Steam Turbine Market Analysis By Capacity (<120 MW, 121-350 MW, 351-750 MW, >750MW), By Application (Power & Utility, Industrial), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa) And Segment Forecasts, 2014 - 2025

Published: Nov, 2016 | Pages: 100 | Publisher: Grand View Research
Industry: Power | Report Format: Electronic (PDF)

The global steam turbine market is expected to reach USD 15.48 billion by 2025, according to a new report by Grand View Research, Inc. Steam turbines have been a key part of the global power generation systems from past. However, factors such as limited primary energy sources, increasing awareness regarding environmental pollution, etc. has resulted in rising need towards developing efficient steam turbines.

Steam turbines are now popularly used for combined heat & power (CHP) systems, mainly employed in industrial applications. CHP units offer greater efficiency & flexible output and also operate on cleaner fuels such as natural gas. Legislative support towards CHP installation is expected to foster small and medium capacity steam turbines demand over the forecast period.

The performance of the steam turbine greatly influences the overall efficiency, and for the same, market participants focus on improving the turbine efficiency. Companies such as GE have implemented a number of programs focusing on material development. Re-heat technology is another aspect which GE has revealed to have achieved a break through. The company is also working on double re-heat technology which is expected to significantly boost the system efficiency.

Further key findings from the report suggest:

The global steam turbine market capacity was 103.16 GW in 2015 and is expected to reach 121.27 GW, growing at a CAGR of 1.6% from 2016 to 2025

Steam turbines with <120 MW capacity is expected to be the fastest growing segment on account of increasing demand for small capacity CHP units

Power & Utilities is expected to emerge as the largest application segment and accounted for over 70% of total capacity in 2015

Industrial application segment is expected to witness the highest growth of 3.3% in terms of revenue over the forecast period

Asia Pacific was the leading regional market with capacity share exceeding 50% in 2015

Asia Pacific is also expected to witness the fastest growth of 3.2% over the forecast period owing to rapid industrialization and increasing focus on thermal power plants to fulfill increasing electricity demand.

Siemens is expected to emerge as the largest player in the industry and is anticipated to hold over 20% of the market share

Other companies operating in the market space include General Electric Co., Mitsubishi Heavy Industries Ltd., Toshiba, Ansaldo, Hitachi, Dresser-Rand

