The global market for API Reaction Steam Turbine was valued at US$ 1816 million in the year 2024 and is projected to reach a revised size of US$ 2527 million by 2031, growing at a CAGR of 4.7% during the forecast period.
An API Reaction Steam Turbine is a type of steam turbine designed according to the American Petroleum Institute (API) standards, specifically for use in industrial applications where both steam pressure and temperature need to be converted into mechanical energy. Reaction turbines operate by utilizing the pressure drop across the turbine blades to extract energy, unlike impulse turbines that rely on high-speed steam impacting blades. In reaction turbines, steam undergoes both velocity and pressure changes within the blades, allowing for continuous power generation. These turbines are commonly used in oil, gas, and petrochemical industries, as well as in power plants.
The API Reaction Steam Turbine market is significant, driven by the need for reliable, high-efficiency turbines in power generation and industrial applications. As industries demand higher operational efficiency and sustainable energy solutions, reaction turbines, which are known for their reliability and efficiency, play a key role in meeting these needs.
Key Market Drivers
Increasing Energy Demand: Global industrialization and rising energy demands drive the adoption of efficient reaction turbines. API Standards: Compliance with stringent API standards enhances the reliability and safety of turbines, especially in the oil & gas sector. Cogeneration and Combined Heat and Power (CHP) Systems: Reaction turbines are often used in CHP systems, providing both electricity and heat. Sustainability Initiatives: The push for reducing carbon emissions and improving energy efficiency favors the adoption of reaction steam turbines, particularly in power plants and industrial cogeneration.
Market Restraints
Capital Cost: High upfront costs for installation and maintenance can deter smaller operations from adopting API-compliant turbines. Competition from Alternative Technologies: The growing adoption of renewable energy sources, like solar and wind, may affect the growth of traditional steam turbines.
Market Opportunities
Technological Advancements: Innovations in turbine materials, efficiency improvements, and digital control systems are expanding the capabilities and lifespan of reaction turbines. Emerging Markets: Rapid industrialization in developing countries, particularly in Asia-Pacific and the Middle East, presents significant opportunities for growth.
Report Scope
This report aims to provide a comprehensive presentation of the global market for API Reaction Steam Turbine, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding API Reaction Steam Turbine.
The API Reaction Steam Turbine market size, estimations, and forecasts are provided in terms of output/shipments (MW) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global API Reaction Steam Turbine market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the API Reaction Steam Turbine manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
by Type
API 611 General Purpose Steam Turbine
API 612 Special Purpose Steam Turbine
by Application
Oil and Gas
Chemical
Power Generation
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of API Reaction Steam Turbine manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of API Reaction Steam Turbine by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of API Reaction Steam Turbine in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 API Reaction Steam Turbine Market Overview
1.1 Product Definition
1.2 API Reaction Steam Turbine by Type
1.2.1 Global API Reaction Steam Turbine Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 API 611 General Purpose Steam Turbine
1.2.3 API 612 Special Purpose Steam Turbine
1.3 API Reaction Steam Turbine by Application
1.3.1 Global API Reaction Steam Turbine Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Oil and Gas
1.3.3 Chemical
1.3.4 Power Generation
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global API Reaction Steam Turbine Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global API Reaction Steam Turbine Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global API Reaction Steam Turbine Production Estimates and Forecasts (2020-2031)
1.4.4 Global API Reaction Steam Turbine Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global API Reaction Steam Turbine Production Market Share by Manufacturers (2020-2025)
2.2 Global API Reaction Steam Turbine Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of API Reaction Steam Turbine, Industry Ranking, 2023 VS 2024
2.4 Global API Reaction Steam Turbine Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global API Reaction Steam Turbine Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of API Reaction Steam Turbine, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of API Reaction Steam Turbine, Product Offered and Application
