Axial Flow Steam Turbine Market Outlook 2025, Industry Demand, Emerging Applications, and Strategic Forecast to 2031 | GE, Siemens, Dongfang Electric, Shanghai Electric, Hangzhou Steam Turbine

The report named, "Global Axial Flow Steam Turbine Market Outlook, In‐Depth Analysis And Forecast to 2031" has been added to the archive of market research studies by QY Research. The global Axial Flow Steam Turbine market is broadly and deeply studied in the report with key focus on the competitive landscape, regional growth, market segmentation, and market dynamics. We have used latest primary and secondary research techniques for compiling this comprehensive research study. The report offers Porter's Five Forces analysis, PESTLE analysis, competitive analysis, manufacturing cost analysis, revenue and production analysis, and various other types of analysis to provide a complete view of the global Axial Flow Steam Turbine market. Each segment of the global Axial Flow Steam Turbine market is carefully analyzed on the basis of market share, CAGR, and other vital factors.

The global Axial Flow Steam Turbine market is projected to grow from US$ 6123 million in 2024 to US$ 8388 million by 2031, at a CAGR of 4.6% (2025-2031), driven by critical product segments and diverse end‐use applications, while evolving U.S. tariff policies introduce trade‐cost volatility and supply‐chain uncertainty.

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The axial-flow steam turbine market is experiencing a structural development opportunity driven by global energy transition and industrial upgrading. Its prospects are deeply intertwined with efficient and clean thermal power, the nuclear resurgence, and the expansion of large-scale chemical production capacity, placing higher demands on unit efficiency, flexibility, and carbon capture compatibility.

The North American market, leveraging its vast fleet replacement demand, active gas-fired power plant investment, and leading energy technology R&D capabilities, continues to drive the adoption and upgrade of high-parameter units.

The European market, with its deep industrial heritage, stringent carbon emission policies, and leading green hydrogen and carbon capture technologies, maintains a significant influence in promoting the decarbonization of traditional energy and advanced cogeneration.

The Asia-Pacific market, particularly China and Southeast Asia, exhibits the strongest growth momentum. Their substantial potential for electricity demand growth, leading nuclear and ultra-supercritical coal-fired power plant construction, and well-developed industrial chains are driving them to become core global manufacturing bases and demand engines, contributing significant incremental growth to the market.

The research study includes key results and findings of our monitoring and analysis of the global Axial Flow Steam Turbine market. We have provided crucial data points, which include divestments, new product launches, expansions, partnerships, mergers, acquisitions, and other strategic initiatives taken by players in the global Axial Flow Steam Turbine market. The report also provides price trends for regional markets and analysis of important market events on a regional as well as global scale. Our analysis will enable you to take informed decisions in the global Axial Flow Steam Turbine market relating to procurement, inventory, pricing, and production. We enable you to give a tough competition to your opponents by providing real-time, actionable, and quick market information.

Key Players Mentioned in the Global Axial Flow Steam Turbine Market Research Report:

GE
Siemens
Dongfang Electric
Shanghai Electric
Hangzhou Steam Turbine
Harbin Electric
Mitsubishi Heavy Industries Power Systems
MAN Energy Solutions
Fuji Electric
Ebara Elliott
Doosan
Ansaldo
Kawasaki Heavy Industries
Power Machines

Our competitor profiling includes evaluation of distribution channels and products and services offered by and financial performance of companies operating in the global Axial Flow Steam Turbine market. We also provide Porter's Five Forces, PESTLE, and SWOT analysis to assess competitive threat and examine other aspects of the global Axial Flow Steam Turbine market. The report offers strategic recommendations, competitor benchmarking for performance measurement, and analysis of partnership, merger, and acquisition targets and industry best practices. It also provides analysis of profitability and cost across the industry value chain.

