The global API Condensing Steam Turbine market size was valued at US$ 2123 million in 2024 and is forecast to a readjusted size of USD 2743 million by 2031 with a CAGR of 3.6% during review period.
An API Condensing Steam Turbine is a steam turbine designed in accordance with the API (American Petroleum Institute) standards, specifically tailored for applications where steam is completely condensed after it passes through the turbine blades. This type of turbine maximizes the energy extraction from steam by allowing it to expand and condense entirely to a liquid state at the exhaust. These turbines are most commonly used in power generation and industrial processes that require high efficiency and optimal energy conversion.
The market for API Condensing Steam Turbines is closely tied to industries that need highly efficient and reliable turbines to convert steam energy into mechanical or electrical power. The demand for these turbines is driven by the need for advanced, standardized equipment that can operate under extreme conditions while maintaining high performance and energy efficiency.
Market Drivers
Growing Energy Demand: Global increases in energy consumption, particularly in developing economies, push the demand for efficient power generation systems, including API condensing turbines. Emphasis on Efficiency: As industries seek to reduce operational costs and enhance efficiency, the adoption of condensing steam turbines is rising. Adherence to Standards: The API standards for performance, safety, and reliability make these turbines a preferred choice for industries where uptime and safety are critical, such as oil & gas, petrochemicals, and power plants.
Market Restraints
High Capital Cost: API-condensing turbines come with a high initial investment due to their advanced design and compliance with industry standards. Shift Toward Renewable Energy: The rise of renewable energy technologies such as wind and solar may reduce the demand for traditional steam turbines over time.
Market Opportunities
Technological Advancements: Innovations in turbine materials and digital control systems enhance the efficiency and operation of API condensing turbines, providing new growth opportunities. Emerging Markets: Rapid industrialization in regions like Asia-Pacific and Africa provides significant demand for reliable, high-efficiency turbines.
This report is a detailed and comprehensive analysis for global API Condensing Steam Turbine market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global API Condensing Steam Turbine market size and forecasts, in consumption value ($ Million), sales quantity (MW), and average selling prices (USD/KW), 2020-2031
Global API Condensing Steam Turbine market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MW), and average selling prices (USD/KW), 2020-2031
Global API Condensing Steam Turbine market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MW), and average selling prices (USD/KW), 2020-2031
Global API Condensing Steam Turbine market shares of main players, shipments in revenue ($ Million), sales quantity (MW), and ASP (USD/KW), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for API Condensing Steam Turbine
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global API Condensing Steam Turbine market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Siemens, General Electric, Shanghai Electric, Dongfang Turbine, Hangzhou Steam Turbine(HTC), MAN Energy Solutions, Kawasaki Heavy Industries, Mitsubishi Power, Ebara Elliott, Triveni Turbine, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
API Condensing Steam Turbine market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
API 611 General Purpose Steam Turbine
API 612 Special Purpose Steam Turbine
Market segment by Application
Oil and Gas
Chemical
Power Generation
Others
Major players covered
Siemens
General Electric
Shanghai Electric
Dongfang Turbine
Hangzhou Steam Turbine(HTC)
MAN Energy Solutions
Kawasaki Heavy Industries
Mitsubishi Power
Ebara Elliott
Triveni Turbine
Kessels
KEPL
CTMI
Skinner Power Systems
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe API Condensing Steam Turbine product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of API Condensing Steam Turbine, with price, sales quantity, revenue, and global market share of API Condensing Steam Turbine from 2020 to 2025.
Chapter 3, the API Condensing Steam Turbine competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the API Condensing Steam Turbine breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and API Condensing Steam Turbine market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of API Condensing Steam Turbine.
