Asia Pacific Steam Turbine Market Size, Share & Trend, 2028

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

Published Date: October-2022 | Number of Pages: 99 | Format: PDF | Report ID: KBV-20616

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Market Report Description

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.

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Related Reports:

Global Steam Turbine Market Report 2022-2028

North America Steam Turbine Market Report 2022-2028

Europe Steam Turbine Market Report 2022-2028

LAMEA Steam Turbine Market Report 2022-2028

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