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PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1635161

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PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1635161

Steam Turbine Market Assessment, By Type, By Rated Capacity, By Exhaust Type, By Application, By End-use, By Region, Opportunities and Forecast, 2018-2032F

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Global steam turbine market is projected to witness a CAGR of 3.99% during the forecast period 2025-2032, growing from USD 21.64 billion in 2024 to USD 29.59 billion in 2032.

The future of steam turbines is going to be changed with the advancement of technology and changes in market dynamics. One of the most significant trends is the development of ultra-supercritical (A-USC) steam turbines, which operate at higher temperatures and pressures, enhancing thermal efficiency and reducing emissions. This is complemented by innovations in blade design that improve aerodynamic performance.

In addition, new digital technologies such as artificial intelligence and IoT integration are fundamentally transforming operations designed for turbomachinery as it watches for real-time monitoring with predictive maintenance, boosting performance with minimized downtime. Shifts within the global energy domain require increasingly cleaner energies, notably through renewable means such as biomass and concentrated solar power, increasing demand accordingly. Emerging markets are also growing due to rapid industrialization and urbanization, while stiffer emission regulations force industries to adopt superior steam turbine technologies that are sustainable. In addition, the development of combined cycle power plants provides more opportunities for steam turbines to realize efficiency by making use of waste heat. All these trends depict a promising future for steam turbines that will be efficient, flexible, and in line with sustainable energy goals, thus leading to a cleaner and more reliable energy system. Higher construction activities, which are in the form of new power plants, will drive the market growth further. The additional elements and new technology also aid in the overall growth of the steam turbine market.

For instance, in March 2023, Kawasaki Heavy Industries, Ltd. delivered two steam turbine generator sets to the Philippine-based petrochemical company, Petron Corporation. At Bataan Refinery in Luzon, the Philippines, steam turbine sets were erected as part of an off-grid power generation project to provide heat and electricity to the refinery. To boost the steam turbine's overall output, the condenser cools (condenses) the exhaust (steam) from the steam turbine.

Rising Demand for Electricity and Renewable Energy Integration to Fuel Market Growth

The surge is particularly noticeable in emerging economies, where speedy urbanization and industrialization are resulting in increased demand for energy. Global electricity demand is expected to rise by nearly two-thirds during the forecast period; therefore, new power generation units will be required. This increase in demand is encouraging investments in steam turbines, which power electricity generation in both traditional and renewable energy plants, thus cementing their position in future energy requirements.

As governments around the world up the ante in reducing carbon footprint, there is a rise in the integration of renewable energy sources into the overall power generation mix. As such, steam turbines are gradually being used in biomass, geothermal power plants, and combined heat and power systems to increase energy efficiency and sustainability. It facilitates innovation in the designing of steam turbines and thus widens the scope of numerous applications. Global initiatives about developing environment-friendly sustainable energy products increase its demand, which leads toward a boost in this market; thereby, the company provides its newly developed technology to all industries holding turbines.

For instance, in April 2024, Valmet Corporation announced that it was going to deliver steam turbine automation to Energie AG in Austria. To have a completely integrated control system for the entire facility, the company is moving the current turbine controls to the Valmet DNA automation system. This will also result in better process visibility and simpler and more effective operations.

Government Investment and Technological Advancements to Shape Market Growth

High government investments in the development of infrastructure and power generation projects are boosting the steam turbine market growth. Countries are concentrating on enhancing their energy infrastructure to keep up with increased electricity demand and for more reliability. Investments tend to be targeted toward modernizing existing power plants and constructing new facilities based on state-of-the-art steam turbine technology. Government policies that encourage private sector participation in energy generation stimulate demand for steam turbines, creating a favorable market expansion environment.

With the ongoing advancement of technology, steam turbines are becoming more efficient and effective, gaining acceptance in various applications across industries. For instance, ultra-supercritical technology enables turbines to work at higher temperatures and pressures, which increases thermal efficiency while lowering emissions. Moreover, digital technologies such as real-time monitoring and predictive maintenance optimize turbine operations and minimize downtime. These developments not only enhance the economic feasibility of steam turbines but also serve the rising demand for clean and efficient energy solutions and, thus, propel the market.

