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The future of the global steam turbine market looks good with opportunities in coal-fired, gas-fired, and nuclear energy based power generation. The global steam turbine market for power generation is expected to reach an estimated $33.8 billion by 2024 with a CAGR of 5.7% from 2019 to 2024. The major drivers for growth of this market are growing global electricity demand and relatively lower cost of electricity generation by steam turbine.

 
Emerging trend, which has a direct impact on the dynamics of the steam turbine market for power generation industry, include development of more efficient turbines. 
 
A total of 126 figures / charts and 76 tables are provided in this 162 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this steam turbine market for power generation report, download the report brochure.

Steam Turbine Market by Segments

Steam Turbine Market Trends and Forecast

Steam Turbine Market Share
The study includes the steam turbine market for power generation market size and forecast for growth opportunities in the global steam turbine market for power generation through 2024, segmented by plant fuel, turbine size, by thermal power plant type, and region as follows:
 
Steam Turbine Market for Power Generation by plant fuel [Volume (GW) and Value ($ billion) from 2019 to 2024]:
  • Coal
  • Gas
  • Nuclear
Steam Turbine Market for Power Generation by turbine size [Volume (GW) and Value ($ billion) from 2019 to 2024]:
  • Less than 300 MW
  • 300 MW to 599 MW
  • 600 MW and above
Steam Turbine Market for Power Generation by thermal power plant type [Volume (GW) and Value ($ billion) from 2019 to 2024]:
  • Steam Cycle
  • Combined Cycle
  • Cogeneration
Steam Turbine Market for Power Generation by region [Volume (GW) and Value ($ billion) from 2019 to 2024]:
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
Some of the steam turbine market for power generation companies profiled in this report include Shanghai Electric Group, Dongfang Turbine Co Ltd., Harbin Turbine Co. Ltd., Siemens, BHEL, General Electric, and Toshiba and others.
 
On the basis of comprehensive research, Lucintel forecasts that steam turbine used in coal based power generation is expected to remain the largest segment. Abundance in the availability of coal and lower cost of generating electricity through coal-fired power plants is likely to drive this segment over the forecast period. Steam turbines used in nuclear energy based electricity generation is expected to witness highest growth during the forecast period. 
 
By turbine size, the ‘600 MW and above’ turbine is expected to remain the largest segment and is also expected to witness highest growth during the forecast period. High efficiency as compared to smaller turbines is driving growth of this segment over the forecast period.
 
Asia Pacific is expected to remain the largest market and is likely to witness the highest growth over the forecast period due to growing energy requirement at domestic and industrial level and increasing installation of coal, nuclear and combine cycle power generation facilities.

Some of the features of this report:
  • Market size estimates: Global steam turbine for power generation market size estimation in terms of value ($B) and volume (GW) shipment.
  • Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by application, and end use industry.
  • Segmentation analysis: Global steam turbine for power generation market size by various applications such as plant fuel, turbine size, and thermal power plant segment in terms of value and volume shipment.
  • Regional analysis: Global steam turbine for power generation market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions for power generation in the global steam turbine market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape for power generation in the global steam turbine market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 11 key questions:
 
Q.1.What are some of the most promising, high-growth opportunities for steam turbine market by plant fuel (coal, gas, and nuclear), turbine size (less than 300 MW, 300 MW to 599 MW, and 600 MW and above), by thermal power plant type (steam cycle, combined cycle, cogeneration) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2.Which segment will grow at a faster pace and why?
Q.3.Which region will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this steam turbine for power generation market?
Q.5.What are the business risks and competitive threats in this steam turbine for power generation market?
Q.6.What are emerging trends in this steam turbine for power generation market and reasons behind them?
Q.7.What are some of the changing demands of customers in the steam turbine for power generation market?
Q.8.What are the new developments in the steam turbine for power generation market and which companies are leading these developments?
Q.9.Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10. What are some of the competing products in this steam turbine for power generation market and how big of a threat do they pose for loss of market share by product substitution?
Q.11. What M & A activity has occurred in the last 5 years and what has its impact been on the steam turbine for power generation industry?
Table of Contents
 