2.8 Global Key Manufacturers of API Reaction Steam Turbine, Date of Enter into This Industry
2.9 API Reaction Steam Turbine Market Competitive Situation and Trends
2.9.1 API Reaction Steam Turbine Market Concentration Rate
2.9.2 Global 5 and 10 Largest API Reaction Steam Turbine Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 API Reaction Steam Turbine Production by Region
3.1 Global API Reaction Steam Turbine Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global API Reaction Steam Turbine Production Value by Region (2020-2031)
3.2.1 Global API Reaction Steam Turbine Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of API Reaction Steam Turbine by Region (2026-2031)
3.3 Global API Reaction Steam Turbine Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global API Reaction Steam Turbine Production Volume by Region (2020-2031)
3.4.1 Global API Reaction Steam Turbine Production by Region (2020-2025)
3.4.2 Global Forecasted Production of API Reaction Steam Turbine by Region (2026-2031)
3.5 Global API Reaction Steam Turbine Market Price Analysis by Region (2020-2025)
3.6 Global API Reaction Steam Turbine Production and Value, Year-over-Year Growth
3.6.1 North America API Reaction Steam Turbine Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe API Reaction Steam Turbine Production Value Estimates and Forecasts (2020-2031)
3.6.3 China API Reaction Steam Turbine Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan API Reaction Steam Turbine Production Value Estimates and Forecasts (2020-2031)
4 API Reaction Steam Turbine Consumption by Region
4.1 Global API Reaction Steam Turbine Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global API Reaction Steam Turbine Consumption by Region (2020-2031)
4.2.1 Global API Reaction Steam Turbine Consumption by Region (2020-2025)
4.2.2 Global API Reaction Steam Turbine Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America API Reaction Steam Turbine Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America API Reaction Steam Turbine Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe API Reaction Steam Turbine Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe API Reaction Steam Turbine Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific API Reaction Steam Turbine Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific API Reaction Steam Turbine Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa API Reaction Steam Turbine Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa API Reaction Steam Turbine Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global API Reaction Steam Turbine Production by Type (2020-2031)
5.1.1 Global API Reaction Steam Turbine Production by Type (2020-2025)
5.1.2 Global API Reaction Steam Turbine Production by Type (2026-2031)
5.1.3 Global API Reaction Steam Turbine Production Market Share by Type (2020-2031)
5.2 Global API Reaction Steam Turbine Production Value by Type (2020-2031)
5.2.1 Global API Reaction Steam Turbine Production Value by Type (2020-2025)
5.2.2 Global API Reaction Steam Turbine Production Value by Type (2026-2031)
5.2.3 Global API Reaction Steam Turbine Production Value Market Share by Type (2020-2031)
5.3 Global API Reaction Steam Turbine Price by Type (2020-2031)
6 Segment by Application
6.1 Global API Reaction Steam Turbine Production by Application (2020-2031)
6.1.1 Global API Reaction Steam Turbine Production by Application (2020-2025)
6.1.2 Global API Reaction Steam Turbine Production by Application (2026-2031)
6.1.3 Global API Reaction Steam Turbine Production Market Share by Application (2020-2031)
6.2 Global API Reaction Steam Turbine Production Value by Application (2020-2031)
6.2.1 Global API Reaction Steam Turbine Production Value by Application (2020-2025)
6.2.2 Global API Reaction Steam Turbine Production Value by Application (2026-2031)
6.2.3 Global API Reaction Steam Turbine Production Value Market Share by Application (2020-2031)
6.3 Global API Reaction Steam Turbine Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Siemens
7.1.1 Siemens API Reaction Steam Turbine Company Information
7.1.2 Siemens API Reaction Steam Turbine Product Portfolio
7.1.3 Siemens API Reaction Steam Turbine Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Siemens Main Business and Markets Served
7.1.5 Siemens Recent Developments/Updates
7.2 General Electric
7.2.1 General Electric API Reaction Steam Turbine Company Information
7.2.2 General Electric API Reaction Steam Turbine Product Portfolio
7.2.3 General Electric API Reaction Steam Turbine Production, Value, Price and Gross Margin (2020-2025)
7.2.4 General Electric Main Business and Markets Served
7.2.5 General Electric Recent Developments/Updates
7.3 Shanghai Electric
7.3.1 Shanghai Electric API Reaction Steam Turbine Company Information
7.3.2 Shanghai Electric API Reaction Steam Turbine Product Portfolio
