Steam Turbine MRO Market By Manufacturers, By Type of Service (Maintenance, Repair, Overhaul), By Type of Service Provider (Original Equipment Manufacturers, Independent Service Providers, In-House), By Plant Fuel (Coal, Natural Gas, Nuclear), By Capacity (Less than 300 MW, 300 MW to 599 MW, 600 MW and Above), and By Regions (North America, Europe, Middle East and Africa, Latin America and Asia Pacific) - Global Outlook to 2026
Report ID: 391280 | Feb 2020 | No. of Pages: 120
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Global Steam Turbine MRO Market is valued USD 25.69 Billion in 2019 and is projected is to exhibit 5.4 % CAGR during the forecast period. The market is projected to be around USD 37.12 Billion by 2026. The market is driven by the rapidly growing industrial, commercial, and residential operations.
The steam turbine is a rotary heat engine that converts thermal energy into electrical and mechanical energy. A steam turbine consists of a turbine, condenser, boiler (steam generator), feed pump, and a variety of auxiliary devices. The steam turbine generates about 90% of electricity in the world.
Steam Turbine MRO Market Dynamics
The steam turbine MRO market is expected to grow moderately on account of rapidly growing industrial, commercial, and residential operations. Thermal capacity is being added every year due to the rising demand for electricity. Frequent power cuts, blackouts, and load shedding have also contributed to the driving demand for steam turbines MRO market.
Additionally, the steam turbine MRO market is driving due to the rising government initiatives in compliance. Also, effective technology adaption coupled with the growing demand for electrification, and power generation applications are supposed to grow at a significant CAGR during the forecast period.
Steam Turbine MRO Market Insight
Based on the region, Asia Pacific is expected to have the largest market share in the steam turbine MRO market over the period, due to a growing fleet of aging turbines, and growth for thermal power plants in the region. Further, the rapid industrialization and urbanization in this region are also contributing to the growth of the steam turbine MRO market.
Steam Turbine MRO Market Segmentation
The global Steam Turbine MRO Market is segmented into type of service, type of service provider, plant fuel, capacity, and region. On the basis of the type of service the market is divided into maintenance, repair, and overhaul. Based on type of service provider the market is segmented into original equipment manufacturers, independent service providers, in-house. Based on plant fuel the market is segmented into coal, natural gas, nuclear. Based on capacity the market is segmented into less than 300 MW, 300 MW to 599 MW, 600 MW and above. And based on the geography the market is further segregated into North America, Latin America, Europe and Asia Pacific.
Steam Turbine MRO Market Competitive Landscape
The key players in Steam Turbine MRO Market are listed as GE, Sulzer, Stork, Mitsubishi Hitachi, Systems Americas, Turbine Generator Maintenance, MAN Diesel, Hyundai, JSW, Elliot, Ansaldo Energia, Kessels Steam Turbines, and Other.
The steam turbine is a rotary heat engine that converts thermal energy into electrical and mechanical energy. A steam turbine consists of a turbine, condenser, boiler (steam generator), feed pump, and a variety of auxiliary devices. The steam turbine generates about 90% of electricity in the world.
Steam Turbine MRO Market Dynamics
The steam turbine MRO market is expected to grow moderately on account of rapidly growing industrial, commercial, and residential operations. Thermal capacity is being added every year due to the rising demand for electricity. Frequent power cuts, blackouts, and load shedding have also contributed to the driving demand for steam turbines MRO market.
Additionally, the steam turbine MRO market is driving due to the rising government initiatives in compliance. Also, effective technology adaption coupled with the growing demand for electrification, and power generation applications are supposed to grow at a significant CAGR during the forecast period.
Steam Turbine MRO Market Insight
Based on the region, Asia Pacific is expected to have the largest market share in the steam turbine MRO market over the period, due to a growing fleet of aging turbines, and growth for thermal power plants in the region. Further, the rapid industrialization and urbanization in this region are also contributing to the growth of the steam turbine MRO market.
