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Steam Turbine MRO Market - Global Industry Coverage, Service Type Coverage, Service Provider Coverage and By Fuel Type Coverage, Geographic Coverage and By Company)

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    Report

  • 238 Pages
  • November 2023
  • Region: Global
  • Fairfield Market Research
  • ID: 5901091
Description Jump to:

Steam turbine market revenue to jump from US$21.9 Bn attained in 2022, to US$32 Bn by 2030-end

The global steam turbine market is on the verge of a substantial transformation, with revenue expected to surge from the $21.9 billion recorded in 2022 to an impressive $32 billion by the end of 2030. This robust growth trend reflects a CAGR of 5.6% between 2023 and 2030, as highlighted in a recent market analysis.

Digital Technologies Drive Innovation

Digital technologies, including sensors, the Internet of Things (IoT), and data analytics, are at the forefront of revolutionizing the steam turbine Maintenance, Repair, and Overhaul (MRO) market. These innovations enable real-time monitoring of turbine health, facilitating predictive maintenance to preempt unexpected failures and minimize costly downtime.

Condition-Based Monitoring Takes Center Stage

Another key driver of growth in the steam turbine MRO market is the increasing reliance on condition-based monitoring systems. These systems continuously collect crucial data, such as temperature and vibration, to assess turbine condition. Timely interventions based on this data enhance overall reliability and performance.

Categories Driving Market Domination

In 2022, the 300MW to 599MW category emerged as the dominant segment within the industry. MRO procedures within this category optimize steam turbine performance, resulting in increased productivity, reduced energy consumption, and enhanced power generation. Additionally, the less than 300MW category is projected to experience rapid market growth, highlighting the benefits of regular maintenance in extending the working life of turbines.

Power Generation Sector Takes the Lead

Globally, the power generation segment is expected to maintain its dominance in the steam turbine MRO market. Regular checks, cleaning, and tuning are essential to maintain and improve the efficiency of steam turbines involved in electrical energy production.

Maintenance Category Thrives

The maintenance category held a commanding position in the industry in 2022. Adequate maintenance and servicing significantly extend the operational life of steam turbines, contributing to improved energy efficiency, reduced fuel consumption, and increased power output. Moreover, the repair category is set to witness substantial growth during the forecast period.

Independent Service Providers Excel

The independent service provider category is highly prevalent in the market for steam turbine MRO. These providers exhibit in-depth expertise in steam turbine MRO, comprehending the nuances of steam turbine technology, thereby delivering efficient and effective services. Additionally, the in-house category is expected to grow rapidly within the forecast timeframe.

Global Regional Leaders

The Asia-Pacific (APAC) region is anticipated to command the largest share of the global steam turbine MRO market, particularly in countries like China and India. APAC is witnessing rapid industrial expansion, and its numerous power generation facilities with aging steam turbines necessitate regular maintenance and overhauls to ensure efficient and safe operation.

North America Embraces Sustainable Energy

North America is also experiencing an expansion in the steam turbine MRO market due to its shift towards cleaner and more sustainable energy sources. Investment in enhancing the efficiency and environmental friendliness of existing steam turbines is evident, with aging power generation infrastructure requiring maintenance and overhauls to comply with strict safety and environmental standards.

Global Leaders in Steam Turbine MRO

In this evolving landscape, several key players are leading the global steam turbine MRO space, including:

  • General Electric
  • Sulzer
  • Stork
  • Hyundai Heavy Industries Co., Ltd
  • Ansaldo Energia
  • Shanghai Electric
  • Mitsubishi Power
  • Elliott Group
  • Kessels
  • Siemens AG
  • Doosan Enerbility Co., Ltd.
  • Dongfang Electric Corporation Limited
  • Harbin Electric Co., Ltd.
  • GE Power (GE Vernova)
  • Toshiba Energy Systems & Solutions Corporation


