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Steam Turbine Market by Design (Reaction and Impulse) and Application (Power generation, Petrochemical, Oil & Gas and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.

A05663
Pages: 175
Aug 2020 | 2237 Views
 
Author(s) : Ayushi Choudhary , Eswara Prasad
Tables: 86
Charts: 48
 

COVID-19

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The global steam turbine market was valued at $24.1 billion in 2019 and is projected to reach $30.2 billion by 2027, growing at a CAGR of 2.8% from 2020 to 2027. A steam turbine is a generator which utilizes heating water to create mechanical or rotational energy. According to the International Energy Agency, worldwide energy utilization increased by 2.3% in 2018, twice than the normal rate in last 10 years. This expansion was driven by strong development of worldwide economy and expanded interest for electricity. The demand for power increased with the rate of 4% and share of electricity in global energy consumption reached 20% in 2018. With growing electricity requirement, the demand for steam turbine is also expected to increase. Globally, most electric power is produced from steam-electric power plants. With growing population, it is expected that the demand for electricity will increase significantly. This factor is expected to further increase the demand for steam turbines. 

The confinement measures taken during lockdown have caused extensive reductions in each day industrial and commercial energy needs. This has affected steam turbine market because electricity generation is one of the widely recognized application of steam turbine.

Steam turbines are generally high in price. In an instance, in a steam turbine CHP plant, the installed cost of only CHP plant is around $5,000/kW or higher. In addition, steam turbines are less effective than reciprocating motors at part load activity. Furthermore, steam turbines have longer startup time when compared to gas turbines and reciprocating engines. All these factors are expected to hamper the growth of the market as they limit the use of steam turbines.

Steam-Turbine-Market-2020-2027

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However, the global steam turbine market is yet to explore its full potential. Government regulations are playing an important role in accelerating the growth of the market. ISO (the Universal Association for Institutionalization) is an overall alliance of national guidelines bodies (ISO part bodies). Universal associations, legislative and non-administrative staffs are in contact with ISO to take part in development of steam, turbine industries. ISO works together intimately with International Electrotechnical Commission (IEC) on all issues of electrotechnical developments. The ISO along with all the associated organization worked together to encourage the supply of steam turbines and gas extension turbines for mechanical applications.

The steam turbine market is fragmented on the basis of design, application, and region. By design, it is bifurcated into impulse and reaction. In a reaction turbine, the rotor sharp edges are organized to form nozzles.  This kind of turbine utilizes the reaction force that is produced by the steam moving through the nozzles, Steam is passed onto the rotor by the fixed vanes of the stator. In terms of application, the market is fragmented into power generation, petrochemical, industrial and others. 

Geographically, the market is examined crosswise over North America, Europe, Asia-Pacific, and LAMEA. According to the Central Electricity Authority India, power generation demand from thermal, hydel, and nuclear plants is expected to grow by 6.5% in 2020 in India. This figure is nearly double than the last year rise of 3.5%. Total generation from thermal, hydel and nuclear plants is estimated to be around 1,330 billion in 2019-20. As demand for power increases, it is expected that the requirement for steam turbine will also increase significantly, as steam turbine helps in power generation. This factor is likely to be expected to contribute towards the growth of the steam turbine market in Asia-pacific for power generation.

The global steam turbine market consists of players such as General Electric (GE) Co., Turbine Generator Maintenance Inc., Toshiba Corporation, Siemens AG, Arani power systems, Elliott Group, TURBOCAM, Doosan Škoda Power, Chola Turbo Machinery International Pvt. Ltd. and Mitsubishi Hitachi Power Systems Americas Inc. Among these, General Electric (GE) Co., Turbine Generator Maintenance Inc., Toshiba Corporation, Siemens AG, and Mitsubishi Hitachi Power Systems Americas Inc. hold significant steam turbine market share. 

Steam Turbine Market
By Type

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Impulse Turbine is projected as the most lucrative segment.

