The global market for Steam Turbine-Driven Generator was valued at US$ 12220 million in the year 2024 and is projected to reach a revised size of US$ 17300 million by 2031, growing at a CAGR of 4.7% during the forecast period.
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.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Steam Turbine-Driven Generator, 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 Steam Turbine-Driven Generator.
The Steam Turbine-Driven Generator market size, estimations, and forecasts are provided in terms of output/shipments (Units) 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 Steam Turbine-Driven Generator 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 Steam Turbine-Driven Generator 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
GE
Elliott Group
Siemens
Mitsubishi Power
Harbin Electric
Toshiba America Energy Systems
Dresser-Rand
Shanghai Electric
Beijing BEIZHONG Turbo Generator
by Type
Above 300 MW
Below 300 MW
by Application
Power Generation
Industrial
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 Steam Turbine-Driven Generator manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Steam Turbine-Driven Generator 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 Steam Turbine-Driven Generator 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.
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1 Steam Turbine-Driven Generator Market Overview
1.1 Product Definition
1.2 Steam Turbine-Driven Generator by Type
1.2.1 Global Steam Turbine-Driven Generator Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Above 300 MW
1.2.3 Below 300 MW
1.3 Steam Turbine-Driven Generator by Application
1.3.1 Global Steam Turbine-Driven Generator Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Power Generation
1.3.3 Industrial
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Steam Turbine-Driven Generator Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Steam Turbine-Driven Generator Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Steam Turbine-Driven Generator Production Estimates and Forecasts (2020-2031)
1.4.4 Global Steam Turbine-Driven Generator Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Steam Turbine-Driven Generator Production Market Share by Manufacturers (2020-2025)
2.2 Global Steam Turbine-Driven Generator Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Steam Turbine-Driven Generator, Industry Ranking, 2023 VS 2024
2.4 Global Steam Turbine-Driven Generator Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Steam Turbine-Driven Generator Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Steam Turbine-Driven Generator, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Steam Turbine-Driven Generator, Product Offered and Application
2.8 Global Key Manufacturers of Steam Turbine-Driven Generator, Date of Enter into This Industry
2.9 Steam Turbine-Driven Generator Market Competitive Situation and Trends
2.9.1 Steam Turbine-Driven Generator Market Concentration Rate
2.9.2 Global 5 and 10 Largest Steam Turbine-Driven Generator Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Steam Turbine-Driven Generator Production by Region
3.1 Global Steam Turbine-Driven Generator Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Steam Turbine-Driven Generator Production Value by Region (2020-2031)
3.2.1 Global Steam Turbine-Driven Generator Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Steam Turbine-Driven Generator by Region (2026-2031)
3.3 Global Steam Turbine-Driven Generator Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Steam Turbine-Driven Generator Production Volume by Region (2020-2031)
3.4.1 Global Steam Turbine-Driven Generator Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Steam Turbine-Driven Generator by Region (2026-2031)
3.5 Global Steam Turbine-Driven Generator Market Price Analysis by Region (2020-2025)
3.6 Global Steam Turbine-Driven Generator Production and Value, Year-over-Year Growth
3.6.1 North America Steam Turbine-Driven Generator Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Steam Turbine-Driven Generator Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Steam Turbine-Driven Generator Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Steam Turbine-Driven Generator Production Value Estimates and Forecasts (2020-2031)
4 Steam Turbine-Driven Generator Consumption by Region
4.1 Global Steam Turbine-Driven Generator Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Steam Turbine-Driven Generator Consumption by Region (2020-2031)
4.2.1 Global Steam Turbine-Driven Generator Consumption by Region (2020-2025)
4.2.2 Global Steam Turbine-Driven Generator Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Steam Turbine-Driven Generator Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Steam Turbine-Driven Generator Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Steam Turbine-Driven Generator Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Steam Turbine-Driven Generator 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 Steam Turbine-Driven Generator Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Steam Turbine-Driven Generator 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 Steam Turbine-Driven Generator Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Steam Turbine-Driven Generator 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 Steam Turbine-Driven Generator Production by Type (2020-2031)
5.1.1 Global Steam Turbine-Driven Generator Production by Type (2020-2025)
5.1.2 Global Steam Turbine-Driven Generator Production by Type (2026-2031)