7.3.3 Shanghai Electric API Reaction Steam Turbine Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Shanghai Electric Main Business and Markets Served
7.3.5 Shanghai Electric Recent Developments/Updates
7.4 Dongfang Turbine
7.4.1 Dongfang Turbine API Reaction Steam Turbine Company Information
7.4.2 Dongfang Turbine API Reaction Steam Turbine Product Portfolio
7.4.3 Dongfang Turbine API Reaction Steam Turbine Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Dongfang Turbine Main Business and Markets Served
7.4.5 Dongfang Turbine Recent Developments/Updates
7.5 Hangzhou Steam Turbine(HTC)
7.5.1 Hangzhou Steam Turbine(HTC) API Reaction Steam Turbine Company Information
7.5.2 Hangzhou Steam Turbine(HTC) API Reaction Steam Turbine Product Portfolio
7.5.3 Hangzhou Steam Turbine(HTC) API Reaction Steam Turbine Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Hangzhou Steam Turbine(HTC) Main Business and Markets Served
7.5.5 Hangzhou Steam Turbine(HTC) Recent Developments/Updates
7.6 MAN Energy Solutions
7.6.1 MAN Energy Solutions API Reaction Steam Turbine Company Information
7.6.2 MAN Energy Solutions API Reaction Steam Turbine Product Portfolio
7.6.3 MAN Energy Solutions API Reaction Steam Turbine Production, Value, Price and Gross Margin (2020-2025)
7.6.4 MAN Energy Solutions Main Business and Markets Served
7.6.5 MAN Energy Solutions Recent Developments/Updates
7.7 Kawasaki Heavy Industries
7.7.1 Kawasaki Heavy Industries API Reaction Steam Turbine Company Information
7.7.2 Kawasaki Heavy Industries API Reaction Steam Turbine Product Portfolio
7.7.3 Kawasaki Heavy Industries API Reaction Steam Turbine Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Kawasaki Heavy Industries Main Business and Markets Served
7.7.5 Kawasaki Heavy Industries Recent Developments/Updates
7.8 Mitsubishi Power
7.8.1 Mitsubishi Power API Reaction Steam Turbine Company Information
7.8.2 Mitsubishi Power API Reaction Steam Turbine Product Portfolio
7.8.3 Mitsubishi Power API Reaction Steam Turbine Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Mitsubishi Power Main Business and Markets Served
7.8.5 Mitsubishi Power Recent Developments/Updates
7.9 Ebara Elliott
7.9.1 Ebara Elliott API Reaction Steam Turbine Company Information
7.9.2 Ebara Elliott API Reaction Steam Turbine Product Portfolio
7.9.3 Ebara Elliott API Reaction Steam Turbine Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Ebara Elliott Main Business and Markets Served
7.9.5 Ebara Elliott Recent Developments/Updates
7.10 Triveni Turbine
7.10.1 Triveni Turbine API Reaction Steam Turbine Company Information
7.10.2 Triveni Turbine API Reaction Steam Turbine Product Portfolio
7.10.3 Triveni Turbine API Reaction Steam Turbine Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Triveni Turbine Main Business and Markets Served
7.10.5 Triveni Turbine Recent Developments/Updates
7.11 Kessels
7.11.1 Kessels API Reaction Steam Turbine Company Information
7.11.2 Kessels API Reaction Steam Turbine Product Portfolio
7.11.3 Kessels API Reaction Steam Turbine Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Kessels Main Business and Markets Served
7.11.5 Kessels Recent Developments/Updates
7.12 KEPL
7.12.1 KEPL API Reaction Steam Turbine Company Information
7.12.2 KEPL API Reaction Steam Turbine Product Portfolio
7.12.3 KEPL API Reaction Steam Turbine Production, Value, Price and Gross Margin (2020-2025)
7.12.4 KEPL Main Business and Markets Served
7.12.5 KEPL Recent Developments/Updates
7.13 CTMI
7.13.1 CTMI API Reaction Steam Turbine Company Information
7.13.2 CTMI API Reaction Steam Turbine Product Portfolio
7.13.3 CTMI API Reaction Steam Turbine Production, Value, Price and Gross Margin (2020-2025)
7.13.4 CTMI Main Business and Markets Served
7.13.5 CTMI Recent Developments/Updates
7.14 Skinner Power Systems
7.14.1 Skinner Power Systems API Reaction Steam Turbine Company Information
7.14.2 Skinner Power Systems API Reaction Steam Turbine Product Portfolio
7.14.3 Skinner Power Systems API Reaction Steam Turbine Production, Value, Price and Gross Margin (2020-2025)
7.14.4 Skinner Power Systems Main Business and Markets Served
7.14.5 Skinner Power Systems Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 API Reaction Steam Turbine Industry Chain Analysis
8.2 API Reaction Steam Turbine Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 API Reaction Steam Turbine Production Mode & Process Analysis
8.4 API Reaction Steam Turbine Sales and Marketing
8.4.1 API Reaction Steam Turbine Sales Channels
8.4.2 API Reaction Steam Turbine Distributors
8.5 API Reaction Steam Turbine Customer Analysis
9 API Reaction Steam Turbine Market Dynamics
9.1 API Reaction Steam Turbine Industry Trends
9.2 API Reaction Steam Turbine Market Drivers
9.3 API Reaction Steam Turbine Market Challenges
9.4 API Reaction Steam Turbine Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 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.