Chapter 14 and 15, to describe API Condensing Steam Turbine sales channel, distributors, customers, research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 Market Overview
1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global API Condensing Steam Turbine Consumption Value by Type: 2020 Versus 2024 Versus 2031
1.3.2 API 611 General Purpose Steam Turbine
1.3.3 API 612 Special Purpose Steam Turbine
1.4 Market Analysis by Application
1.4.1 Overview: Global API Condensing Steam Turbine Consumption Value by Application: 2020 Versus 2024 Versus 2031
1.4.2 Oil and Gas
1.4.3 Chemical
1.4.4 Power Generation
1.4.5 Others
1.5 Global API Condensing Steam Turbine Market Size & Forecast
1.5.1 Global API Condensing Steam Turbine Consumption Value (2020 & 2024 & 2031)
1.5.2 Global API Condensing Steam Turbine Sales Quantity (2020-2031)
1.5.3 Global API Condensing Steam Turbine Average Price (2020-2031)
2 Manufacturers Profiles
2.1 Siemens
2.1.1 Siemens Details
2.1.2 Siemens Major Business
2.1.3 Siemens API Condensing Steam Turbine Product and Services
2.1.4 Siemens API Condensing Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.1.5 Siemens Recent Developments/Updates
2.2 General Electric
2.2.1 General Electric Details
2.2.2 General Electric Major Business
2.2.3 General Electric API Condensing Steam Turbine Product and Services
2.2.4 General Electric API Condensing Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.2.5 General Electric Recent Developments/Updates
2.3 Shanghai Electric
2.3.1 Shanghai Electric Details
2.3.2 Shanghai Electric Major Business
2.3.3 Shanghai Electric API Condensing Steam Turbine Product and Services
2.3.4 Shanghai Electric API Condensing Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.3.5 Shanghai Electric Recent Developments/Updates
2.4 Dongfang Turbine
2.4.1 Dongfang Turbine Details
2.4.2 Dongfang Turbine Major Business
2.4.3 Dongfang Turbine API Condensing Steam Turbine Product and Services
2.4.4 Dongfang Turbine API Condensing Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.4.5 Dongfang Turbine Recent Developments/Updates
2.5 Hangzhou Steam Turbine(HTC)
2.5.1 Hangzhou Steam Turbine(HTC) Details
2.5.2 Hangzhou Steam Turbine(HTC) Major Business
2.5.3 Hangzhou Steam Turbine(HTC) API Condensing Steam Turbine Product and Services
2.5.4 Hangzhou Steam Turbine(HTC) API Condensing Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.5.5 Hangzhou Steam Turbine(HTC) Recent Developments/Updates
2.6 MAN Energy Solutions
2.6.1 MAN Energy Solutions Details
2.6.2 MAN Energy Solutions Major Business
2.6.3 MAN Energy Solutions API Condensing Steam Turbine Product and Services
2.6.4 MAN Energy Solutions API Condensing Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.6.5 MAN Energy Solutions Recent Developments/Updates
2.7 Kawasaki Heavy Industries
2.7.1 Kawasaki Heavy Industries Details
2.7.2 Kawasaki Heavy Industries Major Business
2.7.3 Kawasaki Heavy Industries API Condensing Steam Turbine Product and Services
2.7.4 Kawasaki Heavy Industries API Condensing Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.7.5 Kawasaki Heavy Industries Recent Developments/Updates
2.8 Mitsubishi Power
2.8.1 Mitsubishi Power Details
2.8.2 Mitsubishi Power Major Business
2.8.3 Mitsubishi Power API Condensing Steam Turbine Product and Services
2.8.4 Mitsubishi Power API Condensing Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.8.5 Mitsubishi Power Recent Developments/Updates
2.9 Ebara Elliott
2.9.1 Ebara Elliott Details
2.9.2 Ebara Elliott Major Business
2.9.3 Ebara Elliott API Condensing Steam Turbine Product and Services
2.9.4 Ebara Elliott API Condensing Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.9.5 Ebara Elliott Recent Developments/Updates
2.10 Triveni Turbine
