Companies Dominating the Global Steam Turbine MRO Market
- 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 A
The steam turbine MRO market players are capitalizing on the O&M demand by strategically engaging in collaborations, mergers and acquisitions, development of new manufacturing facilities, and product launches. Furthermore, the high adoption rate in heavy-duty industries showcases promising opportunities for the companies operating in the steam turbine MRO market. Some of them include:
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
Steam Turbine MRO Market in 2025 is estimated at USD 24.07 billion.
The global market size was around USD 23.45 billion in 2024 and is likely to expand at a CAGR of more than 3.3%, surpassing USD 35.76 billion revenue by 2037.
North America could reach USD 11.8 billion by 2037, driven by demand in CHP systems and growing steam turbine usage.
The major players in the market include 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