Players can use the report to gain sound understanding of the growth trend of important segments of the global Axial Flow Steam Turbine market. The report offers separate analysis of product type and application segments of the global Axial Flow Steam Turbine market. Each segment is studied in great detail to provide a clear and thorough analysis of its market growth, future growth potential, growth rate, growth drivers, and other key factors. The segmental analysis offered in the report will help players to discover rewarding growth pockets of the global Axial Flow Steam Turbine market and gain a competitive advantage over their opponents.

Details of Axial Flow Steam Turbine Market Segmentation: -

Segment by Type:

Single-Cylinder Steam Turbine
Multi-Cylinder Steam Turbine

Segment by Application:

Power Generation
Shipbuilding
Petrochemicals
Metallurgy
Others

Key regions including but not limited to North America, Asia Pacific, Europe, and the MEA are exhaustively analysed based on market size, CAGR, market potential, economic and political factors, regulatory scenarios, and other significant parameters. The regional analysis provided in the report will help market participants to identify lucrative and untapped business opportunities in different regions and countries. It includes a special study on production and production rate, import and export, and consumption in each regional Axial Flow Steam Turbine market considered for research. The report also offers detailed analysis of country-level Axial Flow Steam Turbine markets.

This Axial Flow Steam Turbine Market Research Report Contains Answers to your following Questions

(A) Which Manufacturing Technology is Used for Axial Flow Steam Turbine? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?

(B) Who Are the Global Key Players in This Axial Flow Steam Turbine Market? What's Their Company Profile, Their Product Information, and Contact Information?

(C) What Was Global Market Status of Axial Flow Steam Turbine Market? What Was Capacity, Production Value, Cost and PROFIT of Axial Flow Steam Turbine Market?

(D) What Is Current Market Status of Axial Flow Steam Turbine Industry? What's Market Competition in This Industry, Both Company, and Country Wise? What's Market Analysis of Axial Flow Steam Turbine Market by Taking Applications and Types in Consideration?

(E) What Are Projections of Global Axial Flow Steam Turbine Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?

(F) What Is Axial Flow Steam Turbine Market Chain Analysis by Upstream Raw Materials and Downstream Industry?

(G) What Is Economic Impact on Axial Flow Steam Turbine Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?

(H) What Are Market Dynamics of Axial Flow Steam Turbine Market? What Are Challenges and Opportunities?

(I) What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Axial Flow Steam Turbine Industry?

