Steam Turbine Market Report 2026
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Published : February 2026

Pages : 200

Format : PDF

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Steam Turbine Market Report 2026

Global Outlook – By Plant Type (Gas, Coal, Nuclear, Other Plant Types), By Capacity (Rated Power (<60MW), Rated Power (60-200MW), Rated Power (>200MW)), By Technology (Steam Cycle, Combined Cycle, Cogeneration), By Design (Reaction, Impulse), By End-Use Industry (Power And Utility, Industrial) – Market Size, Trends, Strategies, and Forecast to 2035

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Steam Turbine Market Overview

• Steam Turbine market size has reached to $17.11 billion in 2025

• Expected to grow to $18.78 billion in 2030 at a compound annual growth rate (CAGR) of 1.9%

• Growth Driver: The Role Of Steam Turbines In Meeting The Rising Demand For Renewable Energy

• Market Trend: Strategic Collaborations In The Steam Turbine Market

• Western Europe was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Steam Turbine Market?

The steam turbine refers to a machine that converts thermal energy from pressurized steam and transforms it into mechanical work on a rotating output shaft. It uses heat sources such as gas, coal, nuclear, and solar to heat water at extremely high temperatures until it is converted into steam. The main parts of stream turbines are rotors and blades.

The main types of plant types using steam turbines are gas, coal, nuclear, and others. The gas steam turbines use gas as a source to generate steam. Gas is used to heat water to extremely high temperatures until it is converted into steam. Steam turbines usually come in two designs, namely reaction and impulse, and have the capacities of rated power (60 MW), rated power (60–200 MW), and rated power (> 200 MW). Steam turbines use technologies such as steam cycle, combined cycle, and cogeneration and are used in end-use industries such as power, utility, and industrial.

Steam Turbine market report bar graph

What Is The Steam Turbine Market Size and Share 2026?

The steam turbine market size has grown marginally in recent years. It will grow from $17.11 billion in 2025 to $17.44 billion in 2026 at a compound annual growth rate (CAGR) of 1.9%. The growth in the historic period can be attributed to growth of coal and gas based power generation, expansion of large scale thermal power plants, increasing electricity demand from industrial sectors, development of nuclear power infrastructure, need for reliable base load power generation.

What Is The Steam Turbine Market Growth Forecast?

The steam turbine market size is expected to see marginal growth in the next few years. It will grow to $18.78 billion in 2030 at a compound annual growth rate (CAGR) of 1.9%. The growth in the forecast period can be attributed to rising investments in clean and efficient power generation, modernization of aging power plant infrastructure, increasing adoption of cogeneration systems in industries, growth of waste to energy and biomass plants, rising electricity demand in emerging economies. Major trends in the forecast period include rising demand for high efficiency steam turbines, growing adoption of combined cycle power plants, increasing use of steam turbines in industrial cogeneration, expansion of steam turbines in renewable and waste to energy plants, higher focus on turbine durability and load flexibility.

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Tariff Impact On Steam Turbine Market

Tariffs have impacted the steam turbine market by increasing the cost of imported steel, precision components, blades, and control systems used in turbine manufacturing. These higher costs h

Global Steam Turbine Market Segmentation

1) By Plant Type: Gas, Coal, Nuclear, Other Plant Types

2) By Capacity: Rated Power (<60MW), Rated Power (60-200MW), Rated Power (>200MW)

3) By Technology: Steam Cycle, Combined Cycle, Cogeneration

4) By Design: Reaction, Impulse

5) By End-Use Industry: Power And Utility, Industrial

Subsegments:

1) By Gas: Combined Cycle Gas Plants, Simple Cycle Gas Plants

2) By Coal: Pulverized Coal Plants, Fluidized Bed Coal Plants

3) By Nuclear: Pressurized Water Reactors (PWR), Boiling Water Reactors (BWR)

4) By Other Plant Types: Biomass Plants, Geothermal Plants, Waste-To-Energy Plants

What Is The Driver Of The Steam Turbine Market?