 Table of Content
s

Chapter 1. Methodology and Scope
                     1.1. Research Methodology
                     1.2. Research Scope & Assumptions
                     1.3. List of Data Sources
Chapter 2. Executive Summary
                     2.1. Market Snapshot
Chapter 3. Steam Turbine Market Variable, Trends & Scope
                     3.1. Steam turbine market segmentation
                     3.2. Market size and growth prospects, 2014 - 2025
                     3.3. Steam turbine market - Value chain analysis
                     3.4. Steam turbine market dynamics
                        3.4.1. Market driver analysis
                        3.4.2. Market restraint analysis
                     3.5. Key opportunities prioritized
                     3.6. Industry analysis - Porter's
                     3.7. Steam turbine market PESTEL analysis, 2015
Chapter 4. Steam Turbine Market: Capacity Estimates & Trend Analysis
                     4.1. Global steam turbine market share by capacity, 2015 & 2025
                     4.2. < 120 MW
                        4.2.1. Market estimates and forecast, 2014 - 2025
                        4.2.2. Market estimates and forecast by region, 2014 - 2025 
                     4.3. 121 MW -350 MW
                        4.3.1. Market estimates and forecast, 2014 - 2025
                        4.3.2. Market estimates and forecast by region, 2014 - 2025 
                     4.4. 351 MW -750 MW
                        4.4.1. Market estimates and forecast, 2014 - 2025
                        4.4.2. Market estimates and forecast by region, 2014 - 2025 
                     4.5. > 750 MW
                        4.5.1. Market estimates and forecast, 2014 - 2025
                        4.5.2. Market estimates and forecast by region, 2014 - 2025 
Chapter 5. Steam Turbine Market: Application Estimates & Trend Analysis
                     5.1. Global steam turbinemarket share by application, 2015 & 2025
                     5.2. Power & Utility
                        5.2.1. Market estimates and forecast, 2014 - 2025
                        5.2.2. Market estimates and forecast by region, 2014 - 2025 
                     5.3. Industrial
                        5.3.1. Market estimates and forecast, 2014 - 2025
                        5.3.2. Market estimates and forecast by region, 2014 - 2025 
                     5.4. Others
                        5.4.1. Market estimates and forecast, 2014 - 2025
                        5.4.2. Market estimates and forecast by region, 2014 - 2025 
Chapter 6. Steam Turbine Market: Regional Estimates & Trend Analysis
                     6.1. Global steam turbinemarket share by region, 2015 & 2025
                     6.2. North America
                        6.2.1. Market estimates and forecast, 2014 - 2025
                        6.2.2. Market estimates and forecast by capacity, 2014 - 2025 
                        6.2.3. Market estimates and forecast by application, 2014 - 2025 
                        6.2.4. U.S.
                              6.2.4.1. Market estimates and forecast, 2014 - 2025
                              6.2.4.2. Market estimates and forecast by capacity, 2014 - 2025 
                              6.2.4.3. Market estimates and forecast by application, 2014 - 2025
                     6.3. Europe
                        6.3.1. Market estimates and forecast, 2014 - 2025
                        6.3.2. Market estimates and forecast by capacity, 2014 - 2025
                        6.3.3. Market estimates and forecast by application, 2014 - 2025 
                        6.3.4. Germany
                              6.3.4.1. Market estimates and forecast, 2014 - 2025
                              6.3.4.2. Market estimates and forecast by capacity, 2014 - 2025 
                              6.3.4.3. Market estimates and forecast by application, 2014 - 2025
                        6.3.5. UK
                              6.3.5.1. Market estimates and forecast, 2014 - 2025
                              6.3.5.2. Market estimates and forecast by capacity, 2014 - 2025 
                              6.3.5.3. Market estimates and forecast by application, 2014 - 2025
                        6.3.6. France
                              6.3.6.1. Market estimates and forecast, 2014 - 2025
                              6.3.6.2. Market estimates and forecast by capacity, 2014 - 2025 
                              6.3.6.3. Market estimates and forecast by application, 2014 - 2025
                     6.4. Asia Pacific
                        6.4.1. Market estimates and forecast, 2014 - 2025
                        6.4.2. Market estimates and forecast by capacity, 2014 - 2025
                        6.4.3. Market estimates and forecast by application, 2014 - 2025 
                        6.4.4. China
                              6.4.4.1. Market estimates and forecast, 2014 - 2025
                              6.4.4.2. Market estimates and forecast by capacity, 2014 - 2025 
                              6.4.4.3. Market estimates and forecast by application, 2014 - 2025
                        6.4.5. India
                              6.4.5.1. Market estimates and forecast, 2014 - 2025
                              6.4.5.2. Market estimates and forecast by capacity, 2014 - 2025 
                              6.4.5.3. Market estimates and forecast by application, 2014 - 2025
                        6.4.6. Japan
                              6.4.6.1. Market estimates and forecast, 2014 - 2025
                              6.4.6.2. Market estimates and forecast by capacity, 2014 - 2025 
                              6.4.6.3. Market estimates and forecast by application, 2014 - 2025
                     6.5. Middle East & Africa
                        6.5.1. Market estimates and forecast, 2014 - 2025
                        6.5.2. Market estimates and forecast by capacity, 2014 - 2025
                        6.5.3. Market estimates and forecast by application, 2014 - 2025 
                     6.6. Central & South America
                        6.6.1. Market estimates and forecast, 2014 - 2025
                        6.6.2. Market estimates and forecast by capacity, 2014 - 2025
                        6.6.3. Market estimates and forecast by application, 2014 - 2025 
Chapter 7. Competitive Landscape
                     7.1. Competitive heat map analysis 
                     7.2. Vendor landscape
                     7.3. Competitive environment
Chapter 8. Competitive Landscape 
                     8.1. General Electric
                        8.1.1. Company Overview
                        8.1.2. Financial Performance
                        8.1.3. Product Benchmarking
                        8.1.4. Strategic Initiatives
                     8.2. Siemens AG
                        8.2.1. Company Overview
                        8.2.2. Financial Performance
                        8.2.3. Product Benchmarking
                        8.2.4. Strategic Initiatives
                     8.3. Ansaldo Energia s.p.a
                        8.3.1. Company Overview
                        8.3.2. Financial Performance
                        8.3.3. Product Benchmarking
                        8.3.4. Strategic Initiatives
                     8.4. Mitsubishi Heavy Industries
                        8.4.1. Company Overview
                        8.4.2. Financial Performance
                        8.4.3. Product Benchmarking
                        8.4.4. Strategic Initiatives
                     8.5. Toshiba America Energy Systems Corp.
                        8.5.1. Company Overview
                        8.5.2. Financial Performance
                        8.5.3. Product Benchmarking
                        8.5.4. Strategic Initiatives
                     8.6. Dresser-Rand
                        8.6.1. Company Overview
                        8.6.2. Financial Performance
                        8.6.3. Product Benchmarking
                        8.6.4. Strategic Initiatives
                     8.7. MAN Diesel & Turbo SE
                        8.7.1. Company Overview
                        8.7.2. Financial Performance
                        8.7.3. Product Benchmarking
                        8.7.4. Strategic Initiatives
                     8.8. Elliott Group
                        8.8.1. Company Overview
                        8.8.2. Financial Performance
                        8.8.3. Product Benchmarking
                        8.8.4. Strategic Initiatives
                     8.9. Doosan Škoda Power
                        8.9.1. Company Overview
                        8.9.2. Financial Performance
                        8.9.3. Product Benchmarking
                        8.9.4. Strategic Initiatives
                     8.10. Mitsubishi Hitachi Power Systems Americas, Inc.
                        8.10.1. Company Overview
                        8.10.2. Financial Performance
                        8.10.3. Product Benchmarking
                        8.10.4. Strategic Initiatives

