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Industrial Steam Turbines Market by Type (Steam Cycle, Combined Cycle, Cogeneration, and Trigeneration), by Rated Capacity (Less Than 125MW, 125-300MW, 300-550MW, 550-750MW, and More Than 750MW), by Operating Principle (Reaction Turbine and Impulse Turbine), by Power Source (Fossil Fuels, Solar Energy, and Others), by Exhaust Type (Condensing, Extraction, Back Pressure, and Re-heat), and by Application (Power and Utility and Industrial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2024

Published Date: 25-Oct-2018 Category: Heavy Industry Report Format : PDF Pages: 110 Report Code: ZMR-2033 Status : Published

Global industrial steam turbines market expected to generate revenue of around USD 2.19 billion by the end of 2024, growing at a CAGR of around 4.34% between 2018 and 2024. The rapid industrialization and urbanization in developing economies, such as China and India, are expected to propel the growth of this market.

Description

The report covers forecast and analysis for the industrial steam turbines market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based revenue (USD Billion). The study includes drivers and restraints for the industrial steam turbines market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the industrial steam turbines market on a global level.

In order to give the users of this report a comprehensive view of the industrial steam turbines market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein type, rated capacity, operating principle, exhaust type, power source, and application segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Industrial Steam Turbines Market

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions and mergers, new technology launch, agreements, partnerships, collaborations, and joint ventures, research and development, technology, and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, the product portfolio of various companies according to regions.

The study provides a decisive view on the industrial steam turbines market by segmenting the market based on type, rated capacity, operating principle, exhaust type, power source, application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. This segmentation includes the demand for industrial steam turbines market based on all segments in all the regions and countries.

The report also includes detailed profiles of end players, such as Mitsubishi Heavy Industries, Ltd., Harbin Electric Machinery Co., Ltd., Elliott Group, Dongfang Electric Corporation, General Electric Company, Ansaldo Energia S.P.A, Fuji Electric Co., Ltd., Doosan Škoda Power, OJSC Power Machines, Kawasaki Heavy Industries Ltd., Siemens AG, Peter Brotherhood Ltd., Toshiba America Energy Systems Corporation, Bharat Heavy Electricals Limited, and TGM Kanis Turbinen GmbH. 
   
This report segments the global industrial steam turbines market as follows:

