Global Steam Turbine Market 2019 Size, Trends, Industry Analysis, Leading Players & Future Forecast by 2025

Steam Turbine Market:

Executive Summary

Global overview of Steam Turbines

Global Steam Turbine Market is forecast to grow at a CAGR of 8.9% from 2018-2025. The primary drivers for the growth of this market are increasing the age of operating steam turbines and installation of new steam turbines, especially in the APAC region

A steam turbine is a rotary heat engine which converts thermal energy into electrical and mechanical strength. A steam turbine consists of a boiler (steam generator), condenser, feed pump and variety of auxiliary devices. About 90% of electricity generated in the world by a steam turbine.

The three main types of steam turbine include steam cycle, combined cycle, and cogeneration. Among the three dominant kinds of steam turbines, steam cycle type turbines (which include conventional thermal and nuclear power plants) are the most widely used and hold around 60% share of the total steam turbines global market.

WHAT ARE THE APPLICATION SEGMENTS OF STEAM TURBINE MARKET?

Global Steam turbine market revenue by end use:

By the end user, Government sector accounts the highest share, as growing industrialization will create more opportunity for small and medium capacity steam turbines through Combined Heat and Power units. Industrial steam turbine market stands the second among global market share. As the steam turbines in industrial stream run on Fossil Fuel, Solar, and Nuclear.

Market Drivers:

Factors driving the steam turbines market include the increase in electricity consumption and demand for uninterrupted power from emerging economies, continuous power from Asia-pacific countries such as China and India.

Market Restraints:

The change in the regulatory policy of European Union had put restrictions on the installation of fossil-fuel fired power plants. This can further hamper the growth of steam turbine for power generation market.

The quantity of old or aged power plants is significant all over the world and maintaining boiler efficiency, and steam quality could be a challenge for them.

By Geography

Geographically, the global market has been segmented into North America, Europe, Asia Pacific, Middle East, and Africa.

Amongst the regions, the Asia Pacific, China set to register 5% of growth year over year. Due to the increase in electricity demand in developing countries and countries like India and China are more focusing towards Coalfields, Oil & Gas sectors have triggered the market growth.

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Market Players

Key players such as General Electric, Siemens, Ansaldo Energia, etc. have integrated their operations into production, distribution and after-sales service.

GE has developed re-heating technology to boost the efficiency.

MAN Diesel & Turbo acquired MaxWatt Turbines Pvt. Ltd, An established player in the Indian and Asian power generation business in the lower power segment.

Market Segmentation:

On the basis of type:

The Steam Turbines are segmented primarily into three:

Combined Cycles

Steam Cycles

Cogeneration

On Basis of Capacity:

Globally Steam turbine for power generation market can be segmented as

15 KW to 100000 KW

5 MW to 120 MW

120 MW to 750 MW

Above 750 MW

On Basis of application: The Steam Turbine market is segmented as

Power and Utility

Thermal Coal

Oil and Gas

Nuclear

Others (Biomass)

Table of Contents

CHAPTER 1. GLOBAL STEAM TURBINES MARKET – METHODOLOGY AND SCOPE 
    1.1 Research methodology

    1.2 Scope of the Report

CHAPTER 2 GLOBAL STEAM TURBINES MARKET– TRENDS 
    2.1 Key Trends & Developments

Chapter 3 Global Steam Turbine Market – Industry Analysis

    3.1 Industry Impact Factors (Drivers & Restraints)

    3.2 Competitive Intensity- Porter 5 Forces

Chapter 4 Global Steam Turbine Market- Product Analysis

    4.1 By Type

4.1.1 Combined Cycle

4.1.2 Steam Cycle

4.1.3 Cogeneration

    4.2 By Turbine Power range

4.2.1 15KW to 100000KW

4.2.2 0.5MW to 1,900MW

    4.3 By Application

4.3.1 Power and Utility

4.3.2 Thermal Coal

4.3.3 Oil and Gas

4.3.4 Nuclear

4.3.5 Others (Biomass)

    4.4 By Geography

      4.4.1 Asia-Pacific

          4.4.1.1 China

          4.4.1.2 India

          4.4.1.3 Japan

          4.4.1.4 Australia

          4.4.1.5 Others

      4.4.2 Europe

          4.4.2.1 Germany

          4.4.2.2 The United Kingdom

          4.4.2.3 France

          4.4.2.4 Others

      4.4.3 North America

          4.4.3.1 The USA

          4.4.3.2 Canada

          4.4.3.3 Mexico

          4.4.3.4 Others

      4.4.4 South America

          4.4.4.1 Brazil

          4.4.4.2 Argentina

          4.4.4.4 Others

      4.4.5 RoW

Chapter-5 Global Steam Turbine Market- Competitive Landscape

    5.1 Market Share Analysis

    5.2 Key Strategies adopted by Manufacturers

    5.3 Product Benchmarking

Chapter-6 Global Steam Turbine Market- Company Profiles

    6.1 Spilling Technologies

    6.2 G-Team Inc. Company

    6.3 M+M Turbine-Technik GMBH

    6.4 Siemens India

    6.5 Ansaldo Energia Group

    6.6 Elliott Group

    6.7 Mitsubishi Hitachi Power Systems Amerucas, Inc.

    6.8 MAN Diesel & Turbo SE

    6.9 General Electric

    6.10 Dong Fang Turbine Co. Ltd

Chapter 7 Global Steam Turbine Market- Appendix

    7.1 Sources

    7.2 List of Tables

    7.3 Expert Panel Validation

    7.4 Disclaimer

    7.5 Contact Us      

Continuous…

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