Europe Steam Turbine Market Size & Outlook, 2022-2030
Europe steam turbine market, 2018-2030 (US$M)
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Europe steam turbine market highlights
- The Europe steam turbine market generated a revenue of USD 876.2 million in 2022.
- The market is expected to grow at a CAGR of 0.6% 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.
- Country-wise, Russia is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 876.2 million |
| Market revenue in 2030 | USD 919.7 million |
| Growth rate | 0.6% (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 |
| 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, Europe region accounted for 5.4% of the global steam turbine market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 14,670.1 million by 2030.
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Steam Turbine Market Scope
Steam Turbine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 61.95% in 2022. Horizon Databook has segmented the Europe 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.
Steam turbines are widely used for CHP applications in Europe. Extraction-condensing type steam turbines are used in large industrial CHP applications. These turbines are deployed in combined-cycle plants wherein they extract a portion of the steam for the process.
The increase in population is projected to attract various end-use industry players to expand their consumer base in Europe. The growing population provides a constant inflow of customers that positively impacts a wide range of industries owing to increasing competition among different participating companies.
The presence of non-OEM turbine service providers in the region is expected to be less as the market is consolidated with major players such as Siemens Energy and General Electric operating in the steam turbine market of Europe.
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Our clientele includes a mix of steam turbine market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe steam turbine market , including forecasts for subscribers. This continent databook contains high-level insights into Europe steam turbine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe steam turbine market size, by country, 2018-2030 (US$M)
Europe Steam Turbine Market Outlook Share, 2022 & 2030 (US$M)
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