Condensing Steam Turbine Market by Capacity and Application- Global Industry Analysis and Forecast to 2023
Published On : February 2018 Pages : 114 Category: Electrical Systems & Components Report Code : SE03640
Industry Outlook and Trend Analysis
The Condensing Steam Turbine Market has encountered substantial development in the recent years and is foreseen to develop tremendously in the upcoming years. Expanding deployment of combined heat & power (CHP) units is anticipated to remain a key driving variable over the conjecture time frame. Steam engines have been an essential part thermal power plants functioning over the world. However, with expanding condition concern centre has been moved from coal-terminated warm power stations to cleaner assets, for example, gaseous petrol, power devices, and renewable energy.
Capacity Outlook and Trend Analysis
Steam turbines of capacity that range from 121 MW to 350 MW ruled the market and represented more than 30% of the worldwide demand in 2017. These turbines are generally used in CHP units and also low limit control units. Expanding interest for CHP over the developing as well as developed nations is foreseen to drive the portion development over the gauge time frame. Little limit steam motors, i.e. < 120 MW are anticipated to witness most elevated development prospects because of expanding interest for industrial CHP units.
Application Outlook and Trend Analysis
Steam turbines have been extensively used in electrical power generation applications. Power and Utility application section rules the business and is foreseen to keep up its predominance over the estimate time frame. Steam turbine units can be matched with any combustion fuel, nonetheless; coal has been the favoured one. Rising environment concerns have confined the usage of coal-fired power plants and cleaner sources, for example, natural gas, and other renewable energy source assets have turned into the need of great importance.
Regional Outlook and Trend Analysis
Asia Pacific rules the worldwide business with the vast majority of the request originating from China. The nation can be believed to depend on coal-fired go control generation plants with numerous plants in the pipeline in spite of the current over limit. The high rate of industrialization in China, and additionally India, will most likely create opportunities for the CHPs and in this manner for the steam turbine market. The district is likewise anticipated that would witness the quickest development over the estimate time frame. Europe is foreseen to encounter languid development over the figure time frame fundamentally because of the switching focus from conventional to cleaner and sustainable energy sources.
Competitive Insights
The leading players in the market are Dresser-Rand Group, Siemens, Toshiba, Mitsubishi Heavy Industries Ltd, Ansaldo STS, General Electric and Hitachi. MAN Diesel and Turbo's procurement of MaxWatt Turbines Pvt. Ltd., obtained Alstom's Power Generation and Grid business by GE and Ansaldo securing Alstom's GT 26 and GT36 gas turbine technology and assets.
The Condensing Steam Turbines Market is segmented as follows-
By Capacity:
- 351 MW -750 MW
- > 750 MW
- < 120 MW
- 121 MW -350 MW
By Application:
- Industrial
- Power and Utility
- Others
By Region
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia Pacific
- Rest of the World
- Brazil
- South Africa
- Saudi Arabia
- United Arab Emirates
- Others
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2023?
