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Industry Research
API Steam Turbine Industry Research Report 2026
Market perspective
The global API Steam Turbine market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for API Steam Turbine is forecast to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026–2032.
The Europe market for API Steam Turbine is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032.
Read the full market overview
The Asia Pacific market for API Steam Turbine is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032.
Leading global manufacturers of API Steam Turbine include , among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global API Steam Turbine market in revenue (US$ million) and, where applicable, sales volume (units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to API Steam Turbine.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
API Steam Turbine Market by Company
Siemens
General Electric
Shanghai Electric
Dongfang Turbine
Hangzhou Steam Turbine(HTC)
MAN Energy Solutions
Kawasaki Heavy Industries
Mitsubishi Hitachi Power Systems
Elliott
Triveni Turbine
Kessels
KEPL
CTMI
Skinner Power Systems
API Steam Turbine Segment by Type
API 611 General Purpose Steam Turbine
API 612 Special Purpose Turbine
API Steam Turbine Segment by Application
Oil and Gas
Chemical
Power Generation
Others
API Steam Turbine Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global API Steam Turbine market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of API Steam Turbine and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of API Steam Turbine.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of API Steam Turbine manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of API Steam Turbine by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of API Steam Turbine in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- API 611 General Purpose Steam Turbine
- API 612 Special Purpose Turbine
Applications
- Oil and Gas
- Chemical
- Power Generation
- Others
Companies covered
- Siemens
- General Electric
- Shanghai Electric
- Dongfang Turbine
- Hangzhou Steam Turbine(HTC)
- MAN Energy Solutions
- Kawasaki Heavy Industries
- Mitsubishi Hitachi Power Systems
- Elliott
- Triveni Turbine
- Kessels
- KEPL
- CTMI
- Skinner Power Systems
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 API Steam Turbine by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 API 611 General Purpose Steam Turbine
- 2.2.3 API 612 Special Purpose Turbine
- 2.3 API Steam Turbine by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Oil and Gas
- 2.3.3 Chemical
- 2.3.4 Power Generation
- 2.3.5 Others
- 2.4 Global Market Growth Prospects
- 2.4.1 Global API Steam Turbine Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global API Steam Turbine Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global API Steam Turbine Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global API Steam Turbine Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global API Steam Turbine Production by Manufacturers (2021-2026)
- 3.2 Global API Steam Turbine Production Value by Manufacturers (2021-2026)
- 3.3 Global API Steam Turbine Average Price by Manufacturers (2021-2026)
- 3.4 Global API Steam Turbine Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global API Steam Turbine Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global API Steam Turbine Manufacturers, Product Type & Application
- 3.7 Global API Steam Turbine Manufacturers Established Date
- 3.8 Global API Steam Turbine Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Siemens
- 4.1.1 Siemens API Steam Turbine Company Information
- 4.1.2 Siemens API Steam Turbine Business Overview
- 4.1.3 Siemens API Steam Turbine Production, Value and Gross Margin (2021-2026)
- 4.1.4 Siemens Product Portfolio
- 4.1.5 Siemens Recent Developments
- 4.2 General Electric
- 4.2.1 General Electric API Steam Turbine Company Information
- 4.2.2 General Electric API Steam Turbine Business Overview
- 4.2.3 General Electric API Steam Turbine Production, Value and Gross Margin (2021-2026)
- 4.2.4 General Electric Product Portfolio
- 4.2.5 General Electric Recent Developments
- 4.3 Shanghai Electric
- 4.3.1 Shanghai Electric API Steam Turbine Company Information
- 4.3.2 Shanghai Electric API Steam Turbine Business Overview
- 4.3.3 Shanghai Electric API Steam Turbine Production, Value and Gross Margin (2021-2026)
- 4.3.4 Shanghai Electric Product Portfolio
- 4.3.5 Shanghai Electric Recent Developments
- 4.4 Dongfang Turbine
- 4.4.1 Dongfang Turbine API Steam Turbine Company Information
- 4.4.2 Dongfang Turbine API Steam Turbine Business Overview
- 4.4.3 Dongfang Turbine API Steam Turbine Production, Value and Gross Margin (2021-2026)
- 4.4.4 Dongfang Turbine Product Portfolio
- 4.4.5 Dongfang Turbine Recent Developments
- 4.5 Hangzhou Steam Turbine(HTC)
- 4.5.1 Hangzhou Steam Turbine(HTC) API Steam Turbine Company Information
- 4.5.2 Hangzhou Steam Turbine(HTC) API Steam Turbine Business Overview
- 4.5.3 Hangzhou Steam Turbine(HTC) API Steam Turbine Production, Value and Gross Margin (2021-2026)
- 4.5.4 Hangzhou Steam Turbine(HTC) Product Portfolio
- 4.5.5 Hangzhou Steam Turbine(HTC) Recent Developments
- 4.6 MAN Energy Solutions
- 4.6.1 MAN Energy Solutions API Steam Turbine Company Information
- 4.6.2 MAN Energy Solutions API Steam Turbine Business Overview
- 4.6.3 MAN Energy Solutions API Steam Turbine Production, Value and Gross Margin (2021-2026)
- 4.6.4 MAN Energy Solutions Product Portfolio
- 4.6.5 MAN Energy Solutions Recent Developments
- 4.7 Kawasaki Heavy Industries
- 4.7.1 Kawasaki Heavy Industries API Steam Turbine Company Information
- 4.7.2 Kawasaki Heavy Industries API Steam Turbine Business Overview
- 4.7.3 Kawasaki Heavy Industries API Steam Turbine Production, Value and Gross Margin (2021-2026)
- 4.7.4 Kawasaki Heavy Industries Product Portfolio
