세계의 산업용 증기 터빈 시장 : 정격 용량, 유형, 최종 사용자별 예측(2025-2030년)

The Industrial Steam Turbines Market was valued at USD 23.20 billion in 2023, expected to reach USD 24.53 billion in 2024, and is projected to grow at a CAGR of 5.79%, to USD 34.43 billion by 2030.

The industrial steam turbines market is an integral part of the global energy and power generation sector. It involves turbines designed to convert heat energy from steam into mechanical energy, subsequently used for electricity generation or industrial mechanical drives. This market primarily serves industries such as power generation, oil and gas, petrochemical, and manufacturing, where high-efficiency energy conversion is critical. The necessity of steam turbines lies in their robust efficiency, reliability, and ability to support base-load and peak-load demands, more relevant amid growing global energy needs and industrialization. Increasing government initiatives for sustainable and efficient energy production, alongside the ongoing shift towards renewable energy sources, underscore the growing demand for co-generation facilities using steam turbines. Key growth factors include technological advancements in turbine design allowing higher efficiency and lower emissions, as well as increased investments in refurbishment and upgrade of existing power plants. Emerging opportunities lie in the integration of digital technologies like IoT and AI for predictive maintenance and operational efficiency. However, the market faces challenges such as high initial investment costs, rising operational complexities, and stringent environmental regulations. Additionally, the competition from alternative energy sources, such as gas turbines and renewable energy technologies, poses a significant restraint. Innovations that could drive future growth include the development of supercritical and ultra-supercritical steam turbines, which promise higher efficiency and reduced carbon footprint. Research focusing on materials science and thermal efficiency for next-gen turbines could yield long-term benefits. The market is characterized by a mix of large-scale companies and emerging players, fostering an environment ripe for strategic collaborations and mergers to enhance technological capabilities and market reach. Businesses aiming to capture market share should focus on innovation, automated operation systems, and expanding service networks to cater to an increasingly diverse and geographically spread clientele.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Industrial Steam Turbines Market

The Industrial Steam Turbines Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

• Market Drivers
  • Rapid industrialization and growing infrastructure developments
  • Increase in the number of nuclear power plants
  • Government regulations and initiatives on clean energy
• Market Restraints
  • Increasing preference for gas turbines in power generating plants
  • High price of steam turbines
• Market Opportunities
  • Technological advancement in steam turbine development
  • Rising investments and collaborations in the steam turbine market
• Market Challenges
  • Limited efficiency compared to reciprocating engines

Porter's Five Forces: A Strategic Tool for Navigating the Industrial Steam Turbines Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Industrial Steam Turbines Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Industrial Steam Turbines Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Industrial Steam Turbines Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Industrial Steam Turbines Market

A detailed market share analysis in the Industrial Steam Turbines Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Industrial Steam Turbines Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Industrial Steam Turbines Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Industrial Steam Turbines Market

A strategic analysis of the Industrial Steam Turbines Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Industrial Steam Turbines Market, highlighting leading vendors and their innovative profiles. These include Arani Power Systems, Bharat Heavy Electricals Limited, Chola Turbo Machinery International Pvt. Ltd., Dongfang Electric Corporation, Doosan Skoda Power, Elliott Group, Emerson Electric Co., General Electric Co., Harbin Electric Machinery Co., Ltd., Mitsubishi Hitachi Power Systems Americas Inc., Sande Stahlguss GmbH, Siemens AG, Toshiba Corporation, Turbine Generator Maintenance Inc., and Turbocam.

Market Segmentation & Coverage

This research report categorizes the Industrial Steam Turbines Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Based on Rated Capacity, market is studied across 125-300 MW, 300-550 MW, 550-750 MW, Less than 125 MW, and More than 750MW.
• Based on Type, market is studied across Cogeneration and Combined Cycle.
• Based on End-User, market is studied across Industrial, Power, and Utility. The Industrial is further studied across Chemical Plant, Pulp & Paper, Refinery, and Sugar Plant.
• Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Segmentation & Coverage
• 1.3. Years Considered for the Study
• 1.4. Currency & Pricing
• 1.5. Language
• 1.6. Stakeholders

2. Research Methodology

• 2.1. Define: Research Objective
• 2.2. Determine: Research Design
• 2.3. Prepare: Research Instrument
• 2.4. Collect: Data Source
• 2.5. Analyze: Data Interpretation
• 2.6. Formulate: Data Verification
• 2.7. Publish: Research Report
• 2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

• 5.1. Market Dynamics
  • 5.1.1. Drivers
    • 5.1.1.1. Rapid industrialization and growing infrastructure developments
    • 5.1.1.2. Increase in the number of nuclear power plants
    • 5.1.1.3. Government regulations and initiatives on clean energy
  • 5.1.2. Restraints
    • 5.1.2.1. Increasing preference for gas turbines in power generating plants
    • 5.1.2.2. High price of steam turbines
  • 5.1.3. Opportunities
    • 5.1.3.1. Technological advancement in steam turbine development
    • 5.1.3.2. Rising investments and collaborations in the steam turbine market
  • 5.1.4. Challenges
    • 5.1.4.1. Limited efficiency compared to reciprocating engines
• 5.2. Market Segmentation Analysis
• 5.3. Porter's Five Forces Analysis
  • 5.3.1. Threat of New Entrants
  • 5.3.2. Threat of Substitutes
  • 5.3.3. Bargaining Power of Customers
  • 5.3.4. Bargaining Power of Suppliers
  • 5.3.5. Industry Rivalry
• 5.4. PESTLE Analysis
  • 5.4.1. Political
  • 5.4.2. Economic
  • 5.4.3. Social
  • 5.4.4. Technological
  • 5.4.5. Legal
  • 5.4.6. Environmental

6. Industrial Steam Turbines Market, by Rated Capacity

• 6.1. Introduction
• 6.2. 125-300 MW
• 6.3. 300-550 MW
• 6.4. 550-750 MW
• 6.5. Less than 125 MW
• 6.6. More than 750MW

7. Industrial Steam Turbines Market, by Type

• 7.1. Introduction
• 7.2. Cogeneration
• 7.3. Combined Cycle

8. Industrial Steam Turbines Market, by End-User

• 8.1. Introduction
• 8.2. Industrial
  • 8.2.1. Chemical Plant
  • 8.2.2. Pulp & Paper
  • 8.2.3. Refinery
  • 8.2.4. Sugar Plant
• 8.3. Power
• 8.4. Utility

9. Americas Industrial Steam Turbines Market

• 9.1. Introduction
• 9.2. Argentina
• 9.3. Brazil
• 9.4. Canada
• 9.5. Mexico
• 9.6. United States

10. Asia-Pacific Industrial Steam Turbines Market

• 10.1. Introduction
• 10.2. Australia
• 10.3. China
• 10.4. India
• 10.5. Indonesia
• 10.6. Japan
• 10.7. Malaysia
• 10.8. Philippines
• 10.9. Singapore
• 10.10. South Korea
• 10.11. Taiwan
• 10.12. Thailand
• 10.13. Vietnam

11. Europe, Middle East & Africa Industrial Steam Turbines Market

• 11.1. Introduction
• 11.2. Denmark
• 11.3. Egypt
• 11.4. Finland
• 11.5. France
• 11.6. Germany
• 11.7. Israel
• 11.8. Italy
• 11.9. Netherlands
• 11.10. Nigeria
• 11.11. Norway
• 11.12. Poland
• 11.13. Qatar
• 11.14. Russia
• 11.15. Saudi Arabia
• 11.16. South Africa
• 11.17. Spain
• 11.18. Sweden
• 11.19. Switzerland
• 11.20. Turkey
• 11.21. United Arab Emirates
• 11.22. United Kingdom

12. Competitive Landscape

• 12.1. Market Share Analysis, 2023
• 12.2. FPNV Positioning Matrix, 2023
• 12.3. Competitive Scenario Analysis
• 12.4. Strategy Analysis & Recommendation

Companies Mentioned

• 1. Arani Power Systems
• 2. Bharat Heavy Electricals Limited
• 3. Chola Turbo Machinery International Pvt. Ltd.
• 4. Dongfang Electric Corporation
• 5. Doosan Skoda Power
• 6. Elliott Group
• 7. Emerson Electric Co.
• 8. General Electric Co.
• 9. Harbin Electric Machinery Co., Ltd.
• 10. Mitsubishi Hitachi Power Systems Americas Inc.
• 11. Sande Stahlguss GmbH
• 12. Siemens AG
• 13. Toshiba Corporation
• 14. Turbine Generator Maintenance Inc.
• 15. Turbocam