APO RESEARCH · REPORT
Steam Turbine
Steam Turbine is a device that extracts thermal energy from pressurized steam and uses it to do mechanical work on a rotating output shaft.
Product & engineering
Understand the product.
Steam Turbine is a device that extracts thermal energy from pressurized steam and uses it to do mechanical work on a rotating output shaft.
Selected research
Market Structure
Global Steam Turbine Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032
Market perspective
Steam Turbine is a device that extracts thermal energy from pressurized steam and uses it to do mechanical work on a rotating output shaft.
Global Steam Turbine key players include GE, Siemens, MHPS, HTC, Doosan Skoda Power, etc. Global top five manufacturers hold a share over 65%.
Europe is the largest market, with a share over 35%, followed by North America and Asia-Pacific, both have a share over 55%.
Read the full market overview
In terms of product, Non-Condensing Steam Turbine is the largest segment, with a share about 60%. And in terms of application, the largest application is Power Generation, followed by Industrial, etc.
The report provides an overview of the global Steam Turbine market in terms of capacity, output, revenue, and price, analyzing global market trends using historical revenue and sales data for 2021-2025, estimates for 2026, and projected CAGRs through 2032.
The study covers key producers of Steam Turbine and consumption patterns in major regions and countries, assesses future market potential, and highlights priority regions and countries for segmenting the market into sub-sectors, with country-specific market value data for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, the Middle East, Africa, and other countries.
The report also presents Steam Turbine sales, revenue, market share, and industry ranking for the main manufacturers for 2021-2026, identifies the major stakeholders in the global market, and analyzes their competitive landscape and market positioning based on recent developments and segmental revenues.
In addition, the report analyzes segment data by type and application—covering sales, revenue, and price—for 2021-2032, and evaluates and forecasts the Steam Turbine market size, projected growth trends, production technologies, key applications, and end-use industries.
Steam Turbine Segment by Company
GE
Siemens
DEC
Shanghai Electric
HTC
Harbin Turbine Company Limited
MHPS
MAN Power Engineering
Fuji Electric
Elliott Group
Doosan
Ansaldo Energia
Kawasaki
Power Machines
Toshiba
Ansaldo
Steam Turbine Segment by Type
Condensing Steam Turbine
Non-Condensing Steam Turbine
Steam Turbine Segment by Application
Power Generation
Industrial
Others
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
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
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 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 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 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: Provides an overview of the Steam Turbine market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2021-2032).
Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Steam Turbine industry.
Chapter 3: Detailed analysis of Steam Turbine market competition landscape. Including Steam Turbine manufacturers' output value, output and average price from 2021 to 2026, as well as competition analysis indicators such as origin, product type, application, merger and acquisition information, etc.
