The steam turbine market size is projected to reach US$ 17.79 billion in 2024 and is expected to reach US$ 21.64 billion by 2031. The steam turbine market is estimated to register a CAGR of 2.75% from 2025–2031.
Steam Turbine Market AnalysisThe worldwide steam turbine industry expansion is influenced by increasing power requirements owing to industrialization and urbanization, as well as commitments made for carbon neutrality and decarbonization targets. These changes are due to government policies aimed at cutting carbon emissions and strict environmental regulations, which push an accelerated pace of investment for thermal power modernization of coal, gas, biomass, and nuclear plants. Different high-efficiency steam turbines, such as supercritical and ultra-supercritical, are produced to improve thermal performance.
Steam Turbine Market OverviewSteam turbines are essential technologies used in thermal, nuclear, and combined heat and power (CHP) plants globally. They convert the thermal energy into mechanical power, which is then used for the generation of reliable electricity. The turbines can operate at high efficiency, can be turned on and off as needed (operational flexibility), and can be used in power plants fueled by coal, gas, biomass, or even nuclear heat (carbon-free).
The steam turbine market is divided into different segments to give a clearer view of how it works, its growth potential, and the latest trends. Below is the standard segmentation approach used in industry reports:
Asia Pacific dominates global steam turbine demand, underpinned by rapid industrialization, urbanization, and strong electricity consumption in China, India, and Southeast Asia. The region’s large pipeline of coal, gas, nuclear, and cogeneration projects, combined with the modernization of aging thermal plants, sustains high installation rates for utility-scale units.
Below is a summary of market share and trends by region:
Competition is strong due to the presence of established players such as GE Vernova Inc., Siemens Energy AG, Chart Industries Inc., and Baker Hughes Co. Regional and niche providers, such as Trillium Flow Technologies, Triveni Turbine Ltd, and Turtle Turbines (P) Ltd., also add to the competitive landscape across different regions.
This high level of competition urges companies to stand out by offering:
The "Steam Turbine Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
1.1 Report Guidance
1.2 Market Segmentation
2.1 Analyst Market Outlook
2.2 Market Attractiveness
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
3.3 Assumptions and Limitations
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Raw Material Providers
4.3.2 Steam Turbine Manufacturers
4.3.3 Distributors / Suppliers
4.3.4 End Users
4.3.5 List of Vendors in the Value Chain
5.1 Steam Turbine Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Decarbonization Policies and Efficiency Upgrades
5.2.2 Industrial and CHP Expansion
5.3 Market Restraints
5.3.1 Competition from Alternative Energy Solutions
5.3.2 High Capital Investment and Cost Barriers
5.4 Market Opportunities
5.4.1 Integration with Low-Carbon and Hybrid Energy Systems
5.4.2 Digitalization, Predictive Maintenance, and Service Innovation
5.4.3 Combined Cycle Power Plant Growth
5.5 Future Trends
5.5.1 Modularity and Customization
5.5.2 Growing Focus on Grid Support and Ancillary Services
5.6 Impact of Drivers and Restraints:
6.1 Steam Turbine Market Revenue (US$ Million), 2021–2031
6.2 Steam Turbine Market Forecast Analysis