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These players have been adopting various strategies to gain higher share or to retain leading positions in the market. Merger is the strategy adopted when two companies combine together and act as a single entity to achieve a common purpose. Elliott Group announced merger of Ebara International Corporation which is based in Sparks, Nevada. Effective from April 1, 2019, the merged entity became one of four business units within Elliott Group.

Steam Turbine Market
By Application

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Oil & Gas is projected as the most lucrative segment.

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Impact of COVID-19

The pandemic caused from the outbreak of COVID-19 across the globe has impacted the global steam turbine market to a great extent. 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.

Steam Turbine Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific is expected to grow with a CAGR of 3.4% during the forecast period.

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Key Benefits For Stakeholders

  • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the steam turbine industry for building strategies. 
  • It outlines the current trends and future scenario of the steam turbine market size from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
  • Major countries in four major regions, namely, North America, Asia-Pacific, Europe, and LAMEA have been mapped according to their individual revenue contribution in the steam turbine market analysis at regional and country-level.
  • The steam turbine market trends such as drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
  • The profiles of key players along with their contribution in steam turbine market growth are enlisted in the report.
  • The global steam turbine market forecast analysis from 2019 to 2027 is included in the report.

Key Market Segments

By Design

  • Reaction
  • Impulse

By End-use Industry

  • Power generation 
  • Petrochemical
  • Oil & Gas
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Sweden
    • Austria
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • South Korea
    • Australia
    • Indonesia
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Key Players

  • General Electric (GE) Co. 
  • Turbine Generator Maintenance Inc. 
  • Toshiba Corporation 
  • Siemens AG 
  • Arani power systems 
  • Elliott Group 
  • TURBOCAM 
  • Doosan Škoda Power 
  • Chola Turbo Machinery International Pvt. Ltd. 
  • Mitsubishi Hitachi Power Systems Americas Inc. 
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders:
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings

2.1.1.Top investment pockets

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key forces shaping the steam turbine market
3.3.Market evolution/Industry roadmap
3.4.Impact of government regulations on the global steam turbine market
3.5.Patent Analysis

3.5.1.By Country

3.6.Case studies

3.6.1.Case Study 01

3.7.Market dynamics

3.7.1.Drivers

3.7.1.1.Rise in demand for energy
3.7.1.2.Reduction in fossil-based energy generation

3.7.2.Restraints

3.7.2.1.Higher efficiency of other turbines

3.7.3.Opportunity

3.7.3.1.Advancements promoting the use of steam turbine

3.8.Impact of COVID-19 on global steam turbine market

CHAPTER 4:STEAM TURBINE MARKET, BY DESIGN

4.1.Overview
4.2.Reaction

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Impulse

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

CHAPTER 5:STEAM TURBINE MARKET, BY APPLICATION

5.1.Overview
5.2.Power Generation

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Petrochemical

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

5.4.Oil & gas

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country

5.5.Others

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis, by country

CHAPTER 6:STEAM TURBINE MARKET, BY REGION

6.1.Overview
6.2.North America

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by design
6.2.3.Market size and forecast, by application
6.2.4.Market analysis, by country

6.2.4.1.US

6.2.4.1.1.Market size and forecast, by design
6.2.4.1.2.Market size and forecast, by application

6.2.4.2.Canada

6.2.4.2.1.Market size and forecast, by design
6.2.4.2.2.Market size and forecast, by application

6.2.4.3.Mexico

6.2.4.3.1.Market size and forecast, by design
6.2.4.3.2.Market size and forecast, by application

6.3.Europe

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by design
6.3.3.Market size and forecast, by application
6.3.4.Market analysis, by country

6.3.4.1.Germany

6.3.4.1.1.Market size and forecast, by design
6.3.4.1.2.Market size and forecast, by application

6.3.4.2.France

6.3.4.2.1.Market size and forecast, by design
6.3.4.2.2.Market size and forecast, by application

6.3.4.3.UK

6.3.4.3.1.Market size and forecast, by design
6.3.4.3.2.Market size and forecast, by application

