Global Steam Turbine Market By End User
| Label | Total | Condensing | Noncondensing |
|---|---|---|---|
| 2018 | 15804.97 USD Mn | 9544.28 USD Mn | 6260.69 USD Mn |
| 2019 | 16165.46 USD Mn | 9818.13 USD Mn | 6347.33 USD Mn |
| 2020 | 15824.51 USD Mn | 9666.02 USD Mn | 6158.49 USD Mn |
| 2021 | 16142.44 USD Mn | 9916.29 USD Mn | 6226.15 USD Mn |
| 2022 | 16543.8 USD Mn | 10220.3 USD Mn | 6323.5 USD Mn |
| 2023 | 16969.27 USD Mn | 10542.08 USD Mn | 6427.19 USD Mn |
| 2024 | 17420.19 USD Mn | 10882.7 USD Mn | 6537.49 USD Mn |
| 2025 | 17897.98 USD Mn | 11243.33 USD Mn | 6654.65 USD Mn |
| 2026 | 18404.17 USD Mn | 11625.21 USD Mn | 6778.96 USD Mn |
| 2027 | 18940.4 USD Mn | 12029.68 USD Mn | 6910.72 USD Mn |
| 2028 | 19508.44 USD Mn | 12458.17 USD Mn | 7050.27 USD Mn |
| 2029 | 20110.19 USD Mn | 12912.24 USD Mn | 7197.94 USD Mn |
| 2030 | 20747.68 USD Mn | 13393.56 USD Mn | 7354.12 USD Mn |
Data Source: Wantstats Repository
Growth Outlook
- The Global Steam Turbine Market By TYPE 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): Condensing leads, holding roughly 63% of segment value — the single largest regional share. Noncondensing is the second-largest contributor.
- By 2030, Condensing alone is expected to reach USD 13394 Mn, with Noncondensing at USD 7354 Mn.
Market Dynamics
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