Global Steam Turbine-Driven Generator Market Growth 2025-2031

Publication ID:

LPI03257532

Publication Date:

March 27, 2025

Pages:

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Energy Trading & Marketing [2]

Electricity [3]

Energy & Utilities [4]

Description:

The global Steam Turbine-Driven Generator market size is predicted to grow from US$ 12860 million in 2025 to US$ 17090 million in 2031; it is expected to grow at a CAGR of 4.9% from 2025 to 2031.
A Steam Turbine-Driven Generator is a device that converts thermal energy from steam into mechanical energy through a steam turbine and subsequently transforms this mechanical energy into electrical energy using an electrical generator. It is a key component in power generation systems, commonly found in thermal power plants, nuclear power plants, and renewable geothermal plants.
The global market for steam turbine-driven generators is experiencing steady growth, driven by the increasing demand for electricity, industrial expansion, and the transition toward low-carbon energy systems. Thermal and nuclear power plants remain the dominant application areas, but the market is also expanding into renewable energy sectors such as biomass and geothermal.
Key Market Drivers
Growing Energy Demand: Rapid urbanization and industrialization are increasing global electricity consumption. Technological Advancements: Improved turbine and generator efficiencies enhance energy output and reliability. Shift Toward Cleaner Energy: Integration of steam turbines in renewable energy plants like geothermal and biomass facilities supports market growth. Infrastructure Upgrades: Retrofitting older power plants with modern turbine-generator systems to meet efficiency and environmental standards.
Market Challenges
High Initial Costs: The capital-intensive nature of steam turbine-driven generator systems limits adoption in smaller facilities. Competition from Alternative Technologies: The rise of renewable sources like wind and solar poses competition. Stringent Emission Regulations: Adherence to environmental standards can increase operational costs.
Market Opportunities
Expansion in Developing Countries: Growing energy demand in Asia, Africa, and South America drives new installations. Hybrid Systems: Integration of steam turbines with renewable systems like concentrated solar power (CSP) offers growth potential. Energy Storage Integration: Development of combined systems with advanced storage technologies enhances grid stability.
The 鈥淪team Turbine-Driven Generator Industry Forecast鈥� looks at past sales and reviews total world Steam Turbine-Driven Generator sales in 2024, providing a comprehensive analysis by region and market sector of projected Steam Turbine-Driven Generator sales for 2025 through 2031. With Steam Turbine-Driven Generator sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Steam Turbine-Driven Generator industry.
This Insight Report provides a comprehensive analysis of the global Steam Turbine-Driven Generator 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 Steam Turbine-Driven Generator portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Steam Turbine-Driven Generator market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Steam Turbine-Driven Generator 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 Steam Turbine-Driven Generator.
This report presents a comprehensive overview, market shares, and growth opportunities of Steam Turbine-Driven Generator market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Above 300 MW
Below 300 MW
Segmentation by Application:
Power Generation
Industrial
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.
GE
Elliott Group
Siemens
Mitsubishi Power
Harbin Electric
Toshiba America Energy Systems
Dresser-Rand
Shanghai Electric
Beijing BEIZHONG Turbo Generator
Key Questions Addressed in this Report
What is the 10-year outlook for the global Steam Turbine-Driven Generator market?
What factors are driving Steam Turbine-Driven Generator market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Steam Turbine-Driven Generator market opportunities vary by end market size?
How does Steam Turbine-Driven Generator break out by Type, by Application?

