Pro
Energy & Utilities
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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I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Global Steam Turbine Market By TYPE
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