6.3.4.4.Italy

6.3.4.4.1.Market size and forecast, by design
6.3.4.4.2.Market size and forecast, by application

6.3.4.5.Spain

6.3.4.5.1.Market size and forecast, by design
6.3.4.5.2.Market size and forecast, by application

6.3.4.6.Rest of Europe

6.3.4.6.1.Market size and forecast, by design
6.3.4.6.2.Market size and forecast, by application

6.4.Asia-Pacific

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by design
6.4.3.Market size and forecast, by application
6.4.4.Market analysis, by country

6.4.4.1.China

6.4.4.1.1.Market size and forecast, by design
6.4.4.1.2.Market size and forecast, by application

6.4.4.2.Japan

6.4.4.2.1.Market size and forecast, by design
6.4.4.2.2.Market size and forecast, by application

6.4.4.3.India

6.4.4.3.1.Market size and forecast, by design
6.4.4.3.2.Market size and forecast, by application

6.4.4.4.South Korea

6.4.4.4.1.Market size and forecast, by design
6.4.4.4.2.Market size and forecast, by application

6.4.4.5.Australia

6.4.4.5.1.Market size and forecast, by design
6.4.4.5.2.Market size and forecast, by application

6.4.4.6.Rest of Asia-Pacific

6.4.4.6.1.Market size and forecast, by design
6.4.4.6.2.Market size and forecast, by application

6.5.LAMEA

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by design
6.5.3.Market size and forecast, by application
6.5.4.Market analysis, by country

6.5.4.1.Brazil

6.5.4.1.1.Market size and forecast, by design
6.5.4.1.2.Market size and forecast, by application

6.5.4.2.Saudi Arabia

6.5.4.2.1.Market size and forecast, by design
6.5.4.2.2.Market size and forecast, by application

6.5.4.3.South Africa

6.5.4.3.1.Market size and forecast, by design
6.5.4.3.2.Market size and forecast, by application

6.5.4.4.Rest of LAMEA

6.5.4.4.1.Market size and forecast, by design
6.5.4.4.2.Market size and forecast, by application

CHAPTER 7:COMPETITIVE LANDSCAPE

7.1.Introduction

7.1.1.Market player positioning, 2018

7.2.Top winning strategies
7.3.Competitive heatmap

CHAPTER 8:COMPANY PROFILES:

8.1.ARANI POWER

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product portfolio

8.2.CHOLA TURBO MACHINERY INTERNATIONAL PVT. LTD

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Product portfolio

8.3.DOOSAN ŠKODA POWER

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Operating business segments

8.4.ELLIOTT GROUP

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Product portfolio
8.4.4.Key strategic moves and developments

8.5.GE CORPORATION

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product portfolio
8.5.5.R&D Expenditure
8.5.6.Business performance
8.5.7.MITSUBISHI HITACHI POWER SYSTEMS INC.
8.5.8.Company overview
8.5.9.Company snapshot
8.5.10.Product portfolio

8.6.SIEMENS AG

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Operating business segments
8.6.4.Product portfolio
8.6.5.Business performance

8.7.TOSHIBA CORPORATION

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product portfolio
8.7.5.Business performance

8.8.TURBINE GENERATOR MAINTENANCE INC.

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Operating business segments
8.8.4.Product portfolio

8.9.TURBOCAM

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Operating business segments
8.9.4.Product portfolio