7.1 Impulse Turbine
7.1.1 Overview
7.1.2 Impulse Turbine: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Reaction Turbine
7.2.1 Overview
7.2.2 Reaction Turbine: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
8.1 Fossil Fuel
8.1.1 Overview
8.1.2 Fossil Fuel: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Thermal Renewable
8.2.1 Overview
8.2.2 Thermal Renewable: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Others
8.3.1 Overview
8.3.2 Others: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
9.1 Power Generation
9.1.1 Overview
9.1.2 Power Generation: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Oil and Gas
9.2.1 Overview
9.2.2 Oil and Gas: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Others
9.3.1 Overview
9.3.2 Others: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
10.1 Less than 10 MW
10.1.1 Overview
10.1.2 Less than 10 MW: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
10.2 10 MW to 100 MW
10.2.1 Overview
10.2.2 10 MW to 100 MW: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
10.3 100 MW to 300 MW
10.3.1 Overview
10.3.2 100 MW to 300 MW: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
10.4 Above 300 MW
10.4.1 Overview
10.4.2 Above 300 MW: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
11.1 Overview
11.2 North America
11.2.1 North America Steam Turbine Market Overview
11.2.2 North America: Steam Turbine Market – Revenue, 2021–2031 (US$ Million)
11.2.3 North America: Steam Turbine Market Breakdown, by Type
11.2.3.1 North America: Steam Turbine Market – Revenue and Forecast Analysis – by Type
11.2.4 North America: Steam Turbine Market Breakdown, by Source
11.2.4.1 North America: Steam Turbine Market – Revenue and Forecast Analysis – by Source
11.2.5 North America: Steam Turbine Market Breakdown, by End User
11.2.5.1 North America: Steam Turbine Market – Revenue and Forecast Analysis – by End User
11.2.6 North America: Steam Turbine Market Breakdown, by Capacity
11.2.6.1 North America: Steam Turbine Market – Revenue and Forecast Analysis – by Capacity
11.2.7 North America: Steam Turbine Market – Revenue and Forecast Analysis – by Country
11.2.7.1 North America: Steam Turbine Market – Revenue and Forecast Analysis – by Country
11.2.7.2 US: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.2.7.2.1 US: Steam Turbine Market Breakdown, by Type
11.2.7.2.2 US: Steam Turbine Market Breakdown, by Source
11.2.7.2.3 US: Steam Turbine Market Breakdown, by End User
11.2.7.2.4 US: Steam Turbine Market Breakdown, by Capacity
11.2.7.3 Canada: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.2.7.3.1 Canada: Steam Turbine Market Breakdown, by Type
11.2.7.3.2 Canada: Steam Turbine Market Breakdown, by Source
11.2.7.3.3 Canada: Steam Turbine Market Breakdown, by End User
11.2.7.3.4 Canada: Steam Turbine Market Breakdown, by Capacity
11.2.7.4 Mexico: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.2.7.4.1 Mexico: Steam Turbine Market Breakdown, by Type
11.2.7.4.2 Mexico: Steam Turbine Market Breakdown, by Source
11.2.7.4.3 Mexico: Steam Turbine Market Breakdown, by End User
11.2.7.4.4 Mexico: Steam Turbine Market Breakdown, by Capacity
11.3 Europe
11.3.1 Europe Steam Turbine Market Overview
11.3.2 Europe: Steam Turbine Market – Revenue, 2021–2031 (US$ Million)
11.3.3 Europe: Steam Turbine Market Breakdown, by Type
11.3.3.1 Europe: Steam Turbine Market – Revenue and Forecast Analysis – by Type
11.3.4 Europe: Steam Turbine Market Breakdown, by Source
11.3.4.1 Europe: Steam Turbine Market – Revenue and Forecast Analysis – by Source