Combined Cycle Technology and Rapid Urbanization to Make Power and Utility Segment Lead

Based on the end-user, the power and utility segment is expected to hold the major share of the market. This dominance is primarily driven by the growing electricity demand in major countries around the world, especially in emerging economies, backed by rapid urbanization and industrialization. Power plants using combined cycle technology also use steam turbines for efficient power generation. Moreover, this segment also benefits from new infrastructure developments and investments in new power generation facilities. During the forecast period, the power and utility segment is likely to continue its dominance due to ongoing developments in steam turbine technology and renewable energy integration, as governments strive for sustainable energy solutions to address growing energy demands. Companies supplying to nations for the higher energy supply are also fueling the power and utility segment.

For instance, in November 2023, GE Vernova (The GE Company) announced an order from O2 Power Private Limited to supply, install, and commission 36 units of its workhorse 2.7-132 onshore wind turbines for the 97 MW wind power projects in Maharashtra, India. The deal will help India reach its goal of 500 GW of renewable energy capacity by 2030 and will make it possible to supply renewable energy to a variety of Indian businesses and commercial entities.

Asia-Pacific Becomes the Fastest Growing Region in the Steam Turbine Market

Asia-Pacific is the leading region in the steam turbine market, driven by a combination of rapid industrialization, rising energy demand, and significant investments in power generation infrastructure. Nations such as China and India are leading this expansion as they work to broaden their energy portfolios to cater to the demands of their increasing populations and economies. The region's emphasis on strengthening energy security and transitioning to cleaner energy alternatives has resulted in a heightened use of steam turbines in both conventional thermal power facilities and renewable energy initiatives.

Additionally, the Asia-Pacific market reaps the benefits of progress in steam turbine technology, featuring innovations that enhance efficiency and lower emissions. Governments in this region are also enacting policies that promote the implementation of advanced steam turbine systems, especially those that facilitate combined heat and power (CHP) and cogeneration processes. This transition meets energy demands and aligns with international sustainability objectives. Consequently, Asia-Pacific is anticipated to sustain its dominant position in the steam turbine sector, providing numerous opportunities for industry participants to take advantage of the rising need for efficient and dependable power generation solutions.

For instance, in May 2022, GE Steam Power (General Electric Company) signed a USD 165 million contract for three nuclear steam turbines with BHEL. This supplies BHEL with the design and manufacturing of three nuclear steam turbines from the Sanand facility in India. This national initiative consists of 12 units of 700 MWe, which are being developed by NPCIL using their proprietary nuclear reactor technology, specifically Pressurized Heavy Water Reactors (PHWR). Altogether, it will provide 8.4 GW of carbon dioxide-free electricity for the nation, sufficient to supply energy to over 14 million households.

Future Market Scenario (2025 - 2032F)

The shift towards renewable energy sources is likely to drive the development and integration of advanced steam turbines that enhance efficiency and reduce emissions.

Continuous advancements in steam turbine technology, such as ultra-supercritical systems and digital monitoring, are anticipated to improve performance and operational flexibility.

Rapid industrialization and urbanization in developing countries are projected to significantly increase the demand for reliable electricity, propelling the steam turbine market growth.

Stricter environmental regulations and increased government investments in infrastructure are fostering the adoption of steam turbines in power generation and industrial applications.

Key Players Landscape and Outlook

Key players in the steam turbine market are adopting multifaceted strategies to enhance their competitive edge and drive growth. A primary focus is research and development, with significant investments aimed at innovating turbine designs and improving efficiency through advanced materials and technologies. This commitment to R&D enables companies to offer high-performance products that meet stringent environmental regulations and consumer demands for cleaner energy solutions. Additionally, strategic partnerships and collaborations are being pursued to leverage complementary strengths, expand market reach, and enhance technological capabilities.

Companies also emphasize upgrades and retrofits of existing turbine systems, enabling clients to enhance performance without the need for complete replacements. Furthermore, a strong emphasis on operational efficiency is evident as firms implement predictive maintenance and advanced monitoring systems to minimize downtime and optimize performance throughout the turbine's lifecycle.

For instance, in May 2024, EDF announced the completion of the acquisition of GE Vernova's steam nuclear activities covering conventional island equipment for nuclear power plants, excluding servicing activities in the Americas. This purchase comes after GE and EDF signed an exclusivity agreement on February 10, 2022. The EDF Group will be able to get essential technologies and expertise for the nuclear sector and European energy security through this acquisition. Arabelle Solutions, a wholly owned subsidiary of EDF, will oversee these operations, employing about 3,300 people.

Product Code: MX12595

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

  • 4.1. Product and Market Intelligence
  • 4.2. Mode of Brand Awareness
  • 4.3. Factors Considered in Purchase Decisions
    • 4.3.1. Design Type
    • 4.3.2. Efficiency
    • 4.3.3. Materials and Construction
    • 4.3.4. Steam Quality
    • 4.3.5. Control Systems
    • 4.3.6. Maintenance Requirement
    • 4.3.7. Integration Capabilities

5. Global Steam Turbine Market Outlook, 2018-2032F

  • 5.1. Market Size Analysis & Forecast
    • 5.1.1. By Value
    • 5.1.2. By Volume
  • 5.2. Market Share Analysis & Forecast
    • 5.2.1. By Type
      • 5.2.1.1. Stream Cycle
      • 5.2.1.2. Combined Cycle
      • 5.2.1.3. Cogeneration
    • 5.2.2. By Rated Capacity
      • 5.2.2.1. Below 150 MW
      • 5.2.2.2. 151-300 MW
      • 5.2.2.3. Above 300 MW
    • 5.2.3. By Exhaust Type
      • 5.2.3.1. Condensing
      • 5.2.3.2. Noncondensing
    • 5.2.4. By Application
      • 5.2.4.1. Coal
      • 5.2.4.2. Nuclear
      • 5.2.4.3. Biomass
      • 5.2.4.4. Others
    • 5.2.5. By End-use
      • 5.2.5.1. Power and Utility
      • 5.2.5.2. Oil and Gas
      • 5.2.5.3. Manufacturing and Processing Industry
      • 5.2.5.4. Biomass and Waste-to-Energy Plants
      • 5.2.5.5. Others
    • 5.2.6. By Region
      • 5.2.6.1. North America
      • 5.2.6.2. Europe
      • 5.2.6.3. Asia-Pacific
      • 5.2.6.4. South America
      • 5.2.6.5. Middle East and Africa
    • 5.2.7. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
  • 5.3. Market Map Analysis, 2024
    • 5.3.1. By Type
    • 5.3.2. By Rated Capacity
    • 5.3.3. By Exhaust type
    • 5.3.4. By Application
    • 5.3.5. By End-use
    • 5.3.6. By Region

6. North America Steam Turbine Market Outlook, 2018-2032F*

  • 6.1. Market Size Analysis & Forecast
    • 6.1.1. By Value
    • 6.1.2. By Volume
  • 6.2. Market Share Analysis & Forecast
    • 6.2.1. By Type
      • 6.2.1.1. Stream Cycle
      • 6.2.1.2. Combined Cycle
      • 6.2.1.3. Cogeneration
    • 6.2.2. By Rated Capacity
      • 6.2.2.1. Below 150 MW
      • 6.2.2.2. 151-300 MW
      • 6.2.2.3. Above 300 MW
    • 6.2.3. By Exhaust Type
      • 6.2.3.1. Condensing
      • 6.2.3.2. Noncondensing
    • 6.2.4. By Application
      • 6.2.4.1. Coal
      • 6.2.4.2. Nuclear
      • 6.2.4.3. Biomass
      • 6.2.4.4. Others
    • 6.2.5. By End-use
      • 6.2.5.1. Power and Utility
      • 6.2.5.2. Oil and Gas
      • 6.2.5.3. Manufacturing and Processing Industry
      • 6.2.5.4. Biomass and Waste-to-Energy Plants
      • 6.2.5.5. Others
    • 6.2.6. By Country Share
      • 6.2.6.1. United States
      • 6.2.6.2. Canada
      • 6.2.6.3. Mexico
  • 6.3. Country Market Assessment
    • 6.3.1. United States Steam Turbine Market Outlook, 2018-2032F*
      • 6.3.1.1. Market Size Analysis & Forecast
        • 6.3.1.1.1. By Value
        • 6.3.1.1.2. By Volume
      • 6.3.1.2. Market Share Analysis & Forecast
        • 6.3.1.2.1. By Type
          • 6.3.1.2.1.1. Stream Cycle
          • 6.3.1.2.1.2. Combined Cycle
          • 6.3.1.2.1.3. Cogeneration
        • 6.3.1.2.2. By Rated Capacity
          • 6.3.1.2.2.1. Below 150 MW
          • 6.3.1.2.2.2. 151-300 MW
          • 6.3.1.2.2.3. Above 300 MW
        • 6.3.1.2.3. By Exhaust Type
          • 6.3.1.2.3.1. Condensing
          • 6.3.1.2.3.2. Noncondensing
        • 6.3.1.2.4. By Application
          • 6.3.1.2.4.1. Coal
          • 6.3.1.2.4.2. Nuclear
          • 6.3.1.2.4.3. Biomass
          • 6.3.1.2.4.4. Others
        • 6.3.1.2.5. By End-use
          • 6.3.1.2.5.1. Power and Utility
          • 6.3.1.2.5.2. Oil and Gas
          • 6.3.1.2.5.3. Manufacturing and Processing Industry
          • 6.3.1.2.5.4. Biomass and Waste-to-Energy Plants
          • 6.3.1.2.5.5. Others
    • 6.3.2. Canada
    • 6.3.3. Mexico