8.10.Other key player profiles

8.10.1.Key player snapshot

LIST OF TABLES

TABLE 01.GLOBAL STEAM TURBINE MARKET, BY DESIGN, 2019-2027 ($MILLION)
TABLE 02.GLOBAL STEAM TURBINE MARKET, BY DESIGN, 2019-2027 (MW)
TABLE 03.STEAM TURBINE MARKET REVENUE FOR REACTION TURBINE, BY REGION 2019-2027 ($MILLION)
TABLE 04.STEAM TURBINE MARKET REVENUE FOR REACTION TURBINE, BY REGION 2019-2027 (MW)
TABLE 05.STEAM TURBINE MARKET REVENUE FOR IMPULSE TURBINE, BY REGION 2019-2027 ($MILLION)
TABLE 06.STEAM TURBINE MARKET REVENUE FOR IMPULSE TURBINE, BY REGION 2019-2027 (MW)
TABLE 07.GLOBAL STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 08.GLOBAL STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 (MW)
TABLE 09.STEAM TURBINE MARKET REVENUE FOR POWER GENERATION, BY REGION 2019-2027 ($MILLION)
TABLE 10.STEAM TURBINE MARKET REVENUE FOR POWER GENERATION, BY REGION 2019-2027 (MW)
TABLE 11.STEAM TURBINE MARKET REVENUE FOR PETROCHEMICAL , BY REGION 2019-2027 ($MILLION)
TABLE 12.STEAM TURBINE MARKET REVENUE FOR PETROCHEMICAL , BY REGION 2019-2027 (MW)
TABLE 13.STEAM TURBINE MARKET REVENUE FOR OIL & GAS, BY REGION 2019-2027 ($MILLION)
TABLE 14.STEAM TURBINE MARKET REVENUE FOR OIL & GAS, BY REGION 2019-2027 (MW)
TABLE 15.STEAM TURBINE MARKET REVENUE FOR OTHERS, BY REGION 2019-2027 ($MILLION)
TABLE 16.STEAM TURBINE MARKET REVENUE FOR OTHERS, BY REGION 2019-2027 (MW)
TABLE 17.GLOBAL STEAM TURBINE MARKET REVENUE, 2019–2027 ($MILLION)
TABLE 18.GLOBAL STEAM TURBINE MARKET REVENUE, 2019–2027 (MW)
TABLE 19.NORTH AMERICA STEAM TURBINE MARKET REVENUE, BY DESIGN 2019–2027 ($MILLION)
TABLE 20.NORTH AMERICA STEAM TURBINE MARKET REVENUE, BY DESIGN 2019–2027 (MW)
TABLE 21.NORTH AMERICA STEAM TURBINE MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 22.NORTH AMERICA STEAM TURBINE MARKET REVENUE, BY APPLICATION, 2019–2027 (MW)
TABLE 23.NORTH AMERICA STEAM TURBINE MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 24.NORTH AMERICA STEAM TURBINE MARKET REVENUE, BY COUNTRY, 2019–2027 (MW)
TABLE 25.US STEAM TURBINE MARKET, BY DESIGN, 2019-2027 ($MILLION)
TABLE 26.US STEAM TURBINE MARKET, BY DESIGN, 2019-2027 (MW)
TABLE 27.US STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 28.US STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 (MW)
TABLE 29.CANADA STEAM TURBINE MARKET, BY DESIGN, 2019-2027 ($MILLION)
TABLE 30.CANADA STEAM TURBINE MARKET, BY DESIGN, 2019-2027 (MW)
TABLE 31.CANADA STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 32.CANADA STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 (MW)
TABLE 33.MEXICO STEAM TURBINE MARKET, BY DESIGN, 2019-2027 ($MILLION)
TABLE 34.MEXICO STEAM TURBINE MARKET, BY DESIGN, 2019-2027 (MW)
TABLE 35.MEXICO STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 36.MEXICO STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 (MW)
TABLE 37.EUROPE STEAM TURBINE MARKET REVENUE, BY DESIGN 2019–2027 ($MILLION)
TABLE 38.EUROPE STEAM TURBINE MARKET REVENUE, BY DESIGN 2019–2027 (MW)
TABLE 39.EUROPE STEAM TURBINE MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 40.EUROPE STEAM TURBINE MARKET REVENUE, BY APPLICATION, 2019–2027 (MW)
TABLE 41.EUROPE STEAM TURBINE MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 42.EUROPE STEAM TURBINE MARKET REVENUE, BY COUNTRY, 2019–2027 (MW)
TABLE 43.GERMANY STEAM TURBINE MARKET, BY DESIGN, 2019-2027 ($MILLION)
