蒸気タービン市場レポート：排気タイプ、容量、技術、用途、地域別、2024～2032年

世界の蒸気タービン市場規模は2023年に258億米ドルに達しました。今後、IMARC Groupは、2024～2032年にかけて3.5%の成長率（CAGR）を示し、2032年には356億米ドルに達すると予測しています。再生可能エネルギー発電の成長は、発電需要の増加、工業化と経済成長の拡大、再生可能エネルギー統合の増加、急速な技術進歩、既存の蒸気タービンのアップグレードまたは交換の必要性の高まりによってもたらされます。

蒸気タービン市場分析：

主要市場促進要因：電力需要の増加と再生可能エネルギーへのシフトは、市場促進要因の一部です。

主要市場動向：配電発電の増加と再生可能エネルギーへの投資の増加が市場動向です。

地理的動向：急速な工業化と電力需要の増加により、アジア太平洋が市場を独占しています。

競合情勢：Arani Power Systems Limited、Doosan Skoda Power、Elliott Company（Ebara Corporation）、Fuji Electric Co. Ltd.などが主要な市場参入企業です。

課題と機会：激しい競合と価格圧力が市場に課題をもたらしています。製品技術の急速な革新が市場成長の機会をもたらしています。

蒸気タービン市場傾向：

電力需要の増加

電力需要の増加が市場を後押ししています。国際エネルギー機関（IEA）の予測によると、2021年の世界のエネルギー消費量は4.6％増加し、2018年を上回るといいます。蒸気タービンは、水を加熱することで機械エネルギーまたは回転エネルギーを発生させる発電機です。蒸気タービンは世界の電力の大部分を発電し、2021年には国内電力の45％を占める。蒸気タービンの大部分にはボイラーが含まれており、燃料を燃焼させて熱交換器で温水と蒸気を発生させる。この蒸気がタービンに電力を供給し、タービンが発電機を駆動します。米国最大の電力施設の大半は蒸気タービンを使用しています。このように発電のためにタービンの使用量が増加していることが、蒸気タービン市場のシェアを押し上げています。

自家発電の需要拡大

オンサイト発電の需要拡大や蒸気集約型産業における良好な成長展望により、蒸気タービンの産業用途は増加すると予想されます。製糖工場、製油所、パルプ・製紙産業、化学施設などで蒸気タービンの需要が伸びており、市場シェアも拡大します。発電能力の拡大に関する有利な政策は、ビジネス力学が電力消費の増加に対応し、需給ギャップを埋めるのに役立つと考えられます。超・超々臨界圧技術の使用の増加と、既存の発電所のコンバインドサイクルシステムへの転換は、製品採用を促進する2つの重要な要因です。サステイナブルエネルギー・ネットワークとエネルギー効率の高い技術を確立するための政府のイニシアティブの高まりは、このセクターの力学をさらに活性化すると考えられます。

発電所数の増加

エネルギー不足を補うため、発電所数の増加が見込まれており、これが今後数年間のタービン需要を促進すると予測されています。2022年には、米国が北米最大の市場に浮上しました。米国でタービンの需要が拡大している主要理由の一つは、信頼性の高いエネルギー源である天然ガス複合発電所の数が増加していることです。同国の政策立案者は、サステイナブルエネルギー生産プラントの設立に注力しています。このため、米国では将来的に蒸気タービンの設置台数が増加し、蒸気タービン市場の収益が促進されると予想されます。

蒸気タービン市場のセグメンテーション：

IMARC Groupは、市場の各セグメントにおける主要動向の分析と、2024～2032年までの世界、地域、国レベルの予測を提供しています。当レポートでは、排気タイプ、容量、技術、用途に基づいて市場を分類しています。