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Table of Contents

1. Executive Summary
1.1. Global Steam Turbine MRO Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2022
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Steam Turbine MRO Market Outlook, 2018 - 2030
3.1. Global Steam Turbine MRO Market Outlook, by Capacity, Value (US$ Bn), 2018 - 2030
3.1.1. Key Highlights
3.1.1.1. Less than 300 MW
3.1.1.2. 300 MW to 599 MW
3.1.1.3. 600 MW and Above
3.2. Global Steam Turbine MRO Market Outlook, by End-Use Industry, Value (US$ Bn), 2018 - 2030
3.2.1. Key Highlights
3.2.1.1. Power Generation
3.2.1.2. Oil and Gas
3.2.1.3. Others
3.3. Global Steam Turbine MRO Market Outlook, by Service Type, Value (US$ Bn), 2018 - 2030
3.3.1. Key Highlights
3.3.1.1. Maintenance
3.3.1.2. Repair
3.3.1.3. Overhaul
3.4. Global Steam Turbine MRO Market Outlook, by Service Provider, Value (US$ Bn), 2018 - 2030
3.4.1. Key Highlights Snacks
3.4.1.1. Independent Service Providers
3.4.1.2. In-House
3.4.1.3. Original Equipment Manufacturers
3.5. Global Steam Turbine MRO Market Outlook, by Fuel Type, Value (US$ Bn), 2018 - 2030
3.5.1. Key Highlights
3.5.1.1. Coal
3.5.1.2. Natural Gas
3.5.1.3. Nuclear
3.6. Global Steam Turbine MRO Market Outlook, by Reign, Value (US$ Bn), 2018 - 2030
3.6.1. Key Highlights
3.6.1.1. North America
3.6.1.2. Europe
3.6.1.3. Asia Pacific
3.6.1.4. Latin America
3.6.1.5. Middle East & Africa
4. North America Steam Turbine MRO Market Outlook, 2018 - 2030
4.1. North America Steam Turbine MRO Market Outlook, by Capacity, Value (US$ Bn), 2018 - 2030
4.1.1. Key Highlights
4.1.1.1. Less than 300 MW
4.1.1.2. 300 MW to 599 MW
4.1.1.3. 600 MW and Above
4.2. North America Steam Turbine MRO Market Outlook, by End-Use Industry, Value (US$ Bn), 2018 - 2030
4.2.1. Key Highlights
4.2.1.1. Power Generation
4.2.1.2. Oil and Gas
4.2.1.3. Others
4.3. North America Steam Turbine MRO Market Outlook, by Service Type, Value (US$ Bn), 2018 - 2030
4.3.1. Key Highlights
4.3.1.1. Maintenance
4.3.1.2. Repair
4.3.1.3. Overhaul
4.4. North America Steam Turbine MRO Market Outlook, by Service Provider, Value (US$ Bn), 2018 - 2030
4.4.1. Key Highlights
4.4.1.1. Independent Service Providers
4.4.1.2. In-House
4.4.1.3. Original Equipment Manufacturers
4.5. North America Steam Turbine MRO Market Outlook, by Fuel Type, Value (US$ Bn), 2018 - 2030
4.5.1. Key Highlights
4.5.1.1. Coal
4.5.1.2. Natural Gas
4.5.1.3. Nuclear
4.5.2. BPS Analysis/Market Attractiveness Analysis
4.6. North America Steam Turbine MRO Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
4.6.1. Key Highlights
4.6.1.1. U.S. Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
4.6.1.2. U.S. Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
4.6.1.3. U.S. Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
4.6.1.4. U.S. Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
4.6.1.5. U.S. Steam Turbine MRO Market Fuel Type, Value (US$ Bn), 2018 - 2030
4.6.1.6. Canada Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
4.6.1.7. Canada Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
4.6.1.8. Canada Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
4.6.1.9. Canada Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
4.6.1.10. Canada Steam Turbine MRO Market Fuel Type, Value (US$ Bn), 2018 - 2030
4.6.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Steam Turbine MRO Market Outlook, 2018 - 2030
5.1. Europe Steam Turbine MRO Market Outlook, by Capacity, Value (US$ Bn), 2018 - 2030
5.1.1. Key Highlights
5.1.1.1. Less than 300 MW
5.1.1.2. 300 MW to 599 MW
5.1.1.3. 600 MW and Above
5.2. Europe Steam Turbine MRO Market Outlook, by End-Use Industry, Value (US$ Bn), 2018 - 2030
5.2.1. Key Highlights
5.2.1.1. Power Generation
5.2.1.2. Oil and Gas
5.2.1.3. Others
5.3. Europe Steam Turbine MRO Market Outlook, by Service Type, Value (US$ Bn), 2018 - 2030
5.3.1. Key Highlights
5.3.1.1. Maintenance
5.3.1.2. Repair
5.3.1.3. Overhaul
5.4. Europe Steam Turbine MRO Market Outlook, by Service Provider, Value (US$ Bn), 2018 - 2030
5.4.1. Key Highlights
5.4.1.1. Independent Service Providers
5.4.1.2. In-House
5.4.1.3. Original Equipment Manufacturers
5.5. Europe Steam Turbine MRO Market Outlook, by Fuel Type, Value (US$ Bn), 2018 - 2030
5.5.1. Key Highlights
5.5.1.1. Coal
5.5.1.2. Natural Gas
5.5.1.3. Nuclear
5.5.2. BPS Analysis/Market Attractiveness Analysis
5.6. Europe Steam Turbine MRO Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
5.6.1. Key Highlights
5.6.1.1. Germany Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
