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Global Steam Turbine MRO Market Research Report 2025
Synopsis
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.
The global Steam Turbine MRO market was valued at US$ 5546.1 million in 2023 and is anticipated to reach US$ 8103.5 million by 2030, witnessing a CAGR of 5.5% during the forecast period 2024-2030.
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.
This report 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.
Report Scope
The Steam Turbine MRO market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Steam Turbine MRO market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Steam Turbine MRO companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
Segment by Type
Maintenance
Repair
Overhaul
Spare Parts
Segment by Application
Power
Oil & Gas
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Steam Turbine MRO companies’ competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
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.
The global Steam Turbine MRO market was valued at US$ 5546.1 million in 2023 and is anticipated to reach US$ 8103.5 million by 2030, witnessing a CAGR of 5.5% during the forecast period 2024-2030.
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.
This report 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.
Report Scope
The Steam Turbine MRO market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Steam Turbine MRO market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Steam Turbine MRO companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
Segment by Type
Maintenance
Repair
Overhaul
Spare Parts
Segment by Application
Power
Oil & Gas
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Steam Turbine MRO companies’ competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Steam Turbine MRO Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Maintenance
1.2.3 Repair
1.2.4 Overhaul
1.2.5 Spare Parts
1.3 Market by Application
1.3.1 Global Steam Turbine MRO Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Power
1.3.3 Oil & Gas
1.3.4 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Steam Turbine MRO Market Perspective (2019-2030)
2.2 Steam Turbine MRO Growth Trends by Region
2.2.1 Global Steam Turbine MRO Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Steam Turbine MRO Historic Market Size by Region (2019-2024)
2.2.3 Steam Turbine MRO Forecasted Market Size by Region (2025-2030)
2.3 Steam Turbine MRO Market Dynamics
2.3.1 Steam Turbine MRO Industry Trends
2.3.2 Steam Turbine MRO Market Drivers
2.3.3 Steam Turbine MRO Market Challenges
2.3.4 Steam Turbine MRO Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Steam Turbine MRO Players by Revenue
3.1.1 Global Top Steam Turbine MRO Players by Revenue (2019-2024)
3.1.2 Global Steam Turbine MRO Revenue Market Share by Players (2019-2024)
3.2 Global Steam Turbine MRO Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Steam Turbine MRO Revenue
3.4 Global Steam Turbine MRO Market Concentration Ratio
3.4.1 Global Steam Turbine MRO Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Steam Turbine MRO Revenue in 2023
3.5 Steam Turbine MRO Key Players Head office and Area Served
3.6 Key Players Steam Turbine MRO Product Solution and Service
3.7 Date of Enter into Steam Turbine MRO Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Steam Turbine MRO Breakdown Data by Type
4.1 Global Steam Turbine MRO Historic Market Size by Type (2019-2024)
4.2 Global Steam Turbine MRO Forecasted Market Size by Type (2025-2030)
5 Steam Turbine MRO Breakdown Data by Application
5.1 Global Steam Turbine MRO Historic Market Size by Application (2019-2024)
5.2 Global Steam Turbine MRO Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Steam Turbine MRO Market Size (2019-2030)
6.2 North America Steam Turbine MRO Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Steam Turbine MRO Market Size by Country (2019-2024)
6.4 North America Steam Turbine MRO Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Steam Turbine MRO Market Size (2019-2030)
7.2 Europe Steam Turbine MRO Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Steam Turbine MRO Market Size by Country (2019-2024)
7.4 Europe Steam Turbine MRO Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Steam Turbine MRO Market Size (2019-2030)
8.2 Asia-Pacific Steam Turbine MRO Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Steam Turbine MRO Market Size by Region (2019-2024)
8.4 Asia-Pacific Steam Turbine MRO Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Steam Turbine MRO Market Size (2019-2030)
9.2 Latin America Steam Turbine MRO Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Steam Turbine MRO Market Size by Country (2019-2024)
