Top 10 Steam Turbine Manufacturers in the World by Capacity

GE Power, Siemens Energy Inc, Mitsubishi Heavy Industries Ltd, Shanghai Electric Group Corp, and Dongfang Electric Corporation Ltd are the top 5 steam turbine manufacturers in the world by active capacity (as of March 31, 2022). Comprehensively, the top 10 steam turbine manufacturers in the world had a capacity of 2,037,438 (MW) as of March 31, 2022, where GE Power was the highest (643,525 MW) and Doosan Corp was the lowest (74,281 MW). In aggregate, they generated revenue of $85,907 million, where the highest revenue was generated by Mitsubishi Heavy Industries Ltd ($34,900 million), followed by Toshiba Corp ($29,708 million). On average 5 out of 10 manufacturers had an average revenue growth decrease of 0.7%. The highest revenue growth was posted by Dongfang Electric Corporation Ltd (37.2%). In terms of the geographic split, 7 out of 10 of the world’s top steam turbine manufacturers are based in the Asia-Pacific, and the remaining 3 are based in North America and Europe. They employed a total of 249,228 people in 2021. The United States of America-based GE Power is the leading steam turbine manufacturer in the world (by capacity). The company is a business division of the General Electric Company and is a provider of power generation and water processing products and related services. The company’s product portfolio includes aero-derivative and heavy-duty gas turbine systems, generators, boilers, steam turbines, air quality control systems, gas engines, reactors, water treatment, wastewater treatment, and process system solutions, among others. Siemens Energy, Inc (Siemens Energy) formerly Siemens Power Generation, Inc., is one of the leading steam turbine manufacturers in the world (by capacity), it develops and builds fossil fuel power plants, power-generating components, gas and steam turbines, geothermal energy systems, photovoltaic inverters, environmental systems, fuel gasifier systems, and fuel cells, among others.