Asia Pacific Steam Turbine Market Size, Share & Industry Trends Analysis Report By Capacity (151 to 300 MW, Up to 150 MW and More than 300 MW), By End User, By Technology, By Design (Impulse and Reaction), By Country and Growth Forecast, 2022 - 2028

The Asia Pacific Steam Turbine Market would witness market growth of 3.7% CAGR during the forecast period (2022-2028).

Thermal coatings and superalloys with grain boundary and solid-solution strengthening are employed in blade designs to reduce creep. Protective coatings are used to prevent oxidation and lessen thermal damage. These coatings are frequently ceramics with stabilized zirconium dioxide bases. The nickel superalloy's exposure to temperature is restricted by the use of a thermal protective layer. This lessens the blade's experience with creep mechanisms.

To increase strength and creep resistance, titanium and aluminum are alloyed with nickel-based blades. These alloys' microstructure is made up of many compositional areas. Due to the blade's microstructure, a homogeneous distribution of the gamma-prime phase, which is composed of nickel, aluminum, and titanium, enhances its strength and creep resistance. To increase creep strength, refractory elements like rhenium and ruthenium can be introduced to the alloy. By reducing the dispersion of the gamma prime phase, the incorporation of these components keeps the fatigue strength, resistance, and creep resistance intact.

In China, partnership activities have been ongoing since 1994 to create and implement cutting-edge aerodynamic technologies for steam turbine flow paths. A new generation of after-loaded profiles, bowed and twisted nozzle blades, contoured sidewall nozzles for regulated stage, tandem cascade for short nozzle blades, and improved 3D flow patterns, among other critical components of the state-of-the-art technology, have all so far been produced. The flow route of the HP, IP, and LP parts (a total of 37 stages) of Chinese 200MW steam turbines have been successfully modernized using the design system outlined in Part 1 of this work and new technology. Field testing reveals that applying cutting-edge technology results in a 5% reduction in heat rate. The advancement in the steam turbine propels the growth of power generation which increases the growth of the market.

The China market dominated the Asia Pacific Steam Turbine Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,112.2 Million by 2028. The Japan market is exhibiting a CAGR of 3.1% during (2022 - 2028). Additionally, The India market would experience a CAGR of 4.4% during (2022 - 2028).

Based on Capacity, the market is segmented into 151 to 300 MW, Up to 150 MW and More than 300 MW. Based on End User, the market is segmented into Power Generation, Oil & Gas, Petrochemical and Others. Based on Technology, the market is segmented into Steam Cycle, Combined Cycle and Cogeneration. Based on Design, the market is segmented into Impulse and Reaction. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Worldwide Steam Turbine Market is Projected to reach USD 19.5 Billion by 2028, at a CAGR of 3.5%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co., Siemens AG, Toshiba Corporation, Elliott Group (Ebara Corporation), Mitsubishi Heavy Industries Ltd. (Mitsubishi Power, Ltd.), MAN Energy Solutions SE (Volkswagen Group), Fuji Electric Co., Ltd., Kawasaki Heavy Industries, Ltd., Chola Turbo Machinery International Pvt. Ltd., and Turbine Generator Maintenance, Inc.

Scope of the Study

Market Segments Covered in the Report:

By Capacity

• 151 to 300 MW
• Up to 150 MW
• More than 300 MW

By End User

• Power Generation
• Oil & Gas
• Petrochemical
• Others

By Technology

• Steam Cycle
• Combined Cycle
• Cogeneration

By Design

• Impulse
• Reaction

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

• General Electric (GE) Co.
• Siemens AG
• Toshiba Corporation
• Elliott Group (Ebara Corporation)
• Mitsubishi Heavy Industries Ltd. (Mitsubishi Power, Ltd.)
• MAN Energy Solutions SE (Volkswagen Group)
• Fuji Electric Co., Ltd.
• Kawasaki Heavy Industries, Ltd.
• Chola Turbo Machinery International Pvt. Ltd.
• Turbine Generator Maintenance, Inc.

