Global Steam Turbine MRO Market by Type of Service, Type of Service Provider, End-User Industry, Plant Fuel, Capacity, and Region: Global Industry Analysis and Forecast 2021 – 2030, report offers assembled trends and predictions to clients. The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. The report is an intensive investigation portraying the details and the new opportunity appraisal of the market.
The steam turbine MRO market is the hub of the company’s manufacturing, maintenance or operation of steam turbine spare parts, equipment, consumables and other industries. The prospects of the steam turbine MRO market are broad, and the coal, natural gas and nuclear energy markets are full of opportunities. The growing potential of thermal power generation in developing countries and the aging steam turbine fleet are expected to drive the growth of the steam turbine MRO market. Time to time inspection and diagnosis of the steam turbine will increase the effective cost of the plant. Rise in investments toward building various power plants has increased the demand for steam turbine MRO market. The expanding global thermal power plant network is creating new opportunities that are driving the demand for steam turbines MRO across industries. Turbine maintenance can be predictive, preventive or planned. Compared with preventive maintenance, preventive maintenance can reduce maintenance costs. Avoid excessive wear of working equipment. Routine maintenance is regular or temporary maintenance, including lubrication, oil change, bearing inspection and similar elements results in decreasing overall maintaining cost.
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Market Trends
- Today’s manufacturing companies strive to shorten cycle times and maximize profits, which is why technology investment is so important. With the advancement of processing technology and the improvement of CNC skills, the need for skilled human-machine operators to control the process is decreasing. Due to this change, the quality of automation is maintained because fewer people in the factory follow the processing flow and check the final size.
- Shifting toward coal based thermal power plant from nuclear thermal power plant which is trending in every region which results to boom in this market in upcoming time.
- Ethos Energy provides a wide range of on-site services, including project management, skilled technicians, labor inspections, health and safety training, and factory work to assist with regular steam turbine inspections, various maintenance, overhaul or minor repairs, and complex repairs.
- In March 2021, one of the rotor shafts was damaged due to insufficient lubrication during work in a power station of a large electricity supplier in Europe. The plant operator asked experienced Goltens engineers to evaluate the situation and determine the correct repair procedures. After inspecting the shaft ends, Goltens engineers recommend machining the shaft on site to minimize maintenance costs and generator downtime. Only one day after receiving the customer’s request, Goltens began machining 530 mm shafts on site. Goltens engineers work around the clock to speed up the steam turbine repair process and minimize the installation downtime.
- Siemens Energy services also provides OEM services for parts, field service, repairs, overhauls, inspections, and remote operational services for steam turbine.
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Key Market Players in Steam Turbine MRO Market
Ansaldo Energia, Elliott Group, GENERAL ELECTRIC, HYUNDAI HEAVY INDUSTRIES TURBOMACHINERY Co Ltd., Kessels, Mitsubishi Power Ltd., Shanghai Electric, Siemens, STORK, Sulzer
Highlights of the study report
- A thorough assessment of the matrix of vendors as well as major firms would help in understanding the competitive scenario in the market
- Information on regulatory and investment scenarios for the market
- An analysis of the factors fueling the market growth along with their influence on the projection and dynamics of the Steam Turbine MRO Market
- A detailed roadmap presenting growth opportunities in the Steam Turbine MRO Market along with identification of key factors influencing the market growth
- A comprehensive assessment of the many trends prevailing in the Steam Turbine MRO market would help in identifying market developments
Key Market Segments
By Type of Service
- Maintenance
- Repair
- Overhaul
By Type of Service Provider
- Original Equipment Manufacturers
- Independent Service Providers
- In-House
By End-Use Industry
- Power
- Oil & Gas
- Others
By Fuel Type
- Coal
- Natural gas
- Nuclear
By Capacity
- less than 300 MW
- 300 MW to 599 MW
- 600 MW and above