排気タイプ別内訳

凝縮

非凝縮

凝縮が市場を独占

当レポートでは、排気タイプ別の市場の詳細な区分と分析を行っています。これには凝縮と非凝縮が含まれます。報告書によると、凝縮が最大のセグメントを占めています。

復水セグメントは蒸気タービン市場概要の中で最大のセグメントであり、予測期間中に最も高いCAGRを記録すると予想されています。非凝縮蒸気タービンは高圧蒸気を使用し、低圧蒸気をヘッダーに排気します。復水タービンは、復水を回収するために表面復水器に排気します。表面復水器は、通常、関連する高温井戸を備えた大型の交換器であり、空気ファンの形態をとることもできます。復水蒸気タービンは、安定した発電と特定の圧力での蒸気抽出が必要な場合に使用されます。蒸気は、初期状態と最終状態との間に大きなエンタルピー差があるため、最大のエネルギーを抽出するために使用されます。凝縮蒸気タービンは、タービンが中心電力を生産し、プロセス・プラントの蒸気需要を満たすコージェネレーションに一般的に採用されています。

容量別の内訳

120MW以下

121～350 MW

351～750 MW

750MW以上

121～350 MWが最大シェア

本レポートでは、容量別の市場の詳細区分と分析も行っています。これには120MW以下、121～350MW、351～750MW、750MW以上が含まれます。報告書によると、121～350MWが最大の市場シェアを占めています。

蒸気タービン市場レポートによると、121～350MWが容量レンジで市場をリードしています。これは汎用性とエネルギー効率によるものです。この範囲のタービンは、発電所での発電に使用されます。主に大規模な産業用途で使用されます。タービンは大量の電力を生み出すことができるため、世界中のエネルギー需要を満たす上で重要な役割を担っています。さらに、これらのタービンは再生可能エネルギー源とも統合されているため、市場での需要も増加しています。

技術別内訳

蒸気サイクル

複合サイクル

コジェネレーション

蒸気サイクルが市場で最大シェアを占める

本レポートでは、技術別の市場の詳細区分と分析も行っています。これには、蒸気サイクル、複合サイクル、コージェネレーションが含まれます。報告書によると、蒸気サイクルが最大の市場シェアを占めています。

蒸気タービン市場予測では、蒸気サイクルが主要セグメントであることを示しています。蒸気サイクルは、PWRと同じく2ループで、一次加圧された重水ループが熱エネルギーを普通水のループに伝え、蒸気を発生させる。従来の蒸気サイクルプラントは、蒸気が支配する貯水池からエネルギーを生成するために利用されます。蒸気は井戸から抽出され、巻き込まれた沈殿物を除去するために洗浄され、蒸気タービンに直接送られます。蒸気サイクルは、熱エネルギーを機械エネルギーに変換し、さらに電気に変換するのにも役立ちます。

用途別内訳

発電

石油化学

石油・ガス

その他

発電が市場で最大のシェアを占める

本レポートでは、用途別の市場内訳と分析も詳細に掲載しています。これには発電、石油化学、石油・ガス、その他が含まれます。報告書によると、発電が最大の市場シェアを占めています。

発電が市場をリードしています。これは蒸気タービン市場の展望にプラスの影響を与えています。天然ガス・コンバインドサイクル発電所、火力石炭発電所、無停電電力供給重視の高まりなどの要因が、発電におけるこれらのタービンの需要を促進すると予想されています。都市化の進展、エネルギー需要の増加、工業化とインフラ開発活動を促進するための政府努力の高まりにより、発電の必要性が高まっています。これが製品需要を刺激しています。さらに、再生可能エネルギー源とタービンの統合は、市場の成長をさらに拡大させています。

地域別内訳

北米

米国

カナダ

アジア太平洋

中国

日本

インド

韓国

オーストラリア

インドネシア

その他

欧州

ドイツ

フランス

英国

イタリア

スペイン

ロシア

その他

ラテンアメリカ

ブラジル

メキシコ

その他

中東・アフリカ

アジア太平洋が市場をリードし、最大の蒸気タービン市場シェアを占める

この調査レポートは、北米（米国、カナダ）、アジア太平洋（中国、日本、インド、韓国、オーストラリア、インドネシア、その他）、欧州（ドイツ、フランス、英国、イタリア、スペイン、ロシア、その他）、ラテンアメリカ（ブラジル、メキシコ、その他）、中東アフリカを含むすべての主要地域市場の包括的な分析も提供しています。報告書によると、アジア太平洋が最大の市場シェアを占めています。

