Trillium Flow Technologies
16.26. Turbine Generator Maintenance Inc.
16.27. TURBOCAM, Inc.
16.28. WEG S.A.

List of Figures

FIGURE 1. GLOBAL STEAM TURBINES MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 2. GLOBAL STEAM TURBINES MARKET SHARE, BY KEY PLAYER, 2025
FIGURE 3. GLOBAL STEAM TURBINES MARKET, FPNV POSITIONING MATRIX, 2025
FIGURE 4. GLOBAL STEAM TURBINES MARKET SIZE, BY TYPE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 5. GLOBAL STEAM TURBINES MARKET SIZE, BY STAGE COUNT, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 6. GLOBAL STEAM TURBINES MARKET SIZE, BY APPLICATION, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 7. GLOBAL STEAM TURBINES MARKET SIZE, BY REGION, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 8. GLOBAL STEAM TURBINES MARKET SIZE, BY GROUP, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 9. GLOBAL STEAM TURBINES MARKET SIZE, BY COUNTRY, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 10. UNITED STATES STEAM TURBINES MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 11. CHINA STEAM TURBINES MARKET SIZE, 2018-2032 (USD MILLION)

List of Tables

TABLE 1. GLOBAL STEAM TURBINES MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 2. GLOBAL STEAM TURBINES MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 3. GLOBAL STEAM TURBINES MARKET SIZE, BY BACK PRESSURE, BY REGION, 2018-2032 (USD MILLION)
TABLE 4. GLOBAL STEAM TURBINES MARKET SIZE, BY BACK PRESSURE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 5. GLOBAL STEAM TURBINES MARKET SIZE, BY BACK PRESSURE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 6. GLOBAL STEAM TURBINES MARKET SIZE, BY CONDENSING, BY REGION, 2018-2032 (USD MILLION)
TABLE 7. GLOBAL STEAM TURBINES MARKET SIZE, BY CONDENSING, BY GROUP, 2018-2032 (USD MILLION)
TABLE 8. GLOBAL STEAM TURBINES MARKET SIZE, BY CONDENSING, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 9. GLOBAL STEAM TURBINES MARKET SIZE, BY EXTRACTION, BY REGION, 2018-2032 (USD MILLION)
TABLE 10. GLOBAL STEAM TURBINES MARKET SIZE, BY EXTRACTION, BY GROUP, 2018-2032 (USD MILLION)
TABLE 11. GLOBAL STEAM TURBINES MARKET SIZE, BY EXTRACTION, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 12. GLOBAL STEAM TURBINES MARKET SIZE, BY INDUCTION, BY REGION, 2018-2032 (USD MILLION)
TABLE 13. GLOBAL STEAM TURBINES MARKET SIZE, BY INDUCTION, BY GROUP, 2018-2032 (USD MILLION)
TABLE 14. GLOBAL STEAM TURBINES MARKET SIZE, BY INDUCTION, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 15. GLOBAL STEAM TURBINES MARKET SIZE, BY REHEAT, BY REGION, 2018-2032 (USD MILLION)
TABLE 16. GLOBAL STEAM TURBINES MARKET SIZE, BY REHEAT, BY GROUP, 2018-2032 (USD MILLION)
TABLE 17. GLOBAL STEAM TURBINES MARKET SIZE, BY REHEAT, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 18. GLOBAL STEAM TURBINES MARKET SIZE, BY STAGE COUNT, 2018-2032 (USD MILLION)
TABLE 19. GLOBAL STEAM TURBINES MARKET SIZE, BY MULTI STAGE, BY REGION, 2018-2032 (USD MILLION)
TABLE 20. GLOBAL STEAM TURBINES MARKET SIZE, BY MULTI STAGE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 21. GLOBAL STEAM TURBINES MARKET SIZE, BY MULTI STAGE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 22. GLOBAL STEAM TURBINES MARKET SIZE, BY SINGLE STAGE, BY REGION, 2018-2032 (USD MILLION)
TABLE 23. GLOBAL STEAM TURBINES MARKET SIZE, BY SINGLE STAGE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 24. GLOBAL STEAM TURBINES MARKET SIZE, BY SINGLE STAGE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 25. GLOBAL STEAM TURBINES MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 26. GLOBAL STEAM TURBINES MARKET SIZE, BY CHEMICAL, BY REGION, 2018-2032 (USD MILLION)
TABLE 27. GLOBAL STEAM TURBINES MARKET SIZE, BY CHEMICAL, BY GROUP, 2018-2032 (USD MILLION)
TABLE 28. GLOBAL STEAM TURBINES MARKET SIZE, BY CHEMICAL, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 29. GLOBAL STEAM TURBINES MARKET SIZE, BY INDUSTRIAL, BY REGION, 2018-2032 (USD MILLION)
