Steam Turbine MRO Market Players:
- 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)
In the year 2026, the industry size of steam turbine MRO is estimated at USD 24.07 billion.
The global steam turbine MRO market size crossed USD 22.95 billion in 2025 and is likely to register a CAGR of over 5.4%, exceeding USD 38.83 billion revenue by 2035.
North America steam turbine MRO market will hold around 33% share by 2035, driven by the increasing use of steam turbines in combined heat and power systems, boosting electricity generation efficiency.
Key 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.
