Growth Opportunities in the Global Steam Turbine MRO Market 2016-2021: Trends, Forecast, and Opportunity Analysis, July 2016
According to a new market report published by Lucintel, the future of the steam turbine MRO market looks good with opportunities in maintenance, repair and overhaul segment. The global steam turbine MRO market is forecast to grow at a CAGR of 8.7% from 201 6 to 2021. The major drivers for the growth of this market are increasing age of operating steam turbines and installation of new steam turbines, especially in the APAC region.
In this market, there are mainly three services practiced, i.e. maintenance, repair, and overhaul. On the basis of comprehensive research, Lucintel forecasts that the maintenance and overhaul segments of the steam turbine MRO market are expected to show above average growth rate during the forecast period.
Within the steam turbine MRO market, the maintenance service is expected to remain the largest segment. Increasing concern by steam turbine owners for maintaining the turbine efficiency and to reduce the risk of turbine breakdown as much as possible are the major driving forces, which would spur growth for this segment over the forecast period.
APAC is expected to remain the largest market and is likely to witness the highest growth rate during the forecast period due to increasing fleet of ageing turbines and installation of new steam turbines. For market expansion, this report suggests establishment of collaboration and ventures to increase customer proximity.
Emerging trends in the global steam turbine MRO market, which have a direct impact on the dynamics of the industry, include growing interest of steam turbine OEMs to service the equipment of other OEMs and collaboration activities by competitors to gain access to APAC market. Shanghai Electric, Harbin Electric, Dongfang Electric, Siemens, Mitsubishi Heavy Industries, and BHEL are among the major competitors of steam turbine MRO market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for the global steam turbine MRO market by type of service and region and has come up with a comprehensive research report, “Growth Opportunities in the Global Steam Turbine MRO Market 2016-2021: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global steam turbine MRO market by type of service and region as follows:
By type of service (Value ($B) analysis from 2010 to 2021)
Q.1. What are some of the most promising, high-growth opportunities for global steam turbine MRO market by type of service and regions?
Q.2. Which product/segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5. What are the business risks and threats to this market?
Q.6. What are the emerging trends in the Steam Turbine MRO market and reasons behind them?
Q.7. What are some changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10. How are the competitive rivalry and threat of substitution in this market?
Q.11. What are M&A activities in the last 5 years in this market? What reasons to these activities and how have they impacted the industry?
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
In this market, there are mainly three services practiced, i.e. maintenance, repair, and overhaul. On the basis of comprehensive research, Lucintel forecasts that the maintenance and overhaul segments of the steam turbine MRO market are expected to show above average growth rate during the forecast period.
Within the steam turbine MRO market, the maintenance service is expected to remain the largest segment. Increasing concern by steam turbine owners for maintaining the turbine efficiency and to reduce the risk of turbine breakdown as much as possible are the major driving forces, which would spur growth for this segment over the forecast period.
APAC is expected to remain the largest market and is likely to witness the highest growth rate during the forecast period due to increasing fleet of ageing turbines and installation of new steam turbines. For market expansion, this report suggests establishment of collaboration and ventures to increase customer proximity.
Emerging trends in the global steam turbine MRO market, which have a direct impact on the dynamics of the industry, include growing interest of steam turbine OEMs to service the equipment of other OEMs and collaboration activities by competitors to gain access to APAC market. Shanghai Electric, Harbin Electric, Dongfang Electric, Siemens, Mitsubishi Heavy Industries, and BHEL are among the major competitors of steam turbine MRO market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for the global steam turbine MRO market by type of service and region and has come up with a comprehensive research report, “Growth Opportunities in the Global Steam Turbine MRO Market 2016-2021: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global steam turbine MRO market by type of service and region as follows:
By type of service (Value ($B) analysis from 2010 to 2021)
- Maintenance
- Repair
- Overhaul
- North America
- Europe
- APAC
- ROW
Q.1. What are some of the most promising, high-growth opportunities for global steam turbine MRO market by type of service and regions?
Q.2. Which product/segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5. What are the business risks and threats to this market?
Q.6. What are the emerging trends in the Steam Turbine MRO market and reasons behind them?
Q.7. What are some changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10. How are the competitive rivalry and threat of substitution in this market?
Q.11. What are M&A activities in the last 5 years in this market? What reasons to these activities and how have they impacted the industry?