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Steam Turbine Market, by Capacity
1.4.2 Asia Pacific Steam Turbine Market, by End User
1.4.3 Asia Pacific Steam Turbine Market, by Technology
1.4.4 Asia Pacific Steam Turbine Market, by Design
1.4.5 Asia Pacific Steam Turbine Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Asia Pacific Steam Turbine Market by Capacity
3.1 Asia Pacific 151 to 300 MW Market by Country
3.2 Asia Pacific Up to 150 MW Market by Country
3.3 Asia Pacific More than 300 MW Market by Country

Chapter 4. Asia Pacific Steam Turbine Market by End Use
4.1 Asia Pacific Power Generation Market by Country
4.2 Asia Pacific Oil & Gas Market by Country
4.3 Asia Pacific Petrochemical Market by Country
4.4 Asia Pacific Others Market by Country

Chapter 5. Asia Pacific Steam Turbine Market by Technology
5.1 Asia Pacific Steam Cycle Market by Country
5.2 Asia Pacific Combined Cycle Market by Country
5.3 Asia Pacific Cogeneration Market by Country

Chapter 6. Asia Pacific Steam Turbine Market by Design
6.1 Asia Pacific Impulse Market by Country
6.2 Asia Pacific Reaction Market by Country

Chapter 7. Asia Pacific Steam Turbine Market by Country
7.1 China Steam Turbine Market
7.1.1 China Steam Turbine Market by Capacity
7.1.2 China Steam Turbine Market by End Use
7.1.3 China Steam Turbine Market by Technology
7.1.4 China Steam Turbine Market by Design
7.2 Japan Steam Turbine Market
7.2.1 Japan Steam Turbine Market by Capacity
7.2.2 Japan Steam Turbine Market by End Use
7.2.3 Japan Steam Turbine Market by Technology
7.2.4 Japan Steam Turbine Market by Design
7.3 India Steam Turbine Market
7.3.1 India Steam Turbine Market by Capacity
7.3.2 India Steam Turbine Market by End Use
7.3.3 India Steam Turbine Market by Technology
7.3.4 India Steam Turbine Market by Design
7.4 South Korea Steam Turbine Market
7.4.1 South Korea Steam Turbine Market by Capacity
7.4.2 South Korea Steam Turbine Market by End Use
7.4.3 South Korea Steam Turbine Market by Technology
7.4.4 South Korea Steam Turbine Market by Design
7.5 Singapore Steam Turbine Market
7.5.1 Singapore Steam Turbine Market by Capacity
7.5.2 Singapore Steam Turbine Market by End Use
7.5.3 Singapore Steam Turbine Market by Technology
7.5.4 Singapore Steam Turbine Market by Design
7.6 Malaysia Steam Turbine Market
7.6.1 Malaysia Steam Turbine Market by Capacity
7.6.2 Malaysia Steam Turbine Market by End Use
7.6.3 Malaysia Steam Turbine Market by Technology
7.6.4 Malaysia Steam Turbine Market by Design
7.7 Rest of Asia Pacific Steam Turbine Market
7.7.1 Rest of Asia Pacific Steam Turbine Market by Capacity
7.7.2 Rest of Asia Pacific Steam Turbine Market by End Use
7.7.3 Rest of Asia Pacific Steam Turbine Market by Technology
7.7.4 Rest of Asia Pacific Steam Turbine Market by Design

Chapter 8. Company Profiles
8.1 General Electric (GE) Co.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.6 SWOT Analysis
8.2 Siemens AG
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Toshiba Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research and Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.6 SWOT Analysis
8.4 Elliott Group (Ebara Corporation)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Geographical Expansions:
8.5 Mitsubishi Heavy Industries Ltd. (Mitsubishi Power, Ltd.)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.6 MAN Energy Solutions SE (Volkswagen Group)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.7 Fuji Electric Co. Ltd.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.8 Kawasaki Heavy Industries, Ltd.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.9 Chola Turbo Machinery International Pvt. Ltd.
8.9.1 Company Overview
8.10. Turbine Generator Maintenance, Inc.
8.10.1 Company Overview

