Steam Turbine MRO Market Trends

  • Report ID: 3326
  • Published Date: Sep 08, 2025
  • Report Format: PDF, PPT

Steam Turbine MRO Market Growth Drivers and Challenges:

Growth Drivers

  • Steam turbine for rotating equipment drives MRO costs and energy savings: Steam turbines are prime movers for driving air compressors, forced or induced-draft fans, boiler feedwater pumps, blowers, and other rotating equipment. A 300-hp steam turbine, as per DOE estimates, has a43% isentropic efficiency of 43% and a steam rate of 26 lb/hp-hr as a result of the introduction of 600-pounds-per-square-inch-gauge (psig)/750°F steam for a 40-psig/486°F exhaust. Given the natural gas price of USD 8.00/MMBtu and an 80% boiler efficiency, the steam turbine operation cost is USD 8.00/hr. A 300-hp motor with a full-load efficiency of 95% would require energy of 235.6 kWh/hr and a steam turbine drive can save costs when electricity price exceeds 3.4 cents/kWh.

    A facility's energy costs and feedwater pump annual operational hours have a significant impact on the overall annual energy savings. The table below shows the annual energy savings for different electrical rates and pump maintenance, repair, and operation schedules. Steam turbine maintenance costs should be compared to electric motor maintenance costs in addition to operational cost savings.

Annual Energy Savings when Using a Steam Turbine Feedwater Pump Drive*, (Costs in USD)

Electricity Costs, $/kWh

Feedwater Pump Annual Operating Hours

2,000

4,000

6,000

7,000

8,760

0.04

2,830

5,650

8,480

9,900

12,380

0.05

7,540

15,080

22,620

26,390

33,020

0.075

19,320

38,640

55,960

67,620

84,620

*Savings are based upon operation of a 300-hp steam turbine drive with a steam rate of 26 lb/hp-hr. A natural gas cost of $8.00/MMBtu is assumed.

Source: U.S. DOE

  • Technological developments for potential efficiency gains:  Multiple design, technological integration, and operation and maintenance (O&M) factors influence the efficacy of stationary combustion turbine electric generating units (EGU) including steam turbines.

Comparison Of Various Turbine Technological Upgrades

Combustion Turbine Upgrade Option

MW Increase (%)

Heat Rate Impact (%)

Capital Cost ($/kW)

Comprehensive Upgrade

10-20

1-5

150-250

High-Flow Inlet Guide Vanes

4.5

1

<100

Hot Section Coatings

5-15

0.5-1

50-100

Compressor Coatings

0.5-3

0.5-3

50

Inlet-Air Fogging

5-15

1-5

50-100

Supercharging Plus Fogging

15-20

4

200

Source: EPA

Maintenance and repair of heat recovery steam generator (HRSG) components affects turbine performance. Contaminants such as ammonium bisulfate can accumulate in the HRSG and lead to pressure losses. According to the 2023 EPA report, GE removed 14 tons of debris, reducing the turbine back pressure by 8 inches in the water column and annual fuel savings netted the at USD 500,000. Similarly, condensers require regular maintenance and repair to ensure optimized performance. Turbine overhauls of USD 2 to USD 12 million for 200-MW steam turbines can render heat rate improvements of up to 300 Btu/kWh. Furthermore, correct O&M practices have the potential to limit heat rates by 30-70 Btu/kWh, which is about 0.7% of the steam cycle. Feed pump repair and retrofits enhance steam cycle heat rates by 0.25-0.5% for costs of USD 250,000 to USD 350,000.

Challenges

  • Increasing use of solar energy for the generation of power: The high investment in solar energy owing to the increasing adoption of natural energy sources is estimated to hamper the steam turbine MRO market growth and pose a threat of substitution. The rising installations of solar power plants in many residential and commercial buildings are hindering market growth in the coming years.
  • Skilled labor shortages: The MRO sector is experiencing a dearth of qualified technicians and engineers proficient in-stream turbine maintenance. This shortage can lead to increased labor costs and potential delays in maintenance schedules, affecting overall operational efficiency.

Base Year

2025

Forecast Period

2026-2035

CAGR

5.4%

Base Year Market Size (2025)

USD 22.95 billion

Forecast Year Market Size (2035)

USD 38.83 billion

Regional Scope

  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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.
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