APO Research
Talk to an analyst

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.

Explore the product
View pricing & licenses

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

Industry Growth & Trends

Global Steam Turbine Industry Growth and Trends Forecast to 2032

23 December 2025115 pages

Choose your research edition.

Industry ResearchSteam Turbine Industry Research Report 2026139 pages · $2,950 USDIndustry Growth & TrendsGlobal Steam Turbine Industry Growth and Trends Forecast to 2032115 pages · $3,450 USDMarket StructureGlobal Steam Turbine Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032190 pages · $3,950 USDMarket Outlook & Growth OpportunitiesGlobal Steam Turbine Market Outlook and Growth Opportunities 2026207 pages · $4,250 USDMarket Analysis & ForecastGlobal Steam Turbine Market Analysis and Forecast 2026-2032210 pages · $4,950 USD

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.

Report Scope

This report provides a structured, data-driven view of the global Steam Turbine market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.

The Steam Turbine market size, estimates, and forecasts are presented in terms of sales volume (MW) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Steam Turbine market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Steam Turbine.

Key Companies & Market Share Insights

This section analyzes the strategies and performance of leading manufacturers in the global Steam Turbine market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.

Steam Turbine Market 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

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 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: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.

Chapter 2: 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 3: Detailed analysis of Steam Turbine manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter 4: Sales, revenue of Steam Turbine in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.

Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.

Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.

Chapter 13: Concluding Insights of the report.

