Steam Turbine MRO Market - Top Companies and Manufacturers

Companies Dominating the Global Steam Turbine MRO Landscape

GENERAL ELECTRIC COMPANY
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
HYUNDAI HEAVY INDUSTRIES TURBOMACHINERY Co., Ltd.
Mitsubishi Power, Ltd.
Ansaldo Energia S.p.A.
Elliott Group
Kessels
Shanghai Electric
Stork Technical Services Holding B.V.
Sulzer Ltd
Siemens AG

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Steam Turbine MRO Market Size & Share, Growth Analysis 2037

In the News

GENERAL ELECTRIC COMPANY signed a contract with BHEL worth USD 165 million to supply three nuclear steam turbines. Out of six units of NPCIL’s domestic nuclear program-phase 1 only three of the units are equipped with nuclear turbines where 1 to 4 units were developed at Gorakhpur, Haryana, and the remaining 5 and 6 units at Kaiga, Karnataka of India.

Ansaldo Energia S.p.A. the Italian power engineering magnate, signed a contract worth around USD 64 million with the Polish chemical company Synthos to install a new gas turbine to satisfy all different needs of customers, from producing electricity to generating heat for local district heating.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of steam turbine MRO is estimated at USD 24.7 billion.

The steam turbine MRO market size was valued at USD 23.45 billion in 2024 and is likely to cross USD 35.76 billion by 2037, expanding at more than 3.3% CAGR during the forecast period i.e., between 2025-2037. The market growth is due to growing potential of thermal energy in emerging nations, and rapid industrialization and urbanization.

North America industry is expected to account for largest revenue share of 33% by 2037, backed by increasing presence of thermal coal plants across the region.

The major players in the market are GENERAL ELECTRIC COMPANY, HYUNDAI HEAVY INDUSTRIES TURBOMACHINERY Co., Ltd., Mitsubishi Power, Ltd., Ansaldo Energia S.p.A., Elliott Group, Kessels, Shanghai Electric, Stork Technical Services Holding B.V., Sulzer Ltd, Siemens AG

Steam Turbine MRO Market - Top Companies and Manufacturers

Companies Dominating the Global Steam Turbine MRO Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

What is the size of the steam turbine MRO market?

Why is the steam turbine MRO sector gaining traction in near future?

Which region accounted for the largest steam turbine MRO industry share?

Who are the major steam turbine MRO players?