Africa Steam Turbines Market: By Capacity, By Design, By End User and Country  

Africa Steam Turbines Market: By Capacity (<150 MW, 151-300 MW, >300 MW), By Design (Reaction Turbines, Impulse Turbines), By End User (Power & Utility, Petrochemical, Oil & Gas, Industrial and Others) and Country  

The Africa steam turbines market size was valued at US$ 2,789.9 million in 2023 and is projected to reach US$ 3,646.7 million by 2030, growing at a CAGR of 3.9% from 2024-2030.  In Africa, industrialization drives growth in the market along with government support and energy demand. International investment can be a positive force.

However, the main drivers of the market include dependency on imports, lack of infrastructure, high initial investment costs, and stringent environmental rules and regulations. The major opportunities in this market include new renewable energy sources, the discovery of new gas resources, international funding, and advancements in turbine technology. Trends show decentralization of power solutions, a focus on green energy, public-private partnerships, and better turbine technology. All these together present a dynamic market that will grow with cost, infrastructure, and regulatory compliance challenges.

Key Players

The Steam turbines Market size includes several companies such as Siemens AG, Fuji Electric Co., Ltd., General Electric, Mitsubishi Hitachi Power Systems, Ltd., Bharat Heavy Electricals Limited, TURBOCAM, Toshiba Africa (Pty) Ltd., Elliott Group, Harbin Electric Corporation, and among others.

Key Takeaways

  • The African steam turbine market, supported by government policies, renewable energy expansion, and international funding, holds significant growth potential.
  • With dominant players like South Africa and fast-growing markets like Kenya paving the way.

Facts & Figures

  • Initial costs for steam turbines are between $700-$1,200 per kW and installation will add another 20-30%.
  • South Africa has the highest installed capacity with around 30 GW, largely from coal-based power plants, while Kenya boasts more than 800 MW of geothermal.

Key Developments

  • In May 2024, EDF acquired GE Vernova's steam nuclear activities that, among other things include conventional island equipment for building new nuclear power plants and related services out-of-the America's maintenance business which is now renamed and classified as a subsidiary owned solely by EDF and now called Arabelle Solutions.
  • In March 2024, Siemens Energy appointed Dietmar Siersdorfer as Managing Director for Africa, aiming to strengthen its presence and focus on the continent's energy needs.

Africa Steam Turbines Market Dynamics

Drivers

An explosive industrial and urban growth situation in Africa demands reliable means of energy sources, with steam turbines being used widely in power plants to beget manufacturing, infrastructure, or urban utility needs. Some African governments promote renewable sources of energy and infrastructures or similar initiatives like the African Agenda 2063, elevating the usage of a steam turbine in hybrid, renewable-energy systems. With the rising Africa population, the energy consumption increases. It is common where most of the required energy supply has been assisted by the steam turbine used either in the thermal or the combined cycle of power plants. International firm investment increases their participation in the energy industry through cooperation, leading to the installation of the needed steam turbines and contributing toward the reduction of infrastructure deficits.

Restraints

Setting up steam turbines requires substantial initial investment, which can deter cash-strapped economies or small players from market entry. Limited domestic expertise in high-grade turbine manufacturing makes African countries reliant on imports, raising costs and dependency. Limited infrastructure, such as an inadequate energy grid, complicates the seamless deployment of steam turbines across certain regions. Compliance with emissions standards and environmental policies, such as the African Development Bank's climate initiatives, may restrict traditional steam turbine operations.

Opportunities

The rise in wind, solar, and biomass projects in Africa creates opportunities for steam turbines in hybrid plants, driving eco-friendly energy production. New gas reserves discovered in Mozambique, Tanzania, and Nigeria offer opportunities for steam turbine applications in gas-fired power plants. International organizations (e.g., the World Bank) provide funding for energy projects, giving African countries more resources to develop turbine infrastructure. Advances in turbine technology allow for more efficient, lower-emission steam turbines, aligning with Africa’s sustainability goals and incentivizing installations.

Trends

Remote areas benefit from small-scale power generation, including mini-grids with steam turbines, promoting rural electrification. African nations increasingly incorporate renewable energy into the grid, with steam turbines playing roles in biomass and waste-to-energy projects. PPPs are becoming common in African energy infrastructure projects, driving turbine market growth through shared resources. Enhanced turbine designs that increase operational efficiency, reduce costs, and comply with emission norms are increasingly integrated into power plants.