11.3.5 Europe: Steam Turbine Market Breakdown, by End User
11.3.5.1 Europe: Steam Turbine Market – Revenue and Forecast Analysis – by End User
11.3.6 Europe: Steam Turbine Market Breakdown, by Capacity
11.3.6.1 Europe: Steam Turbine Market – Revenue and Forecast Analysis – by Capacity
11.3.7 Europe: Steam Turbine Market – Revenue and Forecast Analysis – by Country
11.3.7.1 Europe: Steam Turbine Market – Revenue and Forecast Analysis – by Country
11.3.7.2 Germany: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.3.7.2.1 Germany: Steam Turbine Market Breakdown, by Type
11.3.7.2.2 Germany: Steam Turbine Market Breakdown, by Source
11.3.7.2.3 Germany: Steam Turbine Market Breakdown, by End User
11.3.7.2.4 Germany: Steam Turbine Market Breakdown, by Capacity
11.3.7.3 France: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.3.7.3.1 France: Steam Turbine Market Breakdown, by Type
11.3.7.3.2 France: Steam Turbine Market Breakdown, by Source
11.3.7.3.3 France: Steam Turbine Market Breakdown, by End User
11.3.7.3.4 France: Steam Turbine Market Breakdown, by Capacity
11.3.7.4 Italy: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.3.7.4.1 Italy: Steam Turbine Market Breakdown, by Type
11.3.7.4.2 Italy: Steam Turbine Market Breakdown, by Source
11.3.7.4.3 Italy: Steam Turbine Market Breakdown, by End User
11.3.7.4.4 Italy: Steam Turbine Market Breakdown, by Capacity
11.3.7.5 United Kingdom: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.3.7.5.1 United Kingdom: Steam Turbine Market Breakdown, by Type
11.3.7.5.2 United Kingdom: Steam Turbine Market Breakdown, by Source
11.3.7.5.3 United Kingdom: Steam Turbine Market Breakdown, by End User
11.3.7.5.4 United Kingdom: Steam Turbine Market Breakdown, by Capacity
11.3.7.6 Spain: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.3.7.6.1 Spain: Steam Turbine Market Breakdown, by Type
11.3.7.6.2 Spain: Steam Turbine Market Breakdown, by Source
11.3.7.6.3 Spain: Steam Turbine Market Breakdown, by End User
11.3.7.6.4 Spain: Steam Turbine Market Breakdown, by Capacity
11.3.7.7 Rest of Europe: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.3.7.7.1 Rest of Europe: Steam Turbine Market Breakdown, by Type
11.3.7.7.2 Rest of Europe: Steam Turbine Market Breakdown, by Source
11.3.7.7.3 Rest of Europe: Steam Turbine Market Breakdown, by End User
11.3.7.7.4 Rest of Europe: Steam Turbine Market Breakdown, by Capacity
11.4 Asia Pacific
11.4.1 Asia Pacific Steam Turbine Market Overview
11.4.2 Asia Pacific: Steam Turbine Market – Revenue, 2021–2031 (US$ Million)
11.4.3 Asia Pacific: Steam Turbine Market Breakdown, by Type
11.4.3.1 Asia Pacific: Steam Turbine Market – Revenue and Forecast Analysis – by Type
11.4.4 Asia Pacific: Steam Turbine Market Breakdown, by Source
11.4.4.1 Asia Pacific: Steam Turbine Market – Revenue and Forecast Analysis – by Source
11.4.5 Asia Pacific: Steam Turbine Market Breakdown, by End User
11.4.5.1 Asia Pacific: Steam Turbine Market – Revenue and Forecast Analysis – by End User
11.4.6 Asia Pacific: Steam Turbine Market Breakdown, by Capacity
11.4.6.1 Asia Pacific: Steam Turbine Market – Revenue and Forecast Analysis – by Capacity
11.4.7 Asia Pacific: Steam Turbine Market – Revenue and Forecast Analysis – by Country
11.4.7.1 Asia Pacific: Steam Turbine Market – Revenue and Forecast Analysis – by Country
11.4.7.2 Australia: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.4.7.2.1 Australia: Steam Turbine Market Breakdown, by Type