Steam Turbine MRO Market Segmentation
The global Steam Turbine MRO Market is segmented into type of service, type of service provider, plant fuel, capacity, and region. On the basis of the type of service the market is divided into maintenance, repair, and overhaul. Based on type of service provider the market is segmented into original equipment manufacturers, independent service providers, in-house. Based on plant fuel the market is segmented into coal, natural gas, nuclear. Based on capacity the market is segmented into less than 300 MW, 300 MW to 599 MW, 600 MW and above. And based on the geography the market is further segregated into North America, Latin America, Europe and Asia Pacific.
Steam Turbine MRO Market Competitive Landscape
The key players in Steam Turbine MRO Market are listed as GE, Sulzer, Stork, Mitsubishi Hitachi, Systems Americas, Turbine Generator Maintenance, MAN Diesel, Hyundai, JSW, Elliot, Ansaldo Energia, Kessels Steam Turbines, and Other.
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. DefinitionChapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & LimitationsChapter 3. Executive SummaryChapter 4. Market Outlook
4.1. Market Dynamics
4.1.1. Market Drivers
4.1.2. Market Restraints
4.1.3. Market Opportunities
4.2. Porter’s Analysis
4.3. Value Chain AnalysisChapter 5. Steam Turbine MRO Market, By Type of Service
5.1. Steam Turbine MRO Market, By Type of Service, 2018-2026
5.2. Maintenance
5.3. Repair
5.4. OverhaulChapter 6. Steam Turbine MRO Market, By Type of Service Provider
6.1. Steam Turbine MRO Market, By Type of Service Provider, 2018-2026
6.2. Original Equipment Manufacturers
6.3. Independent Service Providers
6.4. In-HouseChapter 7. Steam Turbine MRO Market, By Plant Fuel
7.1. Steam Turbine MRO Market, By Plant Fuel, 2018-2026
7.2. Coal
7.3. Natural Gas
7.4. NuclearChapter 8. Steam Turbine MRO Market, By Capacity
8.1. Steam Turbine MRO Market, By Capacity, 2018-2026
8.2. Less than 300 MW
8.3. 300 MW to 51111 MW
8.4. 600 MW and AboveChapter 9. Steam Turbine MRO Market, By Region
9.1. Steam Turbine MRO Market, by Region, 2018-2026
9.1.1. North America
9.1.1.1. U.S
9.1.1.2. Rest of North America
9.1.2. Europe
9.1.2.1. U.K.
9.1.2.2. Germany
9.1.2.3. France
9.1.2.4. Rest of the Europe
9.1.3. Middle East & Africa (MEA)
9.1.3.1. GCC
9.1.3.2. North Africa
9.1.3.3. South Africa
9.1.3.4. Rest of MEA
9.1.4. Latin America (LATAM)
9.1.4.1. Brazil
9.1.4.2. Rest of LATAM
9.1.5. Asia Pacific (APAC)
9.1.5.1. India
9.1.5.2. China
9.1.5.3. Japan
9.1.5.4. Rest of the APACChapter 10. Competitive Landscape
10.1.1. Key Strategies Adopted by Players
10.1.2. Market Share/Positioning AnalysisChapter 11. Company Profiles11.1. GE
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives11.2. Sulzer
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives11.3. Stork
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives11.4. Mitsubishi Hitachi
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives11.5 Systems Americas
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives11.6. Turbine Generator Maintenance
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives11.7. MAN Diesel
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives11.8. Hyundai
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives11.9. JSW
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives11.10. Elliot
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives11.11. Ansaldo Energia
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives11.12. Kessels Steam Turbines
11.12.1. Company Overview
11.12.2. Product Offerings
11.12.3. Financial Performance
11.12.4. Recent Initiatives11.13. List of other companies
11.13.1. Company Overview
11.13.2. Product Offerings
11.13.3. Financial Performance
11.13.4. Recent InitiativesChapter 10. Appendix