TABLE 1 Asia Pacific Steam Turbine Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Steam Turbine Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Steam Turbine Market by Capacity, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Steam Turbine Market by Capacity, 2022 - 2028, USD Million
TABLE 5 Asia Pacific 151 to 300 MW Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific 151 to 300 MW Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Up to 150 MW Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Up to 150 MW Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific More than 300 MW Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific More than 300 MW Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Steam Turbine Market by End Use, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Steam Turbine Market by End Use, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Power Generation Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Power Generation Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Petrochemical Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Petrochemical Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Steam Turbine Market by Technology, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Steam Turbine Market by Technology, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Steam Cycle Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Steam Cycle Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Combined Cycle Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Combined Cycle Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Cogeneration Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Cogeneration Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Steam Turbine Market by Design, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Steam Turbine Market by Design, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Impulse Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Impulse Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Reaction Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Reaction Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Steam Turbine Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Steam Turbine Market by Country, 2022 - 2028, USD Million
TABLE 37 China Steam Turbine Market, 2018 - 2021, USD Million
TABLE 38 China Steam Turbine Market, 2022 - 2028, USD Million
TABLE 39 China Steam Turbine Market by Capacity, 2018 - 2021, USD Million
TABLE 40 China Steam Turbine Market by Capacity, 2022 - 2028, USD Million
TABLE 41 China Steam Turbine Market by End Use, 2018 - 2021, USD Million
TABLE 42 China Steam Turbine Market by End Use, 2022 - 2028, USD Million
TABLE 43 China Steam Turbine Market by Technology, 2018 - 2021, USD Million
TABLE 44 China Steam Turbine Market by Technology, 2022 - 2028, USD Million
TABLE 45 China Steam Turbine Market by Design, 2018 - 2021, USD Million
TABLE 46 China Steam Turbine Market by Design, 2022 - 2028, USD Million
TABLE 47 Japan Steam Turbine Market, 2018 - 2021, USD Million
TABLE 48 Japan Steam Turbine Market, 2022 - 2028, USD Million
TABLE 49 Japan Steam Turbine Market by Capacity, 2018 - 2021, USD Million
TABLE 50 Japan Steam Turbine Market by Capacity, 2022 - 2028, USD Million
TABLE 51 Japan Steam Turbine Market by End Use, 2018 - 2021, USD Million
TABLE 52 Japan Steam Turbine Market by End Use, 2022 - 2028, USD Million
TABLE 53 Japan Steam Turbine Market by Technology, 2018 - 2021, USD Million
TABLE 54 Japan Steam Turbine Market by Technology, 2022 - 2028, USD Million
TABLE 55 Japan Steam Turbine Market by Design, 2018 - 2021, USD Million
TABLE 56 Japan Steam Turbine Market by Design, 2022 - 2028, USD Million
TABLE 57 India Steam Turbine Market, 2018 - 2021, USD Million
TABLE 58 India Steam Turbine Market, 2022 - 2028, USD Million
TABLE 59 India Steam Turbine Market by Capacity, 2018 - 2021, USD Million
TABLE 60 India Steam Turbine Market by Capacity, 2022 - 2028, USD Million
TABLE 61 India Steam Turbine Market by End Use, 2018 - 2021, USD Million
TABLE 62 India Steam Turbine Market by End Use, 2022 - 2028, USD Million
