The global Steam Turbine MRO market size was valued at US$ 6349 million in 2024 and is forecast to a readjusted size of USD 9132 million by 2031 with a CAGR of 5.4% during review period.
Steam Turbine MRO (Maintenance, Repair, and Overhaul) refers to the services aimed at ensuring the efficient and reliable operation of steam turbines throughout their lifecycle. This includes: Maintenance: Regular inspections, cleaning, and part replacements to prevent failures. Repair: Fixing specific issues such as blade damage, seal wear, or bearing failures. Overhaul: Comprehensive servicing of the turbine to restore it to optimal performance, often involving disassembly, inspection, and replacement of critical components. Steam Turbine MRO is critical in industries such as power generation, oil & gas, chemical processing, and manufacturing, where downtime can lead to significant economic losses.
The steam turbine MRO market is witnessing steady growth due to the aging fleet of turbines, the need for operational efficiency, and the increasing adoption of maintenance programs in industries.
麻豆原创 Drivers
Aging Infrastructure: Many steam turbines in operation today have exceeded their design lifespans, necessitating MRO services to extend their usability. Demand for Operational Efficiency: Industries seek to minimize downtime and maximize energy efficiency, driving demand for proactive MRO services. Regulatory Compliance: Stricter emissions and safety regulations encourage regular maintenance and upgrades. Growth in Energy Demand: Rising global energy needs sustain the demand for steam turbines, indirectly supporting the MRO market.
麻豆原创 Restraints
High Costs: MRO services can be expensive, particularly for older turbines requiring significant overhauls. Skilled Workforce Shortage: A lack of experienced personnel can delay or limit MRO operations. Shift Toward Renewables: The increasing adoption of renewable energy sources may reduce reliance on steam turbines, affecting long-term MRO demand.
麻豆原创 Opportunities
Digital Transformation: Integration of predictive maintenance tools, IoT, and AI to monitor turbine health and optimize MRO schedules. Emerging 麻豆原创s: Industrial expansion in developing regions creates demand for reliable turbine operations and MRO services. Retrofit and Modernization: Upgrading older turbines with modern components and technologies provides significant opportunities.
This report is a detailed and comprehensive analysis for global Steam Turbine MRO market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Steam Turbine MRO market size and forecasts, in consumption value ($ Million), 2020-2031
Global Steam Turbine MRO market size and forecasts by region and country, in consumption value ($ Million), 2020-2031
Global Steam Turbine MRO market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031
Global Steam Turbine MRO market shares of main players, in revenue ($ Million), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Steam Turbine MRO
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Steam Turbine MRO market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include General Electric, Siemens, Dongfang Electric, Shanghai Electric, MHPS, MAN Energy Solutions, Ebara Elliott, EthosEnergy, Sulzer, Harbin Electric, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
麻豆原创 segmentation
Steam Turbine MRO market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
麻豆原创 segment by Type
Maintenance
Repair
Overhaul
Spare Parts
麻豆原创 segment by Application
Power
Oil and Gas
Others
麻豆原创 segment by players, this report covers
General Electric
Siemens
Dongfang Electric
Shanghai Electric
MHPS
MAN Energy Solutions
Ebara Elliott
EthosEnergy
Sulzer
Harbin Electric
Ansaldo Energia
Toshiba Energy
Stork
Hangzhou Steam Turbine
Kawasaki Heavy Industries
Shandong Qingneng
麻豆原创 segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Steam Turbine MRO product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Steam Turbine MRO, with revenue, gross margin, and global market share of Steam Turbine MRO from 2020 to 2025.
Chapter 3, the Steam Turbine MRO competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and Steam Turbine MRO market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Steam Turbine MRO.
