Global Steam Turbine Market Size & Outlook, 2022-2030
Global steam turbine market, 2018-2030 (US$M)
Related Markets
Global steam turbine market highlights
- The global steam turbine market generated a revenue of USD 16,269.7 million in 2022 and is expected to reach USD 19,641.3 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 2.4% by 2030.
- In terms of segment, more than 300 mw accounted for a revenue of USD 9,860.4 million in 2022.
- 151 to 300 MW is the most lucrative capacity segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Russia is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 16,269.7 million |
| Market revenue in 2030 | USD 19,641.3 million |
| Growth rate | 2.4% (CAGR from 2022 to 2030) |
| Largest segment | More than 300 mw |
| Fastest growing segment | 151 to 300 MW |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Upto 150 MW, 151 to 300 MW, More than 300 MW |
Other key industry trends
- In terms of revenue, the North America accounted for 3.5% of the global steam turbine market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Russia is the fastest growing regional market and is projected to reach USD 406.5 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Steam Turbine Market Scope
Steam Turbine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global steam turbine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to steam turbine market will help companies and investors design strategic landscapes.
More than 300 mw was the largest segment with a revenue share of 60.61% in 2022. Horizon Databook has segmented the Global steam turbine market based on upto 150 mw, 151 to 300 mw, more than 300 mw covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Steam Turbine Capacity Outlook (Revenue, USD Million, 2018-2030)
- Upto 150 MW
- 151 to 300 MW
- More than 300 MW
- Global Steam Turbine End Use Outlook (Revenue, USD Million, 2018-2030)
- Power & Utility
- Industrial
Reasons to subscribe to Global steam turbine market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global steam turbine market databook
-
Our clientele includes a mix of steam turbine market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global steam turbine market , including forecasts for subscribers. This global databook contains high-level insights into Global steam turbine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global steam turbine market size, by regions, 2018-2030 (US$M)
Top 10 countries: Steam turbine market size, 2022 (US$M)
Global steam turbine market share, by capacity, 2022 & 2030 (%, US$M)
Steam turbine market: Opportunity assessment by country
Global steam turbine market, by region, 2022 (US$M)
| Capacity | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,144.3 | 306.1 | 574.1 | 572.3 | 571.7 | 572.3 | 574.3 | 577.6 | 582.0 | 587.4 | 593.5 | 601.9 | 603.4 | 0.7% |
| Europe | 1,288.5 | 629.0 | 882.6 | 878.6 | 876.2 | 875.9 | 877.4 | 881.1 | 886.2 | 892.8 | 900.4 | 912.3 | 919.8 | 0.6% |
| Asia Pacific | 10,788.0 | 8,975.5 | 11,202.0 | 11,393.7 | 11,613.6 | 11,867.8 | 12,157.2 | 12,486.4 | 12,849.3 | 13,247.1 | 13,676.9 | 14,133.1 | 14,670.1 | 3.0% |
| Latin America | 394.5 | 541.6 | 1,187.2 | 1,183.5 | 1,182.1 | 1,183.4 | 1,187.5 | 1,194.4 | 1,203.4 | 1,214.5 | 1,227.1 | 1,232.8 | 1,206.7 | 0.3% |
| MEA | 2,357.6 | 1,465.8 | 2,017.7 | 2,019.8 | 2,026.2 | 2,037.5 | 2,053.7 | 2,075.3 | 2,101.0 | 2,130.7 | 2,163.8 | 2,198.8 | 2,241.4 | 1.3% |
| Overall | 15,973.0 | 11,917.9 | 15,863.6 | 16,047.9 | 16,269.7 | 16,536.9 | 16,850.1 | 17,214.8 | 17,622.0 | 18,072.4 | 18,561.6 | 19,078.9 | 19,641.3 | 2.4% |
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