The increase in focus on renewable energy is expected to propel the growth of the steam turbine market. Renewable energy, also identified as clean energy, provides consistent power supplies and fuel diversification, improving energy security and reducing the risk of fuel spills. The primary focus on renewable energy is to advance economic development, improve energy security, enhance access to power, and mitigate climate change. The increasing focus on renewable energy creates demand for steam turbines as these are a source of clean energy to produce electricity with no/less environmental impact. For instance, in January 2024, according to the U.S. Energy Information Administration, a US-based agency of federal statistical system, U.S. solar power generation is forecast to jump 75%, expanding from 163 billion kWh in 2023 to 286 billion kWh by 2025. During this timeframe, wind power generation is anticipated to increase by 11%, rising from 430 billion kWh in 2023 to 476 billion kWh in 2025. Therefore, increasing focus on renewable energy will drive the growth of the steam turbine industry.

What Is The Driver Of The Steam Turbine Market?

The increase in focus on renewable energy is expected to propel the growth of the steam turbine market. Renewable energy, also identified as clean energy, provides consistent power supplies and fuel diversification, improving energy security and reducing the risk of fuel spills. The primary focus on renewable energy is to advance economic development, improve energy security, enhance access to power, and mitigate climate change. The increasing focus on renewable energy creates demand for steam turbines as these are a source of clean energy to produce electricity with no/less environmental impact. For instance, in January 2024, according to the U.S. Energy Information Administration, a US-based agency of federal statistical system, U.S. solar power generation is forecast to jump 75%, expanding from 163 billion kWh in 2023 to 286 billion kWh by 2025. During this timeframe, wind power generation is anticipated to increase by 11%, rising from 430 billion kWh in 2023 to 476 billion kWh in 2025. Therefore, increasing focus on renewable energy will drive the growth of the steam turbine industry.

Global Steam Turbine Market Trends and Insights

Major companies operating in the steam turbine market are adopting a strategic partnership approach to maximize the utilization and harness the energy content of syngas through the generation of steam. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in June 2023, Imerys S.A., a France-based mining company, partnered with E.ON SE, a Germany-based electric utility company. Through this partnership, E.ON is set to construct an advanced energy recovery facility at the Imerys site. The primary objective is to maximize and harness the energy content of syngas through steam production. The plant will employ a high-efficiency steam turbine with a capacity of up to 29 MWel to generate electricity. In addition to fulfilling Imerys' local energy requirements, the produced electricity will be fed into the public grid, catering to the energy needs of approximately 40,000 households. E.ON also envisions exploring the prospect of utilizing the residual heat from the power plant as a potential source for a district heating network in the future.

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What Are Latest Mergers And Acquisitions In The Steam Turbine Market?

In May 2025, EthosEnergy, a US-based provider of power generation services, acquired Turbine Services, Ltd., for an undisclosed amount. With this acquisition, EthosEnergy aims to expand its service offerings in turbine maintenance and repair, strengthen its presence in the US power generation market, enhance operational capabilities, and drive long-term growth. Turbine Services, Ltd., is a US-based company specializing in turbine maintenance, repair, and overhaul services for the energy industry.

Regional Outlook

Western Europe was the largest region in the steam turbine market share in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Steam Turbine Market?

The steam turbine market consists of sales of the steam turbine including back-pressure steam turbines, extraction steam turbines, and condensing steam turbines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Steam Turbine Market Report 2026?

The steam turbine market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the steam turbine industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Author : Girish Kavali