Global Industrial Steam Turbines Market: Type Segment Analysis

  • Steamed Cycle
  • Combined Cycle
  • Cogeneration
  • Trigeneration

Global Industrial Steam Turbines Market: Rated Capacity Segment Analysis

  • Less than 125 MW
  • 125-300MW
  • 300-550MW
  • 550-750MW
  • More than 750MW

Global Industrial Steam Turbines Market:  Operating Principle Segment Analysis

  • Reaction Turbine
  • Impulse Turbine

Global Industrial Steam Turbines Market:  Exhaust Type Segment Analysis

  • Condensing
  • Extraction
  • Back Pressure 
  • Re-heat

Global Industrial Steam Turbines Market:  Power Source Segment Analysis

  • Fossil Fuels 
  • Solar Energy
  • Others 

Global Industrial Steam Turbines Market:  Application Segment Analysis

  • Industrial
  • Power and Utility

Global Industrial steam turbines Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global industrial steam turbines market, 2015 - 2024 (USD Billion)
    • 2.2. Global industrial steam turbines market: snapshot
  •  
  • Chapter 3. Industrial steam turbines Market- Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global Industrial steam turbines market drivers: impact analysis
      • 3.2.2. Rising thermal power capacity additions
      • 3.2.3. Increasing usage of renewable energy sources
    • 3.3. Market Restraints
      • 3.3.1. Global Industrial steam turbines market restraints: impact analysis
      • 3.3.2. Regulatory policy restrictions on fossil-fuel fired power plants
    • 3.4. Opportunities
      • 3.4.1. Upgrades of aged power generation infrastructure
    • 3.5. Porter's five forces analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by type segment
      • 3.6.2. Market attractiveness analysis, by rated capacity segment
      • 3.6.3. Market attractiveness analysis, by operating principle segment
      • 3.6.4. Market attractiveness analysis, by exhaust type segment
      • 3.6.5. Market attractiveness analysis, by power source segment
      • 3.6.6. Market attractiveness analysis, by application segment
      • 3.6.7. Market attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global Industrial Steam Turbines Market- Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Industrial Steam Turbines market: company market share, 2015
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New product launch
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
  •  
  • Chapter 5. Global Industrial Steam Turbines Market- Type Segment Analysis
    • 5.1. Global industrial steam turbines market: type overview
      • 5.1.1. Global industrial steam turbines market revenue share, by type, 2015 - 2024
    • 5.2. Steam Cycle
      • 5.2.1. Global industrial steam turbines market for steam cycle market, 2015 - 2024 (USD Billion)
    • 5.3. Combined Cycle
      • 5.3.1. Global industrial steam turbines market for combined cycle market, 2015 - 2024 (USD Billion)
    • 5.4. Cogeneration
      • 5.4.1. Global industrial steam turbines market for cogeneration market, 2015 - 2024 (USD Billion)
    • 5.5. Trigeneration
      • 5.5.1. Global industrial steam turbines market for trigeneration market, 2015 - 2024 (USD Billion)
  •  
  • Chapter 6. Global Industrial steam turbines Market - Rated Capacity Segment Analysis
    • 6.1. Global industrial steam turbines market: rated capacity overview
      • 6.1.1. Global industrial steam turbines market revenue share, by rated capacity, 2015- 2024
    • 6.2. Less than 125MW
      • 6.2.1. Global industrial steam turbines market for less than 125MW, 2015 - 2024 (USD Billion)
    • 6.3. 125-300MW
      • 6.3.1. Global industrial steam turbines market for 125-330MW, 2015 - 2024 (USD Billion)
    • 6.4. 300-550MW
      • 6.4.1. Global industrial steam turbines market for 300-550MW, 2015 - 2024 (USD Billion)
    • 6.5. 550-750MW
      • 6.5.1. Global industrial steam turbines market for 550-750MW, 2015 - 2024 (USD Billion)
    • 6.6. More than 750MW
      • 6.6.1. Global industrial steam turbines market for more than 750MW, 2015 - 2024 (USD Billion)
  •  
  • Chapter 7. Global Industrial Steam Turbines Market- Operating Principle Segment Analysis
    • 7.1. Global industrial steam turbines market: operating principle overview
      • 7.1.1. Global industrial steam turbines market revenue share, by operating principle, 2015 - 2024
    • 7.2. Reaction Turbine
      • 7.2.1. Global industrial steam turbines market for reaction turbine market, 2015 - 2024 (USD Billion)
    • 7.3. Impulse Turbine
      • 7.3.1. Global industrial steam turbines market for impulse turbine market, 2015 - 2024 (USD Billion)
  •  
  • Chapter 8. Global Industrial Steam Turbines Market - Exhaust Type Segment Analysis
    • 8.1. Global industrial steam turbines market: exhaust type overview