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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 Steam Turbine-Driven Generator Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Steam Turbine-Driven Generator by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Steam Turbine-Driven Generator by Country/Region, 2020, 2024 & 2031
2.2 Steam Turbine-Driven Generator Segment by Type
2.2.1 Above 300 MW
2.2.2 Below 300 MW
2.3 Steam Turbine-Driven Generator Sales by Type
2.3.1 Global Steam Turbine-Driven Generator Sales Market Share by Type (2020-2025)
2.3.2 Global Steam Turbine-Driven Generator Revenue and Market Share by Type (2020-2025)
2.3.3 Global Steam Turbine-Driven Generator Sale Price by Type (2020-2025)
2.4 Steam Turbine-Driven Generator Segment by Application
2.4.1 Power Generation
2.4.2 Industrial
2.4.3 Others
2.5 Steam Turbine-Driven Generator Sales by Application
2.5.1 Global Steam Turbine-Driven Generator Sale Market Share by Application (2020-2025)
2.5.2 Global Steam Turbine-Driven Generator Revenue and Market Share by Application (2020-2025)
2.5.3 Global Steam Turbine-Driven Generator Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Steam Turbine-Driven Generator Breakdown Data by Company
3.1.1 Global Steam Turbine-Driven Generator Annual Sales by Company (2020-2025)
3.1.2 Global Steam Turbine-Driven Generator Sales Market Share by Company (2020-2025)
3.2 Global Steam Turbine-Driven Generator Annual Revenue by Company (2020-2025)
3.2.1 Global Steam Turbine-Driven Generator Revenue by Company (2020-2025)
3.2.2 Global Steam Turbine-Driven Generator Revenue Market Share by Company (2020-2025)
3.3 Global Steam Turbine-Driven Generator Sale Price by Company
3.4 Key Manufacturers Steam Turbine-Driven Generator Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Steam Turbine-Driven Generator Product Location Distribution
3.4.2 Players Steam Turbine-Driven Generator 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 Steam Turbine-Driven Generator by Geographic Region
4.1 World Historic Steam Turbine-Driven Generator Market Size by Geographic Region (2020-2025)
4.1.1 Global Steam Turbine-Driven Generator Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Steam Turbine-Driven Generator Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Steam Turbine-Driven Generator Market Size by Country/Region (2020-2025)
4.2.1 Global Steam Turbine-Driven Generator Annual Sales by Country/Region (2020-2025)
4.2.2 Global Steam Turbine-Driven Generator Annual Revenue by Country/Region (2020-2025)
4.3 Americas Steam Turbine-Driven Generator Sales Growth
4.4 APAC Steam Turbine-Driven Generator Sales Growth
4.5 Europe Steam Turbine-Driven Generator Sales Growth
4.6 Middle East & Africa Steam Turbine-Driven Generator Sales Growth
5 Americas
5.1 Americas Steam Turbine-Driven Generator Sales by Country
5.1.1 Americas Steam Turbine-Driven Generator Sales by Country (2020-2025)
5.1.2 Americas Steam Turbine-Driven Generator Revenue by Country (2020-2025)
5.2 Americas Steam Turbine-Driven Generator Sales by Type (2020-2025)
5.3 Americas Steam Turbine-Driven Generator Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Steam Turbine-Driven Generator Sales by Region
6.1.1 APAC Steam Turbine-Driven Generator Sales by Region (2020-2025)
6.1.2 APAC Steam Turbine-Driven Generator Revenue by Region (2020-2025)
6.2 APAC Steam Turbine-Driven Generator Sales by Type (2020-2025)
6.3 APAC Steam Turbine-Driven Generator 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 Steam Turbine-Driven Generator by Country
7.1.1 Europe Steam Turbine-Driven Generator Sales by Country (2020-2025)
7.1.2 Europe Steam Turbine-Driven Generator Revenue by Country (2020-2025)
7.2 Europe Steam Turbine-Driven Generator Sales by Type (2020-2025)
7.3 Europe Steam Turbine-Driven Generator 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 Steam Turbine-Driven Generator by Country
8.1.1 Middle East & Africa Steam Turbine-Driven Generator Sales by Country (2020-2025)
8.1.2 Middle East & Africa Steam Turbine-Driven Generator Revenue by Country (2020-2025)