List of Tables


Table 1. Steam Turbine -Key market driver analysis
Table 2. Steam Turbine -Key market restraint analysis
Table 3. Global steam turbine demand by capacity, 2014 - 2025 (Mega Watts)
Table 4. Global steam turbine demand by capacity, 2014 - 2025 (USD Million)
Table 5. <120 KWsteam turbine demand, 2014 - 2025 (Mega Watts) (USD Million)
Table 6. <120 KWsteam turbine demand, by region, 2014 - 2025 (Mega Watts)
Table 7. <120 KWsteam turbine demand, by region, 2014 - 2025 (USD Million)
Table 8. 121 KW- 350 KW steam turbine demand, 2014 - 2025 (Mega Watts) (USD Million)
Table 9. 121 KW- 350 KW steam turbine demand, by region, 2014 - 2025 (Mega Watts)
Table 10. 121 KW- 350 KW steam turbine demand, by region, 2014 - 2025 (USD Million)
Table 11. 351 KW- 750 KW steam turbine demand, 2014 - 2025 (Mega Watts) (USD Million)
Table 12. 351 KW- 750 KW steam turbine demand, by region, 2014 - 2025 (Mega Watts)
Table 13. 351 KW- 750 KW steam turbine demand, by region, 2014 - 2025 (USD Million)
Table 14. >750 KWsteam turbine demand, 2014 - 2025 (Mega Watts) (USD Million)
Table 15. >750 KWsteam turbine demand, by region, 2014 - 2025 (Mega Watts)
Table 16. >750 KWsteam turbine demand, by region, 2014 - 2025 (USD Million)
Table 17. Global steam turbine demand by application,2014 - 2025 (Mega Watts)
Table 18. Global steam turbine demand by application, 2014 - 2025 (USD Million)
Table 19. Steam turbine demand in power & utility, 2014 - 2025 (Mega Watts) (USD Million)
Table 20. Steam turbine demand in power & utility, by region, 2014 - 2025 (Mega Watts)
Table 21. Steam turbine demand in power & utility, by region, 2014 - 2025 (USD Million)
Table 22. Steam turbine demand in industrial applications, 2014 - 2025 (Mega Watts) (USD Million)
Table 23. Steam turbine demand in industrial applications, by region, 2014 - 2025 (Mega Watts)
Table 24. Steam turbine demand in industrial applications, by region, 2014 - 2025 (USD Million)
Table 25. Steam turbine demand in otherapplications, 2014 - 2025 (Mega Watts) (USD Million)
Table 26. Steam turbine demand in otherapplications, by region, 2014 - 2025 (Mega Watts)
Table 27. Steam turbine demand in otherapplications, by region, 2014 - 2025 (USD Million)
Table 28. Global steam turbine demand by region, 2014 - 2025 (Mega Watts)
Table 29. Global steam turbine demand by region, 2014 - 2025 (USD Million)
Table 30. North America steam turbine market, 2014 - 2025 (Mega Watts) (USD Million)
Table 31. North America steam turbine market, by capacity, 2014 - 2025 (Mega Watts)
Table 32. North America steam turbine market, by capacity, 2014 - 2025 (USD Million)
Table 33. North America steam turbine market, by application, 2014 - 2025 (Mega Watts)
Table 34. North America steam turbine market, by application, 2014 - 2025 (USD Million)
Table 35. U.S. steam turbine market, 2014 - 2025 (Mega Watts) (USD Million)
Table 36. U.S. steam turbine market, by capacity, 2014 - 2025 (Mega Watts)
Table 37. U.S. steam turbine market, by capacity, 2014 - 2025 (USD Million)
Table 38. U.S. steam turbine market, by application, 2014 - 2025 (Mega Watts)
Table 39. U.S. steam turbine market, by application, 2014 - 2025 (USD Million) 
Table 40. Europe steam turbine market, 2014 - 2025 (Mega Watts) (USD Million)
Table 41. Europe steam turbine market, by capacity, 2014 - 2025 (Mega Watts)
Table 42. Europe steam turbine market, by capacity, 2014 - 2025 (USD Million)
Table 43. Europe steam turbine market, by application, 2014 - 2025 (Mega Watts)
Table 44. Europe steam turbine market, by application, 2014 - 2025 (USD Million)
Table 45. Germany steam turbine market, 2014 - 2025 (Mega Watts) (USD Million)
