Selected research
Industry Research
Oil& Gas Equipment MRO Industry Research Report 2026
Market perspective
The global Oil& Gas Equipment MRO market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
North America: the Oil& Gas Equipment MRO market is projected to increase from US$ million in 2026 to US$ million by 2032, reflecting a CAGR of % over 2026–2032. Europe: the Oil& Gas Equipment MRO market is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032. Asia Pacific: the Oil& Gas Equipment MRO market is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032. Leading global service providers of Oil& Gas Equipment MRO include Siemens, General Electric, Sulzer, MAN Energy Solutions, MHPS, Ansaldo Energia, KSB, ABB and Dongfang Turbine, among others; in 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
Read the full market overview
This report quantifies the global Oil& Gas Equipment MRO market in terms of revenue (US$ million) and, where applicable, service volume (k units), using 2024 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of service Types and end-use Applications, harmonizes provider attribution, and delivers comparable time series by company, Type, Application, and region or country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10). Outputs are intended to support service design, budgeting, capacity planning, and benchmarking for providers, platforms, channel partners, and investors; the report also reviews technology shifts and notable service innovations relevant to Oil& Gas Equipment MRO.
Key Companies & Market Share Insights
This section profiles leading service providers with 2021–2025 results and a 2026–2032 outlook—covering revenue, market share, price bands, service portfolio and client mix, regional and channel mix, and key developments (M&A, network expansion, certifications). It also provides global revenue, average price, and—where applicable—volume metrics by provider, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Oil& Gas Equipment MRO Market by Company
Siemens
General Electric
Sulzer
MAN Energy Solutions
MHPS
Ansaldo Energia
KSB
ABB
Dongfang Turbine
Grundfos
Shanghai Electric
Elliot
Atlas Copco
Arcline
Wolong
EthosEnergy
Kawasaki Heavy Industries
Toshiba Energy
Stork
Hangzhou Steam Turbine
Flowserve
Kobelco
Howden
Conhagen Rotating Equipment Specialists
Houghton International
Oil& Gas Equipment MRO Segment by Type
Oil & Gas Extraction Equipment
Oil & Gas Transmission Equipment
Oil& Gas Equipment MRO Segment by Application
Onshore
Offshore
Oil& Gas Equipment MRO Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Oil& Gas Equipment MRO market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Oil& Gas Equipment MRO and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Oil& Gas Equipment MRO.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Oil& Gas Equipment MRO companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Oil & Gas Extraction Equipment
- Oil & Gas Transmission Equipment
Applications
- Onshore
- Offshore
Companies covered
- Siemens
- General Electric
- Sulzer
- MAN Energy Solutions
- MHPS
- Ansaldo Energia
- KSB
- ABB
- Dongfang Turbine
- Grundfos
- Shanghai Electric
- Elliot
- Atlas Copco
- Arcline
- Wolong
- EthosEnergy
- Kawasaki Heavy Industries
- Toshiba Energy
- Stork
- Hangzhou Steam Turbine
- Flowserve
- Kobelco
- Howden
- Conhagen Rotating Equipment Specialists
- Houghton International
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Oil& Gas Equipment MRO by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Oil & Gas Extraction Equipment
- 2.2.3 Oil & Gas Transmission Equipment
