The global steam turbine MRO market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for power generation and industrialization in emerging economies such as China and India. The increasing demand for power generation is due to the growing population, which has led to an increase in electricity consumption. In addition, industrialization has also increased due to rapid urbanization and economic development in these countries.
- The increasing demand for electricity in developing countries is driving the market growth.
- The need to replace aging turbines is also driving the market growth.
- The increasing number of power plants being built in emerging economies is also a factor that will drive the market growth.
- Increasing investments by governments and private companies in renewable energy sources such as wind and solar power are also driving the market growth.
- Increasing awareness about environmental issues such as global warming, air pollution, and climate change are also factors that will drive the market.
Industry Growth Insights published a new data on “Steam Turbine MRO Market”. The research report is titled “Steam Turbine MRO Market research by Types (Axial, Radial, Mixed, Tangential or Helical, Reentry), By Applications (Power Station, Petrochemical, Industrial, Transport, Others), By Players/Companies GE, Sulzer, Stork, Mitsubishi Hitachi, Systems Americas, Turbine Generator Maintenance, MAN Diesel, Hyundai, JSW, Elliot, Ansaldo Energia, Kessels Steam Turbines”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Steam Turbine MRO Market Research Report
By Type
Axial, Radial, Mixed, Tangential or Helical, Reentry
By Application
Power Station, Petrochemical, Industrial, Transport, Others
By Companies
GE, Sulzer, Stork, Mitsubishi Hitachi, Systems Americas, Turbine Generator Maintenance, MAN Diesel, Hyundai, JSW, Elliot, Ansaldo Energia, Kessels Steam Turbines
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Steam Turbine MRO Market Report Segments:
The global Steam Turbine MRO market is segmented on the basis of:
Types
Axial, Radial, Mixed, Tangential or Helical, Reentry
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Station, Petrochemical, Industrial, Transport, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE
- Sulzer
- Stork
- Mitsubishi Hitachi
- Systems Americas
- Turbine Generator Maintenance
- MAN Diesel
- Hyundai
- JSW
- Elliot
- Ansaldo Energia
- Kessels Steam Turbines
Highlights of The Steam Turbine MRO Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Axial
- Radial
- Mixed
- Tangential or Helical
- Reentry
- By Application:
- Power Station
- Petrochemical
- Industrial
- Transport
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Steam Turbine MRO Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Steam turbine MRO is a type of maintenance, repair, and operations (MRO) service that provides support for steam-powered industrial plants. Steam turbines are used to generate power for industrial processes such as manufacturing, mining, and energy production.
Some of the key players operating in the steam turbine mro market are GE, Sulzer, Stork, Mitsubishi Hitachi, Systems Americas, Turbine Generator Maintenance, MAN Diesel, Hyundai, JSW, Elliot, Ansaldo Energia, Kessels Steam Turbines.
The steam turbine mro market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Steam Turbine MRO Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Steam Turbine MRO Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Steam Turbine MRO Market - Supply Chain
4.5. Global Steam Turbine MRO Market Forecast
4.5.1. Steam Turbine MRO Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Steam Turbine MRO Market Size (000 Units) and Y-o-Y Growth
4.5.3. Steam Turbine MRO Market Absolute $ Opportunity
5. Global Steam Turbine MRO Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Steam Turbine MRO Market Size and Volume Forecast by Type
5.3.1. Axial
5.3.2. Radial
5.3.3. Mixed
5.3.4. Tangential or Helical
5.3.5. Reentry
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Steam Turbine MRO Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Steam Turbine MRO Market Size and Volume Forecast by Application
6.3.1. Power Station
6.3.2. Petrochemical
6.3.3. Industrial
6.3.4. Transport
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Steam Turbine MRO Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Steam Turbine MRO Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Steam Turbine MRO Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Steam Turbine MRO Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Steam Turbine MRO Demand Share Forecast, 2019-2026
9. North America Steam Turbine MRO Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Steam Turbine MRO Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Steam Turbine MRO Market Size and Volume Forecast by Application
9.4.1. Power Station
9.4.2. Petrochemical
9.4.3. Industrial
9.4.4. Transport
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Steam Turbine MRO Market Size and Volume Forecast by Type
9.7.1. Axial
9.7.2. Radial
9.7.3. Mixed
9.7.4. Tangential or Helical
9.7.5. Reentry
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Steam Turbine MRO Demand Share Forecast, 2019-2026
10. Latin America Steam Turbine MRO Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Steam Turbine MRO Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Steam Turbine MRO Market Size and Volume Forecast by Application
10.4.1. Power Station
10.4.2. Petrochemical
10.4.3. Industrial
10.4.4. Transport
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Steam Turbine MRO Market Size and Volume Forecast by Type
10.7.1. Axial
10.7.2. Radial
10.7.3. Mixed
10.7.4. Tangential or Helical
10.7.5. Reentry
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Steam Turbine MRO Demand Share Forecast, 2019-2026
11. Europe Steam Turbine MRO Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Steam Turbine MRO Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Steam Turbine MRO Market Size and Volume Forecast by Application
11.4.1. Power Station
11.4.2. Petrochemical
11.4.3. Industrial
11.4.4. Transport
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Steam Turbine MRO Market Size and Volume Forecast by Type
11.7.1. Axial
11.7.2. Radial
11.7.3. Mixed
11.7.4. Tangential or Helical
11.7.5. Reentry
11.8. Basis Point Shae (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Steam Turbine MRO Demand Share, 2019-2026
12. Asia Pacific Steam Turbine MRO Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Steam Turbine MRO Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Steam Turbine MRO Market Size and Volume Forecast by Application
12.4.1. Power Station
12.4.2. Petrochemical
12.4.3. Industrial
12.4.4. Transport
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Steam Turbine MRO Market Size and Volume Forecast by Type
12.7.1. Axial
12.7.2. Radial
12.7.3. Mixed
12.7.4. Tangential or Helical
12.7.5. Reentry
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Steam Turbine MRO Demand Share, 2019-2026
13. Middle East & Africa Steam Turbine MRO Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Steam Turbine MRO Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Steam Turbine MRO Market Size and Volume Forecast by Application
13.4.1. Power Station
13.4.2. Petrochemical
13.4.3. Industrial
13.4.4. Transport
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Steam Turbine MRO Market Size and Volume Forecast by Type
13.7.1. Axial
13.7.2. Radial
13.7.3. Mixed
13.7.4. Tangential or Helical
13.7.5. Reentry
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Steam Turbine MRO Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Steam Turbine MRO Market: Market Share Analysis
14.2. Steam Turbine MRO Distributors and Customers
14.3. Steam Turbine MRO Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sulzer
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Stork
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mitsubishi Hitachi
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Systems Americas
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Turbine Generator Maintenance
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. MAN Diesel
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hyundai
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. JSW
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Elliot
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ansaldo Energia
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Kessels Steam Turbines
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
