Global Steam Turbine MRO Market Growth (Status and Outlook) 2024-2030

Publication ID:

LPI01242158

Publication Date:

January 4, 2024

Pages:

133

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Manufacturers [2]

Machinery [3]

Industry & Manufacturing [4]

Description:

The global Steam Turbine MRO market size was valued at US$ 5425.5 million in 2023. With growing demand in downstream market, the Steam Turbine MRO is forecast to a readjusted size of US$ 8000.6 million by 2030 with a CAGR of 5.7% during review period.
The research report highlights the growth potential of the global Steam Turbine MRO market. Steam Turbine MRO are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Steam Turbine MRO. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Steam Turbine MRO market.
The MRO (maintenance, repair and overhaul) business is one of the most interesting for manufacturing companies. MRO could be defined as 鈥渁ll actions that have the objective of retaining or restoring an item in or to a state in which it can perform its required function. The actions include the combination of all technical and corresponding administrative, managerial and supervision actions.
The Top 2 companies in the world, including General Electric and Siemens, had a share of 35% in 2019. On the basis of product type, Maintenance segment is projected to account for the largest consumption value market share during the forecast period; this segment was estimated to account for 35% share in 2019 in terms of consumption value. In the applications, Power segment was estimated to account for the highest market share of 63% in 2019.
Key Features:
The report on Steam Turbine MRO market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Steam Turbine MRO market. It may include historical data, market segmentation by Type (e.g., Maintenance, Repair), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Steam Turbine MRO market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Steam Turbine MRO market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Steam Turbine MRO industry. This include advancements in Steam Turbine MRO technology, Steam Turbine MRO new entrants, Steam Turbine MRO new investment, and other innovations that are shaping the future of Steam Turbine MRO.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Steam Turbine MRO market. It includes factors influencing customer ' purchasing decisions, preferences for Steam Turbine MRO product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Steam Turbine MRO market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Steam Turbine MRO market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Steam Turbine MRO market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Steam Turbine MRO industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Steam Turbine MRO market.
Market Segmentation:
Steam Turbine MRO market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Maintenance
Repair
Overhaul
Spare Parts
Segmentation by application
Power
Oil & Gas
Others
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 analyzing the company's coverage, product portfolio, its market penetration.
General Electric
Siemens
Dongfang Turbine
Shanghai Electric
MHPS
MAN Energy Solutions
Elliot
EthosEnergy
Sulzer
Harbin Electric
Ansaldo Energia
Toshiba Energy
Stork
Hangzhou Steam Turbine
Kawasaki Heavy Industries
Shandong Qingneng