 
1. Executive Summary
 
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2013 to 2024
3.1: Macroeconomic Trends and Forecast
3.2: Global Steam Turbine Market Trends and Forecast
3.3: Global Steam Turbine Market by Plant Fuel
3.3.1: Coal
3.3.2: Natural Gas
3.3.3: Nuclear
3.4: Global Steam Turbine Market by Capacity
3.4.1: Less than 300 MW
3.4.2: 300 MW to 599 MW
3.4.3: 600 MW and Above
3.5: Global Steam turbine Market by Technology
3.5.1: Steam Cycle
3.5.2: Combined Cycle
3.5.3: Cogeneration
 
4. Market Trends and Forecast Analysis by Region
4.1: Global Steam Turbine Market by Region
4.2: North American Steam Turbine Market
4.2.1: North American Steam turbine Market by Plant Fuel
4.3: European Steam turbine Market
4.3.1: European Steam turbine Market by Plant Fuel
4.4: APAC Steam Turbine Market
4.4.1: APAC Steam Turbine Market by Plant Fuel
4.5: ROW Steam Turbine Market
4.5.1: ROW Steam Turbine Market by Plant Fuel
 
5. Competitor Analysis
5.1: Product Portfolio Analysis of Steam Turbine Suppliers
5.2: Market Share Analysis
5.3: Geographical Reach
5.4: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunities Analysis
6.1.1: Growth Opportunities for Global Steam turbine Market
6.1.2: Growth Opportunities for Global Steam turbine Market by Region
6.1.3: Growth Opportunities for Global Steam Turbine Market by Capacity
6.1.4: Growth Opportunities for Global Steam Turbine Market by Technology
6.2: Emerging Trends in the Global Steam turbine Market
6.3: Strategic Analysis
6.3.1: Capacity Expansion in Steam turbine Market
6.3.2: Mergers, Acquisitions and Joint Ventures in Steam turbine Market
6.3.3: Technical Advancement
 
7. Company Profiles of Leading Players
7.1: Shanghai Electric
7.2: Dongfang Electric
7.3: Harbin Electric Corporation
7.4: General Electric
7.5: Siemens
7.6: Bharat Heavy Electricals
 
 
List of Figures
 
Chapter 2. Market Background and Classifications
Figure 2.1: Overview of Steam Turbine Power Plant Process
Figure 2.2: Steam Turbine Rotor
Figure 2.3: Steam Turbine Disc
Figure 2.4: Steam Turbine Blades
Figure 2.5: Steam Turbine Nozzle
Figure 2.6: Steam Turbine Bearing
Figure 2.7: Steam Turbine Couplings
Figure 2.8: Steam Turbine Seals
Figure 2.9: Steam Turbine Lubrication Systems
Figure 2.10: Steam Turbine Casing
Figure 2.11: Steam Turbine Shaft
Figure 2.12: Steam Chest in a Steam Turbine
Figure 2.13: Steam Turbine Governor or Control Valve
Figure 2.14: Key Applications of Steam Turbines by Plant Fuel Type
Figure 2.15: Supply Chain of the Steam Turbine Market for Power Generation
Figure 2.16: Major Drivers and Challenges for the Global Steam Turbine Market
 