Steam Turbine Market Report Forecast Analysis

Report AttributeDetails
Market Size Value In 2026 $17.44 billion
Revenue Forecast In 2035 $18.78 billion
Growth Rate CAGR of 1.9% from 2026 to 2035
Base Year For Estimation 2025
Actual Estimates/Historical Data 2020-2025
Forecast Period 2026 - 2030 - 2035
Market Representation Revenue in USD Billion and CAGR from 2026 to 2035
Segments Covered Plant Type, Capacity, Technology, Design, End-Use Industry
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, ...
Key Companies Profiled Hitachi Ltd., Siemens AG, General Electric Company, Toshiba Corporation, Shanghai Electric Group Corp, Kawasaki Heavy Industries Ltd., Doosan Enerbility Co. Ltd., Dongfang Electric Corporation Ltd., Fuji Electric Ltd., Harbin Electric Company Limited, Bharat Heavy Electricals Limited, Ansaldo Energia SpA, Power Machines Ltd., NPO Saturn PJSC, Elliott Group Corp, Triveni Turbine Limited, Turboden S.p.A., L&T-MHI Power Turbine Generators Pvt Ltd., Beijing Beizhong Steam Turbine Generator Co. Ltd., CMI Energy India Pvt Ltd, Dresser-Rand Group Inc.
Customization ScopeRequest for Customization
Pricing And Purchase OptionsExplore Purchase Options

Table Of Contents

1. Executive Summary

1.1. Key Market Insights (2020-2035)

1.2. Visual Dashboard: Market Size, Growth Rate, Hotspots

1.3. Major Factors Driving the Market

1.4. Top Three Trends Shaping the Market

2. Steam Turbine Market Characteristics

2.1. Market Definition & Scope

2.2. Market Segmentations

2.3. Overview of Key Products and Services

2.4. Global Steam Turbine Market Attractiveness Scoring And Analysis

2.4.1. Overview of Market Attractiveness Framework

2.4.2. Quantitative Scoring Methodology

2.4.3. Factor-Wise Evaluation

Growth Potential Analysis, Competitive Dynamics Assessment, Strategic Fit Assessment And Risk Profile Evaluation

2.4.4. Market Attractiveness Scoring and Interpretation

2.4.5. Strategic Implications and Recommendations

3. Steam Turbine Market Supply Chain Analysis

3.1. Overview of the Supply Chain and Ecosystem

3.2. List Of Key Raw Materials, Resources & Suppliers

3.3. List Of Major Distributors and Channel Partners

3.4. List Of Major End Users

4. Global Steam Turbine Market Trends And Strategies

4.1. Key Technologies & Future Trends

4.1.1 Sustainability, Climate Tech & Circular Economy

4.1.2 Industry 4.0 & Intelligent Manufacturing

4.1.3 Internet Of Things (Iot), Smart Infrastructure & Connected Ecosystems

4.1.4 Electric Mobility & Transportation Electrification

4.1.5 Digitalization, Cloud, Big Data & Cybersecurity

4.2. Major Trends

4.2.1 Rising Demand For High Efficiency Steam Turbines

4.2.2 Growing Adoption Of Combined Cycle Power Plants

4.2.3 Increasing Use Of Steam Turbines In Industrial Cogeneration

4.2.4 Expansion Of Steam Turbines In Renewable And Waste To Energy Plants

4.2.5 Higher Focus On Turbine Durability And Load Flexibility

5. Steam Turbine Market Analysis Of End Use Industries

5.1 Power Utilities

5.2 Industrial Manufacturing Companies

5.3 Independent Power Producers

5.4 Nuclear Power Operators

5.5 Renewable Energy Plant Operators

6. Steam Turbine Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, Supply Chain Impact from Tariff War & Trade Protectionism, And Covid And Recovery On The Market

7. Global Steam Turbine Strategic Analysis Framework, Current Market Size, Market Comparisons And Growth Rate Analysis

7.1. Global Steam Turbine PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

7.2. Global Steam Turbine Market Size, Comparisons And Growth Rate Analysis

7.3. Global Steam Turbine Historic Market Size and Growth, 2020 - 2025, Value ($ Billion)

7.4. Global Steam Turbine Forecast Market Size and Growth, 2025 - 2030, 2035F, Value ($ Billion)

8. Global Steam Turbine Total Addressable Market (TAM) Analysis for the Market

8.1. Definition and Scope of Total Addressable Market (TAM)

8.2. Methodology and Assumptions

8.3. Global Total Addressable Market (TAM) Estimation

8.4. TAM vs. Current Market Size Analysis

8.5. Strategic Insights and Growth Opportunities from TAM Analysis

9. Steam Turbine Market Segmentation

9.1. Global Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Gas, Coal, Nuclear, Other Plant Types

9.2. Global Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Rated Power (<60MW), Rated Power (60-200MW), Rated Power (>200MW)