TABLE 30. GLOBAL STEAM TURBINES MARKET SIZE, BY INDUSTRIAL, BY GROUP, 2018-2032 (USD MILLION)
TABLE 31. GLOBAL STEAM TURBINES MARKET SIZE, BY INDUSTRIAL, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 32. GLOBAL STEAM TURBINES MARKET SIZE, BY MARINE, BY REGION, 2018-2032 (USD MILLION)
TABLE 33. GLOBAL STEAM TURBINES MARKET SIZE, BY MARINE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 34. GLOBAL STEAM TURBINES MARKET SIZE, BY MARINE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 35. GLOBAL STEAM TURBINES MARKET SIZE, BY OIL & GAS, BY REGION, 2018-2032 (USD MILLION)
TABLE 36. GLOBAL STEAM TURBINES MARKET SIZE, BY OIL & GAS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 37. GLOBAL STEAM TURBINES MARKET SIZE, BY OIL & GAS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 38. GLOBAL STEAM TURBINES MARKET SIZE, BY OIL & GAS, 2018-2032 (USD MILLION)
TABLE 39. GLOBAL STEAM TURBINES MARKET SIZE, BY DOWNSTREAM, BY REGION, 2018-2032 (USD MILLION)
TABLE 40. GLOBAL STEAM TURBINES MARKET SIZE, BY DOWNSTREAM, BY GROUP, 2018-2032 (USD MILLION)
TABLE 41. GLOBAL STEAM TURBINES MARKET SIZE, BY DOWNSTREAM, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 42. GLOBAL STEAM TURBINES MARKET SIZE, BY MIDSTREAM, BY REGION, 2018-2032 (USD MILLION)
TABLE 43. GLOBAL STEAM TURBINES MARKET SIZE, BY MIDSTREAM, BY GROUP, 2018-2032 (USD MILLION)
TABLE 44. GLOBAL STEAM TURBINES MARKET SIZE, BY MIDSTREAM, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 45. GLOBAL STEAM TURBINES MARKET SIZE, BY UPSTREAM, BY REGION, 2018-2032 (USD MILLION)
TABLE 46. GLOBAL STEAM TURBINES MARKET SIZE, BY UPSTREAM, BY GROUP, 2018-2032 (USD MILLION)
TABLE 47. GLOBAL STEAM TURBINES MARKET SIZE, BY UPSTREAM, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 48. GLOBAL STEAM TURBINES MARKET SIZE, BY POWER GENERATION, BY REGION, 2018-2032 (USD MILLION)
TABLE 49. GLOBAL STEAM TURBINES MARKET SIZE, BY POWER GENERATION, BY GROUP, 2018-2032 (USD MILLION)
TABLE 50. GLOBAL STEAM TURBINES MARKET SIZE, BY POWER GENERATION, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 51. GLOBAL STEAM TURBINES MARKET SIZE, BY POWER GENERATION, 2018-2032 (USD MILLION)
TABLE 52. GLOBAL STEAM TURBINES MARKET SIZE, BY CENTRAL GENERATION, BY REGION, 2018-2032 (USD MILLION)
TABLE 53. GLOBAL STEAM TURBINES MARKET SIZE, BY CENTRAL GENERATION, BY GROUP, 2018-2032 (USD MILLION)
TABLE 54. GLOBAL STEAM TURBINES MARKET SIZE, BY CENTRAL GENERATION, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 55. GLOBAL STEAM TURBINES MARKET SIZE, BY DISTRIBUTED GENERATION, BY REGION, 2018-2032 (USD MILLION)
TABLE 56. GLOBAL STEAM TURBINES MARKET SIZE, BY DISTRIBUTED GENERATION, BY GROUP, 2018-2032 (USD MILLION)
TABLE 57. GLOBAL STEAM TURBINES MARKET SIZE, BY DISTRIBUTED GENERATION, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 58. GLOBAL STEAM TURBINES MARKET SIZE, BY PULP & PAPER, BY REGION, 2018-2032 (USD MILLION)
TABLE 59. GLOBAL STEAM TURBINES MARKET SIZE, BY PULP & PAPER, BY GROUP, 2018-2032 (USD MILLION)
TABLE 60. GLOBAL STEAM TURBINES MARKET SIZE, BY PULP & PAPER, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 61. GLOBAL STEAM TURBINES MARKET SIZE, BY REGION, 2018-2032 (USD MILLION)
TABLE 62. AMERICAS STEAM TURBINES MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 63. AMERICAS STEAM TURBINES MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 64. AMERICAS STEAM TURBINES MARKET SIZE, BY STAGE COUNT, 2018-2032 (USD MILLION)
TABLE 65. AMERICAS STEAM TURBINES MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 66. AMERICAS STEAM TURBINES MARKET SIZE, BY OIL & GAS, 2018-2032 (USD MILLION)
TABLE 67. AMERICAS STEAM TURBINES MARKET SIZE, BY POWER GENERATION, 2018-2032 (USD MILLION)
TABLE 68. NORTH AMERICA STEAM TURBINES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 69. NORTH AMERICA STEAM TURBINES MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 70. NORTH AMERICA STEAM TURBINES MARKET SIZE, BY STAGE COUNT, 2018-2032 (USD MILLION)
