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Steam Turbine MRO Market Report: Trends, Forecast and Competitive Analysis

  • ID: 4663563
  • Report
  • October 2018
  • Region: Global, Global
  • 144 pages
  • Lucintel
1 of 5

FEATURED COMPANIES

  • Dongfang Electric
  • General Electric
  • Harbin Electric
  • Shanghai Electric
  • Siemens
  • Sulzer
  • MORE

Trends, opportunities and forecast in steam turbine MRO market to 2023 by resin type (fluoropolymer, cyanate ester, cyclic olefin copolymer, m-PPE, polyimide, PET, and others), application (PCB, wire & cable, antenna, microelectronics, radome, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)

The future of the steam turbine MRO market looks promising with opportunities in the coal, gas fired, and nuclear energy based power generation market. The global steam turbine MRO market is expected to reach an estimated $31.7 billion by 2023 with a CAGR of 5.6% from 2018 to 2023. The major growth drivers for this market are increasing thermal power generation capacity in developing countries and aging fleet of steam turbines.

In this market, maintenance, repair, and overhaul services are offered by OEMs, Independent Service Providers (ISPs) as well as done by in-house maintenance department. MRO services provided by OEMs are expected to remain the largest segment and witness the highest growth during the forecast period due to long-term service agreements between OEMs and power producers.

A total of 85 figures/charts and 63 tables are provided in this 144 page report to help in your business decisions.

The study includes the steam turbine MRO market size and forecast of the global steam turbine MRO market through 2023, segmented by type of service, service provider, plant fuel, turbine capacity, and region as follows:

Steam Turbine MRO Market by Type of Service [Value ($ Billion) from 2012 to 2023]:

  • Maintenance
  • Repair
  • Overhaul

Steam Turbine MRO Market by Type of Service Provider [Value ($ Billion) from 2012 to 2023]:

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

Steam Turbine MRO Market by Plant Fuel [Value ($ Billion) from 2012 to 2023]:

  • Coal
  • Natural Gas
  • Nuclear

Steam Turbine MRO Market by Capacity [Value ($ Billion) from 2012 to 2023]:

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

Steam Turbine MRO Market by Region [Value ($ Billion) from 2012 to 2023]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

Some of the steam turbine MRO OEMs profiled in this report include 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.

Within the steam turbine MRO market, coal fired power plant is expected to remain the largest segment. The researcher predicts that MRO services for nuclear energy based power plant is expected to witness the highest growth over the forecast period supported by its growing installation base.

Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to increasing fleet of aging turbines and growth in the commissioning of thermal power plants in the region.

Some of the features of “Steam Turbine MRO Market Report: Trends, Forecast and Competitive Analysis” include:

  • Market size estimates: Global steam turbine MRO market size estimation in terms of value ($B) shipment.
  • Trend and forecast analysis: Market trend (2012-2017) and forecast (2018-2023) by application, and end use industry.
  • Segmentation analysis: Global steam turbine MRO market size by various applications such as type of service, service provider, plant fuel, and turbine capacity in terms of value and volume shipment.
  • Regional analysis: Global steam turbine 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 global steam turbine MRO market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape of steam turbine MRO in the global steam turbine MRO market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report answers the following 10 key questions:

Q.1. How big are the opportunities for the global steam turbine MRO market in by type of service (maintenance, repair, and overhaul), 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 region (North America, Europe, Asia Pacific, and the Rest of the World)?
Which product segments will grow at a faster pace and why?
Q.2. Which region will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this steam turbine MRO market?
Q.4. What are the business risks and competitive threats in this steam turbine MRO market?
Q.5. What are the emerging trends in this market and the reasons behind them?
Q.6. What are some of the changing demands of customers in the steam turbine MRO market?
Q.7. What are the new developments in the steam turbine MRO market and which companies are leading these developments?
Q.8. Who are the major players in this steam turbine MRO market? What strategic initiatives are being taken by key companies for business growth?
Q.9. What are some of the competing products in this steam turbine MRO market and how big of a threat do they pose for loss of market share by product substitution?
Q.10. What M&A activity has occurred in the last have years and what has its impact been on the steam turbine MRO industry?

Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Dongfang Electric
  • General Electric
  • Harbin Electric
  • Shanghai Electric
  • Siemens
  • Sulzer
  • MORE

1. Executive Summary

2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2012 to 2023
3.1: Macroeconomic Trends and Forecast
3.2: Global Steam turbine MRO Market Trends and Forecast
3.3: Global Steam Turbine MRO Market by Type of Service
3.3.1: Maintenance
3.3.2: Repair
3.3.3: Overhaul
3.4: Global Steam Turbine MRO Market by Type of Service Provider
3.4.1: OEMs
3.4.2: ISPs
3.4.3: In-House
3.5: Global Steam Turbine MRO Market by Plant Fuel
3.5.1: Coal
3.5.2: Natural Gas
3.5.3: Nuclear
3.6: Global Steam Turbine MRO Market by Capacity
3.6.1: Less than 300 MW
3.6.2: 300 MW to 599 MW
3.6.3: 600 MW and Above

4. Market Trends and Forecast Analysis by Region
4.1: Global Steam turbine MRO Market by Region
4.2: North American Steam Turbine MRO Market
4.2.1: North American Steam Turbine MRO Market by Type of Service
4.3: European Steam Turbine MRO Market
4.3.1: European Steam Turbine MRO Market by Type of Service
4.4: APAC Steam Turbine MRO Market
4.4.1: APAC Steam Turbine MRO Market by Type of Service
4.5: ROW Steam Turbine MRO Market
4.5.1: ROW Steam Turbine MRO Market by Type of Service

5. Competitor Analysis
5.1: Service Portfolio Analysis of Steam Turbine Service Providers
5.2: Geographical Reach
5.3: Operational Integration
5.4: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunities Analysis
6.1.1: Growth Opportunities for Global Steam Turbine MRO Market
6.1.2: Growth Opportunities for Global Steam Turbine MRO Market by Type of Service Provider
6.1.3: Growth Opportunities for Global Steam Turbine MRO Market by Plant Fuel
6.1.4: Growth Opportunities for Global Steam Turbine MRO Market by Capacity
6.1.5: Growth Opportunities for Global Steam Turbine MRO Market by Region
6.2: Emerging Trends in the Global Steam Turbine MRO Market
6.3: Strategic Analysis
6.3.1: New Type of Service
6.3.2: Capacity Expansion in Steam turbine MRO Market
6.3.3: Mergers, Acquisitions and Joint Ventures in Steam turbine MRO Market

7. Company Profiles of Leading Players
7.1: Shanghai Electric
7.2: Harbin Electric
7.3: Dongfang Electric
7.4: General Electric
7.5: Siemens
7.6: Mitsubishi Heavy Industries
7.7: Sulzer

List of Figures

Chapter 2. Market Background and Classifications
Figure 2.1: Steam Turbine MRO Structure
Figure 2.2: Supply Chain of Steam Turbine MRO Market
Figure 2.3: Major Drivers and Challenges for the Global Steam turbine MRO Market