More report detail

Tables and figures
List of Tables Table 1. Major Company of Condensing Steam Turbine Table 2. Major Company of Non-Condensing Steam Turbine Table 3. Global Steam Turbine Sales by Type (2021 VS 2025 VS 2032) & (US$ Million) Table 4. Global Steam Turbine Sales by Type (2021-2026) & (MW) Table 5. Global Steam Turbine Sales Market Share in Volume by Type (2021-2026) Table 6. Global Steam Turbine Sales by Type (2021-2026) & (US$ Million) Table 7. Global Steam Turbine Sales Market Share in Value by Type (2021-2026) Table 8. Global Steam Turbine Price by Type (2021-2026) & (USD/KW) Table 9. Global Steam Turbine Sales by Type (2027-2032) & (MW) Table 10. Global Steam Turbine Sales Market Share in Volume by Type (2027-2032) Table 11. Global Steam Turbine Sales by Type (2027-2032) & (US$ Million) Table 12. Global Steam Turbine Sales Market Share in Value by Type (2027-2032) Table 13. Global Steam Turbine Price by Type (2027-2032) & (USD/KW) Table 14. North America Steam Turbine Sales by Type (2021-2026) & (MW) Table 15. North America Steam Turbine Sales by Type (2021-2026) & (US$ Million) Table 16. Europe Steam Turbine Sales by Type (2021-2026) & (MW) Table 17. Europe Steam Turbine Sales by Type (2021-2026) & (US$ Million) Table 18. Asia-Pacific Steam Turbine Sales by Type (2021-2026) & (MW) Table 19. Asia-Pacific Steam Turbine Sales by Type (2021-2026) & (US$ Million) Table 20. Latin America Steam Turbine Sales by Type (2021-2026) & (MW) Table 21. Latin America Steam Turbine Sales by Type (2021-2026) & (US$ Million) Table 22. Middle East and Africa Steam Turbine Sales by Type (2021-2026) & (MW) Table 23. Middle East and Africa Steam Turbine Sales by Type (2021-2026) & (US$ Million) Table 24. Steam Turbine Industry Trends Table 25. Steam Turbine Industry Drivers Table 26. Steam Turbine Industry Opportunities and Challenges Table 27. Steam Turbine Industry Restraints Table 28. Global Steam Turbine Sales Revenue by Company (US$ Million) & (2021-2026) Table 29. Global Steam Turbine Revenue Market Share by Company (2021-2026) Table 30. Global Steam Turbine Sales by Company (2021-2026) & (MW) Table 31. Global Steam Turbine Sales Share by Company (2021-2026) Table 32. Global Steam Turbine Market Price by Company (2021-2026) & (USD/KW) Table 33. Global Steam Turbine Industry Company Ranking, 2024 VS 2025 VS 2026 Table 34. Global Steam Turbine Major Company Production Sites and Headquarters Table 35. Global Steam Turbine Company, Product Type & Application Table 36. Global Steam Turbine Company Establishment Date Table 37. Global Company Market Concentration Ratio (CR5 and HHI) Table 38. Global Steam Turbine by Company Type (Tier 1, Tier 2, and Tier 3) & (Based on the Revenue of 2025) Table 39. Global Steam Turbine Market Size Comparison by Region (US$ Million): 2021 VS 2025 VS 2032 Table 40. Global Steam Turbine Sales by Region (2021-2026) & (MW) Table 41. Global Steam Turbine Sales Market Share in Volume by Region (2021-2026) Table 42. Global Steam Turbine Sales by Region (2021-2026) & (US$ Million) Table 43. Global Steam Turbine Sales Market Share in Value by Region (2021-2026) Table 44. Global Steam Turbine Sales (MW), Value (US$ Million), Price (USD/KW) and Gross Margin (2021-2026) Table 45. Global Steam Turbine Sales by Region (2027-2032) & (MW) Table 46. Global Steam Turbine Sales Market Share in Volume by Region (2027-2032) Table 47. Global Steam Turbine Sales by Region (2027-2032) & (US$ Million) Table 48. Global Steam Turbine Sales Market Share in Value by Region (2027-2032) Table 49. Global Steam Turbine Sales (MW), Value (US$ Million), Price (USD/KW) and Gross Margin (2027-2032) Table 50. Global Steam Turbine Sales by Application (2021 VS 2025 VS 2032) & (US$ Million) Table 51. Global Steam Turbine Sales by Application (2021-2026) & (MW) Table 52. Global Steam Turbine Sales Market Share in Volume by Application (2021-2026) Table 53. Global Steam Turbine Sales by Application (2021-2026) & (US$ Million) Table 54. Global Steam Turbine Sales Market Share in Value by Application (2021-2026) Table 55. Global Steam Turbine Price by Application (2021-2026) & (USD/KW) Table 56. Global Steam Turbine Sales by Application (2027-2032) & (MW) Table 57. Global Steam Turbine Sales Market Share in Volume by Application (2027-2032) Table 58. Global Steam Turbine Sales by Application (2027-2032) & (US$ Million) Table 59. Global Steam Turbine Sales Market Share in Value by Application (2027-2032) Table 60. Global Steam Turbine Price by Application (2027-2032) & (USD/KW) Table 61. North America Steam Turbine Sales by Application (2021-2026) & (MW) Table 62. North America Steam Turbine Sales by Application (2021-2026) & (US$ Million) Table 63. Europe Steam Turbine Sales by Application (2021-2026) & (MW) Table 64. Europe Steam Turbine Sales by