Product Code: 16988
The Global Steam Turbine MRO Market will grow from USD 20.51 Billion in 2025 to USD 28.51 Billion by 2031 at a 5.64% CAGR. Steam Turbine MRO encompasses the specialized maintenance, repair, and overhaul services required to ensure the operational reliability and extended service life of steam turbines in power generation and industrial applications.
| Market Overview |
| Forecast Period | 2027-2031 |
| Market Size 2025 | USD 20.51 Billion |
| Market Size 2031 | USD 28.51 Billion |
| CAGR 2026-2031 | 5.64% |
| Fastest Growing Segment | Power Generation |
| Largest Market | North America |
Key Market Drivers
Aging Power Generation Infrastructure Requiring Life Extension is a primary force propelling the Global Steam Turbine MRO Market, as utilities increasingly opt to refurbish existing assets rather than incurring the high capital costs of new construction. This trend is particularly evident in mature economies where extending the operational timeline of coal and nuclear plants is essential for maintaining grid stability during the energy transition.
Key Market Challenges
The shortage of specialized technical labor constitutes a severe impediment to the growth of the Global Steam Turbine MRO Market, effectively capping the industry's capacity to service an aging infrastructure. Steam turbine maintenance entails high-precision engineering and complex diagnostic capabilities that rely heavily on tacit, experiential knowledge accumulated over decades.
Key Market Trends
Retrofitting Steam Turbines for Decarbonization and Efficiency is increasingly reshaping the market as operators seek to maximize the output of carbon-neutral assets without the capital expenditure of constructing new infrastructure. Unlike standard maintenance focused solely on reliability, these sophisticated modernization projects involve redesigning blade paths and internal components to significantly boost thermodynamic performance. This allows utilities to generate additional electricity without increasing fuel consumption or exceeding thermal limits, a critical factor for nuclear and biomass facilities.
Key Market Players
- Siemens Energy AG
- General Electric Company
- Dongfang Turbine Company Limited
- Bharat Heavy Electricals Limited
- Mitsubishi Power Asia Pacific Pte. Ltd.
- Shanghai Electric
- Harbin Electric Company Limited
- Elliott Group
- Sulzer Ltd
- Ansaldo Energia
Report Scope:
In this report, the Global Steam Turbine MRO Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Steam Turbine MRO Market, By Service Type:
- Maintenance
- Repair
- Overhaul
Steam Turbine MRO Market, By Service Provider:
- Original Equipment Manufacturers
- Independent Service Providers
- In-House
Steam Turbine MRO Market, By Fuel Type:
Steam Turbine MRO Market, By Capacity:
- Less than 300 MW
- 300 MW to 599 MW
- 600 MW and Above
Steam Turbine MRO Market, By End-Use Industry:
- Power Generation
- Oil and Gas
- Others
Steam Turbine MRO Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Steam Turbine MRO Market.
Available Customizations:
Global Steam Turbine MRO Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Steam Turbine MRO Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Service Type (Maintenance, Repair, Overhaul)
- 5.2.2. By Service Provider (Original Equipment Manufacturers, Independent Service Providers, In-House)
- 5.2.3. By Fuel Type (Coal, Natural Gas, Nuclear)
- 5.2.4. By Capacity (Less than 300 MW, 300 MW to 599 MW, 600 MW and Above)
- 5.2.5. By End-Use Industry (Power Generation, Oil and Gas, Others)
- 5.2.6. By Region
- 5.2.7. By Company (2025)
- 5.3. Market Map
6. North America Steam Turbine MRO Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Service Type
- 6.2.2. By Service Provider
- 6.2.3. By Fuel Type
- 6.2.4. By Capacity
- 6.2.5. By End-Use Industry
- 6.2.6. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Steam Turbine MRO Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Service Type
- 6.3.1.2.2. By Service Provider
- 6.3.1.2.3. By Fuel Type
- 6.3.1.2.4. By Capacity
- 6.3.1.2.5. By End-Use Industry
- 6.3.2. Canada Steam Turbine MRO Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Service Type
- 6.3.2.2.2. By Service Provider
- 6.3.2.2.3. By Fuel Type
- 6.3.2.2.4. By Capacity
- 6.3.2.2.5. By End-Use Industry
- 6.3.3. Mexico Steam Turbine MRO Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Service Type
- 6.3.3.2.2. By Service Provider
- 6.3.3.2.3. By Fuel Type
- 6.3.3.2.4. By Capacity
- 6.3.3.2.5. By End-Use Industry
7. Europe Steam Turbine MRO Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Service Type
- 7.2.2. By Service Provider
- 7.2.3. By Fuel Type
- 7.2.4. By Capacity
- 7.2.5. By End-Use Industry
