市場調查報告書
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1458140
全球蒸氣渦輪市場規模、佔有率和成長分析:按容量、最終用途 - 產業預測(2024-2031)Global Steam Turbine Market Size, Share, Growth Analysis, By Capacity(Up to 150 MW, 151 to 300 MW), By End-use(Power & Utility, and Industrial) - Industry Forecast 2024-2031 |
2022年全球蒸氣渦輪市場規模將為162.7億美元,從2023年的166.8億美元成長到2023年的166.8億美元,預測期內(2024-2031年)複合年成長率為2.5%,預計將成長至203.2億美元。
隨著核能發電廠運作的增加有助於緩解能源短缺,預計未來幾年對蒸氣渦輪機的需求將會增加。預計到 2022 年,美國將超過加拿大,成為北美最大的市場。蒸氣渦輪需求激增的主要因素之一是天然氣聯合循環發電廠的擴建,該發電廠以其可靠的能源供應而聞名。美國政策制定者正在積極推動建立永續能源生產設施,這將進一步刺激該國的蒸氣渦輪安裝。美國政府對培育節能和環境永續發電設施的重視也促進了熱電聯產(CHP)裝置的成長。北美對火力發電和供暖的需求不斷成長預計將在預測期內推動該地區的市場成長。在英國,政策制定者正在優先考慮減少碳排放和促進節能發電。因此,制定了嚴格的環境法規和排放標準並嚴格執行。蒸氣渦輪在工業環境中有著重要的應用,特別是在熱電聯產 (CHP) 裝置中。由於汽輪機零件短缺,新冠肺炎 (COVID-19) 大流行阻礙了蒸氣渦輪行業的全球成長,導致製造延誤和物流挑戰。因此,正在進行的蒸氣渦輪建設計劃陷入停滯,買家將資金轉移到解決與疫情相關的問題,導致渦輪機安裝訂單減少。蒸氣渦輪製造商正在利用數位工具來支援最終用戶正在進行的計劃,包括遵守社交距離準則和提供個人防護工具(PPE) 以確保安全。
Global steam turbine market size was valued at USD 16.27 Billion in 2022 and is poised to grow from USD 16.68 Billion in 2023 to USD 20.32 billion by 2031, at a CAGR 2.5% during the forecast period (2024-2031).
A rise in the commissioning of nuclear power plants is anticipated to address the energy deficit, leading to increased demand for steam-generating turbines in the coming years. By 2022, the United States is predicted to surpass Canada as the largest market in North America. One primary driver for the surge in steam turbine demand is the expansion of combined-cycle natural gas power plants in the country, renowned for their reliability in energy supply. Policymakers in the US are actively promoting the establishment of sustainable energy-producing facilities, which is poised to further stimulate steam turbine installations in the nation. The heightened governmental focus in the US on fostering energy-efficient and environmentally sustainable power generation facilities is also contributing to the rise in Combined Heat and Power (CHP) installations. The escalating demand for thermal power and heat in North America is expected to bolster market growth in the region throughout the forecast period. In the United Kingdom, policymakers are prioritizing efforts to reduce carbon emissions and promote energy-efficient electricity generation. Consequently, stringent environmental regulations and emission standards have been implemented and enforced rigorously. Steam turbines find significant application in industrial settings, particularly in Combined Heat and Power (CHP) units. The global growth of the steam turbine industry has been hindered by the COVID-19 pandemic due to shortages in turbine parts, resulting in manufacturing delays and logistical challenges. This has caused setbacks in ongoing steam turbine construction projects, with purchasers diverting finances to address pandemic-related issues, leading to a decline in turbine installation orders. Steam turbine manufacturers have taken additional measures to support end-users with ongoing projects, utilizing digital tools, adhering to social distancing guidelines, and providing Personal Protective Equipment (PPE) to ensure safety.
Top-down and bottom-up approaches were used to estimate and validate the size of the global Steam Turbine market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Steam Turbine Market Segmental Analysis
The global steam turbine market is segmented based on capacity, end user, and region. By capacity, the market is segmented into up to 150 MW, 151 to 300 MW, more than 300 MW. By end-use, the market is segmented into power & utility, and industrial. By region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Drivers of the Global Steam Turbine Market
The worldwide need for electricity is steadily increasing, driven by factors such as population growth, urbanization, and industrial expansion. Steam turbines are crucial components in power generation, especially in thermal power plants, where they excel in converting thermal energy into electrical power with high efficiency. This escalating demand for energy stands as a major catalyst for the growth of the steam turbine market.
Restraints in the Global Steam Turbine Market
The installation of steam turbines entails substantial capital investments, covering expenses for equipment, infrastructure, and installation. The considerable initial investment needed for steam turbine projects can pose a barrier, especially for small-scale power generation projects or initiatives in areas with restricted access to financing. The capital-intensive aspect of steam turbine installations has the potential to hinder market expansion.
Market Trends of the Global Steam Turbine Market
As countries worldwide aim to curb greenhouse gas emissions and combat climate change, there's a notable shift towards renewable energy sources. Steam turbines are pivotal in various renewable energy applications, including concentrated solar power (CSP), biomass, geothermal, and waste-to-energy plants. The rising adoption of these renewable energy sources is fueling demand for steam turbines in the market.