Steam Turbine for Thermal Power, 2013-2023 - Global Market Size, Average Price, Equipment Market Share, and Key Country Analysis -

DUBLIN--()--The "Steam Turbine for Thermal Power, Update 2019 - Global Market Size, Average Price, Equipment Market Share and Key Country Analysis to 2023" report has been added to's offering.

The report analyzes the steam turbine market volume, value and average price for the historical (2013-2018) and forecast (2019-2023) period. The report covers the drivers and restraints affecting the steam turbine market, country-wise annual capacity additions, market value and average price, project case studies, key projects, and the competitive landscape for respective countries in 2018. Profiles of major steam turbine manufacturers are also presented in this report.

The global steam turbine market registered a market value of US$9.25bn in 2018, primarily driven by growth in China. Despite a slowdown in capacity additions, the country will continue to lead the global market, followed by India, the US, Egypt and Vietnam, between 2019 and 2023. The increasing demand for uninterrupted power in developing countries such as China and India, and the rise in combined-cycle and cogeneration operations are set to drive the aggregate value of the global steam turbine market to US$36.70bn between 2019 and 2023.

Coal power generation is expected to gradually lose its prominence in power generation as countries across the world are aiming at cutting down dependence on coal and switching to renewable resources and natural gas for power generation to achieve climate targets and reduce carbon emissions. However, technological improvements and developments in thermal power such as carbon capture and storage, combined heat and power, and CCGT, and the discovery of shale gas will drive the thermal power market over the forecast period.

Asia-Pacific (APAC) was the largest market for steam turbines during the historical period (2014-2018) with an aggregate value of US$47.26bn. APAC will continue to lead the global market over the forecast period with an aggregate value of US$26.79bn. China was the top country for steam turbines with a market value of US$3.56bn in 2018. However, due to a mandatory target to reduce the coal-fired capacity, the country is set to witness a decline in market value to US$1.53bn by 2023.

Challenges such as increased focus on renewable energy sources and natural gas to move away from coal for cleaner energy, environmental regulations, land acquisition problems, non-availability of domestic coal in some countries and energy supply security issues continue to hinder the growth potential of the global steam turbines market. Governments' plans to add coal-fired capacity and the use of advanced technologies such as ultra-supercritical, supercritical and other clean coal technologies for existing and upcoming coal power plants are the major factors that will determine the future of installations globally.


  • Analysis of the growth of steam turbine market with a focus on market value and volume in global and regional level including Asia-Pacific, Americas, Europe, and Middle East and Africa.
  • The report provides steam turbines market analysis for key countries including the US, India, China, Republic of Korea, Vietnam, Indonesia, Saudi Arabia, the UK, Turkey, and Egypt.
  • The report offers country level steam turbine market size analysis with respect to market volume, value and average price for the historical (2013-2018) and forecast (2019-2023) periods.
  • It provides competitive landscape at country level for the year 2018 and profiles of major players in steam turbines market.
  • Annual additions, market value, key market drivers and restraints, and analysis of their impact in steam turbines market, project case studies, and key projects are also discussed.

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Key Topics Covered

1 List of Tables & Figures

2 Executive Summary

2.1 Global Steam Turbine Market to Reach an Aggregate Value of $36.7bn during 2019-2023

2.2 China to Lead Asia-Pacific Steam Turbine Market followed by India & Vietnam

3 Introduction

3.1 Steam Turbines, Definition

3.2 Steam Turbines, Types

3.3 Steam Turbines, Coal-Fired Power Plant Working Model

3.4 Steam Turbines, Coal Power Technologies

3.5 Steam Turbines, New Rules for Coal-fired Power Plants

3.6 Steam Turbines, Report Scope

3.7 Report Guidance

4 Steam Turbines, Global

4.1 Thermal Power, Global, Market Overview

4.2 Steam Turbines, Global, Market Drivers & Restraints

4.3 Steam Turbines, Global, Market Size

4.4 Steam Turbines, Global, Capacity Segment Type

4.5 Steam Turbines, Global, Competitive Landscape

5 Steam Turbines, Americas

6 Steam Turbines, US

7 Steam Turbines, Asia-Pacific

8 Steam Turbines, India

9 Steam Turbines, China

10 Steam Turbines, Republic of Korea

11 Steam Turbines, Vietnam

12 Steam Turbines, Indonesia

13 Steam turbines, Europe, Middle East, and Africa (EMEA)

14 Steam Turbines, Saudi Arabia

15 Steam Turbines, UK

16 Steam Turbines, Turkey

17 Steam Turbines, Egypt

18 Steam Turbines, Global, Key Company Profiles

18.1 Dongfang Electric Corporation Limited

18.2 Harbin Electric Company Limited

18.3 Bharat Heavy Electricals Limited

18.4 Mitsubishi Hitachi Power Systems Ltd.

18.5 GE Power

18.6 Siemens AG

18.7 Toshiba Corporation

For more information about this report visit

Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900