- What will be the industry market growth from 2017 to 2023?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
· Condensing Steam Turbine Market, By Capacity , Estimates and Forecast, 2014-2023 ($Million)
· 351 MW -750 MW
· > 750 MW
· < 120 MW
· 121 MW -350 MW
· Condensing Steam Turbine Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
· Industrial
· Power and Utility
· Others
· Condensing Steam Turbine Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Condensing Steam Turbine Market, By Country
§ North America Condensing Steam Turbine Market, By Capacity
§ North America Condensing Steam Turbine Market, By Application
o U.S. Condensing Steam Turbine Market, By Capacity
o U.S. Condensing Steam Turbine Market, By Application
o Canada Condensing Steam Turbine Market, By Capacity
o Canada Condensing Steam Turbine Market, By Application
o Mexico Condensing Steam Turbine Market, By Capacity
o Mexico Condensing Steam Turbine Market, By Application
· Europe
§ Europe Condensing Steam Turbine Market, By Country
§ Europe Condensing Steam Turbine Market, By Capacity
§ Europe Condensing Steam Turbine Market, By Application
o Germany Condensing Steam Turbine Market, By Capacity
o Germany Condensing Steam Turbine Market, By Application
o France Condensing Steam Turbine Market, By Capacity
o France Condensing Steam Turbine Market, By Application
o UK Condensing Steam Turbine Market, By Capacity
o UK Condensing Steam Turbine Market, By Application
o Italy Condensing Steam Turbine Market, By Capacity
o Italy Condensing Steam Turbine Market, By Application
o Spain Condensing Steam Turbine Market, By Capacity
o Spain Condensing Steam Turbine Market, By Application
o Rest of Europe Condensing Steam Turbine Market, By Capacity
o Rest of Europe Condensing Steam Turbine Market, By Application
· Asia-Pacific
§ Asia-Pacific Condensing Steam Turbine Market, By Country
§ Asia-Pacific Condensing Steam Turbine Market, By Capacity
§ Asia-Pacific Condensing Steam Turbine Market, By Application
o Japan Condensing Steam Turbine Market, By Capacity
o Japan Condensing Steam Turbine Market, By Application
o Australia Condensing Steam Turbine Market, By Capacity
o Australia Condensing Steam Turbine Market, By Application
o India Condensing Steam Turbine Market, By Capacity
o India Condensing Steam Turbine Market, By Application
o South Korea Condensing Steam Turbine Market, By Capacity
o South Korea Condensing Steam Turbine Market, By Application
o Rest of Asia-Pacific Condensing Steam Turbine Market, By Capacity
o Rest of Asia-Pacific Condensing Steam Turbine Market, By Application
· Rest of the World
§ Rest of the World Condensing Steam Turbine Market, By Country
§ Rest of the World Condensing Steam Turbine Market, By Capacity
§ Rest of the World Condensing Steam Turbine Market, By Application
o Brazil Condensing Steam Turbine Market, By Capacity
o Brazil Condensing Steam Turbine Market, By Application
o South Africa Condensing Steam Turbine Market, By Capacity
o South Africa Condensing Steam Turbine Market, By Application
o Saudi Arabia Condensing Steam Turbine Market, By Capacity
o Saudi Arabia Condensing Steam Turbine Market, By Application
o Turkey Condensing Steam Turbine Market, By Capacity
o Turkey Condensing Steam Turbine Market, By Application
o United Arab Emirates Condensing Steam Turbine Market, By Capacity
o United Arab Emirates Condensing Steam Turbine Market, By Application
o Others Condensing Steam Turbine Market, By Capacity
o Others Condensing Steam Turbine Market, By Application
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Expanding deployment of combined heat & power (CHP) units
3.2.2. Restraints
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Condensing Steam Turbine Market, By Capacity
4.1. Introduction
4.2. Global Condensing Steam Turbine Sales, Revenue and Market Share By Capacity (2017-2017)
4.2.1. Global Condensing Steam Turbine Sales and Sales Share By Capacity (2017-2017)
4.2.2. Global Condensing Steam Turbine Revenue and Revenue Share By Capacity (2017-2017)
4.3. Condensing Steam Turbine Market Assessment and Forecast, By Capacity, 2017-2023
4.4. 351 MW -750 MW
4.4.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
4.5. > 750 MW
4.5.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
4.6. < 120 MW
4.6.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
4.7. 121 MW -350 MW
4.7.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
5. Condensing Steam Turbine Market, By Application
5.1. Introduction
5.2. Global Condensing Steam Turbine Sales, Revenue and Market Share by Application (2017-2017)
5.2.1. Global Condensing Steam Turbine Sales and Sales Share by Application (2017-2017)
5.2.2. Global Condensing Steam Turbine Revenue and Revenue Share by Application (2017-2017)
5.3. The Condensing Steam Turbine Market Assessment and Forecast, By Application, 2017-2023
5.4. Industrial
5.4.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
5.5. Power and Utility
5.5.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
5.6. Others
5.6.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
6. Condensing Steam Turbine Market, By Region
6.1. Introduction
6.2. Condensing Steam Turbine Market Assessment and Forecast, By Region, 2017-2023 ($Million)
6.3. Global Condensing Steam Turbine Sales, Revenue and Market Share by Regions
6.3.1. Global Condensing Steam Turbine Sales by Regions (2017-2017)
6.3.2. Global Condensing Steam Turbine Revenue by Regions (2017-2017)
6.4. North America
6.4.1. North America Condensing Steam Turbine Sales and Growth Rate (2017-2017)
6.4.2. Market Assessment and Forecast, By Country, 2017-2023($Million)
6.4.3. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.4.4. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.4.5. U.S.