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

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 Steam Turbine MRO Market Size 2019-2030
2.1.2 Steam Turbine MRO Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Steam Turbine MRO Segment by Type
2.2.1 Maintenance
2.2.2 Repair
2.2.3 Overhaul
2.2.4 Spare Parts
2.3 Steam Turbine MRO Market Size by Type
2.3.1 Steam Turbine MRO Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Steam Turbine MRO Market Size Market Share by Type (2019-2024)
2.4 Steam Turbine MRO Segment by Application
2.4.1 Power
2.4.2 Oil & Gas
2.4.3 Others
2.5 Steam Turbine MRO Market Size by Application
2.5.1 Steam Turbine MRO Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Steam Turbine MRO Market Size Market Share by Application (2019-2024)
3 Steam Turbine MRO Market Size by Player
3.1 Steam Turbine MRO Market Size Market Share by Players
3.1.1 Global Steam Turbine MRO Revenue by Players (2019-2024)
3.1.2 Global Steam Turbine MRO Revenue Market Share by Players (2019-2024)
3.2 Global Steam Turbine MRO Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Steam Turbine MRO by Regions
4.1 Steam Turbine MRO Market Size by Regions (2019-2024)
4.2 Americas Steam Turbine MRO Market Size Growth (2019-2024)
4.3 APAC Steam Turbine MRO Market Size Growth (2019-2024)
4.4 Europe Steam Turbine MRO Market Size Growth (2019-2024)
4.5 Middle East & Africa Steam Turbine MRO Market Size Growth (2019-2024)
5 Americas
5.1 Americas Steam Turbine MRO Market Size by Country (2019-2024)
5.2 Americas Steam Turbine MRO Market Size by Type (2019-2024)
5.3 Americas Steam Turbine MRO Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Steam Turbine MRO Market Size by Region (2019-2024)
6.2 APAC Steam Turbine MRO Market Size by Type (2019-2024)
6.3 APAC Steam Turbine MRO Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Steam Turbine MRO by Country (2019-2024)
7.2 Europe Steam Turbine MRO Market Size by Type (2019-2024)
7.3 Europe Steam Turbine MRO Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Steam Turbine MRO by Region (2019-2024)
8.2 Middle East & Africa Steam Turbine MRO Market Size by Type (2019-2024)
8.3 Middle East & Africa Steam Turbine MRO Market Size by Application (2019-2024)
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 Global Steam Turbine MRO Market Forecast
10.1 Global Steam Turbine MRO Forecast by Regions (2025-2030)
10.1.1 Global Steam Turbine MRO Forecast by Regions (2025-2030)
10.1.2 Americas Steam Turbine MRO Forecast
10.1.3 APAC Steam Turbine MRO Forecast
10.1.4 Europe Steam Turbine MRO Forecast
10.1.5 Middle East & Africa Steam Turbine MRO Forecast
10.2 Americas Steam Turbine MRO Forecast by Country (2025-2030)
10.2.1 United States Steam Turbine MRO Market Forecast
10.2.2 Canada Steam Turbine MRO Market Forecast
10.2.3 Mexico Steam Turbine MRO Market Forecast
10.2.4 Brazil Steam Turbine MRO Market Forecast
10.3 APAC Steam Turbine MRO Forecast by Region (2025-2030)
10.3.1 China Steam Turbine MRO Market Forecast
10.3.2 Japan Steam Turbine MRO Market Forecast
10.3.3 Korea Steam Turbine MRO Market Forecast
10.3.4 Southeast Asia Steam Turbine MRO Market Forecast
10.3.5 India Steam Turbine MRO Market Forecast
10.3.6 Australia Steam Turbine MRO Market Forecast
10.4 Europe Steam Turbine MRO Forecast by Country (2025-2030)
10.4.1 Germany Steam Turbine MRO Market Forecast
10.4.2 France Steam Turbine MRO Market Forecast
10.4.3 UK Steam Turbine MRO Market Forecast
10.4.4 Italy Steam Turbine MRO Market Forecast
10.4.5 Russia Steam Turbine MRO Market Forecast
10.5 Middle East & Africa Steam Turbine MRO Forecast by Region (2025-2030)
10.5.1 Egypt Steam Turbine MRO Market Forecast
10.5.2 South Africa Steam Turbine MRO Market Forecast
10.5.3 Israel Steam Turbine MRO Market Forecast
10.5.4 Turkey Steam Turbine MRO Market Forecast
10.5.5 GCC Countries Steam Turbine MRO Market Forecast
10.6 Global Steam Turbine MRO Forecast by Type (2025-2030)
10.7 Global Steam Turbine MRO Forecast by Application (2025-2030)

