Condensing steam turbines are most commonly found in thermal power plants. In a condensing steam turbine, the maximum amount of energy is extracted from the steam, because there is very high enthalpy difference between the initial and final conditions of steam.
In the coming years there is an increasing demand for Condensing Steam Turbine in the regions of United States and Europe that is expected to drive the market for more advanced Condensing Steam Turbine. Growth in government budgets in the principal countries, increasing of power generation fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Condensing Steam Turbine will drive growth in United States and Europe markets.
Globally, the Condensing Steam Turbine industry market is concentrated as the manufacturing technology of Condensing Steam Turbine is relatively matures than some high-tech equipment. And some enterprises, like GE, Siemens, Mitsubishi Hitachi, etc. are well-known for the wonderful performance of their Condensing Steam Turbine and related services. At the same time, Europe, occupied 39.13% production market share in 2016, is remarkable in the global Condensing Steam Turbine industry because of their market share and technology status of Condensing Steam Turbine.
The consumption volume of Condensing Steam Turbine is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Condensing Steam Turbine industry may not keep that fast. But it is surely forecasted that the market of Condensing Steam Turbine is still promising.

According to this study, over the next five years the Condensing Steam Turbine market will register a 1.4% CAGR in terms of revenue, the global market size will reach USD 5100 million by 2024, from USD 4690 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Condensing Steam Turbine business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Condensing Steam Turbine market by product type, application, key manufacturers and key regions and countries.

This study considers the Condensing Steam Turbine value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Output?150 MW
Output?150 MW
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Industrial
Power Generation
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
GE
Siemens
Mitsubishi Hitachi
Doosan Skoda Power
Elliott
MAN
Fuji Electric
Kawasaki
HTC
Toshiba
Ansaldo
Power Machines

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Condensing Steam Turbine consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Condensing Steam Turbine market by identifying its various subsegments.
Focuses on the key global Condensing Steam Turbine manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Condensing Steam Turbine with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Condensing Steam Turbine submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.