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Table of Content

1 Study Coverage
1.1 Introduction to Axial Flow Steam Turbine: Definition, Properties, and Key Attributes
1.2 Market Segmentation by Type
1.2.1 Global Axial Flow Steam Turbine Market Size by Type, 2020 VS 2024 VS 2031
1.2.2 Single-Cylinder Steam Turbine
1.2.3 Multi-Cylinder Steam Turbine
1.3 Market Segmentation by Application
1.3.1 Global Axial Flow Steam Turbine Market Size by Application, 2020 VS 2024 VS 2031
1.3.2 Power Generation
1.3.3 Shipbuilding
1.3.4 Petrochemicals
1.3.5 Metallurgy
1.3.6 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Executive Summary
2.1 Global Axial Flow Steam Turbine Revenue Estimates and Forecasts 2020-2031
2.2 Global Axial Flow Steam Turbine Revenue by Region
2.2.1 Revenue Comparison: 2020 VS 2024 VS 2031
2.2.2 Historical and Forecasted Revenue by Region (2020--2031)
2.2.3 Global Revenue Market Share by Region (2020-2031)
2.3 Global Axial Flow Steam Turbine Sales Estimates and Forecasts 2020-2031
2.4 Global Axial Flow Steam Turbine Sales by Region
2.4.1 Sales Comparison: 2020 VS 2024 VS 2031
2.4.2 Historical and Forecasted Sales by Region (2020-2031)
2.4.3 Emerging Market Focus: Growth Drivers & Investment Trends
2.4.4 Global Sales Market Share by Region (2020-2031)
3 Global Production Analysis
3.1 Global Axial Flow Steam Turbine Production Capacity and Utilization Rates (2020-2031)
3.2 Regional Production: Comparative Analysis (2020 VS 2024 VS 2031)
3.3 Regional Production Dynamics
3.3.1 Historic Production by Region (2020-2025)
3.3.2 Forecasted Production by Region (2026-2031)
3.3.3 Production Market Share by Region (2020-2031)
3.3.4 Regulatory and Trade Policy Impact on Production
3.3.5 Production Capacity Enablers and Constraints
3.4 Key Regional Production Hubs
3.4.1 North America
3.4.2 Europe
3.4.3 China
3.4.4 Japan
4 Competition by Manufacturers
4.1 Global Axial Flow Steam Turbine Sales by Manufacturers
4.1.1 Global Sales Volume by Manufacturers (2020-2025)
4.1.2 Global Top 5 and Top 10 Manufacturers'Market Share by Sales Volume (2024)
4.2 Global Axial Flow Steam Turbine Manufacturer Revenue Rankings and Tiers
4.2.1 Global Revenue (Value) by Manufacturers (2020-2025)
4.2.2 Global Key Manufacturer Revenue Ranking (2023 vs. 2024)
4.2.3 Revenue-Based Tier Segmentation (Tier 1, Tier 2, and Tier 3)
4.3 Manufacturer Profitability Profiles and Pricing Strategies
4.3.1 Gross Margin by Top Manufacturer (2020 VS 2024)
4.3.2 Manufacturer-Level Price Trends (2020-2025)
4.4 Key Manufacturers Manufacturing Base and Headquarters
4.5 Main Product Type Market Size by Manufacturers
4.5.1 Single-Cylinder Steam Turbine Market Size by Manufacturers
4.5.2 Multi-Cylinder Steam Turbine Market Size by Manufacturers
4.6 Global Axial Flow Steam Turbine Market Concentration and Dynamics
4.6.1 Global Market Concentration (CR5 and HHI)
4.6.2 Entrant/Exit Impact Analysis
4.6.3 Strategic Moves: M&A, Capacity Expansion, R&D Investment
5 Global Product Segmentation Analysis
5.1 Global Axial Flow Steam Turbine Sales Performance by Type
5.1.1 Global Historical and Forecasted Sales by Type (2020-2031)
5.1.2 Global Sales Market Share by Type (2020-2031)
5.2 Global Axial Flow Steam Turbine Revenue Trends by Type
5.2.1 Global Historical and Forecasted Revenue by Type (2020-2031)
5.2.2 Global Revenue Market Share by Type (2020-2031)
5.3 Global Average Selling Price (ASP) Trends by Type (2020-2031)
5.4 Product Technology Differentiation
5.5 Subtype Dynamics: Growth Leaders, Profitability and Risk
5.5.1 High-Growth Niches and Adoption Drivers
5.5.2 Profitability Hotspots and Cost Drivers
5.5.3 Substitution Threats
6 Global Downstream Application Analysis