5.6.1.2. Germany Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
5.6.1.3. Germany Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
5.6.1.4. Germany Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
5.6.1.5. Germany Steam Turbine MRO Market Fuel Type, Value (US$ Bn), 2018 - 2030
5.6.1.6. U.K. Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
5.6.1.7. U.K. Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
5.6.1.8. U.K. Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
5.6.1.9. U.K. Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
5.6.1.10. U.K. Steam Turbine MRO Market Fuel Type, Value (US$ Bn), 2018 - 2030
5.6.1.11. France Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
5.6.1.12. France Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
5.6.1.13. France Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
5.6.1.14. France Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
5.6.1.15. France Steam Turbine MRO Market Fuel Type, Value (US$ Bn), 2018 - 2030
5.6.1.16. Italy Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
5.6.1.17. Italy Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
5.6.1.18. Italy Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
5.6.1.19. Italy Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
5.6.1.20. Italy Steam Turbine MRO Market Fuel Type, Value (US$ Bn), 2018 - 2030
5.6.1.21. Turkey Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
5.6.1.22. Turkey Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
5.6.1.23. Turkey Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
5.6.1.24. Turkey Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
5.6.1.25. Turkey Steam Turbine MRO Market Fuel Type, Value (US$ Bn), 2018 - 2030
5.6.1.26. Russia Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
5.6.1.27. Russia Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
5.6.1.28. Russia Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
5.6.1.29. Russia Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
5.6.1.30. Russia Steam Turbine MRO Market Fuel Type, Value (US$ Bn), 2018 - 2030
5.6.1.31. Rest of Europe Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
5.6.1.32. Rest of Europe Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
5.6.1.33. Rest of Europe Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
5.6.1.34. Rest of Europe Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
5.6.1.35. Rest of Europe Steam Turbine MRO Market Fuel Type, Value (US$ Bn), 2018 - 2030
5.6.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Steam Turbine MRO Market Outlook, 2018 - 2030
6.1. Asia Pacific Steam Turbine MRO Market Outlook, by Capacity, Value (US$ Bn), 2018 - 2030
6.1.1. Key Highlights
6.1.1.1. Less than 300 MW
6.1.1.2. 300 MW to 599 MW
6.1.1.3. 600 MW and Above
6.2. Asia Pacific Steam Turbine MRO Market Outlook, by End-Use Industry, Value (US$ Bn), 2018 - 2030
6.2.1. Key Highlights
6.2.1.1. Power Generation
6.2.1.2. Oil and Gas
6.2.1.3. Others
6.3. Asia Pacific Steam Turbine MRO Market Outlook, by Service Type, Value (US$ Bn), 2018 - 2030
6.3.1. Key Highlights
6.3.1.1. Maintenance
6.3.1.2. Repair
6.3.1.3. Overhaul
6.4. Asia Pacific Steam Turbine MRO Market Outlook, by Service Provider, Value (US$ Bn), 2018 - 2030
6.4.1. Key Highlights
6.4.1.1. Independent Service Providers
6.4.1.2. In-House
6.4.1.3. Original Equipment Manufacturers
6.5. Asia Pacific Steam Turbine MRO Market Outlook, by Fuel Type, Value (US$ Bn), 2018 - 2030
6.5.1. Key Highlights
6.5.1.1. Coal
6.5.1.2. Natural Gas
6.5.1.3. Nuclear
6.5.2. BPS Analysis/Market Attractiveness Analysis
6.6. Asia Pacific Steam Turbine MRO Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
6.6.1. Key Highlights
6.6.1.1. China Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
6.6.1.2. China Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
6.6.1.3. China Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
6.6.1.4. China Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
6.6.1.5. China Steam Turbine MRO Market Fuel Type, Value (US$ Bn), 2018 - 2030
6.6.1.6. Japan Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
6.6.1.7. Japan Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
6.6.1.8. Japan Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
6.6.1.9. Japan Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
6.6.1.10. Japan Steam Turbine MRO Market Service Fuel Type, Value (US$ Bn), 2018 - 2030
6.6.1.11. South Korea Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
6.6.1.12. South Korea Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
6.6.1.13. South Korea Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
