Steam Turbine MRO Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Service Type, By Service Provider, By Fuel Type, By Capacity, By End-Use Industry, By Region & Competition, 2021-2031F

Description

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:

Coal
Natural Gas
Nuclear

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:

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
- 5.1.1. By Value
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
- 6.1.1. By Value
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
    - 6.3.1.1.1. By Value
  - 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
    - 6.3.2.1.1. By Value
  - 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
    - 6.3.3.1.1. By Value
  - 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
- 7.1.1. By Value
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
    - 7.3.1.1.1. By Value
  - 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
    - 7.3.2.1.1. By Value
  - 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
    - 7.3.3.1.1. By Value
  - 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
    - 7.3.4.1.1. By Value
  - 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
    - 7.3.5.1.1. By Value
  - 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
- 8.1.1. By Value
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
    - 8.3.1.1.1. By Value
  - 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
    - 8.3.2.1.1. By Value
  - 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
    - 8.3.3.1.1. By Value
  - 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
    - 8.3.4.1.1. By Value
  - 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
    - 8.3.5.1.1. By Value
  - 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
- 9.1.1. By Value
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
    - 9.3.1.1.1. By Value
  - 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
    - 9.3.2.1.1. By Value
  - 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
    - 9.3.3.1.1. By Value
  - 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
- 10.1.1. By Value
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
    - 10.3.1.1.1. By Value
  - 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
    - 10.3.2.1.1. By Value
  - 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
    - 10.3.3.1.1. By Value
  - 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