Steam and Gas Turbines Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Key Players and Forecast to 2030

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Published: March 20, 2026 Report Code: GDPE1108EMR-ST

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Steam and gas turbines market analysis: explore market size, capacity trends, key players, regional insights, and forecasts through 2030.

Understand the Future of Steam and Gas Turbines

Steam and gas turbines continue to play a critical role in global power generation and industrial energy infrastructure.

This report provides a comprehensive analysis of the global steam and gas turbines market, covering market size, installed capacity, generation trends, key players, and forecasts from 2021 to 2030.

It delivers detailed insight at global, regional, and country levels, helping businesses understand how the market is evolving across major energy economies.

Report Value Proposition – Why This Matters for You

As energy demand, infrastructure investment, and power generation strategies evolve, understanding turbine market dynamics is increasingly important.

You can use this report to:

  • Track market growth across steam and gas turbine segments
  • Analyse installed capacity and generation trends through 2030
  • Benchmark leading companies and market share positions
  • Identify major projects and country-level opportunities
  • Support strategic planning with historical and forecast analysis

The report combines market intelligence with detailed regional and country-specific insights.

Key Insights in the Steam & Gas Turbines Market

The report analyses both historical performance from 2021–2025 and forecast developments from 2026–2030 across the steam and gas turbines market.

It provides market analysis by value and capacity at global, regional, and country levels, including Asia-Pacific, the Americas, Europe, and the Middle East and Africa (EMEA).

Country-level coverage includes the US, China, India, South Korea, the UK, and Saudi Arabia, alongside analysis of key market drivers, restraints, and upcoming projects.

The report also highlights global market shares of leading players for 2024.

Scope

What You Will Learn

The report provides a detailed overview of the steam and gas turbines market, including:

  • Global market size, value, and installed capacity trends

  • Regional and country-level market analysis through 2030

  • Key player market shares and competitive positioning

  • Upcoming projects influencing market growth

  • Drivers and restraints impacting the sector

Target Buyers for This Report

This report is designed for professionals across the power and industrial sectors:

  • Power generation companies

  • Turbine manufacturers and suppliers

  • Infrastructure and energy investors

  • Strategy and market intelligence teams

If you are evaluating opportunities in power generation equipment and infrastructure, this report provides essential insight.

How Companies Use This Report

  • Power generation companies
    Track market developments and infrastructure trends

  • Equipment manufacturers and suppliers
    Identify growth opportunities and competitive positioning

  • Strategy and business development teams
    Support expansion and partnership planning

  • Investors and market analysts
    Assess long-term market potential and industry direction

This makes the report valuable for both operational and strategic decision-making.

Reasons to Buy

Analyse Regional and Country-Level Opportunities

Market activity and infrastructure investment vary significantly across regions.

This report enables you to:

  • Compare turbine market growth across global regions

  • Track installed capacity trends and generation developments

  • Identify major projects shaping country-level demand

  • Assess regional opportunities and competitive dynamics

As a result, you gain a clearer understanding of where future opportunities are emerging.

Built on Trusted Data and Expert Analysis

This report is supported by GlobalData’s proprietary databases, industry research, and expert analysis.

  • Combines historical and forecast market analysis

  • Includes regional, country-level, and project insights

  • Backed by primary and secondary research sources

So you can make decisions using structured, data-driven intelligence.

Act Now to Stay Ahead in the Turbine Market

Energy infrastructure investment and power generation demand continue to reshape the turbine market globally.

This report helps you understand market trends, identify regional growth opportunities, and benchmark competitive activity through 2030.

If you are planning strategy, investment, or expansion in the energy sector, now is the time to act.

Ansaldo Energia SpA
Baker Hughes Co
Dongfang Electric Corp Ltd
GE Vernova Inc
Harbin Electric Co Ltd
Mitsubishi Electric Corp
Mitsubishi Power Ltd
Mitsubishi Heavy Industries Ltd
Siemens AG
Shanghai Electric Corporation
Doosan Enerbility Co Ltd
Bharat Heavy Electricals Ltd
Triveni Turbine Ltd