9.3. Global Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Steam Cycle, Combined Cycle, Cogeneration

9.4. Global Steam Turbine Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Reaction, Impulse

9.5. Global Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Power And Utility, Industrial

9.6. Global Steam Turbine Market, Sub-Segmentation Of Gas, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Combined Cycle Gas Plants, Simple Cycle Gas Plants

9.7. Global Steam Turbine Market, Sub-Segmentation Of Coal, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Pulverized Coal Plants, Fluidized Bed Coal Plants

9.8. Global Steam Turbine Market, Sub-Segmentation Of Nuclear, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Pressurized Water Reactors (PWR), Boiling Water Reactors (BWR)

9.9. Global Steam Turbine Market, Sub-Segmentation Of Other Plant Types, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Biomass Plants, Geothermal Plants, Waste-To-Energy Plants

10. Steam Turbine Market Regional And Country Analysis

10.1. Global Steam Turbine Market, Split By Region, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

10.2. Global Steam Turbine Market, Split By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

11. Asia-Pacific Steam Turbine Market

11.1. Asia-Pacific Steam Turbine Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

11.2. Asia-Pacific Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

12. China Steam Turbine Market

12.1. China Steam Turbine Market Overview

Country Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

12.2. China Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

13. India Steam Turbine Market

13.1. India Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

14. Japan Steam Turbine Market

14.1. Japan Steam Turbine Market Overview

Country Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

14.2. Japan Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

15. Australia Steam Turbine Market

15.1. Australia Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

16. Indonesia Steam Turbine Market

16.1. Indonesia Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

17. South Korea Steam Turbine Market

17.1. South Korea Steam Turbine Market Overview

Country Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

17.2. South Korea Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

18. Taiwan Steam Turbine Market

18.1. Taiwan Steam Turbine Market Overview

Country Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

18.2. Taiwan Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

19. South East Asia Steam Turbine Market

19.1. South East Asia Steam Turbine Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

19.2. South East Asia Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

20. Western Europe Steam Turbine Market

20.1. Western Europe Steam Turbine Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

20.2. Western Europe Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

21. UK Steam Turbine Market

21.1. UK Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

22. Germany Steam Turbine Market

22.1. Germany Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

23. France Steam Turbine Market

23.1. France Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

24. Italy Steam Turbine Market

24.1. Italy Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

25. Spain Steam Turbine Market

25.1. Spain Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

26. Eastern Europe Steam Turbine Market

26.1. Eastern Europe Steam Turbine Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

26.2. Eastern Europe Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

27. Russia Steam Turbine Market

27.1. Russia Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

28. North America Steam Turbine Market

28.1. North America Steam Turbine Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

28.2. North America Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

29. USA Steam Turbine Market

29.1. USA Steam Turbine Market Overview

Country Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

29.2. USA Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

30. Canada Steam Turbine Market

30.1. Canada Steam Turbine Market Overview

Country Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

30.2. Canada Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

31. South America Steam Turbine Market

31.1. South America Steam Turbine Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

31.2. South America Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

32. Brazil Steam Turbine Market

32.1. Brazil Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

33. Middle East Steam Turbine Market

33.1. Middle East Steam Turbine Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

33.2. Middle East Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

34. Africa Steam Turbine Market

34.1. Africa Steam Turbine Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

34.2. Africa Steam Turbine Market, Segmentation By Plant Type, Segmentation By Capacity, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

