Global Steam Turbine MRO Market Growth (Status and Outlook) 2023-2029

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.

LPI (LP Information)' newest research report, the “Steam Turbine MRO Industry Forecast” looks at past sales and reviews total world Steam Turbine MRO sales in 2022, providing a comprehensive analysis by region and market sector of projected Steam Turbine MRO sales for 2023 through 2029. With Steam Turbine MRO sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Steam Turbine MRO industry.

This Insight Report provides a comprehensive analysis of the global Steam Turbine MRO landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Steam Turbine MRO portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Steam Turbine MRO market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Steam Turbine MRO and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Steam Turbine MRO.

The global Steam Turbine MRO market size is projected to grow from US$ 5425.5 million in 2022 to US$ 8000.6 million in 2029; it is expected to grow at a CAGR of 5.7% from 2023 to 2029.

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 presents a comprehensive overview, market shares, and growth opportunities of Steam Turbine MRO market by product type, application, key players and key regions and countries.

Market Segmentation:
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

List of Tables
    Table 1. Steam Turbine MRO Market Size CAGR by Region (2018 VS 2022 VS 2029) & ($ Millions)
    Table 2. Major Players of Maintenance
    Table 3. Major Players of Repair
    Table 4. Major Players of Overhaul
    Table 5. Major Players of Spare Parts
    Table 6. Steam Turbine MRO Market Size CAGR by Type (2018 VS 2022 VS 2029) & ($ Millions)
    Table 7. Global Steam Turbine MRO Market Size by Type (2018-2023) & ($ Millions)
    Table 8. Global Steam Turbine MRO Market Size Market Share by Type (2018-2023)
    Table 9. Steam Turbine MRO Market Size CAGR by Application (2018 VS 2022 VS 2029) & ($ Millions)
    Table 10. Global Steam Turbine MRO Market Size by Application (2018-2023) & ($ Millions)
    Table 11. Global Steam Turbine MRO Market Size Market Share by Application (2018-2023)
    Table 12. Global Steam Turbine MRO Revenue by Players (2018-2023) & ($ Millions)
    Table 13. Global Steam Turbine MRO Revenue Market Share by Player (2018-2023)
    Table 14. Steam Turbine MRO Key Players Head office and Products Offered
    Table 15. Steam Turbine MRO Concentration Ratio (CR3, CR5 and CR10) & (2021-2023)
    Table 16. New Products and Potential Entrants
    Table 17. Mergers & Acquisitions, Expansion
    Table 18. Global Steam Turbine MRO Market Size by Regions 2018-2023 & ($ Millions)
    Table 19. Global Steam Turbine MRO Market Size Market Share by Regions (2018-2023)
    Table 20. Global Steam Turbine MRO Revenue by Country/Region (2018-2023) & ($ millions)
    Table 21. Global Steam Turbine MRO Revenue Market Share by Country/Region (2018-2023)
    Table 22. Americas Steam Turbine MRO Market Size by Country (2018-2023) & ($ Millions)
    Table 23. Americas Steam Turbine MRO Market Size Market Share by Country (2018-2023)
    Table 24. Americas Steam Turbine MRO Market Size by Type (2018-2023) & ($ Millions)
    Table 25. Americas Steam Turbine MRO Market Size Market Share by Type (2018-2023)
    Table 26. Americas Steam Turbine MRO Market Size by Application (2018-2023) & ($ Millions)
    Table 27. Americas Steam Turbine MRO Market Size Market Share by Application (2018-2023)
    Table 28. APAC Steam Turbine MRO Market Size by Region (2018-2023) & ($ Millions)
    Table 29. APAC Steam Turbine MRO Market Size Market Share by Region (2018-2023)
    Table 30. APAC Steam Turbine MRO Market Size by Type (2018-2023) & ($ Millions)
    Table 31. APAC Steam Turbine MRO Market Size Market Share by Type (2018-2023)
    Table 32. APAC Steam Turbine MRO Market Size by Application (2018-2023) & ($ Millions)
    Table 33. APAC Steam Turbine MRO Market Size Market Share by Application (2018-2023)
    Table 34. Europe Steam Turbine MRO Market Size by Country (2018-2023) & ($ Millions)
    Table 35. Europe Steam Turbine MRO Market Size Market Share by Country (2018-2023)
    Table 36. Europe Steam Turbine MRO Market Size by Type (2018-2023) & ($ Millions)