Chapter 13, to describe Steam Turbine MRO research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 麻豆原创 Overview
1.1 Product Overview and Scope
1.2 麻豆原创 Estimation Caveats and Base Year
1.3 Classification of Steam Turbine MRO by Type
1.3.1 Overview: Global Steam Turbine MRO 麻豆原创 Size by Type: 2020 Versus 2024 Versus 2031
1.3.2 Global Steam Turbine MRO Consumption Value 麻豆原创 Share by Type in 2024
1.3.3 Maintenance
1.3.4 Repair
1.3.5 Overhaul
1.3.6 Spare Parts
1.4 Global Steam Turbine MRO 麻豆原创 by Application
1.4.1 Overview: Global Steam Turbine MRO 麻豆原创 Size by Application: 2020 Versus 2024 Versus 2031
1.4.2 Power
1.4.3 Oil & Gas
1.4.4 Others
1.5 Global Steam Turbine MRO 麻豆原创 Size & Forecast
1.6 Global Steam Turbine MRO 麻豆原创 Size and Forecast by Region
1.6.1 Global Steam Turbine MRO 麻豆原创 Size by Region: 2020 VS 2024 VS 2031
1.6.2 Global Steam Turbine MRO 麻豆原创 Size by Region, (2020-2031)
1.6.3 North America Steam Turbine MRO 麻豆原创 Size and Prospect (2020-2031)
1.6.4 Europe Steam Turbine MRO 麻豆原创 Size and Prospect (2020-2031)
1.6.5 Asia-Pacific Steam Turbine MRO 麻豆原创 Size and Prospect (2020-2031)
1.6.6 South America Steam Turbine MRO 麻豆原创 Size and Prospect (2020-2031)
1.6.7 Middle East & Africa Steam Turbine MRO 麻豆原创 Size and Prospect (2020-2031)
2 Company Profiles
2.1 General Electric
2.1.1 General Electric Details
2.1.2 General Electric Major Business
2.1.3 General Electric Steam Turbine MRO Product and Solutions
2.1.4 General Electric Steam Turbine MRO Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.1.5 General Electric Recent Developments and Future Plans
2.2 Siemens
2.2.1 Siemens Details
2.2.2 Siemens Major Business
2.2.3 Siemens Steam Turbine MRO Product and Solutions
2.2.4 Siemens Steam Turbine MRO Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.2.5 Siemens Recent Developments and Future Plans
2.3 Dongfang Turbine
2.3.1 Dongfang Turbine Details
2.3.2 Dongfang Turbine Major Business
2.3.3 Dongfang Turbine Steam Turbine MRO Product and Solutions
2.3.4 Dongfang Turbine Steam Turbine MRO Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.3.5 Dongfang Turbine Recent Developments and Future Plans
2.4 Shanghai Electric
2.4.1 Shanghai Electric Details
2.4.2 Shanghai Electric Major Business
2.4.3 Shanghai Electric Steam Turbine MRO Product and Solutions
2.4.4 Shanghai Electric Steam Turbine MRO Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.4.5 Shanghai Electric Recent Developments and Future Plans
2.5 MHPS
2.5.1 MHPS Details
2.5.2 MHPS Major Business
2.5.3 MHPS Steam Turbine MRO Product and Solutions
2.5.4 MHPS Steam Turbine MRO Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.5.5 MHPS Recent Developments and Future Plans
2.6 MAN Energy Solutions
2.6.1 MAN Energy Solutions Details
2.6.2 MAN Energy Solutions Major Business
2.6.3 MAN Energy Solutions Steam Turbine MRO Product and Solutions
2.6.4 MAN Energy Solutions Steam Turbine MRO Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.6.5 MAN Energy Solutions Recent Developments and Future Plans
2.7 Elliot
2.7.1 Elliot Details
2.7.2 Elliot Major Business
2.7.3 Elliot Steam Turbine MRO Product and Solutions
2.7.4 Elliot Steam Turbine MRO Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.7.5 Elliot Recent Developments and Future Plans
2.8 EthosEnergy
2.8.1 EthosEnergy Details
2.8.2 EthosEnergy Major Business
2.8.3 EthosEnergy Steam Turbine MRO Product and Solutions
2.8.4 EthosEnergy Steam Turbine MRO Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.8.5 EthosEnergy Recent Developments and Future Plans
2.9 Sulzer
2.9.1 Sulzer Details