アジア太平洋は市場をリードしています。同地域では、最近のさまざまな蒸気タービン市場の動向が市場を牽引しています。世界の電力需要の増加に伴い、バングラデシュのフラリ石炭火力発電所やインドのパトラツ超火力発電所（石炭火力発電所）などの火力発電施設の建設が計画されており、蒸気タービンセグメントの成長が見込まれています。中国は世界最大の火力発電施設建設国であり、すでに蒸気タービンを多用しています。電力需要に対応するため、富陽発電所や華電莱州発電所のような超々臨界石炭発電所が建設されました。このことは、新たな蒸気タービン市場動向に大きな機会を提供することになります。

本レポートで扱う主要質問

• 2023年の世界の蒸気タービン市場の市場規模は？
• 2024～2032年の世界の蒸気タービン市場の予想成長率は？
• 世界の蒸気タービン市場を牽引する主要要因は？
• 世界の蒸気タービン市場に対するCOVID-19の影響は？
• 世界の蒸気タービン市場の排気タイプ別内訳は？
• 世界の蒸気タービン市場の容量別内訳は？
• 世界の蒸気タービン市場の技術別内訳は？
• 世界の蒸気タービン市場の用途別内訳は？
• 世界の蒸気タービン市場の主要地域は？
• 世界の蒸気タービン市場の主要参入企業/企業は？

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査の目的
• ステークホルダー
• データソース
  • 一次情報
  • 二次情報
• 市場推定
  • ボトムアップアプローチ
  • トップダウンアプローチ
• 調査手法

第3章 エグゼクティブ概要

第4章 イントロダクション

• 概要
• 主要業界動向

第5章 世界の蒸気タービン市場

• 市場概要
• 市場実績
• COVID-19の影響
• 市場予測

第6章 市場内訳：排気タイプ別

• 凝縮
• 非凝縮

第7章 市場内訳：容量別

• 120MW以下
• 121～350MW
• 351～750MW
• 750MW以上

第8章 市場内訳：技術別

• 蒸気サイクル
• 複合サイクル
• コジェネレーション

第9章 市場内訳：用途別

• 発電
• 石油化学
• 石油・ガス
• その他

第10章 市場内訳：地域別

• 北米
  • 米国
  • カナダ
• アジア太平洋
  • 中国
  • 日本
  • インド
  • 韓国
  • オーストラリア
  • インドネシア
  • その他
• 欧州
  • ドイツ
  • フランス
  • 英国
  • イタリア
  • スペイン
  • ロシア
  • その他
• ラテンアメリカ
  • ブラジル
  • メキシコ
  • その他
• 中東・アフリカ
  • 市場動向
  • 市場内訳：国別
  • 市場予測

第11章 SWOT分析

• 概要
• 強み
• 弱み
• 機会
• 脅威

第12章 バリューチェーン分析

第13章 ポーターのファイブフォース分析

• 概要
• 買い手の交渉力
• 供給企業の交渉力
• 競合の程度
• 新規参入業者の脅威
• 代替品の脅威

第14章 価格分析

第15章 競合情勢

• 市場構造
• 主要企業
• 主要企業のプロファイル
  • Arani Power Systems Limited
  • Doosan Skoda Power
  • Elliott Company（Ebara Corporation）
  • Fuji Electric Co. Ltd.
  • General Electric Company
  • MAN Energy Solutions SE（Volkswagen AG）
  • Mitsubishi Heavy Industries Ltd
  • Shanghai Electric Group Company Limited
  • Siemens Energy AG
  • Toshiba Corporation
  • Turbine Generator Maintenance Inc.
  • Turbocam Inc.