- 7.2.6. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Steam Turbine MRO Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Service Type
- 7.3.1.2.2. By Service Provider
- 7.3.1.2.3. By Fuel Type
- 7.3.1.2.4. By Capacity
- 7.3.1.2.5. By End-Use Industry
- 7.3.2. France Steam Turbine MRO Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Service Type
- 7.3.2.2.2. By Service Provider
- 7.3.2.2.3. By Fuel Type
- 7.3.2.2.4. By Capacity
- 7.3.2.2.5. By End-Use Industry
- 7.3.3. United Kingdom Steam Turbine MRO Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Service Type
- 7.3.3.2.2. By Service Provider
- 7.3.3.2.3. By Fuel Type
- 7.3.3.2.4. By Capacity
- 7.3.3.2.5. By End-Use Industry
- 7.3.4. Italy Steam Turbine MRO Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Service Type
- 7.3.4.2.2. By Service Provider
- 7.3.4.2.3. By Fuel Type
- 7.3.4.2.4. By Capacity
- 7.3.4.2.5. By End-Use Industry
- 7.3.5. Spain Steam Turbine MRO Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Service Type
- 7.3.5.2.2. By Service Provider
- 7.3.5.2.3. By Fuel Type
- 7.3.5.2.4. By Capacity
- 7.3.5.2.5. By End-Use Industry
8. Asia Pacific Steam Turbine MRO Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Service Type
- 8.2.2. By Service Provider
- 8.2.3. By Fuel Type
- 8.2.4. By Capacity
- 8.2.5. By End-Use Industry
- 8.2.6. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Steam Turbine MRO Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Service Type
- 8.3.1.2.2. By Service Provider
- 8.3.1.2.3. By Fuel Type
- 8.3.1.2.4. By Capacity
- 8.3.1.2.5. By End-Use Industry
- 8.3.2. India Steam Turbine MRO Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Service Type
- 8.3.2.2.2. By Service Provider
- 8.3.2.2.3. By Fuel Type
- 8.3.2.2.4. By Capacity
- 8.3.2.2.5. By End-Use Industry
- 8.3.3. Japan Steam Turbine MRO Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Service Type
- 8.3.3.2.2. By Service Provider
- 8.3.3.2.3. By Fuel Type
- 8.3.3.2.4. By Capacity
- 8.3.3.2.5. By End-Use Industry
- 8.3.4. South Korea Steam Turbine MRO Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Service Type
- 8.3.4.2.2. By Service Provider
- 8.3.4.2.3. By Fuel Type
- 8.3.4.2.4. By Capacity
- 8.3.4.2.5. By End-Use Industry
- 8.3.5. Australia Steam Turbine MRO Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Service Type
- 8.3.5.2.2. By Service Provider
- 8.3.5.2.3. By Fuel Type
- 8.3.5.2.4. By Capacity
- 8.3.5.2.5. By End-Use Industry
9. Middle East & Africa Steam Turbine MRO Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Service Type
- 9.2.2. By Service Provider
- 9.2.3. By Fuel Type
- 9.2.4. By Capacity
- 9.2.5. By End-Use Industry
- 9.2.6. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Steam Turbine MRO Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Service Type
- 9.3.1.2.2. By Service Provider
- 9.3.1.2.3. By Fuel Type
- 9.3.1.2.4. By Capacity
- 9.3.1.2.5. By End-Use Industry
- 9.3.2. UAE Steam Turbine MRO Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Service Type
- 9.3.2.2.2. By Service Provider
- 9.3.2.2.3. By Fuel Type
- 9.3.2.2.4. By Capacity
- 9.3.2.2.5. By End-Use Industry
- 9.3.3. South Africa Steam Turbine MRO Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Service Type
- 9.3.3.2.2. By Service Provider
- 9.3.3.2.3. By Fuel Type
- 9.3.3.2.4. By Capacity
- 9.3.3.2.5. By End-Use Industry
10. South America Steam Turbine MRO Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Service Type
- 10.2.2. By Service Provider
- 10.2.3. By Fuel Type
- 10.2.4. By Capacity
- 10.2.5. By End-Use Industry
- 10.2.6. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Steam Turbine MRO Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Service Type
- 10.3.1.2.2. By Service Provider
- 10.3.1.2.3. By Fuel Type
- 10.3.1.2.4. By Capacity
- 10.3.1.2.5. By End-Use Industry
- 10.3.2. Colombia Steam Turbine MRO Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Service Type
- 10.3.2.2.2. By Service Provider
- 10.3.2.2.3. By Fuel Type
- 10.3.2.2.4. By Capacity
- 10.3.2.2.5. By End-Use Industry
- 10.3.3. Argentina Steam Turbine MRO Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Service Type
- 10.3.3.2.2. By Service Provider
- 10.3.3.2.3. By Fuel Type
- 10.3.3.2.4. By Capacity
- 10.3.3.2.5. By End-Use Industry
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Steam Turbine MRO Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. Siemens Energy AG
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. General Electric Company
- 15.3. Dongfang Turbine Company Limited
- 15.4. Bharat Heavy Electricals Limited
- 15.5. Mitsubishi Power Asia Pacific Pte. Ltd.
- 15.6. Shanghai Electric
- 15.7. Harbin Electric Company Limited
- 15.8. Elliott Group
- 15.9. Sulzer Ltd
- 15.10. Ansaldo Energia
16. Strategic Recommendations
17. About Us & Disclaimer