    Table 37. Europe Steam Turbine MRO Market Size Market Share by Type (2018-2023)
    Table 38. Europe Steam Turbine MRO Market Size by Application (2018-2023) & ($ Millions)
    Table 39. Europe Steam Turbine MRO Market Size Market Share by Application (2018-2023)
    Table 40. Middle East & Africa Steam Turbine MRO Market Size by Region (2018-2023) & ($ Millions)
    Table 41. Middle East & Africa Steam Turbine MRO Market Size Market Share by Region (2018-2023)
    Table 42. Middle East & Africa Steam Turbine MRO Market Size by Type (2018-2023) & ($ Millions)
    Table 43. Middle East & Africa Steam Turbine MRO Market Size Market Share by Type (2018-2023)
    Table 44. Middle East & Africa Steam Turbine MRO Market Size by Application (2018-2023) & ($ Millions)
    Table 45. Middle East & Africa Steam Turbine MRO Market Size Market Share by Application (2018-2023)
    Table 46. Key Market Drivers & Growth Opportunities of Steam Turbine MRO
    Table 47. Key Market Challenges & Risks of Steam Turbine MRO
    Table 48. Key Industry Trends of Steam Turbine MRO
    Table 49. Global Steam Turbine MRO Market Size Forecast by Regions (2024-2029) & ($ Millions)
    Table 50. Global Steam Turbine MRO Market Size Market Share Forecast by Regions (2024-2029)
    Table 51. Global Steam Turbine MRO Market Size Forecast by Type (2024-2029) & ($ Millions)
    Table 52. Global Steam Turbine MRO Market Size Forecast by Application (2024-2029) & ($ Millions)
    Table 53. General Electric Details, Company Type, Steam Turbine MRO Area Served and Its Competitors
    Table 54. General Electric Steam Turbine MRO Product Offered
    Table 55. General Electric Steam Turbine MRO Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 56. General Electric Main Business
    Table 57. General Electric Latest Developments
    Table 58. Siemens Details, Company Type, Steam Turbine MRO Area Served and Its Competitors
    Table 59. Siemens Steam Turbine MRO Product Offered
    Table 60. Siemens Main Business
    Table 61. Siemens Steam Turbine MRO Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 62. Siemens Latest Developments
    Table 63. Dongfang Turbine Details, Company Type, Steam Turbine MRO Area Served and Its Competitors
    Table 64. Dongfang Turbine Steam Turbine MRO Product Offered
    Table 65. Dongfang Turbine Main Business
    Table 66. Dongfang Turbine Steam Turbine MRO Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 67. Dongfang Turbine Latest Developments
    Table 68. Shanghai Electric Details, Company Type, Steam Turbine MRO Area Served and Its Competitors
    Table 69. Shanghai Electric Steam Turbine MRO Product Offered
    Table 70. Shanghai Electric Main Business
    Table 71. Shanghai Electric Steam Turbine MRO Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 72. Shanghai Electric Latest Developments
    Table 73. MHPS Details, Company Type, Steam Turbine MRO Area Served and Its Competitors
    Table 74. MHPS Steam Turbine MRO Product Offered
    Table 75. MHPS Main Business
    Table 76. MHPS Steam Turbine MRO Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 77. MHPS Latest Developments
    Table 78. MAN Energy Solutions Details, Company Type, Steam Turbine MRO Area Served and Its Competitors
    Table 79. MAN Energy Solutions Steam Turbine MRO Product Offered
    Table 80. MAN Energy Solutions Main Business
    Table 81. MAN Energy Solutions Steam Turbine MRO Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 82. MAN Energy Solutions Latest Developments
    Table 83. Elliot Details, Company Type, Steam Turbine MRO Area Served and Its Competitors
    Table 84. Elliot Steam Turbine MRO Product Offered
    Table 85. Elliot Main Business
    Table 86. Elliot Steam Turbine MRO Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 87. Elliot Latest Developments
    Table 88. EthosEnergy Details, Company Type, Steam Turbine MRO Area Served and Its Competitors
    Table 89. EthosEnergy Steam Turbine MRO Product Offered
    Table 90. EthosEnergy Main Business
    Table 91. EthosEnergy Steam Turbine MRO Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 92. EthosEnergy Latest Developments
    Table 93. Sulzer Details, Company Type, Steam Turbine MRO Area Served and Its Competitors
    Table 94. Sulzer Steam Turbine MRO Product Offered
    Table 95. Sulzer Main Business