6.1 Global Axial Flow Steam Turbine Sales by Application
6.1.1 Global Historical and Forecasted Sales by Application (2020-2031)
6.1.2 Global Sales Market Share by Application (2020-2031)
6.1.3 High-Growth Application Identification
6.1.4 Emerging Application Case Studies
6.2 Global Axial Flow Steam Turbine Revenue by Application
6.2.1 Global Historical and Forecasted Revenue by Application (2020-2031)
6.2.2 Revenue Market Share by Application (2020-2031)
6.3 Global Pricing Dynamics by Application (2020-2031)
6.4 Downstream Customer Analysis
6.4.1 Top Customers by Region
6.4.2 Top Customers by Application
7 North America
7.1 North America Sales Volume and Revenue (2020-2031)
7.2 North America Key Manufacturers Sales Revenue in 2024
7.3 North America Axial Flow Steam Turbine Sales and Revenue by Type (2020-2031)
7.4 North America Axial Flow Steam Turbine Sales and Revenue by Application (2020-2031)
7.5 North America Growth Accelerators and Market Barriers
7.6 North America Axial Flow Steam Turbine Market Size by Country
7.6.1 North America Revenue by Country
7.6.2 North America Sales Trends by Country
7.6.3 US
7.6.4 Canada
7.6.5 Mexico
8 Europe
8.1 Europe Sales Volume and Revenue (2020-2031)
8.2 Europe Key Manufacturers Sales Revenue in 2024
8.3 Europe Axial Flow Steam Turbine Sales and Revenue by Type (2020-2031)
8.4 Europe Axial Flow Steam Turbine Sales and Revenue by Application (2020-2031)
8.5 Europe Growth Accelerators and Market Barriers
8.6 Europe Axial Flow Steam Turbine Market Size by Country
8.6.1 Europe Revenue by Country
8.6.2 Europe Sales Trends by Country
8.6.3 Germany
8.6.4 France
8.6.5 U.K.
8.6.6 Italy
8.6.7 Russia
9 Asia-Pacific
9.1 Asia-Pacific Sales Volume and Revenue (2020-2031)
9.2 Asia-Pacific Key Manufacturers Sales Revenue in 2024
9.3 Asia-Pacific Axial Flow Steam Turbine Sales and Revenue by Type (2020-2031)
9.4 Asia-Pacific Axial Flow Steam Turbine Sales and Revenue by Application (2020-2031)
9.5 Asia-Pacific Axial Flow Steam Turbine Market Size by Region
9.5.1 Asia-Pacific Revenue by Region
9.5.2 Asia-Pacific Sales Trends by Region
9.6 Asia-Pacific Growth Accelerators and Market Barriers
9.7 Southeast Asia
9.7.1 Southeast Asia Revenue by Country (2020 VS 2024 VS 2031)
9.7.2 Key Country Analysis: Indonesia, Vietnam, Thailand
9.8 China
9.9 Japan
9.10 South Korea
9.11 China Taiwan
9.12 India
10 Central and South America
10.1 Central and South America Sales Volume and Revenue (2020-2031)
10.2 Central and South America Key Manufacturers Sales Revenue in 2024
10.3 Central and South America Axial Flow Steam Turbine Sales and Revenue by Type (2020-2031)
10.4 Central and South America Axial Flow Steam Turbine Sales and Revenue by Application (2020-2031)
10.5 Central and South America Investment Opportunities and Key Challenges
10.6 Central and South America Axial Flow Steam Turbine Market Size by Country
10.6.1 Central and South America Revenue Trends by Country (2020 VS 2024 VS 2031)
10.6.2 Brazil
10.6.3 Argentina
11 Middle East and Africa
11.1 Middle East and Africa Sales Volume and Revenue (2020-2031)
11.2 Middle East and Africa Key Manufacturers Sales Revenue in 2024
11.3 Middle East and Africa Axial Flow Steam Turbine Sales and Revenue by Type (2020-2031)
11.4 Middle East and Africa Axial Flow Steam Turbine Sales and Revenue by Application (2020-2031)
11.5 Middle East and Africa Investment Opportunities and Key Challenges
11.6 Middle East and Africa Axial Flow Steam Turbine Market Size by Country
11.6.1 Middle East and Africa Revenue Trends by Country (2020 VS 2024 VS 2031)
11.6.2 GCC Countries
11.6.3 Turkey
11.6.4 Egypt
11.6.5 South Africa
12 Corporate Profile
12.1 GE
12.1.1 GE Corporation Information