Application (2021-2026) & (US$ Million) Table 65. Asia-Pacific Steam Turbine Sales by Application (2021-2026) & (MW) Table 66. Asia-Pacific Steam Turbine Sales by Application (2021-2026) & (US$ Million) Table 67. Latin America Steam Turbine Sales by Application (2021-2026) & (MW) Table 68. Latin America Steam Turbine Sales by Application (2021-2026) & (US$ Million) Table 69. Middle East and Africa Steam Turbine Sales by Application (2021-2026) & (MW) Table 70. Middle East and Africa Steam Turbine Sales by Application (2021-2026) & (US$ Million) Table 71. GE Company Information Table 72. GE Business Overview Table 73. GE Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2021-2026) Table 74. GE Steam Turbine Product Portfolio Table 75. GE Recent Development Table 76. Siemens Company Information Table 77. Siemens Business Overview Table 78. Siemens Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2021-2026) Table 79. Siemens Steam Turbine Product Portfolio Table 80. Siemens Recent Development Table 81. DEC Company Information Table 82. DEC Business Overview Table 83. DEC Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2021-2026) Table 84. DEC Steam Turbine Product Portfolio Table 85. DEC Recent Development Table 86. Shanghai Electric Company Information Table 87. Shanghai Electric Business Overview Table 88. Shanghai Electric Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2021-2026) Table 89. Shanghai Electric Steam Turbine Product Portfolio Table 90. Shanghai Electric Recent Development Table 91. HTC Company Information Table 92. HTC Business Overview Table 93. HTC Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2021-2026) Table 94. HTC Steam Turbine Product Portfolio Table 95. HTC Recent Development Table 96. Harbin Turbine Company Limited Company Information Table 97. Harbin Turbine Company Limited Business Overview Table 98. Harbin Turbine Company Limited Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2021-2026) Table 99. Harbin Turbine Company Limited Steam Turbine Product Portfolio Table 100. Harbin Turbine Company Limited Recent Development Table 101. MHPS Company Information Table 102. MHPS Business Overview Table 103. MHPS Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2021-2026) Table 104. MHPS Steam Turbine Product Portfolio Table 105. MHPS Recent Development Table 106. MAN Power Engineering Company Information Table 107. MAN Power Engineering Business Overview Table 108. MAN Power Engineering Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2021-2026) Table 109. MAN Power Engineering Steam Turbine Product Portfolio Table 110. MAN Power Engineering Recent Development Table 111. Fuji Electric Company Information Table 112. Fuji Electric Business Overview Table 113. Fuji Electric Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2021-2026) Table 114. Fuji Electric Steam Turbine Product Portfolio Table 115. Fuji Electric Recent Development Table 116. Elliott Group Company Information Table 117. Elliott Group Business Overview Table 118. Elliott Group Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2021-2026) Table 119. Elliott Group Steam Turbine Product Portfolio Table 120. Elliott Group Recent Development Table 121. Doosan Company Information Table 122. Doosan Business Overview Table 123. Doosan Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2021-2026) Table 124. Doosan Steam Turbine Product Portfolio Table 125. Doosan Recent Development Table 126. Ansaldo Energia Company Information Table 127. Ansaldo Energia Business Overview Table 128. Ansaldo Energia Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2021-2026) Table 129. Ansaldo Energia Steam Turbine Product Portfolio Table 130. Ansaldo Energia Recent Development Table 131. Kawasaki Company Information Table 132. Kawasaki Business Overview Table 133. Kawasaki Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2021-2026) Table 134. Kawasaki Steam Turbine Product Portfolio Table 135. Kawasaki Recent Development Table 136. Power Machines Company Information Table 137. Power Machines Business Overview Table 138. Power Machines Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2021-2026) Table 139. Power Machines Steam Turbine Product Portfolio Table 140. Power Machines Recent Development Table 141. Toshiba Company Information Table 142. Toshiba Business Overview Table 143. Toshiba Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2021-2026) Table 144. Toshiba Steam Turbine Product Portfolio Table 145. Toshiba Recent Development Table 146. Ansaldo Company Information Table 147. Ansaldo Business Overview Table 148. Ansaldo Steam Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2021-2026) Table 149. Ansaldo Steam Turbine Product Portfolio Table 150. Ansaldo Recent Development Table 151. North America Steam Turbine Market Size