9.4 Latin America Steam Turbine MRO Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Steam Turbine MRO Market Size (2019-2030)
10.2 Middle East & Africa Steam Turbine MRO Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Steam Turbine MRO Market Size by Country (2019-2024)
10.4 Middle East & Africa Steam Turbine MRO Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 General Electric
11.1.1 General Electric Company Detail
11.1.2 General Electric Business Overview
11.1.3 General Electric Steam Turbine MRO Introduction
11.1.4 General Electric Revenue in Steam Turbine MRO Business (2019-2024)
11.1.5 General Electric Recent Development
11.2 Siemens
11.2.1 Siemens Company Detail
11.2.2 Siemens Business Overview
11.2.3 Siemens Steam Turbine MRO Introduction
11.2.4 Siemens Revenue in Steam Turbine MRO Business (2019-2024)
11.2.5 Siemens Recent Development
11.3 Dongfang Turbine
11.3.1 Dongfang Turbine Company Detail
11.3.2 Dongfang Turbine Business Overview
11.3.3 Dongfang Turbine Steam Turbine MRO Introduction
11.3.4 Dongfang Turbine Revenue in Steam Turbine MRO Business (2019-2024)
11.3.5 Dongfang Turbine Recent Development
11.4 Shanghai Electric
11.4.1 Shanghai Electric Company Detail
11.4.2 Shanghai Electric Business Overview
11.4.3 Shanghai Electric Steam Turbine MRO Introduction
11.4.4 Shanghai Electric Revenue in Steam Turbine MRO Business (2019-2024)
11.4.5 Shanghai Electric Recent Development
11.5 MHPS
11.5.1 MHPS Company Detail
11.5.2 MHPS Business Overview
11.5.3 MHPS Steam Turbine MRO Introduction
11.5.4 MHPS Revenue in Steam Turbine MRO Business (2019-2024)
11.5.5 MHPS Recent Development
11.6 MAN Energy Solutions
11.6.1 MAN Energy Solutions Company Detail
11.6.2 MAN Energy Solutions Business Overview
11.6.3 MAN Energy Solutions Steam Turbine MRO Introduction
11.6.4 MAN Energy Solutions Revenue in Steam Turbine MRO Business (2019-2024)
11.6.5 MAN Energy Solutions Recent Development
11.7 Elliot
11.7.1 Elliot Company Detail
11.7.2 Elliot Business Overview
11.7.3 Elliot Steam Turbine MRO Introduction
11.7.4 Elliot Revenue in Steam Turbine MRO Business (2019-2024)
11.7.5 Elliot Recent Development
11.8 EthosEnergy
11.8.1 EthosEnergy Company Detail
11.8.2 EthosEnergy Business Overview
11.8.3 EthosEnergy Steam Turbine MRO Introduction
11.8.4 EthosEnergy Revenue in Steam Turbine MRO Business (2019-2024)
11.8.5 EthosEnergy Recent Development
11.9 Sulzer
11.9.1 Sulzer Company Detail
11.9.2 Sulzer Business Overview
11.9.3 Sulzer Steam Turbine MRO Introduction
11.9.4 Sulzer Revenue in Steam Turbine MRO Business (2019-2024)
11.9.5 Sulzer Recent Development
11.10 Harbin Electric
11.10.1 Harbin Electric Company Detail
11.10.2 Harbin Electric Business Overview
11.10.3 Harbin Electric Steam Turbine MRO Introduction
11.10.4 Harbin Electric Revenue in Steam Turbine MRO Business (2019-2024)
11.10.5 Harbin Electric Recent Development
11.11 Ansaldo Energia
11.11.1 Ansaldo Energia Company Detail
11.11.2 Ansaldo Energia Business Overview
11.11.3 Ansaldo Energia Steam Turbine MRO Introduction
11.11.4 Ansaldo Energia Revenue in Steam Turbine MRO Business (2019-2024)
11.11.5 Ansaldo Energia Recent Development
11.12 Toshiba Energy
11.12.1 Toshiba Energy Company Detail
11.12.2 Toshiba Energy Business Overview
11.12.3 Toshiba Energy Steam Turbine MRO Introduction
11.12.4 Toshiba Energy Revenue in Steam Turbine MRO Business (2019-2024)
11.12.5 Toshiba Energy Recent Development
11.13 Stork
11.13.1 Stork Company Detail
11.13.2 Stork Business Overview
11.13.3 Stork Steam Turbine MRO Introduction
11.13.4 Stork Revenue in Steam Turbine MRO Business (2019-2024)
11.13.5 Stork Recent Development
11.14 Hangzhou Steam Turbine
11.14.1 Hangzhou Steam Turbine Company Detail
11.14.2 Hangzhou Steam Turbine Business Overview
11.14.3 Hangzhou Steam Turbine Steam Turbine MRO Introduction
11.14.4 Hangzhou Steam Turbine Revenue in Steam Turbine MRO Business (2019-2024)
11.14.5 Hangzhou Steam Turbine Recent Development
11.15 Kawasaki Heavy Industries
11.15.1 Kawasaki Heavy Industries Company Detail
11.15.2 Kawasaki Heavy Industries Business Overview
11.15.3 Kawasaki Heavy Industries Steam Turbine MRO Introduction
11.15.4 Kawasaki Heavy Industries Revenue in Steam Turbine MRO Business (2019-2024)
11.15.5 Kawasaki Heavy Industries Recent Development
11.16 Shandong Qingneng
11.16.1 Shandong Qingneng Company Detail
11.16.2 Shandong Qingneng Business Overview
11.16.3 Shandong Qingneng Steam Turbine MRO Introduction
11.16.4 Shandong Qingneng Revenue in Steam Turbine MRO Business (2019-2024)
11.16.5 Shandong Qingneng Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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