List of Figures

• Figure 1: Global: Steam Turbine Market: Major Drivers and Challenges
• Figure 2: Global: Steam Turbine Market: Sales Value (in Billion US$), 2018-2023
• Figure 3: Global: Steam Turbine Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 4: Global: Steam Turbine Market: Breakup by Exhaust Type (in %), 2023
• Figure 5: Global: Steam Turbine Market: Breakup by Capacity (in %), 2023
• Figure 6: Global: Steam Turbine Market: Breakup by Technology (in %), 2023
• Figure 7: Global: Steam Turbine Market: Breakup by Application (in %), 2023
• Figure 8: Global: Steam Turbine Market: Breakup by Region (in %), 2023
• Figure 9: Global: Steam Turbine (Condensing) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 10: Global: Steam Turbine (Condensing) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 11: Global: Steam Turbine (Non-Condensing) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 12: Global: Steam Turbine (Non-Condensing) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 13: Global: Steam Turbine (Less than 120 MW) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 14: Global: Steam Turbine (Less than 120 MW) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 15: Global: Steam Turbine (121-350 MW) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 16: Global: Steam Turbine (121-350 MW) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 17: Global: Steam Turbine (351-750 MW) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 18: Global: Steam Turbine (351-750 MW) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 19: Global: Steam Turbine (More than 750 MW) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 20: Global: Steam Turbine (More than 750 MW) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 21: Global: Steam Turbine (Steam Cycle) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 22: Global: Steam Turbine (Steam Cycle) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 23: Global: Steam Turbine (Combined Cycle) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 24: Global: Steam Turbine (Combined Cycle) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 25: Global: Steam Turbine (Cogeneration) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 26: Global: Steam Turbine (Cogeneration) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 27: Global: Steam Turbine (Power Generation) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 28: Global: Steam Turbine (Power Generation) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 29: Global: Steam Turbine (Petrochemicals) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 30: Global: Steam Turbine (Petrochemicals) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 31: Global: Steam Turbine (Oil & Gas) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 32: Global: Steam Turbine (Oil & Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 33: Global: Steam Turbine (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 34: Global: Steam Turbine (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 35: North America: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 36: North America: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 37: United States: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 38: United States: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 39: Canada: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 40: Canada: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 41: Asia-Pacific: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 42: Asia-Pacific: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 43: China: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 44: China: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 45: Japan: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 46: Japan: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 47: India: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 48: India: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 49: South Korea: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 50: South Korea: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 51: Australia: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 52: Australia: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 53: Indonesia: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 54: Indonesia: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 55: Others: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 56: Others: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 57: Europe: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 58: Europe: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 59: Germany: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 60: Germany: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 61: France: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 62: France: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 63: United Kingdom: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 64: United Kingdom: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 65: Italy: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 66: Italy: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 67: Spain: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 68: Spain: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 69: Russia: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 70: Russia: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 71: Others: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 72: Others: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 73: Latin America: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 74: Latin America: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 75: Brazil: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 76: Brazil: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 77: Mexico: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 78: Mexico: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 79: Others: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 80: Others: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 81: Middle East and Africa: Steam Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 82: Middle East and Africa: Steam Turbine Market: Breakup by Country (in %), 2023
• Figure 83: Middle East and Africa: Steam Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 84: Global: Steam Turbine Industry: SWOT Analysis
• Figure 85: Global: Steam Turbine Industry: Value Chain Analysis
• Figure 86: Global: Steam Turbine Industry: Porter's Five Forces Analysis

