Global Steam Turbine Market By End User
| Label | Total | COAL | Nuclear | Biomass | Others |
|---|---|---|---|---|---|
| 2018 | 15804.97 USD Mn | 9348.34 USD Mn | 1609.58 USD Mn | 1197.36 USD Mn | 3649.68 USD Mn |
| 2019 | 16165.46 USD Mn | 9416.32 USD Mn | 1681.92 USD Mn | 1248.91 USD Mn | 3818.3 USD Mn |
| 2020 | 15824.51 USD Mn | 9075.28 USD Mn | 1681.39 USD Mn | 1246.31 USD Mn | 3821.53 USD Mn |
| 2021 | 16142.44 USD Mn | 9112.04 USD Mn | 1750.88 USD Mn | 1295.57 USD Mn | 3983.94 USD Mn |
| 2022 | 16543.8 USD Mn | 9189.14 USD Mn | 1831.09 USD Mn | 1352.62 USD Mn | 4170.95 USD Mn |
| 2023 | 16969.27 USD Mn | 9271.88 USD Mn | 1915.87 USD Mn | 1412.88 USD Mn | 4368.64 USD Mn |
| 2024 | 17420.19 USD Mn | 9360.3 USD Mn | 2005.55 USD Mn | 1476.58 USD Mn | 4577.76 USD Mn |
| 2025 | 17897.98 USD Mn | 9454.44 USD Mn | 2100.47 USD Mn | 1543.96 USD Mn | 4799.12 USD Mn |
| 2026 | 18404.17 USD Mn | 9554.34 USD Mn | 2200.99 USD Mn | 1615.27 USD Mn | 5033.58 USD Mn |
| 2027 | 18940.4 USD Mn | 9660.03 USD Mn | 2307.51 USD Mn | 1690.79 USD Mn | 5282.08 USD Mn |
| 2028 | 19508.44 USD Mn | 9771.54 USD Mn | 2420.47 USD Mn | 1770.81 USD Mn | 5545.62 USD Mn |
| 2029 | 20110.19 USD Mn | 9888.91 USD Mn | 2540.32 USD Mn | 1855.66 USD Mn | 5825.3 USD Mn |
| 2030 | 20747.68 USD Mn | 10012.17 USD Mn | 2667.55 USD Mn | 1945.67 USD Mn | 6122.29 USD Mn |
Data Source: Wantstats Repository
Growth Outlook
- The Global Steam Turbine Market By Heat Source market is on a steady long-term growth path. Segment value stands at roughly USD 18404 Mn in 2026 and is projected to reach USD 20748 Mn by 2030 — a gain of about 13% over the forecast period, translating to a CAGR in the mid-single digits.
- What the regional split looks like (2026): COAL leads, holding roughly 52% of segment value — the single largest regional share. Others is the second-largest contributor. Nuclear and Biomass make up the remainder, in descending order.
- By 2030, COAL alone is expected to reach USD 10012 Mn, with Others at USD 6122 Mn.
Market Dynamics
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Global Steam Turbine Market By Rated Capacity
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Global Steam Turbine Market By TYPE
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