Growth Rate (CAGR) by Country (MW): 2021 VS 2025 VS 2032 Table 152. North America Steam Turbine Sales by Country (2021-2026) & (MW) Table 153. North America Steam Turbine Sales Market Share by Country (2021-2026) Table 154. North America Steam Turbine Sales Forecast by Country (2027-2032) & (MW) Table 155. North America Steam Turbine Sales Market Share Forecast by Country (2027-2032) Table 156. North America Steam Turbine Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 157. North America Steam Turbine Market Size by Country (2021-2026) & (US$ Million) Table 158. North America Steam Turbine Market Share by Country (2021-2026) Table 159. North America Steam Turbine Market Size Forecast by Country (2027-2032) & (US$ Million) Table 160. North America Steam Turbine Market Share Forecast by Country (2027-2032) Table 161. Europe Steam Turbine Market Size Growth Rate (CAGR) by Country (MW): 2021 VS 2025 VS 2032 Table 162. Europe Steam Turbine Sales by Country (2021-2026) & (MW) Table 163. Europe Steam Turbine Sales Market Share by Country (2021-2026) Table 164. Europe Steam Turbine Sales Forecast by Country (2027-2032) & (MW) Table 165. Europe Steam Turbine Sales Market Share Forecast by Country (2027-2032) Table 166. Europe Steam Turbine Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 167. Europe Steam Turbine Market Size by Country (2021-2026) & (US$ Million) Table 168. Europe Steam Turbine Market Share by Country (2021-2026) Table 169. Europe Steam Turbine Market Size Forecast by Country (2027-2032) & (US$ Million) Table 170. Europe Steam Turbine Market Share Forecast by Country (2027-2032) Table 171. Asia-Pacific Steam Turbine Market Size Growth Rate (CAGR) by Country (MW): 2021 VS 2025 VS 2032 Table 172. Asia-Pacific Steam Turbine Sales by Country (2021-2026) & (MW) Table 173. Asia-Pacific Steam Turbine Sales Market Share by Country (2021-2026) Table 174. Asia-Pacific Steam Turbine Sales Forecast by Country (2027-2032) & (MW) Table 175. Asia-Pacific Steam Turbine Sales Market Share Forecast by Country (2027-2032) Table 176. Asia-Pacific Steam Turbine Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 177. Asia-Pacific Steam Turbine Market Size by Country (2021-2026) & (US$ Million) Table 178. Asia-Pacific Steam Turbine Market Share by Country (2021-2026) Table 179. Asia-Pacific Steam Turbine Market Size Forecast by Country (2027-2032) & (US$ Million) Table 180. Asia-Pacific Steam Turbine Market Share Forecast by Country (2027-2032) Table 181. Latin America Steam Turbine Market Size Growth Rate (CAGR) by Country (MW): 2021 VS 2025 VS 2032 Table 182. Latin America Steam Turbine Sales by Country (2021-2026) & (MW) Table 183. Latin America Steam Turbine Sales Market Share by Country (2021-2026) Table 184. Latin America Steam Turbine Sales Forecast by Country (2027-2032) & (MW) Table 185. Latin America Steam Turbine Sales Market Share Forecast by Country (2027-2032) Table 186. Latin America Steam Turbine Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 187. Latin America Steam Turbine Market Size by Country (2021-2026) & (US$ Million) Table 188. Latin America Steam Turbine Market Share by Country (2021-2026) Table 189. Latin America Steam Turbine Market Size Forecast by Country (2027-2032) & (US$ Million) Table 190. Latin America Steam Turbine Market Share Forecast by Country (2027-2032) Table 191. Middle East and Africa Steam Turbine Market Size Growth Rate (CAGR) by Country (MW): 2021 VS 2025 VS 2032 Table 192. Middle East and Africa Steam Turbine Sales by Country (2021-2026) & (MW) Table 193. Middle East and Africa Steam Turbine Sales Market Share by Country (2021-2026) Table 194. Middle East and Africa Steam Turbine Sales Forecast by Country (2027-2032) & (MW) Table 195. Middle East and Africa Steam Turbine Sales Market Share Forecast by Country (2027-2032) Table 196. Middle East and Africa Steam Turbine Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 197. Middle East and Africa Steam Turbine Market Size by Country (2021-2026) & (US$ Million) Table 198. Middle East and Africa Steam Turbine Market Share by Country (2021-2026) Table 199. Middle East and Africa Steam Turbine Market Size Forecast by Country (2027-2032) & (US$ Million) Table 200. Middle East and Africa Steam Turbine Market Share Forecast by Country (2027-2032) Table 201. Key Raw Materials Table 202. Raw Materials Key Suppliers Table 203. Steam Turbine Distributors List Table 204. Steam Turbine Customers List Table 205. Research Programs/Design for This Report Table 206. Authors List of This Report Table 207. Secondary Sources Table 208. Primary Sources List of Figures Figure 1. Steam Turbine Image Figure 2. Global Steam Turbine Market Size (US$ Million), 2021 VS 2025 VS 2032 Figure 3. Global Steam Turbine Market Size (2021-2032) & (US$ Million) Figure 4. Global