Turbine Service Market Growth, Size, Trends Analysis- By Capacity, By End Use - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Description

Turbine Service Market Introduction and Overview

According to SPER market research, 'Global Turbine Service Market Size- By Capacity, By End Use - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Turbine Service Market is predicted to reach 22.53 Billion by 2034 with a CAGR 2.75%.

A steam turbine is a device that converts thermal energy from steam into mechanical energy, which can then be used to generate electricity or power machinery. The process involves high-pressure steam passing over blades attached to a rotor, causing the rotor to spin. This spinning motion drives a generator or other equipment. Steam turbines are commonly used in power plants for electricity generation and in combined heat and power (CHP) systems for industrial heating.

Restraints: The steam turbine market encounters various challenges that could impede its growth. A major hurdle is the high upfront cost of installation and maintenance, which can be a significant barrier for smaller power producers and industries. The increasing shift toward renewable energy sources, such as solar and wind, which do not require steam turbines, also poses a threat to market growth. Stricter environmental regulations aimed at reducing carbon emissions have contributed to a decline in coal-fired power plants, traditionally a key application for steam turbines.

Scope of the report:

Report Metric Details

Market size available for years 2021-2034

Base year considered 2024

Forecast period 2025-2034

Segments covered By Capacity, By End Use

Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa

Companies Covered Ansaldo Energia S.p.A, Bharat Heavy Electricals Limited, Doosan A koda Power, Elliot Group, Fuji Electric Co., Ltd., General Electric, Kawasaki Heavy Industries, Ltd., MAN Energy Solutions, Mitsubishi Power Ltd., Siemens Energy, Toshiba Corporation, and Trillium Flow Technologies.

Global Turbine Service Market Segmentation:

By Capacity: Based on the Capacity, Global Turbine Service Market is segmented as; Up to 150 MW, 151 to 300 MW, More than 300 MW.

By End-use: Based on the End-use, Global Turbine Service Market is segmented as; Power & Utility, Industrial.

By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.

Product Code: POAE2535

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER's internal database
- 2.1.4. Premium insight from KOL's
2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges

5. Market variable and outlook

5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
5.3. PORTER's Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Turbine Service Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Turbine Service Market

7. Global Turbine Service Market, By Capacity, (USD Million) 2021-2034

7.1. Up to 150 MW
7.2. 151 to 300 MW
7.3. More than 300 MW

8. Global Turbine Service Market, By End-use, (USD Million) 2021-2034

8.1. Power & Utility
8.2. Industrial

9. Global Turbine Service Market, (USD Million) 2021-2034

9.1. Global Turbine Service Market Size and Market Share

10. Global Turbine Service Market, By Region, 2021-2034 (USD Million)

10.1. Asia-Pacific
- 10.1.1. Australia
- 10.1.2. China
- 10.1.3. India
- 10.1.4. Japan
- 10.1.5. South Korea
- 10.1.6. Rest of Asia-Pacific
10.2. Europe
- 10.2.1. France
- 10.2.2. Germany
- 10.2.3. Italy
- 10.2.4. Spain
- 10.2.5. United Kingdom
- 10.2.6. Rest of Europe
10.3. Middle East and Africa
- 10.3.1. Kingdom of Saudi Arabia
- 10.3.2. United Arab Emirates
- 10.3.3. Qatar
- 10.3.4. South Africa
- 10.3.5. Egypt
- 10.3.6. Morocco
- 10.3.7. Nigeria
- 10.3.8. Rest of Middle-East and Africa
10.4. North America
- 10.4.1. Canada
- 10.4.2. Mexico
- 10.4.3. United States
10.5. Latin America
- 10.5.1. Argentina
- 10.5.2. Brazil
- 10.5.3. Rest of Latin America

11. Company Profile

11.1. Ansaldo Energia S.p.A
- 11.1.1. Company details
- 11.1.2. Financial outlook
- 11.1.3. Product summary
- 11.1.4. Recent developments
11.2. Bharat Heavy Electricals Limited
- 11.2.1. Company details
- 11.2.2. Financial outlook
- 11.2.3. Product summary
- 11.2.4. Recent developments
11.3. Doosan A koda Power
- 11.3.1. Company details
- 11.3.2. Financial outlook
- 11.3.3. Product summary
- 11.3.4. Recent developments
11.4. Elliot Group
- 11.4.1. Company details
- 11.4.2. Financial outlook
- 11.4.3. Product summary
- 11.4.4. Recent developments
11.5. Fuji Electric Co., Ltd.
- 11.5.1. Company details
- 11.5.2. Financial outlook
- 11.5.3. Product summary
- 11.5.4. Recent developments
11.6. General Electric
- 11.6.1. Company details
- 11.6.2. Financial outlook
- 11.6.3. Product summary
- 11.6.4. Recent developments
11.7. Kawasaki Heavy Industries, Ltd.
- 11.7.1. Company details
- 11.7.2. Financial outlook
- 11.7.3. Product summary
- 11.7.4. Recent developments
11.8. MAN Energy Solutions
- 11.8.1. Company details
- 11.8.2. Financial outlook
- 11.8.3. Product summary
- 11.8.4. Recent developments
11.9. Mitsubishi Power Ltd.
- 11.9.1. Company details
- 11.9.2. Financial outlook
- 11.9.3. Product summary
- 11.9.4. Recent developments
11.10. Siemens Energy
- 11.10.1. Company details
- 11.10.2. Financial outlook
- 11.10.3. Product summary
- 11.10.4. Recent developments
11.11. Toshiba Corporation
- 11.11.1. Company details
- 11.11.2. Financial outlook
- 11.11.3. Product summary
- 11.11.4. Recent developments
11.12. Trillium Flow Technologies
- 11.12.1. Company details
- 11.12.2. Financial outlook
- 11.12.3. Product summary
- 11.12.4. Recent developments
11.13. Others