| Product Code: ETC5217460 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Belgium`s steam turbine import market in 2024 saw a shift in concentration levels from high to moderate, indicating increased diversification among suppliers. The top exporting countries such as Italy, Metropolitan France, USA, Germany, and Netherlands continue to play a significant role in meeting Belgium`s demand. With a notable CAGR of 24.25% from 2020 to 2024 and a growth rate of 36.58% from 2023 to 2024, the market reflects strong expansion and opportunities for both domestic and international suppliers to capitalize on the growing demand for steam turbines in Belgium.

Belgium's Steam Turbine market is anticipated to experience a stable growth rate of 1.99% by 2027, reflecting trends observed in the largest economy Germany, followed by United Kingdom, France, Italy and Russia.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Steam Turbine Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Steam Turbine Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Steam Turbine Market - Industry Life Cycle |
3.4 Belgium Steam Turbine Market - Porter's Five Forces |
3.5 Belgium Steam Turbine Market Revenues & Volume Share, By Design, 2021 & 2031F |
3.6 Belgium Steam Turbine Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Belgium Steam Turbine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on renewable energy sources in Belgium leading to a growing demand for steam turbines. |
4.2.2 Government initiatives and policies promoting energy efficiency and sustainability. |
4.2.3 Technological advancements in steam turbine design and efficiency. |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with steam turbines. |
4.3.2 Competition from other renewable energy sources such as wind and solar power. |
4.3.3 Regulatory challenges and uncertainty in the energy market. |
5 Belgium Steam Turbine Market Trends |
6 Belgium Steam Turbine Market Segmentations |
6.1 Belgium Steam Turbine Market, By Design |
6.1.1 Overview and Analysis |
6.1.2 Belgium Steam Turbine Market Revenues & Volume, By Reaction, 2021-2031F |
6.1.3 Belgium Steam Turbine Market Revenues & Volume, By Impulse, 2021-2031F |
6.2 Belgium Steam Turbine Market, By End Use Industry |
6.2.1 Overview and Analysis |
6.2.2 Belgium Steam Turbine Market Revenues & Volume, By Others, 2021-2031F |
6.2.3 Belgium Steam Turbine Market Revenues & Volume, By Power Generation, 2021-2031F |
6.2.4 Belgium Steam Turbine Market Revenues & Volume, By Petrochemical, 2021-2031F |
6.2.5 Belgium Steam Turbine Market Revenues & Volume, By Oil And Gas, 2021-2031F |
7 Belgium Steam Turbine Market Import-Export Trade Statistics |
7.1 Belgium Steam Turbine Market Export to Major Countries |
7.2 Belgium Steam Turbine Market Imports from Major Countries |
8 Belgium Steam Turbine Market Key Performance Indicators |
8.1 Capacity utilization rate of steam turbines in Belgium. |
8.2 Average efficiency improvement rate of steam turbines over time. |
8.3 Number of new installations or retrofit projects using steam turbines in the country. |
9 Belgium Steam Turbine Market - Opportunity Assessment |
9.1 Belgium Steam Turbine Market Opportunity Assessment, By Design, 2021 & 2031F |
9.2 Belgium Steam Turbine Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Belgium Steam Turbine Market - Competitive Landscape |
10.1 Belgium Steam Turbine Market Revenue Share, By Companies, 2024 |
10.2 Belgium Steam Turbine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |