증기 터빈 시장 : 유형, 용량, 설계, 최종 사용자별 - 세계 예측(2025-2030년)

The Steam Turbines Market was valued at USD 22.97 billion in 2023, expected to reach USD 23.97 billion in 2024, and is projected to grow at a CAGR of 4.38%, to USD 31.02 billion by 2030.

Steam turbines, critical components in power generation and industrial applications, convert thermal energy into mechanical power. The scope of steam turbines spans several sectors, including power plants, oil and gas, chemical and petrochemical industries, and industrial manufacturing. Their necessity is underscored by their efficiency and reliability in producing electricity and driving mechanical processes. Steam turbines find applications in both renewable energy sources like biomass and geothermal plants and traditional coal, gas, or nuclear power stations. The end-use scope stretches across energy utility companies, refineries, and process industries requiring high-power output.

The market for steam turbines is primarily driven by the growing demand for electricity and the expansion of the industrial sector. Transitioning towards cleaner energy sources boosts the adoption of steam turbines in renewable power plants. Technological advancements like high-efficiency and compact designs offer new business opportunities. The recent push for decarbonization and emission reductions further encourages innovation to enhance turbine efficiencies and integrate them with advanced digital monitoring systems.

However, the market faces challenges like the high initial costs of installation and maintenance, as well as stiff competition from alternative power generation technologies like gas turbines and renewables. Regional policy shifts towards reducing carbon footprints pose limitations for traditional turbine deployments.

Investment in research and development focusing on efficiency improvements, hybrid systems integrating renewable and thermal power, and smart turbine technologies presents fertile areas for business growth. Companies should explore avenues in developing modular and small-scale turbines tailored for distributed generation or combined heat and power (CHP) systems.

Stakeholders should focus on regions with rapid industrialization and policy support for grid enhancement and modernization. Collaboration with technology firms in AI-driven predictive maintenance and IoT integration could offer competitive advantages, ensuring longevity and operational optimization of turbine systems in a transitioning energy landscape.

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

The 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
  • Growing electricity requirements and rising thermal power capacity
  • Increase in demand for district & local heating & cooling systems
  • Government regulations for the use of steam turbines
• Market Restraints
  • Huge cost associated with steam turbines
• Market Opportunities
  • Upgradation of aged power generation infrastructure
  • Increase in combined cycle and co-generation operations
• Market Challenges
  • Boiler efficiency and steam quality issues

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

Porter's five forces framework is a critical tool for understanding the competitive landscape of the 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 Steam Turbines Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the 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 Steam Turbines Market

A detailed market share analysis in the 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 Steam Turbines Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the 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 Steam Turbines Market

A strategic analysis of the 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 Steam Turbines Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Alstom S.A., Ansaldo Energia S.p.A, Arani power systems, Bharat Heavy Electricals Limited, Chola Turbo Machinery International Pvt. Ltd., Dongfang Turbine Company Limited, Doosan Skoda Power, Elliott Group, Fuji Electric Co., Ltd., General Electric Company, Hangzhou Turbine Power Group Co., Ltd., Howden Group, Kawasaki Heavy Industries, Ltd., MAN Energy Solutions SE, Mitsubishi Heavy Industries, Ltd., Shin Nippon Machinery Co., Ltd, Siemens AG, Sumitomo Heavy Industries, Ltd., Toshiba Corporation, Trillium Flow Technologies, Turbine Generator Maintenance Inc., TURBOCAM, Inc., and WEG S.A..