6.6.1.14. South Korea Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
6.6.1.15. South Korea Steam Turbine MRO Market Fuel Type, Value (US$ Bn), 2018 - 2030
6.6.1.16. India Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
6.6.1.17. India Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
6.6.1.18. India Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
6.6.1.19. India Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
6.6.1.20. India Steam Turbine MRO Market Service Fuel Type, Value (US$ Bn), 2018 - 2030
6.6.1.21. Southeast Asia Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
6.6.1.22. Southeast Asia Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
6.6.1.23. Southeast Asia Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
6.6.1.24. Southeast Asia Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
6.6.1.25. Southeast Asia Steam Turbine MRO Market Fuel Type, Value (US$ Bn), 2018 - 2030
6.6.1.26. Rest of Asia Pacific Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
6.6.1.27. Rest of Asia Pacific Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
6.6.1.28. Rest of Asia Pacific Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
6.6.1.29. Rest of Asia Pacific Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
6.6.1.30. Rest of Asia Pacific Steam Turbine MRO Market Fuel Type, Value (US$ Bn), 2018 - 2030
6.6.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Steam Turbine MRO Market Outlook, 2018 - 2030
7.1. Latin America Steam Turbine MRO Market Outlook, by Capacity, Value (US$ Bn), 2018 - 2030
7.1.1. Key Highlights
7.1.1.1. Less than 300 MW
7.1.1.2. 300 MW to 599 MW
7.1.1.3. 600 MW and Above
7.2. Latin America Steam Turbine MRO Market Outlook, by End-Use Industry, Value (US$ Bn), 2018 - 2030
7.2.1. Key Highlights
7.2.1.1. Power Generation
7.2.1.2. Oil and Gas
7.2.1.3. Others
7.3. Latin America Steam Turbine MRO Market Outlook, by Service Type, Value (US$ Bn), 2018 - 2030
7.3.1. Key Highlights
7.3.1.1. Maintenance
7.3.1.2. Repair
7.3.1.3. Overhaul
7.4. Latin America Steam Turbine MRO Market Outlook, by Service Provider, Value (US$ Bn), 2018 - 2030
7.4.1. Key Highlights
7.4.1.1. Independent Service Providers
7.4.1.2. In-House
7.4.1.3. Original Equipment Manufacturers
7.5. Latin America Steam Turbine MRO Market Outlook, by Fuel Type, Value (US$ Bn), 2018 - 2030
7.5.1. Key Highlights
7.5.1.1. Coal
7.5.1.2. Natural Gas
7.5.1.3. Nuclear
7.5.2. BPS Analysis/Market Attractiveness Analysis
7.6. Latin America Steam Turbine MRO Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
7.6.1. Key Highlights
7.6.1.1. Brazil Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
7.6.1.2. Brazil Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
7.6.1.3. Brazil Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
7.6.1.4. Mexico Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
7.6.1.5. Mexico Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
7.6.1.6. Mexico Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
7.6.1.7. Mexico Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
7.6.1.8. Argentina Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
7.6.1.9. Argentina Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
7.6.1.10. Argentina Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
7.6.1.11. Argentina Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
7.6.1.12. Rest of Latin America Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
7.6.1.13. Rest of Latin America Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
7.6.1.14. Rest of Latin America Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
7.6.1.15. Rest of Latin America Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
7.6.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Steam Turbine MRO Market Outlook, 2018 - 2030
8.1. Middle East & Africa Steam Turbine MRO Market Outlook, by Capacity, Value (US$ Bn), 2018 - 2030
8.1.1. Key Highlights
8.1.1.1. Less than 300 MW
8.1.1.2. 300 MW to 599 MW
8.1.1.3. 600 MW and Above
8.2. Middle East & Africa Steam Turbine MRO Market Outlook, by End-Use Industry, Value (US$ Bn), 2018 - 2030
8.2.1. Key Highlights
8.2.1.1. Power Generation
8.2.1.2. Oil and Gas
8.2.1.3. Others
8.3. Middle East & Africa Steam Turbine MRO Market Outlook, by Service Type, Value (US$ Bn), 2018 - 2030
8.3.1. Key Highlights
8.3.1.1. Maintenance
8.3.1.2. Repair
8.3.1.3. Overhaul
8.4. Middle East & Africa Steam Turbine MRO Market Outlook, by Service Provider, Value (US$ Bn), 2018 - 2030
8.4.1. Key Highlights
8.4.1.1. Independent Service Providers