      • 8.1.1. Global industrial steam turbines market revenue share, by exhaust type, 2015 - 2024
    • 8.2. Condensing
      • 8.2.1. Global industrial steam turbines market for condensing market, 2015 - 2024 (USD Billion)
    • 8.3. Extraction
      • 8.3.1. Global industrial steam turbines market for extraction market, 2015 - 2024 (USD Billion)
    • 8.4. Back Pressure
      • 8.4.1. Global industrial steam turbines market for back pressure market, 2015 - 2024 (USD Billion)
    • 8.5. Re-heat
      • 8.5.1. Global industrial steam turbines market for re-heat market, 2015 - 2024 (USD Billion)
  •  
  • Chapter 9. Global Industrial Steam Turbines Market - Power Source Segment Analysis
    • 9.1. Global industrial steam turbines market: power source overview
      • 9.1.1. Global industrial steam turbines market revenue share, by power source, 2015 - 2024
    • 9.2. Fossil Fuels
      • 9.2.1. Global industrial steam turbines market for fossil fuels market, 2015 - 2024 (USD Billion)
    • 9.3. Solar
      • 9.3.1. Global industrial steam turbines market for solar market, 2015 - 2024 (USD Billion)
    • 9.4. Others
      • 9.4.1. Global industrial steam turbines market for others market, 2015 - 2024 (USD Billion)
  •  
  • Chapter 10. Global Industrial Steam Turbines Market- Application Segment Analysis
    • 10.1. Global industrial steam turbines market: application overview
      • 10.1.1. Global industrial steam turbines market revenue share, by application, 2015 - 2024
    • 10.2. Industrial
      • 10.2.1. Global industrial steam turbines market for industrial, 2015 - 2024 (USD Billion)
    • 10.3. Power and Utility
      • 10.3.1. Global industrial steam turbines market for power and utility, 2015 - 2024 (USD Billion)
  • Chapter 11. Global Industrial steam turbines Market- Regional Segment Analysis
    • 11.1. Global Industrial steam turbines market: regional overview
      • 11.1.1. Global industrial steam turbines market revenue share, by region, 2015 - 2024
    • 11.2. North America
      • 11.2.1. North America industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
      • 11.2.2. North America Industrial steam turbines market revenue, by rated capacity, 2015 - 2024 (USD Billion)
      • 11.2.3. North America industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
      • 11.2.4. North America industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
      • 11.2.5. North America industrial steam turbines market revenue, by power source, 2015 - 2024 (USD Billion)
      • 11.2.6. North America industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion)
      • 11.2.7. The U.S.
        • 11.2.7.1. The U.S. industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
        • 11.2.7.2. The U.S. industrial steam turbines market revenue, by rated capacity, 2015 - 2024 (USD Billion)
        • 11.2.7.3. The U.S. industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
        • 11.2.7.4. The U.S. industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
        • 11.2.7.5. The U.S. industrial steam turbines market revenue, by power source, 2015 - 2024 (USD Billion)
        • 11.2.7.6. The U.S. industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion)
      • 11.2.8. Canada
        • 11.2.8.1. Canada industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
        • 11.2.8.2. Canada Industrial steam turbines market revenue, by rated capacity, 2015 - 2024 (USD Billion)
        • 11.2.8.3. Canada Industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
        • 11.2.8.4. Canada Industrial steam turbines market revenue, by power source, 2015 - 2024 (USD Billion)
        • 11.2.8.5. Canada Industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
        • 11.2.8.6. Canada Industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion)
      • 11.2.9. Mexico
        • 11.2.9.1. Mexico Industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
        • 11.2.9.2. Mexico Industrial steam turbines market revenue, by rated capacity, 2015 - 2024 (USD Billion)
        • 11.2.9.3. Mexico Industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
        • 11.2.9.4. Mexico Industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
        • 11.2.9.5. Mexico Industrial steam turbines market revenue, by power source, 2015 - 2024 (USD Billion)
        • 11.2.9.6. Mexico Industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion)
    • 11.3. Europe
      • 11.3.1. Europe Industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
      • 11.3.2. Europe Industrial steam turbines market revenue, by rated capacity, 2015 - 2024 (USD Billion)
      • 11.3.3. Europe Industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
      • 11.3.4. Europe Industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