Chapter 3. Market Trends and Forecast Analysis from 2012 to 2023
Figure 3.1: Trends of the Global GDP Growth Rate
Figure 3.2: Trends of the Global Population Growth Rate
Figure 3.3: Trends of the Global Inflation Rate
Figure 3.4: Trends of the Global Unemployment Rate
Figure 3.5: Trends of the Regional GDP Growth Rate
Figure 3.6: Trends of the Regional Population Growth Rate
Figure 3.7: Trends of the Regional Inflation Rate
Figure 3.8: Trends of the Regional Unemployment Rate
Figure 3.9: Regional Per Capita Income Trends
Figure 3.10: Age of Steam Turbines Operating in North America in 2017
Figure 3.11: Age of Steam Turbines Operating in Europe in 2017
Figure 3.12: Age of Steam Turbines Operating in APAC (2017)
Figure 3.13: Age of Steam Turbines Operating in ROW in 2017
Figure 3.14: Trends of regional GNI per Capita (2012-2017)
Figure 3.15: Forecast for the Global GDP Growth Rate
Figure 3.16: Forecast for the Global Population Growth Rate
Figure 3.17: Forecast for the Global Inflation Rate
Figure 3.18: Forecast for the Global Unemployment Rate
Figure 3.19: Forecast for the Regional GDP Growth Rate
Figure 3.20: Forecast for the Regional Population Growth Rate
Figure 3.21: Forecast for the Regional Inflation Rate
Figure 3.22: Forecast for the Regional Unemployment Rate
Figure 3.23: Forecast for Regional Per Capita Income
Figure 3.24: Forecast for Regional GNI per Capita (2018-2023)
Figure 3.25: Trends and Forecast for the Global Steam Turbine MRO Market (2012-2023)
Figure 3.26: Trends of the Global Steam Turbine MRO Market ($B) by Type of Service (2012 – 2017)
Figure 3.27: Forecast for the Global Steam Turbine MRO Market ($B) by Type of Service (2018-2023)
Figure 3.28: Trends and Forecast for the Global Steam Turbine MRO Maintenance Market (2012-2023)
Figure 3.29: Trends of the Global Steam Turbine MRO Maintenance Market ($B) by Region (2012-2017)
Figure 3.30: Forecast for the Global Steam Turbine MRO Maintenance Market ($B) by Region (2018-2023)
Figure 3.31: Trends and Forecast for the Global Steam Turbine MRO Repair Market (2012-2023)
Figure 3.32: Trends of the Global Steam Turbine MRO Repair Market ($B) by Region (2012-2017)
Figure 3.33: Forecast for the Global Steam Turbine MRO Repair Market ($B) by Region (2018-2023)
Figure 3.34: Trends and Forecast for the Global Steam Turbine MRO Overhaul Market (2012-2023)
Figure 3.35: Trends of the Global Steam Turbine MRO Overhaul Market ($B) by Region (2012-2017)
Figure 3.36: Forecast for the Global Steam Turbine MRO Overhaul Market ($B) by Region (2018-2023)
Figure 3.37: Trends of the Global Steam Turbine MRO Market ($B) by Type of Service Provider (2012-2017)
Figure 3.38: Forecast for the Global Steam Turbine MRO Market ($B) by Type of Service Provider (2018-2023)
Figure 3.39: Trends and Forecast for the Global Steam Turbine MRO OEM Market (2012-2023)
Figure 3.40: Trends and Forecast for the Global Steam Turbine MRO ISP Market (2012-2023)
Figure 3.41: Trends and Forecast for the Global Steam Turbine MRO In-House Market (2012-2023)
Figure 3.42: Trends of the Global Steam Turbine MRO Market ($B) by Plant Fuel (2012-2017)
Figure 3.43: Forecast for the Global Steam Turbine MRO Market ($B) by Plant fuel (2018-2023)
Figure 3.44: Trends and Forecast for the Global Steam Turbine MRO Market ($B) In Coal-Fired Power Plants (2012-2023)
Figure 3.45: Trends and Forecast for the Global Steam Turbine MRO Market ($B) In Natural Gas-Fired Power Plants (2012-2023)
Figure 3.46: Trends and Forecast for the Global Steam Turbine MRO Market ($B) In Nuclear-Fired Power Plants (2012-2023)
Figure 3.47: Trends of the Global Steam Turbine MRO Market ($B) by Capacity (2012-2017)
Figure 3.48: Forecast for the Global Steam Turbine MRO Market ($B) by Capacity (2018-2023)
Figure 3.49: Trends and Forecast for the Less Than 300 MW Size Steam Turbine MRO Market ($B) (2012-2023)
Figure 3.50: Trends and Forecast for the 300 MW to 599 MW Size Steam Turbine MRO Market ($B) (2012-2023)
Figure 3.51: Trends and Forecast for the 600 MW and Above Size Steam Turbine MRO Market ($B) (2012-2023)

Chapter 4. Market Trends and Forecast Analysis by Region
Figure 4.1: Trends of the Global Steam Turbine MRO Market ($B) by Region (2012-2017)
Figure 4.2: Forecast for the Global Steam Turbine MRO Market ($B) by Region (2018-2023)
Figure 4.3: Trends and Forecast for the North American Steam Turbine MRO Market (2012-2023)
Figure 4.4: Trends of the North American Steam Turbine MRO Market ($B) by Type of Service (2012-2017)
Figure 4.5: Forecast for the North American Steam Turbine MRO Market ($B) by Type of Service (2018-2023)
Figure 4.6: Trends and Forecast for the Europe Steam Turbine MRO Market (2012-2023)
Figure 4.7: Trends of the European Steam Turbine MRO Market ($B) by Type of Service (2012-2017)
Figure 4.8: Forecast for the European Steam Turbine MRO Market ($B) by Type of Service (2018-2023)
Figure 4.9: Trends and Forecast of the APAC Steam Turbine MRO Market (2012-2023)
Figure 4.10: Trends of the APAC Steam Turbine MRO Market ($B) by Service Type (2012-2017)
Figure 4.11: Forecast for the APAC Steam Turbine MRO Market ($B) by Service Type (2018-2023)
Figure 4.12: Trends and Forecast for the ROW Steam Turbine MRO Market (2012-2023)
Figure 4.13: Trends of the ROW Steam Turbine MRO Market ($B) by Type of Service (2012-2017)
Figure 4.14: Forecast for the ROW Steam Turbine MRO Market ($B) by Type of Service (2018-2023)