8.4.1.2. In-House
8.4.1.3. Original Equipment Manufacturers
8.5. Middle East & Africa Steam Turbine MRO Market Outlook, by Service Provider, Value (US$ Bn), 2018 - 2030
8.5.1. Key Highlights
8.5.1.1. Coal
8.5.1.2. Natural Gas
8.5.1.3. Nuclear
8.5.2. BPS Analysis/Market Attractiveness Analysis
8.6. Middle East & Africa Steam Turbine MRO Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
8.6.1. Key Highlights
8.6.1.1. GCC Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
8.6.1.2. GCC Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
8.6.1.3. GCC Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
8.6.1.4. GCC Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
8.6.1.5. South Africa Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
8.6.1.6. South Africa Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
8.6.1.7. South Africa Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
8.6.1.8. South Africa Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
8.6.1.9. Egypt Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
8.6.1.10. Egypt Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
8.6.1.11. Egypt Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
8.6.1.12. Egypt Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
8.6.1.13. Nigeria Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
8.6.1.14. Nigeria Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
8.6.1.15. Nigeria Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
8.6.1.16. Nigeria Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
8.6.1.17. Rest of Middle East & Africa Steam Turbine MRO Market by Capacity, Value (US$ Bn), 2018 - 2030
8.6.1.18. Rest of Middle East & Africa Steam Turbine MRO Market End-Use Industry, Value (US$ Bn), 2018 - 2030
8.6.1.19. Rest of Middle East & Africa Steam Turbine MRO Market Service Type, Value (US$ Bn), 2018 - 2030
8.6.1.20. Rest of Middle East & Africa Steam Turbine MRO Market Service Provider, Value (US$ Bn), 2018 - 2030
8.6.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Service Type vs End-Use Industry Heatmap
9.2. Manufacturer vs End-Use Industry Heatmap
9.3. Company Market Share Analysis, 2022
9.4. Competitive Dashboard
9.5. Company Profiles
9.5.1. Blueprint
9.5.2. General Electric
9.5.2.1. Company Overview
9.5.2.2. Product Portfolio
9.5.2.3. Financial Overview
9.5.2.4. Business Strategies and Development
9.5.3. Sulzer
9.5.3.1. Company Overview
9.5.3.2. Product Portfolio
9.5.3.3. Financial Overview
9.5.3.4. Business Strategies and Development
9.5.4. Stork
9.5.4.1. Company Overview
9.5.4.2. Product Portfolio
9.5.4.3. Financial Overview
9.5.4.4. Business Strategies and Development
9.5.5. Hyundai Heavy Industries Co.
9.5.5.1. Company Overview
9.5.5.2. Product Portfolio
9.5.5.3. Financial Overview
9.5.5.4. Business Strategies and Development
9.5.6. Ansaldo Energia
9.5.6.1. Company Overview
9.5.6.2. Product Portfolio
9.5.6.3. Financial Overview
9.5.6.4. Business Strategies and Development
9.5.7. Shanghai Electric
9.5.7.1. Company Overview
9.5.7.2. Product Portfolio
9.5.7.3. Financial Overview
9.5.7.4. Business Strategies and Development
9.5.8. Mitsubishi Power
9.5.8.1. Company Overview
9.5.8.2. Product Portfolio
9.5.8.3. Financial Overview
9.5.8.4. Business Strategies and Development
9.5.9. Elliott Group
9.5.9.1. Company Overview
9.5.9.2. Product Portfolio
9.5.9.3. Business Strategies and Development
9.5.10. Kessels
9.5.10.1. Company Overview
9.5.10.2. Product Portfolio
9.5.10.3. Financial Overview
9.5.10.4. Business Strategies and Development
9.5.11. Siemens AG
9.5.11.1. Company Overview
9.5.11.2. Product Portfolio
9.5.11.3. Financial Overview
9.5.11.4. Business Strategies and Development
9.5.12. Doosan Enerbility Co., Ltd.
9.5.12.1. Company Overview
9.5.12.2. Product Portfolio
9.5.12.3. Financial Overview
9.5.12.4. Business Strategies and Development
9.5.13. Dongfang Electric Corporation Limited.
9.5.13.1. Company Overview
9.5.13.2. Product Portfolio
9.5.13.3. Financial Overview
9.5.13.4. Business Strategies and Development
9.5.14. Harbin Electric Co., Ltd.
9.5.14.1. Company Overview
9.5.14.2. Product Portfolio
9.5.14.3. Financial Overview
9.5.14.4. Business Strategies and Development
9.5.15. GE Power (GE Vernova)
9.5.15.1. Company Overview
9.5.15.2. Product Portfolio
9.5.15.3. Financial Overview
9.5.15.4. Business Strategies and Development
9.5.16. Toshiba Energy Systems & Solutions Corporation.
9.5.16.1. Company Overview
9.5.16.2. Product Portfolio
9.5.16.3. Financial Overview
9.5.16.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Companies Mentioned

