Report Update Nov 1, 2024

India - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights

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India: Steam Turbine Market 2024

Steam Turbine Market Size in India

After nine years of growth, the Indian steam turbine market decreased by -9.6% to $X in 2021. In general, consumption, however, showed significant growth. Over the period under review, the market reached the peak level at $X in 2020, and then dropped in the following year.

Steam Turbine Production in India

In value terms, steam turbine production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate significant growth. The pace of growth was the most pronounced in 2013 with an increase of 76%. Steam turbine production peaked at $X in 2020, and then reduced in the following year.

Steam Turbine Exports

Exports from India

In 2021, shipments abroad of steam turbines and other vapor turbines increased by 419% to X units for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 27,147%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, steam turbine exports reduced remarkably to $X in 2021. Over the period under review, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2013 with an increase of 78% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Bangladesh (X units) was the main destination for steam turbine exports from India, with a 79% share of total exports. Moreover, steam turbine exports to Bangladesh exceeded the volume sent to the second major destination, Iran (X units), more than tenfold. The third position in this ranking was held by Oman (X units), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bangladesh stood at +240.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+9.4% per year) and Oman (+200.9% per year).

In value terms, Bangladesh ($X) emerged as the key foreign market for steam turbines and other vapor turbines exports from India, comprising 30% of total exports. The second position in the ranking was held by Iran ($X), with a 2% share of total exports. It was followed by Malaysia, with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bangladesh stood at +76.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+71.6% per year) and Malaysia (+10.3% per year).

Export Prices by Country

The average steam turbine export price stood at $X per unit in 2021, with a decrease of -87.7% against the previous year. In general, the export price, however, posted resilient growth. The growth pace was the most rapid in 2013 when the average export price increased by 12,393%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per unit), while the average price for exports to Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+50,464.2%), while the prices for the other major destinations experienced more modest paces of growth.

Steam Turbine Imports

Imports into India

In 2021, approx. X units of steam turbines and other vapor turbines were imported into India; growing by 1,291% on the previous year. Over the period under review, imports, however, saw a abrupt shrinkage. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, steam turbine imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a abrupt decrease. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Russia (X units), Italy (X units) and Austria (X units) were the main suppliers of steam turbine imports to India, with a combined 94% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +21.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Russia ($X), Italy ($X) and Austria ($X) constituted the largest steam turbine suppliers to India, together comprising 23% of total imports.

Italy, with a CAGR of -5.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average steam turbine import price amounted to $X per unit, falling by -74.9% against the previous year. Over the period under review, the import price saw a noticeable curtailment. The pace of growth was the most pronounced in 2014 an increase of 210%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for steam turbines and other vapor turbines in the world?

The countries with the highest volumes of in 2021 were China, India and Indonesia, with a combined 72% share of global consumption. These countries were followed by Sweden, Turkey, Germany, Japan and Mongolia, which together accounted for a further 16%.

What are the largest producers of steam turbines and other vapor turbines in the world?

The countries with the highest volumes of in 2021 were China, India and Sweden, with a combined 82% share of global production.

What are the leading suppliers of steam turbines and other vapor turbines to India?

In value terms, the largest steam turbine suppliers to India were China, Japan and Germany, with a combined 92% share of total imports.

What are the leading importers of steam turbines and other vapor turbines from India?

In value terms, Bangladesh remains the key foreign market for steam turbine exports from India, comprising 36% of total exports. The second position in the ranking was occupied by the United States, with a 7.8% share of total exports. It was followed by Nepal, with a 3.6% share.

What is the average export price for steam turbines and other vapor turbines in India?

In 2021, the average steam turbine export price amounted to $452 per unit, growing by 37% against the previous year.

What is the average import price for steam turbines and other vapor turbines in India?

In 2021, the average steam turbine import price amounted to $393 per unit, growing by 227% against the previous year.

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

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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