- 2.3 Oil& Gas Equipment MRO by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 Onshore
- 2.3.3 Offshore
- 2.4 Assumptions and Limitations
3 Oil& Gas Equipment MRO Breakdown Data by Type
- 3.1 Global Oil& Gas Equipment MRO Historic Market Size by Type (2021-2026)
- 3.2 Global Oil& Gas Equipment MRO Forecasted Market Size by Type (2027-2032)
4 Oil& Gas Equipment MRO Breakdown Data by Application
- 4.1 Global Oil& Gas Equipment MRO Historic Market Size by Application (2021-2026)
- 4.2 Global Oil& Gas Equipment MRO Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global Oil& Gas Equipment MRO Market Perspective (2021-2032)
- 5.2 Global Oil& Gas Equipment MRO Growth Trends by Region
- 5.2.1 Global Oil& Gas Equipment MRO Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 Oil& Gas Equipment MRO Historic Market Size by Region (2021-2026)
- 5.2.3 Oil& Gas Equipment MRO Forecasted Market Size by Region (2027-2032)
- 5.3 Oil& Gas Equipment MRO Market Dynamics
- 5.3.1 Oil& Gas Equipment MRO Industry Trends
- 5.3.2 Oil& Gas Equipment MRO Market Drivers
- 5.3.3 Oil& Gas Equipment MRO Market Challenges
- 5.3.4 Oil& Gas Equipment MRO Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top Oil& Gas Equipment MRO Players by Revenue
- 6.1.1 Global Top Oil& Gas Equipment MRO Players by Revenue (2021-2026)
- 6.1.2 Global Oil& Gas Equipment MRO Revenue Market Share by Players (2021-2026)
- 6.2 Global Oil& Gas Equipment MRO Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of Oil& Gas Equipment MRO Head Office and Area Served
- 6.4 Global Oil& Gas Equipment MRO Players, Product Type & Application
- 6.5 Global Oil& Gas Equipment MRO Manufacturers Established Date
- 6.6 Global Oil& Gas Equipment MRO Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America Oil& Gas Equipment MRO Market Size (2021-2032)
- 7.2 North America Oil& Gas Equipment MRO Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America Oil& Gas Equipment MRO Market Size by Country (2021-2026)
- 7.4 North America Oil& Gas Equipment MRO Market Size by Country (2027-2032)
- 7.5 United States
- 7.5 United States
- 7.6 Canada
- 7.7 Mexico
8 Europe
- 8.1 Europe Oil& Gas Equipment MRO Market Size (2021-2032)
- 8.2 Europe Oil& Gas Equipment MRO Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe Oil& Gas Equipment MRO Market Size by Country (2021-2026)
- 8.4 Europe Oil& Gas Equipment MRO Market Size by Country (2027-2032)
- 8.5 Germany
- 8.6 France
- 8.7 U.K.
- 8.8 Italy
- 8.9 Spain
- 8.10 Russia
- 8.11 Netherlands
- 8.12 Nordic Countries
9 Asia-Pacific
- 9.1 Asia-Pacific Oil& Gas Equipment MRO Market Size (2021-2032)
- 9.2 Asia-Pacific Oil& Gas Equipment MRO Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific Oil& Gas Equipment MRO Market Size by Country (2021-2026)
- 9.4 Asia-Pacific Oil& Gas Equipment MRO Market Size by Country (2027-2032)
- 9.5 China
- 9.6 Japan
- 9.7 South Korea
- 9.8 India
- 9.9 Australia
- 9.10 China Taiwan
- 9.11 Southeast Asia
10 South America
- 10.1 South America Oil& Gas Equipment MRO Market Size (2021-2032)
- 10.2 South America Oil& Gas Equipment MRO Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America Oil& Gas Equipment MRO Market Size by Country (2021-2026)
- 10.4 South America Oil& Gas Equipment MRO Market Size by Country (2027-2032)
- 10.5 Brazil
- 10.6 Argentina
- 10.7 Chile
- 10.8 Colombia
- 10.9 Peru
11 Middle East & Africa
- 11.1 Middle East & Africa Oil& Gas Equipment MRO Market Size (2021-2032)
- 11.2 Middle East & Africa Oil& Gas Equipment MRO Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa Oil& Gas Equipment MRO Market Size by Country (2021-2026)
- 11.4 Middle East & Africa Oil& Gas Equipment MRO Market Size by Country (2027-2032)