5.1.3 Global Steam Turbine-Driven Generator Production Market Share by Type (2020-2031)
5.2 Global Steam Turbine-Driven Generator Production Value by Type (2020-2031)
5.2.1 Global Steam Turbine-Driven Generator Production Value by Type (2020-2025)
5.2.2 Global Steam Turbine-Driven Generator Production Value by Type (2026-2031)
5.2.3 Global Steam Turbine-Driven Generator Production Value Market Share by Type (2020-2031)
5.3 Global Steam Turbine-Driven Generator Price by Type (2020-2031)
6 Segment by Application
6.1 Global Steam Turbine-Driven Generator Production by Application (2020-2031)
6.1.1 Global Steam Turbine-Driven Generator Production by Application (2020-2025)
6.1.2 Global Steam Turbine-Driven Generator Production by Application (2026-2031)
6.1.3 Global Steam Turbine-Driven Generator Production Market Share by Application (2020-2031)
6.2 Global Steam Turbine-Driven Generator Production Value by Application (2020-2031)
6.2.1 Global Steam Turbine-Driven Generator Production Value by Application (2020-2025)
6.2.2 Global Steam Turbine-Driven Generator Production Value by Application (2026-2031)
6.2.3 Global Steam Turbine-Driven Generator Production Value Market Share by Application (2020-2031)
6.3 Global Steam Turbine-Driven Generator Price by Application (2020-2031)
7 Key Companies Profiled
7.1 GE
7.1.1 GE Steam Turbine-Driven Generator Company Information
7.1.2 GE Steam Turbine-Driven Generator Product Portfolio
7.1.3 GE Steam Turbine-Driven Generator Production, Value, Price and Gross Margin (2020-2025)
7.1.4 GE Main Business and Markets Served
7.1.5 GE Recent Developments/Updates
7.2 Elliott Group
7.2.1 Elliott Group Steam Turbine-Driven Generator Company Information
7.2.2 Elliott Group Steam Turbine-Driven Generator Product Portfolio
7.2.3 Elliott Group Steam Turbine-Driven Generator Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Elliott Group Main Business and Markets Served
7.2.5 Elliott Group Recent Developments/Updates
7.3 Siemens
7.3.1 Siemens Steam Turbine-Driven Generator Company Information
7.3.2 Siemens Steam Turbine-Driven Generator Product Portfolio
7.3.3 Siemens Steam Turbine-Driven Generator Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Siemens Main Business and Markets Served
7.3.5 Siemens Recent Developments/Updates
7.4 Mitsubishi Power
7.4.1 Mitsubishi Power Steam Turbine-Driven Generator Company Information
7.4.2 Mitsubishi Power Steam Turbine-Driven Generator Product Portfolio
7.4.3 Mitsubishi Power Steam Turbine-Driven Generator Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Mitsubishi Power Main Business and Markets Served
7.4.5 Mitsubishi Power Recent Developments/Updates
7.5 Harbin Electric
7.5.1 Harbin Electric Steam Turbine-Driven Generator Company Information
7.5.2 Harbin Electric Steam Turbine-Driven Generator Product Portfolio
7.5.3 Harbin Electric Steam Turbine-Driven Generator Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Harbin Electric Main Business and Markets Served
7.5.5 Harbin Electric Recent Developments/Updates
7.6 Toshiba America Energy Systems
7.6.1 Toshiba America Energy Systems Steam Turbine-Driven Generator Company Information
7.6.2 Toshiba America Energy Systems Steam Turbine-Driven Generator Product Portfolio
7.6.3 Toshiba America Energy Systems Steam Turbine-Driven Generator Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Toshiba America Energy Systems Main Business and Markets Served
7.6.5 Toshiba America Energy Systems Recent Developments/Updates
7.7 Dresser-Rand
7.7.1 Dresser-Rand Steam Turbine-Driven Generator Company Information
7.7.2 Dresser-Rand Steam Turbine-Driven Generator Product Portfolio
7.7.3 Dresser-Rand Steam Turbine-Driven Generator Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Dresser-Rand Main Business and Markets Served
7.7.5 Dresser-Rand Recent Developments/Updates
7.8 Shanghai Electric
7.8.1 Shanghai Electric Steam Turbine-Driven Generator Company Information
7.8.2 Shanghai Electric Steam Turbine-Driven Generator Product Portfolio
7.8.3 Shanghai Electric Steam Turbine-Driven Generator Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Shanghai Electric Main Business and Markets Served
7.8.5 Shanghai Electric Recent Developments/Updates
7.9 Beijing BEIZHONG Turbo Generator
7.9.1 Beijing BEIZHONG Turbo Generator Steam Turbine-Driven Generator Company Information
7.9.2 Beijing BEIZHONG Turbo Generator Steam Turbine-Driven Generator Product Portfolio
7.9.3 Beijing BEIZHONG Turbo Generator Steam Turbine-Driven Generator Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Beijing BEIZHONG Turbo Generator Main Business and Markets Served
7.9.5 Beijing BEIZHONG Turbo Generator Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Steam Turbine-Driven Generator Industry Chain Analysis
8.2 Steam Turbine-Driven Generator Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Steam Turbine-Driven Generator Production Mode & Process Analysis
8.4 Steam Turbine-Driven Generator Sales and Marketing
8.4.1 Steam Turbine-Driven Generator Sales Channels
8.4.2 Steam Turbine-Driven Generator Distributors
8.5 Steam Turbine-Driven Generator Customer Analysis
9 Steam Turbine-Driven Generator Market Dynamics
9.1 Steam Turbine-Driven Generator Industry Trends
9.2 Steam Turbine-Driven Generator Market Drivers
9.3 Steam Turbine-Driven Generator Market Challenges
9.4 Steam Turbine-Driven Generator 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
GE
Elliott Group
Siemens
Mitsubishi Power
Harbin Electric
Toshiba America Energy Systems
Dresser-Rand
Shanghai Electric
Beijing BEIZHONG Turbo Generator
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*If Applicable.