Steam Turbine Sales (2021-2032) & (MW) Figure 5. Condensing Steam Turbine Image Figure 6. Global Condensing Steam Turbine Sales YoY Growth (2021-2032) & (MW) Figure 7. Non-Condensing Steam Turbine Image Figure 8. Global Non-Condensing Steam Turbine Sales YoY Growth (2021-2032) & (MW) Figure 9. Global Steam Turbine Market Size Overview by Type (2021-2032) & (US$ Million) Figure 10. Global Steam Turbine Market Share by Type 2025 VS 2032 Figure 11. North America Steam Turbine Sales Market Share in Volume by Type in 2025 Figure 12. North America Steam Turbine Sales Market Share in Value by Type in 2025 Figure 13. Europe Steam Turbine Sales Market Share in Volume by Type in 2025 Figure 14. Europe Steam Turbine Sales Market Share in Value by Type in 2025 Figure 15. Asia-Pacific Steam Turbine Sales Market Share in Volume by Type in 2025 Figure 16. Asia-Pacific Steam Turbine Sales Market Share in Value by Type in 2025 Figure 17. Latin America Steam Turbine Sales Market Share in Volume by Type in 2025 Figure 18. Latin America Steam Turbine Sales Market Share in Value by Type in 2025 Figure 19. Middle East and Africa Steam Turbine Sales Market Share in Volume by Type in 2025 Figure 20. Middle East and Africa Steam Turbine Sales Market Share in Value by Type in 2025 Figure 21. Global Top 5 and 10 Steam Turbine Players Market Share by Revenue in 2025 Figure 22. Company Type (Tier 1, Tier 2, and Tier 3): 2021 VS 2025 Figure 23. Power Generation Image Figure 24. Global Power Generation Sales YoY Growth (2021-2032) & (MW) Figure 25. Industrial Image Figure 26. Global Industrial Sales YoY Growth (2021-2032) & (MW) Figure 27. Others Image Figure 28. Global Others Sales YoY Growth (2021-2032) & (MW) Figure 29. Global Steam Turbine Market Size Overview by Application (2021-2032) & (US$ Million) Figure 30. Global Steam Turbine Market Share by Application 2025 VS 2032 Figure 31. North America Steam Turbine Sales Market Share in Volume by Application in 2025 Figure 32. North America Steam Turbine Sales Market Share in Value by Application in 2025 Figure 33. Europe Steam Turbine Sales Market Share in Volume by Application in 2025 Figure 34. Europe Steam Turbine Sales Market Share in Value by Application in 2025 Figure 35. Asia-Pacific Steam Turbine Sales Market Share in Volume by Application in 2025 Figure 36. Asia-Pacific Steam Turbine Sales Market Share in Value by Application in 2025 Figure 37. Latin America Steam Turbine Sales Market Share in Volume by Application in 2025 Figure 38. Latin America Steam Turbine Sales Market Share in Value by Application in 2025 Figure 39. Middle East and Africa Steam Turbine Sales Market Share in Volume by Application in 2025 Figure 40. Middle East and Africa Steam Turbine Sales Market Share in Value by Application in 2025 Figure 41. North America Steam Turbine Sales by Country: 2021 VS 2025 VS 2032 (MW) Figure 42. North America Steam Turbine Sales Share by Country: 2021 VS 2025 VS 2032 Figure 43. North America Steam Turbine Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 44. North America Steam Turbine Market Share by Country: 2021 VS 2025 VS 2032 Figure 45. Europe Steam Turbine Sales by Country: 2021 VS 2025 VS 2032 (MW) Figure 46. Europe Steam Turbine Sales Share by Country: 2021 VS 2025 VS 2032 Figure 47. Europe Steam Turbine Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 48. Europe Steam Turbine Market Share by Country: 2021 VS 2025 VS 2032 Figure 49. Asia-Pacific Steam Turbine Sales by Country: 2021 VS 2025 VS 2032 (MW) Figure 50. Asia-Pacific Steam Turbine Sales Share by Country: 2021 VS 2025 VS 2032 Figure 51. Asia-Pacific Steam Turbine Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 52. Asia-Pacific Steam Turbine Market Share by Country: 2021 VS 2025 VS 2032 Figure 53. Latin America Steam Turbine Sales by Country: 2021 VS 2025 VS 2032 (MW) Figure 54. Latin America Steam Turbine Sales Share by Country: 2021 VS 2025 VS 2032 Figure 55. Latin America Steam Turbine Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 56. Latin America Steam Turbine Market Share by Country: 2021 VS 2025 VS 2032 Figure 57. Middle East and Africa Steam Turbine Sales by Country: 2021 VS 2025 VS 2032 (MW) Figure 58. Middle East and Africa Steam Turbine Sales Share by Country: 2021 VS 2025 VS 2032 Figure 59. Middle East and Africa Steam Turbine Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 60. Middle East and Africa Steam Turbine Market Share by Country: 2021 VS 2025 VS 2032 Figure 61. Steam Turbine Value Chain Figure 62. Key Raw Materials Price Figure 63. Manufacturing Cost Structure Figure 64. Steam Turbine Production Mode & Process Figure 65. Direct Comparison with Distribution Share Figure 66. Distributors Profiles Figure 67. Years Considered Figure 68. Research Process Figure 69. Key Executives Interviewed