List of Tables

• Table 1: Global: Steam Turbine Market: Key Industry Highlights, 2023 and 2032
• Table 2: Global: Steam Turbine Market Forecast: Breakup by Exhaust Type (in Million US$), 2024-2032
• Table 3: Global: Steam Turbine Market Forecast: Breakup by Capacity (in Million US$), 2024-2032
• Table 4: Global: Steam Turbine Market Forecast: Breakup by Technology (in Million US$), 2024-2032
• Table 5: Global: Steam Turbine Market Forecast: Breakup by Application (in Million US$), 2024-2032
• Table 6: Global: Steam Turbine Market Forecast: Breakup by Region (in Million US$), 2024-2032
• Table 7: Global: Steam Turbine Market: Competitive Structure
• Table 8: Global: Steam Turbine Market: Key Players

The global steam turbine market size reached US$ 25.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 35.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.5% during 2024-2032. The steam turbine market growth is driven by the increasing demand for power generation, growing industrialization and economic growth, rising renewable energy integration, rapid technological advancements, the escalating need to upgrade or replace existing steam turbines.

Steam Turbine Market Analysis:

Major Market Drivers: The increasing demand for electricity and the shift towards renewable energy sources are some of the major market drivers.

Key Market Trends: The rise of distribution generation and the increasing investments in renewable energy are the market trends.

Geographical Trends: Asia Pacific is dominating the market, driven by rapid industrialization and increasing power demand.

Competitive Landscape: Arani Power Systems Limited, Doosan Skoda Power, Elliott Company (Ebara Corporation), and Fuji Electric Co. Ltd. are some of the key market players.

Challenges and Opportunities: The intense competition and price pressures are posing challenges for the market. Rapid innovations in the product technology are offering opportunities for the market to grow.

Steam Turbine Market Trends:

Increasing demand for electricity

The increasing demand for electricity is bolstering the market. The International Energy Agency predicts that worldwide energy consumption will increase by 4.6% in 2021, more than what it was in 2018. A steam turbine is a generator that generates mechanical or rotational energy by heating water. Steam turbines generate the majority of the world's electricity, accounting for 45% of the nation's electricity in 2021. The majority of steam turbines include a boiler, which burns fuel to generate hot water and steam in a heat exchanger. The steam then supplies power to the turbine, which, in turn, drives a generator. The majority of the United States' largest electric power facilities use steam turbines. This increasing usage of the turbine to generate electricity is driving the steam turbine market share.

Growing demand for onsite power generation

Due to growing demand for on-site power generation and favorable growth prospects in steam-intensive industries, the industrial applications of steam turbines are expected to increase. As steam turbine demand is witnessing a growth in its usage in sugar plants, refineries, pulp and paper industries, and chemical facilities, its market share will also grow. Favorable policies on expanding power generation capacity will help business dynamics meet rising electricity consumption and close the demand-supply gap. The increased use of super and ultra-supercritical technologies, as well as the conversion of existing power plants into combined cycle systems, are two significant factors driving product adoption. Rising government initiatives to establish a sustainable energy network and energy-efficient technology will energize sector dynamics even more.

Rising number of power plants

A rise in the number of power plants is expected to be commissioned to compensate for the energy shortage and this is projected to propel the demand for these turbines in the coming years. In 2022, the United States emerged as North America's largest market. One of the primary reasons for the expanding demand for these turbines in the United States is the increased number of combined-cycle natural gas plants in the country, which are reliable sources of energy. The country's policymakers are focusing on establishing sustainable energy-producing plants. This is expected to increase the number of steam turbine installations in the United States in the future years, catalyzing the steam turbine market revenue.

Steam Turbine Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on exhaust type, capacity, technology, and application.

Breakup by Exhaust Type:

Condensing

Non-Condensing

Condensing dominates the market

The report has provided a detailed breakup and analysis of the market based on the exhaust type. This includes condensing and non-condensing. According to the report, condensing represented the largest segment.