      • 11.3.5. Europe Industrial steam turbines market revenue, by power source, 2015 - 2024 (USD Billion)
      • 11.3.6. Europe Industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion)
      • 11.3.7. UK
        • 11.3.7.1. UK Industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
        • 11.3.7.2. UK Industrial steam turbines market revenue, by rated capacity, 2015 - 2024 (USD Billion)
        • 11.3.7.3. UK Industrial steam turbines market revenue, by power source, 2015 - 2024 (USD Billion)
        • 11.3.7.4. UK Industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
        • 11.3.7.5. UK Industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
        • 11.3.7.6. UK Industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion)
      • 11.3.8. Germany
        • 11.3.8.1. Germany Industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
        • 11.3.8.2. Germany Industrial steam turbines market revenue, by rated capacity, 2015 - 2024 (USD Billion)
        • 11.3.8.3. Germany Industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
        • 11.3.8.4. Germany Industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
        • 11.3.8.5. Germany Industrial steam turbines market revenue, by power source, 2015 - 2024 (USD Billion)
        • 11.3.8.6. Germany Industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion)
      • 11.3.9. France
        • 11.3.9.1. France Industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
        • 11.3.9.2. France Industrial steam turbines market revenue, by rated capacity, 2015 - 2024 (USD Billion)
        • 11.3.9.3. France Industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
        • 11.3.9.4. France Industrial steam turbines market revenue, by power source, 2015 - 2024 (USD Billion)
        • 11.3.9.5. France Industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
        • 11.3.9.6. France Industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion)
      • 11.3.10. Spain
        • 11.3.10.1. Spain Industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
        • 11.3.10.2. Spain Industrial steam turbines market revenue, by rated capacity, 2015 - 2024 (USD Billion)
        • 11.3.10.3. Spain Industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
        • 11.3.10.4. Spain Industrial steam turbines market revenue, by power source, 2015 - 2024 (USD Billion)
        • 11.3.10.5. Spain Industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
        • 11.3.10.6. Spain Industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion
      • 11.3.11. Russia
        • 11.3.11.1. Russia Industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
        • 11.3.11.2. Russia Industrial steam turbines market revenue, by rated capacity, 2015 - 2024 (USD Billion)
        • 11.3.11.3. Russia Industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
        • 11.3.11.4. Russia Industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
        • 11.3.11.5. Russia Industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion)
      • 11.3.12. Italy
        • 11.3.12.1. Italy Industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
        • 11.3.12.2. Italy Industrial steam turbines market revenue, by rated capacity, 2015 - 2024 (USD Billion)
        • 11.3.12.3. Italy Industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
        • 11.3.12.4. Italy Industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
        • 11.3.12.5. Italy Industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
        • 11.3.12.6. Italy Industrial steam turbines market revenue, by power source, 2015 - 2024 (USD Billion)
        • 11.3.12.7. Italy Industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion)
    • 11.4. Asia Pacific
      • 11.4.1. Asia Pacific industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
      • 11.4.2. Asia Pacific Industrial steam turbines market revenue, by rated capacity, 2015 - 2024 (USD Billion)
      • 11.4.3. Asia Pacific Industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
      • 11.4.4. Asia Pacific Industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
      • 11.4.5. Asia Pacific Industrial steam turbines market revenue, by power source, 2015 - 2024 (USD Billion)
      • 11.4.6. Asia Pacific Industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion)
      • 11.4.7. China
        • 11.4.7.1. China Industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
        • 11.4.7.2. China Industrial steam turbines market revenue, by rated capacity, 2015 - 2024 (USD Billion)
        • 11.4.7.3. China Industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
        • 11.4.7.4. China Industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
