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 Analysis & Forecast
Global Steam Turbine Market Analysis and Forecast 2026-2032
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.
This report presents an overview of global market for Steam Turbine, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2021 - 2025, estimates for 2026, and projections of CAGR through 2032.
This report researches the key producers of Steam Turbine, also provides the consumption of main regions and countries. Of the upcoming market potential for Steam Turbine, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Steam Turbine sales, revenue, market share and industry ranking of main manufacturers, data from 2021 to 2026. Identification of the major stakeholders in the global Steam Turbine market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2021 to 2032. Evaluation and forecast the market size for Steam Turbine sales, projected growth trends, production technology, application and end-user industry.
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: Introduces the report scope of the report, executive summary of different market segments (by type and by 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 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: Steam Turbine production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 4: Sales (consumption), revenue of Steam Turbine in global, 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 of each country in the world.
Chapter 5: Detailed analysis of Steam Turbine manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides the analysis of various market segments by type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7: Provides the analysis of various market segments by application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Steam Turbine sales, revenue, price, gross margin, and recent development, etc.
Chapter 9: North America by type, by application and by country, sales, and revenue for each segment.
Chapter 10: Europe by type, by application and by country, sales, and revenue for each segment.
Chapter 11: China by type, by application, sales, and revenue for each segment.
Chapter 12: Asia (Excluding China) by type, by application and by region, sales, and revenue for each segment.
Chapter 13: South America, Middle East and Africa by type, by application and by country, sales, and revenue for each segment.
Chapter 14: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 15: The main 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 Steam Turbine Market by Type
- 1.2.1 Global Steam Turbine Market Size by Type, 2021 VS 2025 VS 2032
- 1.2.2 Condensing Steam Turbine
- 1.2.3 Non-Condensing Steam Turbine
- 1.3 Steam Turbine Market by Application
- 1.3.1 Global Steam Turbine Market Size by Application, 2021 VS 2025 VS 2032
- 1.3.2 Power Generation
- 1.3.3 Industrial
- 1.3.4 Others
- 1.4 Assumptions and Limitations
- 1.5 Study Goals and Objectives
2 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 Global Steam Turbine Production Overview
- 3.1 Global Steam Turbine Production Capacity (2021-2032)
- 3.2 Global Steam Turbine Production by Region: 2021 VS 2025 VS 2032
- 3.3 Global Steam Turbine Production by Region
- 3.3.1 Global Steam Turbine Production by Region (2021-2026)
- 3.3.2 Global Steam Turbine Production by Region (2027-2032)
- 3.3.3 Global Steam Turbine Production Market Share by Region (2021-2032)
- 3.4 North America
- 3.5 Europe
- 3.6 China
- 3.7 Japan
4 Global Market Growth Prospects
- 4.1 Global Steam Turbine Revenue Estimates and Forecasts (2021-2032)
- 4.2 Global Steam Turbine Revenue by Region
- 4.2.1 Global Steam Turbine Revenue by Region: 2021 VS 2025 VS 2032
- 4.2.2 Global Steam Turbine Revenue by Region (2021-2026)
- 4.2.3 Global Steam Turbine Revenue by Region (2027-2032)
- 4.2.4 Global Steam Turbine Revenue Market Share by Region (2021-2032)
- 4.3 Global Steam Turbine Sales Estimates and Forecasts 2021-2032
- 4.4 Global Steam Turbine Sales by Region
- 4.4.1 Global Steam Turbine Sales by Region: 2021 VS 2025 VS 2032
- 4.4.2 Global Steam Turbine Sales by Region (2021-2026)