- 4.7.5 Kawasaki Heavy Industries Recent Developments
- 4.8 Mitsubishi Hitachi Power Systems
- 4.8.1 Mitsubishi Hitachi Power Systems API Steam Turbine Company Information
- 4.8.2 Mitsubishi Hitachi Power Systems API Steam Turbine Business Overview
- 4.8.3 Mitsubishi Hitachi Power Systems API Steam Turbine Production, Value and Gross Margin (2021-2026)
- 4.8.4 Mitsubishi Hitachi Power Systems Product Portfolio
- 4.8.5 Mitsubishi Hitachi Power Systems Recent Developments
- 4.9 Elliott
- 4.9.1 Elliott API Steam Turbine Company Information
- 4.9.2 Elliott API Steam Turbine Business Overview
- 4.9.3 Elliott API Steam Turbine Production, Value and Gross Margin (2021-2026)
- 4.9.4 Elliott Product Portfolio
- 4.9.5 Elliott Recent Developments
- 4.10 Triveni Turbine
- 4.10.1 Triveni Turbine API Steam Turbine Company Information
- 4.10.2 Triveni Turbine API Steam Turbine Business Overview
- 4.10.3 Triveni Turbine API Steam Turbine Production, Value and Gross Margin (2021-2026)
- 4.10.4 Triveni Turbine Product Portfolio
- 4.10.5 Triveni Turbine Recent Developments
- 4.11 Kessels
- 4.11.1 Kessels API Steam Turbine Company Information
- 4.11.2 Kessels API Steam Turbine Business Overview
- 4.11.3 Kessels API Steam Turbine Production, Value and Gross Margin (2021-2026)
- 4.11.4 Kessels Product Portfolio
- 4.11.5 Kessels Recent Developments
- 4.12 KEPL
- 4.12.1 KEPL API Steam Turbine Company Information
- 4.12.2 KEPL API Steam Turbine Business Overview
- 4.12.3 KEPL API Steam Turbine Production, Value and Gross Margin (2021-2026)
- 4.12.4 KEPL Product Portfolio
- 4.12.5 KEPL Recent Developments
- 4.13 CTMI
- 4.13.1 CTMI API Steam Turbine Company Information
- 4.13.2 CTMI API Steam Turbine Business Overview
- 4.13.3 CTMI API Steam Turbine Production, Value and Gross Margin (2021-2026)
- 4.13.4 CTMI Product Portfolio
- 4.13.5 CTMI Recent Developments
- 4.14 Skinner Power Systems
- 4.14.1 Skinner Power Systems API Steam Turbine Company Information
- 4.14.2 Skinner Power Systems API Steam Turbine Business Overview
- 4.14.3 Skinner Power Systems API Steam Turbine Production, Value and Gross Margin (2021-2026)
- 4.14.4 Skinner Power Systems Product Portfolio
- 4.14.5 Skinner Power Systems Recent Developments
5 Global API Steam Turbine Production by Region
- 5.1 Global API Steam Turbine Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global API Steam Turbine Production by Region: 2021-2032
- 5.2.1 Global API Steam Turbine Production by Region: 2021-2026
- 5.2.2 Global API Steam Turbine Production Forecast by Region (2027-2032)
- 5.3 Global API Steam Turbine Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global API Steam Turbine Production Value by Region: 2021-2032
- 5.4.1 Global API Steam Turbine Production Value by Region: 2021-2026
- 5.4.2 Global API Steam Turbine Production Value Forecast by Region (2027-2032)
- 5.5 Global API Steam Turbine Market Price Analysis by Region (2021-2026)
- 5.6 Global API Steam Turbine Production and Value, YOY Growth
- 5.6.1 North America API Steam Turbine Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe API Steam Turbine Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China API Steam Turbine Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan API Steam Turbine Production Value Estimates and Forecasts (2021-2032)
6 Global API Steam Turbine Consumption by Region
- 6.1 Global API Steam Turbine Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global API Steam Turbine Consumption by Region (2021-2032)
- 6.2.1 Global API Steam Turbine Consumption by Region: 2021-2026
- 6.2.2 Global API Steam Turbine Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America API Steam Turbine Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America API Steam Turbine Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe API Steam Turbine Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe API Steam Turbine Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific API Steam Turbine Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific API Steam Turbine Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa API Steam Turbine Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa API Steam Turbine Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global API Steam Turbine Production by Type (2021-2032)
- 7.1.1 Global API Steam Turbine Production by Type (2021-2032) & (units)
- 7.1.2 Global API Steam Turbine Production Market Share by Type (2021-2032)
- 7.2 Global API Steam Turbine Production Value by Type (2021-2032)
- 7.2.1 Global API Steam Turbine Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global API Steam Turbine Production Value Market Share by Type (2021-2032)
- 7.3 Global API Steam Turbine Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global API Steam Turbine Production by Application (2021-2032)
- 8.1.1 Global API Steam Turbine Production by Application (2021-2032) & (units)
- 8.1.2 Global API Steam Turbine Production Market Share by Application (2021-2032)
- 8.2 Global API Steam Turbine Production Value by Application (2021-2032)
- 8.2.1 Global API Steam Turbine Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global API Steam Turbine Production Value Market Share by Application (2021-2032)
- 8.3 Global API Steam Turbine Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 API Steam Turbine Value Chain Analysis
- 9.1.1 API Steam Turbine Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 API Steam Turbine Production Mode & Process
- 9.2 API Steam Turbine Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 API Steam Turbine Distributors
- 9.2.3 API Steam Turbine Customers
10 Global API Steam Turbine Analyzing Market Dynamics
- 10.1 API Steam Turbine Industry Trends
- 10.2 API Steam Turbine Industry Drivers
- 10.3 API Steam Turbine Industry Opportunities and Challenges
- 10.4 API Steam Turbine Industry Restraints
11 Report Conclusion
12 Disclaimer
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