35. Steam Turbine Market Regulatory and Investment Landscape

36. Steam Turbine Market Competitive Landscape And Company Profiles

36.1. Steam Turbine Market Competitive Landscape And Market Share 2024

36.1.1. Top 10 Companies (Ranked by revenue/share)

36.2. Steam Turbine Market - Company Scoring Matrix

36.2.1. Market Revenues

36.2.2. Product Innovation Score

36.2.3. Brand Recognition

36.3. Steam Turbine Market Company Profiles

36.3.1. Hitachi Ltd. Overview, Products and Services, Strategy and Financial Analysis

36.3.2. Siemens AG Overview, Products and Services, Strategy and Financial Analysis

36.3.3. General Electric Company Overview, Products and Services, Strategy and Financial Analysis

36.3.4. Toshiba Corporation Overview, Products and Services, Strategy and Financial Analysis

36.3.5. Shanghai Electric Group Corp Overview, Products and Services, Strategy and Financial Analysis

37. Steam Turbine Market Other Major And Innovative Companies

Kawasaki Heavy Industries Ltd., Doosan Enerbility Co. Ltd., Dongfang Electric Corporation Ltd., Fuji Electric Ltd., Harbin Electric Company Limited, Bharat Heavy Electricals Limited, Ansaldo Energia SpA, Power Machines Ltd., NPO Saturn PJSC, Elliott Group Corp, Triveni Turbine Limited, Turboden S.p.A., L&T-MHI Power Turbine Generators Pvt Ltd., Beijing Beizhong Steam Turbine Generator Co. Ltd., CMI Energy India Pvt Ltd

