Steam Turbine Market

Steam turbine market: discover new data enhanced by an Ai-driven BI tool. Data cover exports, production, consumption, trade, companies, market prices, market size, and imports. There is a breakdown by region, including the U.K., Africa, Russia, the Middle East, the U.S., China, EU, and Latin America. Market trends and outlook to 2030 are also featured in the snapshots.


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Steam Turbine - World's Largest Markets

RatingCountry
1Tanzania
2India
3Sweden

In value terms, Tanzania led the market, alone. The second position in the ranking was occupied by India.

In Tanzania, the steam turbine market increased at an average annual rate of +3,721.5% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: India (+130.7% per year) and Sweden (+96.6% per year).

Steam Turbine Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per unit
Germany10971473486-78.9%
France13711702248234.5%
Czech Republic633748984169-18.9%
India17682970448959.3%
Japan16266136692306719.1%
Average700421841792-49.4%

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($23,067 per unit), while Germany ($486 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by India (+59.3% per year), while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per unit
Tanzania1253550.7-92.7%
Average350.711178.1%

As there is only one major supplying country, the average price level is determined by prices for Tanzania.

From 2018 to 2020, the rate of growth in terms of prices for Tanzania amounted to -92.7% per year.

Steam Turbine - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
Tanzania0.0013556180.0012969030.01180.5%

In value terms, Tanzania ($11M) constitutes the largest market for imported steam turbines and other vapor turbines worldwide.

In Tanzania, steam turbine imports increased at an average annual rate of +180.5% over the period from 2018-2020.

Steam Turbine - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Japan0.30.20.3-6.5%
Germany0.20.20.24.7%
India0.10.10.18.0%
Czech Republic0.060.10.078.9%
France0.020.020.025.9%

In value terms, Japan ($270M), Germany ($229M) and India ($113M) constituted the countries with the highest levels of exports in 2020, together accounting for 61% of global exports. The Czech Republic and France lagged somewhat behind, together comprising a further 9.2%.

The Czech Republic recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Steam Turbine - Market Forecast

Driven by rising demand for steam turbine worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Steam Turbine - Top Companies

MITSUBISHI HEAVY INDUSTRIES, LTD., Liebherr Maschinen Bulle AG, MITSUBISHI HITACHI POWER SYSTEMS,LTD., NUOVO PIGNONE INTERNATIONAL SRL, Bwxt Investment Company, Franke Industrie AG, Solar Turbines Incorporated, SIEMENS GAMESA RENEWABLE POWER PRIVATE LIMITED, Shanghai Electric Power Generation Equipment Co., Ltd., SUZLON ENERGY LIMITED, ANSALDO ENERGIA SPA, SILOVYE MASHINY, PAO, SIA ENGINEERING COMPANY LIMITED, Siemens Gamesa Renewable Energy, Inc., ANDRITZ HYDRO GmbH, MITSUBISHI TURBOCHARGER ASIA COMPANY LIMITED, ENERCON GMBH, SUCURSAL EM PORTUGAL, Ningxia Huachuang Wind Power Co.,Ltd., REGEN POWERTECH PRIVATE LIMITED, NORDEX ENERGY SPAIN SA.

Steam Turbine - Product Coverage

  • HS 840610 - Turbines; steam and other vapour turbines, for marine propulsion
  • HS 840681 - Turbines; steam and other vapour turbines, (for other than marine propulsion), of an output exceeding 40MW
  • HS 840682 - Turbines; steam and other vapour turbines, (for other than marine propulsion), of an output not exceeding 40MW
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World - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global steam turbine market.

Latin America and the Caribbean - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the steam turbine market in Latin America and the Caribbean.

South-Eastern Asia - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the steam turbine market in South-Eastern Asia.

Australia and Oceania - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the steam turbine market in Australia and Oceania.

Northern America - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the steam turbine market in Northern America.

Southern Asia - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the steam turbine market in Southern Asia.

Eastern Asia - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the steam turbine market in Eastern Asia.

Central Asia - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the steam turbine market in Central Asia.

Africa - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the steam turbine market in Africa.

Middle East - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the steam turbine market in the Middle East.

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