    Table 96. Sulzer Steam Turbine MRO Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 97. Sulzer Latest Developments
    Table 98. Harbin Electric Details, Company Type, Steam Turbine MRO Area Served and Its Competitors
    Table 99. Harbin Electric Steam Turbine MRO Product Offered
    Table 100. Harbin Electric Main Business
    Table 101. Harbin Electric Steam Turbine MRO Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 102. Harbin Electric Latest Developments
    Table 103. Ansaldo Energia Details, Company Type, Steam Turbine MRO Area Served and Its Competitors
    Table 104. Ansaldo Energia Steam Turbine MRO Product Offered
    Table 105. Ansaldo Energia Steam Turbine MRO Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 106. Ansaldo Energia Main Business
    Table 107. Ansaldo Energia Latest Developments
    Table 108. Toshiba Energy Details, Company Type, Steam Turbine MRO Area Served and Its Competitors
    Table 109. Toshiba Energy Steam Turbine MRO Product Offered
    Table 110. Toshiba Energy Main Business
    Table 111. Toshiba Energy Steam Turbine MRO Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 112. Toshiba Energy Latest Developments
    Table 113. Stork Details, Company Type, Steam Turbine MRO Area Served and Its Competitors
    Table 114. Stork Steam Turbine MRO Product Offered
    Table 115. Stork Main Business
    Table 116. Stork Steam Turbine MRO Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 117. Stork Latest Developments
    Table 118. Hangzhou Steam Turbine Details, Company Type, Steam Turbine MRO Area Served and Its Competitors
    Table 119. Hangzhou Steam Turbine Steam Turbine MRO Product Offered
    Table 120. Hangzhou Steam Turbine Main Business
    Table 121. Hangzhou Steam Turbine Steam Turbine MRO Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 122. Hangzhou Steam Turbine Latest Developments
    Table 123. Kawasaki Heavy Industries Details, Company Type, Steam Turbine MRO Area Served and Its Competitors
    Table 124. Kawasaki Heavy Industries Steam Turbine MRO Product Offered
    Table 125. Kawasaki Heavy Industries Main Business
    Table 126. Kawasaki Heavy Industries Steam Turbine MRO Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 127. Kawasaki Heavy Industries Latest Developments
    Table 128. Shandong Qingneng Details, Company Type, Steam Turbine MRO Area Served and Its Competitors
    Table 129. Shandong Qingneng Steam Turbine MRO Product Offered
    Table 130. Shandong Qingneng Main Business
    Table 131. Shandong Qingneng Steam Turbine MRO Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 132. Shandong Qingneng Latest Developments
List of Figures
    Figure 1. Steam Turbine MRO Report Years Considered
    Figure 2. Research Objectives
    Figure 3. Research Methodology
    Figure 4. Research Process and Data Source
    Figure 5. Global Steam Turbine MRO Market Size Growth Rate 2018-2029 ($ Millions)
    Figure 6. Steam Turbine MRO Sales by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Figure 7. Steam Turbine MRO Sales Market Share by Country/Region (2022)
    Figure 8. Steam Turbine MRO Sales Market Share by Country/Region (2018, 2022 & 2029)
    Figure 9. Global Steam Turbine MRO Market Size Market Share by Type in 2022
    Figure 10. Steam Turbine MRO in Power
    Figure 11. Global Steam Turbine MRO Market: Power (2018-2023) & ($ Millions)
    Figure 12. Steam Turbine MRO in Oil & Gas
    Figure 13. Global Steam Turbine MRO Market: Oil & Gas (2018-2023) & ($ Millions)
    Figure 14. Steam Turbine MRO in Others
    Figure 15. Global Steam Turbine MRO Market: Others (2018-2023) & ($ Millions)
    Figure 16. Global Steam Turbine MRO Market Size Market Share by Application in 2022
    Figure 17. Global Steam Turbine MRO Revenue Market Share by Player in 2022
    Figure 18. Global Steam Turbine MRO Market Size Market Share by Regions (2018-2023)
    Figure 19. Americas Steam Turbine MRO Market Size 2018-2023 ($ Millions)
    Figure 20. APAC Steam Turbine MRO Market Size 2018-2023 ($ Millions)
    Figure 21. Europe Steam Turbine MRO Market Size 2018-2023 ($ Millions)
    Figure 22. Middle East & Africa Steam Turbine MRO Market Size 2018-2023 ($ Millions)
    Figure 23. Americas Steam Turbine MRO Value Market Share by Country in 2022
    Figure 24. United States Steam Turbine MRO Market Size Growth 2018-2023 ($ Millions)