38. Global Steam Turbine Market Competitive Benchmarking And Dashboard

39. Key Mergers And Acquisitions In The Steam Turbine Market

40. Steam Turbine Market High Potential Countries, Segments and Strategies

40.1 Steam Turbine Market In 2030 - Countries Offering Most New Opportunities

40.2 Steam Turbine Market In 2030 - Segments Offering Most New Opportunities

40.3 Steam Turbine Market In 2030 - Growth Strategies

40.3.1 Market Trend Based Strategies

40.3.2 Competitor Strategies

41. Appendix

41.1. Abbreviations

41.2. Currencies

41.3. Historic And Forecast Inflation Rates

41.4. Research Inquiries

41.5. The Business Research Company

41.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Steam Turbine Market, Overview Of Key Products - Product Examples
  • Table 2: Global Steam Turbine Market Attractiveness, Factor-Wise Evaluation
  • Table 3: Global Steam Turbine Market, Supply Chain Analysis
  • Table 4: Global Steam Turbine Market, Major Raw Material Providers
  • Table 5: Global Steam Turbine Market, Major Resource Providers
  • Table 6: Global Steam Turbine Market, Major Manufacturers (Suppliers)
  • Table 7: Global Steam Turbine Market, Major Distributors And Channel Partners
  • Table 8: Global Steam Turbine Market, Key Technologies & Future Trends
  • Table 9: Global Steam Turbine Market, Major Trends
  • Table 10: Global Steam Turbine Market, Major End Users
  • Table 11: Global Steam Turbine Market, PESTEL (Political, Economic, Social, Technology, Environmental and Legal) Analysis
  • Table 12: Global Steam Turbine Historic Market Growth, 2020-2025, $ Billion
  • Table 13: Global Steam Turbine Forecast Market Growth, 2025-2030F, 2035F, $ Billion
  • Table 14: Global Steam Turbine Market - TAM, US$ Billion, 2025
  • Table 15: Global Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 16: Global Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 17: Global Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 18: Global Steam Turbine Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 19: Global Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 20: Global Steam Turbine Market, Sub-Segmentation Of Gas, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 21: Global Steam Turbine Market, Sub-Segmentation Of Coal, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 22: Global Steam Turbine Market, Sub-Segmentation Of Nuclear, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 23: Global Steam Turbine Market, Sub-Segmentation Of Other Plant Types, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 24: Global Steam Turbine Market, Split By Region, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 25: Global Steam Turbine Market, Split By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 26: Asia-Pacific, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 27: Asia-Pacific, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 28: Asia-Pacific, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 29: China, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 30: China, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 31: China, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 32: India, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 33: India, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 34: India, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 35: Japan, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 36: Japan, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 37: Japan, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 38: Australia, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 39: Australia, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 40: Australia, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 41: Indonesia, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 42: Indonesia, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 43: Indonesia, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 44: South Korea, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 45: South Korea, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 46: South Korea, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 47: Taiwan, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 48: Taiwan, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 49: Taiwan, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 50: South East Asia, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 51: South East Asia, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 52: South East Asia, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 53: Western Europe, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 54: Western Europe, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 55: Western Europe, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 56: UK, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 57: UK, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 58: UK, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 59: Germany, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 60: Germany, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 61: Germany, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 62: France, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 63: France, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 64: France, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 65: Italy, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 66: Italy, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 67: Italy, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 68: Spain, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 69: Spain, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 70: Spain, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 71: Eastern Europe, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 72: Eastern Europe, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 73: Eastern Europe, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 74: Russia, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 75: Russia, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 76: Russia, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 77: North America, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 78: North America, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 79: North America, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 80: USA, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 81: USA, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 82: USA, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 83: Canada, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 84: Canada, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 85: Canada, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 86: South America, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 87: South America, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 88: South America, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 89: Brazil, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 90: Brazil, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 91: Brazil, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 92: Middle East, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 93: Middle East, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 94: Middle East, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 95: Africa, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 96: Africa, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 97: Africa, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 98: Global Steam Turbine Key Competitor Estimated Market Shares, 2024, Percentage (%)
  • Table 99: Global Steam Turbine Market - Company Scoring Matrix
  • Table 100: Hitachi Ltd. Financial Performance
  • Table 101: Siemens AG Financial Performance
  • Table 102: General Electric Company Financial Performance
  • Table 103: Toshiba Corporation Financial Performance
  • Table 104: Shanghai Electric Group Corp Financial Performance
  • Table 105: Global Steam Turbine Market, Competitive Benchmarking (In USD Billions)
  • Table 106: Global Steam Turbine Market, Competitive Dashboard
  • Table 107: Global Steam Turbine Market Size Gain ($ Billion), 2025 – 2030 By Country
  • Table 108: Global, Steam Turbine Market Size Gain ($ Billion), Segmentation By Plant Type, 2025 – 2030
  • Table 109: Global, Steam Turbine Market Size Gain ($ Billion), Segmentation By Capacity, 2025 – 2030
  • Table 110: Global, Steam Turbine Market Size Gain ($ Billion), Segmentation By Technology, 2025 – 2030

