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Asia Pacific Steam Turbine Market Share

Report ID: GMI5819
Published Date: May 2023
Report Format: PDF

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Asia Pacific Steam Turbine Market Share

The Asia Pacific steam turbine market includes some of the most prominent companies operating in this field including

Triveni Turbine
Turbotech precision engineering
CTMI - Steam Turbines
MITSUI E&S
Shin Nippon Machinery
Howden Group
Fuji Electric
Doosan Škoda Power
Hangzhou Steam Turbine Power Group
DONGFANG TURBINE
Elliott Group
MAN Energy Solutions
Kawasaki Heavy Industries
Bharat Heavy Electricals Limited (BHEL)
Mitsubishi Heavy Industries
General Electric
Toshiba corporation
Siemens Energy

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size for steam turbines in Asia Pacific was worth USD 14.3 billion in 2022 and is anticipated to surpass USD 25.1 billion by 2032, attributed to the increasing investments in large-scale thermal power projects.

The steam turbine with a capacity of over 100 MW generated significant revenue in 2022 and is expected to witness high demand for deployment across large power plants, including combined cycle & thermal plants.

The China market is projected to amass more than USD 15 billion by the end of 2032 driven by the rapid adoption of geothermal energy.

Triveni Turbine, Turbotech Precision Engineering, CTMI - Steam Turbines, MITSUI E&S, Shin Nippon Machinery, Howden Group, Fuji Electric, Doosan Škoda Power, Hangzhou Steam Turbine Power Group, DONGFANG TURBINE, Elliott Group, MAN Energy Solutions, Kawasaki Heavy Industries, Bharat Heavy Electricals Limited (BHEL), Mitsubishi Heavy Industries, General Electric, Toshiba Corporation, and Siemens Energy are some major manufacturers.