The condensing segment is the largest segment of the steam turbine market overview and it is expected to register the highest CAGR during the forecast period. The noncondensing steam turbine uses high-pressure steam and exhausts lower-pressure steam to a header. To recover condensate, the condensing turbine exhausts to a surface condenser, which is typically a large exchanger with an associated hot well and can also take the form of an air fan. Condensing steam turbines are used when steady power production and steam extraction at a specific pressure are required. Steam may be used to extract the greatest energy due to the significant enthalpy difference between its initial and final conditions. Condensing steam turbines are commonly employed for cogeneration, in which the turbine produces the central power and meets the steam needs of the process plant.

Breakup by Capacity:

Less than 120 MW

121-350 MW

351-750 MW

More than 750 MW

121-350 MW holds the largest share in the market

A detailed breakup and analysis of the market based on the capacity have also been provided in the report. This includes less than 120 MW, 121-350 MW, 351-750 MW, and more than 750 MW. According to the report, 121-350 MW accounted for the largest market share.

The steam turbine market report shows that 121-350 MW is leading the market in capacity range. This is due to its versatility and energy efficiency. The turbines within this range are used for generating electricity in power plants. They are mainly used in large-scale industrial applications. They can produce a large amount of power which makes them important in meeting the energy needs worldwide. Furthermore, these turbines are also integrated with renewable energy sources, which, in turn, increases their demand in the market.

Breakup by Technology:

Steam Cycle

Combined Cycle

Cogeneration

Steam cycle holds the maximum share in the market

A detailed breakup and analysis of the market based on the technology have also been provided in the report. This includes steam cycle, combined cycle, and cogeneration. According to the report, steam cycle accounted for the largest market share.

The steam turbine market forecast shows that the steam cycle is the leading segment. The steam cycle, like the PWR, is two-loop, with the primary pressurized heavy-water loop transmitting heat energy to a loop of ordinary water to generate steam. Conventional steam-cycle plants are utilized to generate energy from vapor-dominated reservoirs. Steam is extracted from the wells, cleaned to eliminate any entrained sediments, and routed directly to a steam turbine. The steam cycle also helps in converting thermal energy into mechanical energy and then into electricity.

Breakup by Application:

Power Generation

Petrochemicals

Oil & Gas

Others

Power generation holds the biggest share in the market

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes power generation, petrochemicals, oil & gas, and others. According to the report, power generation accounted for the largest market share.

Power generation is leading the market. It is positively impacting the steam turbine market outlook. Factors such as natural gas combined cycle plants, thermal coal plants, and rising emphasis on uninterrupted power supply are expected to propel the demand for these turbines in power generation. With growing urbanization, increasing demand for energy, and rising government efforts to promote industrialization and infrastructure development activities, the need for power generation is escalating. This, in turn, is catalyzing the product demand. Furthermore, the integration of turbines with renewable energy sources further expands the market growth.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Asia Pacific leads the market, accounting for the largest steam turbine market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

Asia Pacific is leading the market. The region is witnessing various steam turbine market recent developments, which, in turn, are propelling the market. With the increase in worldwide power demand, proposed thermal facilities such as Bangladesh's Phulari Coal Powered Plant and India's Patratu Super-Thermal Power Plant (Coal) are expected to keep the steam turbine sector growing. China is the world's largest builder of thermal power facilities, and it already makes extensive use of steam turbines. To address the need for electricity, ultra-supercritical coal facilities like Fuyang Power Station and Huadian Laizhou Power Station were built. This, in turn, offers significant opportunities for emerging steam turbine market trends.

Competitive Landscape:

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Arani Power Systems Limited

Doosan Skoda Power

Elliott Company (Ebara Corporation)

Fuji Electric Co. Ltd.

General Electric Company

MAN Energy Solutions SE (Volkswagen AG)

Mitsubishi Heavy Industries Ltd

Shanghai Electric Group Company Limited

Siemens Energy AG

Toshiba Corporation

Turbine Generator Maintenance Inc.