Africa Steam Turbines Market Segmentation Analysis

Report Benchmarks

Details

Market Size in 2023

US$ 2,789.9 million

Market Size in 2030

US$ 3,646.7 million

By Capacity

  • <150 MW
  • 151-300 MW
  • >300 MW

By Design

  • Reaction Turbines
  • Impulse Turbines

By End User

  • Power & Utility
  • Petrochemical
  • Oil & Gas
  • Industrial
  • Others

By Country

  • South Africa
  • Nigeria
  • Kenya
  • Morocco
  • Rest of Africa

Analyst Review

Africa has a massive market for steam turbines, particularly in South Africa and Kenya, which are keen on renewable energy projects. Industrialization in Africa is increasing, and there is a demand for efficient energy sources as well as international efforts to shift toward clean energy. All these factors point to the benefits of steam turbines. Steam turbines can thus be very valuable assets for Africa's future energy provision. Higher capital costs and lack of infrastructure might be a problem for smaller economies; however, government incentives and international funding may help ease some of these problems. The combined trends of decarbonization and foreign investment are expected to drive growth in the market over the next few years. It is believed that investors view this market as supportive of African renewable energy ambitions and with sustainable growth prospects.

 

Key Features of the Report

  • The Africa steam turbines market provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup's details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis

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Frequently Asked Questions

Africa steam turbines market size was valued at US$ 2,789.9 million in 2023 and is set to reach US$ 3,646.7 million by 2030, at a CAGR of 3.9% from 2024-2030

• Industrialization and Urbanization
• Government Initiatives and Policies
• Growing Energy Demand
• Foreign Investments

• Expansion in Renewable Energy
• Emerging Gas Reserves
• International Funding and Partnerships
• Technological Advancements

Who are the major key players in Africa steam turbines market? Siemens AG, Fuji Electric Co., Ltd., General Electric, Mitsubishi Hitachi Power Systems, Ltd., Bharat Heavy Electricals Limited, TURBOCAM, Toshiba Africa (Pty) Ltd., Elliott Group, Harbin Electric Corporation, and among others are the key players in Africa steam turbines market.

South Africa is the dominant country in the Africa steam turbines market.

1. Executive Summary
2. Africa Steam Turbines Market Introduction
2.1. Africa Steam Turbines Market Taxonomy
2.2. Africa Steam Turbines Market Definitions
2.2.1. Capacity
2.2.2. Design
2.2.3. End-Use
3. Africa Steam Turbines Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Africa Steam Turbines Market Dynamic Factors - Impact Analysis
3.6. Africa Steam Turbines Market Competition Landscape
4. Africa Steam Turbines Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Africa Steam Turbines Market Forecast, By Capacity, 2019 - 2023 and Forecast, 2024 - 2030
5.1. <150 MW
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. 151-300 MW
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. >300 MW
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Africa Steam Turbines Market Forecast, By Design, 2019 - 2023 and Forecast, 2024 - 2030
6.1. Reaction Turbines
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Impulse Turbines
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Africa Steam Turbines Market Forecast, By End-Use, 2019 - 2023 and Forecast, 2024 - 2030
7.1. Power & Utility
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Petrochemical
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Oil & Gas
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Industrial
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Others
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
8. Africa Steam Turbines Market Forecast, By Country, 2019 - 2023 and Forecast, 2024 - 2030
8.1. South Africa
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Nigeria
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Kenya
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Morocco
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Rest of Africa
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Africa Steam Turbines Market - Opportunity Analysis Index, By Capacity, By Design, By End-Use and Country, 2024 - 2030
8.7. Paraguay Speech Analytics Market Dynamics Trends
9. Competition Landscape 
9.1. Strategic Dashboard of Top Market Players
9.2. Company Profiles (Introduction, Financial Analysis, Feedstock Material & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
9.2.1. Siemens AG
9.2.2. Fuji Electric Co., Ltd.
9.2.3. General Electric
9.2.4. Mitsubishi Hitachi Power Systems, Ltd.
9.2.5. Bharat Heavy Electricals Limited
9.2.6. TURBOCAM
9.2.7. Toshiba Africa(Pty) Ltd.
9.2.8. Elliott Group
9.2.9. Harbin Electric Corporation
10. Research Methodology
11. Key Assumptions and Acronyms

Key Market Players

  • Siemens AG
  • Fuji Electric Co., Ltd.
  • General Electric
  • Mitsubishi Hitachi Power Systems, Ltd.
  • Bharat Heavy Electricals Limited
  • TURBOCAM
  • Toshiba Africa(Pty) Ltd.
  • Elliott Group
  • Harbin Electric Corporation

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