TABLE 44.GERMANY STEAM TURBINE MARKET, BY DESIGN, 2019-2027 (MW)
TABLE 45.GERMANY STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 46.GERMANY STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 (MW)
TABLE 47.FRANCE STEAM TURBINE MARKET, BY DESIGN, 2019-2027 ($MILLION)
TABLE 48.FRANCE STEAM TURBINE MARKET, BY DESIGN, 2019-2027 (MW)
TABLE 49.FRANCE STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 50.FRANCE STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 (MW)
TABLE 51.UK STEAM TURBINE MARKET, BY DESIGN, 2019-2027 ($MILLION)
TABLE 52.UK STEAM TURBINE MARKET, BY DESIGN, 2019-2027 (MW)
TABLE 53.UK STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 54.UK STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 (MW)
TABLE 55.ITALY STEAM TURBINE MARKET, BY DESIGN, 2019-2027 ($MILLION)
TABLE 56.ITALY STEAM TURBINE MARKET, BY DESIGN, 2019-2027 (MW)
TABLE 57.ITALY STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 58.ITALY STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 (MW)
TABLE 59.SPAIN STEAM TURBINE MARKET, BY DESIGN, 2019-2027 ($MILLION)
TABLE 60.SPAIN STEAM TURBINE MARKET, BY DESIGN, 2019-2027 (MW)
TABLE 61.SPAIN STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 62.SPAIN STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 (MW)
TABLE 63.REST OF EUROPE STEAM TURBINE MARKET, BY DESIGN, 2019-2027 ($MILLION)
TABLE 64.REST OF EUROPE STEAM TURBINE MARKET, BY DESIGN, 2019-2027 (MW)
TABLE 65.REST OF EUROPE STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 66.REST OF EUROPE STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 (MW)
TABLE 67.ASIA-PACIFIC STEAM TURBINE MARKET REVENUE, BY DESIGN 2019–2027 ($MILLION)
TABLE 68.ASIA-PACIFIC STEAM TURBINE MARKET REVENUE, BY DESIGN 2019–2027 (MW)
TABLE 69.ASIA-PACIFIC STEAM TURBINE MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 70.ASIA-PACIFIC STEAM TURBINE MARKET VALUE, BY APPLICATION, 2019–2027 (MW)
TABLE 71.ASIA-PACIFIC STEAM TURBINE MARKET VALUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 72.ASIA-PACIFIC STEAM TURBINE MARKET VALUE, BY COUNTRY, 2019–2027 (MW)
TABLE 73.CHINA STEAM TURBINE MARKET, BY DESIGN, 2019-2027 ($MILLION)
TABLE 74.CHINA STEAM TURBINE MARKET, BY DESIGN, 2019-2027 (MW)
TABLE 75.CHINA STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 76.CHINA STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 (MW)
TABLE 77.JAPAN STEAM TURBINE MARKET, BY DESIGN, 2019-2027 ($MILLION)
TABLE 78.JAPAN STEAM TURBINE MARKET, BY DESIGN, 2019-2027 (MW)
TABLE 79.JAPAN STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 80.JAPAN STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 (MW)
TABLE 81.INDIA STEAM TURBINE MARKET, BY DESIGN, 2019-2027 ($MILLION)
TABLE 82.INDIA STEAM TURBINE MARKET, BY DESIGN, 2019-2027 (MW)
TABLE 83.INDIA STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 84.INDIA STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 (MW)
TABLE 85.SOUTH KOREA STEAM TURBINE MARKET, BY DESIGN, 2019-2027 ($MILLION)
TABLE 86.SOUTH KOREA STEAM TURBINE MARKET, BY DESIGN, 2019-2027 (MW)
TABLE 87.SOUTH KOREA STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 88.SOUTH KOREA STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 (MW)
TABLE 89.AUSTRALIA STEAM TURBINE MARKET, BY DESIGN, 2019-2027 ($MILLION)
TABLE 90.AUSTRALIA STEAM TURBINE MARKET, BY DESIGN, 2019-2027 (MW)