12.1.2 GE Business Overview
12.1.3 GE Axial Flow Steam Turbine Product Models, Descriptions and Specifications
12.1.4 GE Axial Flow Steam Turbine Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.1.5 GE Axial Flow Steam Turbine Sales by Product in 2024
12.1.6 GE Axial Flow Steam Turbine Sales by Application in 2024
12.1.7 GE Axial Flow Steam Turbine Sales by Geographic Area in 2024
12.1.8 GE Axial Flow Steam Turbine SWOT Analysis
12.1.9 GE Recent Developments
12.2 Siemens
12.2.1 Siemens Corporation Information
12.2.2 Siemens Business Overview
12.2.3 Siemens Axial Flow Steam Turbine Product Models, Descriptions and Specifications
12.2.4 Siemens Axial Flow Steam Turbine Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.2.5 Siemens Axial Flow Steam Turbine Sales by Product in 2024
12.2.6 Siemens Axial Flow Steam Turbine Sales by Application in 2024
12.2.7 Siemens Axial Flow Steam Turbine Sales by Geographic Area in 2024
12.2.8 Siemens Axial Flow Steam Turbine SWOT Analysis
12.2.9 Siemens Recent Developments
12.3 Dongfang Electric
12.3.1 Dongfang Electric Corporation Information
12.3.2 Dongfang Electric Business Overview
12.3.3 Dongfang Electric Axial Flow Steam Turbine Product Models, Descriptions and Specifications
12.3.4 Dongfang Electric Axial Flow Steam Turbine Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.3.5 Dongfang Electric Axial Flow Steam Turbine Sales by Product in 2024
12.3.6 Dongfang Electric Axial Flow Steam Turbine Sales by Application in 2024
12.3.7 Dongfang Electric Axial Flow Steam Turbine Sales by Geographic Area in 2024
12.3.8 Dongfang Electric Axial Flow Steam Turbine SWOT Analysis
12.3.9 Dongfang Electric Recent Developments
12.4 Shanghai Electric
12.4.1 Shanghai Electric Corporation Information
12.4.2 Shanghai Electric Business Overview
12.4.3 Shanghai Electric Axial Flow Steam Turbine Product Models, Descriptions and Specifications
12.4.4 Shanghai Electric Axial Flow Steam Turbine Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.4.5 Shanghai Electric Axial Flow Steam Turbine Sales by Product in 2024
12.4.6 Shanghai Electric Axial Flow Steam Turbine Sales by Application in 2024
12.4.7 Shanghai Electric Axial Flow Steam Turbine Sales by Geographic Area in 2024
12.4.8 Shanghai Electric Axial Flow Steam Turbine SWOT Analysis
12.4.9 Shanghai Electric Recent Developments
12.5 Hangzhou Steam Turbine
12.5.1 Hangzhou Steam Turbine Corporation Information
12.5.2 Hangzhou Steam Turbine Business Overview
12.5.3 Hangzhou Steam Turbine Axial Flow Steam Turbine Product Models, Descriptions and Specifications
12.5.4 Hangzhou Steam Turbine Axial Flow Steam Turbine Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.5.5 Hangzhou Steam Turbine Axial Flow Steam Turbine Sales by Product in 2024
12.5.6 Hangzhou Steam Turbine Axial Flow Steam Turbine Sales by Application in 2024
12.5.7 Hangzhou Steam Turbine Axial Flow Steam Turbine Sales by Geographic Area in 2024
12.5.8 Hangzhou Steam Turbine Axial Flow Steam Turbine SWOT Analysis
12.5.9 Hangzhou Steam Turbine Recent Developments
12.6 Harbin Electric
12.6.1 Harbin Electric Corporation Information
12.6.2 Harbin Electric Business Overview
12.6.3 Harbin Electric Axial Flow Steam Turbine Product Models, Descriptions and Specifications
12.6.4 Harbin Electric Axial Flow Steam Turbine Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.6.5 Harbin Electric Recent Developments
12.7 Mitsubishi Heavy Industries Power Systems
12.7.1 Mitsubishi Heavy Industries Power Systems Corporation Information
12.7.2 Mitsubishi Heavy Industries Power Systems Business Overview
12.7.3 Mitsubishi Heavy Industries Power Systems Axial Flow Steam Turbine Product Models, Descriptions and Specifications
