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Machinery & Equipment Global Solar Steam Turbine Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

  • RnM4628310
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  • 26 September, 2025
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  • Global
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  • 121 Pages
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  • GIR
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  • Machinery & Equipment

According to our (Global Info Research) latest study, the global Solar Steam Turbine market size was valued at US$ 1054 million in 2024 and is forecast to a readjusted size of USD 1854 million by 2031 with a CAGR of 7.7% during review period.
A Solar Steam Turbine is a power generation system that uses solar energy to produce steam, which is then used to drive a steam turbine and generate electricity. This process is typically part of Concentrated Solar Power (CSP) systems. CSP technologies use mirrors or lenses to focus sunlight onto a receiver, where it heats a working fluid (such as water or oil). This fluid produces steam, which drives a steam turbine connected to an electricity generator. The generated electricity can then be used for both grid and off-grid applications.
The solar steam turbine market is a subset of the larger renewable energy and concentrated solar power (CSP) market. The growth of this market is driven by several factors, including the increasing global demand for clean and renewable energy, advancements in CSP technology, and the need for decarbonizing the energy sector.
Market Size & Growth:
The global solar thermal energy market, including CSP systems, is growing at a compound annual growth rate (CAGR) of approximately 7%. The solar steam turbine market is expanding as more countries invest in CSP projects, with a particular focus on regions that receive high solar insolation, such as the Middle East, North Africa, Southern Europe, and parts of the United States and Australia. By 2030, it is estimated that the CSP market will significantly contribute to the global energy mix, with increasing investments in utility-scale CSP plants.
Key Drivers:
Renewable Energy Transition: There is a global shift towards cleaner energy sources to combat climate change and reduce reliance on fossil fuels. Solar steam turbines play a key role in this transition. Government Incentives and Policies: Many governments around the world are offering incentives, subsidies, and policies to promote solar energy adoption, including CSP and steam turbine technologies. For example, tax credits, grants, and long-term power purchase agreements (PPAs) for CSP developers. Energy Storage Demand: CSP systems, including solar steam turbines, are particularly well-suited for coupling with thermal energy storage systems, providing consistent power output even during non-sunny hours. This makes them a preferred option for balancing grid demand. Technological Advancements: Improvements in turbine efficiency, heat transfer fluids, and solar collectors have made CSP and solar steam turbines more cost-effective and commercially viable.
Key Challenges:
High Initial Costs: The capital investment for CSP plants, including the solar steam turbine systems, is relatively high compared to other renewable technologies like wind and photovoltaic (PV) solar. Land and Water Use: CSP plants require large tracts of land and significant amounts of water for cooling purposes, which can limit their applicability in water-scarce regions. Intermittency and Storage: While CSP with thermal storage can mitigate intermittency issues, the overall integration of solar steam turbines with existing grids, especially in regions with less sunlight, remains a challenge.
This report is a detailed and comprehensive analysis for global Solar Steam Turbine market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Solar Steam Turbine market size and forecasts, in consumption value ($ Million), sales quantity (MW), and average selling prices (USD/KW), 2020-2031
Global Solar Steam Turbine market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MW), and average selling prices (USD/KW), 2020-2031
Global Solar Steam Turbine market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MW), and average selling prices (USD/KW), 2020-2031
Global Solar Steam Turbine market shares of main players, shipments in revenue ($ Million), sales quantity (MW), and ASP (USD/KW), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Solar Steam Turbine
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Solar Steam Turbine market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include General Electric, Siemens, Dongfang Turbine, Shanghai Electric, Hangzhou Steam Turbine(HTC), Harbin Electric Corporation, Mitsubishi Power, MAN Energy Solutions, Fuji Electric, Ebara Elliott, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Solar Steam Turbine market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Non-Condensing Steam Turbine
Condensing Steam Turbine
Market segment by Application
Small Plant
Large Plant
Major players covered
General Electric
Siemens
Dongfang Turbine
Shanghai Electric
Hangzhou Steam Turbine(HTC)
Harbin Electric Corporation
Mitsubishi Power
MAN Energy Solutions
Fuji Electric
Ebara Elliott
Doosan
Ansaldo
Kawasaki Heavy Industries
Power Machines
