APO RESEARCH · REPORT
Steam Turbine MRO
The MRO (maintenance, repair and overhaul) business is one of the most interesting for manufacturing companies. MRO could be defined as “all actions that have the objective of retaining or restoring an item in or to a state in which it can perform its required function. The actions include the combination of all technical and corresponding administrative, managerial and supervision actions.
Product & engineering
Understand the product.
The MRO (maintenance, repair and overhaul) business is one of the most interesting for manufacturing companies. MRO could be defined as “all actions that have the objective of retaining or restoring an item in or to a state in which it can perform its required function. The actions include the combination of all technical and corresponding administrative, managerial and supervision actions.
Selected research
Industry Research
Steam Turbine MRO Industry Research Report 2026
Market perspective
The MRO (maintenance, repair and overhaul) business is one of the most interesting for manufacturing companies. MRO could be defined as “all actions that have the objective of retaining or restoring an item in or to a state in which it can perform its required function. The actions include the combination of all technical and corresponding administrative, managerial and supervision actions.
The Top 2 companies in the world, including General Electric and Siemens, had a share of 35% in 2019. On the basis of product type, Maintenance segment is projected to account for the largest consumption value market share during the forecast period; this segment was estimated to account for 35% share in 2019 in terms of consumption value. In the applications, Power segment was estimated to account for the highest market share of 63% in 2019.
Report Scope
Read the full market overview
This report quantifies the global Steam Turbine 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 Steam Turbine 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.
Steam Turbine MRO Market by Company
General Electric
Siemens
Dongfang Turbine
Shanghai Electric
MHPS
MAN Energy Solutions
Elliot
EthosEnergy
Sulzer
Harbin Electric
Ansaldo Energia
Toshiba Energy
Stork
Hangzhou Steam Turbine
Kawasaki Heavy Industries
Shandong Qingneng
Steam Turbine MRO Segment by Type
Maintenance
Repair
Overhaul
Spare Parts
Steam Turbine MRO Segment by Application
Power
Oil & Gas
Others
Steam Turbine 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 Steam Turbine 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 Steam Turbine 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 Steam Turbine 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 Steam Turbine 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
- Maintenance
- Repair
- Overhaul
- Spare Parts
Applications
- Power
- Oil & Gas
- Others
Companies covered
- General Electric
- Siemens
- Dongfang Turbine
- Shanghai Electric
- MHPS
- MAN Energy Solutions
- Elliot
- EthosEnergy
- Sulzer
- Harbin Electric
- Ansaldo Energia
- Toshiba Energy
- Stork
- Hangzhou Steam Turbine
- Kawasaki Heavy Industries
- Shandong Qingneng
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 Steam Turbine MRO by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Maintenance
- 2.2.3 Repair
- 2.2.4 Overhaul
- 2.2.5 Spare Parts
- 2.3 Steam Turbine MRO by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 Power
- 2.3.3 Oil & Gas
- 2.3.4 Others
- 2.4 Assumptions and Limitations
3 Steam Turbine MRO Breakdown Data by Type
- 3.1 Global Steam Turbine MRO Historic Market Size by Type (2021-2026)
- 3.2 Global Steam Turbine MRO Forecasted Market Size by Type (2027-2032)
4 Steam Turbine MRO Breakdown Data by Application