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. 1.1 Product Definition
  2. 1.2 Global Market Growth Prospects
  3. 1.2.1 Global Steam Turbine Market Size Estimates and Forecasts (2021-2032)
  4. 1.2.2 Global Steam Turbine Sales Estimates and Forecasts (2021-2032)
  5. 1.3 Steam Turbine Market by Type
  6. 1.3.1 Condensing Steam Turbine
  7. 1.3.2 Non-Condensing Steam Turbine
  8. 1.4 Global Steam Turbine Market Size by Type
  9. 1.4.1 Global Steam Turbine Market Size Overview by Type (2021-2032)
  10. 1.4.2 Global Steam Turbine Historic Market Size Review by Type (2021-2026)
  11. 1.4.3 Global Steam Turbine Forecasted Market Size by Type (2027-2032)
  12. 1.5 Key Regions Market Size by Type
  13. 1.5.1 North America Steam Turbine Sales Breakdown by Type (2021-2026)
  14. 1.5.2 Europe Steam Turbine Sales Breakdown by Type (2021-2026)
  15. 1.5.3 Asia-Pacific Steam Turbine Sales Breakdown by Type (2021-2026)
  16. 1.5.4 South America Steam Turbine Sales Breakdown by Type (2021-2026)
  17. 1.5.5 Middle East and Africa Steam Turbine Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
  1. 2.1 Steam Turbine Industry Trends
  2. 2.2 Steam Turbine Industry Drivers
  3. 2.3 Steam Turbine Industry Opportunities and Challenges
  4. 2.4 Steam Turbine Industry Restraints
3 Market Competitive Landscape by Company
  1. 3.1 Global Top Players by Steam Turbine Revenue (2021-2026)
  2. 3.2 Global Top Players by Steam Turbine Sales (2021-2026)
  3. 3.3 Global Top Players by Steam Turbine Price (2021-2026)
  4. 3.4 Global Steam Turbine Industry Company Ranking, 2024 VS 2025 VS 2026
  5. 3.5 Global Steam Turbine Major Company Production Sites & Headquarters
  6. 3.6 Global Steam Turbine Company, Product Type & Application
  7. 3.7 Global Steam Turbine Company Establishment Date
  8. 3.8 Market Competitive Analysis
  9. 3.8.1 Global Steam Turbine Market CR5 and HHI
  10. 3.8.2 Global Top 5 and 10 Steam Turbine Players Market Share by Revenue in 2025
  11. 3.8.3 2025 Steam Turbine Tier 1, Tier 2, and Tier 3
4 Steam Turbine Regional Status and Outlook
  1. 4.1 Global Steam Turbine Market Size and CAGR by Region: 2021 VS 2025 VS 2032
  2. 4.2 Global Steam Turbine Historic Market Size by Region
  3. 4.2.1 Global Steam Turbine Sales in Volume by Region (2021-2026)
  4. 4.2.2 Global Steam Turbine Sales in Value by Region (2021-2026)
  5. 4.2.3 Global Steam Turbine Sales (Volume & Value), Price and Gross Margin (2021-2026)
  6. 4.3 Global Steam Turbine Forecasted Market Size by Region
  7. 4.3.1 Global Steam Turbine Sales in Volume by Region (2027-2032)
  8. 4.3.2 Global Steam Turbine Sales in Value by Region (2027-2032)
  9. 4.3.3 Global Steam Turbine Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Steam Turbine by Application
  1. 5.1 Steam Turbine Market by Application
  2. 5.1.1 Power Generation
  3. 5.1.2 Industrial
  4. 5.1.3 Others
  5. 5.2 Global Steam Turbine Market Size by Application
  6. 5.2.1 Global Steam Turbine Market Size Overview by Application (2021-2032)
  7. 5.2.2 Global Steam Turbine Historic Market Size Review by Application (2021-2026)
  8. 5.2.3 Global Steam Turbine Forecasted Market Size by Application (2027-2032)
  9. 5.3 Key Regions Market Size by Application
  10. 5.3.1 North America Steam Turbine Sales Breakdown by Application (2021-2026)
  11. 5.3.2 Europe Steam Turbine Sales Breakdown by Application (2021-2026)
  12. 5.3.3 Asia-Pacific Steam Turbine Sales Breakdown by Application (2021-2026)
  13. 5.3.4 South America Steam Turbine Sales Breakdown by Application (2021-2026)
  14. 5.3.5 Middle East and Africa Steam Turbine Sales Breakdown by Application (2021-2026)
6 Company Profiles
  1. 6.1 GE
  2. 6.1.1 GE Company Information
  3. 6.1.2 GE Business Overview
  4. 6.1.3 GE Steam Turbine Sales, Revenue and Gross Margin (2021-2026)
  5. 6.1.4 GE Steam Turbine Product Portfolio
  6. 6.1.5 GE Recent Developments
  7. 6.2 Siemens
  8. 6.2.1 Siemens Company Information
  9. 6.2.2 Siemens Business Overview
  10. 6.2.3 Siemens Steam Turbine Sales, Revenue and Gross Margin (2021-2026)
  11. 6.2.4 Siemens Steam Turbine Product Portfolio
  12. 6.2.5 Siemens Recent Developments
  13. 6.3 DEC
  14. 6.3.1 DEC Company Information
  15. 6.3.2 DEC Business Overview
