Steam Turbine Market Size, Share, Growth Analysis, By Capacity(Up to 150 MW, 151 to 300 MW, and more than 300 MW), By End-use(Power & Utility, and Industrial), By Region - Industry Forecast 2025-2032

The rise of globalization is a key to market rivalry, and international trade is a vital component of long-term growth. The majority of the firms have formed joint ventures with a variety of customers and vendors in various nations across the world, which helps them raise their market shares, lower their costs, and get access to new markets.

As part of their strategy, well-known industry players in the steam turbine market are focused on many important planned assets such as product customization, the development of innovative product lines, and inorganic growth initiatives. Additionally, market participants are giving services for upgradation and maintenance in order to acquire a competitive advantage above other market players.

Steam Turbine Market Top Player’s Company Profiles

• General Electric Company

• Siemens AG

• Mitsubishi Hitachi Power Systems, Ltd.

• Toshiba Energy Systems & Solutions Corporation

• Ansaldo Energia S.p.A.

• Bharat Heavy Electricals Limited (BHEL)

• Doosan Škoda Power

• Harbin Electric Corporation

• Dongfang Electric Corporation Limited

• Elliott Group

• MAN Energy Solutions SE

• Shanghai Electric Group Co., Ltd.

• Fuji Electric Co., Ltd.

• Hangzhou Steam Turbine Co., Ltd.

• Power Machines

• Turboden S.p.A.

• Triveni Turbine Limited

• Fuji Electric India Pvt. Ltd.

• Shin Nippon Machinery Co., Ltd.

• Peter Brotherhood Ltd

Steam Turbine Market