Table 46. Germany steam turbine market, by capacity, 2014 - 2025 (Mega Watts)
Table 47. Germany steam turbine market, by capacity, 2014 - 2025 (USD Million)
Table 48. Germany steam turbine market, by application, 2014 - 2025 (Mega Watts)
Table 49. Germany steam turbine market, by application, 2014 - 2025 (USD Million)
Table 50. UK steam turbine market, 2014 - 2025 (Mega Watts) (USD Million)
Table 51. UK steam turbine market, by capacity, 2014 - 2025 (Mega Watts)
Table 52. UK steam turbine market, by capacity, 2014 - 2025 (USD Million)
Table 53. UK steam turbine market, by application, 2014 - 2025 (Mega Watts)
Table 54. UK steam turbine market, by application, 2014 - 2025 (USD Million)
Table 55. France steam turbine market, 2014 - 2025 (Mega Watts) (USD Million)
Table 56. France steam turbine market, by capacity, 2014 - 2025 (Mega Watts)
Table 57. France steam turbine market, by capacity, 2014 - 2025 (USD Million)
Table 58. France steam turbine market, by application, 2014 - 2025 (Mega Watts)
Table 59. France steam turbine market, by application, 2014 - 2025 (USD Million)
Table 60. Asia Pacific steam turbine market, 2014 - 2025 (Mega Watts) (USD Million)
Table 61. Asia Pacific steam turbine market, by capacity, 2014 - 2025 (Mega Watts)
Table 62. Asia Pacific steam turbine market, by capacity, 2014 - 2025 (USD Million)
Table 63. Asia Pacific steam turbine market, by application, 2014 - 2025 (Mega Watts)
Table 64. Asia Pacific steam turbine market, by application, 2014 - 2025 (USD Million)
Table 65. China steam turbine market, 2014 - 2025 (Mega Watts) (USD Million)
Table 66. China steam turbine market, by capacity, 2014 - 2025 (Mega Watts)
Table 67. China steam turbine market, by capacity, 2014 - 2025 (USD Million)
Table 68. China steam turbine market, by application, 2014 - 2025 (Mega Watts)
Table 69. China steam turbine market, by application, 2014 - 2025 (USD Million)
Table 70. India steam turbine market, 2014 - 2025 (Mega Watts) (USD Million)
Table 71. India steam turbine market, by capacity, 2014 - 2025 (Mega Watts)
Table 72. India steam turbine market, by capacity, 2014 - 2025 (USD Million)
Table 73. India steam turbine market, by application, 2014 - 2025 (Mega Watts)
Table 74. India steam turbine market, by application, 2014 - 2025 (USD Million)
Table 75. Japan steam turbine market, 2014 - 2025 (Mega Watts) (USD Million)
Table 76. Japan steam turbine market, by capacity, 2014 - 2025 (Mega Watts)
Table 77. Japan steam turbine market, by capacity, 2014 - 2025 (USD Million)
Table 78. Japan steam turbine market, by application, 2014 - 2025 (Mega Watts)
Table 79. Japan steam turbine market, by application, 2014 - 2025 (USD Million)
Table 80. Middle East & Africa steam turbine market, 2014 - 2025 (Mega Watts) (USD Million)
Table 81. Mddle East & Africa steam turbine market, by capacity, 2014 - 2025 (Mega Watts)
Table 82. Middle East & Africa steam turbine market, by capacity, 2014 - 2025 (USD Million)
Table 83. Middle East & Africa steam turbine market, by application, 2014 - 2025 (Mega Watts)
Table 84. Middle East & Africa steam turbine market, by application, 2014 - 2025 (USD Million)
Table 85. Central & South America steam turbine market, 2014 - 2025 (Mega Watts) (USD Million)
Table 86. Central & South America steam turbine market, by capacity, 2014 - 2025 (Mega Watts)
Table 87. Central & South America steam turbine market, by capacity, 2014 - 2025 (USD Million)
Table 88. Central & South America steam turbine market, by application, 2014 - 2025 (Mega Watts)
Table 89. Central & South America steam turbine market, by application, 2014 - 2025 (USD Million)