List Of Figures

    Figure 1: Global Steam Turbine Market, Overview Of Key Products - Product Examples
  • Figure 2: Global Steam Turbine Market Attractiveness, Factor-Wise Evaluation
  • Figure 3: Global Steam Turbine Market, Supply Chain Analysis
  • Figure 4: Global Steam Turbine Market, Major Raw Material Providers
  • Figure 5: Global Steam Turbine Market, Major Resource Providers
  • Figure 6: Global Steam Turbine Market, Major Manufacturers (Suppliers)
  • Figure 7: Global Steam Turbine Market, Major Distributors And Channel Partners
  • Figure 8: Global Steam Turbine Market, Key Technologies & Future Trends
  • Figure 9: Global Steam Turbine Market, Major Trends
  • Figure 10: Global Steam Turbine Market, Major End Users
  • Figure 11: Global Steam Turbine Market, PESTEL (Political, Economic, Social, Technology, Environmental and Legal) Analysis
  • Figure 12: Global Steam Turbine Historic Market Growth, 2020-2025, $ Billion
  • Figure 13: Global Steam Turbine Forecast Market Growth, 2025-2030F, 2035F, $ Billion
  • Figure 14: Global Steam Turbine Market - TAM, US$ Billion, 2025
  • Figure 15: Global Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 16: Global Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 17: Global Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 18: Global Steam Turbine Market, Segmentation By Design, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 19: Global Steam Turbine Market, Segmentation By End-Use Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 20: Global Steam Turbine Market, Sub-Segmentation Of Gas, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 21: Global Steam Turbine Market, Sub-Segmentation Of Coal, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 22: Global Steam Turbine Market, Sub-Segmentation Of Nuclear, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 23: Global Steam Turbine Market, Sub-Segmentation Of Other Plant Types, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 24: Global Steam Turbine Market, Split By Region, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 25: Global Steam Turbine Market, Split By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 26: Asia-Pacific, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 27: Asia-Pacific, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 28: Asia-Pacific, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 29: China, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 30: China, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 31: China, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 32: India, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 33: India, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 34: India, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 35: Japan, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 36: Japan, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 37: Japan, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 38: Australia, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 39: Australia, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 40: Australia, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 41: Indonesia, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 42: Indonesia, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 43: Indonesia, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 44: South Korea, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 45: South Korea, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 46: South Korea, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 47: Taiwan, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 48: Taiwan, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 49: Taiwan, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 50: South East Asia, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 51: South East Asia, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 52: South East Asia, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 53: Western Europe, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 54: Western Europe, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 55: Western Europe, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 56: UK, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 57: UK, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 58: UK, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 59: Germany, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 60: Germany, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 61: Germany, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 62: France, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 63: France, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 64: France, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 65: Italy, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 66: Italy, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 67: Italy, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 68: Spain, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 69: Spain, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 70: Spain, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 71: Eastern Europe, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 72: Eastern Europe, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 73: Eastern Europe, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 74: Russia, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 75: Russia, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 76: Russia, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 77: North America, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 78: North America, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 79: North America, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 80: USA, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 81: USA, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 82: USA, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 83: Canada, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 84: Canada, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 85: Canada, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 86: South America, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 87: South America, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 88: South America, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 89: Brazil, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 90: Brazil, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 91: Brazil, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 92: Middle East, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 93: Middle East, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 94: Middle East, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 95: Africa, Steam Turbine Market, Segmentation By Plant Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 96: Africa, Steam Turbine Market, Segmentation By Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 97: Africa, Steam Turbine Market, Segmentation By Technology, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 98: Global Steam Turbine Key Competitor Estimated Market Shares, 2024, Percentage (%)
  • Figure 99: Global Steam Turbine Market - Company Scoring Matrix
  • Figure 100: Hitachi Ltd. Financial Performance
  • Figure 101: Siemens AG Financial Performance
  • Figure 102: General Electric Company Financial Performance
  • Figure 103: Toshiba Corporation Financial Performance
  • Figure 104: Shanghai Electric Group Corp Financial Performance
  • Figure 105: Global Steam Turbine Market, Competitive Benchmarking (In USD Billions)
  • Figure 106: Global Steam Turbine Market, Competitive Dashboard
  • Figure 107: Global Steam Turbine Market Size Gain ($ Billion), 2025 – 2030 By Country
  • Figure 108: Global, Steam Turbine Market Size Gain ($ Billion), Segmentation By Plant Type, 2025 – 2030
  • Figure 109: Global, Steam Turbine Market Size Gain ($ Billion), Segmentation By Capacity, 2025 – 2030
  • Figure 110: Global, Steam Turbine Market Size Gain ($ Billion), Segmentation By Technology, 2025 – 2030

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Steam Turbine Market Report 2026 - Global Outlook – By Plant Type (Gas, Coal, Nuclear, Other Plant Types), By Capacity (Rated Power (<60MW), Rated Power (60-200MW), Rated Power (>200MW)), By Technology (Steam Cycle, Comb...

Steam Turbine Market Report 2026 - Global Outlook – By Plant Type (Gas, Coal, Nuclear, Other Plant Types), By Capacity (Rated Power (<60MW), Rated Power (60-200MW), Rated Power (>200MW)), By Technology (Steam Cycle, Comb...

Wind Turbine Market Report 2026 - Global Outlook – By Component (Rotator Blade, Gearbox, Generator, Nacelle, Other Components), By Axis Type (Horizontal, Vertical ), By Location Of Deployment (Onshore, Offshore ), By Con...

Hydropower Turbine Market Report 2026 - Global Outlook – By Type ( Reactive, Impulse, Gravity, Other Types), By Head Type ( Low Head Turbine (Up to 30m), Medium Head Turbine (30-300m), High Head Turbine (above 300m)), By...

