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.
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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
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Target buyers of Global steam turbine market databook
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Our clientele includes a mix of steam turbine market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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)
Related regional statistics
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