세계의 증기 터빈 MRO 시장 : 서비스 유형별, 서비스 제공업체별, 연료 유형별, 용량별, 최종 이용 산업별 - 기회 분석 및 산업 예측(2023-2032년)

According to a new report published by Allied Market Research, titled, "Steam Turbine MRO Market," The steam turbine MRO market was valued at $21.6 billion in 2022, and is estimated to reach $35.7 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032.

The steam turbine MRO market refers to the sector that provides maintenance, repair, and overhaul services specifically tailored for steam turbines used in power generation. It involves activities such as inspection, testing, repair, refurbishment, and optimization of steam turbines to ensure their reliable and efficient operation. MRO service providers offer specialized expertise, equipment, and resources to address the maintenance and repair needs of steam turbines, extending their lifespan, minimizing downtime, and optimizing power plant performance.

For the purpose of analysis, the steam turbine MRO market scope covers segmentation based on type of service, type of service providers, end-use industry, fuel type, capacity, and region. The report outlines the details of various services and service providers related to the steam turbine industry. In addition, the end-use industry covered in the study includes power generation, oil & gas, and others. Moreover, it analyzes the current market trends of steam turbine MRO across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests future growth opportunities.

The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained.

Impact of COVID-19 on Global Steam Turbine MRO Market

The pandemic created opportunities in certain aspects of the steam turbine MRO market. As industries adjusted to remote work and digital solutions, there was an increased focus on digitalization and remote monitoring technologies for maintenance and condition monitoring. This shift toward remote and predictive maintenance is expected to potentially enhance the efficiency and effectiveness of MRO services.

Furthermore, as the world recovers from the pandemic, there is a surge in recognition of the importance of resilient and sustainable infrastructure. Governments and industries may invest in upgrading and modernizing existing steam turbines to improve their performance, efficiency, and environmental impact. This is projected to lead to increased demand for MRO services in the future.

Impact of Russia-Ukraine War on Global Steam Turbine MRO Market

The Russia-Ukraine war had a significant impact on the steam turbine MRO (Maintenance, Repair, and Overhaul) market, particularly in Ukraine. The conflict has resulted in a disruption of the country's industrial operations, including power generation and manufacturing, which heavily rely on steam turbines. Infrastructure damage, loss of skilled personnel, and limited access to spare parts and equipment have hindered the ability to carry out regular maintenance and repairs on steam turbines.

Moreover, the geopolitical tensions and uncertainties surrounding the war have deterred investments in the Ukrainian market, leading to a slowdown in MRO activities. On the other hand, neighboring countries and international players have seen increased demand for steam turbine MRO services as they seek alternatives to Ukrainian suppliers.

Competitive Landscape

The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry. The key players in the market include Ansaldo Energia, Elliott Group, General Electric, Hyundai Heavy Industries Co Ltd., Kessels, Mitsubishi Power Ltd., Shanghai Electric, Siemens AG, Stork, and Sulzer.

Revenue of these companies are analyzed to obtain the total market value. The key players in the global steam turbine MRO market have adopted different strategies, such as design launch, expansion, collaboration, agreement, and acquisition to compete against each other in the global competitive market. The data pertaining to market players and their strategic moves are gathered through their annual reports and press releases of respective companies, various blogs available on their websites, and primary calls made to experts in the industry.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the steam turbine mro market analysis from 2022 to 2032 to identify the prevailing steam turbine mro market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the steam turbine mro market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global steam turbine mro market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Capacity

• Less than 300 MW
• 300 MW to 599 MW
• 600 MW and Above

By End-Use Industry

• Power Generation
• Oil and Gas
• Others

By Service Type

• Maintenance
• Repair
• Overhaul

By Service Provider

• Independent Service Providers
• In-House
• Original Equipment Manufacturers

By Fuel Type

• Coal
• Natural Gas
• Nuclear

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players:

• Hyundai Heavy Industries Co., Ltd
• Siemens AG
• Kessels
• Shanghai Electric
• Ansaldo Energia
• Stork
• Sulzer
• General Electric
• Mitsubishi Power
• Elliott Group

TABLE OF CONTENTS

CHAPTER 1: INTRODUCTION

• 1.1. Report description
• 1.2. Key market segments
• 1.3. Key benefits to the stakeholders
• 1.4. Research Methodology
  • 1.4.1. Primary research
  • 1.4.2. Secondary research
  • 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