- 4.1 Global Steam Turbine MRO Historic Market Size by Application (2021-2026)
- 4.2 Global Steam Turbine MRO Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global Steam Turbine MRO Market Perspective (2021-2032)
- 5.2 Global Steam Turbine MRO Growth Trends by Region
- 5.2.1 Global Steam Turbine MRO Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 Steam Turbine MRO Historic Market Size by Region (2021-2026)
- 5.2.3 Steam Turbine MRO Forecasted Market Size by Region (2027-2032)
- 5.3 Steam Turbine MRO Market Dynamics
- 5.3.1 Steam Turbine MRO Industry Trends
- 5.3.2 Steam Turbine MRO Market Drivers
- 5.3.3 Steam Turbine MRO Market Challenges
- 5.3.4 Steam Turbine MRO Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top Steam Turbine MRO Players by Revenue
- 6.1.1 Global Top Steam Turbine MRO Players by Revenue (2021-2026)
- 6.1.2 Global Steam Turbine MRO Revenue Market Share by Players (2021-2026)
- 6.2 Global Steam Turbine MRO Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of Steam Turbine MRO Head Office and Area Served
- 6.4 Global Steam Turbine MRO Players, Product Type & Application
- 6.5 Global Steam Turbine MRO Manufacturers Established Date
- 6.6 Global Steam Turbine MRO Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America Steam Turbine MRO Market Size (2021-2032)
- 7.2 North America Steam Turbine MRO Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America Steam Turbine MRO Market Size by Country (2021-2026)
- 7.4 North America Steam Turbine 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 Steam Turbine MRO Market Size (2021-2032)
- 8.2 Europe Steam Turbine MRO Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe Steam Turbine MRO Market Size by Country (2021-2026)
- 8.4 Europe Steam Turbine 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 Steam Turbine MRO Market Size (2021-2032)
- 9.2 Asia-Pacific Steam Turbine MRO Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific Steam Turbine MRO Market Size by Country (2021-2026)
- 9.4 Asia-Pacific Steam Turbine 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 Steam Turbine MRO Market Size (2021-2032)
- 10.2 South America Steam Turbine MRO Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America Steam Turbine MRO Market Size by Country (2021-2026)
- 10.4 South America Steam Turbine 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 Steam Turbine MRO Market Size (2021-2032)
- 11.2 Middle East & Africa Steam Turbine MRO Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa Steam Turbine MRO Market Size by Country (2021-2026)
- 11.4 Middle East & Africa Steam Turbine 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 General Electric
- 12.1.1 General Electric Company Information
- 12.1.2 General Electric Business Overview
- 12.1.3 General Electric Revenue in Steam Turbine MRO Business (2021-2026)
- 12.1.4 General Electric Steam Turbine MRO Product Portfolio
- 12.1.5 General Electric Recent Developments
- 12.2 Siemens
- 12.2.1 Siemens Company Information
- 12.2.2 Siemens Business Overview
- 12.2.3 Siemens Revenue in Steam Turbine MRO Business (2021-2026)
- 12.2.4 Siemens Steam Turbine MRO Product Portfolio
- 12.2.5 Siemens Recent Developments
- 12.3 Dongfang Turbine
- 12.3.1 Dongfang Turbine Company Information
- 12.3.2 Dongfang Turbine Business Overview
- 12.3.3 Dongfang Turbine Revenue in Steam Turbine MRO Business (2021-2026)
- 12.3.4 Dongfang Turbine Steam Turbine MRO Product Portfolio
- 12.3.5 Dongfang Turbine Recent Developments
- 12.4 Shanghai Electric
- 12.4.1 Shanghai Electric Company Information
- 12.4.2 Shanghai Electric Business Overview
- 12.4.3 Shanghai Electric Revenue in Steam Turbine MRO Business (2021-2026)
- 12.4.4 Shanghai Electric Steam Turbine MRO Product Portfolio