8.2 Middle East & Africa Steam Turbine-Driven Generator Sales by Type (2020-2025)
8.3 Middle East & Africa Steam Turbine-Driven Generator 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 Steam Turbine-Driven Generator
10.3 Manufacturing Process Analysis of Steam Turbine-Driven Generator
10.4 Industry Chain Structure of Steam Turbine-Driven Generator
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Steam Turbine-Driven Generator Distributors
11.3 Steam Turbine-Driven Generator Customer
12 World Forecast Review for Steam Turbine-Driven Generator by Geographic Region
12.1 Global Steam Turbine-Driven Generator Market Size Forecast by Region
12.1.1 Global Steam Turbine-Driven Generator Forecast by Region (2026-2031)
12.1.2 Global Steam Turbine-Driven Generator 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 Steam Turbine-Driven Generator Forecast by Type (2026-2031)
12.7 Global Steam Turbine-Driven Generator Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 GE
13.1.1 GE Company Information
13.1.2 GE Steam Turbine-Driven Generator Product Portfolios and Specifications
13.1.3 GE Steam Turbine-Driven Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 GE Main Business Overview
13.1.5 GE Latest Developments
13.2 Elliott Group
13.2.1 Elliott Group Company Information
13.2.2 Elliott Group Steam Turbine-Driven Generator Product Portfolios and Specifications
13.2.3 Elliott Group Steam Turbine-Driven Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Elliott Group Main Business Overview
13.2.5 Elliott Group Latest Developments
13.3 Siemens
13.3.1 Siemens Company Information
13.3.2 Siemens Steam Turbine-Driven Generator Product Portfolios and Specifications
13.3.3 Siemens Steam Turbine-Driven Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Siemens Main Business Overview
13.3.5 Siemens Latest Developments
13.4 Mitsubishi Power
13.4.1 Mitsubishi Power Company Information
13.4.2 Mitsubishi Power Steam Turbine-Driven Generator Product Portfolios and Specifications
13.4.3 Mitsubishi Power Steam Turbine-Driven Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Mitsubishi Power Main Business Overview
13.4.5 Mitsubishi Power Latest Developments
13.5 Harbin Electric
13.5.1 Harbin Electric Company Information
13.5.2 Harbin Electric Steam Turbine-Driven Generator Product Portfolios and Specifications
13.5.3 Harbin Electric Steam Turbine-Driven Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Harbin Electric Main Business Overview
13.5.5 Harbin Electric Latest Developments
13.6 Toshiba America Energy Systems
13.6.1 Toshiba America Energy Systems Company Information
13.6.2 Toshiba America Energy Systems Steam Turbine-Driven Generator Product Portfolios and Specifications
13.6.3 Toshiba America Energy Systems Steam Turbine-Driven Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Toshiba America Energy Systems Main Business Overview
13.6.5 Toshiba America Energy Systems Latest Developments
13.7 Dresser-Rand
13.7.1 Dresser-Rand Company Information
13.7.2 Dresser-Rand Steam Turbine-Driven Generator Product Portfolios and Specifications
13.7.3 Dresser-Rand Steam Turbine-Driven Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Dresser-Rand Main Business Overview
13.7.5 Dresser-Rand Latest Developments
13.8 Shanghai Electric
13.8.1 Shanghai Electric Company Information
13.8.2 Shanghai Electric Steam Turbine-Driven Generator Product Portfolios and Specifications
13.8.3 Shanghai Electric Steam Turbine-Driven Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Shanghai Electric Main Business Overview
13.8.5 Shanghai Electric Latest Developments
13.9 Beijing BEIZHONG Turbo Generator
13.9.1 Beijing BEIZHONG Turbo Generator Company Information
13.9.2 Beijing BEIZHONG Turbo Generator Steam Turbine-Driven Generator Product Portfolios and Specifications
13.9.3 Beijing BEIZHONG Turbo Generator Steam Turbine-Driven Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Beijing BEIZHONG Turbo Generator Main Business Overview
13.9.5 Beijing BEIZHONG Turbo Generator Latest Developments
14 Research Findings and Conclusion

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