Chapter 5. Competitor Analysis
Figure 5.1:  Geographical Footprint of Competitors in the Global Steam Turbine MRO Market
Figure 5.2:  Porter’s Five Forces Model for the Global Steam Turbine MRO Market

Chapter 6. Growth Opportunities and Strategic Analysis
Figure 6.1: Growth Opportunities in the Global Steam Turbine MRO Market by Service Type
Figure 6.2: Growth Opportunities in the Global Steam Turbine MRO Market by Type of Service Provider
Figure 6.3: Growth Opportunities in the Global Steam Turbine MRO Market by Plant Fuel
Figure 6.4: Growth Opportunities in the Global Steam Turbine MRO Market by Capacity
Figure 6.5: Growth Opportunities in the Global Steam Turbine MRO Market by Region
Figure 6.6: Emerging Trends in the Global Steam Turbine MRO Market
Figure 6.7: Strategic Initiatives by Major Competitors in the Global Steam Turbine MRO Market (2015-2017)
Figure 6.8: Capacity Building by Major Players (2012-2017) 

Chapter 7. Company Profiles of Leading Players
Figure 7.1: Headquarter Location of Shanghai Electric
Figure 7.2: Headquarter Location of the Harbin Electric
Figure 7.3: Headquarter Location of Dongfang Electric
Figure 7.4: Headquarter Location of the General Electric
Figure 7.5: Headquarter Location of Siemens
Figure 7.6: Headquarter Location of MHI
Figure 7.7: Headquarter Location of Sulzer

List of Tables

Chapter 1. Executive Summary
Table 1.1: Global Steam Turbine MRO Market: Parameters and Attributes

Chapter 2. Market Background and Classifications
Table 2.1: Major In-house Maintenance Activities and their Frequencies

Chapter 3. Market Trends and Forecast Analysis from 2012 to 2023
Table 3.1: Market Trends of the Global Steam Turbine MRO Market (2012-2017)
Table 3.2: Market Forecast for the Global Steam Turbine MRO Market (2018-2023)
Table 3.3: Market Size and CAGR of Various Types of Service in the Global Steam Turbine MRO Market by Value (2012-2017)
Table 3.4: Market Size and CAGR of Various Types of Service in the Global Steam Turbine MRO Market by Value (2018-2023)
Table 3.5: Trends of the Global Steam Turbine MRO Maintenance Market (2012-2017)
Table 3.6: Forecast for the Global Steam Turbine MRO Maintenance Market (2018-2023)
Table 3.7: Trends of the Global Steam Turbine MRO Maintenance Market ($B) by Region (2012-2017)
Table 3.8: Forecast for the Global Steam Turbine MRO Maintenance Market ($B) by Region (2018-2023)
Table 3.9: Trends of the Global Steam Turbine MRO Repair Market (2012-2017)
Table 3.10: Forecast for the Global Steam Turbine MRO Repair Market (2018-2023)
Table 3.11: Trends of the Global Steam Turbine MRO Repair Market ($B) by Region
Table 3.12: Forecast for the Global Steam Turbine MRO Repair Market ($B) by Region
Table 3.13: Trends of the Global Steam Turbine MRO Overhaul Market (2012-2017)
Table 3.14: Forecast for the Global Steam Turbine MRO Overhaul Market (2018-2023)
Table 3.15: Trends of the Global Steam Turbine MRO Overhaul Market ($B) by Region
Table 3.16: Forecast for the Global Steam Turbine MRO Overhaul Market ($B) by Region (2018-2023)
Table 3.17: Market Size and CAGR of Various Types of Service Provider in the Global Steam Turbine MRO Market by Value (2012-2017)
Table 3.18: Market Size and CAGR of Various Types of Service Provider in the Global Steam Turbine MRO Market by Value (2018-2023)
Table 3.19: Trends of the Global Steam Turbine MRO OEM Market (2012-2017)
Table 3.20: Forecast for the Global Steam Turbine MRO OEM Market (2018-2023)
Table 3.21: Trends of the Global Steam Turbine MRO ISP Market (2012-2017)
Table 3.22: Forecast for the Global Steam Turbine MRO ISP Market (2018-2023)
Table 3.23: Trends of the Global Steam Turbine MRO In-House Market (2012-2017)
Table 3.24: Forecast for the Global Steam Turbine MRO In-House Market (2018-2023)
Table 3.25: Trends of the Global Steam Turbine MRO Market ($B) by Plant fuel (2012-2017)
Table 3.26: Forecast for the Global Steam Turbine MRO Market ($B) by Plant Fuel (2018-2023)
Table 3.27: Trends of the Global Steam Turbine MRO Market ($B) in Coal-Fired Power Plants (2012-2017)
Table 3.28: Forecast for the Global Steam Turbine MRO Market ($B) in Coal-Fired Power Plants (2018-2023)
Table 3.29: Trends of the Global Steam Turbine MRO Market ($B) in Natural Gas-Fired Power Plants (2012-2017)
Table 3.30: Forecast for the Global Steam Turbine MRO Market ($B) in Natural Gas-Fired Power Plants (2018-2023)
Table 3.31: Trends of the Global Steam Turbine MRO Market ($B) in Nuclear-Fired Power Plants (2012-2017)
Table 3.32: Forecast for the Global Steam Turbine MRO Market ($B) in Nuclear-Fired Power Plants (2018-2023)
Table 3.33: Trends of the Global Steam Turbine MRO Market ($B) by Capacity (2012-2017)
Table 3.34: Forecast for the Global Steam Turbine MRO Market ($B) by Capacity (2018-2023)
Table 3.35: Trends of the Less Than 300 MW Size Steam Turbine MRO Market (2012-2017)
Table 3.36: Forecast for the Less Than 300 MW Size Steam Turbine MRO Market (2018-2023)
Table 3.37: Trends of the 300 MW to 599 MW Size Steam Turbine MRO Market ($B) (2012-2017)
Table 3.38: Forecast for the 300 MW to 599 MW Size Steam Turbine MRO Market ($B) (2018-2023)
Table 3.39: Trends of the 600 MW and Above Size Steam Turbine MRO Market ($B) (2012-2017)
Table 3.40: Forecast for the 600 MW and Above Size Steam Turbine MRO Market ($B) (2018-2023)