Chapter 3. Market Trends and Forecast Analysis from 2013 to 2024
Figure 3.1: Trends of the Global GDP Growth Rate
Figure 3.2: Trends of the Global Population Growth Rate
Figure 3.3: Trends of the Global Inflation Rate
Figure 3.4: Trends of the Global Unemployment Rate
Figure 3.5: Trends of the Regional GDP Growth Rate
Figure 3.6: Trends of the Regional Population Growth Rate
Figure 3.7: Trends of the Regional Inflation Rate
Figure 3.8: Trends of the Regional Unemployment Rate
Figure 3.9: Regional Per Capita Income Trends
Figure 3.10: Age of Steam Turbines Operating in North America in 2018
Figure 3.11: Age of Steam Turbines Operating in Europe in 2018
Figure 3.12: Age of Steam Turbines Operating in APAC in 2018
Figure 3.13: Age of Steam Turbines Operating in ROW in 2018
Figure 3.15: Forecast for the Global GDP Growth Rate
Figure 3.16: Forecast for the Global Population Growth Rate
Figure 3.17: Forecast for the Global Inflation Rate
Figure 3.18: Forecast for the Global Unemployment Rate
Figure 3.19: Forecast for the Regional GDP Growth Rate
Figure 3.20: Forecast for the Regional Population Growth Rat
Figure 3.21: Forecast for the Regional Inflation Rate
Figure 3.22: Forecast for the Regional Unemployment Rate
Figure 3.23: Forecast for Regional Per Capita Income
Figure 3.25: Trends and Forecast for the Global Steam Turbine MRO Market (2013-2024)
Figure 3.26: Trends of the Global Steam Turbine MRO Market ($B) by Type of Service (2013-2018)
Figure 3.27: Forecast for the Global Steam Turbine MRO Market ($B) by Type of Service (2019-2024)
Figure 3.28: Trends and Forecast for the Global Steam Turbine MRO Maintenance Market (2013-2024)
Figure 3.29: Trends of the Global Steam Turbine MRO Maintenance Market ($B) by Region (2013-2018)
Figure 3.30: Forecast for the Global Steam Turbine MRO Maintenance Market ($B) by Region (2019-2024)
Figure 3.31: Trends and Forecast for the Global Steam Turbine MRO Repair Market (2013-2024)
Figure 3.32: Trends of the Global Steam Turbine MRO Repair Market ($B) by Region (2013-2018)
Figure 3.33: Forecast for the Global Steam Turbine MRO Repair Market ($B) by Region (2019-2024)
Figure 3.34: Trends and Forecast for the Global Steam Turbine MRO Overhaul Market (2013-2024)
Figure 3.35: Trends of the Global Steam Turbine MRO Overhaul Market ($B) by Region (2013-2018)
Figure 3.36: Forecast for the Global Steam Turbine MRO Overhaul Market ($B) by Region (2019-2024)
Figure 3.37: Trends of the Global Steam Turbine MRO Market ($B) by Type of Service Provider (2013-2018)
Figure 3.38: Forecast for the Global Steam Turbine MRO Market ($B) by Type of Service Provider (2019-2024)
Figure 3.39: Trends and Forecast for the Global Steam Turbine MRO OEM Market (2013-2024)
Figure 3.40: Trends and Forecast for the Global Steam Turbine MRO ISP Market (2013-2024)
Figure 3.41: Trends and Forecast for the Global Steam Turbine MRO In-House Market (2013-2024)
Figure 3.42: Trends of the Global Steam Turbine MRO Market ($B) by Plant Fuel (2013-2018)
Figure 3.43: Forecast for the Global Steam Turbine MRO Market ($B) by Plant fuel (2019-2024)
Figure 3.44: Trends and Forecast for the Global Steam Turbine MRO Market ($B) In Coal-Fired Power Plants (2013-2024)
Figure 3.45: Trends and Forecast for the Global Steam Turbine MRO Market ($B) In Natural Gas-Fired Power Plants (2013-2024)
Figure 3.46: Trends and Forecast for the Global Steam Turbine MRO Market ($B) In Nuclear Energy Based Power Plants (2013-2024)
Figure 3.47: Trends of the Global Steam Turbine MRO Market ($B) by Capacity (2013-2018)
Figure 3.48: Forecast for the Global Steam Turbine MRO Market ($B) by Capacity (2019-2024)
Figure 3.49: Trends and Forecast for the Less Than 300 MW Size Steam Turbine MRO Market ($B) (2013-2024)
Figure 3.50: Trends and Forecast for the 300 MW to 599 MW Size Steam Turbine MRO Market ($B) (2013-2024)
Figure 3.51: Trends and Forecast for the 600 MW and Above Size Steam Turbine MRO Market ($B) (2013-2024)
 
