As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast.

The global steam turbines market is expected to grow at a significant rate during the forecast period owing to increasing electricity consumption and growing demand for nuclear energy-based electricity generation. The increasing demand for uninterrupted power in developing countries owing to increasing infrastructural activities is accelerating the demand for steam turbines.

Steam turbine is a mechanical device that extracts thermal energy from pressurized steam and transforms it into mechanical work. It consists of a boiler, turbine, condenser, feed pump, and several auxiliary devices. Increasing investments in electricity generation infrastructure is contributing to the increasing demand of steam turbines. However, the market also faces some restrains. Steam turbines can have varying negative impacts on the environment and human health which limits the overall growth of the market.

Global steam turbines market can be segmented based on type, rated capacity, exhaust type, fuel type and region. Based on fuel type, the market is segmented into coal, biomass, nuclear and others. Among them, coal continues to be the most widely used fuel for power generation as it is one of the most affordable option in developing countries like India and China. Also, there is sufficient supply of coal in these economies which makes it widely used fuel in steam turbines.

Regionally, Asia-Pacific accounted for the largest share in 2019 with strong demand emanating from China and India due to growing demand for uninterrupted power in various infrastructural and construction activities.

Major companies operating in the global steam turbines market include Siemens AG, Mitsubishi Hitachi Power Systems Ltd, Bharat Heavy Electricals Limited, General Electric Company, Dongfang Turbine Company Limited, Toshiba Corporation, Doosan Heavy Industries & Construction Company Ltd., Elliott Company, MAN Diesel & Turbo and Fuji Electric Co., Ltd., among others. Companies are taking up growth strategies like mergers & acquisitions and joint ventures & collaborations to increase their global reach and market share.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To analyse and forecast the market size of global steam turbines market.
  • To forecast global steam turbines market based on type, rated capacity, exhaust type, fuel type, company and regional distribution.
  • To identify drivers and challenges for global steam turbines market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in global steam turbines market.
  • To identify and analyse the profile of leading players operating in the global steam turbines market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of steam turbine manufacturing companies across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the companies which could not be identified due to the limitations of secondary research.

TechSci Research calculated global steam turbines market size using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • Steam Turbine manufacturing companies/partners
  • Suppliers/Distributers
  • End-Users
  • Government bodies such as regulating authorities and policy makers
  • Organizations, industry associations, forums and alliances related to steam turbines market
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as steam turbine manufacturing companies and partners, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global steam turbines market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

 

  • Global Steam Turbines Market, By Type:
    • Steam Cycle
    • Combined Cycle
  • Global Steam Turbines Market, By Rated Capacity:
    • 1-120 Mw
    • 121-350 Mw
    • 351-750 Mw
    • Above 750 Mw
  • Global Steam Turbines Market, By Exhaust Type:
    • Condensing
    • Non-Condensing
  • Global Steam Turbines Market, By Fuel Type:
    • Coal
    • Biomass
    • Nuclear
    • Others
  • Global Steam Turbines Market, By Region:
    • Asia-Pacific
      • China
      • Japan
      • India 
      • South Korea
      • Australia
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • UAE
      • South Africa
      • Saudi Arabia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global steam turbines market.

Available Customizations:

With the given market data, TechSci Research offers customizations according a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

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1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Steam Turbines Market

4.    Executive Summary

5.    Voice of Customer

6.    Global Steam Turbines Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type (Steam Cycle and Combined Cycle)

6.2.2.     By Rated Capacity (1-120 Mw, 121-350 Mw, 351-750 Mw and Above 750 Mw)

6.2.3.     By Exhaust Type (Condensing and Non-Condensing)

6.2.4.     By Fuel Type (Coal, Biomass, Nuclear and Others)

6.2.5.     By Company (2019)

6.2.6.     By Region

6.3.  Product market Map

7.    Asia-Pacific Steam Turbines Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Rated Capacity

7.2.3.     By Exhaust Type

7.2.4.     By Fuel Type

7.2.5.     By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.     China Steam Turbines Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Rated Capacity

7.3.1.2.2.             By Fuel Type

7.3.2.     India Steam Turbines Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Rated Capacity

7.3.2.2.2.             By Fuel Type

7.3.3.     Japan Steam Turbines Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Rated Capacity

7.3.3.2.2.             By Fuel Type

7.3.4.     South Korea Steam Turbines Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Rated Capacity

7.3.4.2.2.             By Fuel Type

7.3.5.     Australia Steam Turbines Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Rated Capacity

7.3.5.2.2.             By Fuel Type

8.    Europe Steam Turbines Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Rated Capacity

8.2.3.     By Exhaust Type

8.2.4.     By Fuel Type

8.2.5.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Steam Turbines Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Rated Capacity

8.3.1.2.2.             By Fuel Type

8.3.2.     Germany Steam Turbines Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Rated Capacity

8.3.2.2.2.             By Fuel Type

8.3.3.     United Kingdom Steam Turbines Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Rated Capacity

8.3.3.2.2.             By Fuel Type

8.3.4.     Italy Steam Turbines Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Rated Capacity

8.3.4.2.2.             By Fuel Type

8.3.5.     Spain Steam Turbines Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Rated Capacity

8.3.5.2.2.             By Fuel Type

9.    North America Steam Turbines Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Rated Capacity

9.2.3.     By Exhaust Type

9.2.4.     By Fuel Type

9.2.5.     By Country

9.3.  North America: Country Analysis

9.3.1.     United States Steam Turbines Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Rated Capacity

9.3.1.2.2.             By Fuel Type

9.3.2.     Mexico Steam Turbines Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Rated Capacity

9.3.2.2.2.             By Fuel Type

9.3.3.     Canada Steam Turbines Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Rated Capacity

9.3.3.2.2.             By Fuel Type

10.  South America Steam Turbines Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Rated Capacity

10.2.3.  By Exhaust Type

10.2.4.  By Fuel Type

10.2.5.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Steam Turbines Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Rated Capacity

10.3.1.2.2.           By Fuel Type

10.3.2.  Argentina Steam Turbines Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Rated Capacity

10.3.2.2.2.           By Fuel Type

10.3.3.  Colombia Steam Turbines Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Rated Capacity

10.3.3.2.2.           By Fuel Type

11.  Middle East and Africa Steam Turbines Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Type

11.2.2.  By Rated Capacity

11.2.3.  By Exhaust Type

11.2.4.  By Fuel Type

11.2.5.  By Country

11.3.              MEA: Country Analysis

11.3.1.  South Africa Steam Turbines Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Rated Capacity

11.3.1.2.2.           By Fuel Type

11.3.2.  Saudi Arabia Steam Turbines Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Rated Capacity

11.3.2.2.2.           By Fuel Type

11.3.3.  UAE Steam Turbines Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Rated Capacity

11.3.3.2.2.           By Fuel Type

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.              Competition Outlook

14.2.              Players Profiled (Leading Companies)

14.2.1.  Siemens AG

14.2.2.  Mitsubishi Hitachi Power Systems Ltd

14.2.3.  Bharat Heavy Electricals Limited

14.2.4.  General Electric Company

14.2.5.  Dongfang Turbine Company Limited

14.2.6.  Toshiba Corporation

14.2.7.  Doosan Heavy Industries & Construction Company Ltd.

14.2.8.  Elliott Company

14.2.9.  MAN Diesel & Turbo

14.2.10.                Fuji Electric Co., Ltd.

15.  Strategic Recommendations

16. About Us & Disclaimer

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