2.10.1 Triveni Turbine Details
2.10.2 Triveni Turbine Major Business
2.10.3 Triveni Turbine API Condensing Steam Turbine Product and Services
2.10.4 Triveni Turbine API Condensing Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.10.5 Triveni Turbine Recent Developments/Updates
2.11 Kessels
2.11.1 Kessels Details
2.11.2 Kessels Major Business
2.11.3 Kessels API Condensing Steam Turbine Product and Services
2.11.4 Kessels API Condensing Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.11.5 Kessels Recent Developments/Updates
2.12 KEPL
2.12.1 KEPL Details
2.12.2 KEPL Major Business
2.12.3 KEPL API Condensing Steam Turbine Product and Services
2.12.4 KEPL API Condensing Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.12.5 KEPL Recent Developments/Updates
2.13 CTMI
2.13.1 CTMI Details
2.13.2 CTMI Major Business
2.13.3 CTMI API Condensing Steam Turbine Product and Services
2.13.4 CTMI API Condensing Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.13.5 CTMI Recent Developments/Updates
2.14 Skinner Power Systems
2.14.1 Skinner Power Systems Details
2.14.2 Skinner Power Systems Major Business
2.14.3 Skinner Power Systems API Condensing Steam Turbine Product and Services
2.14.4 Skinner Power Systems API Condensing Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.14.5 Skinner Power Systems Recent Developments/Updates
3 Competitive Environment: API Condensing Steam Turbine by Manufacturer
3.1 Global API Condensing Steam Turbine Sales Quantity by Manufacturer (2020-2025)
3.2 Global API Condensing Steam Turbine Revenue by Manufacturer (2020-2025)
3.3 Global API Condensing Steam Turbine Average Price by Manufacturer (2020-2025)
3.4 Market Share Analysis (2024)
3.4.1 Producer Shipments of API Condensing Steam Turbine by Manufacturer Revenue ($MM) and Market Share (%): 2024
3.4.2 Top 3 API Condensing Steam Turbine Manufacturer Market Share in 2024
3.4.3 Top 6 API Condensing Steam Turbine Manufacturer Market Share in 2024
3.5 API Condensing Steam Turbine Market: Overall Company Footprint Analysis
3.5.1 API Condensing Steam Turbine Market: Region Footprint
3.5.2 API Condensing Steam Turbine Market: Company Product Type Footprint
3.5.3 API Condensing Steam Turbine Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global API Condensing Steam Turbine Market Size by Region
4.1.1 Global API Condensing Steam Turbine Sales Quantity by Region (2020-2031)
4.1.2 Global API Condensing Steam Turbine Consumption Value by Region (2020-2031)
4.1.3 Global API Condensing Steam Turbine Average Price by Region (2020-2031)
4.2 North America API Condensing Steam Turbine Consumption Value (2020-2031)
4.3 Europe API Condensing Steam Turbine Consumption Value (2020-2031)
4.4 Asia-Pacific API Condensing Steam Turbine Consumption Value (2020-2031)
4.5 South America API Condensing Steam Turbine Consumption Value (2020-2031)
4.6 Middle East & Africa API Condensing Steam Turbine Consumption Value (2020-2031)
5 Market Segment by Type
5.1 Global API Condensing Steam Turbine Sales Quantity by Type (2020-2031)
5.2 Global API Condensing Steam Turbine Consumption Value by Type (2020-2031)
5.3 Global API Condensing Steam Turbine Average Price by Type (2020-2031)
6 Market Segment by Application
6.1 Global API Condensing Steam Turbine Sales Quantity by Application (2020-2031)
6.2 Global API Condensing Steam Turbine Consumption Value by Application (2020-2031)
6.3 Global API Condensing Steam Turbine Average Price by Application (2020-2031)
7 North America
7.1 North America API Condensing Steam Turbine Sales Quantity by Type (2020-2031)
7.2 North America API Condensing Steam Turbine Sales Quantity by Application (2020-2031)
7.3 North America API Condensing Steam Turbine Market Size by Country
7.3.1 North America API Condensing Steam Turbine Sales Quantity by Country (2020-2031)