Chapter 4. Market Trends and Forecast Analysis by Region
Figure 4.1: Trends of the Global Steam Turbine MRO Market ($B) by Region (2013-2018)
Figure 4.2: Forecast for the Global Steam Turbine MRO Market ($B) by Region (2019-2024)
Figure 4.3: Trends and Forecast for the North American Steam Turbine MRO Market (2013-2024)
Figure 4.4: Trends of the North American Steam Turbine MRO Market ($B) by Type of Service (2013-2018)
Figure 4.5: Forecast for the North American Steam Turbine MRO Market ($B) by Type of Service (2019-2024)
Figure 4.6: Trends and Forecast for the Europe Steam Turbine MRO Market (2013-2024)
Figure 4.7: Trends of the European Steam Turbine MRO Market ($B) by Type of Service (2013-2018)
Figure 4.8: Forecast for the European Steam Turbine MRO Market ($B) by Type of Service (2019-2024)
Figure 4.9: Trends and Forecast of the APAC Steam Turbine MRO Market (2013-2024)
Figure 4.10: Trends of the APAC Steam Turbine MRO Market ($B) by Service Type (2013-2018)
Figure 4.11: Forecast for the APAC Steam Turbine MRO Market ($B) by Service Type (2019-2024)
Figure 4.12: Trends and Forecast for the ROW Steam Turbine MRO Market (2013-2024)
Figure 4.13: Trends of the ROW Steam Turbine MRO Market ($B) by Type of Service (2013-2018)
Figure 4.14: Forecast for the ROW Steam Turbine MRO Market ($B) by Type of Service (2019-2024)
 
Chapter 5. Competitor Analysis
Figure 5.1: Global Steam Turbine Market Share Analysis in 2018
Figure 5.2: Market Share Analysis of Top Five Steam Turbine Manufacturers in 2018
Figure 5.3: Headquarter Locations of Major Steam Turbine Manufacturers
Figure 5.4: Porter’s Five Forces Analysis of the Global Steam Turbine Market
 
Chapter 6. Growth Opportunities and Strategic Analysis
Figure 6.1: Growth Opportunities for the Global Steam Turbine Market by Plant Fuel
Figure 6.2: Growth Opportunities for the Global Steam Turbine Market by Region
Figure 6.3: Growth Opportunities for the Global Steam Turbine Market by Capacity
Figure 6.4: Growth Opportunities for the Global Steam Turbine Market by Technology
Figure 6.5: Emerging Trends in the Global Steam Turbine Market 
Figure 6.6: Strategic Initiatives by Major Competitors in the Global Steam Turbine Market
Figure 6.7: Capacity Building by Major Players in the Global Steam Turbine Market 
 
Chapter 7. Company Profiles of Leading Players
Figure 7.1: Major Plant Location of Shanghai Electric
Figure 7.2: Major Plant Location of Dongfang Electric
Figure 7.3: Major Plant Location of Harbin Electric
Figure 7.4: Major Plant Location of General Electric
Figure 7.5: Major Plant Location of Siemens
Figure 7.6: Major Plant Location of Bharat Heavy Electricals
 
 
List of Tables
 
Chapter 1. Executive Summary
Table 1.1: Global Steam Turbine Market Parameters and Attributes
 