Market Segmentation & Coverage

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

• Based on Type, market is studied across Extraction Back-Pressure Turbines, Extraction-Condensing Turbines, Geared Turbines, Mixed-Pressure Turbines, and Small/Mid-Sized Condensing Turbines.
• Based on Capacity, market is studied across 151 to 300 MW, More than 300 MW, and Up to 150 MW.
• Based on Design, market is studied across Impluse and Reaction.
• Based on End-User, market is studied across Industrial and Power & Utility.
• 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. Growing electricity requirements and rising thermal power capacity
    • 5.1.1.2. Increase in demand for district & local heating & cooling systems
    • 5.1.1.3. Government regulations for the use of steam turbines
  • 5.1.2. Restraints
    • 5.1.2.1. Huge cost associated with steam turbines
  • 5.1.3. Opportunities
    • 5.1.3.1. Upgradation of aged power generation infrastructure
    • 5.1.3.2. Increase in combined cycle and co-generation operations
  • 5.1.4. Challenges
    • 5.1.4.1. Boiler efficiency and steam quality issues
• 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. Steam Turbines Market, by Type

• 6.1. Introduction
• 6.2. Extraction Back-Pressure Turbines
• 6.3. Extraction-Condensing Turbines
• 6.4. Geared Turbines
• 6.5. Mixed-Pressure Turbines
• 6.6. Small/Mid-Sized Condensing Turbines

7. Steam Turbines Market, by Capacity

• 7.1. Introduction
• 7.2. 151 to 300 MW
• 7.3. More than 300 MW
• 7.4. Up to 150 MW

8. Steam Turbines Market, by Design

• 8.1. Introduction
• 8.2. Impluse
• 8.3. Reaction

9. Steam Turbines Market, by End-User

• 9.1. Introduction
• 9.2. Industrial
• 9.3. Power & Utility

10. Americas Steam Turbines Market

• 10.1. Introduction
• 10.2. Argentina
• 10.3. Brazil
• 10.4. Canada
• 10.5. Mexico
• 10.6. United States

11. Asia-Pacific Steam Turbines Market

• 11.1. Introduction
• 11.2. Australia
• 11.3. China
• 11.4. India
• 11.5. Indonesia
• 11.6. Japan
• 11.7. Malaysia
• 11.8. Philippines
• 11.9. Singapore
• 11.10. South Korea
• 11.11. Taiwan
• 11.12. Thailand
• 11.13. Vietnam

12. Europe, Middle East & Africa Steam Turbines Market

• 12.1. Introduction
• 12.2. Denmark
• 12.3. Egypt
• 12.4. Finland
• 12.5. France
• 12.6. Germany
• 12.7. Israel
• 12.8. Italy
• 12.9. Netherlands
• 12.10. Nigeria
• 12.11. Norway
• 12.12. Poland
• 12.13. Qatar
• 12.14. Russia
• 12.15. Saudi Arabia
• 12.16. South Africa
• 12.17. Spain
• 12.18. Sweden
• 12.19. Switzerland
• 12.20. Turkey
• 12.21. United Arab Emirates
• 12.22. United Kingdom

13. Competitive Landscape

• 13.1. Market Share Analysis, 2023
• 13.2. FPNV Positioning Matrix, 2023
• 13.3. Competitive Scenario Analysis
• 13.4. Strategy Analysis & Recommendation

Companies Mentioned

• 1. ABB Ltd.
• 2. Alstom S.A.
• 3. Ansaldo Energia S.p.A
• 4. Arani power systems
• 5. Bharat Heavy Electricals Limited
• 6. Chola Turbo Machinery International Pvt. Ltd.
• 7. Dongfang Turbine Company Limited
• 8. Doosan Skoda Power
• 9. Elliott Group
• 10. Fuji Electric Co., Ltd.
• 11. General Electric Company
• 12. Hangzhou Turbine Power Group Co., Ltd.
• 13. Howden Group
• 14. Kawasaki Heavy Industries, Ltd.
• 15. MAN Energy Solutions SE
• 16. Mitsubishi Heavy Industries, Ltd.
• 17. Shin Nippon Machinery Co., Ltd
• 18. Siemens AG
• 19. Sumitomo Heavy Industries, Ltd.
• 20. Toshiba Corporation
• 21. Trillium Flow Technologies
• 22. Turbine Generator Maintenance Inc.
• 23. TURBOCAM, Inc.
• 24. WEG S.A.