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 ?all 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.

Steam Turbine MRO Market aims to provide a comprehensive presentation of the global market for Steam Turbine MRO, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Steam Turbine MRO. Steam Turbine MRO Market contains market size and forecasts of Steam Turbine MRO in global, including the following market information:

Global Steam Turbine MRO Market Revenue, 2018-2023, 2024-2029, ($ millions)

Global top five companies in 2022 (%)

The global Steam Turbine MRO market was valued at US$ 5706.7 million in 2022 and is projected to reach US$ 8172 million by 2029, at a CAGR of 5.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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.

We surveyed the Steam Turbine MRO companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Steam Turbine MRO Market, by Type, 2018-2023, 2024-2029 ($ millions)

Global Steam Turbine MRO Market Segment Percentages, by Type, 2022 (%)

Maintenance

Repair

Overhaul

Spare Parts

Global Steam Turbine MRO Market, by Application, 2018-2023, 2024-2029 ($ millions)

Global Steam Turbine MRO Market Segment Percentages, by Application, 2022 (%)

Power

Oil & Gas

Others

Global Steam Turbine MRO Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)

Global Steam Turbine MRO Market Segment Percentages, By Region and Country, 2022 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Steam Turbine MRO revenues in global market, 2018-2023 (estimated), ($ millions)

Key companies Steam Turbine MRO revenues share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

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

Outline of Major Chapters:

Chapter 1: Introduces the definition of Steam Turbine MRO, market overview.

Chapter 2: Global Steam Turbine MRO market size in revenue.

Chapter 3: Detailed analysis of Steam Turbine MRO company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Steam Turbine MRO in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: The main points and conclusions of the report.