Table of Contents

Table of Contents

1 Executive Summary

1.1 Global Gas Turbine Market Projected to Reach $11.5 Billion by 2030, Driven by Asia-Pacific Region

1.2 Global Steam Turbine Market Projected to Reach $11.9 Billion by 2030, Driven by Asia-Pacific Region

1.3 Asian OEMs at the Forefront of Global Steam and Gas Turbine Manufacturing

2 Introduction

2.1 Steam Turbine Overview

2.2 Gas Turbine Overview

2.3 Steam and Gas Turbines, GlobalData Report Guidance

3 Steam and Gas Turbines, Global

3.1 Steam and Gas Turbines, Global, Market Overview

3.2 Steam and Gas Turbines, Global, Market Size Analysis

3.2.1 Steam Turbine Market Size Analysis, Global 2021–2030

3.2.2 Gas Turbine Market Size Analysis, Global 2021–2030

3.3 Steam and Gas Turbines, Global, Market Share, 2024

3.3.1 Steam Turbine, Global, Market Share, 2024

3.3.2 Gas Turbine, Global, Market Share, 2024

4 Steam and Gas Turbines, Americas

4.1 Steam and Gas Turbines, Americas, Overview

4.2 Steam and Gas Turbines, Americas, Market Size Analysis

4.2.1 Steam Turbine Market Size Analysis, Americas, 2021–2030

4.2.2 Gas Turbine Market Size Analysis, Americas, 2021–2030

5 Steam and Gas Turbines, US

5.1 Thermal, US, Market Overview

5.2 Steam and Gas Turbines, US, Market Drivers and Restraints

5.2.1 Steam and Gas Turbines, US, Market Drivers

5.2.2 Steam and Gas Turbines, US, Market Restraints

5.3 Steam and Gas Turbines, US, Market Size Analysis

5.3.1 Steam Turbine Market Size Analysis, US, 2021–2030

5.3.2 Gas Turbine Market Size Analysis, US, 2021–2030

5.4 Steam and Gas Turbines, US, Major Upcoming Projects

6 Steam and Gas Turbines, APAC

6.1 Steam and Gas Turbines, APAC, Overview

6.2 Steam and Gas Turbines, APAC, Market Size Analysis

6.2.1 Steam Turbine Market Size Analysis, APAC, 2021–2030

6.2.2 Gas Turbine Market Size Analysis, APAC, 2021–2030

7 Steam and Gas Turbines, China

7.1 Thermal, China, Market Overview

7.2 Steam and Gas Turbines, China, Market Drivers and Restraints

7.2.1 Steam and Gas Turbines, China, Market Drivers

7.2.2 Steam and Gas Turbines, China, Market Restrains

7.3 Steam and Gas Turbines, China, Market Size Analysis

7.3.1 Steam Turbine Market Size Analysis, China, 2021–2030

7.3.2 Gas Turbine Market Size Analysis, China, 2021–2030

7.4 Steam and Gas Turbines, China, Major Upcoming Projects

8 Steam and Gas Turbines, India

8.1 Thermal, India, Market Overview

8.2 Steam and Gas Turbines, India, Market Drivers and Restraints

8.2.1 Steam and Gas Turbines, India, Market Drivers

8.2.2 Steam and Gas Turbines, India, Market Restrains

8.3 Steam and Gas Turbines, India, Market Size Analysis

8.3.1 Steam Turbine Market Size Analysis, India, 2021–2030

8.3.2 Gas Turbine Market Size Analysis, India, 2021–2030

8.4 Steam and Gas Turbines, India, Major Upcoming Projects

9 Steam and Gas Turbines, South Korea

9.1 Thermal, South Korea, Market Overview

9.2 Steam and Gas Turbines, South Korea, Market Drivers and Restraints

9.2.1 Steam and Gas Turbines, South Korea, Market Drivers

9.2.2 Steam and Gas Turbines, South Korea, Market Restrains

9.3 Steam and Gas Turbines, South Korea, Market Size Analysis

9.3.1 Steam Turbine Market Size Analysis, South Korea, 2021–2030

9.3.2 Gas Turbine Market Size Analysis, South Korea, 2021–2030

9.4 Steam and Gas Turbines, South Korea, Major Upcoming Projects

10 Steam and Gas Turbines, EMEA

10.1 Steam and Gas Turbines, EMEA, Overview

10.2 Steam and Gas Turbines, EMEA, Market Size Analysis

10.2.1 Steam Turbine Market Size Analysis, EMEA, 2021–2030

10.2.2 Gas Turbine Market Size Analysis, EMEA, 2021–2030

11 Steam and Gas Turbines, UK

11.1 Thermal, UK, Market Overview

11.2 Steam and Gas Turbines, UK, Market Drivers and Restraints

11.2.1 Steam and Gas Turbines, UK, Market Drivers

11.2.2 Steam and Gas Turbines, UK, Market Restrains

11.3 Steam and Gas Turbines, UK, Market Size Analysis

11.3.1 Steam Turbine Market Size Analysis, UK, 2021–2030

11.3.2 Gas Turbine Market Size Analysis, UK, 2021–2030

