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Report Southern Asia - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Southern Asia: Steam Turbine Market 2024

Steam Turbine Market Size in Southern Asia

In 2021, after seven years of growth, there was decline in the South Asian steam turbine market, when its value decreased by -1.4% to $X. In general, consumption, however, saw significant growth. Over the period under review, the market attained the maximum level at $X in 2020, and then dropped modestly in the following year.

Steam Turbine Production in Southern Asia

In value terms, steam turbine production reduced modestly to $X in 2021 estimated in export price. Overall, production, however, recorded significant growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by 1,157% against the previous year. The level of production peaked at $X in 2020, and then shrank in the following year.

Steam Turbine Exports

Exports in Southern Asia

After two years of decline, shipments abroad of steam turbines and other vapor turbines increased by 414% to X units in 2021. Overall, exports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by 8,164%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, steam turbine exports reduced remarkably to $X in 2021. Over the period under review, exports saw a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 75% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from India (X units), together reaching 100% of total export.

India experienced a relatively flat trend pattern with regard to volume of exports of steam turbines and other vapor turbines. India (+67 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest steam turbine supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India amounted to +10.0%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, waning by -87.9% against the previous year. Over the period under review, the export price, however, continues to indicate significant growth. The pace of growth appeared the most rapid in 2013 an increase of 33,762% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +10.2% per year.

Steam Turbine Imports

Imports in Southern Asia

In 2021, approx. X units of steam turbines and other vapor turbines were imported in Southern Asia; growing by 19% on the previous year. Over the period under review, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 229%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, steam turbine imports soared to $X in 2021. In general, imports enjoyed a perceptible increase. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Bangladesh was the key importing country with an import of around X units, which amounted to 83% of total imports. It was distantly followed by Pakistan (X units), generating an 11% share of total imports. India (X units) followed a long way behind the leaders.

Bangladesh was also the fastest-growing in terms of the steam turbines and other vapor turbines imports, with a CAGR of +29.8% from 2012 to 2021. At the same time, Pakistan (+26.7%) displayed positive paces of growth. By contrast, India (-13.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Bangladesh and Pakistan increased by +51 and +5.8 percentage points, respectively.

In value terms, Pakistan ($X), Bangladesh ($X) and India ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 99% of total imports.

In terms of the main importing countries, Bangladesh, with a CAGR of +20.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, jumping by 58% against the previous year. In general, the import price, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2015 when the import price increased by 150%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-2.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

India remains the largest steam turbine consuming country in Southern Asia, comprising approx. 94% of total volume. Moreover, steam turbine consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan, more than tenfold.
India remains the largest steam turbine producing country in Southern Asia, comprising approx. 98% of total volume.
In value terms, India remains the largest steam turbine supplier in Southern Asia.
In value terms, Pakistan constitutes the largest market for imported steam turbines and other vapor turbines in Southern Asia, comprising 71% of total imports. The second position in the ranking was occupied by Bangladesh, with a 14% share of total imports. It was followed by India, with a 14% share.
The export price in Southern Asia stood at $475 per unit in 2021, jumping by 38% against the previous year.
The import price in Southern Asia stood at $884 per unit in 2021, growing by 96% against the previous year.

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

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Southern Asia, split by region and country
  • Trade (exports and imports) in Southern Asia
  • 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. CONSUMPTION BY COUNTRY
    3. 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
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

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

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Afghanistan
    • Bangladesh
    • Bhutan
    • India
    • Maldives
    • Nepal
    • Pakistan
    • Sri Lanka

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

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

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