- 12.4.5 Shanghai Electric Recent Developments
- 12.5 MHPS
- 12.5.1 MHPS Company Information
- 12.5.2 MHPS Business Overview
- 12.5.3 MHPS Revenue in Steam Turbine MRO Business (2021-2026)
- 12.5.4 MHPS Steam Turbine MRO Product Portfolio
- 12.5.5 MHPS Recent Developments
- 12.6 MAN Energy Solutions
- 12.6.1 MAN Energy Solutions Company Information
- 12.6.2 MAN Energy Solutions Business Overview
- 12.6.3 MAN Energy Solutions Revenue in Steam Turbine MRO Business (2021-2026)
- 12.6.4 MAN Energy Solutions Steam Turbine MRO Product Portfolio
- 12.6.5 MAN Energy Solutions Recent Developments
- 12.7 Elliot
- 12.7.1 Elliot Company Information
- 12.7.2 Elliot Business Overview
- 12.7.3 Elliot Revenue in Steam Turbine MRO Business (2021-2026)
- 12.7.4 Elliot Steam Turbine MRO Product Portfolio
- 12.7.5 Elliot Recent Developments
- 12.8 EthosEnergy
- 12.8.1 EthosEnergy Company Information
- 12.8.2 EthosEnergy Business Overview
- 12.8.3 EthosEnergy Revenue in Steam Turbine MRO Business (2021-2026)
- 12.8.4 EthosEnergy Steam Turbine MRO Product Portfolio
- 12.8.5 EthosEnergy Recent Developments
- 12.9 Sulzer
- 12.9.1 Sulzer Company Information
- 12.9.2 Sulzer Business Overview
- 12.9.3 Sulzer Revenue in Steam Turbine MRO Business (2021-2026)
- 12.9.4 Sulzer Steam Turbine MRO Product Portfolio
- 12.9.5 Sulzer Recent Developments
- 12.10 Harbin Electric
- 12.10.1 Harbin Electric Company Information
- 12.10.2 Harbin Electric Business Overview
- 12.10.3 Harbin Electric Revenue in Steam Turbine MRO Business (2021-2026)
- 12.10.4 Harbin Electric Steam Turbine MRO Product Portfolio
- 12.10.5 Harbin Electric Recent Developments
- 12.11 Ansaldo Energia
- 12.11.1 Ansaldo Energia Company Information
- 12.11.2 Ansaldo Energia Business Overview
- 12.11.3 Ansaldo Energia Revenue in Steam Turbine MRO Business (2021-2026)
- 12.11.4 Ansaldo Energia Steam Turbine MRO Product Portfolio
- 12.11.5 Ansaldo Energia Recent Developments
- 12.12 Toshiba Energy
- 12.12.1 Toshiba Energy Company Information
- 12.12.2 Toshiba Energy Business Overview
- 12.12.3 Toshiba Energy Revenue in Steam Turbine MRO Business (2021-2026)
- 12.12.4 Toshiba Energy Steam Turbine MRO Product Portfolio
- 12.12.5 Toshiba Energy Recent Developments
- 12.13 Stork
- 12.13.1 Stork Company Information
- 12.13.2 Stork Business Overview
- 12.13.3 Stork Revenue in Steam Turbine MRO Business (2021-2026)
- 12.13.4 Stork Steam Turbine MRO Product Portfolio
- 12.13.5 Stork Recent Developments
- 12.14 Hangzhou Steam Turbine
- 12.14.1 Hangzhou Steam Turbine Company Information
- 12.14.2 Hangzhou Steam Turbine Business Overview
- 12.14.3 Hangzhou Steam Turbine Revenue in Steam Turbine MRO Business (2021-2026)
- 12.14.4 Hangzhou Steam Turbine Steam Turbine MRO Product Portfolio
- 12.14.5 Hangzhou Steam Turbine Recent Developments
- 12.15 Kawasaki Heavy Industries
- 12.15.1 Kawasaki Heavy Industries Company Information
- 12.15.2 Kawasaki Heavy Industries Business Overview
- 12.15.3 Kawasaki Heavy Industries Revenue in Steam Turbine MRO Business (2021-2026)
- 12.15.4 Kawasaki Heavy Industries Steam Turbine MRO Product Portfolio
- 12.15.5 Kawasaki Heavy Industries Recent Developments
- 12.16 Shandong Qingneng
- 12.16.1 Shandong Qingneng Company Information
- 12.16.2 Shandong Qingneng Business Overview
- 12.16.3 Shandong Qingneng Revenue in Steam Turbine MRO Business (2021-2026)
- 12.16.4 Shandong Qingneng Steam Turbine MRO Product Portfolio
- 12.16.5 Shandong Qingneng Recent Developments
13 Report Conclusion
14 Disclaimer
GET THE RESEARCH
Choose your license.
Choose who needs access.
All options are for this report and research series.
PDF by email within 3–5 working days after payment confirmation.
Talk to an analyst