• 2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

• 3.1. Market definition and scope
• 3.2. Key findings
  • 3.2.1. Top impacting factors
  • 3.2.2. Top investment pockets
• 3.3. Porter's five forces analysis
  • 3.3.1. Bargaining power of suppliers
  • 3.3.2. Bargaining power of buyers
  • 3.3.3. Threat of substitutes
  • 3.3.4. Threat of new entrants
  • 3.3.5. Intensity of rivalry
• 3.4. Market dynamics
  • 3.4.1. Drivers
    • 3.4.1.1. Aging infrastructure
    • 3.4.1.2. Increasing power demand
    • 3.4.1.3. Government regulations
    • 3.4.1.4. Technological advancements

• 3.4.2. Restraints
  • 3.4.2.1. High cost and market saturation
  • 3.4.2.2. Shift toward renewable energy

• 3.4.3. Opportunities
  • 3.4.3.1. Rise in demand in emerging market
  • 3.4.3.2. Surge in the demand for retrofit and upgrade services

• 3.5. COVID-19 Impact Analysis on the market
• 3.6. Key Regulation Analysis
• 3.7. Value Chain Analysis

CHAPTER 4: STEAM TURBINE MRO MARKET, BY SERVICE TYPE

• 4.1. Overview
  • 4.1.1. Market size and forecast
• 4.2. Maintenance
  • 4.2.1. Key market trends, growth factors and opportunities
  • 4.2.2. Market size and forecast, by region
  • 4.2.3. Market share analysis by country
• 4.3. Repair
  • 4.3.1. Key market trends, growth factors and opportunities
  • 4.3.2. Market size and forecast, by region
  • 4.3.3. Market share analysis by country
• 4.4. Overhaul
  • 4.4.1. Key market trends, growth factors and opportunities
  • 4.4.2. Market size and forecast, by region
  • 4.4.3. Market share analysis by country

CHAPTER 5: STEAM TURBINE MRO MARKET, BY SERVICE PROVIDER

• 5.1. Overview
  • 5.1.1. Market size and forecast
• 5.2. Original Equipment Manufacturers
  • 5.2.1. Key market trends, growth factors and opportunities
  • 5.2.2. Market size and forecast, by region
  • 5.2.3. Market share analysis by country
• 5.3. Independent Service Providers
  • 5.3.1. Key market trends, growth factors and opportunities
  • 5.3.2. Market size and forecast, by region
  • 5.3.3. Market share analysis by country
• 5.4. In-House
  • 5.4.1. Key market trends, growth factors and opportunities
  • 5.4.2. Market size and forecast, by region
  • 5.4.3. Market share analysis by country

CHAPTER 6: STEAM TURBINE MRO MARKET, BY FUEL TYPE

• 6.1. Overview
  • 6.1.1. Market size and forecast
• 6.2. Coal
  • 6.2.1. Key market trends, growth factors and opportunities
  • 6.2.2. Market size and forecast, by region
  • 6.2.3. Market share analysis by country
• 6.3. Natural Gas
  • 6.3.1. Key market trends, growth factors and opportunities
  • 6.3.2. Market size and forecast, by region
  • 6.3.3. Market share analysis by country
• 6.4. Nuclear
  • 6.4.1. Key market trends, growth factors and opportunities
  • 6.4.2. Market size and forecast, by region
  • 6.4.3. Market share analysis by country

CHAPTER 7: STEAM TURBINE MRO MARKET, BY CAPACITY

• 7.1. Overview
  • 7.1.1. Market size and forecast
• 7.2. Less than 300 MW
  • 7.2.1. Key market trends, growth factors and opportunities
  • 7.2.2. Market size and forecast, by region
  • 7.2.3. Market share analysis by country
• 7.3. 300 MW to 599 MW
  • 7.3.1. Key market trends, growth factors and opportunities
  • 7.3.2. Market size and forecast, by region
  • 7.3.3. Market share analysis by country
• 7.4. 600 MW and Above
  • 7.4.1. Key market trends, growth factors and opportunities
  • 7.4.2. Market size and forecast, by region
  • 7.4.3. Market share analysis by country

CHAPTER 8: STEAM TURBINE MRO MARKET, BY END-USE INDUSTRY

• 8.1. Overview
  • 8.1.1. Market size and forecast
• 8.2. Power Generation
  • 8.2.1. Key market trends, growth factors and opportunities
  • 8.2.2. Market size and forecast, by region
  • 8.2.3. Market share analysis by country
• 8.3. Oil and Gas
  • 8.3.1. Key market trends, growth factors and opportunities
  • 8.3.2. Market size and forecast, by region
  • 8.3.3. Market share analysis by country
• 8.4. Others
  • 8.4.1. Key market trends, growth factors and opportunities
  • 8.4.2. Market size and forecast, by region
  • 8.4.3. Market share analysis by country