All segments will be provided for all regions and countries covered

7. Europe Steam Turbine Market Outlook, 2018-2032F

  • 7.1. Germany
  • 7.2. France
  • 7.3. Italy
  • 7.4. United Kingdom
  • 7.5. Russia
  • 7.6. Netherlands
  • 7.7. Spain
  • 7.8. Turkey
  • 7.9. Poland

8. Asia-Pacific Steam Turbine Market Outlook, 2018-2032F

  • 8.1. India
  • 8.2. China
  • 8.3. Japan
  • 8.4. Australia
  • 8.5. Vietnam
  • 8.6. South Korea
  • 8.7. Indonesia
  • 8.8. Philippines

9. South America Steam Turbine Market Outlook, 2018-2032F

  • 9.1. Brazil
  • 9.2. Argentina

10. Middle East and Africa Steam Turbine Market Outlook, 2018-2032F

  • 10.1. Saudi Arabia
  • 10.2. UAE
  • 10.3. South Africa

11. Demand Supply Analysis

12. Import and Export Analysis

13. Value Chain Analysis

14. Porter's Five Forces Analysis

15. PESTLE Analysis

16. Pricing Analysis

17. Market Dynamics

  • 17.1. Market Drivers
  • 17.2. Market Challenges

18. Market Trends and Developments

19. Case Studies

20. Competitive Landscape

  • 20.1. Competition Matrix of Top 5 Market Leaders
  • 20.2. SWOT Analysis for Top 5 Players
  • 20.3. Key Players Landscape for Top 10 Market Players
    • 20.3.1. Siemens AG
      • 20.3.1.1. Company Details
      • 20.3.1.2. Key Management Personnel
      • 20.3.1.3. Products and Services
      • 20.3.1.4. Financials (As Reported)
      • 20.3.1.5. Key Market Focus and Geographical Presence
      • 20.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
    • 20.3.2. GE Vernova (General Electric Company)
    • 20.3.3. MAN Energy Solutions (MAN SE)
    • 20.3.4. Mitsubishi Heavy Industries, Ltd.
    • 20.3.5. Bharat Heavy Electricals Limited
    • 20.3.6. Toshiba Energy Systems & Solutions Corporation
    • 20.3.7. Doosan Enerbility Co. Ltd.
    • 20.3.8. Shanghai Electric Group Co., Ltd.
    • 20.3.9. Dongfang Electric Corporation Limited
    • 20.3.10. Harbin Electric Corporation