- 4.4.3 Global Steam Turbine Sales by Region (2027-2032)
- 4.4.4 Global Steam Turbine Sales Market Share by Region (2021-2032)
- 4.5 North America
- 4.6 Europe
- 4.7 China
- 4.8 Asia (Excluding China)
- 4.9 South America, Middle East and Africa
5 Market Competitive Landscape by Manufacturers
- 5.1 Global Steam Turbine Revenue by Manufacturers
- 5.1.1 Global Steam Turbine Revenue by Manufacturers (2021-2026)
- 5.1.2 Global Steam Turbine Revenue Market Share by Manufacturers (2021-2026)
- 5.1.3 Global Steam Turbine Manufacturers Revenue Share Top 10 and Top 5 in 2025
- 5.2 Global Steam Turbine Sales by Manufacturers
- 5.2.1 Global Steam Turbine Sales by Manufacturers (2021-2026)
- 5.2.2 Global Steam Turbine Sales Market Share by Manufacturers (2021-2026)
- 5.2.3 Global Steam Turbine Manufacturers Sales Share Top 10 and Top 5 in 2025
- 5.3 Global Steam Turbine Sales Price by Manufacturers (2021-2026)
- 5.4 Global Steam Turbine Key Manufacturers Ranking, 2024 VS 2025 VS 2026
- 5.5 Global Steam Turbine Key Manufacturers Manufacturing Sites & Headquarters
- 5.6 Global Steam Turbine Manufacturers, Product Type & Application
- 5.7 Global Steam Turbine Manufacturers Commercialization Time
- 5.8 Market Competitive Analysis
- 5.8.1 Global Steam Turbine Market CR5 and HHI
- 5.8.2 2025 Steam Turbine Tier 1, Tier 2, and Tier 3
6 Steam Turbine Market by Type
- 6.1 Global Steam Turbine Revenue by Type
- 6.1.1 Global Steam Turbine Revenue by Type (2021-2032) & (US$ Million)
- 6.1.2 Global Steam Turbine Revenue Market Share by Type (2021-2032)
- 6.2 Global Steam Turbine Sales by Type
- 6.2.1 Global Steam Turbine Sales by Type (2021-2032) & (MW)
- 6.2.2 Global Steam Turbine Sales Market Share by Type (2021-2032)
- 6.3 Global Steam Turbine Price by Type
7 Steam Turbine Market by Application
- 7.1 Global Steam Turbine Revenue by Application
- 7.1.1 Global Steam Turbine Revenue by Application (2021-2032) & (US$ Million)
- 7.1.2 Global Steam Turbine Revenue Market Share by Application (2021-2032)
- 7.2 Global Steam Turbine Sales by Application
- 7.2.1 Global Steam Turbine Sales by Application (2021-2032) & (MW)
- 7.2.2 Global Steam Turbine Sales Market Share by Application (2021-2032)
- 7.3 Global Steam Turbine Price by Application
8 Company Profiles
- 8.1 GE
- 8.1.1 GE Company Information
- 8.1.2 GE Business Overview
- 8.1.3 GE Steam Turbine Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.1.4 GE Steam Turbine Product Portfolio
- 8.1.5 GE Recent Developments
- 8.2 Siemens
- 8.2.1 Siemens Company Information
- 8.2.2 Siemens Business Overview
- 8.2.3 Siemens Steam Turbine Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.2.4 Siemens Steam Turbine Product Portfolio
- 8.2.5 Siemens Recent Developments
- 8.3 DEC
- 8.3.1 DEC Company Information
- 8.3.2 DEC Business Overview
- 8.3.3 DEC Steam Turbine Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.3.4 DEC Steam Turbine Product Portfolio
- 8.3.5 DEC Recent Developments
- 8.4 Shanghai Electric
- 8.4.1 Shanghai Electric Company Information
- 8.4.2 Shanghai Electric Business Overview
- 8.4.3 Shanghai Electric Steam Turbine Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.4.4 Shanghai Electric Steam Turbine Product Portfolio
- 8.4.5 Shanghai Electric Recent Developments
- 8.5 HTC
- 8.5.1 HTC Company Information
- 8.5.2 HTC Business Overview
- 8.5.3 HTC Steam Turbine Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.5.4 HTC Steam Turbine Product Portfolio
- 8.5.5 HTC Recent Developments
- 8.6 Harbin Turbine Company Limited
- 8.6.1 Harbin Turbine Company Limited Company Information
- 8.6.2 Harbin Turbine Company Limited Business Overview
- 8.6.3 Harbin Turbine Company Limited Steam Turbine Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.6.4 Harbin Turbine Company Limited Steam Turbine Product Portfolio
- 8.6.5 Harbin Turbine Company Limited Recent Developments
- 8.7 MHPS
- 8.7.1 MHPS Company Information
- 8.7.2 MHPS Business Overview
- 8.7.3 MHPS Steam Turbine Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.7.4 MHPS Steam Turbine Product Portfolio
- 8.7.5 MHPS Recent Developments
- 8.8 MAN Power Engineering