TABLE 63 India Steam Turbine Market by Technology, 2018 - 2021, USD Million
TABLE 64 India Steam Turbine Market by Technology, 2022 - 2028, USD Million
TABLE 65 India Steam Turbine Market by Design, 2018 - 2021, USD Million
TABLE 66 India Steam Turbine Market by Design, 2022 - 2028, USD Million
TABLE 67 South Korea Steam Turbine Market, 2018 - 2021, USD Million
TABLE 68 South Korea Steam Turbine Market, 2022 - 2028, USD Million
TABLE 69 South Korea Steam Turbine Market by Capacity, 2018 - 2021, USD Million
TABLE 70 South Korea Steam Turbine Market by Capacity, 2022 - 2028, USD Million
TABLE 71 South Korea Steam Turbine Market by End Use, 2018 - 2021, USD Million
TABLE 72 South Korea Steam Turbine Market by End Use, 2022 - 2028, USD Million
TABLE 73 South Korea Steam Turbine Market by Technology, 2018 - 2021, USD Million
TABLE 74 South Korea Steam Turbine Market by Technology, 2022 - 2028, USD Million
TABLE 75 South Korea Steam Turbine Market by Design, 2018 - 2021, USD Million
TABLE 76 South Korea Steam Turbine Market by Design, 2022 - 2028, USD Million
TABLE 77 Singapore Steam Turbine Market, 2018 - 2021, USD Million
TABLE 78 Singapore Steam Turbine Market, 2022 - 2028, USD Million
TABLE 79 Singapore Steam Turbine Market by Capacity, 2018 - 2021, USD Million
TABLE 80 Singapore Steam Turbine Market by Capacity, 2022 - 2028, USD Million
TABLE 81 Singapore Steam Turbine Market by End Use, 2018 - 2021, USD Million
TABLE 82 Singapore Steam Turbine Market by End Use, 2022 - 2028, USD Million
TABLE 83 Singapore Steam Turbine Market by Technology, 2018 - 2021, USD Million
TABLE 84 Singapore Steam Turbine Market by Technology, 2022 - 2028, USD Million
TABLE 85 Singapore Steam Turbine Market by Design, 2018 - 2021, USD Million
TABLE 86 Singapore Steam Turbine Market by Design, 2022 - 2028, USD Million
TABLE 87 Malaysia Steam Turbine Market, 2018 - 2021, USD Million
TABLE 88 Malaysia Steam Turbine Market, 2022 - 2028, USD Million
TABLE 89 Malaysia Steam Turbine Market by Capacity, 2018 - 2021, USD Million
TABLE 90 Malaysia Steam Turbine Market by Capacity, 2022 - 2028, USD Million
TABLE 91 Malaysia Steam Turbine Market by End Use, 2018 - 2021, USD Million
TABLE 92 Malaysia Steam Turbine Market by End Use, 2022 - 2028, USD Million
TABLE 93 Malaysia Steam Turbine Market by Technology, 2018 - 2021, USD Million
TABLE 94 Malaysia Steam Turbine Market by Technology, 2022 - 2028, USD Million
TABLE 95 Malaysia Steam Turbine Market by Design, 2018 - 2021, USD Million
TABLE 96 Malaysia Steam Turbine Market by Design, 2022 - 2028, USD Million
TABLE 97 Rest of Asia Pacific Steam Turbine Market, 2018 - 2021, USD Million
TABLE 98 Rest of Asia Pacific Steam Turbine Market, 2022 - 2028, USD Million
TABLE 99 Rest of Asia Pacific Steam Turbine Market by Capacity, 2018 - 2021, USD Million
TABLE 100 Rest of Asia Pacific Steam Turbine Market by Capacity, 2022 - 2028, USD Million
TABLE 101 Rest of Asia Pacific Steam Turbine Market by End Use, 2018 - 2021, USD Million
TABLE 102 Rest of Asia Pacific Steam Turbine Market by End Use, 2022 - 2028, USD Million
TABLE 103 Rest of Asia Pacific Steam Turbine Market by Technology, 2018 - 2021, USD Million
TABLE 104 Rest of Asia Pacific Steam Turbine Market by Technology, 2022 - 2028, USD Million
TABLE 105 Rest of Asia Pacific Steam Turbine Market by Design, 2018 - 2021, USD Million
TABLE 106 Rest of Asia Pacific Steam Turbine Market by Design, 2022 - 2028, USD Million
TABLE 107 KEY INFORMATION – GENERAL ELECTRIC (GE) CO.
TABLE 108 Key Information – Siemens AG
TABLE 109 Key Information – Toshiba Corporation
TABLE 110 Key Information – Elliott Group
TABLE 111 Key Information – Mitsubishi Heavy Industries Ltd.
TABLE 112 Key Information – MAN Energy Solutions SE
TABLE 113 Key Information – Fuji Electric Co., Ltd.
TABLE 114 Key Information – Kawasaki Heavy Industries, Ltd.
TABLE 115 Key Information – Chola Turbo Machinery International Pvt. Ltd.
TABLE 116 Key Information – Turbine Generator Maintenance, Inc.

List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: General electric (GE) Co.
FIG 3 Swot analysis: Siemens AG
FIG 4 SWOT Analysis: Toshiba Corporation