        • 11.4.7.5. China Industrial steam turbines market revenue, by power source, 2015 - 2024 (USD Billion)
        • 11.4.7.6. China Industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion
      • 11.4.8. Japan
        • 11.4.8.1. Japan Industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
        • 11.4.8.2. Japan Industrial steam turbines market revenue, by rated capacity, 2015 - 2024 (USD Billion)
        • 11.4.8.3. Japan Industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
        • 11.4.8.4. Japan Industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
        • 11.4.8.5. Japan Industrial steam turbines market revenue, by power source, 2015 - 2024 (USD Billion)
        • 11.4.8.6. Japan Industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion
      • 11.4.9. India
        • 11.4.9.1. India Industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
        • 11.4.9.2. India Industrial steam turbines market revenue, by rated capacity, 2015 - 2024 (USD Billion)
        • 11.4.9.3. India Industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
        • 11.4.9.4. India Industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
        • 11.4.9.5. India Industrial steam turbines market revenue, by power source, 2015 - 2024 (USD Billion)
        • 11.4.9.6. India Industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion)
      • 11.4.10. Southeast Asia
        • 11.4.10.1. Southeast Asia Industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
        • 11.4.10.2. Southeast Asia Industrial steam turbines market revenue, by rated capacity, 2015 - 2024 (USD Billion)
        • 11.4.10.3. Southeast Asia Industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
        • 11.4.10.4. Southeast Asia Industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
        • 11.4.10.5. Southeast Asia Industrial steam turbines market revenue, by power source, 2015 - 2024 (USD Billion)
        • 11.4.10.6. Southeast Asia Industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion)
      • 11.4.11. Australia
        • 11.4.11.1. Australia Industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
        • 11.4.11.2. Australia Industrial steam turbines market revenue, by rated capacity, 2015 - 2024 (USD Billion)
        • 11.4.11.3. Australia Industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
        • 11.4.11.4. Australia Industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
        • 11.4.11.5. Australia Industrial steam turbines market revenue, by power source, 2015 - 2024 (USD Billion)
        • 11.4.11.6. Australia Industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion)
      • 11.4.12. South Korea
        • 11.4.12.1. South Korea Industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
        • 11.4.12.2. South Korea Industrial steam turbines market revenue, by rated capacity, 2015 - 2024 (USD Billion)
        • 11.4.12.3. South Korea Industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
        • 11.4.12.4. South Korea Industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
        • 11.4.12.5. South Korea Industrial steam turbines market revenue, by power source, 2015 - 2024 (USD Billion)
        • 11.4.12.6. South Korea Industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion)
    • 11.5. Latin America
      • 11.5.1. Latin America Industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
      • 11.5.2. Latin America Industrial steam turbines market revenue, by rated capacity, 2015 - 2024 (USD Billion)
      • 11.5.3. Latin America Industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
      • 11.5.4. Latin America Industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
      • 11.5.5. Latin America Industrial steam turbines market revenue, by power source, 2015 - 2024 (USD Billion)
      • 11.5.6. Latin America Industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion)
      • 11.5.7. Brazil
        • 11.5.7.1. Brazil Industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
        • 11.5.7.2. Brazil Industrial steam turbines market revenue, by rated capacity, 2015 - 2024 (USD Billion)
        • 11.5.7.3. Brazil Industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
        • 11.5.7.4. Brazil Industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
        • 11.5.7.5. Brazil Industrial steam turbines market revenue, by power source, 2015 - 2024 (USD Billion)
        • 11.5.7.6. Brazil Industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion)
    • 11.6. Middle East and Africa
      • 11.6.1. Middle East and Africa Industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
      • 11.6.2. Middle East and Africa Industrial steam turbines market revenue, by rated capacity, 2015 - 2024 (USD Billion)
