Press release
Steam Turbine Market Analysis With top 20 Countries Data : Regional Growth Overview, Product Types, Application, Trends & Forecast From 2018-2025
In terms of production side, this report researches the Steam Turbine capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Steam Turbine by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
Steam Turbine is a device that extracts thermal energy from pressurized steam and uses it to do mechanical work on a rotating output shaft.
As for the North America steam turbine industry, the industry structure is relatively concentrated. The top three manufacturers have 75.07% revenue market share in 2015. The USA giant GE, which has 36.17% market share in 2015, is the leader in the North America steam turbine industry. The manufacturers following GE are Siemens and Elliott, which respectively has 34.57% and 8.24% market share in North America region.
The downstream industries of steam turbine products are industrial, power generation and marine. In the recent years, with the recovery of United States economic, the development of emerging country, such as Mexico, and the construction of factory, the consumption increase of steam turbine will be obvious. In the foreseeable future, the steam turbine products will show an optimistic upward trend.
Although sales of steam turbine products bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage, raw materials advantage and downstream support, do not enter into the steam turbine field hastily.
The Steam Turbine market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Steam Turbine.
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This report includes the following manufacturers; we can also add the other companies as you want.
GE
Siemens
Elliott
Toshiba
Mitsubishi Hitachi Power Systems
MAN
Market Segment by Product Type
Rated Power (200MW)
Market Segment by Application
Industrial
Marine
Power Generation
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