- 11.5 Saudi Arabia
- 11.6 Israel
- 11.7 United Arab Emirates
- 11.8 Turkey
- 11.9 Iran
- 11.10 Egypt
12 Players Profiled
- 12.1 Siemens
- 12.1.1 Siemens Company Information
- 12.1.2 Siemens Business Overview
- 12.1.3 Siemens Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.1.4 Siemens Oil& Gas Equipment MRO Product Portfolio
- 12.1.5 Siemens Recent Developments
- 12.2 General Electric
- 12.2.1 General Electric Company Information
- 12.2.2 General Electric Business Overview
- 12.2.3 General Electric Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.2.4 General Electric Oil& Gas Equipment MRO Product Portfolio
- 12.2.5 General Electric Recent Developments
- 12.3 Sulzer
- 12.3.1 Sulzer Company Information
- 12.3.2 Sulzer Business Overview
- 12.3.3 Sulzer Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.3.4 Sulzer Oil& Gas Equipment MRO Product Portfolio
- 12.3.5 Sulzer Recent Developments
- 12.4 MAN Energy Solutions
- 12.4.1 MAN Energy Solutions Company Information
- 12.4.2 MAN Energy Solutions Business Overview
- 12.4.3 MAN Energy Solutions Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.4.4 MAN Energy Solutions Oil& Gas Equipment MRO Product Portfolio
- 12.4.5 MAN Energy Solutions Recent Developments
- 12.5 MHPS
- 12.5.1 MHPS Company Information
- 12.5.2 MHPS Business Overview
- 12.5.3 MHPS Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.5.4 MHPS Oil& Gas Equipment MRO Product Portfolio
- 12.5.5 MHPS Recent Developments
- 12.6 Ansaldo Energia
- 12.6.1 Ansaldo Energia Company Information
- 12.6.2 Ansaldo Energia Business Overview
- 12.6.3 Ansaldo Energia Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.6.4 Ansaldo Energia Oil& Gas Equipment MRO Product Portfolio
- 12.6.5 Ansaldo Energia Recent Developments
- 12.7 KSB
- 12.7.1 KSB Company Information
- 12.7.2 KSB Business Overview
- 12.7.3 KSB Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.7.4 KSB Oil& Gas Equipment MRO Product Portfolio
- 12.7.5 KSB Recent Developments
- 12.8 ABB
- 12.8.1 ABB Company Information
- 12.8.2 ABB Business Overview
- 12.8.3 ABB Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.8.4 ABB Oil& Gas Equipment MRO Product Portfolio
- 12.8.5 ABB Recent Developments
- 12.9 Dongfang Turbine
- 12.9.1 Dongfang Turbine Company Information
- 12.9.2 Dongfang Turbine Business Overview
- 12.9.3 Dongfang Turbine Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.9.4 Dongfang Turbine Oil& Gas Equipment MRO Product Portfolio
- 12.9.5 Dongfang Turbine Recent Developments
- 12.10 Grundfos
- 12.10.1 Grundfos Company Information
- 12.10.2 Grundfos Business Overview
- 12.10.3 Grundfos Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.10.4 Grundfos Oil& Gas Equipment MRO Product Portfolio
- 12.10.5 Grundfos Recent Developments
- 12.11 Shanghai Electric
- 12.11.1 Shanghai Electric Company Information
- 12.11.2 Shanghai Electric Business Overview
- 12.11.3 Shanghai Electric Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.11.4 Shanghai Electric Oil& Gas Equipment MRO Product Portfolio
- 12.11.5 Shanghai Electric Recent Developments
- 12.12 Elliot
- 12.12.1 Elliot Company Information
- 12.12.2 Elliot Business Overview
- 12.12.3 Elliot Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.12.4 Elliot Oil& Gas Equipment MRO Product Portfolio
- 12.12.5 Elliot Recent Developments
- 12.13 Atlas Copco
- 12.13.1 Atlas Copco Company Information
- 12.13.2 Atlas Copco Business Overview
- 12.13.3 Atlas Copco Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.13.4 Atlas Copco Oil& Gas Equipment MRO Product Portfolio
- 12.13.5 Atlas Copco Recent Developments
- 12.14 Arcline