Chapter 4: 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 5: 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 6: 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 7: Production/Production Value of Steam Turbine by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 8: Consumption of 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 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Condensing Steam Turbine
- Non-Condensing Steam Turbine
Applications
- Power Generation
- Industrial
- Others
Companies covered
- GE
- Siemens
- DEC
- Shanghai Electric
- HTC
- Harbin Turbine Company Limited
- MHPS
- MAN Power Engineering
- Fuji Electric
- Elliott Group
- Doosan
- Ansaldo Energia
- Kawasaki
- Power Machines
- Toshiba
- Ansaldo
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Steam Turbine Production Value Estimates and Forecasts (2021-2032)
- 1.2.2 Global Steam Turbine Production Capacity Estimates and Forecasts (2021-2032)
- 1.2.3 Global Steam Turbine Production Estimates and Forecasts (2021-2032)
- 1.2.4 Global Steam Turbine Market Average Price (2021-2032)
- 1.3 Assumptions and Limitations
- 1.4 Study Goals and Objectives
2 Global Steam Turbine Market Dynamics
- 2.1 Steam Turbine Industry Trends
- 2.2 Steam Turbine Industry Drivers
- 2.3 Steam Turbine Industry Opportunities and Challenges
- 2.4 Steam Turbine Industry Restraints
3 Steam Turbine Market by Manufacturers
- 3.1 Global Steam Turbine Production Value by Manufacturers (2021-2026)
- 3.2 Global Steam Turbine Production by Manufacturers (2021-2026)
- 3.3 Global Steam Turbine Average Price by Manufacturers (2021-2026)
- 3.4 Global Steam Turbine Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Steam Turbine Key Manufacturers Manufacturing Sites & Headquarters
- 3.6 Global Steam Turbine Manufacturers, Product Type & Application
- 3.7 Global Steam Turbine Manufacturers Established Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Steam Turbine Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Steam Turbine Players Market Share by Production Value in 2025
- 3.8.3 2025 Steam Turbine Tier 1, Tier 2, and Tier 3
4 Steam Turbine Market by Type
- 4.1 Steam Turbine Type Introduction
- 4.1.1 Condensing Steam Turbine
- 4.1.2 Non-Condensing Steam Turbine
- 4.2 Global Steam Turbine Production by Type
- 4.2.1 Global Steam Turbine Production by Type (2021 VS 2025 VS 2032)
- 4.2.2 Global Steam Turbine Production by Type (2021-2032)
- 4.2.3 Global Steam Turbine Production Market Share by Type (2021-2032)
- 4.3 Global Steam Turbine Production Value by Type
- 4.3.1 Global Steam Turbine Production Value by Type (2021 VS 2025 VS 2032)
- 4.3.2 Global Steam Turbine Production Value by Type (2021-2032)
- 4.3.3 Global Steam Turbine Production Value Market Share by Type (2021-2032)
5 Steam Turbine Market by Application
- 5.1 Steam Turbine Application Introduction
- 5.1.1 Power Generation
- 5.1.2 Industrial
- 5.1.3 Others
- 5.2 Global Steam Turbine Production by Application
- 5.2.1 Global Steam Turbine Production by Application (2021 VS 2025 VS 2032)
- 5.2.2 Global Steam Turbine Production by Application (2021-2032)
- 5.2.3 Global Steam Turbine Production Market Share by Application (2021-2032)
- 5.3 Global Steam Turbine Production Value by Application
- 5.3.1 Global Steam Turbine Production Value by Application (2021 VS 2025 VS 2032)
- 5.3.2 Global Steam Turbine Production Value by Application (2021-2032)
- 5.3.3 Global Steam Turbine Production Value Market Share by Application (2021-2032)
6 Company Profiles
- 6.1 GE
- 6.1.1 GE Company Information
- 6.1.2 GE Business Overview
- 6.1.3 GE Steam Turbine Production, Value and Gross Margin (2021-2026)
- 6.1.4 GE Steam Turbine Product Portfolio
- 6.1.5 GE Recent Developments
- 6.2 Siemens
- 6.2.1 Siemens Company Information