11.4.7.2.2 Australia: Steam Turbine Market Breakdown, by Source
11.4.7.2.3 Australia: Steam Turbine Market Breakdown, by End User
11.4.7.2.4 Australia: Steam Turbine Market Breakdown, by Capacity
11.4.7.3 China: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.4.7.3.1 China: Steam Turbine Market Breakdown, by Type
11.4.7.3.2 China: Steam Turbine Market Breakdown, by Source
11.4.7.3.3 China: Steam Turbine Market Breakdown, by End User
11.4.7.3.4 China: Steam Turbine Market Breakdown, by Capacity
11.4.7.4 India: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.4.7.4.1 India: Steam Turbine Market Breakdown, by Type
11.4.7.4.2 India: Steam Turbine Market Breakdown, by Source
11.4.7.4.3 India: Steam Turbine Market Breakdown, by End User
11.4.7.4.4 India: Steam Turbine Market Breakdown, by Capacity
11.4.7.5 Japan: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.4.7.5.1 Japan: Steam Turbine Market Breakdown, by Type
11.4.7.5.2 Japan: Steam Turbine Market Breakdown, by Source
11.4.7.5.3 Japan: Steam Turbine Market Breakdown, by End User
11.4.7.5.4 Japan: Steam Turbine Market Breakdown, by Capacity
11.4.7.6 South Korea: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.4.7.6.1 South Korea: Steam Turbine Market Breakdown, by Type
11.4.7.6.2 South Korea: Steam Turbine Market Breakdown, by Source
11.4.7.6.3 South Korea: Steam Turbine Market Breakdown, by End User
11.4.7.6.4 South Korea: Steam Turbine Market Breakdown, by Capacity
11.4.7.7 Rest of Asia Pacific: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.4.7.7.1 Rest of Asia Pacific: Steam Turbine Market Breakdown, by Type
11.4.7.7.2 Rest of Asia Pacific: Steam Turbine Market Breakdown, by Source
11.4.7.7.3 Rest of Asia Pacific: Steam Turbine Market Breakdown, by End User
11.4.7.7.4 Rest of Asia Pacific: Steam Turbine Market Breakdown, by Capacity
11.5 Middle East and Africa
11.5.1 Middle East and Africa Steam Turbine Market Overview
11.5.2 Middle East and Africa: Steam Turbine Market – Revenue, 2021–2031 (US$ Million)
11.5.3 Middle East and Africa: Steam Turbine Market Breakdown, by Type
11.5.3.1 Middle East and Africa: Steam Turbine Market – Revenue and Forecast Analysis – by Type
11.5.4 Middle East and Africa: Steam Turbine Market Breakdown, by Source
11.5.4.1 Middle East and Africa: Steam Turbine Market – Revenue and Forecast Analysis – by Source
11.5.5 Middle East and Africa: Steam Turbine Market Breakdown, by End User
11.5.5.1 Middle East and Africa: Steam Turbine Market – Revenue and Forecast Analysis – by End User
11.5.6 Middle East and Africa: Steam Turbine Market Breakdown, by Capacity
11.5.6.1 Middle East and Africa: Steam Turbine Market – Revenue and Forecast Analysis – by Capacity
11.5.7 Middle East and Africa: Steam Turbine Market – Revenue and Forecast Analysis – by Country
11.5.7.1 Middle East and Africa: Steam Turbine Market – Revenue and Forecast Analysis – by Country
11.5.7.2 South Africa: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.5.7.2.1 South Africa: Steam Turbine Market Breakdown, by Type
11.5.7.2.2 South Africa: Steam Turbine Market Breakdown, by Source
11.5.7.2.3 South Africa: Steam Turbine Market Breakdown, by End User
11.5.7.2.4 South Africa: Steam Turbine Market Breakdown, by Capacity
11.5.7.3 Saudi Arabia: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.5.7.3.1 Saudi Arabia: Steam Turbine Market Breakdown, by Type
11.5.7.3.2 Saudi Arabia: Steam Turbine Market Breakdown, by Source
11.5.7.3.3 Saudi Arabia: Steam Turbine Market Breakdown, by End User
