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Steam Turbine Market Share

Report ID: GMI1269
Published Date: Oct 2024
Report Format: PDF

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Steam Turbine Market Share

Steam Turbine Company Market Share Analysis, 2023

Siemens Energy is one of the key leaders in the energy sector, specializing in power generation, transmission, and industrial applications. Its offerings cater to a wide range of industries, from utility-scale power plants to industrial facilities. The company focus on innovation, digitalization, and sustainability ensures that their turbines offer optimal performance with reduced emissions and improved operational efficiency. It has developed highly efficient, flexible and reliable turbine technologies.

Steam Turbine Market Companies

Major players operating in the steam turbine industry are:

Ansaldo Energia
Bharat Heavy Electricals Limited
Chart Industries
Chola Turbo
Dongfang Turbine
Doosan Skoda Power
Ebara Elliott Energy
Fuji Electric
Hangzhou Turbine Power Group
Kawasaki Heavy Industries
MAN Energy Solutions
Mitsubishi Power
NCON Turbo Tech
Shin Nippon Machinery
Siemens Energy
Sumitomo Heavy Industries
Toshiba Energy Systems & Solutions
Trillium Flow Technologies
Triveni Turbine
Turbotech Precision Engineering

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of steam turbine reached USD 22.9 billion in 2023 and is set to grow at a CAGR of over 3% from 2024 to 2032, driven by rising demand for reliable and efficient electricity along with the growth in new power plant construction.

The steam cycle segment is expected to register a CAGR of over 2.5% through 2032, led by growing emphasis on reducing landfill waste and enhancing waste management.

The reaction designed steam turbine market is likely to exceed USD 25 billion by 2032, on account of ongoing innovations including optimized blade designs and advanced steam flow management systems combined.

U.S. market for steam turbine market will cross over USD 400 million by 2032, due to the increasing applicability of these systems across geothermal and biomass powered power plants.

Major players in the industry Ansaldo Energia, Bharat Heavy Electricals Limited, Chart Industries, Chola Turbo, Dongfang Turbine, Doosan Skoda Power, Ebara Elliott Energy, Fuji Electric, Hangzhou Turbine Power Group, Kawasaki Heavy Industries, MAN Energy Solutions, Mitsubishi Power, NCON Turbo Tech, Shin Nippon Machinery, Siemens Energy, Sumitomo Heavy Industries, Toshiba Energy Systems & Solutions, Trillium Flow Technologies, Triveni Turbine, Turbotech Precision Engineering.