Middle East & Africa Steam Turbine Market Size & Outlook
Middle East & Africa steam turbine market, 2018-2030 (US$M)
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MEA steam turbine market highlights
- The MEA steam turbine market generated a revenue of USD 2,026.2 million in 2022.
- The market is expected to grow at a CAGR of 1.3% 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.
MEA data book summary
| Market revenue in 2022 | USD 2,026.2 million |
| Market revenue in 2030 | USD 2,241.4 million |
| Growth rate | 1.3% (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, MEA region accounted for 12.5% 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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Middle East & Africa 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 61.22% in 2022. Horizon Databook has segmented the Middle East & Africa 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.
The Middle East & Africa (MEA) accounted for a significant share of steam turbine market in 2020 owing to the installation of a number of fossil fuel-based power plants in countries such as Oman, the United Arab Emirates (UAE), Iran, and Egypt.
In addition, steam turbine market in the region is expected to grow during the forecast period owing to a large number of fossil fuel-based power generation projects in the pipeline in the region.
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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 Middle East & Africa steam turbine market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa steam turbine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Steam Turbine Market Outlook Share, 2022 & 2030 (US$M)
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