Global API Condensing Steam Turbine Market Growth 2025-2031

Publication ID:

LPI03257605

Publication Date:

March 27, 2025

Pages:

112

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Manufacturers [2]

Machinery [3]

Industry & Manufacturing [4]

Description:

The global API Condensing Steam Turbine market size is predicted to grow from US$ 2110 million in 2025 to US$ 2642 million in 2031; it is expected to grow at a CAGR of 3.8% from 2025 to 2031.
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.
The 鈥淎PI Condensing Steam Turbine Industry Forecast鈥� looks at past sales and reviews total world API Condensing Steam Turbine sales in 2024, providing a comprehensive analysis by region and market sector of projected API Condensing Steam Turbine sales for 2025 through 2031. With API Condensing Steam Turbine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world API Condensing Steam Turbine industry.
This Insight Report provides a comprehensive analysis of the global API Condensing Steam Turbine landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on API Condensing Steam Turbine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global API Condensing Steam Turbine market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for API Condensing Steam Turbine and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global API Condensing Steam Turbine.
This report presents a comprehensive overview, market shares, and growth opportunities of API Condensing Steam Turbine market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
API 611 General Purpose Steam Turbine
API 612 Special Purpose Steam Turbine
Segmentation by Application:
Oil and Gas
Chemical
Power Generation
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global API Condensing Steam Turbine market?
What factors are driving API Condensing Steam Turbine market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do API Condensing Steam Turbine market opportunities vary by end market size?
How does API Condensing Steam Turbine break out by Type, by Application?

