Summary

The global Geothermal Steam Turbine market size is predicted to grow from US$ 667 million in 2025 to US$ 862 million in 2031; it is expected to grow at a CAGR of 4.4% from 2025 to 2031.
A Geothermal Steam Turbine is a specialized type of steam turbine designed to convert thermal energy from geothermal sources (heat from the Earth's core) into mechanical energy, which is then used to generate electricity. These turbines operate using steam or hot water extracted from geothermal wells.
The market for geothermal steam turbines is growing steadily, driven by the global transition toward renewable energy and the increasing adoption of sustainable power generation technologies. Geothermal power plants, which use these turbines, are an essential part of clean energy initiatives due to their reliability and minimal environmental impact.
Market Drivers
Renewable Energy Demand: Rising global energy needs and focus on decarbonization are boosting the development of geothermal projects. Energy Reliability: Unlike solar or wind, geothermal energy provides a stable and consistent power supply, encouraging its adoption. Technological Advancements: Improvements in turbine design and geothermal drilling techniques are increasing efficiency and reducing costs.
Market Restraints
High Initial Costs: Exploration and development of geothermal resources involve significant investment, which can limit market growth. Geographical Limitations: The availability of geothermal resources is confined to specific regions with high geothermal activity.
Market Opportunities
Emerging Economies: Developing countries with untapped geothermal potential, such as Indonesia and Kenya, present significant growth opportunities. Enhanced Geothermal Systems (EGS): Advances in EGS technology could expand the geographical scope of geothermal power.
LP Information, Inc. (LPI) ' newest research report, the “Geothermal Steam Turbine Industry Forecast” looks at past sales and reviews total world Geothermal Steam Turbine sales in 2024, providing a comprehensive analysis by region and market sector of projected Geothermal Steam Turbine sales for 2025 through 2031. With Geothermal Steam Turbine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Geothermal Steam Turbine industry.
This Insight Report provides a comprehensive analysis of the global Geothermal Steam Turbine landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Geothermal Steam Turbine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Geothermal Steam Turbine market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Geothermal Steam Turbine and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Geothermal Steam Turbine.
This report presents a comprehensive overview, market shares, and growth opportunities of Geothermal Steam Turbine market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Above 300 MW
Below 300 MW
Segmentation by Application:
Small Power Plant
Large Power Plant
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
General Electric
Siemens
Dongfang Turbine
Shanghai Electric
Mitsubishi Power
MAN Energy Solutions
Fuji Electric
Ebara Elliott
Doosan
Ansaldo
Kawasaki Heavy Industries
Power Machines
Key Questions Addressed in this Report
What is the 10-year outlook for the global Geothermal Steam Turbine market?
What factors are driving Geothermal Steam Turbine market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Geothermal Steam Turbine market opportunities vary by end market size?
How does Geothermal Steam Turbine break out by Type, by Application?

