Steam Turbine Market 2028 by Type, Capacity, Application and Geography | The Insight Partners

Steam Turbine Market to 2028 - Global Analysis and Forecasts by Type (Steam Cycle, Combined Cycle, Cogeneration); Capacity (Below 120 MW, 121-350 MW, 351-750 MW, Above 750 MW); Application (Power generation, Petrochemical, Oil and Gas, Others) and Geography

Report Code: TIPRE00029390 | No. of Pages: 150 | Category: Energy and Power | Status: Upcoming

MARKET OVERVIEW
A steam turbine is a generator which utilizes heating water to create mechanical or rotational energy. An increased number of power plants are likely to be commissioned to compensate for the energy deficit and this is expected to propel the demand for steam turbines in the coming years. Rising demand for combined heat and power across North America is expected to drive the market in the region over the forecast period. In addition, an increase in the number of combined-cycle natural gas plants in the country as they are reliable sources of energy is one of the prominent reasons for the rising demand for steam turbines in the U.S. Thus, such growing demand for power is anticipated to drive the market growth over the projected period.

MARKET SCOPE
The "Global Steam Turbine Market Analysis to 2028" is a specialized and in-depth study of the power generation product and component with a special focus on the global market trend analysis. The report aims to provide an overview of the steam turbine market with detailed market segmentation by type, capacity, application and geography. The report provides key statistics on the market status of the leading steam turbine market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION
  • On the basis of type the market is segmented into steam cycle, combined cycle and cogeneration
  • On the basis capacity industry, the market is segmented as below 120 MW, 121-350 MW, 351-750 MW and Above 750 MW
  • On the basis application, the market is segmented as power generation, petrochemical, oil & gas and others
MARKET DYNAMICS

Drivers    
  • Increase in power consumption drives the market growth
  • Increase in combined cycle and co-generation operations
Restraints
  • Regulatory Policy Restrictions on Fossil-Fuel Fired Power Plants restraints the market growth
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The steam turbine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the steam turbine market in these regions.

IMPACT OF COVID-19 ON STEAM TURBINE MARKET
The emergence of the COVID-19 has severely impacted the power generation industries, which resulted decline in the steam turbine market in the year 2020. Stringent government regulations to maintain social distancing have led to shutdown of almost all commercial places, which has resulted into a sharp decline in demand for energy. In addition, the industry is affected by shortage of workers, owing to worldwide lockdown, which has reduced the production capacity of major manufactures in the market. The COVID-19 pandemic has hindered the growth of the market for steam turbines globally owing to the unavailability of steam turbine parts that delay their production and cause logistic issues. A reduction in new orders for turbine installations is being witnessed owing to the diversion of funds by steam turbine buyers to sustain the COVID-19 crisis. From 2021, with ease in restrictions and reopening of industries, significant increase in power demand has been witnessed which eventully drives the demand for steam turbine. For instance, as per the ministry data published in India, power consumption increased by 4.6% Y-o-Y in March 2022 to 126.12 billion units (BU) compared to 120.63 BU in March 2021. Thus, rising power demand in pandemic recovery period is anticipated to drive the market outlook over the forecast period.



Get more information on this report :

MARKET PLAYERS

The report covers key developments in the steam turbine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in the steam turbine market are anticipated to provide lucrative growth opportunities in the future owing favourable government regulations for mitigating carbon emissions.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the steam turbine market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
  • General Electric
  • Toshiba Energy Systems & Solutions Corporation
  • Siemens Energy
  • Elliott Group
  • TURBOCAM, Inc.
  • Alstom
  • MITSUBISHI HEAVY INDUSTRIES, LTD.
  • Doosan Škoda Power
  • Bharat Heavy Electricals Limited
  • Fuji Electric Co., Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study."


Get more information on this report :

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Steam Turbine Market - By Type
1.3.2 Steam Turbine Market - By Capacity
1.3.3 Steam Turbine Market - By Application
1.3.4 Steam Turbine Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. STEAM TURBINE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS

5. STEAM TURBINE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. STEAM TURBINE MARKET - GLOBAL MARKET ANALYSIS
6.1. STEAM TURBINE - GLOBAL MARKET OVERVIEW
6.2. STEAM TURBINE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. STEAM TURBINE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. STEAM CYCLE
7.3.1. Overview
7.3.2. Steam Cycle Market Forecast and Analysis
7.4. COMBINED CYCLE
7.4.1. Overview
7.4.2. Combined Cycle Market Forecast and Analysis
7.5. COGENERATION
7.5.1. Overview
7.5.2. Cogeneration Market Forecast and Analysis

8. STEAM TURBINE MARKET - REVENUE AND FORECASTS TO 2028 - CAPACITY
8.1. OVERVIEW
8.2. CAPACITY MARKET FORECASTS AND ANALYSIS
8.3. BELOW 120 MW
8.3.1. Overview
8.3.2. Below 120 MW Market Forecast and Analysis
8.4. 121-350 MW
8.4.1. Overview
8.4.2. 121-350 MW Market Forecast and Analysis
8.5. 351-750 MW
8.5.1. Overview
8.5.2. 351-750 MW Market Forecast and Analysis
8.6. ABOVE 750 MW
8.6.1. Overview
8.6.2. Above 750 MW Market Forecast and Analysis

9. STEAM TURBINE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. POWER GENERATION
9.3.1. Overview
9.3.2. Power generation Market Forecast and Analysis
9.4. PETROCHEMICAL
9.4.1. Overview
9.4.2. Petrochemical Market Forecast and Analysis
9.5. OIL AND GAS
9.5.1. Overview
9.5.2. Oil and Gas Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis

10. STEAM TURBINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Steam Turbine Market Overview
10.1.2 North America Steam Turbine Market Forecasts and Analysis
10.1.3 North America Steam Turbine Market Forecasts and Analysis - By Type
10.1.4 North America Steam Turbine Market Forecasts and Analysis - By Capacity
10.1.5 North America Steam Turbine Market Forecasts and Analysis - By Application
10.1.6 North America Steam Turbine Market Forecasts and Analysis - By Countries
10.1.6.1 United States Steam Turbine Market
10.1.6.1.1 United States Steam Turbine Market by Type
10.1.6.1.2 United States Steam Turbine Market by Capacity
10.1.6.1.3 United States Steam Turbine Market by Application
10.1.6.2 Canada Steam Turbine Market
10.1.6.2.1 Canada Steam Turbine Market by Type
10.1.6.2.2 Canada Steam Turbine Market by Capacity
10.1.6.2.3 Canada Steam Turbine Market by Application
10.1.6.3 Mexico Steam Turbine Market
10.1.6.3.1 Mexico Steam Turbine Market by Type
10.1.6.3.2 Mexico Steam Turbine Market by Capacity
10.1.6.3.3 Mexico Steam Turbine Market by Application
10.2. EUROPE
10.2.1 Europe Steam Turbine Market Overview
10.2.2 Europe Steam Turbine Market Forecasts and Analysis
10.2.3 Europe Steam Turbine Market Forecasts and Analysis - By Type
10.2.4 Europe Steam Turbine Market Forecasts and Analysis - By Capacity
10.2.5 Europe Steam Turbine Market Forecasts and Analysis - By Application
10.2.6 Europe Steam Turbine Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Steam Turbine Market
10.2.6.1.1 Germany Steam Turbine Market by Type
10.2.6.1.2 Germany Steam Turbine Market by Capacity
10.2.6.1.3 Germany Steam Turbine Market by Application
10.2.6.2 France Steam Turbine Market
10.2.6.2.1 France Steam Turbine Market by Type
10.2.6.2.2 France Steam Turbine Market by Capacity
10.2.6.2.3 France Steam Turbine Market by Application
10.2.6.3 Italy Steam Turbine Market
10.2.6.3.1 Italy Steam Turbine Market by Type
10.2.6.3.2 Italy Steam Turbine Market by Capacity
10.2.6.3.3 Italy Steam Turbine Market by Application
10.2.6.4 United Kingdom Steam Turbine Market
10.2.6.4.1 United Kingdom Steam Turbine Market by Type
10.2.6.4.2 United Kingdom Steam Turbine Market by Capacity
10.2.6.4.3 United Kingdom Steam Turbine Market by Application
10.2.6.5 Russia Steam Turbine Market
10.2.6.5.1 Russia Steam Turbine Market by Type
10.2.6.5.2 Russia Steam Turbine Market by Capacity
10.2.6.5.3 Russia Steam Turbine Market by Application
10.2.6.6 Rest of Europe Steam Turbine Market
10.2.6.6.1 Rest of Europe Steam Turbine Market by Type
10.2.6.6.2 Rest of Europe Steam Turbine Market by Capacity
10.2.6.6.3 Rest of Europe Steam Turbine Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Steam Turbine Market Overview
10.3.2 Asia-Pacific Steam Turbine Market Forecasts and Analysis
10.3.3 Asia-Pacific Steam Turbine Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Steam Turbine Market Forecasts and Analysis - By Capacity
10.3.5 Asia-Pacific Steam Turbine Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Steam Turbine Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Steam Turbine Market
10.3.6.1.1 Australia Steam Turbine Market by Type
10.3.6.1.2 Australia Steam Turbine Market by Capacity
10.3.6.1.3 Australia Steam Turbine Market by Application
10.3.6.2 China Steam Turbine Market
10.3.6.2.1 China Steam Turbine Market by Type
10.3.6.2.2 China Steam Turbine Market by Capacity
10.3.6.2.3 China Steam Turbine Market by Application
10.3.6.3 India Steam Turbine Market
10.3.6.3.1 India Steam Turbine Market by Type
10.3.6.3.2 India Steam Turbine Market by Capacity
10.3.6.3.3 India Steam Turbine Market by Application
10.3.6.4 Japan Steam Turbine Market
10.3.6.4.1 Japan Steam Turbine Market by Type
10.3.6.4.2 Japan Steam Turbine Market by Capacity
10.3.6.4.3 Japan Steam Turbine Market by Application
10.3.6.5 South Korea Steam Turbine Market
10.3.6.5.1 South Korea Steam Turbine Market by Type
10.3.6.5.2 South Korea Steam Turbine Market by Capacity
10.3.6.5.3 South Korea Steam Turbine Market by Application
10.3.6.6 Rest of Asia-Pacific Steam Turbine Market
10.3.6.6.1 Rest of Asia-Pacific Steam Turbine Market by Type
10.3.6.6.2 Rest of Asia-Pacific Steam Turbine Market by Capacity
10.3.6.6.3 Rest of Asia-Pacific Steam Turbine Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Steam Turbine Market Overview
10.4.2 Middle East and Africa Steam Turbine Market Forecasts and Analysis
10.4.3 Middle East and Africa Steam Turbine Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Steam Turbine Market Forecasts and Analysis - By Capacity
10.4.5 Middle East and Africa Steam Turbine Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Steam Turbine Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Steam Turbine Market
10.4.6.1.1 South Africa Steam Turbine Market by Type
10.4.6.1.2 South Africa Steam Turbine Market by Capacity
10.4.6.1.3 South Africa Steam Turbine Market by Application
10.4.6.2 Saudi Arabia Steam Turbine Market
10.4.6.2.1 Saudi Arabia Steam Turbine Market by Type
10.4.6.2.2 Saudi Arabia Steam Turbine Market by Capacity
10.4.6.2.3 Saudi Arabia Steam Turbine Market by Application
10.4.6.3 U.A.E Steam Turbine Market
10.4.6.3.1 U.A.E Steam Turbine Market by Type
10.4.6.3.2 U.A.E Steam Turbine Market by Capacity
10.4.6.3.3 U.A.E Steam Turbine Market by Application
10.4.6.4 Rest of Middle East and Africa Steam Turbine Market
10.4.6.4.1 Rest of Middle East and Africa Steam Turbine Market by Type
10.4.6.4.2 Rest of Middle East and Africa Steam Turbine Market by Capacity
10.4.6.4.3 Rest of Middle East and Africa Steam Turbine Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Steam Turbine Market Overview
10.5.2 South and Central America Steam Turbine Market Forecasts and Analysis
10.5.3 South and Central America Steam Turbine Market Forecasts and Analysis - By Type
10.5.4 South and Central America Steam Turbine Market Forecasts and Analysis - By Capacity
10.5.5 South and Central America Steam Turbine Market Forecasts and Analysis - By Application
10.5.6 South and Central America Steam Turbine Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Steam Turbine Market
10.5.6.1.1 Brazil Steam Turbine Market by Type
10.5.6.1.2 Brazil Steam Turbine Market by Capacity
10.5.6.1.3 Brazil Steam Turbine Market by Application
10.5.6.2 Argentina Steam Turbine Market
10.5.6.2.1 Argentina Steam Turbine Market by Type
10.5.6.2.2 Argentina Steam Turbine Market by Capacity
10.5.6.2.3 Argentina Steam Turbine Market by Application
10.5.6.3 Rest of South and Central America Steam Turbine Market
10.5.6.3.1 Rest of South and Central America Steam Turbine Market by Type
10.5.6.3.2 Rest of South and Central America Steam Turbine Market by Capacity
10.5.6.3.3 Rest of South and Central America Steam Turbine Market by Application

11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

12. STEAM TURBINE MARKET, KEY COMPANY PROFILES
12.1. GENERAL ELECTRIC
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. TOSHIBHA ENERGY SYSTEMS AND SOLUTIONS CORPORATION
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. SIEMENS ENERGY
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. ELLIOTT GROUP
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. TURBOCAM, INC.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. ALSTOM
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. MITSUBISHI HEAVY INDUSTRIES, LTD.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. DOOSAN ŠKODA POWER
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. BHARAT HEAVY ELECTRICALS LIMITED
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. FUJI ELECTRIC CO., LTD.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments

13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS

The List Of Companies

  1. General Electric
  2. Toshibha Energy Systems and Solutions Corporation
  3. Siemens Energy
  4. Elliott Group
  5. TURBOCAM, Inc.
  6. Alstom
  7. MITSUBISHI HEAVY INDUSTRIES, LTD.
  8. Doosan Škoda Power
  9. Bharat Heavy Electricals Limited
  10. Fuji Electric Co., Ltd.
TIPRE00029390
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Get the Latest COVID-19 Analysis on this market




Have a question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.


Speak To Analyst
Pricing
  • $3000
  • $4550
  • $6550
  • $8550
    GET FREE SAMPLE PDF

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.

    Inquire for Discount