12.7.4 Mitsubishi Heavy Industries Power Systems Axial Flow Steam Turbine Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.7.5 Mitsubishi Heavy Industries Power Systems Recent Developments
12.8 MAN Energy Solutions
12.8.1 MAN Energy Solutions Corporation Information
12.8.2 MAN Energy Solutions Business Overview
12.8.3 MAN Energy Solutions Axial Flow Steam Turbine Product Models, Descriptions and Specifications
12.8.4 MAN Energy Solutions Axial Flow Steam Turbine Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.8.5 MAN Energy Solutions Recent Developments
12.9 Fuji Electric
12.9.1 Fuji Electric Corporation Information
12.9.2 Fuji Electric Business Overview
12.9.3 Fuji Electric Axial Flow Steam Turbine Product Models, Descriptions and Specifications
12.9.4 Fuji Electric Axial Flow Steam Turbine Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.9.5 Fuji Electric Recent Developments
12.10 Ebara Elliott
12.10.1 Ebara Elliott Corporation Information
12.10.2 Ebara Elliott Business Overview
12.10.3 Ebara Elliott Axial Flow Steam Turbine Product Models, Descriptions and Specifications
12.10.4 Ebara Elliott Axial Flow Steam Turbine Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.10.5 Ebara Elliott Recent Developments
12.11 Doosan
12.11.1 Doosan Corporation Information
12.11.2 Doosan Business Overview
12.11.3 Doosan Axial Flow Steam Turbine Product Models, Descriptions and Specifications
12.11.4 Doosan Axial Flow Steam Turbine Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.11.5 Doosan Recent Developments
12.12 Ansaldo
12.12.1 Ansaldo Corporation Information
12.12.2 Ansaldo Business Overview
12.12.3 Ansaldo Axial Flow Steam Turbine Product Models, Descriptions and Specifications
12.12.4 Ansaldo Axial Flow Steam Turbine Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.12.5 Ansaldo Recent Developments
12.13 Kawasaki Heavy Industries
12.13.1 Kawasaki Heavy Industries Corporation Information
12.13.2 Kawasaki Heavy Industries Business Overview
12.13.3 Kawasaki Heavy Industries Axial Flow Steam Turbine Product Models, Descriptions and Specifications
12.13.4 Kawasaki Heavy Industries Axial Flow Steam Turbine Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.13.5 Kawasaki Heavy Industries Recent Developments
12.14 Power Machines
12.14.1 Power Machines Corporation Information
12.14.2 Power Machines Business Overview
12.14.3 Power Machines Axial Flow Steam Turbine Product Models, Descriptions and Specifications
12.14.4 Power Machines Axial Flow Steam Turbine Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.14.5 Power Machines Recent Developments
13 Value Chain and Supply-Chain Analysis
13.1 Axial Flow Steam Turbine Industry Chain
13.2 Axial Flow Steam Turbine Upstream Materials Analysis
13.2.1 Raw Materials
13.2.2 Key Suppliers Market Share & Risk Assessment
13.3 Axial Flow Steam Turbine Integrated Production Analysis
13.3.1 Manufacturing Footprint Analysis
13.3.2 Production Technology Overview
13.3.3 Regional Cost Drivers
13.4 Axial Flow Steam Turbine Sales Channels and Distribution Networks
13.4.1 Sales Channels
13.4.2 Distributors
14 Axial Flow Steam Turbine Market Dynamics
14.1 Industry Trends and Evolution
14.2 Market Growth Drivers and Emerging Opportunities
14.3 Market Challenges, Risks, and Restraints
15 Key Findings in the Global Axial Flow Steam Turbine Study
16 Appendix
16.1 Research Methodology
16.1.1 Methodology/Research Approach
16.1.1.1 Research Programs/Design
16.1.1.2 Market Size Estimation
16.1.1.3 Market Breakdown and Data Triangulation
16.1.2 Data Source
16.1.2.1 Secondary Sources
16.1.2.2 Primary Sources
16.2 Author Details

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