11.5.7.3.4 Saudi Arabia: Steam Turbine Market Breakdown, by Capacity
11.5.7.4 UAE: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.5.7.4.1 UAE: Steam Turbine Market Breakdown, by Type
11.5.7.4.2 UAE: Steam Turbine Market Breakdown, by Source
11.5.7.4.3 UAE: Steam Turbine Market Breakdown, by End User
11.5.7.4.4 UAE: Steam Turbine Market Breakdown, by Capacity
11.5.7.5 Rest of Middle East and Africa: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.5.7.5.1 Rest of Middle East and Africa: Steam Turbine Market Breakdown, by Type
11.5.7.5.2 Rest of Middle East and Africa: Steam Turbine Market Breakdown, by Source
11.5.7.5.3 Rest of Middle East and Africa: Steam Turbine Market Breakdown, by End User
11.5.7.5.4 Rest of Middle East and Africa: Steam Turbine Market Breakdown, by Capacity
11.6 South America
11.6.1 South America Steam Turbine Market Overview
11.6.2 South America: Steam Turbine Market – Revenue, 2021–2031 (US$ Million)
11.6.3 South America: Steam Turbine Market Breakdown, by Type
11.6.3.1 South America: Steam Turbine Market – Revenue and Forecast Analysis – by Type
11.6.4 South America: Steam Turbine Market Breakdown, by Source
11.6.4.1 South America: Steam Turbine Market – Revenue and Forecast Analysis – by Source
11.6.5 South America: Steam Turbine Market Breakdown, by End User
11.6.5.1 South America: Steam Turbine Market – Revenue and Forecast Analysis – by End User
11.6.6 South America: Steam Turbine Market Breakdown, by Capacity
11.6.6.1 South America: Steam Turbine Market – Revenue and Forecast Analysis – by Capacity
11.6.7 South America: Steam Turbine Market – Revenue and Forecast Analysis – by Country
11.6.7.1 South America: Steam Turbine Market – Revenue and Forecast Analysis – by Country
11.6.7.2 Brazil: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.6.7.2.1 Brazil: Steam Turbine Market Breakdown, by Type
11.6.7.2.2 Brazil: Steam Turbine Market Breakdown, by Source
11.6.7.2.3 Brazil: Steam Turbine Market Breakdown, by End User
11.6.7.2.4 Brazil: Steam Turbine Market Breakdown, by Capacity
11.6.7.3 Argentina: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.6.7.3.1 Argentina: Steam Turbine Market Breakdown, by Type
11.6.7.3.2 Argentina: Steam Turbine Market Breakdown, by Source
11.6.7.3.3 Argentina: Steam Turbine Market Breakdown, by End User
11.6.7.3.4 Argentina: Steam Turbine Market Breakdown, by Capacity
11.6.7.4 Rest of South America: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.6.7.4.1 Rest of South America: Steam Turbine Market Breakdown, by Type
11.6.7.4.2 Rest of South America: Steam Turbine Market Breakdown, by Source
11.6.7.4.3 Rest of South America: Steam Turbine Market Breakdown, by End User
11.6.7.4.4 Rest of South America: Steam Turbine Market Breakdown, by Capacity
12.1 Heat Map Analysis by Key Players
12.2 Company Market Share Analysis, 2024
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
14.1 Siemens Energy AG
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 GE Vernova Inc.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Chart Industries Inc
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Baker Hughes Co
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Trillium Flow Technologies
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Triveni Turbine Ltd.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Dongturbo Electric Company Ltd. (DTEC)
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Arabelle Solutions (EDF)
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Turtle Turbines (P) Ltd.