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

21. Strategic Recommendations

22. About Us and Disclaimer

Product Code: MX12595

List of Tables

  • Table 1. Pricing Analysis of Products from Key Players
  • Table 2. Competition Matrix of Top 5 Market Leaders
  • Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1. Global Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 2. Global Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 3. Global Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 4. Global Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 5. Global Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 6. Global Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 7. Global Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 8. Global Steam Turbine Market Share (%), By Region, 2018-2032F
  • Figure 9. North America Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 10. North America Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 11. North America Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 12. North America Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 13. North America Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 14. North America Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 15. North America Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 16. North America Steam Turbine Market Share (%), By Country, 2018-2032F
  • Figure 17. United States Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 18. United States Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 19. United States Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 20. United States Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 21. United States Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 22. United States Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 23. United States Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 24. Canada Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 25. Canada Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 26. Canada Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 27. Canada Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 28. Canada Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 29. Canada Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 30. Canada Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 31. Mexico Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 32. Mexico Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 33. Mexico Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 34. Mexico Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 35. Mexico Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 36. Mexico Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 37. Mexico Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 38. Europe Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 39. Europe Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 40. Europe Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 41. Europe Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 42. Europe Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 43. Europe Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 44. Europe Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 45. Europe Steam Turbine Market Share (%), By Country, 2018-2032F
  • Figure 46. Germany Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 47. Germany Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 48. Germany Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 49. Germany Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 50. Germany Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 51. Germany Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 52. Germany Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 53. France Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 54. France Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 55. France Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 56. France Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 57. France Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 58. France Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 59. France Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 60. Italy Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 61. Italy Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 62. Italy Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 63. Italy Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 64. Italy Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 65. Italy Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 66. Italy Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 67. United Kingdom Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 68. United Kingdom Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 69. United Kingdom Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 70. United Kingdom Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 71. United Kingdom Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 72. United Kingdom Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 73. United Kingdom Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 74. Russia Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 75. Russia Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 76. Russia Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 77. Russia Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 78. Russia Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 79. Russia Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 80. Russia Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 81. Netherlands Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 82. Netherlands Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 83. Netherlands Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 84. Netherlands Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 85. Netherlands Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 86. Netherlands Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 87. Netherlands Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 88. Spain Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 89. Spain Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 90. Spain Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 91. Spain Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 92. Spain Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 93. Spain Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 94. Spain Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 95. Turkey Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 96. Turkey Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 97. Turkey Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 98. Turkey Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 99. Turkey Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 100. Turkey Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 101. Turkey Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 102. Poland Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 103. Poland Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 104. Poland Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 105. Poland Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 106. Poland Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 107. Poland Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 108. Poland Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 109. South America Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 110. South America Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 111. South America Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 112. South America Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 113. South America Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 114. South America Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 115. South America Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 116. South America Steam Turbine Market Share (%), By Country, 2018-2032F
  • Figure 117. Brazil Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 118. Brazil Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 119. Brazil Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 120. Brazil Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 121. Brazil Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 122. Brazil Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 123. Brazil Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 124. Argentina Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 125. Argentina Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 126. Argentina Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 127. Argentina Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 128. Argentina Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 129. Argentina Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 130. Argentina Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 131. Asia-Pacific Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 132. Asia-Pacific Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 133. Asia-Pacific Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 134. Asia-Pacific Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 135. Asia-Pacific Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 136. Asia-Pacific Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 137. Asia- Pacific Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 138. Asia-Pacific Steam Turbine Market Share (%), By Country, 2018-2032F
  • Figure 139. India Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 140. India Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 141. India Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 142. India Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 143. India Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 144. India Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 145. India Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 146. China Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 147. China Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 148. China Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 149. China Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 150. China Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 151. China Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 152. China Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 153. Japan Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 154. Japan Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 155. Japan Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 156. Japan Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 157. Japan Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 158. Japan Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 159. Japan Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 160. Australia Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 161. Australia Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 162. Australia Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 163. Australia Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 164. Australia Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 165. Australia Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 166. Australia Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 167. Vietnam Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 168. Vietnam Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 169. Vietnam Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 170. Vietnam Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 171. Vietnam Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 172. Vietnam Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 173. Vietnam Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 174. South Korea Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 175. South Korea Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 176. South Korea Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 177. South Korea Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 178. South Korea Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 179. South Korea Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 180. South Korea Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 181. Indonesia Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 182. Indonesia Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 183. Indonesia Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 184. Indonesia Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 185. Indonesia Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 186. Indonesia Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 187. Indonesia Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 188. Philippines Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 189. Philippines Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 190. Philippines Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 191. Philippines Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 192. Philippines Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 193. Philippines Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 194. Philippines Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 195. Middle East & Africa Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 196. Middle East & Africa Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 197. Middle East & Africa Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 198. Middle East & Africa Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 199. Middle East & Africa Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 200. Middle East & Africa Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 201. Middle East & Africa Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 202. Middle East & Africa Steam Turbine Market Share (%), By Country, 2018-2032F
  • Figure 203. Saudi Arabia Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 204. Saudi Arabia Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 205. Saudi Arabia Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 206. Saudi Arabia Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 207. Saudi Arabia Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 208. Saudi Arabia Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 209. Saudi Arabia Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 210. UAE Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 211. UAE Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 212. UAE Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 213. UAE Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 214. UAE Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 215. UAE Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 216. UAE Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 217. South Africa Steam Turbine Market, By Value, In USD Billion, 2018-2032F
  • Figure 218. South Africa Steam Turbine Market, By Volume, In Units, 2018-2032F
  • Figure 219. South Africa Steam Turbine Market Share (%), By Type, 2018-2032F
  • Figure 220. South Africa Steam Turbine Market Share (%), By Rated Capacity, 2018-2032F
  • Figure 221. South Africa Steam Turbine Market Share (%), By Exhaust Type, 2018-2032F
  • Figure 222. South Africa Steam Turbine Market Share (%), By Application, 2018-2032F
  • Figure 223. South Africa Steam Turbine Market Share (%), By End-use, 2018-2032F
  • Figure 224. By Type Map-Market Size (USD Billion) & Growth Rate (%), 2024
  • Figure 225. By Rated Capacity Map-Market Size (USD Billion) & Growth Rate (%), 2024
  • Figure 226. By Exhaust Type Map-Market Size (USD Billion) & Growth Rate (%), 2024
  • Figure 227. By Application Map-Market Size (USD Billion) & Growth Rate (%), 2024
  • Figure 228. By End-use Map-Market Size (USD Billion) & Growth Rate (%), 2024
  • Figure 229. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2024
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