11.4 Steam and Gas Turbines, UK, Major Upcoming Projects

12 Steam and Gas Turbines, Saudi Arabia

12.1 Thermal, Saudi Arabia, Market Overview

12.2 Steam and Gas Turbines, Saudi Arabia, Market Drivers and Restraints

12.2.1 Steam and Gas Turbines, Saudi Arabia, Market Drivers

12.2.2 Steam and Gas Turbines, Saudi Arabia, Market Restrains

12.3 Steam and Gas Turbines, Saudi Arabia, Market Size Analysis

12.3.1 Steam Turbine Market Size Analysis, Saudi Arabia, 2021–2030

12.3.2 Gas Turbine Market Size Analysis, Saudi Arabia, 2021–2030

12.4 Steam and Gas Turbines, Saudi Arabia, Major Upcoming Projects

13 Appendix

13.1 Abbreviations

13.2 Research Methodology

13.2.1 Steam Turbine Market

13.2.2 Gas Turbine Market

13.3 Data Aggregation

About GlobalData

Contact Us

Table

Table 1: Steam Turbine Market Capacity (MW), Global, 2021–2030

Table 2: Steam Turbine Market Value ($M), Global, 2021–2030

Table 3: Gas Turbine Market Capacity (MW), Global, 2021–2030

Table 4: Gas Turbine Market Value ($M), Global, 2021–2030

Table 5: Steam Turbine, Global, Market Share, 2024

Table 6: Gas Turbine, Global, Market Share, 2024

Table 7: Steam Turbine Market Capacity (MW), Americas, 2021–2030

Table 8: Steam Turbine Market Value ($M), Americas, 2021–2030

Table 9: Gas Turbine Market Capacity (MW), Americas, 2021–2030

Table 10: Gas Turbine Market Value ($M), Americas, 2021–2030

Table 11: Steam Turbine Market Capacity (MW), US, 2021–2030

Table 12: Steam Turbine Market Value ($M), US, 2021–2030

Table 13: Gas Turbine Market Capacity (MW), US, 2021–2030

Table 14: Gas Turbine Market Value ($M), US, 2021–2030

Table 15: Steam and Gas Turbines, US, Major Upcoming Projects

Table 16: Steam Turbine Market Capacity (MW), APAC, 2021–2030

Table 17: Steam Turbine Market Value ($M), APAC, 2021–2030

Table 18: Gas Turbine Market Capacity (MW), APAC, 2021–2030

Table 19: Gas Turbine Market Value ($M), APAC, 2021–2030

Table 20: Steam Turbine Market Capacity (MW), China, 2021–2030

Table 21: Steam Turbine Market Value ($M), China, 2021–2030

Table 22: Gas Turbine Market Capacity (MW), China, 2021–2030

Table 23: Gas Turbine Market Value ($M), China, 2021–2030

Table 24: Steam and Gas Turbines, China, Major Upcoming Projects

Table 25: Steam Turbine Market Capacity (MW), India, 2021–2030

Table 26: Steam Turbine Market Value ($M), India, 2021–2030

Table 27: Gas Turbine Market Capacity (MW), India, 2021–2030

Table 28: Gas Turbine Market Value ($M), India, 2021–2030

Table 29: Steam and Gas Turbines, India, Major Upcoming Projects

Table 30: Steam Turbine Market Capacity (MW), South Korea, 2021–2030

Table 31: Steam Turbine Market Value ($M), South Korea, 2021–2030

Table 32: Gas Turbine Market Capacity (MW), South Korea, 2021–2030

Table 33: Gas Turbine Market Value ($M), South Korea, 2021–2030

Table 34: Steam and Gas Turbines, South Korea, Major Upcoming Projects

Table 35: Steam Turbine Market Capacity (MW), EMEA, 2021–2030

Table 36: Steam Turbine Market Value ($M), EMEA, 2021–2030

Table 37: Gas Turbine Market Capacity (MW), EMEA, 2021–2030

Table 38: Gas Turbine Market Value ($M), EMEA, 2021–2030

Table 39: Steam Turbine Market Capacity (MW), UK, 2021–2030

Table 40: Steam Turbine Market Value ($M), UK, 2021–2030

Table 41: Gas Turbine Market Capacity (MW), UK, 2021–2030

Table 42: Gas Turbine Market Value ($M), UK, 2021–2030

Table 43: Steam and Gas Turbines, UK, Major Upcoming Projects

Table 44: Steam Turbine Market Capacity (MW), Saudi Arabia, 2021–2030

Table 45: Steam Turbine Market Value ($M), Saudi Arabia, 2021–2030

Table 46: Gas Turbine Market Capacity (MW), Saudi Arabia, 2021–2030

Table 47: Gas Turbine Market Value ($M), Saudi Arabia, 2021–2030

Table 48: Steam and Gas Turbines, Saudi Arabia, Major Upcoming Projects

Table 49: Abbreviations

Figures

Figure 1: Gas Turbines, Regional Market Value ($B), 2021, 2025, and 2030

Figure 2: Steam Turbines, Regional Market Value ($B), 2021, 2025, and 2030

Figure 3: Steam and Gas Turbines, Coal-Fired Power Plant Working Model Using Steam Turbines

