Africa Steam Turbines Market: By Capacity, By Design, By End User 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.
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.
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.
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.
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.
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.
Report Benchmarks |
Details |
Market Size in 2023 |
US$ 2,789.9 million |
Market Size in 2030 |
US$ 3,646.7 million |
By Capacity |
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By Design |
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By End User |
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By Country |
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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.
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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