7.3.2 North America API Condensing Steam Turbine Consumption Value by Country (2020-2031)
7.3.3 United States Market Size and Forecast (2020-2031)
7.3.4 Canada Market Size and Forecast (2020-2031)
7.3.5 Mexico Market Size and Forecast (2020-2031)
8 Europe
8.1 Europe API Condensing Steam Turbine Sales Quantity by Type (2020-2031)
8.2 Europe API Condensing Steam Turbine Sales Quantity by Application (2020-2031)
8.3 Europe API Condensing Steam Turbine Market Size by Country
8.3.1 Europe API Condensing Steam Turbine Sales Quantity by Country (2020-2031)
8.3.2 Europe API Condensing Steam Turbine Consumption Value by Country (2020-2031)
8.3.3 Germany Market Size and Forecast (2020-2031)
8.3.4 France Market Size and Forecast (2020-2031)
8.3.5 United Kingdom Market Size and Forecast (2020-2031)
8.3.6 Russia Market Size and Forecast (2020-2031)
8.3.7 Italy Market Size and Forecast (2020-2031)
9 Asia-Pacific
9.1 Asia-Pacific API Condensing Steam Turbine Sales Quantity by Type (2020-2031)
9.2 Asia-Pacific API Condensing Steam Turbine Sales Quantity by Application (2020-2031)
9.3 Asia-Pacific API Condensing Steam Turbine Market Size by Region
9.3.1 Asia-Pacific API Condensing Steam Turbine Sales Quantity by Region (2020-2031)
9.3.2 Asia-Pacific API Condensing Steam Turbine Consumption Value by Region (2020-2031)
9.3.3 China Market Size and Forecast (2020-2031)
9.3.4 Japan Market Size and Forecast (2020-2031)
9.3.5 South Korea Market Size and Forecast (2020-2031)
9.3.6 India Market Size and Forecast (2020-2031)
9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
9.3.8 Australia Market Size and Forecast (2020-2031)
10 South America
10.1 South America API Condensing Steam Turbine Sales Quantity by Type (2020-2031)
10.2 South America API Condensing Steam Turbine Sales Quantity by Application (2020-2031)
10.3 South America API Condensing Steam Turbine Market Size by Country
10.3.1 South America API Condensing Steam Turbine Sales Quantity by Country (2020-2031)
10.3.2 South America API Condensing Steam Turbine Consumption Value by Country (2020-2031)
10.3.3 Brazil Market Size and Forecast (2020-2031)
10.3.4 Argentina Market Size and Forecast (2020-2031)
11 Middle East & Africa
11.1 Middle East & Africa API Condensing Steam Turbine Sales Quantity by Type (2020-2031)
11.2 Middle East & Africa API Condensing Steam Turbine Sales Quantity by Application (2020-2031)
11.3 Middle East & Africa API Condensing Steam Turbine Market Size by Country
11.3.1 Middle East & Africa API Condensing Steam Turbine Sales Quantity by Country (2020-2031)
11.3.2 Middle East & Africa API Condensing Steam Turbine Consumption Value by Country (2020-2031)
11.3.3 Turkey Market Size and Forecast (2020-2031)
11.3.4 Egypt Market Size and Forecast (2020-2031)
11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
11.3.6 South Africa Market Size and Forecast (2020-2031)
12 Market Dynamics
12.1 API Condensing Steam Turbine Market Drivers
12.2 API Condensing Steam Turbine Market Restraints
12.3 API Condensing Steam Turbine Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of API Condensing Steam Turbine and Key Manufacturers
13.2 Manufacturing Costs Percentage of API Condensing Steam Turbine
13.3 API Condensing Steam Turbine Production Process
13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 API Condensing Steam Turbine Typical Distributors
14.3 API Condensing Steam Turbine Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
Siemens
General Electric
Shanghai Electric
Dongfang Turbine
Hangzhou Steam Turbine(HTC)
MAN Energy Solutions
Kawasaki Heavy Industries
Mitsubishi Power
Ebara Elliott
Triveni Turbine
Kessels
KEPL
CTMI
Skinner Power Systems
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*If Applicable.