TABLE 91.AUSTRALIA STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 92.AUSTRALIA STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 (MW)
TABLE 93.REST OF ASIA-PACIFIC STEAM TURBINE MARKET, BY DESIGN, 2019-2027 ($MILLION)
TABLE 94.REST OF ASIA-PACIFIC STEAM TURBINE MARKET, BY DESIGN, 2019-2027 (MW)
TABLE 95.REST OF ASIA-PACIFIC STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 96.REST OF ASIA-PACIFIC STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 (MW)
TABLE 97.LAMEA STEAM TURBINE MARKET REVENUE, BY DESIGN 2019–2027 ($MILLION)
TABLE 98.LAMEA STEAM TURBINE MARKET REVENUE, BY DESIGN 2019–2027 (MW)
TABLE 99.LAMEA STEAM TURBINE MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 100.LAMEA STEAM TURBINE MARKET VALUE, BY APPLICATION, 2019–2027 (MW)
TABLE 101.LAMEA STEAM TURBINE MARKET VALUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 102.LAMEA STEAM TURBINE MARKET VALUE, BY COUNTRY, 2019–2027 (MW)
TABLE 103.BRAZIL STEAM TURBINE MARKET, BY DESIGN, 2019-2027 ($MILLION)
TABLE 104.BRAZIL STEAM TURBINE MARKET, BY DESIGN, 2019-2027 (MW)
TABLE 105.BRAZIL STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 106.BRAZIL STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 (MW)
TABLE 107.SAUDI ARABIA STEAM TURBINE MARKET, BY DESIGN, 2019-2027 ($MILLION)
TABLE 108.SAUDI ARABIA STEAM TURBINE MARKET, BY DESIGN, 2019-2027 (MW)
TABLE 109.SAUDI ARABIA STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 110.SAUDI ARABIA STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 (MW)
TABLE 111.SOUTH AFRICA STEAM TURBINE MARKET, BY DESIGN, 2019-2027 ($MILLION)
TABLE 112.SOUTH AFRICA STEAM TURBINE MARKET, BY DESIGN, 2019-2027 (MW)
TABLE 113.SOUTH AFRICA STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 114.SOUTH AFRICA STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 (MW)
TABLE 115.REST OF LAMEA STEAM TURBINE MARKET, BY DESIGN, 2019-2027 ($MILLION)
TABLE 116.REST OF LAMEA STEAM TURBINE MARKET, BY DESIGN, 2019-2027 (MW)
TABLE 117.REST OF LAMEA STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 118.REST OF LAMEA STEAM TURBINE MARKET, BY APPLICATION, 2019-2027 (MW)
TABLE 119.ARANI POWER SYSTEMS: COMPANY SNAPSHOT
TABLE 120.ARANI POWER SYSTEMS: OPERATING SEGMENTS
TABLE 121.ARANI POWER SYSTEMS: PRODUCT PORTFOLIO
TABLE 122.CHOLA TURBO MACHINERY INTERNATIONAL PVT. LTD.: COMPANY SNAPSHOT
TABLE 123.CHOLA TURBO MACHINERY INTERNATIONAL PVT. LTD.: PRODUCT PORTFOLIO
TABLE 124.DOOSAN ŠKODA POWER: COMPANY SNAPSHOT
TABLE 125.DOOSAN ŠKODA POWER: OPERATING SEGMENTS
TABLE 126.ELLIOTT GROUP: COMPANY SNAPSHOT
TABLE 127.ELLIOTT GROUP: PRODUCT PORTFOLIO
TABLE 128.GE CORPORATION: COMPANY SNAPSHOT
TABLE 129.GE CORPORATION: OPERATING SEGMENTS
TABLE 130.GE CORPORATION: PRODUCT PORTFOLIO
TABLE 131.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 132.MITSUBISHI HITACHI POWER SYSTEMS INC.: COMPANY SNAPSHOT
TABLE 133.MITSUBISHI HITACHI POWER SYSTEMS INC.: PRODUCT PORTFOLIO
TABLE 134.SIEMENS AG: COMPANY SNAPSHOT
TABLE 135.SIEMENS AG: OPERATING SEGMENTS
TABLE 136.SIEMENS AG: PRODUCT PORTFOLIO
TABLE 137.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 138.TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 139.TOSHIBA CORPORATION: OPERATING SEGMENTS
TABLE 140.TOSHIBA CORPORATION: PRODUCT PORTFOLIO
TABLE 141.TURBINE GENERATOR MAINTENANCE INC.: COMPANY SNAPSHOT
TABLE 142.TURBINE GENERATOR MAINTENANCE INC.: OPERATING SEGMENTS