  16. 6.3.3 DEC Steam Turbine Sales, Revenue and Gross Margin (2021-2026)
  17. 6.3.4 DEC Steam Turbine Product Portfolio
  18. 6.3.5 DEC Recent Developments
  19. 6.4 Shanghai Electric
  20. 6.4.1 Shanghai Electric Company Information
  21. 6.4.2 Shanghai Electric Business Overview
  22. 6.4.3 Shanghai Electric Steam Turbine Sales, Revenue and Gross Margin (2021-2026)
  23. 6.4.4 Shanghai Electric Steam Turbine Product Portfolio
  24. 6.4.5 Shanghai Electric Recent Developments
  25. 6.5 HTC
  26. 6.5.1 HTC Company Information
  27. 6.5.2 HTC Business Overview
  28. 6.5.3 HTC Steam Turbine Sales, Revenue and Gross Margin (2021-2026)
  29. 6.5.4 HTC Steam Turbine Product Portfolio
  30. 6.5.5 HTC Recent Developments
  31. 6.6 Harbin Turbine Company Limited
  32. 6.6.1 Harbin Turbine Company Limited Company Information
  33. 6.6.2 Harbin Turbine Company Limited Business Overview
  34. 6.6.3 Harbin Turbine Company Limited Steam Turbine Sales, Revenue and Gross Margin (2021-2026)
  35. 6.6.4 Harbin Turbine Company Limited Steam Turbine Product Portfolio
  36. 6.6.5 Harbin Turbine Company Limited Recent Developments
  37. 6.7 MHPS
  38. 6.7.1 MHPS Company Information
  39. 6.7.2 MHPS Business Overview
  40. 6.7.3 MHPS Steam Turbine Sales, Revenue and Gross Margin (2021-2026)
  41. 6.7.4 MHPS Steam Turbine Product Portfolio
  42. 6.7.5 MHPS Recent Developments
  43. 6.8 MAN Power Engineering
  44. 6.8.1 MAN Power Engineering Company Information
  45. 6.8.2 MAN Power Engineering Business Overview
  46. 6.8.3 MAN Power Engineering Steam Turbine Sales, Revenue and Gross Margin (2021-2026)
  47. 6.8.4 MAN Power Engineering Steam Turbine Product Portfolio
  48. 6.8.5 MAN Power Engineering Recent Developments
  49. 6.9 Fuji Electric
  50. 6.9.1 Fuji Electric Company Information
  51. 6.9.2 Fuji Electric Business Overview
  52. 6.9.3 Fuji Electric Steam Turbine Sales, Revenue and Gross Margin (2021-2026)
  53. 6.9.4 Fuji Electric Steam Turbine Product Portfolio
  54. 6.9.5 Fuji Electric Recent Developments
  55. 6.10 Elliott Group
  56. 6.10.1 Elliott Group Company Information
  57. 6.10.2 Elliott Group Business Overview
  58. 6.10.3 Elliott Group Steam Turbine Sales, Revenue and Gross Margin (2021-2026)
  59. 6.10.4 Elliott Group Steam Turbine Product Portfolio
  60. 6.10.5 Elliott Group Recent Developments
  61. 6.11 Doosan
  62. 6.11.1 Doosan Company Information
  63. 6.11.2 Doosan Business Overview
  64. 6.11.3 Doosan Steam Turbine Sales, Revenue and Gross Margin (2021-2026)
  65. 6.11.4 Doosan Steam Turbine Product Portfolio
  66. 6.11.5 Doosan Recent Developments
  67. 6.12 Ansaldo Energia
  68. 6.12.1 Ansaldo Energia Company Information
  69. 6.12.2 Ansaldo Energia Business Overview
  70. 6.12.3 Ansaldo Energia Steam Turbine Sales, Revenue and Gross Margin (2021-2026)
  71. 6.12.4 Ansaldo Energia Steam Turbine Product Portfolio
  72. 6.12.5 Ansaldo Energia Recent Developments
  73. 6.13 Kawasaki
  74. 6.13.1 Kawasaki Company Information
  75. 6.13.2 Kawasaki Business Overview
  76. 6.13.3 Kawasaki Steam Turbine Sales, Revenue and Gross Margin (2021-2026)
  77. 6.13.4 Kawasaki Steam Turbine Product Portfolio
  78. 6.13.5 Kawasaki Recent Developments
  79. 6.14 Power Machines
  80. 6.14.1 Power Machines Company Information
  81. 6.14.2 Power Machines Business Overview
  82. 6.14.3 Power Machines Steam Turbine Sales, Revenue and Gross Margin (2021-2026)
  83. 6.14.4 Power Machines Steam Turbine Product Portfolio
  84. 6.14.5 Power Machines Recent Developments
  85. 6.15 Toshiba
  86. 6.15.1 Toshiba Company Information
  87. 6.15.2 Toshiba Business Overview
  88. 6.15.3 Toshiba Steam Turbine Sales, Revenue and Gross Margin (2021-2026)
  89. 6.15.4 Toshiba Steam Turbine Product Portfolio
  90. 6.15.5 Toshiba Recent Developments
  91. 6.16 Ansaldo
  92. 6.16.1 Ansaldo Company Information
  93. 6.16.2 Ansaldo Business Overview
  94. 6.16.3 Ansaldo Steam Turbine Sales, Revenue and Gross Margin (2021-2026)
  95. 6.16.4 Ansaldo Steam Turbine Product Portfolio
  96. 6.16.5 Ansaldo Recent Developments
7 North America by Country
  1. 7.1 North America Steam Turbine Sales by Country
  2. 7.1.1 North America Steam Turbine Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 7.1.2 North America Steam Turbine Sales by Country (2021-2026)
  4. 7.1.3 North America Steam Turbine Sales Forecast by Country (2027-2032)
  5. 7.2 North America Steam Turbine Market Size by Country
  6. 7.2.1 North America Steam Turbine Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 7.2.2 North America Steam Turbine Market Size by Country (2021-2026)
  8. 7.2.3 North America Steam Turbine Market Size Forecast by Country (2027-2032)
8 Europe by Country
  1. 8.1 Europe Steam Turbine Sales by Country
  2. 8.1.1 Europe Steam Turbine Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 8.1.2 Europe Steam Turbine Sales by Country (2021-2026)
  4. 8.1.3 Europe Steam Turbine Sales Forecast by Country (2027-2032)
  5. 8.2 Europe Steam Turbine Market Size by Country
  6. 8.2.1 Europe Steam Turbine Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 8.2.2 Europe Steam Turbine Market Size by Country (2021-2026)
  8. 8.2.3 Europe Steam Turbine Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
  1. 9.1 Asia-Pacific Steam Turbine Sales by Country
  2. 9.1.1 Asia-Pacific Steam Turbine Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 9.1.2 Asia-Pacific Steam Turbine Sales by Country (2021-2026)
  4. 9.1.3 Asia-Pacific Steam Turbine Sales Forecast by Country (2027-2032)
  5. 9.2 Asia-Pacific Steam Turbine Market Size by Country
  6. 9.2.1 Asia-Pacific Steam Turbine Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 9.2.2 Asia-Pacific Steam Turbine Market Size by Country (2021-2026)
  8. 9.2.3 Asia-Pacific Steam Turbine Market Size Forecast by Country (2027-2032)
10 South America by Country
  1. 10.1 South America Steam Turbine Sales by Country
  2. 10.1.1 South America Steam Turbine Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 10.1.2 South America Steam Turbine Sales by Country (2021-2026)
  4. 10.1.3 South America Steam Turbine Sales Forecast by Country (2027-2032)
  5. 10.2 South America Steam Turbine Market Size by Country
  6. 10.2.1 South America Steam Turbine Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 10.2.2 South America Steam Turbine Market Size by Country (2021-2026)
  8. 10.2.3 South America Steam Turbine Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
  1. 11.1 Middle East and Africa Steam Turbine Sales by Country
  2. 11.1.1 Middle East and Africa Steam Turbine Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 11.1.2 Middle East and Africa Steam Turbine Sales by Country (2021-2026)
  4. 11.1.3 Middle East and Africa Steam Turbine Sales Forecast by Country (2027-2032)
  5. 11.2 Middle East and Africa Steam Turbine Market Size by Country
  6. 11.2.1 Middle East and Africa Steam Turbine Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 11.2.2 Middle East and Africa Steam Turbine Market Size by Country (2021-2026)
  8. 11.2.3 Middle East and Africa Steam Turbine Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
  1. 12.1 Steam Turbine Value Chain Analysis
  2. 12.1.1 Steam Turbine Key Raw Materials
  3. 12.1.2 Key Raw Materials Price
  4. 12.1.3 Raw Materials Key Suppliers
  5. 12.1.4 Manufacturing Cost Structure
  6. 12.1.5 Steam Turbine Production Mode & Process
  7. 12.2 Steam Turbine Sales Channels Analysis
  8. 12.2.1 Direct Comparison with Distribution Share
  9. 12.2.2 Steam Turbine Distributors
  10. 12.2.3 Steam Turbine Customers
13 Concluding Insights
    14 Appendix
    1. 14.1 Reasons for Doing This Study
    2. 14.2 Research Methodology
    3. 14.3 Research Process
    4. 14.4 Authors List of This Report
    5. 14.5 Data Source
    6. 14.5.1 Secondary Sources
    7. 14.5.2 Primary Sources
    8. 14.6 Disclaimer

    GET THE RESEARCH

    Choose your license.

    Choose who needs access.
    All options are for this report and research series.

    Compare access permissions.

    Single User License
    One named user. Individual access.
    Multi User License
    Up to 5 users in the same department.
    Enterprise License
    Organization-wide access within the agreed license.

    Access applies to the purchased edition. Later editions are separate purchases.

    License options
    $3,450USD
    Buy now

    PDF by email within 3–5 working days after payment confirmation.

    Talk to an analyst
    APO Research
    Talk to an analyst