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Global Steam Turbine Market Size study, by Design (Reaction, Impulse), by End-Use Industry (Power generation, Petrochemical, Oil & Gas, Others) and Regional Forecasts 2020-2027

  • BIZ4026534
  • 200 Pages
  • August 2020
  • Energy and Power
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Global Steam Turbine Market is valued approximately at USD 24.1 billion in 2019 and is anticipated to grow with a compounded annual growth rate of more than 2.8% over the forecast period 2020-2027. A steam turbine is a type of generator that usually works by hot water to generate rotational or mechanical energy. Steam turbines usually utilize thermal energy, which is the most commonly utilized source of power for electricity generation around the world and has a better-installed capability than any other energy source. Steam turbine is used in several industrial applications, such as power plants and larger ships to operate them, whereas smaller steam turbines are further utilized to operate fans and pumps at petrochemical plants. Increasing power demand, rising technological advancement in steam turbine development, and expanding thermal power capacity additions are few other factors responsible for the market growth over the forecast period. As per the International Energy Agency (IEA), global energy consumption grew by 2.3% in the year 2018, twice than the usual rate for the last 10 years. This increasing utilization is primarily driven by the expanded interest for electricity and the robust development of the global economy. The utilization of power rose with the level of about 4% and the share of electricity in worldwide energy utilization reached almost 20% in the year 2018. Similarly, according to the Central Electricity Authority (CEA) of India, the demand for power generation from nuclear, hydel, and thermal is likely to increase by 6.5% in 2020 across the country. This estimation is approximately twice than the previous year increase of 3.5%. Therefore, the rise in consumption of electricity is likely to accelerate the demand for Steam Turbine, thereby aiding the market growth all over the world. However, the slowdown of new nuclear power plant construction, along with the stringent regulatory norms on fossil-fuel-fired power plants are the major factors restraining the market growth over the forecast period of 2020-2027.

The regional analysis of the global Steam Turbine market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the increasing demand for electricity, along with the rising focus on cleaner resources such as renewable energy and natural resources in the region. Whereas Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in the number of fossil-fuel based power plants and the large presence of market vendors would create lucrative growth prospects for the Steam Turbine market across the Asia-Pacific region.

Major market player included in this report are:

General Electric (GE) Co.

Turbine Generator Maintenance Inc.

Toshiba Corporation

Siemens AG

Arani power systems

Elliott Group

TURBOCAM

Doosan Škoda Power

Chola Turbo Machinery International Pvt. Ltd.

Mitsubishi Hitachi Power Systems Americas Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Design:

Reaction

Impulse

By End-Use Industry:

Power generation

Petrochemical

Oil & Gas

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018

Base year – 2019

Forecast period – 2020 to 2027

Target Audience of the Global Steam Turbine Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)

1.2.1. Steam Turbine Market, by Region, 2018-2027 (USD Billion)

1.2.2. Steam Turbine Market, by Design, 2018-2027 (USD Billion)

1.2.3. Steam Turbine Market, by End-Use Industry, 2018-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Steam Turbine Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Steam Turbine Market Dynamics

3.1. Steam Turbine Market Impact Analysis (2018-2027)

3.1.1. Market Drivers

3.1.2. Market Challenges

3.1.3. Market Opportunities

Chapter 4. Global Steam Turbine Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Steam Turbine Market, by Design

