Steam Turbine Market 2023 in-Depth Analysis by Major Players like Alstom SA, Siemens AG, General Electric, Mitsubishi Hitachi Power Systems, Toshiba Corporation, ABB, Elliott Group Fuji Electric Co., and Man Diesel & Turbo SE

Market Research Future (MRFR) has released an extensive report on the global steam turbine market highlighting the key macro and micro-economic factors impacting the growth of the market over the forecast period of 2017-2023. MRFR has asserted that the steam turbine market would reach USD 19.21 Bn at a CAGR of 4.2% over the forecast period.

Steam turbines are used in thermal electricity generation plants, one of the older methods of power generation. Steam turbine consume less pace, have larger capacity and are designed for greater speed range.

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Rapid industrialization in emerging economies and rising global population, which are consistently propelling the demand for energy, are the primary factors augmenting the demand for steam turbine. Increasing demand for electricity, rapid industrialization, and development of more efficient turbines & technology, help Steam turbines secure a larger footprint in large and high growth in market. They require less space, have a large capacity, and are designed for a greater range of speed, which act as major drivers for the growth of the market.

Segmentation

The global steam turbine market has been segmented based on plant fuel, capacity, exhaust type, and end user.

By exhaust type, the steam turbine market has been segmented into condensing steam turbines and non-condensing steam turbines.

By end user, the steam turbine market has been segmented into Power & Utility, Industrial and others.

By plant fuel, the steam turbine market has been segmented into coal, Gas, Nuclear and others.

By capacity, the steam turbine market has been segmented into Up to 120 MW, 121-750 MW and Above 750 MW.

Competitive Landscape:

The major players operating in the market of global steam turbine are Alstom SA (France), Siemens AG (Germany), General Electric (U.S.), Mitsubishi Hitachi Power Systems (Japan), Toshiba Corporation (Japan), ABB (Switzerland), Elliott Group (U.S.) Fuji Electric Co., Ltd.,( Japan), and Man Diesel & Turbo SE (Germany ).

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Table of Contents

1. Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3. Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4. Global Steam Turbine Market, By Plant Fuel

4.1 Introduction

4.2 Coal

4.3 Gas

4.4 Nuclear

4.5 Others

Continued……

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This release was published on openPR.