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U.S. - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

U.S. - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights

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Jul 21, 2023

May 2023 Witnesses a 99% Surge in U.S. Steam Turbine Export Value, Reaching $597K

U.S. Steam Turbine Exports

In May 2023, the amount of steam turbines and other vapor turbines exported from the United States skyrocketed to 20 units, jumping by 25% against the month before. In general, exports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in August 2022 when exports increased by 419% month-to-month. The exports peaked at 256 units in September 2022; however, from October 2022 to May 2023, the exports failed to regain momentum.

In value terms, steam turbine exports skyrocketed to $597K (IndexBox estimates) in May 2023. Overall, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in March 2023 with an increase of 1,635% m-o-m. Over the period under review, the exports attained the maximum at 10M units in September 2022; however, from October 2022 to May 2023, the exports remained at a lower figure.

COUNTRYExport Value of Steam Turbine in U.S. (thousand USD)
May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023
Canada35.31,2342526,5372,71517.313559.6433N/AN/A178408
Taiwan (Chinese)N/AN/AN/AN/AN/AN/A89.2N/AN/AN/AN/A39.3137
PolandN/AN/AN/A8.8N/A52.3N/A2.926.629.668.761.827.8
Mexico23.1N/AN/AN/A1243.04141,292N/AN/AN/AN/A24.7
BahrainN/AN/AN/AN/AN/AN/A2,507N/AN/AN/AN/AN/AN/A
ItalyN/A947N/AN/AN/A47.2N/AN/AN/AN/AN/AN/AN/A
IndonesiaN/A1,109677N/AN/AN/AN/AN/A380N/AN/AN/AN/A
SingaporeN/AN/AN/AN/A6,222N/AN/AN/AN/AN/AN/AN/AN/A
Germany659N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
South KoreaN/A9927188691,01317.611.4894N/AN/AN/AN/AN/A
Others61032823.23783566821,619680140N/A44420.7N/A
Total1,3274,6091,6717,79310,4298204,7742,92998029.6513300597

Exports by Country

Canada (11 units) was the main destination for steam turbine exports from the United States, accounting for a 55% share of total exports. Moreover, steam turbine exports to Canada exceeded the volume sent to the second major destination, Poland (5 units), twofold. Mexico (2 units) ranked third in terms of total exports with a 10% share.

From May 2022 to May 2023, the average monthly rate of growth in terms of volume to Canada totaled +11.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Poland (+5.8% per month) and Mexico (+5.9% per month).

In value terms, Canada ($408K) remains the key foreign market for steam turbine exports from the United States, comprising 68% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($137K), with a 23% share of total exports. It was followed by Poland, with a 4.7% share.

From May 2022 to May 2023, the average monthly growth rate of value to Canada totaled +22.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Taiwan (Chinese) (+7.4% per month) and Poland (+13.6% per month).

Exports by Type

Steam and other vapour turbines, other than for marine propulsion, of an output under 40MW (13 units) and steam and other vapour turbines, for marine propulsion (7 units) were the main products of steam turbine exports from the United States.

From May 2022 to May 2023, the biggest increases were in steam and other vapour turbines, for marine propulsion (with a CAGR of +11.0%).

In value terms, steam and other vapour turbines, other than for marine propulsion, of an output under 40MW ($432K) remains the largest type of steam turbine exported from the United States, comprising 72% of total exports. The second position in the ranking was held by steam and other vapour turbines, for marine propulsion ($165K), with a 28% share of total exports.

From May 2022 to May 2023, the average monthly rate of growth in terms of the export volume of steam and other vapour turbines, other than for marine propulsion, of an output under 40MW stood at -8.3%.

Export Prices by Country

In May 2023, the steam turbine price stood at $29,858 per unit (FOB, US), rising by 59% against the previous month. Overall, the export price, however, continues to indicate a pronounced shrinkage. The growth pace was the most rapid in March 2023 an increase of 543% month-to-month. Over the period under review, the average export prices hit record highs at $69,838 per unit in June 2022; however, from July 2022 to May 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In May 2023, the country with the highest price was Taiwan (Chinese) ($68,542 per unit), while the average price for exports to Poland ($5,561 per unit) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the steam turbine market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 28112130 -
  • Prodcom 28112150 -

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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