2.9.2 Sulzer Major Business
2.9.3 Sulzer Steam Turbine MRO Product and Solutions
2.9.4 Sulzer Steam Turbine MRO Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.9.5 Sulzer Recent Developments and Future Plans
2.10 Harbin Electric
2.10.1 Harbin Electric Details
2.10.2 Harbin Electric Major Business
2.10.3 Harbin Electric Steam Turbine MRO Product and Solutions
2.10.4 Harbin Electric Steam Turbine MRO Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.10.5 Harbin Electric Recent Developments and Future Plans
2.11 Ansaldo Energia
2.11.1 Ansaldo Energia Details
2.11.2 Ansaldo Energia Major Business
2.11.3 Ansaldo Energia Steam Turbine MRO Product and Solutions
2.11.4 Ansaldo Energia Steam Turbine MRO Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.11.5 Ansaldo Energia Recent Developments and Future Plans
2.12 Toshiba Energy
2.12.1 Toshiba Energy Details
2.12.2 Toshiba Energy Major Business
2.12.3 Toshiba Energy Steam Turbine MRO Product and Solutions
2.12.4 Toshiba Energy Steam Turbine MRO Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.12.5 Toshiba Energy Recent Developments and Future Plans
2.13 Stork
2.13.1 Stork Details
2.13.2 Stork Major Business
2.13.3 Stork Steam Turbine MRO Product and Solutions
2.13.4 Stork Steam Turbine MRO Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.13.5 Stork Recent Developments and Future Plans
2.14 Hangzhou Steam Turbine
2.14.1 Hangzhou Steam Turbine Details
2.14.2 Hangzhou Steam Turbine Major Business
2.14.3 Hangzhou Steam Turbine Steam Turbine MRO Product and Solutions
2.14.4 Hangzhou Steam Turbine Steam Turbine MRO Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.14.5 Hangzhou Steam Turbine Recent Developments and Future Plans
2.15 Kawasaki Heavy Industries
2.15.1 Kawasaki Heavy Industries Details
2.15.2 Kawasaki Heavy Industries Major Business
2.15.3 Kawasaki Heavy Industries Steam Turbine MRO Product and Solutions
2.15.4 Kawasaki Heavy Industries Steam Turbine MRO Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.15.5 Kawasaki Heavy Industries Recent Developments and Future Plans
2.16 Shandong Qingneng
2.16.1 Shandong Qingneng Details
2.16.2 Shandong Qingneng Major Business
2.16.3 Shandong Qingneng Steam Turbine MRO Product and Solutions
2.16.4 Shandong Qingneng Steam Turbine MRO Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.16.5 Shandong Qingneng Recent Developments and Future Plans
3 麻豆原创 Competition, by Players
3.1 Global Steam Turbine MRO Revenue and Share by Players (2020-2025)
3.2 麻豆原创 Share Analysis (2024)
3.2.1 麻豆原创 Share of Steam Turbine MRO by Company Revenue
3.2.2 Top 3 Steam Turbine MRO Players 麻豆原创 Share in 2024
3.2.3 Top 6 Steam Turbine MRO Players 麻豆原创 Share in 2024
3.3 Steam Turbine MRO 麻豆原创: Overall Company Footprint Analysis
3.3.1 Steam Turbine MRO 麻豆原创: Region Footprint
3.3.2 Steam Turbine MRO 麻豆原创: Company Product Type Footprint
3.3.3 Steam Turbine MRO 麻豆原创: Company Product Application Footprint
3.4 New 麻豆原创 Entrants and Barriers to 麻豆原创 Entry
3.5 Mergers, Acquisition, Agreements, and Collaborations
4 麻豆原创 Size Segment by Type
4.1 Global Steam Turbine MRO Consumption Value and 麻豆原创 Share by Type (2020-2025)
4.2 Global Steam Turbine MRO 麻豆原创 Forecast by Type (2026-2031)
5 麻豆原创 Size Segment by Application
5.1 Global Steam Turbine MRO Consumption Value 麻豆原创 Share by Application (2020-2025)
5.2 Global Steam Turbine MRO 麻豆原创 Forecast by Application (2026-2031)
6 North America
6.1 North America Steam Turbine MRO Consumption Value by Type (2020-2031)
6.2 North America Steam Turbine MRO 麻豆原创 Size by Application (2020-2031)