Figure 4: Steam and Gas Turbines, Open-Cycle Gas Turbine Electric Power Generation

Figure 5: Steam and Gas Turbines, Combined-Cycle Gas Turbine Electric Power Generation

Figure 6: Steam Turbine Market Capacity (MW), Global, 2021–2030

Figure 7: Steam Turbine Market Value ($M), Global, 2021–2030

Figure 8: Gas Turbine Market Capacity (MW), Global, 2021–2030

Figure 9: Gas Turbine Market Value ($M), Global, 2021–2030

Figure 10: Steam Turbine, Global, Market Share, 2024

Figure 11: Gas Turbine, Global, Market Share, 2024

Figure 12: Steam Turbine Market Capacity (MW), Americas, 2021–2030

Figure 13: Steam Turbine Market Value ($M), Americas, 2021–2030

Figure 14: Gas Turbine Market Capacity (MW), Americas, 2021–2030

Figure 15: Gas Turbine Market Value ($M), Americas, 2021–2030

Figure 16: Cumulative Installed Capacity by Fuel Sources (%), US, 2025 and 2030

Figure 17: Steam Turbine Market Capacity (MW), US, 2021–2030

Figure 18: Steam Turbine Market Value ($M), US, 2021–2030

Figure 19: Gas Turbine Market Capacity (MW), US, 2021–2030

Figure 20: Gas Turbine Market Value ($M), US, 2021–2030

Figure 21: Steam Turbine Market Capacity (MW), APAC, 2021–2030

Figure 22: Steam Turbine Market Value ($M), APAC, 2021–2030

Figure 23: Gas Turbine Market Capacity (MW), APAC, 2021–2030

Figure 24: Gas Turbine Market Value ($M), APAC, 2021–2030

Figure 25: Cumulative Installed Capacity by Fuel Sources (%), China, 2025 and 2030

Figure 26: Steam Turbine Market Capacity (MW), China, 2021–2030

Figure 27: Steam Turbine Market Value ($M), China, 2021–2030

Figure 28: Gas Turbine Market Capacity (MW), China, 2021–2030

Figure 29: Gas Turbine Market Value ($M), China, 2021–2030

Figure 30: Cumulative Installed Capacity by Fuel Sources (%), India, 2025 and 2030

Figure 31: Steam Turbine Market Capacity (MW), India, 2021–2030

Figure 32: Steam Turbine Market Value ($M), India, 2021–2030

Figure 33: Gas Turbine Market Capacity (MW), India, 2021–2030

Figure 34: Gas Turbine Market Value ($M), India, 2021–2030

Figure 35: Cumulative Installed Capacity by Fuel Sources (%), South Korea, 2025 and 2030

Figure 36: Steam Turbine Market Capacity (MW), South Korea, 2021–2030

Figure 37: Steam Turbine Market Value ($M), South Korea, 2021–2030

Figure 38: Gas Turbine Market Capacity (MW), South Korea, 2021–2030

Figure 39: Gas Turbine Market Value ($M), South Korea, 2021–2030

Figure 40: Steam Turbine Market Capacity (MW), EMEA, 2021–2030

Figure 41: Steam Turbine Market Value ($M), EMEA, 2021–2030

Figure 42: Gas Turbine Market Capacity (MW), EMEA, 2021–2030

Figure 43: Gas Turbine Market Value ($M), EMEA, 2021–2030

Figure 44: Cumulative Installed Capacity by Fuel Sources (%), UK, 2025 and 2030

Figure 45: Steam Turbine Market Capacity (MW), UK, 2021–2030

Figure 46: Steam Turbine Market Value ($M), UK, 2021–2030

Figure 47: Gas Turbine Market Capacity (MW), UK, 2021–2030

Figure 48: Gas Turbine Market Value ($M), UK, 2021–2030

Figure 49: Cumulative Installed Capacity by Fuel Sources (%), Saudi Arabia, 2025 and 2030

Figure 50: Steam Turbine Market Capacity (MW), Saudi Arabia, 2021–2030

Figure 51: Steam Turbine Market Value ($M), Saudi Arabia, 2021–2030

Figure 52: Gas Turbine Market Capacity (MW), Saudi Arabia, 2021–2030

Figure 53: Gas Turbine Market Value ($M), Saudi Arabia, 2021–2030

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