- 6.2.2 Siemens Business Overview
- 6.2.3 Siemens Steam Turbine Production, Value and Gross Margin (2021-2026)
- 6.2.4 Siemens Steam Turbine Product Portfolio
- 6.2.5 Siemens Recent Developments
- 6.3 DEC
- 6.3.1 DEC Company Information
- 6.3.2 DEC Business Overview
- 6.3.3 DEC Steam Turbine Production, Value and Gross Margin (2021-2026)
- 6.3.4 DEC Steam Turbine Product Portfolio
- 6.3.5 DEC Recent Developments
- 6.4 Shanghai Electric
- 6.4.1 Shanghai Electric Company Information
- 6.4.2 Shanghai Electric Business Overview
- 6.4.3 Shanghai Electric Steam Turbine Production, Value and Gross Margin (2021-2026)
- 6.4.4 Shanghai Electric Steam Turbine Product Portfolio
- 6.4.5 Shanghai Electric Recent Developments
- 6.5 HTC
- 6.5.1 HTC Company Information
- 6.5.2 HTC Business Overview
- 6.5.3 HTC Steam Turbine Production, Value and Gross Margin (2021-2026)
- 6.5.4 HTC Steam Turbine Product Portfolio
- 6.5.5 HTC Recent Developments
- 6.6 Harbin Turbine Company Limited
- 6.6.1 Harbin Turbine Company Limited Company Information
- 6.6.2 Harbin Turbine Company Limited Business Overview
- 6.6.3 Harbin Turbine Company Limited Steam Turbine Production, Value and Gross Margin (2021-2026)
- 6.6.4 Harbin Turbine Company Limited Steam Turbine Product Portfolio
- 6.6.5 Harbin Turbine Company Limited Recent Developments
- 6.7 MHPS
- 6.7.1 MHPS Company Information
- 6.7.2 MHPS Business Overview
- 6.7.3 MHPS Steam Turbine Production, Value and Gross Margin (2021-2026)
- 6.7.4 MHPS Steam Turbine Product Portfolio
- 6.7.5 MHPS Recent Developments
- 6.8 MAN Power Engineering
- 6.8.1 MAN Power Engineering Company Information
- 6.8.2 MAN Power Engineering Business Overview
- 6.8.3 MAN Power Engineering Steam Turbine Production, Value and Gross Margin (2021-2026)
- 6.8.4 MAN Power Engineering Steam Turbine Product Portfolio
- 6.8.5 MAN Power Engineering Recent Developments
- 6.9 Fuji Electric
- 6.9.1 Fuji Electric Company Information
- 6.9.2 Fuji Electric Business Overview
- 6.9.3 Fuji Electric Steam Turbine Production, Value and Gross Margin (2021-2026)
- 6.9.4 Fuji Electric Steam Turbine Product Portfolio
- 6.9.5 Fuji Electric Recent Developments
- 6.10 Elliott Group
- 6.10.1 Elliott Group Company Information
- 6.10.2 Elliott Group Business Overview
- 6.10.3 Elliott Group Steam Turbine Production, Value and Gross Margin (2021-2026)
- 6.10.4 Elliott Group Steam Turbine Product Portfolio
- 6.10.5 Elliott Group Recent Developments
- 6.11 Doosan
- 6.11.1 Doosan Company Information
- 6.11.2 Doosan Business Overview
- 6.11.3 Doosan Steam Turbine Production, Value and Gross Margin (2021-2026)
- 6.11.4 Doosan Steam Turbine Product Portfolio
- 6.11.5 Doosan Recent Developments
- 6.12 Ansaldo Energia
- 6.12.1 Ansaldo Energia Company Information
- 6.12.2 Ansaldo Energia Business Overview
- 6.12.3 Ansaldo Energia Steam Turbine Production, Value and Gross Margin (2021-2026)
- 6.12.4 Ansaldo Energia Steam Turbine Product Portfolio
- 6.12.5 Ansaldo Energia Recent Developments
- 6.13 Kawasaki
- 6.13.1 Kawasaki Company Information
- 6.13.2 Kawasaki Business Overview
- 6.13.3 Kawasaki Steam Turbine Production, Value and Gross Margin (2021-2026)
- 6.13.4 Kawasaki Steam Turbine Product Portfolio
- 6.13.5 Kawasaki Recent Developments
- 6.14 Power Machines
- 6.14.1 Power Machines Company Information
- 6.14.2 Power Machines Business Overview
- 6.14.3 Power Machines Steam Turbine Production, Value and Gross Margin (2021-2026)
- 6.14.4 Power Machines Steam Turbine Product Portfolio
- 6.14.5 Power Machines Recent Developments
- 6.15 Toshiba
- 6.15.1 Toshiba Company Information
- 6.15.2 Toshiba Business Overview