Chapter 3. Market Trends and Forecast Analysis from 2013 to 2024
Table 3.1: Market Trends of the Global Steam Turbine MRO Market (2013-2018)
Table 3.2: Market Forecast for the Global Steam Turbine MRO Market (2019-2024)
Table 3.3: Market Size and CAGR of Various Types of Service in the Global Steam Turbine MRO Market by Value (2013-2018)
Table 3.4: Market Size and CAGR of Various Types of Service in the Global Steam Turbine MRO Market by Value (2019-2024)
Table 3.5: Trends of the Global Steam Turbine MRO Maintenance Market (2013-2018)
Table 3.6: Forecast for the Global Steam Turbine MRO Maintenance Market (2019-2024)
Table 3.7: Trends of the Global Steam Turbine MRO Maintenance Market ($B) by Region (2013-2018)
Table 3.8: Forecast for the Global Steam Turbine MRO Maintenance Market ($B) by Region (2019-2024)
Table 3.9: Trends of the Global Steam Turbine MRO Repair Market (2013-2018)
Table 3.10: Forecast for the Global Steam Turbine MRO Repair Market (2019-2024)
Table 3.11: Trends of the Global Steam Turbine MRO Repair Market ($B) by Region (2013-2018)
Table 3.12: Forecast for the Global Steam Turbine MRO Repair Market ($B) by Region (2019-2024)
Table 3.13: Trends of the Global Steam Turbine MRO Overhaul Market (2013-2018)
Table 3.14: Forecast for the Global Steam Turbine MRO Overhaul Market (2019-2024)
Table 3.15: Trends of the Global Steam Turbine MRO Overhaul Market ($B) by Region (2013-2018)
Table 3.16: Forecast for the Global Steam Turbine MRO Overhaul Market ($B) by Region (2019-2024)
Table 3.17: Market Size and CAGR of Various Types of Service Provider in the Global Steam Turbine MRO Market by Value (2013-2018)
Table 3.18: Market Size and CAGR of Various Types of Service Provider in the Global Steam Turbine MRO Market by Value (2019-2024)
Table 3.19: Trends of the Global Steam Turbine MRO OEM Market (2013-2018)
Table 3.20: Forecast for the Global Steam Turbine MRO OEM Market (2019-2024)
Table 3.21: Trends of the Global Steam Turbine MRO ISP Market (2013-2018)
Table 3.22: Forecast for the Global Steam Turbine MRO ISP Market (2019-2024)
Table 3.23: Trends of the Global Steam Turbine MRO In-House Market (2013-2018)
Table 3.24: Forecast for the Global Steam Turbine MRO In-House Market (2019-2024)
Table 3.25: Trends of the Global Steam Turbine MRO Market ($B) by Plant fuel (2013-2018)
Table 3.26: Forecast for the Global Steam Turbine MRO Market ($B) by Plant Fuel (2019-2024)
Table 3.27: Trends of the Global Steam Turbine MRO Market ($B) in Coal-Fired Power Plants (2013-2018)
Table 3.28: Forecast for the Global Steam Turbine MRO Market ($B) in Coal-Fired Power Plants (2019-2024)
Table 3.29: Trends of the Global Steam Turbine MRO Market ($B) in Natural Gas-Fired Power Plants (2013-2018)
Table 3.30: Forecast for the Global Steam Turbine MRO Market ($B) in Natural Gas-Fired Power Plants (2019-2024)
Table 3.31: Trends of the Global Steam Turbine MRO Market ($B) in Nuclear Energy Based Power Plants (2013-2018)
Table 3.32: Forecast for the Global Steam Turbine MRO Market ($B) in Nuclear Energy Based Power Plants (2019-2024)
Table 3.33: Trends of the Global Steam Turbine MRO Market ($B) by Capacity (2013-2018)
Table 3.34: Forecast for the Global Steam Turbine MRO Market ($B) by Capacity (2019-2024)
Table 3.35: Trends of the Less Than 300 MW Size Steam Turbine MRO Market (2013-2018)
Table 3.36: Forecast for the Less Than 300 MW Size Steam Turbine MRO Market (2019-2024)
Table 3.37: Trends of the 300 MW to 599 MW Size Steam Turbine MRO Market ($B) (2013-2018)
Table 3.38: Forecast for the 300 MW to 599 MW Size Steam Turbine MRO Market ($B) (2019-2024)
Table 3.39: Trends of the 600 MW and Above Size Steam Turbine MRO Market ($B) (2013-2018)
Table 3.40: Forecast for the 600 MW and Above Size Steam Turbine MRO Market ($B) (2019-2024)
 
Chapter 4. Market Trends and Forecast Analysis by Region
Table 4.1: Market Size and CAGR of Various Regions of the Global Steam Turbine MRO Market by Value (2013-2018)
Table 4.2: Market Size and CAGR of Various Regions of the Global Steam Turbine MRO Market by Value (2019-2024)
Table 4.3: Trends of the North American Steam Turbine MRO Market (2013-2018)
Table  4.4: Forecast for the North American Steam Turbine MRO Market (2019-2024)
Table 4.5: Trends of the North American in the Steam Turbine MRO Market by Type of Service (2013-2018)
Table 4.6: Forecast for the North American in the Steam Turbine MRO Market by Type of Service (2019-2024)
Table 4.7: Trends of the European Steam Turbine MRO Market (2013-2018)
Table  4.8: Forecast for the European Steam Turbine MRO Market (2019-2024)
Table 4.9: Trends of European in the Steam Turbine MRO Market by Type of Service (2013-2018)
Table 4.10: Market Forecast for European in the Steam Turbine MRO Market by Service Type (2019-2024)
Table 4.11: Market Trends of the APAC Steam Turbine MRO Market (2013-2018)
Table 4.12: Market Forecast of the APAC Steam Turbine MRO Market (2019-2024)
Table 4.13: Market Trends of APAC in the Steam Turbine MRO Market by Service Type (2013-2018)
Table 4.14: Market Forecast for APAC in the Steam Turbine MRO Market by Service Type (2019-2024)
Table 4.15: Trends of the ROW Steam Turbine MRO Market (2013-2018)
Table  4.16: Forecast for the ROW Steam Turbine MRO Market (2019-2024)
Table 4.17: Trends of the ROW in the Steam Turbine MRO Market by Type of Service (2013-2018)
Table 4.18: Forecast for the ROW in the Steam Turbine MRO Market by Type Service (2019-2024)
 
