Lucintel Forecasts the Global Steam Turbine MRO Market to Reach $33.0 billion by 2030
Lucintel Forecasts the Global Steam Turbine MRO Market to Reach $33.0 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global steam turbine MRO market looks promising with opportunities in the maintenance, repair, and overhaul markets. The global steam turbine MRO market is expected to reach an estimated $33.0 billion by 2030with a CAGR of 5% from 2024 to 2030. The major drivers for this market are increasing thermal power generation capacity in developing countries, aging fleet of steam turbines, and demand for efficient and reliable energy generation solutions globally.
A more than 150-page report to understand trends, opportunity and forecast in steam turbine MRO market to 2030 by type of service (maintenance, repair, and overhaul), type of service provider (original equipment manufacturers, independent service providers, and in-house), plant fuel (coal, natural gas, and nuclear), capacity (less than 300 mw, 300 mw to 599 mw, and 600 mw and above), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that coal will remain the largest segment over the forecast period due to heir significant installed base globally and ongoing investments in maintaining and upgrading.
Within this market, maintenance will remain the largest segment.
Download sample by clicking on steam turbine MRO market
GE, Siemens, Shanghai Electric, MHI, Harbin Electric, Dongfang Electric are the major suppliers in the steam turbine MRO market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.comTo get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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