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Solar Steam Turbine product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Solar Steam Turbine, with price, sales quantity, revenue, and global market share of Solar Steam Turbine from 2020 to 2025.
Chapter 3, the Solar Steam Turbine competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Solar Steam Turbine breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Solar Steam Turbine market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Solar Steam Turbine.
Chapter 14 and 15, to describe Solar Steam Turbine sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Solar Steam Turbine Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 Non-Condensing Steam Turbine
    • 1.3.3 Condensing Steam Turbine
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Solar Steam Turbine Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Small Plant
    • 1.4.3 Large Plant
  • 1.5 Global Solar Steam Turbine Market Size & Forecast
    • 1.5.1 Global Solar Steam Turbine Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Solar Steam Turbine Sales Quantity (2020-2031)
    • 1.5.3 Global Solar Steam Turbine Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 General Electric
    • 2.1.1 General Electric Details
    • 2.1.2 General Electric Major Business
    • 2.1.3 General Electric Solar Steam Turbine Product and Services
    • 2.1.4 General Electric Solar Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 General Electric Recent Developments/Updates
  • 2.2 Siemens
    • 2.2.1 Siemens Details
    • 2.2.2 Siemens Major Business
    • 2.2.3 Siemens Solar Steam Turbine Product and Services
    • 2.2.4 Siemens Solar Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 Siemens Recent Developments/Updates
  • 2.3 Dongfang Turbine
    • 2.3.1 Dongfang Turbine Details
    • 2.3.2 Dongfang Turbine Major Business
    • 2.3.3 Dongfang Turbine Solar Steam Turbine Product and Services
    • 2.3.4 Dongfang Turbine Solar Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 Dongfang Turbine Recent Developments/Updates
  • 2.4 Shanghai Electric
    • 2.4.1 Shanghai Electric Details
    • 2.4.2 Shanghai Electric Major Business
    • 2.4.3 Shanghai Electric Solar Steam Turbine Product and Services
    • 2.4.4 Shanghai Electric Solar Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 Shanghai Electric Recent Developments/Updates
  • 2.5 Hangzhou Steam Turbine(HTC)
    • 2.5.1 Hangzhou Steam Turbine(HTC) Details
    • 2.5.2 Hangzhou Steam Turbine(HTC) Major Business
    • 2.5.3 Hangzhou Steam Turbine(HTC) Solar Steam Turbine Product and Services
    • 2.5.4 Hangzhou Steam Turbine(HTC) Solar Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 Hangzhou Steam Turbine(HTC) Recent Developments/Updates
  • 2.6 Harbin Electric Corporation
    • 2.6.1 Harbin Electric Corporation Details
    • 2.6.2 Harbin Electric Corporation Major Business
    • 2.6.3 Harbin Electric Corporation Solar Steam Turbine Product and Services
    • 2.6.4 Harbin Electric Corporation Solar Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 Harbin Electric Corporation Recent Developments/Updates
  • 2.7 Mitsubishi Power
    • 2.7.1 Mitsubishi Power Details
    • 2.7.2 Mitsubishi Power Major Business
    • 2.7.3 Mitsubishi Power Solar Steam Turbine Product and Services
    • 2.7.4 Mitsubishi Power Solar Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 Mitsubishi Power Recent Developments/Updates
  • 2.8 MAN Energy Solutions
    • 2.8.1 MAN Energy Solutions Details
    • 2.8.2 MAN Energy Solutions Major Business
    • 2.8.3 MAN Energy Solutions Solar Steam Turbine Product and Services
    • 2.8.4 MAN Energy Solutions Solar Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.8.5 MAN Energy Solutions Recent Developments/Updates
  • 2.9 Fuji Electric
    • 2.9.1 Fuji Electric Details
    • 2.9.2 Fuji Electric Major Business
    • 2.9.3 Fuji Electric Solar Steam Turbine Product and Services
    • 2.9.4 Fuji Electric Solar Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.9.5 Fuji Electric Recent Developments/Updates
  • 2.10 Ebara Elliott
    • 2.10.1 Ebara Elliott Details
    • 2.10.2 Ebara Elliott Major Business
    • 2.10.3 Ebara Elliott Solar Steam Turbine Product and Services
    • 2.10.4 Ebara Elliott Solar Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.10.5 Ebara Elliott Recent Developments/Updates
  • 2.11 Doosan
    • 2.11.1 Doosan Details
    • 2.11.2 Doosan Major Business
    • 2.11.3 Doosan Solar Steam Turbine Product and Services
    • 2.11.4 Doosan Solar Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.11.5 Doosan Recent Developments/Updates
  • 2.12 Ansaldo
    • 2.12.1 Ansaldo Details
    • 2.12.2 Ansaldo Major Business
    • 2.12.3 Ansaldo Solar Steam Turbine Product and Services
    • 2.12.4 Ansaldo Solar Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.12.5 Ansaldo Recent Developments/Updates
  • 2.13 Kawasaki Heavy Industries
    • 2.13.1 Kawasaki Heavy Industries Details
    • 2.13.2 Kawasaki Heavy Industries Major Business
    • 2.13.3 Kawasaki Heavy Industries Solar Steam Turbine Product and Services
    • 2.13.4 Kawasaki Heavy Industries Solar Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.13.5 Kawasaki Heavy Industries Recent Developments/Updates
  • 2.14 Power Machines
    • 2.14.1 Power Machines Details
    • 2.14.2 Power Machines Major Business
    • 2.14.3 Power Machines Solar Steam Turbine Product and Services
    • 2.14.4 Power Machines Solar Steam Turbine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.14.5 Power Machines Recent Developments/Updates

