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

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

Please note: The report will take approximately 2 business days to prepare and deliver.