5.1. Market Snapshot

5.2. Global Steam Turbine Market by Design, Performance - Potential Analysis

5.3. Global Steam Turbine Market Estimates & Forecasts by Design 2017-2027 (USD Billion)

5.4. Steam Turbine Market, Sub Segment Analysis

5.4.1. Reaction

5.4.2. Impulse

Chapter 6. Global Steam Turbine Market, by End-Use Industry

6.1. Market Snapshot

6.2. Global Steam Turbine Market by End-Use Industry, Performance - Potential Analysis

6.3. Global Steam Turbine Market Estimates & Forecasts by End-Use Industry 2017-2027 (USD Billion)

6.4. Steam Turbine Market, Sub Segment Analysis

6.4.1. Power generation

6.4.2. Petrochemical

6.4.3. Oil & Gas

6.4.4. Others

Chapter 7. Global Steam Turbine Market, Regional Analysis

7.1. Steam Turbine Market, Regional Market Snapshot

7.2. North America Steam Turbine Market

7.2.1. U.S. Steam Turbine Market

7.2.1.1. Design breakdown estimates & forecasts, 2017-2027

7.2.1.2. End-Use Industry breakdown estimates & forecasts, 2017-2027

7.2.2. Canada Steam Turbine Market

7.3. Europe Steam Turbine Market Snapshot

7.3.1. U.K. Steam Turbine Market

7.3.2. Germany Steam Turbine Market

7.3.3. France Steam Turbine Market

7.3.4. Spain Steam Turbine Market

7.3.5. Italy Steam Turbine Market

7.3.6. Rest of Europe Steam Turbine Market

7.4. Asia-Pacific Steam Turbine Market Snapshot

7.4.1. China Steam Turbine Market

7.4.2. India Steam Turbine Market

7.4.3. Japan Steam Turbine Market

7.4.4. Australia Steam Turbine Market

7.4.5. South Korea Steam Turbine Market

7.4.6. Rest of Asia Pacific Steam Turbine Market

7.5. Latin America Steam Turbine Market Snapshot

7.5.1. Brazil Steam Turbine Market

7.5.2. Mexico Steam Turbine Market

7.6. Rest of The World Steam Turbine Market

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies

8.2. Company Profiles

8.2.1. General Electric (GE) Co.

8.2.1.1. Key Information

8.2.1.2. Overview

8.2.1.3. Financial (Subject to Data Availability)

8.2.1.4. Product Summary

8.2.1.5. Recent Developments

8.2.2. Turbine Generator Maintenance Inc.

8.2.3. Toshiba Corporation

8.2.4. Siemens AG

8.2.5. Arani power systems

8.2.6. Elliott Group

8.2.7. TURBOCAM

8.2.8. Doosan Škoda Power

8.2.9. Chola Turbo Machinery International Pvt. Ltd.

8.2.10. Mitsubishi Hitachi Power Systems Americas Inc.

Chapter 9. Research Process

9.1. Research Process

9.1.1. Data Mining

9.1.2. Analysis

9.1.3. Market Estimation

9.1.4. Validation

9.1.5. Publishing

9.2. Research Attributes

9.3. Research Assumption

TABLE 1. Global Steam Turbine market, report scope

TABLE 2. Global Steam Turbine market estimates & forecasts by region 2017-2027 (USD Billion)

TABLE 3. Global Steam Turbine market estimates & forecasts by Design 2017-2027 (USD Billion)

TABLE 4. Global Steam Turbine market estimates & forecasts by End-Use Industry 2017-2027 (USD Billion)

TABLE 5. Global Steam Turbine market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 6. Global Steam Turbine market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 7. Global Steam Turbine market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 8. Global Steam Turbine market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 9. Global Steam Turbine market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 10. Global Steam Turbine market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 11. Global Steam Turbine market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 12. Global Steam Turbine market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 13. Global Steam Turbine market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 14. Global Steam Turbine market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 15. Global Steam Turbine market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 16. Global Steam Turbine market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 17. Global Steam Turbine market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 18. Global Steam Turbine market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 19. Global Steam Turbine market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 20. Global Steam Turbine market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 21. U.S. Steam Turbine market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 22. U.S. Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 23. U.S. Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 24. Canada Steam Turbine market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 25. Canada Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 26. Canada Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 27. UK Steam Turbine market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 28. UK Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 29. UK Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 30. Germany Steam Turbine market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 31. Germany Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 32. Germany Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 33. France Steam Turbine market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 34. France Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 35. France Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 36. Spain Steam Turbine market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 37. Spain Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 38. Spain Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 39. Italy Steam Turbine market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 40. Italy Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 41. Italy Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 42. ROE Steam Turbine market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 43. ROE Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 44. ROE Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 45. China Steam Turbine market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 46. China Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 47. China Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 48. India Steam Turbine market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 49. India Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 50. India Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 51. Japan Steam Turbine market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 52. Japan Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 53. Japan Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 54. Australia Steam Turbine market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 55. Australia Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 56. Australia Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 57. South Korea Steam Turbine market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 58. South Korea Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 59. South Korea Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 60. ROPAC Steam Turbine market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 61. ROPAC Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 62. ROPAC Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 63. Brazil Steam Turbine market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 64. Brazil Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 65. Brazil Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 66. Mexico Steam Turbine market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 67. Mexico Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 68. Mexico Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 69. ROLA Steam Turbine market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 70. ROLA Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 71. ROLA Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 72. ROW Steam Turbine market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 73. ROW Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 74. ROW Steam Turbine market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 75. List of secondary sources, used in the study of global Steam Turbine market

TABLE 76. List of primary sources, used in the study of global Steam Turbine market

TABLE 77. Years considered for the study

TABLE 78. Exchange rates considered

 
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