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 M+M Turbinen-Technik GmbH
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
14.11 Everllence
14.11.1 Key Facts
14.11.2 Business Description
14.11.3 Products and Services
14.11.4 Financial Overview
14.11.5 SWOT Analysis
14.11.6 Key Developments
14.12 Ansaldo Energia S.p.A.
14.12.1 Key Facts
14.12.2 Business Description
14.12.3 Products and Services
14.12.4 Financial Overview
14.12.5 SWOT Analysis
14.12.6 Key Developments
15.1 About The Insight Partners
Table 1. Steam Turbine Market Segmentation
Table 2. List of Vendors
Table 3. Steam Turbine Market – Revenue, 2021–2024 (US$ Million)
Table 4. Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million)
Table 5. Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 6. Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 7. Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 8. Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 9. Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 10. Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 11. Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 12. Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 13. North America: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 14. North America: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 15. North America: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 16. North America: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 17. North America: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 18. North America: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 19. North America: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 20. North America: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 21. North America: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Country
Table 22. North America: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country
Table 23. US: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 24. US: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 25. US: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 26. US: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 27. US: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 28. US: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 29. US: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 30. US: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 31. Canada: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 32. Canada: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 33. Canada: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 34. Canada: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 35. Canada: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 36. Canada: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 37. Canada: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 38. Canada: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 39. Mexico: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 40. Mexico: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 41. Mexico: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 42. Mexico: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 43. Mexico: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 44. Mexico: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 45. Mexico: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 46. Mexico: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 47. Europe: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 48. Europe: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 49. Europe: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 50. Europe: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 51. Europe: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 52. Europe: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 53. Europe: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 54. Europe: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 55. Europe: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Country
Table 56. Europe: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country
Table 57. Germany: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 58. Germany: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 59. Germany: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 60. Germany: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 61. Germany: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 62. Germany: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 63. Germany: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 64. Germany: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 65. France: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 66. France: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 67. France: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 68. France: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 69. France: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 70. France: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 71. France: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 72. France: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 73. Italy: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 74. Italy: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 75. Italy: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 76. Italy: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 77. Italy: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 78. Italy: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 79. Italy: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 80. Italy: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 81. United Kingdom: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 82. United Kingdom: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 83. United Kingdom: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 84. United Kingdom: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 85. United Kingdom: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 86. United Kingdom: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 87. United Kingdom: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 88. United Kingdom: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 89. Spain: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 90. Spain: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 91. Spain: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 92. Spain: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 93. Spain: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 94. Spain: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 95. Spain: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 96. Spain: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 97. Rest of Europe: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 98. Rest of Europe: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 99. Rest of Europe: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 100. Rest of Europe: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 101. Rest of Europe: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 102. Rest of Europe: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 103. Rest of Europe: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 104. Rest of Europe: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 105. Asia Pacific: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 106. Asia Pacific: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 107. Asia Pacific: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 108. Asia Pacific: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 109. Asia Pacific: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 110. Asia Pacific: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 111. Asia Pacific: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 112. Asia Pacific: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 113. Asia Pacific: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Country
Table 114. Asia Pacific: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country