  • General Electric
  • Sulzer
  • Stork
  • Hyundai Heavy Industries Co., Ltd
  • Ansaldo Energia
  • Shanghai Electric
  • Mitsubishi Power
  • Elliott Group
  • Kessels
  • Siemens AG
  • Doosan Enerbility Co., Ltd.
  • Dongfang Electric Corporation Limited
  • Harbin Electric Co., Ltd.
  • GE Power (GE Vernova)
  • Toshiba Energy Systems & Solutions Corporation

Methodology

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About the Steam Turbine MRO Market

In the Energy and Natural Resources sector, the Steam Turbine Maintenance, Repair, and Overhaul (MRO) market is a subset focused on the processes and services that ensure the operational viability and efficiency of steam turbines. These turbines are integral to electricity generation in power plants, including those utilizing fossil fuels like coal and natural gas, as well as nuclear and geothermal energy sources. The MRO market encompasses periodic inspections, routine maintenance, repairs, and upgrades that are essential for extending the lifespan of these machines and ensuring they operate at optimum efficiency, thereby enabling reliable energy production. Factors affecting this market include technological advancements, regulatory changes, the age of the turbine fleet, and the ongoing need for environmental compliance. The transition towards renewable energy sources and the phasing out of older, less efficient turbines can also influence the dynamics of the MRO market, as there may be a shift towards maintaining newer, eco-friendlier models. Notable companies that operate in the Steam Turbine MRO market include General Electric, Siemens Energy, Mitsubishi Hitachi Power Systems, Toshiba Energy Systems & Solutions Corporation, and Elliott Group. These companies provide a range of services from minor repairs to complete overhauls and may also offer retrofitting and upgrading services to improve turbine efficiency and environmental performance. Show Less Read more

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