6.4.5.1. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.4.5.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.4.6. Canada
6.4.6.1. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.4.6.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.4.7. Mexico
6.4.7.1. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.4.7.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5. Europe
6.5.1. Europe Condensing Steam Turbine Sales and Growth Rate (2017-2017)
6.5.2. Market Assessment and Forecast, By Country, 2017-2023($Million)
6.5.3. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.5.4. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.5. Germany
6.5.5.1. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.5.5.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.6. France
6.5.6.1. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.5.6.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.7. UK
6.5.7.1. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.5.7.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.8. Italy
6.5.8.1. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.5.8.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.9. Spain
6.5.9.1. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.5.9.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.10. Rest of Europe
6.5.10.1. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.5.10.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6. Asia-Pacific
6.6.1. Asia-Pacific Condensing Steam Turbine Sales and Growth Rate (2017-2017)
6.6.2. Market Assessment and Forecast, By Country, 2017-2023($Million)
6.6.3. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.6.4. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.5. Japan
6.6.5.1. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.6.5.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.6. China
6.6.6.1. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.6.6.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.7. Australia
6.6.7.1. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.6.7.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.8. India
6.6.8.1. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.6.8.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.9. South Korea
6.6.9.1. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.6.9.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.10. Rest of Asia-Pacific
6.6.10.1. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.6.10.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7. Rest of the World
6.7.1. Rest of the World Condensing Steam Turbine Sales and Growth Rate (2017-2017)
6.7.2. Market Assessment and Forecast, By Country, 2017-2023($Million)
6.7.3. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.7.4. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.5. Brazil
6.7.5.1. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.7.5.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.6. Turkey
6.7.6.1. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.7.6.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.7. Saudi Arabia
6.7.7.1. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.7.7.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.8. South Africa
6.7.8.1. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.7.8.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.9. United Arab Emirates
6.7.9.1. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.7.9.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.10. Others
6.7.10.1. Market Assessment and Forecast, By Capacity, 2017-2023($Million)
6.7.10.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
7. Company Profiles
7.1. Dresser-Rand Group
7.1.1. Business Overview
7.1.2. Product Portfolio
7.1.3. Strategic Developments
7.1.4. Condensing Steam Turbine Sales, Revenue and Market Share
7.2. Siemens
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Strategic Developments
7.2.4. Condensing Steam Turbine Sales, Revenue and Market Share
7.3. Toshiba
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Strategic Developments
7.3.4. Condensing Steam Turbine Sales, Revenue and Market Share
7.4. Mitsubishi Heavy Industries Ltd
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Strategic Developments
7.4.4. Condensing Steam Turbine Sales, Revenue and Market Share
7.5. Ansaldo STS
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Strategic Developments
7.5.4. Condensing Steam Turbine Sales, Revenue and Market Share
7.6. General Electric
7.6.1. Business Overview
7.6.2. Product Portfolio
7.6.3. Strategic Developments
7.6.4. Condensing Steam Turbine Sales, Revenue and Market Share
7.7. Hitachi
7.7.1. Business Overview
7.7.2. Product Portfolio
7.7.3. Strategic Developments
7.7.4. Condensing Steam Turbine Sales, Revenue and Market Share
8. Global Condensing Steam Turbine Market Competition, by Manufacturer
8.1. Global Condensing Steam Turbine Sales and Market Share by Manufacturer (2017-2017)
8.2. Global Condensing Steam Turbine Revenue and Market Share by Manufacturer (2017-2017)
8.3. Top 5 Condensing Steam Turbine Manufacturer Market Share
8.4. Market Competition Trend
List of Tables and Figures
*You can glance through the list of Tables and Figures when you view the sample copy of Condensing Steam Turbine Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Data Collection Matrix |
Supply Side |
Demand Side |
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Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2025) |
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