CHAPTER 9: STEAM TURBINE MRO MARKET, BY REGION

• 9.1. Overview
  • 9.1.1. Market size and forecast By Region
• 9.2. North America
  • 9.2.1. Key trends and opportunities
  • 9.2.2. Market size and forecast, by Service Type
  • 9.2.3. Market size and forecast, by Service Provider
  • 9.2.4. Market size and forecast, by Fuel Type
  • 9.2.5. Market size and forecast, by Capacity
  • 9.2.6. Market size and forecast, by End-Use Industry
  • 9.2.7. Market size and forecast, by country
    • 9.2.7.1. U.S.
    • 9.2.7.1.1. Key market trends, growth factors and opportunities
    • 9.2.7.1.2. Market size and forecast, by Service Type
    • 9.2.7.1.3. Market size and forecast, by Service Provider
    • 9.2.7.1.4. Market size and forecast, by Fuel Type
    • 9.2.7.1.5. Market size and forecast, by Capacity
    • 9.2.7.1.6. Market size and forecast, by End-Use Industry
    • 9.2.7.2. Canada
    • 9.2.7.2.1. Key market trends, growth factors and opportunities
    • 9.2.7.2.2. Market size and forecast, by Service Type
    • 9.2.7.2.3. Market size and forecast, by Service Provider
    • 9.2.7.2.4. Market size and forecast, by Fuel Type
    • 9.2.7.2.5. Market size and forecast, by Capacity
    • 9.2.7.2.6. Market size and forecast, by End-Use Industry
    • 9.2.7.3. Mexico
    • 9.2.7.3.1. Key market trends, growth factors and opportunities
    • 9.2.7.3.2. Market size and forecast, by Service Type
    • 9.2.7.3.3. Market size and forecast, by Service Provider
    • 9.2.7.3.4. Market size and forecast, by Fuel Type
    • 9.2.7.3.5. Market size and forecast, by Capacity
    • 9.2.7.3.6. Market size and forecast, by End-Use Industry
• 9.3. Europe
  • 9.3.1. Key trends and opportunities
  • 9.3.2. Market size and forecast, by Service Type
  • 9.3.3. Market size and forecast, by Service Provider
  • 9.3.4. Market size and forecast, by Fuel Type
  • 9.3.5. Market size and forecast, by Capacity
  • 9.3.6. Market size and forecast, by End-Use Industry
  • 9.3.7. Market size and forecast, by country
    • 9.3.7.1. Germany
    • 9.3.7.1.1. Key market trends, growth factors and opportunities
    • 9.3.7.1.2. Market size and forecast, by Service Type
    • 9.3.7.1.3. Market size and forecast, by Service Provider
    • 9.3.7.1.4. Market size and forecast, by Fuel Type
    • 9.3.7.1.5. Market size and forecast, by Capacity
    • 9.3.7.1.6. Market size and forecast, by End-Use Industry
    • 9.3.7.2. France
    • 9.3.7.2.1. Key market trends, growth factors and opportunities
    • 9.3.7.2.2. Market size and forecast, by Service Type
    • 9.3.7.2.3. Market size and forecast, by Service Provider
    • 9.3.7.2.4. Market size and forecast, by Fuel Type
    • 9.3.7.2.5. Market size and forecast, by Capacity
    • 9.3.7.2.6. Market size and forecast, by End-Use Industry
    • 9.3.7.3. UK
    • 9.3.7.3.1. Key market trends, growth factors and opportunities
    • 9.3.7.3.2. Market size and forecast, by Service Type
    • 9.3.7.3.3. Market size and forecast, by Service Provider
    • 9.3.7.3.4. Market size and forecast, by Fuel Type
    • 9.3.7.3.5. Market size and forecast, by Capacity
    • 9.3.7.3.6. Market size and forecast, by End-Use Industry
    • 9.3.7.4. Italy
    • 9.3.7.4.1. Key market trends, growth factors and opportunities
    • 9.3.7.4.2. Market size and forecast, by Service Type
    • 9.3.7.4.3. Market size and forecast, by Service Provider
    • 9.3.7.4.4. Market size and forecast, by Fuel Type
    • 9.3.7.4.5. Market size and forecast, by Capacity
    • 9.3.7.4.6. Market size and forecast, by End-Use Industry
    • 9.3.7.5. Spain
    • 9.3.7.5.1. Key market trends, growth factors and opportunities
    • 9.3.7.5.2. Market size and forecast, by Service Type
    • 9.3.7.5.3. Market size and forecast, by Service Provider
    • 9.3.7.5.4. Market size and forecast, by Fuel Type
    • 9.3.7.5.5. Market size and forecast, by Capacity
    • 9.3.7.5.6. Market size and forecast, by End-Use Industry
    • 9.3.7.6. Rest of Europe
    • 9.3.7.6.1. Key market trends, growth factors and opportunities
    • 9.3.7.6.2. Market size and forecast, by Service Type
    • 9.3.7.6.3. Market size and forecast, by Service Provider
    • 9.3.7.6.4. Market size and forecast, by Fuel Type
    • 9.3.7.6.5. Market size and forecast, by Capacity
    • 9.3.7.6.6. Market size and forecast, by End-Use Industry
• 9.4. Asia-Pacific
  • 9.4.1. Key trends and opportunities
  • 9.4.2. Market size and forecast, by Service Type
  • 9.4.3. Market size and forecast, by Service Provider