Hydropower Turbine Market Report 2026 - Global Outlook – By Type ( Reactive, Impulse, Gravity, Other Types), By Head Type ( Low Head Turbine (Up to 30m), Medium Head Turbine (30-300m), High Head Turbine (above 300m)), By...

Aviation Gas Turbine Market Report 2026 - Global Outlook – By Type (Turbojet, Turbofan, Turboprop, Other Types), By Propulsion (Electric Based Commercial Aircraft, Special Fuel Based Commercial Aircraft), By Application ...

Turbine Control System Market Report 2026 - Global Outlook – By Type (Gas Turbine, Steam Turbine, Hydro-Turbine, Wind Turbine, Other Types), By Component (Sensors, Human-Machine Interface, Controllers, Software, Other Co...

Aircraft Tires Market Report 2026 - Global Outlook – By Product (Radial, Bias), By Platform (Fixed Wing, Rotary Wing), By Application (Wide Body Aircraft, Very Large Aircraft, Regional Transport Aircraft, Narrow Body Air...

Frequently Asked Questions

The Steam Turbine market was valued at $ billion in 2025, increased to $ billion in 2026, and is projected to reach $ billion by 2030. request a sample here

The global Steam Turbine market is expected to grow at a CAGR of 1.9% from 2026 to 2035 to reach $ billion by 2035. request a sample here

Some Key Players in the Steam Turbine market Include, Hitachi Ltd., Siemens AG, General Electric Company, Toshiba Corporation, Shanghai Electric Group Corp, Kawasaki Heavy Industries Ltd., Doosan Enerbility Co. Ltd., Dongfang Electric Corporation Ltd., Fuji Electric Ltd., Harbin Electric Company Limited, Bharat Heavy Electricals Limited, Ansaldo Energia SpA, Power Machines Ltd., NPO Saturn PJSC, Elliott Group Corp, Triveni Turbine Limited, Turboden S.p.A., L&T-MHI Power Turbine Generators Pvt Ltd., Beijing Beizhong Steam Turbine Generator Co. Ltd., CMI Energy India Pvt Ltd, Dresser-Rand Group Inc. . request a sample here

Major trend in this market includes: Strategic Collaborations In The Steam Turbine Market. For further insights on this market. request a sample here

Western Europe was the largest region in the steam turbine market share in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the steam turbine market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa request a sample here.

Major companies operating in the Steam Turbine market are Major companies operating in the steam turbine market are Hitachi Ltd., Siemens AG, General Electric Company, Toshiba Corporation, Shanghai Electric Group Corp, Kawasaki Heavy Industries Ltd., Doosan Enerbility Co. Ltd., Dongfang Electric Corporation Ltd., Fuji Electric Ltd., Harbin Electric Company Limited, Bharat Heavy Electricals Limited, Ansaldo Energia SpA, Power Machines Ltd., NPO Saturn PJSC, Elliott Group Corp, Triveni Turbine Limited, Turboden S.p.A., L&T-MHI Power Turbine Generators Pvt Ltd., Beijing Beizhong Steam Turbine Generator Co. Ltd., CMI Energy India Pvt Ltd, Dresser-Rand Group Inc. request a sample here.

Major trends in this market include Major companies operating in the steam turbine market are adopting a strategic partnership approach to maximize the utilization and harness the energy content of syngas through the generation of steam. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in June 2023, Imerys S.A., a France-based mining company, partnered with E.ON SE, a Germany-based electric utility company. Through this partnership, E.ON is set to construct an advanced energy recovery facility at the Imerys site. The primary objective is to maximize and harness the energy content of syngas through steam production. The plant will employ a high-efficiency steam turbine with a capacity of up to 29 MWel to generate electricity. In addition to fulfilling Imerys' local energy requirements, the produced electricity will be fed into the public grid, catering to the energy needs of approximately 40,000 households. E.ON also envisions exploring the prospect of utilizing the residual heat from the power plant as a potential source for a district heating network in the future.. For further insights on this market, request a sample here.

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