3 Competitive Environment: Solar Steam Turbine by Manufacturer

  • 3.1 Global Solar Steam Turbine Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Solar Steam Turbine Revenue by Manufacturer (2020-2025)
  • 3.3 Global Solar Steam Turbine Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Solar Steam Turbine by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Solar Steam Turbine Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Solar Steam Turbine Manufacturer Market Share in 2024
  • 3.5 Solar Steam Turbine Market: Overall Company Footprint Analysis
    • 3.5.1 Solar Steam Turbine Market: Region Footprint
    • 3.5.2 Solar Steam Turbine Market: Company Product Type Footprint
    • 3.5.3 Solar Steam Turbine Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Solar Steam Turbine Market Size by Region
    • 4.1.1 Global Solar Steam Turbine Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Solar Steam Turbine Consumption Value by Region (2020-2031)
    • 4.1.3 Global Solar Steam Turbine Average Price by Region (2020-2031)
  • 4.2 North America Solar Steam Turbine Consumption Value (2020-2031)
  • 4.3 Europe Solar Steam Turbine Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Solar Steam Turbine Consumption Value (2020-2031)
  • 4.5 South America Solar Steam Turbine Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Solar Steam Turbine Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global Solar Steam Turbine Sales Quantity by Type (2020-2031)
  • 5.2 Global Solar Steam Turbine Consumption Value by Type (2020-2031)
  • 5.3 Global Solar Steam Turbine Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global Solar Steam Turbine Sales Quantity by Application (2020-2031)
  • 6.2 Global Solar Steam Turbine Consumption Value by Application (2020-2031)
  • 6.3 Global Solar Steam Turbine Average Price by Application (2020-2031)

7 North America

  • 7.1 North America Solar Steam Turbine Sales Quantity by Type (2020-2031)
  • 7.2 North America Solar Steam Turbine Sales Quantity by Application (2020-2031)
  • 7.3 North America Solar Steam Turbine Market Size by Country
    • 7.3.1 North America Solar Steam Turbine Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Solar Steam Turbine Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe Solar Steam Turbine Sales Quantity by Type (2020-2031)
  • 8.2 Europe Solar Steam Turbine Sales Quantity by Application (2020-2031)
  • 8.3 Europe Solar Steam Turbine Market Size by Country
    • 8.3.1 Europe Solar Steam Turbine Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Solar Steam Turbine Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific Solar Steam Turbine Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Solar Steam Turbine Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Solar Steam Turbine Market Size by Region
    • 9.3.1 Asia-Pacific Solar Steam Turbine Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Solar Steam Turbine Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America Solar Steam Turbine Sales Quantity by Type (2020-2031)
  • 10.2 South America Solar Steam Turbine Sales Quantity by Application (2020-2031)
  • 10.3 South America Solar Steam Turbine Market Size by Country
    • 10.3.1 South America Solar Steam Turbine Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Solar Steam Turbine Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa Solar Steam Turbine Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Solar Steam Turbine Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Solar Steam Turbine Market Size by Country
    • 11.3.1 Middle East & Africa Solar Steam Turbine Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Solar Steam Turbine Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 Solar Steam Turbine Market Drivers
  • 12.2 Solar Steam Turbine Market Restraints
  • 12.3 Solar Steam Turbine Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Solar Steam Turbine and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Solar Steam Turbine
  • 13.3 Solar Steam Turbine Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Solar Steam Turbine Typical Distributors
  • 14.3 Solar Steam Turbine Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Solar Steam Turbine. Industry analysis & Market Report on Solar Steam Turbine is a syndicated market report, published as Global Solar Steam Turbine Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Solar Steam Turbine market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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