TABLE 71. NORTH AMERICA STEAM TURBINES MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 72. NORTH AMERICA STEAM TURBINES MARKET SIZE, BY OIL & GAS, 2018-2032 (USD MILLION)
TABLE 73. NORTH AMERICA STEAM TURBINES MARKET SIZE, BY POWER GENERATION, 2018-2032 (USD MILLION)
TABLE 74. LATIN AMERICA STEAM TURBINES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 75. LATIN AMERICA STEAM TURBINES MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 76. LATIN AMERICA STEAM TURBINES MARKET SIZE, BY STAGE COUNT, 2018-2032 (USD MILLION)
TABLE 77. LATIN AMERICA STEAM TURBINES MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 78. LATIN AMERICA STEAM TURBINES MARKET SIZE, BY OIL & GAS, 2018-2032 (USD MILLION)
TABLE 79. LATIN AMERICA STEAM TURBINES MARKET SIZE, BY POWER GENERATION, 2018-2032 (USD MILLION)
TABLE 80. EUROPE, MIDDLE EAST & AFRICA STEAM TURBINES MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 81. EUROPE, MIDDLE EAST & AFRICA STEAM TURBINES MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 82. EUROPE, MIDDLE EAST & AFRICA STEAM TURBINES MARKET SIZE, BY STAGE COUNT, 2018-2032 (USD MILLION)
TABLE 83. EUROPE, MIDDLE EAST & AFRICA STEAM TURBINES MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 84. EUROPE, MIDDLE EAST & AFRICA STEAM TURBINES MARKET SIZE, BY OIL & GAS, 2018-2032 (USD MILLION)
TABLE 85. EUROPE, MIDDLE EAST & AFRICA STEAM TURBINES MARKET SIZE, BY POWER GENERATION, 2018-2032 (USD MILLION)
TABLE 86. EUROPE STEAM TURBINES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 87. EUROPE STEAM TURBINES MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 88. EUROPE STEAM TURBINES MARKET SIZE, BY STAGE COUNT, 2018-2032 (USD MILLION)
TABLE 89. EUROPE STEAM TURBINES MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 90. EUROPE STEAM TURBINES MARKET SIZE, BY OIL & GAS, 2018-2032 (USD MILLION)
TABLE 91. EUROPE STEAM TURBINES MARKET SIZE, BY POWER GENERATION, 2018-2032 (USD MILLION)
TABLE 92. MIDDLE EAST STEAM TURBINES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 93. MIDDLE EAST STEAM TURBINES MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 94. MIDDLE EAST STEAM TURBINES MARKET SIZE, BY STAGE COUNT, 2018-2032 (USD MILLION)
TABLE 95. MIDDLE EAST STEAM TURBINES MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 96. MIDDLE EAST STEAM TURBINES MARKET SIZE, BY OIL & GAS, 2018-2032 (USD MILLION)
TABLE 97. MIDDLE EAST STEAM TURBINES MARKET SIZE, BY POWER GENERATION, 2018-2032 (USD MILLION)
TABLE 98. AFRICA STEAM TURBINES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 99. AFRICA STEAM TURBINES MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 100. AFRICA STEAM TURBINES MARKET SIZE, BY STAGE COUNT, 2018-2032 (USD MILLION)
TABLE 101. AFRICA STEAM TURBINES MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 102. AFRICA STEAM TURBINES MARKET SIZE, BY OIL & GAS, 2018-2032 (USD MILLION)
TABLE 103. AFRICA STEAM TURBINES MARKET SIZE, BY POWER GENERATION, 2018-2032 (USD MILLION)
TABLE 104. ASIA-PACIFIC STEAM TURBINES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 105. ASIA-PACIFIC STEAM TURBINES MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 106. ASIA-PACIFIC STEAM TURBINES MARKET SIZE, BY STAGE COUNT, 2018-2032 (USD MILLION)
TABLE 107. ASIA-PACIFIC STEAM TURBINES MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 108. ASIA-PACIFIC STEAM TURBINES MARKET SIZE, BY OIL & GAS, 2018-2032 (USD MILLION)
TABLE 109. ASIA-PACIFIC STEAM TURBINES MARKET SIZE, BY POWER GENERATION, 2018-2032 (USD MILLION)
TABLE 110. GLOBAL STEAM TURBINES MARKET SIZE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 111. ASEAN STEAM TURBINES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 112. ASEAN STEAM TURBINES MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 113. ASEAN STEAM TURBINES MARKET SIZE, BY STAGE COUNT, 2018-2032 (USD MILLION)
TABLE 114. ASEAN STEAM TURBINES MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 115. ASEAN STEAM TURBINES MARKET SIZE, BY OIL & GAS, 2018-2032 (USD MILLION)
TABLE 116. ASEAN STEAM TURBINES MARKET SIZE, BY POWER GENERATION, 2018-2032 (USD MILLION)
TABLE 117. GCC STEAM TURBINES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 118. GCC STEAM TURBINES MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 119. GCC STEAM TURBINES MARKET SIZE, BY STAGE COUNT, 2018-2032 (USD MILLION)
TABLE 120. GCC STEAM TURBINES MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 121. GCC STEAM TURBINES MARKET SIZE, BY OIL & GAS, 2018-2032 (USD MILLION)
TABLE 122. GCC STEAM TURBINES MARKET SIZE, BY POWER GENERATION, 2018-2032 (USD MILLION)
TABLE 123. EUROPEAN UNION STEAM TURBINES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 124. EUROPEAN UNION STEAM TURBINES MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 125. EUROPEAN UNION STEAM TURBINES MARKET SIZE, BY STAGE COUNT, 2018-2032 (USD MILLION)
TABLE 126. EUROPEAN UNION STEAM TURBINES MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 127. EUROPEAN UNION STEAM TURBINES MARKET SIZE, BY OIL & GAS, 2018-2032 (USD MILLION)
TABLE 128. EUROPEAN UNION STEAM TURBINES MARKET SIZE, BY POWER GENERATION, 2018-2032 (USD MILLION)
TABLE 129. BRICS STEAM TURBINES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 130. BRICS STEAM TURBINES MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 131. BRICS STEAM TURBINES MARKET SIZE, BY STAGE COUNT, 2018-2032 (USD MILLION)
TABLE 132. BRICS STEAM TURBINES MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 133. BRICS STEAM TURBINES MARKET SIZE, BY OIL & GAS, 2018-2032 (USD MILLION)
TABLE 134. BRICS STEAM TURBINES MARKET SIZE, BY POWER GENERATION, 2018-2032 (USD MILLION)
TABLE 135. G7 STEAM TURBINES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 136. G7 STEAM TURBINES MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 137. G7 STEAM TURBINES MARKET SIZE, BY STAGE COUNT, 2018-2032 (USD MILLION)
TABLE 138. G7 STEAM TURBINES MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 139. G7 STEAM TURBINES MARKET SIZE, BY OIL & GAS, 2018-2032 (USD MILLION)
TABLE 140. G7 STEAM TURBINES MARKET SIZE, BY POWER GENERATION, 2018-2032 (USD MILLION)
TABLE 141. NATO STEAM TURBINES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 142. NATO STEAM TURBINES MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 143. NATO STEAM TURBINES MARKET SIZE, BY STAGE COUNT, 2018-2032 (USD MILLION)
TABLE 144. NATO STEAM TURBINES MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 145. NATO STEAM TURBINES MARKET SIZE, BY OIL & GAS, 2018-2032 (USD MILLION)
TABLE 146. NATO STEAM TURBINES MARKET SIZE, BY POWER GENERATION, 2018-2032 (USD MILLION)
TABLE 147. GLOBAL STEAM TURBINES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 148. UNITED STATES STEAM TURBINES MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 149. UNITED STATES STEAM TURBINES MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 150. UNITED STATES STEAM TURBINES MARKET SIZE, BY STAGE COUNT, 2018-2032 (USD MILLION)
TABLE 151. UNITED STATES STEAM TURBINES MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 152. UNITED STATES STEAM TURBINES MARKET SIZE, BY OIL & GAS, 2018-2032 (USD MILLION)
TABLE 153. UNITED STATES STEAM TURBINES MARKET SIZE, BY POWER GENERATION, 2018-2032 (USD MILLION)
TABLE 154. CHINA STEAM TURBINES MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 155. CHINA STEAM TURBINES MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 156. CHINA STEAM TURBINES MARKET SIZE, BY STAGE COUNT, 2018-2032 (USD MILLION)
TABLE 157. CHINA STEAM TURBINES MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 158. CHINA STEAM TURBINES MARKET SIZE, BY OIL & GAS, 2018-2032 (USD MILLION)
TABLE 159. CHINA STEAM TURBINES MARKET SIZE, BY POWER GENERATION, 2018-2032 (USD MILLION)