Table 115. Australia: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 116. Australia: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 117. Australia: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 118. Australia: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 119. Australia: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 120. Australia: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 121. Australia: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 122. Australia: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 123. China: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 124. China: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 125. China: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 126. China: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 127. China: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 128. China: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 129. China: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 130. China: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 131. India: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 132. India: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 133. India: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 134. India: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 135. India: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 136. India: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 137. India: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 138. India: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 139. Japan: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 140. Japan: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 141. Japan: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 142. Japan: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 143. Japan: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 144. Japan: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 145. Japan: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 146. Japan: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 147. South Korea: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 148. South Korea: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 149. South Korea: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 150. South Korea: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 151. South Korea: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 152. South Korea: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 153. South Korea: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 154. South Korea: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 155. Rest of Asia Pacific: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 156. Rest of Asia Pacific: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 157. Rest of Asia Pacific: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 158. Rest of Asia Pacific: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 159. Rest of Asia Pacific: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 160. Rest of Asia Pacific: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 161. Rest of Asia Pacific: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 162. Rest of Asia Pacific: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 163. Middle East and Africa: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 164. Middle East and Africa: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 165. Middle East and Africa: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 166. Middle East and Africa: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 167. Middle East and Africa: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 168. Middle East and Africa: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 169. Middle East and Africa: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 170. Middle East and Africa: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 171. Middle East and Africa: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Country
Table 172. Middle East and Africa: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country
Table 173. South Africa: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 174. South Africa: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 175. South Africa: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 176. South Africa: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 177. South Africa: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 178. South Africa: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 179. South Africa: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 180. South Africa: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 181. Saudi Arabia: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 182. Saudi Arabia: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 183. Saudi Arabia: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 184. Saudi Arabia: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 185. Saudi Arabia: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 186. Saudi Arabia: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 187. Saudi Arabia: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 188. Saudi Arabia: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 189. UAE: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 190. UAE: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 191. UAE: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 192. UAE: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 193. UAE: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 194. UAE: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 195. UAE: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 196. UAE: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 197. Rest of Middle East and Africa: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 198. Rest of Middle East and Africa: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 199. Rest of Middle East and Africa: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 200. Rest of Middle East and Africa: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 201. Rest of Middle East and Africa: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 202. Rest of Middle East and Africa: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 203. Rest of Middle East and Africa: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 204. Rest of Middle East and Africa: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 205. South America: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 206. South America: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 207. South America: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 208. South America: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 209. South America: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 210. South America: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 211. South America: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 212. South America: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 213. South America: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Country
Table 214. South America: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country
Table 215. Brazil: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 216. Brazil: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 217. Brazil: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 218. Brazil: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 219. Brazil: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 220. Brazil: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 221. Brazil: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 222. Brazil: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 223. Argentina: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 224. Argentina: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 225. Argentina: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 226. Argentina: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 227. Argentina: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 228. Argentina: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 229. Argentina: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 230. Argentina: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 231. Rest of South America: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 232. Rest of South America: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 233. Rest of South America: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Source
Table 234. Rest of South America: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Source
Table 235. Rest of South America: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 236. Rest of South America: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 237. Rest of South America: Steam Turbine Market – Revenue, 2021–2024 (US$ Million) – by Capacity