  • 9.4.4. Market size and forecast, by Fuel Type
  • 9.4.5. Market size and forecast, by Capacity
  • 9.4.6. Market size and forecast, by End-Use Industry
  • 9.4.7. Market size and forecast, by country
    • 9.4.7.1. China
    • 9.4.7.1.1. Key market trends, growth factors and opportunities
    • 9.4.7.1.2. Market size and forecast, by Service Type
    • 9.4.7.1.3. Market size and forecast, by Service Provider
    • 9.4.7.1.4. Market size and forecast, by Fuel Type
    • 9.4.7.1.5. Market size and forecast, by Capacity
    • 9.4.7.1.6. Market size and forecast, by End-Use Industry
    • 9.4.7.2. Japan
    • 9.4.7.2.1. Key market trends, growth factors and opportunities
    • 9.4.7.2.2. Market size and forecast, by Service Type
    • 9.4.7.2.3. Market size and forecast, by Service Provider
    • 9.4.7.2.4. Market size and forecast, by Fuel Type
    • 9.4.7.2.5. Market size and forecast, by Capacity
    • 9.4.7.2.6. Market size and forecast, by End-Use Industry
    • 9.4.7.3. India
    • 9.4.7.3.1. Key market trends, growth factors and opportunities
    • 9.4.7.3.2. Market size and forecast, by Service Type
    • 9.4.7.3.3. Market size and forecast, by Service Provider
    • 9.4.7.3.4. Market size and forecast, by Fuel Type
    • 9.4.7.3.5. Market size and forecast, by Capacity
    • 9.4.7.3.6. Market size and forecast, by End-Use Industry
    • 9.4.7.4. South Korea
    • 9.4.7.4.1. Key market trends, growth factors and opportunities
    • 9.4.7.4.2. Market size and forecast, by Service Type
    • 9.4.7.4.3. Market size and forecast, by Service Provider
    • 9.4.7.4.4. Market size and forecast, by Fuel Type
    • 9.4.7.4.5. Market size and forecast, by Capacity
    • 9.4.7.4.6. Market size and forecast, by End-Use Industry
    • 9.4.7.5. Australia
    • 9.4.7.5.1. Key market trends, growth factors and opportunities
    • 9.4.7.5.2. Market size and forecast, by Service Type
    • 9.4.7.5.3. Market size and forecast, by Service Provider
    • 9.4.7.5.4. Market size and forecast, by Fuel Type
    • 9.4.7.5.5. Market size and forecast, by Capacity
    • 9.4.7.5.6. Market size and forecast, by End-Use Industry
    • 9.4.7.6. Rest of Asia-Pacific
    • 9.4.7.6.1. Key market trends, growth factors and opportunities
    • 9.4.7.6.2. Market size and forecast, by Service Type
    • 9.4.7.6.3. Market size and forecast, by Service Provider
    • 9.4.7.6.4. Market size and forecast, by Fuel Type
    • 9.4.7.6.5. Market size and forecast, by Capacity
    • 9.4.7.6.6. Market size and forecast, by End-Use Industry
• 9.5. LAMEA
  • 9.5.1. Key trends and opportunities
  • 9.5.2. Market size and forecast, by Service Type
  • 9.5.3. Market size and forecast, by Service Provider
  • 9.5.4. Market size and forecast, by Fuel Type
  • 9.5.5. Market size and forecast, by Capacity
  • 9.5.6. Market size and forecast, by End-Use Industry
  • 9.5.7. Market size and forecast, by country
    • 9.5.7.1. Brazil
    • 9.5.7.1.1. Key market trends, growth factors and opportunities
    • 9.5.7.1.2. Market size and forecast, by Service Type
    • 9.5.7.1.3. Market size and forecast, by Service Provider
    • 9.5.7.1.4. Market size and forecast, by Fuel Type
    • 9.5.7.1.5. Market size and forecast, by Capacity
    • 9.5.7.1.6. Market size and forecast, by End-Use Industry
    • 9.5.7.2. Saudi Arabia
    • 9.5.7.2.1. Key market trends, growth factors and opportunities
    • 9.5.7.2.2. Market size and forecast, by Service Type
    • 9.5.7.2.3. Market size and forecast, by Service Provider
    • 9.5.7.2.4. Market size and forecast, by Fuel Type
    • 9.5.7.2.5. Market size and forecast, by Capacity
    • 9.5.7.2.6. Market size and forecast, by End-Use Industry
    • 9.5.7.3. South Africa
    • 9.5.7.3.1. Key market trends, growth factors and opportunities
    • 9.5.7.3.2. Market size and forecast, by Service Type
    • 9.5.7.3.3. Market size and forecast, by Service Provider
    • 9.5.7.3.4. Market size and forecast, by Fuel Type
    • 9.5.7.3.5. Market size and forecast, by Capacity
    • 9.5.7.3.6. Market size and forecast, by End-Use Industry
    • 9.5.7.4. Rest of LAMEA
    • 9.5.7.4.1. Key market trends, growth factors and opportunities
    • 9.5.7.4.2. Market size and forecast, by Service Type
    • 9.5.7.4.3. Market size and forecast, by Service Provider
    • 9.5.7.4.4. Market size and forecast, by Fuel Type
    • 9.5.7.4.5. Market size and forecast, by Capacity
    • 9.5.7.4.6. Market size and forecast, by End-Use Industry