Turbocam Inc.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

The steam turbine companies are heavily investing in research and development to increase their product lines, which will help the market grow even further. Some of the leading market players are also adopting strategic initiatives to expand their worldwide footprint, including new product launches, agreements, mergers and acquisitions, partnerships, increased investments, and collaboration with other companies. Competitors in the industry are also focusing on offering cost-effective turbines to expand and maintain their position in an increasingly competitive and rising market environment. Another strategy adopted by the market players in the global industry is to produce locally to reduce operating costs. The market offers steam turbine market recent opportunities for domestic and global companies. To increase their global reach and client base, key market players are also focusing on product innovation.

Steam Turbine Market News:

February 26, 2024: Doosan Skoda Power has signed a contract to supply a steam turbine for a waste-to-energy power plant in the United States. This will be the company's first project outside of Europe with Covanta, the waste facility operator.

May 7, 2024: Elliott Company announced that it has been contracted to provide a motor-driven recycle compressor with a variable frequency drive (VFD) for the Sustainable Fuel Development Project (SFP) by TTCL Public Company Limited.

April 5, 2024: Fuji Electric Co. Ltd. announced the launch of the HPnC Series, a new series of large-capacity industrial IGBT* modules for applications including power converters for solar and wind power generation systems.

Key Questions Answered in This Report

• 1. What was the size of the global steam turbine market in 2023?
• 2. What is the expected growth rate of the global steam turbine market during 2024-2032?
• 3. What are the key factors driving the global steam turbine market?
• 4. What has been the impact of COVID-19 on the global steam turbine market?
• 5. What is the breakup of the global steam turbine market based on the exhaust type?
• 6. What is the breakup of the global steam turbine market based on the capacity?
• 7. What is the breakup of the global steam turbine market based on the technology?
• 8. What is the breakup of the global steam turbine market based on the application?
• 9. What are the key regions in the global steam turbine market?
• 10. Who are the key players/companies in the global steam turbine market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Steam Turbine Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Exhaust Type

• 6.1 Condensing
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Non-Condensing
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast

7 Market Breakup by Capacity

• 7.1 Less than 120 MW
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 121-350 MW
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 351-750 MW
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 More than 750 MW
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast

8 Market Breakup by Technology

• 8.1 Steam Cycle
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Combined Cycle
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Cogeneration
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast

9 Market Breakup by Application

• 9.1 Power Generation
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 Petrochemicals
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast
• 9.3 Oil & Gas
  • 9.3.1 Market Trends
  • 9.3.2 Market Forecast
• 9.4 Others
  • 9.4.1 Market Trends
  • 9.4.2 Market Forecast

10 Market Breakup by Region

• 10.1 North America
  • 10.1.1 United States
    • 10.1.1.1 Market Trends
    • 10.1.1.2 Market Forecast
  • 10.1.2 Canada
    • 10.1.2.1 Market Trends
    • 10.1.2.2 Market Forecast
• 10.2 Asia-Pacific
  • 10.2.1 China
    • 10.2.1.1 Market Trends
    • 10.2.1.2 Market Forecast
  • 10.2.2 Japan
    • 10.2.2.1 Market Trends
    • 10.2.2.2 Market Forecast
  • 10.2.3 India
    • 10.2.3.1 Market Trends
    • 10.2.3.2 Market Forecast
  • 10.2.4 South Korea
    • 10.2.4.1 Market Trends
    • 10.2.4.2 Market Forecast
  • 10.2.5 Australia
    • 10.2.5.1 Market Trends
    • 10.2.5.2 Market Forecast
  • 10.2.6 Indonesia
    • 10.2.6.1 Market Trends
    • 10.2.6.2 Market Forecast
  • 10.2.7 Others
    • 10.2.7.1 Market Trends
    • 10.2.7.2 Market Forecast
• 10.3 Europe
  • 10.3.1 Germany
    • 10.3.1.1 Market Trends
    • 10.3.1.2 Market Forecast
  • 10.3.2 France
    • 10.3.2.1 Market Trends
    • 10.3.2.2 Market Forecast
  • 10.3.3 United Kingdom
    • 10.3.3.1 Market Trends
    • 10.3.3.2 Market Forecast
  • 10.3.4 Italy
    • 10.3.4.1 Market Trends
    • 10.3.4.2 Market Forecast
  • 10.3.5 Spain
    • 10.3.5.1 Market Trends
    • 10.3.5.2 Market Forecast
  • 10.3.6 Russia
    • 10.3.6.1 Market Trends
    • 10.3.6.2 Market Forecast
  • 10.3.7 Others
    • 10.3.7.1 Market Trends
    • 10.3.7.2 Market Forecast
• 10.4 Latin America
  • 10.4.1 Brazil
    • 10.4.1.1 Market Trends
    • 10.4.1.2 Market Forecast
  • 10.4.2 Mexico
    • 10.4.2.1 Market Trends
    • 10.4.2.2 Market Forecast
  • 10.4.3 Others
    • 10.4.3.1 Market Trends
    • 10.4.3.2 Market Forecast
• 10.5 Middle East and Africa
  • 10.5.1 Market Trends
  • 10.5.2 Market Breakup by Country
  • 10.5.3 Market Forecast