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Table of Contents

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Geothermal Steam Turbine Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Geothermal Steam Turbine by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Geothermal Steam Turbine by Country/Region, 2020, 2024 & 2031
2.2 Geothermal Steam Turbine Segment by Type
2.2.1 Above 300 MW
2.2.2 Below 300 MW
2.3 Geothermal Steam Turbine Sales by Type
2.3.1 Global Geothermal Steam Turbine Sales Market Share by Type (2020-2025)
2.3.2 Global Geothermal Steam Turbine Revenue and Market Share by Type (2020-2025)
2.3.3 Global Geothermal Steam Turbine Sale Price by Type (2020-2025)
2.4 Geothermal Steam Turbine Segment by Application
2.4.1 Small Power Plant
2.4.2 Large Power Plant
2.5 Geothermal Steam Turbine Sales by Application
2.5.1 Global Geothermal Steam Turbine Sale Market Share by Application (2020-2025)
2.5.2 Global Geothermal Steam Turbine Revenue and Market Share by Application (2020-2025)
2.5.3 Global Geothermal Steam Turbine Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Geothermal Steam Turbine Breakdown Data by Company
3.1.1 Global Geothermal Steam Turbine Annual Sales by Company (2020-2025)
3.1.2 Global Geothermal Steam Turbine Sales Market Share by Company (2020-2025)
3.2 Global Geothermal Steam Turbine Annual Revenue by Company (2020-2025)
3.2.1 Global Geothermal Steam Turbine Revenue by Company (2020-2025)
3.2.2 Global Geothermal Steam Turbine Revenue Market Share by Company (2020-2025)
3.3 Global Geothermal Steam Turbine Sale Price by Company
3.4 Key Manufacturers Geothermal Steam Turbine Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Geothermal Steam Turbine Product Location Distribution
3.4.2 Players Geothermal Steam Turbine Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Geothermal Steam Turbine by Geographic Region
4.1 World Historic Geothermal Steam Turbine Market Size by Geographic Region (2020-2025)
4.1.1 Global Geothermal Steam Turbine Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Geothermal Steam Turbine Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Geothermal Steam Turbine Market Size by Country/Region (2020-2025)
4.2.1 Global Geothermal Steam Turbine Annual Sales by Country/Region (2020-2025)
4.2.2 Global Geothermal Steam Turbine Annual Revenue by Country/Region (2020-2025)
4.3 Americas Geothermal Steam Turbine Sales Growth
4.4 APAC Geothermal Steam Turbine Sales Growth
4.5 Europe Geothermal Steam Turbine Sales Growth
4.6 Middle East & Africa Geothermal Steam Turbine Sales Growth
5 Americas
5.1 Americas Geothermal Steam Turbine Sales by Country
5.1.1 Americas Geothermal Steam Turbine Sales by Country (2020-2025)
5.1.2 Americas Geothermal Steam Turbine Revenue by Country (2020-2025)
5.2 Americas Geothermal Steam Turbine Sales by Type (2020-2025)
5.3 Americas Geothermal Steam Turbine Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Geothermal Steam Turbine Sales by Region
6.1.1 APAC Geothermal Steam Turbine Sales by Region (2020-2025)
6.1.2 APAC Geothermal Steam Turbine Revenue by Region (2020-2025)
6.2 APAC Geothermal Steam Turbine Sales by Type (2020-2025)
6.3 APAC Geothermal Steam Turbine Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Geothermal Steam Turbine by Country
7.1.1 Europe Geothermal Steam Turbine Sales by Country (2020-2025)
7.1.2 Europe Geothermal Steam Turbine Revenue by Country (2020-2025)
7.2 Europe Geothermal Steam Turbine Sales by Type (2020-2025)
7.3 Europe Geothermal Steam Turbine Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Geothermal Steam Turbine by Country
8.1.1 Middle East & Africa Geothermal Steam Turbine Sales by Country (2020-2025)
8.1.2 Middle East & Africa Geothermal Steam Turbine Revenue by Country (2020-2025)
8.2 Middle East & Africa Geothermal Steam Turbine Sales by Type (2020-2025)
8.3 Middle East & Africa Geothermal Steam Turbine Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Geothermal Steam Turbine
10.3 Manufacturing Process Analysis of Geothermal Steam Turbine
10.4 Industry Chain Structure of Geothermal Steam Turbine
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Geothermal Steam Turbine Distributors
11.3 Geothermal Steam Turbine Customer
12 World Forecast Review for Geothermal Steam Turbine by Geographic Region
12.1 Global Geothermal Steam Turbine Market Size Forecast by Region
12.1.1 Global Geothermal Steam Turbine Forecast by Region (2026-2031)
12.1.2 Global Geothermal Steam Turbine Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Geothermal Steam Turbine Forecast by Type (2026-2031)
12.7 Global Geothermal Steam Turbine Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 General Electric
13.1.1 General Electric Company Information
13.1.2 General Electric Geothermal Steam Turbine Product Portfolios and Specifications
13.1.3 General Electric Geothermal Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 General Electric Main Business Overview
13.1.5 General Electric Latest Developments
13.2 Siemens
13.2.1 Siemens Company Information
13.2.2 Siemens Geothermal Steam Turbine Product Portfolios and Specifications
13.2.3 Siemens Geothermal Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Siemens Main Business Overview
13.2.5 Siemens Latest Developments
13.3 Dongfang Turbine
13.3.1 Dongfang Turbine Company Information
13.3.2 Dongfang Turbine Geothermal Steam Turbine Product Portfolios and Specifications
13.3.3 Dongfang Turbine Geothermal Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Dongfang Turbine Main Business Overview
13.3.5 Dongfang Turbine Latest Developments
13.4 Shanghai Electric
13.4.1 Shanghai Electric Company Information
13.4.2 Shanghai Electric Geothermal Steam Turbine Product Portfolios and Specifications
13.4.3 Shanghai Electric Geothermal Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Shanghai Electric Main Business Overview
13.4.5 Shanghai Electric Latest Developments
13.5 Mitsubishi Power
13.5.1 Mitsubishi Power Company Information
13.5.2 Mitsubishi Power Geothermal Steam Turbine Product Portfolios and Specifications
13.5.3 Mitsubishi Power Geothermal Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Mitsubishi Power Main Business Overview
13.5.5 Mitsubishi Power Latest Developments
13.6 MAN Energy Solutions
13.6.1 MAN Energy Solutions Company Information
13.6.2 MAN Energy Solutions Geothermal Steam Turbine Product Portfolios and Specifications
13.6.3 MAN Energy Solutions Geothermal Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 MAN Energy Solutions Main Business Overview
13.6.5 MAN Energy Solutions Latest Developments
13.7 Fuji Electric
13.7.1 Fuji Electric Company Information
13.7.2 Fuji Electric Geothermal Steam Turbine Product Portfolios and Specifications
13.7.3 Fuji Electric Geothermal Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Fuji Electric Main Business Overview
13.7.5 Fuji Electric Latest Developments
13.8 Ebara Elliott
13.8.1 Ebara Elliott Company Information
13.8.2 Ebara Elliott Geothermal Steam Turbine Product Portfolios and Specifications
13.8.3 Ebara Elliott Geothermal Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Ebara Elliott Main Business Overview
13.8.5 Ebara Elliott Latest Developments
13.9 Doosan
13.9.1 Doosan Company Information
13.9.2 Doosan Geothermal Steam Turbine Product Portfolios and Specifications
13.9.3 Doosan Geothermal Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Doosan Main Business Overview
13.9.5 Doosan Latest Developments
13.10 Ansaldo
13.10.1 Ansaldo Company Information
13.10.2 Ansaldo Geothermal Steam Turbine Product Portfolios and Specifications
13.10.3 Ansaldo Geothermal Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Ansaldo Main Business Overview
13.10.5 Ansaldo Latest Developments
13.11 Kawasaki Heavy Industries
13.11.1 Kawasaki Heavy Industries Company Information
13.11.2 Kawasaki Heavy Industries Geothermal Steam Turbine Product Portfolios and Specifications
13.11.3 Kawasaki Heavy Industries Geothermal Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Kawasaki Heavy Industries Main Business Overview
13.11.5 Kawasaki Heavy Industries Latest Developments
13.12 Power Machines
13.12.1 Power Machines Company Information
13.12.2 Power Machines Geothermal Steam Turbine Product Portfolios and Specifications
13.12.3 Power Machines Geothermal Steam Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 Power Machines Main Business Overview
13.12.5 Power Machines Latest Developments
14 Research Findings and Conclusion