CHAPTER 10: COMPETITIVE LANDSCAPE

• 10.1. Introduction
• 10.2. Top winning strategies
• 10.3. Product Mapping of Top 10 Player
• 10.4. Competitive Dashboard
• 10.5. Competitive Heatmap
• 10.6. Top player positioning, 2022

CHAPTER 11: COMPANY PROFILES

• 11.1. Ansaldo Energia
  • 11.1.1. Company overview
  • 11.1.2. Key Executives
  • 11.1.3. Company snapshot
  • 11.1.4. Operating business segments
  • 11.1.5. Product portfolio
• 11.2. Elliott Group
  • 11.2.1. Company overview
  • 11.2.2. Key Executives
  • 11.2.3. Company snapshot
  • 11.2.4. Operating business segments
  • 11.2.5. Product portfolio
• 11.3. General Electric
  • 11.3.1. Company overview
  • 11.3.2. Key Executives
  • 11.3.3. Company snapshot
  • 11.3.4. Operating business segments
  • 11.3.5. Product portfolio
  • 11.3.6. Business performance
• 11.4. Hyundai Heavy Industries Co., Ltd
  • 11.4.1. Company overview
  • 11.4.2. Key Executives
  • 11.4.3. Company snapshot
  • 11.4.4. Operating business segments
  • 11.4.5. Product portfolio
  • 11.4.6. Business performance
• 11.5. Kessels
  • 11.5.1. Company overview
  • 11.5.2. Key Executives
  • 11.5.3. Company snapshot
  • 11.5.4. Operating business segments
  • 11.5.5. Product portfolio
• 11.6. Mitsubishi Power
  • 11.6.1. Company overview
  • 11.6.2. Key Executives
  • 11.6.3. Company snapshot
  • 11.6.4. Operating business segments
  • 11.6.5. Product portfolio
• 11.7. Shanghai Electric
  • 11.7.1. Company overview
  • 11.7.2. Key Executives
  • 11.7.3. Company snapshot
  • 11.7.4. Operating business segments
  • 11.7.5. Product portfolio
• 11.8. Siemens AG
  • 11.8.1. Company overview
  • 11.8.2. Key Executives
  • 11.8.3. Company snapshot
  • 11.8.4. Operating business segments
  • 11.8.5. Product portfolio
  • 11.8.6. Business performance
• 11.9. Stork
  • 11.9.1. Company overview
  • 11.9.2. Key Executives
  • 11.9.3. Company snapshot
  • 11.9.4. Operating business segments
  • 11.9.5. Product portfolio
  • 11.9.6. Key strategic moves and developments
• 11.10. Sulzer
  • 11.10.1. Company overview
  • 11.10.2. Key Executives
  • 11.10.3. Company snapshot
  • 11.10.4. Operating business segments
  • 11.10.5. Product portfolio
  • 11.10.6. Business performance