11 Key Players Analysis
11.1 General Electric
11.1.1 General Electric Company Information
11.1.2 General Electric Steam Turbine MRO Product Offered
11.1.3 General Electric Steam Turbine MRO Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 General Electric Main Business Overview
11.1.5 General Electric Latest Developments
11.2 Siemens
11.2.1 Siemens Company Information
11.2.2 Siemens Steam Turbine MRO Product Offered
11.2.3 Siemens Steam Turbine MRO Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Siemens Main Business Overview
11.2.5 Siemens Latest Developments
11.3 Dongfang Turbine
11.3.1 Dongfang Turbine Company Information
11.3.2 Dongfang Turbine Steam Turbine MRO Product Offered
11.3.3 Dongfang Turbine Steam Turbine MRO Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Dongfang Turbine Main Business Overview
11.3.5 Dongfang Turbine Latest Developments
11.4 Shanghai Electric
11.4.1 Shanghai Electric Company Information
11.4.2 Shanghai Electric Steam Turbine MRO Product Offered
11.4.3 Shanghai Electric Steam Turbine MRO Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 Shanghai Electric Main Business Overview
11.4.5 Shanghai Electric Latest Developments
11.5 MHPS
11.5.1 MHPS Company Information
11.5.2 MHPS Steam Turbine MRO Product Offered
11.5.3 MHPS Steam Turbine MRO Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 MHPS Main Business Overview
11.5.5 MHPS Latest Developments
11.6 MAN Energy Solutions
11.6.1 MAN Energy Solutions Company Information
11.6.2 MAN Energy Solutions Steam Turbine MRO Product Offered
11.6.3 MAN Energy Solutions Steam Turbine MRO Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 MAN Energy Solutions Main Business Overview
11.6.5 MAN Energy Solutions Latest Developments
11.7 Elliot
11.7.1 Elliot Company Information
11.7.2 Elliot Steam Turbine MRO Product Offered
11.7.3 Elliot Steam Turbine MRO Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Elliot Main Business Overview
11.7.5 Elliot Latest Developments
11.8 EthosEnergy
11.8.1 EthosEnergy Company Information
11.8.2 EthosEnergy Steam Turbine MRO Product Offered
11.8.3 EthosEnergy Steam Turbine MRO Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 EthosEnergy Main Business Overview
11.8.5 EthosEnergy Latest Developments
11.9 Sulzer
11.9.1 Sulzer Company Information
11.9.2 Sulzer Steam Turbine MRO Product Offered
11.9.3 Sulzer Steam Turbine MRO Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Sulzer Main Business Overview
11.9.5 Sulzer Latest Developments
11.10 Harbin Electric
11.10.1 Harbin Electric Company Information
11.10.2 Harbin Electric Steam Turbine MRO Product Offered
11.10.3 Harbin Electric Steam Turbine MRO Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 Harbin Electric Main Business Overview
11.10.5 Harbin Electric Latest Developments
11.11 Ansaldo Energia
11.11.1 Ansaldo Energia Company Information
11.11.2 Ansaldo Energia Steam Turbine MRO Product Offered
11.11.3 Ansaldo Energia Steam Turbine MRO Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 Ansaldo Energia Main Business Overview
11.11.5 Ansaldo Energia Latest Developments
11.12 Toshiba Energy
11.12.1 Toshiba Energy Company Information
11.12.2 Toshiba Energy Steam Turbine MRO Product Offered
11.12.3 Toshiba Energy Steam Turbine MRO Revenue, Gross Margin and Market Share (2019-2024)
11.12.4 Toshiba Energy Main Business Overview
11.12.5 Toshiba Energy Latest Developments
11.13 Stork
11.13.1 Stork Company Information
11.13.2 Stork Steam Turbine MRO Product Offered
11.13.3 Stork Steam Turbine MRO Revenue, Gross Margin and Market Share (2019-2024)
11.13.4 Stork Main Business Overview
11.13.5 Stork Latest Developments
11.14 Hangzhou Steam Turbine
11.14.1 Hangzhou Steam Turbine Company Information
11.14.2 Hangzhou Steam Turbine Steam Turbine MRO Product Offered
11.14.3 Hangzhou Steam Turbine Steam Turbine MRO Revenue, Gross Margin and Market Share (2019-2024)
11.14.4 Hangzhou Steam Turbine Main Business Overview
11.14.5 Hangzhou Steam Turbine Latest Developments
11.15 Kawasaki Heavy Industries
11.15.1 Kawasaki Heavy Industries Company Information
11.15.2 Kawasaki Heavy Industries Steam Turbine MRO Product Offered
11.15.3 Kawasaki Heavy Industries Steam Turbine MRO Revenue, Gross Margin and Market Share (2019-2024)
11.15.4 Kawasaki Heavy Industries Main Business Overview
11.15.5 Kawasaki Heavy Industries Latest Developments
11.16 Shandong Qingneng
11.16.1 Shandong Qingneng Company Information
11.16.2 Shandong Qingneng Steam Turbine MRO Product Offered
11.16.3 Shandong Qingneng Steam Turbine MRO Revenue, Gross Margin and Market Share (2019-2024)
11.16.4 Shandong Qingneng Main Business Overview
11.16.5 Shandong Qingneng Latest Developments
12 Research Findings and Conclusion

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