Steam Turbine Market Size, Share, Growth Rate, Revenue, Applications, Industry Demand & Forecast to 2024

Steam turbines are popularly known for their use in thermal power plants for generating electricity. Many thermal power plants came into existence in the time of electricity crunch in developed as well as developing countries in the past. Coal being the primary fuel used in powering these plants have raised many environmental issues in today’s world. Most of the developed countries have started replacing the coal power plants with cleaner options such as gas power plants, renewable energy sources, etc.

Steam Turbine Market report is in-depth investigation for Global market. Steam Turbine market was valued at USD XX million Global in 2018 and is forecasted to reach USD XXX million by 2024, with a CAGR of xx% during the 2018-2024.

A steam turbine is a generator which utilizes heating water to create mechanical or rotational energy. According to the International Energy Agency, worldwide energy utilization increased by XX% in 2018, twice than the normal rate in last 10 years. This expansion was driven by strong development of worldwide economy and expanded interest for electricity. With growing electricity requirement, the demand for steam turbine is also expected to increase.

The scope of Steam Turbine Market report:

  • Global market size, supply, demand, consumption, price, import, export, macroeconomic analysis as well as segment information, including:
  • For industry chain analysis, raw material and end user’s information is available.
  • Global key and local players information including SWOT analysis, company’s financial figures, Steam Turbine data of each company are covered.
  • Powerful market analysis tools used in the report include: Porter’s five forces analysis, PEST analysis, drivers and restraints, opportunities and threatens.
  • Based year in this report is 2019; the historical data is from 2014 to 2018 and forecast year is from 2020 to 2024.
  • At last, research method and data source used in this report are shown.

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Top Leading Companies:

  • GE
  • Toshiba
  • Siemens
  • MAN Diesel & Turbo
  • Dongfang Electric
  • Shanghai Electric
  • Harbin Electric
  • Fuji Electric
  • Doosan Heavy Industries
  • Mitsubishi Heavy Industries


Type Segment:

  • Small Size Steam Turbine
  • Medium Size Steam Turbine
  • Large Size Steam Turbine
  • Application Segment:
  • Power Generation
  • Petrochemical
  • Metallurgy
  • Marine
  • Pulp and Paper


By Region Segment –

  • North America: US, Canada, Mexico
  • APAC: China, India, Japan, South Korea, Australia, New Zealand, Southeast Asia (Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam)
  • Europe: Germany, France, UK, Italy, Spain, Poland, Netherlands, Belgium, Czech, Russia
  • South America: Brazil, Argentina, Chile, Peru
  • MEA: South Africa, GCC, Egypt, Turkey

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Table of Contents –

  1. Abbreviation & Acronyms
  2. Key Points
  3. Status of Steam Turbine Industry
  4. Industry Chain of Steam Turbine Industry
  5. 2014-2024 Global Steam Turbine Market
  6. 2014-2024 Global Key Regions Steam Turbine Market
  7. Trends and Dynamics of Steam Turbine
  8. Analysis of Main Players

List of Tables –

Table Global Key Regions Steam Turbine Market Share List

Table Main Applications of Steam Turbine List

Table Global Steam Turbine Players Market Share List 2018

Table Main Technology of Steam Turbine Industry

Table Main Players of Steam Turbine Industry

Table Main Raw Materials Suppliers List

Table Key End Users List


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