6.3 North America Steam Turbine MRO 麻豆原创 Size by Country
6.3.1 North America Steam Turbine MRO Consumption Value by Country (2020-2031)
6.3.2 United States Steam Turbine MRO 麻豆原创 Size and Forecast (2020-2031)
6.3.3 Canada Steam Turbine MRO 麻豆原创 Size and Forecast (2020-2031)
6.3.4 Mexico Steam Turbine MRO 麻豆原创 Size and Forecast (2020-2031)
7 Europe
7.1 Europe Steam Turbine MRO Consumption Value by Type (2020-2031)
7.2 Europe Steam Turbine MRO Consumption Value by Application (2020-2031)
7.3 Europe Steam Turbine MRO 麻豆原创 Size by Country
7.3.1 Europe Steam Turbine MRO Consumption Value by Country (2020-2031)
7.3.2 Germany Steam Turbine MRO 麻豆原创 Size and Forecast (2020-2031)
7.3.3 France Steam Turbine MRO 麻豆原创 Size and Forecast (2020-2031)
7.3.4 United Kingdom Steam Turbine MRO 麻豆原创 Size and Forecast (2020-2031)
7.3.5 Russia Steam Turbine MRO 麻豆原创 Size and Forecast (2020-2031)
7.3.6 Italy Steam Turbine MRO 麻豆原创 Size and Forecast (2020-2031)
8 Asia-Pacific
8.1 Asia-Pacific Steam Turbine MRO Consumption Value by Type (2020-2031)
8.2 Asia-Pacific Steam Turbine MRO Consumption Value by Application (2020-2031)
8.3 Asia-Pacific Steam Turbine MRO 麻豆原创 Size by Region
8.3.1 Asia-Pacific Steam Turbine MRO Consumption Value by Region (2020-2031)
8.3.2 China Steam Turbine MRO 麻豆原创 Size and Forecast (2020-2031)
8.3.3 Japan Steam Turbine MRO 麻豆原创 Size and Forecast (2020-2031)
8.3.4 South Korea Steam Turbine MRO 麻豆原创 Size and Forecast (2020-2031)
8.3.5 India Steam Turbine MRO 麻豆原创 Size and Forecast (2020-2031)
8.3.6 Southeast Asia Steam Turbine MRO 麻豆原创 Size and Forecast (2020-2031)
8.3.7 Australia Steam Turbine MRO 麻豆原创 Size and Forecast (2020-2031)
9 South America
9.1 South America Steam Turbine MRO Consumption Value by Type (2020-2031)
9.2 South America Steam Turbine MRO Consumption Value by Application (2020-2031)
9.3 South America Steam Turbine MRO 麻豆原创 Size by Country
9.3.1 South America Steam Turbine MRO Consumption Value by Country (2020-2031)
9.3.2 Brazil Steam Turbine MRO 麻豆原创 Size and Forecast (2020-2031)
9.3.3 Argentina Steam Turbine MRO 麻豆原创 Size and Forecast (2020-2031)
10 Middle East & Africa
10.1 Middle East & Africa Steam Turbine MRO Consumption Value by Type (2020-2031)
10.2 Middle East & Africa Steam Turbine MRO Consumption Value by Application (2020-2031)
10.3 Middle East & Africa Steam Turbine MRO 麻豆原创 Size by Country
10.3.1 Middle East & Africa Steam Turbine MRO Consumption Value by Country (2020-2031)
10.3.2 Turkey Steam Turbine MRO 麻豆原创 Size and Forecast (2020-2031)
10.3.3 Saudi Arabia Steam Turbine MRO 麻豆原创 Size and Forecast (2020-2031)
10.3.4 UAE Steam Turbine MRO 麻豆原创 Size and Forecast (2020-2031)
11 麻豆原创 Dynamics
11.1 Steam Turbine MRO 麻豆原创 Drivers
11.2 Steam Turbine MRO 麻豆原创 Restraints
11.3 Steam Turbine MRO Trends Analysis
11.4 Porters Five Forces Analysis
11.4.1 Threat of New Entrants
11.4.2 Bargaining Power of Suppliers
11.4.3 Bargaining Power of Buyers
11.4.4 Threat of Substitutes
11.4.5 Competitive Rivalry
12 Industry Chain Analysis
12.1 Steam Turbine MRO Industry Chain
12.2 Steam Turbine MRO Upstream Analysis
12.3 Steam Turbine MRO Midstream Analysis
12.4 Steam Turbine MRO Downstream Analysis
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Process and Data Source
14.3 Disclaimer
General Electric
Siemens
Dongfang Electric
Shanghai Electric
MHPS
MAN Energy Solutions
Ebara Elliott
EthosEnergy
Sulzer
Harbin Electric
Ansaldo Energia
Toshiba Energy
Stork
Hangzhou Steam Turbine
Kawasaki Heavy Industries
Shandong Qingneng
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*If Applicable.