New Research: Lucintel Predicts a Bright Future for the Steam Turbine MRO Market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities in the Global Steam Turbine MRO Industry”?
This market report for steam turbine MRO identifies and predicts future opportunities for growth in global steam turbine MRO industry for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for steam turbine MRO in the coal, gas fired, and nuclear energy based power generation market.
According to Lucintel’s market report, the global steam turbine MRO market is expected to reach an estimated $31.7 billion by 2023 with a CAGR of 5.6% from 2018 to 2023. Some of the dominant players in the global steam turbine MRO market are GE, Siemens, Shanghai Electric, MHI, Harbin Electric, Dongfang Electric, and some of the ISPs such as Sulzer, Stork Turbo Services and Wood Group and others.
There are some interesting developments in global steam turbine MRO market as competition heats up and players try to increase their market share. Some of the emerging trends shaping the market dynamics include increasing thermal power generation capacity in developing countries and aging fleet of steam turbines.
Read more about this report at
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