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global API Condensing Steam Turbine Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for API Condensing Steam Turbine by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for API Condensing Steam Turbine by Country/Region, 2020, 2024 & 2031
2.2 API Condensing Steam Turbine Segment by Type
2.2.1 API 611 General Purpose Steam Turbine
2.2.2 API 612 Special Purpose Steam Turbine
2.3 API Condensing Steam Turbine Sales by Type
2.3.1 Global API Condensing Steam Turbine Sales Market Share by Type (2020-2025)
2.3.2 Global API Condensing Steam Turbine Revenue and Market Share by Type (2020-2025)
2.3.3 Global API Condensing Steam Turbine Sale Price by Type (2020-2025)
2.4 API Condensing Steam Turbine Segment by Application
2.4.1 Oil and Gas
2.4.2 Chemical
2.4.3 Power Generation
2.4.4 Others
2.5 API Condensing Steam Turbine Sales by Application
2.5.1 Global API Condensing Steam Turbine Sale Market Share by Application (2020-2025)
2.5.2 Global API Condensing Steam Turbine Revenue and Market Share by Application (2020-2025)
2.5.3 Global API Condensing Steam Turbine Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global API Condensing Steam Turbine Breakdown Data by Company
3.1.1 Global API Condensing Steam Turbine Annual Sales by Company (2020-2025)
3.1.2 Global API Condensing Steam Turbine Sales Market Share by Company (2020-2025)
3.2 Global API Condensing Steam Turbine Annual Revenue by Company (2020-2025)
3.2.1 Global API Condensing Steam Turbine Revenue by Company (2020-2025)
3.2.2 Global API Condensing Steam Turbine Revenue Market Share by Company (2020-2025)
3.3 Global API Condensing Steam Turbine Sale Price by Company
3.4 Key Manufacturers API Condensing Steam Turbine Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers API Condensing Steam Turbine Product Location Distribution
3.4.2 Players API Condensing Steam Turbine Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for API Condensing Steam Turbine by Geographic Region
4.1 World Historic API Condensing Steam Turbine Market Size by Geographic Region (2020-2025)
4.1.1 Global API Condensing Steam Turbine Annual Sales by Geographic Region (2020-2025)
4.1.2 Global API Condensing Steam Turbine Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic API Condensing Steam Turbine Market Size by Country/Region (2020-2025)
4.2.1 Global API Condensing Steam Turbine Annual Sales by Country/Region (2020-2025)
4.2.2 Global API Condensing Steam Turbine Annual Revenue by Country/Region (2020-2025)
4.3 Americas API Condensing Steam Turbine Sales Growth
4.4 APAC API Condensing Steam Turbine Sales Growth
4.5 Europe API Condensing Steam Turbine Sales Growth
4.6 Middle East & Africa API Condensing Steam Turbine Sales Growth
5 Americas
5.1 Americas API Condensing Steam Turbine Sales by Country
5.1.1 Americas API Condensing Steam Turbine Sales by Country (2020-2025)
5.1.2 Americas API Condensing Steam Turbine Revenue by Country (2020-2025)
5.2 Americas API Condensing Steam Turbine Sales by Type (2020-2025)
5.3 Americas API Condensing Steam Turbine Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC API Condensing Steam Turbine Sales by Region
6.1.1 APAC API Condensing Steam Turbine Sales by Region (2020-2025)
6.1.2 APAC API Condensing Steam Turbine Revenue by Region (2020-2025)
6.2 APAC API Condensing Steam Turbine Sales by Type (2020-2025)
6.3 APAC API Condensing Steam Turbine Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe API Condensing Steam Turbine by Country
7.1.1 Europe API Condensing Steam Turbine Sales by Country (2020-2025)
7.1.2 Europe API Condensing Steam Turbine Revenue by Country (2020-2025)
7.2 Europe API Condensing Steam Turbine Sales by Type (2020-2025)
7.3 Europe API Condensing Steam Turbine Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa API Condensing Steam Turbine by Country
8.1.1 Middle East & Africa API Condensing Steam Turbine Sales by Country (2020-2025)
8.1.2 Middle East & Africa API Condensing Steam Turbine Revenue by Country (2020-2025)
8.2 Middle East & Africa API Condensing Steam Turbine Sales by Type (2020-2025)
8.3 Middle East & Africa API Condensing Steam Turbine Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of API Condensing Steam Turbine
10.3 Manufacturing Process Analysis of API Condensing Steam Turbine
10.4 Industry Chain Structure of API Condensing Steam Turbine
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 API Condensing Steam Turbine Distributors
11.3 API Condensing Steam Turbine Customer
12 World Forecast Review for API Condensing Steam Turbine by Geographic Region
12.1 Global API Condensing Steam Turbine Market Size Forecast by Region
12.1.1 Global API Condensing Steam Turbine Forecast by Region (2026-2031)
12.1.2 Global API Condensing Steam Turbine Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global API Condensing Steam Turbine Forecast by Type (2026-2031)
12.7 Global API Condensing Steam Turbine Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Siemens
13.1.1 Siemens Company Information
13.1.2 Siemens API Condensing Steam Turbine Product Portfolios and Specifications
13.1.3 Siemens API Condensing Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Siemens Main Business Overview
13.1.5 Siemens Latest Developments
13.2 General Electric
13.2.1 General Electric Company Information
13.2.2 General Electric API Condensing Steam Turbine Product Portfolios and Specifications
13.2.3 General Electric API Condensing Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 General Electric Main Business Overview
13.2.5 General Electric Latest Developments
13.3 Shanghai Electric
13.3.1 Shanghai Electric Company Information
13.3.2 Shanghai Electric API Condensing Steam Turbine Product Portfolios and Specifications
13.3.3 Shanghai Electric API Condensing Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Shanghai Electric Main Business Overview
13.3.5 Shanghai Electric Latest Developments
13.4 Dongfang Turbine
13.4.1 Dongfang Turbine Company Information
13.4.2 Dongfang Turbine API Condensing Steam Turbine Product Portfolios and Specifications
13.4.3 Dongfang Turbine API Condensing Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Dongfang Turbine Main Business Overview
13.4.5 Dongfang Turbine Latest Developments
13.5 Hangzhou Steam Turbine(HTC)
13.5.1 Hangzhou Steam Turbine(HTC) Company Information
13.5.2 Hangzhou Steam Turbine(HTC) API Condensing Steam Turbine Product Portfolios and Specifications
13.5.3 Hangzhou Steam Turbine(HTC) API Condensing Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Hangzhou Steam Turbine(HTC) Main Business Overview
13.5.5 Hangzhou Steam Turbine(HTC) Latest Developments
13.6 MAN Energy Solutions
13.6.1 MAN Energy Solutions Company Information
13.6.2 MAN Energy Solutions API Condensing Steam Turbine Product Portfolios and Specifications
13.6.3 MAN Energy Solutions API Condensing Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 MAN Energy Solutions Main Business Overview
13.6.5 MAN Energy Solutions Latest Developments
13.7 Kawasaki Heavy Industries
13.7.1 Kawasaki Heavy Industries Company Information
13.7.2 Kawasaki Heavy Industries API Condensing Steam Turbine Product Portfolios and Specifications
13.7.3 Kawasaki Heavy Industries API Condensing Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Kawasaki Heavy Industries Main Business Overview
13.7.5 Kawasaki Heavy Industries Latest Developments
13.8 Mitsubishi Power
13.8.1 Mitsubishi Power Company Information
13.8.2 Mitsubishi Power API Condensing Steam Turbine Product Portfolios and Specifications
13.8.3 Mitsubishi Power API Condensing Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Mitsubishi Power Main Business Overview
13.8.5 Mitsubishi Power Latest Developments
13.9 Ebara Elliott
13.9.1 Ebara Elliott Company Information
13.9.2 Ebara Elliott API Condensing Steam Turbine Product Portfolios and Specifications
13.9.3 Ebara Elliott API Condensing Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Ebara Elliott Main Business Overview
13.9.5 Ebara Elliott Latest Developments
13.10 Triveni Turbine
13.10.1 Triveni Turbine Company Information
13.10.2 Triveni Turbine API Condensing Steam Turbine Product Portfolios and Specifications
13.10.3 Triveni Turbine API Condensing Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Triveni Turbine Main Business Overview
13.10.5 Triveni Turbine Latest Developments
13.11 Kessels
13.11.1 Kessels Company Information
13.11.2 Kessels API Condensing Steam Turbine Product Portfolios and Specifications
13.11.3 Kessels API Condensing Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Kessels Main Business Overview
13.11.5 Kessels Latest Developments
13.12 KEPL
13.12.1 KEPL Company Information
13.12.2 KEPL API Condensing Steam Turbine Product Portfolios and Specifications
13.12.3 KEPL API Condensing Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 KEPL Main Business Overview
13.12.5 KEPL Latest Developments
13.13 CTMI
13.13.1 CTMI Company Information
13.13.2 CTMI API Condensing Steam Turbine Product Portfolios and Specifications
13.13.3 CTMI API Condensing Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 CTMI Main Business Overview
13.13.5 CTMI Latest Developments
13.14 Skinner Power Systems
13.14.1 Skinner Power Systems Company Information
13.14.2 Skinner Power Systems API Condensing Steam Turbine Product Portfolios and Specifications
13.14.3 Skinner Power Systems API Condensing Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 Skinner Power Systems Main Business Overview
13.14.5 Skinner Power Systems Latest Developments
14 Research Findings and Conclusion

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