- 12.14.1 Arcline Company Information
- 12.14.2 Arcline Business Overview
- 12.14.3 Arcline Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.14.4 Arcline Oil& Gas Equipment MRO Product Portfolio
- 12.14.5 Arcline Recent Developments
- 12.15 Wolong
- 12.15.1 Wolong Company Information
- 12.15.2 Wolong Business Overview
- 12.15.3 Wolong Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.15.4 Wolong Oil& Gas Equipment MRO Product Portfolio
- 12.15.5 Wolong Recent Developments
- 12.16 EthosEnergy
- 12.16.1 EthosEnergy Company Information
- 12.16.2 EthosEnergy Business Overview
- 12.16.3 EthosEnergy Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.16.4 EthosEnergy Oil& Gas Equipment MRO Product Portfolio
- 12.16.5 EthosEnergy Recent Developments
- 12.17 Kawasaki Heavy Industries
- 12.17.1 Kawasaki Heavy Industries Company Information
- 12.17.2 Kawasaki Heavy Industries Business Overview
- 12.17.3 Kawasaki Heavy Industries Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.17.4 Kawasaki Heavy Industries Oil& Gas Equipment MRO Product Portfolio
- 12.17.5 Kawasaki Heavy Industries Recent Developments
- 12.18 Toshiba Energy
- 12.18.1 Toshiba Energy Company Information
- 12.18.2 Toshiba Energy Business Overview
- 12.18.3 Toshiba Energy Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.18.4 Toshiba Energy Oil& Gas Equipment MRO Product Portfolio
- 12.18.5 Toshiba Energy Recent Developments
- 12.19 Stork
- 12.19.1 Stork Company Information
- 12.19.2 Stork Business Overview
- 12.19.3 Stork Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.19.4 Stork Oil& Gas Equipment MRO Product Portfolio
- 12.19.5 Stork Recent Developments
- 12.20 Hangzhou Steam Turbine
- 12.20.1 Hangzhou Steam Turbine Company Information
- 12.20.2 Hangzhou Steam Turbine Business Overview
- 12.20.3 Hangzhou Steam Turbine Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.20.4 Hangzhou Steam Turbine Oil& Gas Equipment MRO Product Portfolio
- 12.20.5 Hangzhou Steam Turbine Recent Developments
- 12.21 Flowserve
- 12.21.1 Flowserve Company Information
- 12.21.2 Flowserve Business Overview
- 12.21.3 Flowserve Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.21.4 Flowserve Oil& Gas Equipment MRO Product Portfolio
- 12.21.5 Flowserve Recent Developments
- 12.22 Kobelco
- 12.22.1 Kobelco Company Information
- 12.22.2 Kobelco Business Overview
- 12.22.3 Kobelco Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.22.4 Kobelco Oil& Gas Equipment MRO Product Portfolio
- 12.22.5 Kobelco Recent Developments
- 12.23 Howden
- 12.23.1 Howden Company Information
- 12.23.2 Howden Business Overview
- 12.23.3 Howden Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.23.4 Howden Oil& Gas Equipment MRO Product Portfolio
- 12.23.5 Howden Recent Developments
- 12.24 Conhagen Rotating Equipment Specialists
- 12.24.1 Conhagen Rotating Equipment Specialists Company Information
- 12.24.2 Conhagen Rotating Equipment Specialists Business Overview
- 12.24.3 Conhagen Rotating Equipment Specialists Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.24.4 Conhagen Rotating Equipment Specialists Oil& Gas Equipment MRO Product Portfolio
- 12.24.5 Conhagen Rotating Equipment Specialists Recent Developments
- 12.25 Houghton International
- 12.25.1 Houghton International Company Information
- 12.25.2 Houghton International Business Overview
- 12.25.3 Houghton International Revenue in Oil& Gas Equipment MRO Business (2021-2026)
- 12.25.4 Houghton International Oil& Gas Equipment MRO Product Portfolio
- 12.25.5 Houghton International Recent Developments
13 Report Conclusion
14 Disclaimer
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