Press release
Steam Turbine Market to See Revolutionary Growth| Shanghai Electric, Elliott Group, General Electric
Steam Turbine Market
Major companies in Steam Turbine Market are:
General Electric (United States), Siemens Energy (Germany), Mitsubishi Heavy Industries (Japan), Dongfang Electric Corporation (China), BHEL (India), Elliott Group (United States), Harbin Electric Corporation (China), Shanghai Electric (China), Stork Turbo Blading (Netherlands), Doosan Heavy Industries & Construction (South Korea), Sulzer Ltd (Switzerland), Ansaldo Energia (Italy), EthosEnergy (United States), Toshiba Corporation (Japan), MAN Energy Solutions (Germany)
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According to HTF Market Intelligence, the global Steam Turbine market is valued at USD 18 billion in 2025 and estimated to reach a revenue of USD 30 billion by 2030, with a CAGR of 7.27% from 2025 to 2030.
The following Key Segments Are Covered in Our Report
By Type
mall (1-120 MW), Medium (121-350 MW), Large (above 350 MW)
By Application
Power Generation, Oil & Gas, Industrial
Definition:
Steam turbines are used in power plants and industrial settings to convert thermal energy into mechanical energy. The steam generated from burning fuel or other heat sources drives a turbine connected to a generator, producing electricity. Steam turbines are essential for large-scale power generation in both fossil fuel-based and nuclear power plants. The market is expanding due to the global demand for electricity and the shift toward cleaner energy sources, including nuclear and renewable energy.
Market Trends:
Integration with combined-cycle plants, efficiency improvements, adoption of renewable technologies
Market Drivers:
Growing energy demand, shift towards clean power generation, technological advancements
Market Challenges:
High capital investment, environmental regulations, operational costs
Dominating Region:
North America, Europe, Asia-Pacific
Fastest-Growing Region:
Asia-Pacific, Middle East
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Steam Turbine market segments by Types: mall (1-120 MW), Medium (121-350 MW), Large (above 350 MW)
Detailed analysis of Steam Turbine market segments by Applications: Power Generation, Oil & Gas, Industrial
Global Steam Turbine Market -Regional Analysis
• North America: United States of America (US), Canada, and Mexico.
• South & Central America: Argentina, Chile, Colombia, and Brazil.
• Middle East & Africa: Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Israel, Egypt, and South Africa.
• Europe: the UK, France, Italy, Germany, Spain, Nordics, BALTIC Countries, Russia, Austria, and the Rest of Europe.
• Asia: India, China, Japan, South Korea, Taiwan, Southeast Asia (Singapore, Thailand, Malaysia, Indonesia, Philippines & Vietnam, etc) & Rest
• Oceania: Australia & New Zealand
Steam Turbine Market Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
Buy Now Latest Edition of Steam Turbine Market Report https://www.htfmarketreport.com/buy-now?format=1&report=8611-global-steam-turbine-mro-market?utm_source=Sonali_Newstrail&utm_id=Sonali
Points Covered in Table of Content of Global Steam Turbine Market:
Chapter 01 - Steam Turbine Executive Summary
Chapter 02 - Market Overview
Chapter 03 - Key Success Factors
Chapter 04 - Global Steam Turbine Market - Pricing Analysis
Chapter 05 - Global Steam Turbine Market Background or History
Chapter 06 - Global Steam Turbine Market Segmentation (e.g. Type, Application)
Chapter 07 - Key and Emerging Countries Analysis Worldwide Steam Turbine Market
Chapter 08 - Global Steam Turbine Market Structure & worth Analysis
Chapter 09 - Global Steam Turbine Market Competitive Analysis & Challenges
Chapter 10 - Assumptions and Acronyms
Chapter 11 - Steam Turbine Market Research Method
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, Japan, Australia or Southeast Asia.
Contact Us :
Nidhi Bhawsar (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +15075562445
sales@htfmarketintelligence.com
About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
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