Table 238. Rest of South America: Steam Turbine Market – Revenue Forecast, 2025–2031 (US$ Million) – by Capacity
Table 239. Heat Map Analysis by Key Players
Figure 1. Steam Turbine Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Steam Turbine Market Revenue (US$ Million), 2021–2031
Figure 5. Steam Turbine Market Share (%) – by Type (2024 and 2031)
Figure 6. Impulse Turbine: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
Figure 7. Reaction Turbine: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Steam Turbine Market Share (%) – by Source (2024 and 2031)
Figure 9. Fossil Fuel: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Thermal Renewable: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Others: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Steam Turbine Market Share (%) – by End User (2024 and 2031)
Figure 13. Power Generation: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Oil and Gas: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Others: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Steam Turbine Market Share (%) – by Capacity (2024 and 2031)
Figure 17. Less than 10 MW: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. 10 MW to 100 MW: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. 100 MW to 300 MW: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Above 300 MW: Steam Turbine Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Steam Turbine Market Breakdown by Region, 2024 and 2031 (%)
Figure 22. North America: Steam Turbine Market – Revenue, 2021–2031 (US$ Million)
Figure 23. North America: Steam Turbine Market Breakdown, by Type (2024 and 2031)
Figure 24. North America: Steam Turbine Market Breakdown, by Source (2024 and 2031)
Figure 25. North America: Steam Turbine Market Breakdown, by End User (2024 and 2031)
Figure 26. North America: Steam Turbine Market Breakdown, by Capacity (2024 and 2031)
Figure 27. North America: Steam Turbine Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 28. US: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 29. Canada: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 30. Mexico: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 31. Europe: Steam Turbine Market – Revenue, 2021–2031 (US$ Million)
Figure 32. Europe: Steam Turbine Market Breakdown, by Type (2024 and 2031)
Figure 33. Europe: Steam Turbine Market Breakdown, by Source (2024 and 2031)
Figure 34. Europe: Steam Turbine Market Breakdown, by End User (2024 and 2031)
Figure 35. Europe: Steam Turbine Market Breakdown, by Capacity (2024 and 2031)
Figure 36. Europe: Steam Turbine Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 37. Germany: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 38. France: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 39. Italy: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 40. United Kingdom: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 41. Spain: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 42. Rest of Europe: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 43. Asia Pacific: Steam Turbine Market – Revenue, 2021–2031 (US$ Million)
Figure 44. Asia Pacific: Steam Turbine Market Breakdown, by Type (2024 and 2031)
Figure 45. Asia Pacific: Steam Turbine Market Breakdown, by Source (2024 and 2031)
Figure 46. Asia Pacific: Steam Turbine Market Breakdown, by End User (2024 and 2031)
Figure 47. Asia Pacific: Steam Turbine Market Breakdown, by Capacity (2024 and 2031)
Figure 48. Asia Pacific: Steam Turbine Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 49. Australia: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 50. China: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 51. India: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 52. Japan: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 53. South Korea: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 54. Rest of Asia Pacific: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 55. Middle East and Africa: Steam Turbine Market – Revenue, 2021–2031 (US$ Million)
Figure 56. Middle East and Africa: Steam Turbine Market Breakdown, by Type (2024 and 2031)
Figure 57. Middle East and Africa: Steam Turbine Market Breakdown, by Source (2024 and 2031)
Figure 58. Middle East and Africa: Steam Turbine Market Breakdown, by End User (2024 and 2031)
Figure 59. Middle East and Africa: Steam Turbine Market Breakdown, by Capacity (2024 and 2031)
Figure 60. Middle East and Africa: Steam Turbine Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 61. South Africa: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 62. Saudi Arabia: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 63. UAE: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 64. Rest of Middle East and Africa: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 65. South America: Steam Turbine Market – Revenue, 2021–2031 (US$ Million)
Figure 66. South America: Steam Turbine Market Breakdown, by Type (2024 and 2031)
Figure 67. South America: Steam Turbine Market Breakdown, by Source (2024 and 2031)
Figure 68. South America: Steam Turbine Market Breakdown, by End User (2024 and 2031)
Figure 69. South America: Steam Turbine Market Breakdown, by Capacity (2024 and 2031)
Figure 70. South America: Steam Turbine Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 71. Brazil: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 72. Argentina: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 73. Rest of South America: Steam Turbine Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 74. Company Market Share Analysis, 2024
The List of Companies - Steam Turbine Market
As of 2024, the global steam turbine market is valued at approximately USD 17.79 billion. It is projected to reach USD 21.64 billion by 2031, growing at a compound annual growth rate (CAGR) of 2.75% during the forecast period from 2025 to 2031.
The market is primarily driven by:1. Decarbonization Policies and Efficiency Upgrades2. Industrial and CHP Expansion3. Ongoing Market Shift towards Digitalization and Flexible Operation
The impulse segment is gaining significant traction in the steam turbine market due to the rise in demand for steam turbines from various applications.What are the various sources in the steam turbine market?Key sources utilized by the steam turbine include:1. Fossil Fuel: Fossil fuel steam turbines (coal, natural gas, oil) are still holding on to a large part of the market, due to the existing power infrastructure and the stable, large-scale power supply, although these segments are gradually phasing out because of stricter emission standards.2. Thermal Renewable: Thermal renewables such as biomass, geothermal, and waste-to-energy are winning the race, as the UK is implementing the transition policies toward clean energy, and the government is providing incentives for decarbonization in new and repowered plants.3. Others: The other sources are nuclear steam turbines, which are a very important part of the UK energy mix, especially for baseload supply, and hybrid systems, which combine hydrogen and clean fuels for sustainable power generation in the future.
As of 2025:North America: The region’s thermal and nuclear fleet is mature but aging, and plant life-extension programs along with stringent grid reliability standards are creating a sustained demand for steam turbines for replacement, uprating, and combined-cycle gas projects. Europe: Market expansion is primarily due to the implementation of decarbonization policies, high CHP and district heating uptake, biomass and waste-to-energy projects, as well as repowering or converting existing coal assets to more efficient and flexible steam-based plants. Asia Pacific: The region is the top global steam turbine market, and this is largely due to the rapid industrialization, urbanization, and high electricity consumption in China, India, and Southeast Asia, which in turn require large-scale thermal and cogeneration capacity additions.
1. Integration with Low-Carbon and Hybrid Energy Systems2. Digitalization, Predictive Maintenance, and Service Innovation3. Combined Cycle Power Plant Growth
Key capacity segments driving the demand for the global steam turbine market include 10 MW to 100 MW and 100 MW to 300 MW, owing to the rise in utility infrastructure upgradation and industrial growth.
Major players include GE Vernova Inc., Baker Hughes Co., Chart Industries Inc., Siemens Energy AG, Turtle Turbines (P) Ltd., Trillium Flow Technologies, Triveni Turbine Ltd., Dongturbo Electric Company Ltd. (DTEC), Arabelle Solutions, M+M Turbinen-Technik, Ansaldo Energia S.p.A., and Everllence.