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

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

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Global Steam Turbine Market 2024

Steam Turbine Market Size

In 2021, the global steam turbine market decreased by -3.6% to $X for the first time since 2011, thus ending a nine-year rising trend. Over the period under review, consumption, however, recorded a significant expansion. Over the period under review, the global market attained the peak level at $X in 2020, and then declined in the following year.

Steam Turbine Production

In value terms, steam turbine production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed significant growth. The growth pace was the most rapid in 2014 when the production volume increased by 532%. Over the period under review, global production hit record highs at $X in 2020, and then dropped in the following year.

Steam Turbine Exports

Exports

In 2021, the amount of steam turbines and other vapor turbines exported worldwide fell to X units, with a decrease of -8.4% against the previous year. Over the period under review, exports showed a deep contraction. The pace of growth was the most pronounced in 2016 with an increase of 13% against the previous year. The global exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, steam turbine exports reached $X in 2021. In general, exports recorded a abrupt setback. Over the period under review, the global exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan represented the key exporting country with an export of about X units, which finished at 41% of total exports. The Czech Republic (X units) held a 20% share (based on physical terms) of total exports, which put it in second place, followed by France (14%) and Germany (10%). The UK (X units), India (X units) and Ukraine (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to steam turbine exports from Japan stood at -6.2%. At the same time, Ukraine (+22.7%), France (+19.0%), the Czech Republic (+7.0%) and the UK (+4.6%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing exporter exported in the world, with a CAGR of +22.7% from 2012-2021. India experienced a relatively flat trend pattern. By contrast, Germany (-17.1%) illustrated a downward trend over the same period. While the share of the Czech Republic (+14 p.p.), France (+13 p.p.), Ukraine (+1.9 p.p.) and the UK (+1.5 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Germany (-21.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), France ($X) and the Czech Republic ($X) were the countries with the highest levels of exports in 2021, with a combined 48% share of global exports. These countries were followed by Germany, India, Ukraine and the UK, which together accounted for a further 17%.

In terms of the main exporting countries, Ukraine, with a CAGR of +39.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average steam turbine export price amounted to $X per unit, increasing by 25% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per unit in 2012; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+14.0%), while the other global leaders experienced more modest paces of growth.

Steam Turbine Imports

Imports

In 2021, purchases abroad of steam turbines and other vapor turbines decreased by -24.4% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports showed a deep contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 93%. Over the period under review, global imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, steam turbine imports dropped modestly to $X in 2021. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 20%. Global imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Indonesia (X units) and Turkey (X units) were the key importers of steam turbines and other vapor turbinesaround the world, together finishing at near 57% of total imports. Kenya (X units) held the next position in the ranking, followed by Mongolia (X units). All these countries together held approx. 19% share of total imports. Nigeria (X units), Vietnam (X units) and Bangladesh (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mongolia (with a CAGR of +134.2%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Indonesia ($X) and Bangladesh ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 31% of global imports. Vietnam, Nigeria, Kenya and Mongolia lagged somewhat behind, together comprising a further 5.2%.

Mongolia, with a CAGR of +44.6%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average steam turbine import price amounted to $X per unit, picking up by 28% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, steam turbine import price increased by +38.5% against 2019 indices. The growth pace was the most rapid in 2014 when the average import price increased by 41%. Global import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+0.1%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were China, India and Indonesia, with a combined 72% share of global consumption. Sweden, Turkey, Germany, Japan and Mongolia lagged somewhat behind, together comprising a further 16%.
The countries with the highest volumes of in 2021 were China, India and Sweden, together accounting for 82% of global production.
In value terms, Japan remains the largest steam turbine supplier worldwide, comprising 19% of global exports. The second position in the ranking was occupied by the Czech Republic, with an 8.8% share of global exports. It was followed by Russia, with a 6.4% share.
In value terms, the largest steam turbine importing markets worldwide were Turkey, Indonesia and Pakistan, together accounting for 38% of global imports. Japan, China, India, the UK and Mongolia lagged somewhat behind, together comprising a further 15%.
The average steam turbine export price stood at $1,482 per unit in 2021, growing by 89% against the previous year.
The average steam turbine import price stood at $458 per unit in 2021, increasing by 77% against the previous year.

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

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Ansaldo Energia, Doosan Enerbility, Doosan Škoda Power, Dresser-Rand, Ebara Corporation, Elliott Company, Fincantieri, Franco Tosi Meccanica, G.E.C. Turbine Generators Ltd, Hitachi, Howden Turbo, MAN Energy Solutions, MAN SE, MAPNA Group, Mitsubishi Heavy Industries, C. A. Parsons and Company, Power Machines, Siemens, Sulzer, Ural Turbine Works

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. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL 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. GLOBAL 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
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  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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