China Steam Turbine Market Size & Outlook, 2022-2030
China steam turbine market, 2018-2030 (US$M)
Related Markets
China steam turbine market highlights
- The China steam turbine market generated a revenue of USD 4,129.8 million in 2022 and is expected to reach USD 5,273.9 million by 2030.
- The China market is expected to grow at a CAGR of 3.1% from 2023 to 2030.
- In terms of segment, more than 300 mw was the largest revenue generating capacity in 2022.
- 151 to 300 MW is the most lucrative capacity segment registering the fastest growth during the forecast period.
Steam turbine market data book summary
| Market revenue in 2022 | USD 4,129.8 million |
| Market revenue in 2030 | USD 5,273.9 million |
| Growth rate | 3.1% (CAGR from 2022 to 2030) |
| Largest segment | More than 300 mw |
| Fastest growing segment | 151 to 300 MW |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Upto 150 MW, 151 to 300 MW, More than 300 MW |
| Key market players worldwide | Ansaldo Energia, Doosan Heavy Industries & Construction, Ebara Corp, Fuji Electric, GE Aerospace, Kawasaki Heavy Industries Ltd, ManpowerGroup Inc, Mitsubishi Electric Corp, Siemens AG, Toshiba Corporation |
Other key industry trends
- In terms of revenue, China accounted for 25.4% of the global steam turbine market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China steam turbine market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,376.1 million by 2030.
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Steam Turbine Market Scope
Steam Turbine Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 61.66% in 2022. Horizon Databook has segmented the China 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.
China is one of the largest economies in Asia Pacific owing to its growing combined-cycle and cogeneration operations. Factors such as rise in industrial operations and high demand for energy are likely to drive the market for thermal power plant in China.
In addition, increasing number of thermal power plant projects in the country are expected to drive the growth of the Chinese steam turbine market in the near future. These new projects will use steam turbines and is expected to drive the growth of the market.
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Target buyers of China 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 country-level data and insights on the China steam turbine market , including forecasts for subscribers. This country databook contains high-level insights into China steam turbine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China steam turbine market size, by capacity, 2018-2030 (US$M)
China Steam Turbine Market Outlook Share, 2022 & 2030 (US$M)
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