10.1. About Us
10.2. Glossary of Terms
1.1. Research Objective
1.2. Scope of the Study
1.3. DefinitionChapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & LimitationsChapter 3. Executive SummaryChapter 4. Market Outlook
4.1. Market Dynamics
4.1.1. Market Drivers
4.1.2. Market Restraints
4.1.3. Market Opportunities
4.2. Porter’s Analysis
4.3. Value Chain AnalysisChapter 5. Steam Turbine MRO Market, By Type of Service
5.1. Steam Turbine MRO Market, By Type of Service, 2018-2026
5.2. Maintenance
5.3. Repair
5.4. OverhaulChapter 6. Steam Turbine MRO Market, By Type of Service Provider
6.1. Steam Turbine MRO Market, By Type of Service Provider, 2018-2026
6.2. Original Equipment Manufacturers
6.3. Independent Service Providers
6.4. In-HouseChapter 7. Steam Turbine MRO Market, By Plant Fuel
7.1. Steam Turbine MRO Market, By Plant Fuel, 2018-2026
7.2. Coal
7.3. Natural Gas
7.4. NuclearChapter 8. Steam Turbine MRO Market, By Capacity
8.1. Steam Turbine MRO Market, By Capacity, 2018-2026
8.2. Less than 300 MW
8.3. 300 MW to 51111 MW
8.4. 600 MW and AboveChapter 9. Steam Turbine MRO Market, By Region
9.1. Steam Turbine MRO Market, by Region, 2018-2026
9.1.1. North America
9.1.1.1. U.S
9.1.1.2. Rest of North America
9.1.2. Europe
9.1.2.1. U.K.
9.1.2.2. Germany
9.1.2.3. France
9.1.2.4. Rest of the Europe
9.1.3. Middle East & Africa (MEA)
9.1.3.1. GCC
9.1.3.2. North Africa
9.1.3.3. South Africa
9.1.3.4. Rest of MEA
9.1.4. Latin America (LATAM)
9.1.4.1. Brazil
9.1.4.2. Rest of LATAM
9.1.5. Asia Pacific (APAC)
9.1.5.1. India
9.1.5.2. China
9.1.5.3. Japan
9.1.5.4. Rest of the APACChapter 10. Competitive Landscape
10.1.1. Key Strategies Adopted by Players
10.1.2. Market Share/Positioning AnalysisChapter 11. Company Profiles11.1. GE
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives11.2. Sulzer
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives11.3. Stork
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives11.4. Mitsubishi Hitachi
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives11.5 Systems Americas
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives11.6. Turbine Generator Maintenance
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives11.7. MAN Diesel
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives11.8. Hyundai
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives11.9. JSW
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives11.10. Elliot
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives11.11. Ansaldo Energia
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives11.12. Kessels Steam Turbines
11.12.1. Company Overview
11.12.2. Product Offerings
11.12.3. Financial Performance
11.12.4. Recent Initiatives11.13. List of other companies
11.13.1. Company Overview
11.13.2. Product Offerings
11.13.3. Financial Performance
11.13.4. Recent InitiativesChapter 10. Appendix
10.1. About Us
10.2. Glossary of Terms
GE
Sulzer
Stork
Mitsubishi Hitachi
Systems Americas
Turbine Generator Maintenance
MAN Diesel
Hyundai
JSW
Elliot
Ansaldo Energia
Kessels Steam Turbines
Other
Sulzer
Stork
Mitsubishi Hitachi
Systems Americas
Turbine Generator Maintenance
MAN Diesel
Hyundai
JSW
Elliot
Ansaldo Energia
Kessels Steam Turbines
Other
1. This report provides in depth analysis for changing competitive dynamics and keeps you ahead of competitors
2. Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
3. It provides a forward looking perspective on different factors driving or restraining market growth
4. It provides an eight-year forecast assessed on the basis of how the market is expected to grow
5. It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of various market segment
6. Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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