- 8.8.1 MAN Power Engineering Company Information
- 8.8.2 MAN Power Engineering Business Overview
- 8.8.3 MAN Power Engineering Steam Turbine Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.8.4 MAN Power Engineering Steam Turbine Product Portfolio
- 8.8.5 MAN Power Engineering Recent Developments
- 8.9 Fuji Electric
- 8.9.1 Fuji Electric Company Information
- 8.9.2 Fuji Electric Business Overview
- 8.9.3 Fuji Electric Steam Turbine Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.9.4 Fuji Electric Steam Turbine Product Portfolio
- 8.9.5 Fuji Electric Recent Developments
- 8.10 Elliott Group
- 8.10.1 Elliott Group Company Information
- 8.10.2 Elliott Group Business Overview
- 8.10.3 Elliott Group Steam Turbine Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.10.4 Elliott Group Steam Turbine Product Portfolio
- 8.10.5 Elliott Group Recent Developments
- 8.11 Doosan
- 8.11.1 Doosan Company Information
- 8.11.2 Doosan Business Overview
- 8.11.3 Doosan Steam Turbine Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.11.4 Doosan Steam Turbine Product Portfolio
- 8.11.5 Doosan Recent Developments
- 8.12 Ansaldo Energia
- 8.12.1 Ansaldo Energia Company Information
- 8.12.2 Ansaldo Energia Business Overview
- 8.12.3 Ansaldo Energia Steam Turbine Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.12.4 Ansaldo Energia Steam Turbine Product Portfolio
- 8.12.5 Ansaldo Energia Recent Developments
- 8.13 Kawasaki
- 8.13.1 Kawasaki Company Information
- 8.13.2 Kawasaki Business Overview
- 8.13.3 Kawasaki Steam Turbine Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.13.4 Kawasaki Steam Turbine Product Portfolio
- 8.13.5 Kawasaki Recent Developments
- 8.14 Power Machines
- 8.14.1 Power Machines Company Information
- 8.14.2 Power Machines Business Overview
- 8.14.3 Power Machines Steam Turbine Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.14.4 Power Machines Steam Turbine Product Portfolio
- 8.14.5 Power Machines Recent Developments
- 8.15 Toshiba
- 8.15.1 Toshiba Company Information
- 8.15.2 Toshiba Business Overview
- 8.15.3 Toshiba Steam Turbine Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.15.4 Toshiba Steam Turbine Product Portfolio
- 8.15.5 Toshiba Recent Developments
- 8.16 Ansaldo
- 8.16.1 Ansaldo Company Information
- 8.16.2 Ansaldo Business Overview
- 8.16.3 Ansaldo Steam Turbine Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.16.4 Ansaldo Steam Turbine Product Portfolio
- 8.16.5 Ansaldo Recent Developments
9 North America
- 9.1 North America Steam Turbine Market Size by Type
- 9.1.1 North America Steam Turbine Revenue by Type (2021-2032)
- 9.1.2 North America Steam Turbine Sales by Type (2021-2032)
- 9.1.3 North America Steam Turbine Price by Type (2021-2032)
- 9.2 North America Steam Turbine Market Size by Application
- 9.2.1 North America Steam Turbine Revenue by Application (2021-2032)
- 9.2.2 North America Steam Turbine Sales by Application (2021-2032)
- 9.2.3 North America Steam Turbine Price by Application (2021-2032)
- 9.3 North America Steam Turbine Market Size by Country
- 9.3.1 North America Steam Turbine Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 9.3.2 North America Steam Turbine Sales by Country (2021 VS 2025 VS 2032)
- 9.3.3 North America Steam Turbine Price by Country (2021-2032)
- 9.3.4 United States
- 9.3.5 Canada
- 9.3.6 Mexico
10 Europe
- 10.1 Europe Steam Turbine Market Size by Type
- 10.1.1 Europe Steam Turbine Revenue by Type (2021-2032)
- 10.1.2 Europe Steam Turbine Sales by Type (2021-2032)
- 10.1.3 Europe Steam Turbine Price by Type (2021-2032)
- 10.2 Europe Steam Turbine Market Size by Application
- 10.2.1 Europe Steam Turbine Revenue by Application (2021-2032)
- 10.2.2 Europe Steam Turbine Sales by Application (2021-2032)
- 10.2.3 Europe Steam Turbine Price by Application (2021-2032)
- 10.3 Europe Steam Turbine Market Size by Country
- 10.3.1 Europe Steam Turbine Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 10.3.2 Europe Steam Turbine Sales by Country (2021 VS 2025 VS 2032)
- 10.3.3 Europe Steam Turbine Price by Country (2021-2032)
- 10.3.4 Germany
- 10.3.5 France
- 10.3.6 U.K.
- 10.3.7 Italy
- 10.3.8 Russia
- 10.3.9 Spain
- 10.3.10 Netherlands
- 10.3.11 Switzerland
- 10.3.12 Sweden
11 China
- 11.1 China Steam Turbine Market Size by Type
- 11.1.1 China Steam Turbine Revenue by Type (2021-2032)
- 11.1.2 China Steam Turbine Sales by Type (2021-2032)
- 11.1.3 China Steam Turbine Price by Type (2021-2032)
- 11.2 China Steam Turbine Market Size by Application
- 11.2.1 China Steam Turbine Revenue by Application (2021-2032)
- 11.2.2 China Steam Turbine Sales by Application (2021-2032)
- 11.2.3 China Steam Turbine Price by Application (2021-2032)
12 Asia (Excluding China)
- 12.1 Asia Steam Turbine Market Size by Type
- 12.1.1 Asia Steam Turbine Revenue by Type (2021-2032)
- 12.1.2 Asia Steam Turbine Sales by Type (2021-2032)
- 12.1.3 Asia Steam Turbine Price by Type (2021-2032)
- 12.2 Asia Steam Turbine Market Size by Application
- 12.2.1 Asia Steam Turbine Revenue by Application (2021-2032)
- 12.2.2 Asia Steam Turbine Sales by Application (2021-2032)
- 12.2.3 Asia Steam Turbine Price by Application (2021-2032)
- 12.3 Asia Steam Turbine Market Size by Country
- 12.3.1 Asia Steam Turbine Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 12.3.2 Asia Steam Turbine Sales by Country (2021 VS 2025 VS 2032)
- 12.3.3 Asia Steam Turbine Price by Country (2021-2032)
- 12.3.4 Japan
- 12.3.5 South Korea
- 12.3.6 India
- 12.3.7 Australia
- 12.3.8 Taiwan
- 12.3.9 Southeast Asia
13 South America, Middle East and Africa
- 13.1 SAMEA Steam Turbine Market Size by Type
- 13.1.1 SAMEA Steam Turbine Revenue by Type (2021-2032)
- 13.1.2 SAMEA Steam Turbine Sales by Type (2021-2032)
- 13.1.3 SAMEA Steam Turbine Price by Type (2021-2032)
- 13.2 SAMEA Steam Turbine Market Size by Application
- 13.2.1 SAMEA Steam Turbine Revenue by Application (2021-2032)
- 13.2.2 SAMEA Steam Turbine Sales by Application (2021-2032)
- 13.2.3 SAMEA Steam Turbine Price by Application (2021-2032)
- 13.3 SAMEA Steam Turbine Market Size by Country
- 13.3.1 SAMEA Steam Turbine Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 13.3.2 SAMEA Steam Turbine Sales by Country (2021 VS 2025 VS 2032)
- 13.3.3 SAMEA Steam Turbine Price by Country (2021-2032)
- 13.3.4 Brazil
- 13.3.5 Argentina
- 13.3.6 Chile
- 13.3.7 Colombia
- 13.3.8 Peru
- 13.3.9 Saudi Arabia
- 13.3.10 Israel
- 13.3.11 UAE
- 13.3.12 Turkey
- 13.3.13 Iran
- 13.3.14 Egypt
14 Value Chain and Sales Channels Analysis
- 14.1 Steam Turbine Value Chain Analysis
- 14.1.1 Steam Turbine Key Raw Materials
- 14.1.2 Raw Materials Key Suppliers
- 14.1.3 Manufacturing Cost Structure
- 14.1.4 Steam Turbine Production Mode & Process
- 14.2 Steam Turbine Sales Channels Analysis
- 14.2.1 Direct Comparison with Distribution Share
- 14.2.2 Steam Turbine Distributors
- 14.2.3 Steam Turbine Customers
15 Concluding Insights
16 Appendix
- 16.1 Reasons for Doing This Study
- 16.2 Research Methodology
- 16.3 Research Process
- 16.4 Authors List of This Report
- 16.5 Data Source
- 16.5.1 Secondary Sources
- 16.5.2 Primary Sources
- 16.6 Disclaimer
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