TABLE 143.TURBINE GENERATOR MAINTENANCE INC.: PRODUCT PORTFOLIO
TABLE 144.TURBOCAM: COMPANY SNAPSHOT
TABLE 145.TURBOCAM: OPERATING SEGMENTS
TABLE 146.TURBOCAM: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.TOP INVESTMENT POCKETS
FIGURE 03.LOW-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 04.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 05.MODERATE THREAT OF SUBSTITUTES
FIGURE 06.MODERATE INTENSITY OF RIVALRY
FIGURE 07.LOW-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 08.PATENT ANALYSIS, BY REGION
FIGURE 09.PHOTOVOLTAIC MARKET DYNAMICS
FIGURE 10.GLOBAL STEAM TURBINE MARKET, BY DESIGN, 2019-2027
FIGURE 11.COMPARATIVE ANALYSIS OF STEAM TURBINE MARKET FOR REACTION TURBINE, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 12.COMPARATIVE ANALYSIS OF STEAM TURBINE MARKET FOR IMPULSE TURBINE, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 13.GLOBAL STEAM TURBINE MARKET, BY APPLICATION, 2019-2027
FIGURE 14.COMPARATIVE ANALYSIS OF POWER GENERATION STEAM TURBINE MARKET, BY COUNTRY,  2019 & 2027 ($MILLION)
FIGURE 15.COMPARATIVE ANALYSIS OF PETROCHEMICAL MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 16.COMPARATIVE ANALYSIS OF OIL & GAS MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 17.COMPARATIVE ANALYSIS OF OTHERS STEAM TURBINE MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 18.US STEAM TURBINE MARKET REVENUE, 2019-2027($MILLION)
FIGURE 19.CANADA STEAM TURBINE MARKET REVENUE, 2019-2027($MILLION)
FIGURE 20.MEXICO STEAM TURBINE MARKET REVENUE, 2019-2027($MILLION)
FIGURE 21.GERMANY STEAM TURBINE MARKET REVENUE, 2019-2027($MILLION)
FIGURE 22.FRANCE STEAM TURBINE MARKET REVENUE, 2019-2027($MILLION)
FIGURE 23.UK STEAM TURBINE MARKET REVENUE, 2019-2027($MILLION)
FIGURE 24.ITALY STEAM TURBINE MARKET REVENUE, 2019-2027($MILLION)
FIGURE 25.SPAIN STEAM TURBINE MARKET REVENUE, 2019-2027($MILLION)
FIGURE 26.REST OF EUROPE STEAM TURBINE MARKET REVENUE, 2019-2027($MILLION)
FIGURE 27.CHINA STEAM TURBINE MARKET REVENUE, 2019-2027($MILLION)
FIGURE 28.JAPAN STEAM TURBINE MARKET REVENUE, 2019-2027($MILLION)
FIGURE 29.INDIA STEAM TURBINE MARKET REVENUE, 2019-2027($MILLION)
FIGURE 30.SOUTH KOREA STEAM TURBINE MARKET REVENUE, 2019-2027($MILLION)
FIGURE 31.AUSTRALIA STEAM TURBINE MARKET REVENUE, 2019-2027($MILLION)
FIGURE 32.REST OF ASIA-PACIFIC STEAM TURBINE MARKET REVENUE, 2019-2027($MILLION)
FIGURE 33.BRAZIL STEAM TURBINE MARKET REVENUE, 2019-2027($MILLION)
FIGURE 34.SAUDI ARABIA STEAM TURBINE MARKET REVENUE, 2019-2027($MILLION)
FIGURE 35.SOUTH AFRICA STEAM TURBINE MARKET REVENUE, 2019-2027($MILLION)
FIGURE 36.REST OF LAMEA STEAM TURBINE MARKET REVENUE, 2019-2027($MILLION)
FIGURE 37.MARKET PLAYER POSITIONING, 2018
FIGURE 38.COMPETITIVE HEATMAP OF TOP TEN PLAYERS
FIGURE 39.R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 40.GE: REVENUE, 2017–2019 ($MILLION)
FIGURE 41.GE: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 42.GE: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 43.SIEMENS: REVENUE, 2017–2019 ($MILLION)
FIGURE 44.SIEMENS: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 45.SIEMENS: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 46.TOSHIBA CORPORATION: NET SALES, 2017–2019 ($MILLION)
FIGURE 47.TOSHIBA CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 48.TOSHIBA CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2019 (%)

 
 

Steady enhancements in cost, higher efficiencies and lessen fuel utilization are few of steam turbine advantage expected to boost its use for generating energy. Several developments are ongoing in the market and these includes expanding efficiencies up to 48%. The U.S. Branch of Vitality finances cooperative work with the manufacturer for the manufacturing of improved ultra-supercritical (USC) steam turbines. These steam turbines are utilized for gaining efficiencies of 55-60% percent that depend on kettle tube materials that can withstand weights of up to 5,000 psi.

To accomplish these objectives, work is progressing in materials, with proper plan and development. Steam valve advancement is one such progress ongoing. Further, research is in progress to re-establish and improve the efficiency of existing steam turbines through improved burning frameworks for boilers.  The attention on markets, for example, waste heat recovery, biomass energized power, and CHP plants, is also developing interest in the steam turbine market.

 

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FREQUENTLY ASKED QUESTIONS?
 

A. The global steam turbine market is projected to reach $30.2 billion by 2027, growing at a CAGR of 2.8% from 2020 to 2027.

A. Steam Turbine is majorly used for power generation application.

A. To get latest version of steam turbine market report can be obtained on demand from the website.

A. The impulse segment was the highest contributor to the market. This type of turbine is utilized increasingly in medium-sized units for moderately high heads. Their growing use is expected to drive the market growth. Apart from this, there are several advancements going on in the impulse turbine market. Increasing the running speed of impulse hydraulic turbines is one such advancements.

A. Government regulations are playing an important role in accelerating the growth of the market. ISO (the Universal Association for Institutionalization) is an overall alliance of national guidelines bodies (ISO part bodies). Universal associations, legislative and non-administrative staffs are in contact with ISO to take part in development of steam, turbine industries.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. The global steam turbine market was valued at $24.1 billion in 2019.

A. The company profiles are analyzed by performing a thorough study of the leading players in the steam turbine market. Comprehensive analysis of recent developments and growth curves of various companies help to understand the growth strategies adopted by them and their potential effect on the market.

A. Several regulations are established to promote the generation of energy through renewable sources. These regulations impact the steam turbine market positively. For instance, the India national renewable energy act 2015, promotes the designing energy from renewable energy sources, so that there is no dependency on fossil fuels.

A. Merger is the main strategy adopted by two companies combine together to achieve a common purpose. Elliott Group announced merger of Ebara International Corporation which is based in Sparks, Nevada. Effective from April 1, 2019, the merged entity became one of four business units within Elliott Group.

 

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