- 6.15.3 Toshiba Steam Turbine Production, Value and Gross Margin (2021-2026)
- 6.15.4 Toshiba Steam Turbine Product Portfolio
- 6.15.5 Toshiba Recent Developments
- 6.16 Ansaldo
- 6.16.1 Ansaldo Company Information
- 6.16.2 Ansaldo Business Overview
- 6.16.3 Ansaldo Steam Turbine Production, Value and Gross Margin (2021-2026)
- 6.16.4 Ansaldo Steam Turbine Product Portfolio
- 6.16.5 Ansaldo Recent Developments
7 Global Steam Turbine Production by Region
- 7.1 Global Steam Turbine Production by Region: 2021 VS 2025 VS 2032
- 7.2 Global Steam Turbine Production by Region (2021-2032)
- 7.2.1 Global Steam Turbine Production by Region (2021-2026)
- 7.2.2 Global Steam Turbine Production Forecast by Region (2027-2032)
- 7.3 Global Steam Turbine Production by Region: 2021 VS 2025 VS 2032
- 7.4 Global Steam Turbine Production Value by Region (2021-2032)
- 7.4.1 Global Steam Turbine Production Value by Region (2021-2026)
- 7.4.2 Global Steam Turbine Production Value by Region (2027-2032)
- 7.5 Global Steam Turbine Market Price Analysis by Region (2021-2032)
- 7.6 Regional Production Value Trends (2021-2032)
- 7.6.1 North America Steam Turbine Production Value (2021-2032)
- 7.6.2 Europe Steam Turbine Production Value (2021-2032)
- 7.6.3 Asia-Pacific Steam Turbine Production Value (2021-2032)
- 7.6.4 South America Steam Turbine Production Value (2021-2032)
- 7.6.5 Middle East & Africa Steam Turbine Production Value (2021-2032)
8 Global Steam Turbine Consumption by Region
- 8.1 Global Steam Turbine Consumption by Region: 2021 VS 2025 VS 2032
- 8.2 Global Steam Turbine Consumption by Region (2021-2032)
- 8.2.1 Global Steam Turbine Consumption by Region (2021-2026)
- 8.2.2 Global Steam Turbine Consumption by Region (2027-2032)
- 8.3 North America
- 8.3.1 North America Steam Turbine Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3.2 North America Steam Turbine Consumption by Country (2021-2032)
- 8.3.3 U.S.
- 8.3.4 Canada
- 8.3.5 Mexico
- 8.4 Europe
- 8.4.1 Europe Steam Turbine Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.4.2 Europe Steam Turbine Consumption by Country (2021-2032)
- 8.4.3 Germany
- 8.4.4 France
- 8.4.5 U.K.
- 8.4.6 Italy
- 8.4.7 Netherlands
- 8.5 Asia Pacific
- 8.5.1 Asia Pacific Steam Turbine Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.5.2 Asia Pacific Steam Turbine Consumption by Country (2021-2032)
- 8.5.3 China
- 8.5.4 Japan
- 8.5.5 South Korea
- 8.5.6 Southeast Asia
- 8.5.7 India
- 8.5.8 Australia
- 8.6 South America
- 8.6.1 South America Steam Turbine Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.6.2 South America Steam Turbine Consumption by Country (2021-2032)
- 8.6.3 Brazil
- 8.6.4 Argentina
- 8.6.5 Chile
- 8.6.6 Colombia
- 8.7 Middle East & Africa
- 8.7.1 Middle East & Africa Steam Turbine Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.7.2 Middle East & Africa Steam Turbine Consumption by Country (2021-2032)
- 8.7.3 Egypt
- 8.7.4 South Africa
- 8.7.5 Israel
- 8.7.6 Türkiye
- 8.7.7 GCC Countries
9 Value Chain and Sales Channels Analysis
- 9.1 Steam Turbine Value Chain Analysis
- 9.1.1 Steam Turbine Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Manufacturing Cost Structure
- 9.1.4 Steam Turbine Production Mode & Process
- 9.2 Steam Turbine Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Steam Turbine Distributors
- 9.2.3 Steam Turbine Customers
10 Concluding Insights
11 Appendix
- 11.1 Reasons for Doing This Study
- 11.2 Research Methodology
- 11.3 Research Process
- 11.4 Authors List of This Report
- 11.5 Data Source
- 11.5.1 Secondary Sources
- 11.5.2 Primary Sources
- 11.6 Disclaimer
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