      • 11.6.3. Middle East and Africa Industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
      • 11.6.4. Middle East and Africa Industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
      • 11.6.5. Middle East and Africa Industrial steam turbines market revenue, by power source, 2015 - 2024 (USD Billion)
      • 11.6.6. Middle East and Africa Industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion)
      • 11.6.7. GCC Countries
        • 11.6.7.1. GCC Countries Industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
        • 11.6.7.2. GCC Countries Industrial steam turbines market revenue, by rated capacity 2015 - 2024 (USD Billion)
        • 11.6.7.3. GCC Countries Industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
        • 11.6.7.4. GCC Countries Industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
        • 11.6.7.5. GCC Countries Industrial steam turbines market revenue, by power source, 2015 - 2024 (USD Billion)
        • 11.6.7.6. GCC Countries Industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion)
      • 11.6.8. South Africa
        • 11.6.8.1. South Africa Industrial steam turbines market revenue, by type, 2015 - 2024 (USD Billion)
        • 11.6.8.2. South Africa Industrial steam turbines market revenue, by rated capacity, 2015 - 2024 (USD Billion)
        • 11.6.8.3. South Africa Industrial steam turbines market revenue, by operating principle, 2015 - 2024 (USD Billion)
        • 11.6.8.4. South Africa Industrial steam turbines market revenue, by exhaust type, 2015 - 2024 (USD Billion)
        • 11.6.8.5. South Africa Industrial steam turbines market revenue, by power source, 2015 - 2024 (USD Billion)
        • 11.6.8.6. South Africa Industrial steam turbines market revenue, by application, 2015 - 2024 (USD Billion)
  • Chapter 12. Company Profile
    • 12.1. Mitsubishi Heavy Industries
      • 12.1.1. Overview
      • 12.1.2. Financials
      • 12.1.3. Product portfolio
      • 12.1.4. Business strategy
      • 12.1.5. Recent developments
    • 12.2. Harbin Electric Machinery Co., Ltd.
      • 12.2.1. Overview
      • 12.2.2. Financials
      • 12.2.3. Product portfolio
      • 12.2.4. Business strategy
      • 12.2.5. Recent developments
    • 12.3. Elliott Group
      • 12.3.1. Overview
      • 12.3.2. Financials
      • 12.3.3. Product portfolio
      • 12.3.4. Business strategy
      • 12.3.5. Recent developments
    • 12.4. Dongfang Electric Corporation
      • 12.4.1. Overview
      • 12.4.2. Financials
      • 12.4.3. Product portfolio
      • 12.4.4. Business strategy
      • 12.4.5. Recent developments
    • 12.5. General Electric Company
      • 12.5.1. Overview
      • 12.5.2. Financials
      • 12.5.3. Product portfolio
      • 12.5.4. Business strategy
      • 12.5.5. Recent developments
    • 12.6. Ansaldo Energia S.P.A
      • 12.6.1. Overview
      • 12.6.2. Financials
      • 12.6.3. Product portfolio
      • 12.6.4. Business strategy
      • 12.6.5. Recent developments
    • 12.7. Fuji Electric Co., Ltd.
      • 12.7.1. Overview
      • 12.7.2. Financials
      • 12.7.3. Product portfolio
      • 12.7.4. Business strategy
      • 12.7.5. Recent developments
    • 12.8. Doosan 'koda Power
      • 12.8.1. Overview
      • 12.8.2. Financials
      • 12.8.3. Product portfolio
      • 12.8.4. Business strategy
      • 12.8.5. Recent developments
    • 12.9. OJSC Power Machines
      • 12.9.1. Overview
      • 12.9.2. Financials
      • 12.9.3. Product portfolio
      • 12.9.4. Business strategy
      • 12.9.5. Recent developments
    • 12.10. Kawasaki Heavy Industries Ltd.
      • 12.10.1. Overview
      • 12.10.2. Financials
      • 12.10.3. Product portfolio
      • 12.10.4. Business strategy
      • 12.10.5. Recent developments
    • 12.11. Siemens AG
      • 12.11.1. Overview
      • 12.11.2. Financials
      • 12.11.3. Product portfolio
      • 12.11.4. Business strategy
      • 12.11.5. Recent developments
    • 12.12. Peter Brotherhood Ltd.
      • 12.12.1. Overview
      • 12.12.2. Financials
      • 12.12.3. Product portfolio
      • 12.12.4. Business strategy
      • 12.12.5. Recent developments
    • 12.13. Toshiba America Energy Systems Corporation
      • 12.13.1. Overview
      • 12.13.2. Financials
      • 12.13.3. Product portfolio
      • 12.13.4. Business strategy
      • 12.13.5. Recent developments
    • 12.14. Bharat Heavy Electricals Limited
      • 12.14.1. Overview
      • 12.14.2. Financials
      • 12.14.3. Product portfolio
      • 12.14.4. Business strategy
      • 12.14.5. Recent developments
    • 12.15. TGM Kanis Turbinen GmbH
      • 12.15.1. Overview
      • 12.15.2. Financials
      • 12.15.3. Product portfolio
      • 12.15.4. Business strategy
      • 12.15.5. Recent developments