    Figure 25. Canada Steam Turbine MRO Market Size Growth 2018-2023 ($ Millions)
    Figure 26. Mexico Steam Turbine MRO Market Size Growth 2018-2023 ($ Millions)
    Figure 27. Brazil Steam Turbine MRO Market Size Growth 2018-2023 ($ Millions)
    Figure 28. APAC Steam Turbine MRO Market Size Market Share by Region in 2022
    Figure 29. APAC Steam Turbine MRO Market Size Market Share by Type in 2022
    Figure 30. APAC Steam Turbine MRO Market Size Market Share by Application in 2022
    Figure 31. China Steam Turbine MRO Market Size Growth 2018-2023 ($ Millions)
    Figure 32. Japan Steam Turbine MRO Market Size Growth 2018-2023 ($ Millions)
    Figure 33. Korea Steam Turbine MRO Market Size Growth 2018-2023 ($ Millions)
    Figure 34. Southeast Asia Steam Turbine MRO Market Size Growth 2018-2023 ($ Millions)
    Figure 35. India Steam Turbine MRO Market Size Growth 2018-2023 ($ Millions)
    Figure 36. Australia Steam Turbine MRO Market Size Growth 2018-2023 ($ Millions)
    Figure 37. Europe Steam Turbine MRO Market Size Market Share by Country in 2022
    Figure 38. Europe Steam Turbine MRO Market Size Market Share by Type (2018-2023)
    Figure 39. Europe Steam Turbine MRO Market Size Market Share by Application (2018-2023)
    Figure 40. Germany Steam Turbine MRO Market Size Growth 2018-2023 ($ Millions)
    Figure 41. France Steam Turbine MRO Market Size Growth 2018-2023 ($ Millions)
    Figure 42. UK Steam Turbine MRO Market Size Growth 2018-2023 ($ Millions)
    Figure 43. Italy Steam Turbine MRO Market Size Growth 2018-2023 ($ Millions)
    Figure 44. Russia Steam Turbine MRO Market Size Growth 2018-2023 ($ Millions)
    Figure 45. Middle East & Africa Steam Turbine MRO Market Size Market Share by Region (2018-2023)
    Figure 46. Middle East & Africa Steam Turbine MRO Market Size Market Share by Type (2018-2023)
    Figure 47. Middle East & Africa Steam Turbine MRO Market Size Market Share by Application (2018-2023)
    Figure 48. Egypt Steam Turbine MRO Market Size Growth 2018-2023 ($ Millions)
    Figure 49. South Africa Steam Turbine MRO Market Size Growth 2018-2023 ($ Millions)
    Figure 50. Israel Steam Turbine MRO Market Size Growth 2018-2023 ($ Millions)
    Figure 51. Turkey Steam Turbine MRO Market Size Growth 2018-2023 ($ Millions)
    Figure 52. GCC Country Steam Turbine MRO Market Size Growth 2018-2023 ($ Millions)
    Figure 53. Americas Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 54. APAC Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 55. Europe Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 56. Middle East & Africa Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 57. United States Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 58. Canada Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 59. Mexico Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 60. Brazil Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 61. China Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 62. Japan Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 63. Korea Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 64. Southeast Asia Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 65. India Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 66. Australia Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 67. Germany Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 68. France Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 69. UK Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 70. Italy Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 71. Russia Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 72. Spain Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 73. Egypt Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 74. South Africa Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 75. Israel Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 76. Turkey Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 77. GCC Countries Steam Turbine MRO Market Size 2024-2029 ($ Millions)
    Figure 78. Global Steam Turbine MRO Market Size Market Share Forecast by Type (2024-2029)
    Figure 79. Global Steam Turbine MRO Market Size Market Share Forecast by Application (2024-2029)

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

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape