Steam Turbine MRO Market: An Exclusive Study on Upcoming Trends and Growth Opportunities

Opportunities in the steam turbine MRO market have evolved through a number of stages. Lucintel has found the future of this market to be promising; the steam turbine MRO market is expected to reach $33.8 billion by 2025 with a CAGR of 5.7%. In this market, original equipment manufacturers are the largest segment by service provider, whereas coal is largest by plant fuel. Players can benefit from the available opportunities like increasing fleet of aging turbines and growth in the commissioning of thermal power plants.

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GE, Siemens, Shanghai Electric, MHI, Harbin Electric, Dongfang Electric, and some of the ISPs such as Sulzer, Stork Turbo Services, and Wood Group and others are some of the companies profiled in this report.

Some of the features of this report:

  • Market size estimates: Steam turbine MRO market size estimation in terms of value ($M) shipment.
  • Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by segments and region.
  • Segmentation analysis: Steam turbine MRO market size by various segments such as ype of service, service provider, plant fuel, turbine capacity in terms of value and volume shipment.
  • Regional analysis: Steam turbines MRO market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions of steam turbine MRO in the steam turbine MRO market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape of steam turbine MRO in the steam turbine MRO market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

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This exclusive report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected]

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit

Brandon Fitzgerald
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751

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