Global and Japan Steam Turbine Market Insights, Forecast to 2027

Steam Turbine is a device that extracts thermal energy from pressurized steam and uses it to do mechanical work on a rotating output shaft.
Global Steam Turbine key players include GE, Siemens, MHPS, HTC, Doosan Skoda Power, etc. Global top five manufacturers hold a share over 65%.
Europe is the largest market, with a share over 35%, followed by North America and Asia-Pacific, both have a share over 55%.
In terms of product, Non-Condensing Steam Turbine is the largest segment, with a share about 60%. And in terms of application, the largest application is Power Generation, followed by Industrial, etc.

Market Analysis and Insights: Global and Japan Steam Turbine Market
This report focuses on global and Japan Steam Turbine market.
In 2020, the global Steam Turbine market size was US$ 5955 million and it is expected to reach US$ 6837 million by the end of 2027, with a CAGR of 1.5% during 2021-2027. In Japan the Steam Turbine market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Steam Turbine Scope and Market Size
Steam Turbine market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Steam Turbine market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For Japan market, this report focuses on the Steam Turbine market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in Japan.

Segment by Type
Condensing Steam Turbine
Non-Condensing Steam Turbine

Segment by Application
Power Generation
Industrial
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
GE
Siemens
DEC
Shanghai Electric
HTC
Harbin Turbine Company Limited
MHPS
MAN Power Engineering
Fuji Electric
Elliott Group
Doosan
Ansaldo Energia
Kawasaki
Power Machines
Toshiba
Ansaldo