Chapter 5. Competitor Analysis
Table 5.1: Product Portfolio Analysis of Steam Turbine Manufacturers
Table 5.2: Rankings of Steam Turbine Suppliers Based on Revenue
 
Chapter 6. Growth Opportunities and Strategic Analysis
Table 6.1: Technological Advancement in the Global Steam Turbine Market in the Power Industry
 
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Full Report: Steam Turbine Market: Trends, Opportunities and Competitive Analysis Full Report $ 4,850
126 figures/charts and 76 tables are provided in this 162- page report
Chapter - 1: Executive Summary 5 $ 435
1. Executive Summary
Chapter - 2: Market Trends and Forecast Analysis 15 $ 218
2. Market Background and Classifications 
2.1 Introduction, Background, and Classifications 
2.2 Supply Chain 
2.3 Industry Drivers and Challenges
Chapter - 3: Market Trends and Forecast Analysis 62 $ 1,740
3. Market Trends and Forecast Analysis from 2012 to 2023 
3.1 Macroeconomic Trends and Forecast 
3.2 Global Steam Turbine Market Trends and Forecast 
3.3 Global Steam Turbine Market by Plant Fuel 
3.3.1 Coal 
3.3.2 Natural Gas 
3.3.3 Nuclear 
3.4 Global Steam Turbine Market by Capacity.
3.4.1 Less than 300 MW
3.4.2 300 MW to 599 MW
3.4.3 600 MW and Above
3.5 Global Steam turbine Market by Technology 
3.5.1 Steam Cycle
3.5.2 Combined Cycle
3.5.3 Cogeneration 
Chapter - 4: Regional Analysis 28 $ 2,248
4. Market Trends and Forecast Analysis by Region
4.1 Global Steam Turbine Market by Region 
4.2 North American Steam Turbine Market 
4.2.1 North American Steam turbine Market by Plant Fuel 
4.3 European Steam turbine Market 
4.3.1 European Steam turbine Market by Plant Fuel
4.4 APAC Steam Turbine Market
4.4.1 APAC Steam Turbine Market by Plant Fuel
4.5 ROW Steam Turbine Market 
4.5.1 ROW Steam Turbine Market by Plant Fuel
Chapter - 5: Competitor Analysis 7 $ 725
5. Competitor Analysis
5.1 Product Portfolio Analysis of Steam Turbine Suppliers 
5.2 Market Share Analysis
5.3 Geographical Reach 
5.4 Porter’s Five Forces Analysis
Chapter - 6: Growth Opportunities and Strategic Analysis 11 $ 870
6. Growth Opportunities and Strategic Analysis 
6.1 Growth Opportunities Analysis 
6.1.1 Growth Opportunities for Global Steam turbine Market 
6.1.2 Growth Opportunities for Global Steam turbine Market by Region 
6.1.3 Growth Opportunities for Global Steam Turbine Market by Capacity 
6.1.4 Growth Opportunities for Global Steam Turbine Market by Technology 
6.2 Emerging Trends in the Global Steam turbine Market
6.3 Strategic Analysis 
6.3.1 Capacity Expansion in Steam turbine Market 
6.3.2 Mergers, Acquisitions and Joint Ventures in Steam turbine Market 
6.3.3 Technical Advancement
Chapter - 7: Company Profiles of Leading Players 17 $ 508
7. Company Profiles of Leading Players
7.1 Shanghai Electric 
7.2 Dongfang Electric
7.3 Harbin Electric Corporation 
7.4 General Electric 
7.5 Siemens 
7.6 Bharat Heavy Electricals 
 Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the steam turbine for power generation market. The major steam turbine manufacturers are Allied Dynamics Corp., Power Plant Services, Sulzer Group, Doosan Heavy Industries, Skinner Power Turbines, Shanghai Electric, and Mitsubishi Heavy Industries, and others.
 
Below is a brief summary of the primary interviews that were conducted by job function for this report.

Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.

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