Chapter 4. Market Trends and Forecast Analysis by Region
Table 4.1: Market Size and CAGR of Various Regions of the Global Steam Turbine MRO Market by Value (2012-2017)
Table 4.2: Market Size and CAGR of Various Regions of the Global Steam Turbine MRO Market by Value (2018-2023)
Table 4.3: Trends of the North American Steam Turbine MRO Market (2012-2017)
Table  4.4: Forecast for the North American Steam Turbine MRO Market (2018-2023)
Table 4.5: Trends of the North American in the Steam Turbine MRO Market by Type of Service (2012-2017)
Table 4.6: Forecast for the North American in the Steam Turbine MRO Market by Type of Service (2018-2023)
Table 4.7: Trends of the European Steam Turbine MRO Market (2012-2027)
Table  4.8: Forecast for the European Steam Turbine MRO Market (2018-2023)
Table 4.9: Trends of European in the Steam Turbine MRO Market by Type of Service
Table 4.10: Market Forecast for European in the Steam Turbine MRO Market by Service Type (2018-2023)
Table 4.11: Market Trends of the APAC Steam Turbine MRO Market (2012-2027)
Table 4.12: Market Forecast of the APAC Steam Turbine MRO Market (2018-2023)
Table 4.13: Market Trends of APAC in the Steam Turbine MRO Market by Service Type
Table 4.14: Market Forecast for APAC in the Steam Turbine MRO Market by Service Type (2018-2023)
Table 4.15: Trends of the ROW Steam Turbine MRO Market (2012-2017)
Table  4.16: Forecast for the ROW Steam Turbine MRO Market (2018-2023)
Table 4.17: Trends of the ROW in the Steam Turbine MRO Market by Type of Service
Table 4.18: Forecast for the ROW in the Steam Turbine MRO Market by Type Service

Chapter 5. Competitor Analysis
Table 5.1: Service Portfolio Analysis of Steam Turbine Service Providers
Table 5.2: Operational Integration of Steam Turbine MRO Market Major Players

Chapter 6. Growth Opportunities and Strategic Analysis
Table 6.1: New Type of Service Development by Major Steam Turbine MRO Players during Trend Period


*Full List of Tables and Figures Available on Enquiry.


Note: Product cover images may vary from those shown
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  • Dongfang Electric
  • General Electric
  • Harbin Electric
  • Mitsubishi Heavy Industries
  • Shanghai Electric
  • Siemens
  • Sulzer
Note: Product cover images may vary from those shown
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The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:

  • In-depth interviews of the major players in the market
  • Detailed secondary research from competitors’ financial statements and published data
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.

Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.

Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.

 

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