Methodology

Free Analysis

Steam turbines are used to produce the highest mechanical and motorized power by using the least possible steam in a compact and solid driver arrangement, which generally acts or functions in a direct-drive configuration method. Speed adjustment capabilities and speed variations are crucial for steam turbines. Presently, steam turbines are diversely used in different driver applications for power generation units and mechanical drives that produce nearly 1 million (MW) of capacity worldwide. Basically, in every steam turbine, there is a rotor that has blades and wheels. The blades extract energy from the steam. Steam turbines have been in use for more than 120 years. Steam turbines are versatile equipment and among the oldest prime mover technologies that are still in use. 

The industrial steam turbines market is projected to experience a high growth rate, both in developed and developing countries, during the forecast period. The growth and development of this market are majorly driven by rapid industrialization in developing nations and increasing global population, which, in turn, are constantly fueling the demand for power and energy. Moreover, the rise in population will lead to the growth of smart cities in both urban and semi-urban areas, which, in turn, will increase the demand for electricity. Thus, the increasing demand for electricity will propel the growth and development of this market in the upcoming years. Steam turbines act as an important technology for electricity generation from various sources, such as nuclear, biomass, and coal. The rapid expansion of nuclear-based power plants across the globe will have a positive impact on this market’s growth. Additionally, due to the rapid depletion of non-renewable energy resources, the manufacturers across the globe are investing in R&D to come up with steam turbines that can generate electricity from renewable energy sources. These factors are expected to contribute toward the industrial steam turbines market growth during the forecast period. 

Global Industrial Steam Turbines Market

Based on the type, the industrial steam turbines market is fragmented into the steam cycle, combined cycle, cogeneration, and trigeneration. On the basis of rated capacity, the industrial steam turbines market is categorized into less than 125MW, 125-300MW, 300-550MW, 550-750MW, and more than 750MW. On the basis of operating principle, this market is bifurcated into reaction turbine and impulse turbine. Based on exhaust type, this market is classified into condensing, back pressure, extraction, and re-heats. On the basis of the power source, the industrial steam turbines market is divided into fossil fuels, solar energy, and others. On the basis of application, the industrial steam turbines market is categorized into power and utilities and industrial. 

The Asia Pacific witnessed the highest growth rate in the global industrial steam turbines market in 2017 and is likely to continue its regional domination during the forecast period. This growth can be attributed to the rapid industrialization and urbanization across the region. Moreover, this region is a manufacturing hub. The escalating demand and requirement of electricity are also fueling this market’s growth. These factors are anticipated to further drive industry growth in the region over the forecast period. Europe is predicted to hold a substantial revenue share in the industrial steam turbines market. The standard shift toward cogeneration-based power plants and CHP along with strict government norms regarding coal-based power generation faculties will further fuel this market’s growth. 

Some industry players operating in the industrial steam turbines market include Mitsubishi Heavy Industries, Ltd., Harbin Electric Machinery Co., Ltd., Elliott Group, Dongfang Electric Corporation, General Electric Company, Ansaldo Energia S.P.A, Fuji Electric Co., Ltd., Doosan Škoda Power, OJSC Power Machines, Kawasaki Heavy Industries Ltd., Siemens AG, Peter Brotherhood Ltd., Toshiba America Energy Systems Corporation, Bharat Heavy Electricals Limited, and TGM Kanis Turbinen GmbH.

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