11 SWOT Analysis

• 11.1 Overview
• 11.2 Strengths
• 11.3 Weaknesses
• 11.4 Opportunities
• 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

• 13.1 Overview
• 13.2 Bargaining Power of Buyers
• 13.3 Bargaining Power of Suppliers
• 13.4 Degree of Competition
• 13.5 Threat of New Entrants
• 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

• 15.1 Market Structure
• 15.2 Key Players
• 15.3 Profiles of Key Players
  • 15.3.1 Arani Power Systems Limited
    • 15.3.1.1 Company Overview
    • 15.3.1.2 Product Portfolio
  • 15.3.2 Doosan Skoda Power
    • 15.3.2.1 Company Overview
    • 15.3.2.2 Product Portfolio
    • 15.3.2.3 Financials
    • 15.3.2.4 SWOT Analysis
  • 15.3.3 Elliott Company (Ebara Corporation)
    • 15.3.3.1 Company Overview
    • 15.3.3.2 Product Portfolio
    • 15.3.3.3 SWOT Analysis
  • 15.3.4 Fuji Electric Co. Ltd.
    • 15.3.4.1 Company Overview
    • 15.3.4.2 Product Portfolio
    • 15.3.4.3 Financials
    • 15.3.4.4 SWOT Analysis
  • 15.3.5 General Electric Company
    • 15.3.5.1 Company Overview
    • 15.3.5.2 Product Portfolio
    • 15.3.5.3 Financials
    • 15.3.5.4 SWOT Analysis
  • 15.3.6 MAN Energy Solutions SE (Volkswagen AG)
    • 15.3.6.1 Company Overview
    • 15.3.6.2 Product Portfolio
    • 15.3.6.3 SWOT Analysis
  • 15.3.7 Mitsubishi Heavy Industries Ltd
    • 15.3.7.1 Company Overview
    • 15.3.7.2 Product Portfolio
    • 15.3.7.3 Financials
    • 15.3.7.4 SWOT Analysis
  • 15.3.8 Shanghai Electric Group Company Limited
    • 15.3.8.1 Company Overview
    • 15.3.8.2 Product Portfolio
  • 15.3.9 Siemens Energy AG
    • 15.3.9.1 Company Overview
    • 15.3.9.2 Product Portfolio
    • 15.3.9.3 Financials
  • 15.3.10 Toshiba Corporation
    • 15.3.10.1 Company Overview
    • 15.3.10.2 Product Portfolio
    • 15.3.10.3 Financials
    • 15.3.10.4 SWOT Analysis
  • 15.3.11 Turbine Generator Maintenance Inc.
    • 15.3.11.1 Company Overview
    • 15.3.11.2 Product Portfolio
  • 15.3.12 Turbocam Inc.
    • 15.3.12.1 Company Overview
    • 15.3.12.2 Product Portfolio