Companies Mentioned

The key companies profiled in this Steam Turbines market report include:

ABB Ltd.
Alstom S.A.
Ansaldo Energia S.p.A
Arani power systems
Bharat Heavy Electricals Limited
Chola Turbo Machinery International Pvt. Ltd.
Dongfang Turbine Company Limited
Doosan Škoda Power
Elliott Group
Fuji Electric Co., Ltd.
General Electric Company
Hangzhou Turbine Power Group Co., Ltd.
Howden Group
Kawasaki Heavy Industries, Ltd.
MAN Energy Solutions SE
Mitsubishi Heavy Industries, Ltd.
Shin Nippon Machinery Co., Ltd
Siemens AG
Sumitomo Heavy Industries, Ltd.
Toshiba Corporation
Trillium Flow Technologies
Turbine Generator Maintenance Inc.
TURBOCAM, Inc.
WEG S.A.

Table Information

Report Attribute	Details
No. of Pages	194
Published	January 2026
Forecast Period	2026 - 2032
Estimated Market Value ( USD ) in 2026	$ 26.1 Billion
Forecasted Market Value ( USD ) by 2032	$ 34.12 Billion
Compound Annual Growth Rate	4.5%
Regions Covered	Global
No. of Companies Mentioned	25

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Market Snapshot: Steam Turbines Market Growth and Outlook

Scope & Segmentation of the Global Steam Turbines Market

Key Takeaways for Senior Decision-Makers

Tariff Impact on Supply Strategies

Methodology & Data Sources

Why This Report Matters

Conclusion

Table of Contents

Companies Mentioned

Table Information

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