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
1. EXECUTIVE SUMMARY
2. INDUSTRY BACKGROUND AND CLASSIFICATIONS
2.1: Introduction to Steam Turbine MRO Services
2.2: Supply Chain
3. MARKET TRENDS AND FORECAST ANALYSIS
3.1: Market Analysis: 2015
3.1.1: Global Steam Turbine MRO Market by Type of Service in 2015
3.1.2: Steam Turbine MRO Market by Region in 2015
3.1.3: Regional Steam Turbine MRO Market by Type of Service in 2015
3.2: Market Trend 2010-2015
3.2.1: Macroeconomic Trends
3.2.2: Trends of the Global Steam Turbine MRO Market by Value
3.2.3: Global Steam Turbine MRO Market Trends by Type of Service: 2010-2015
3.2.4: Steam Turbine MRO Market Trends by Region: 2010-2015
3.3: Drivers and Challenges for the Steam Turbine MRO Market
3.4: Market Forecast: 2016-2021
3.4.1: Macroeconomic Forecast
3.4.2: Global Steam Turbine MRO Market Forecast by Value: 2016-2021
3.4.3: Global Steam Turbine MRO Market Forecast by Type of Service: 2016-2021
3.4.4: Steam Turbine MRO Market Forecast by Region: 2016-2021
4. COMPETITOR ANALYSIS
4.1: Service Portfolio Analysis of Steam Turbine Service Providers
4.2: Geographical Reach
4.3: Operational Integration
4.4: Porter’s Five Forces Analysis
5. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
5.1: Growth Opportunities in the Global Steam Turbine MRO Market
5.1.1: Growth Opportunities for the Steam Turbine MRO Market by Region
5.2: Emerging Trends in the Global Steam Turbine MRO Market
5.3: Strategic Analysis
5.3.1: Expansion Strategy
5.3.2: Growth Matrix for the Global Steam Turbine MRO Market
5.4: Mergers and Acquisitions in the Global Steam Turbine MRO Market
6. COMPANY PROFILES OF LEADING PLAYERS
2. INDUSTRY BACKGROUND AND CLASSIFICATIONS
2.1: Introduction to Steam Turbine MRO Services
2.2: Supply Chain
3. MARKET TRENDS AND FORECAST ANALYSIS
3.1: Market Analysis: 2015
3.1.1: Global Steam Turbine MRO Market by Type of Service in 2015
3.1.2: Steam Turbine MRO Market by Region in 2015
3.1.3: Regional Steam Turbine MRO Market by Type of Service in 2015
3.2: Market Trend 2010-2015
3.2.1: Macroeconomic Trends
3.2.2: Trends of the Global Steam Turbine MRO Market by Value
3.2.3: Global Steam Turbine MRO Market Trends by Type of Service: 2010-2015
3.2.4: Steam Turbine MRO Market Trends by Region: 2010-2015
3.3: Drivers and Challenges for the Steam Turbine MRO Market
3.4: Market Forecast: 2016-2021
3.4.1: Macroeconomic Forecast
3.4.2: Global Steam Turbine MRO Market Forecast by Value: 2016-2021
3.4.3: Global Steam Turbine MRO Market Forecast by Type of Service: 2016-2021
3.4.4: Steam Turbine MRO Market Forecast by Region: 2016-2021
4. COMPETITOR ANALYSIS
4.1: Service Portfolio Analysis of Steam Turbine Service Providers
4.2: Geographical Reach
4.3: Operational Integration
4.4: Porter’s Five Forces Analysis
5. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
5.1: Growth Opportunities in the Global Steam Turbine MRO Market
5.1.1: Growth Opportunities for the Steam Turbine MRO Market by Region
5.2: Emerging Trends in the Global Steam Turbine MRO Market
5.3: Strategic Analysis
5.3.1: Expansion Strategy
5.3.2: Growth Matrix for the Global Steam Turbine MRO Market
5.4: Mergers and Acquisitions in the Global Steam Turbine MRO Market
6. COMPANY PROFILES OF LEADING PLAYERS
LIST OF FIGURES
CHAPTER 2. INDUSTRY BACKGROUND AND CLASSIFICATIONS
Figure 2.1: Steam Turbine MRO Structure
CHAPTER 3. MARKET TRENDS AND FORECAST ANALYSIS
Figure 3.10: Global Steam Turbine MRO Market ($B) Distribution by Type of Service in 2015
Figure 3.11: Global Steam Turbine MRO Market ($B) by Type of Service in 2015
Figure 3.12: Steam Turbine MRO Market ($B) Distribution by Region in 2015
Figure 3.13: Steam Turbine MRO Market ($B) by Region in 2015
Figure 3.14: Regional Steam Turbine MRO Market ($B) by Type of Service in 2015
Figure 3.15: Trends of Global GDP Growth Rate
Figure 3.16: Trends of Regional GDP Growth rate
Figure 3.17: Age of Steam Turbines Operating in North America in 2015
Figure 3.18: Age of Steam Turbines Operating in Europe in 2015
Figure 3.19: Age of Steam Turbines Operating in APAC in 2015
Figure 3.20: Age of Steam Turbines Operating in ROW in 2015
Figure 3.21: Trends of regional GNI per Capita from 2010 to 2015
Figure 3.22: Trends of the Global Steam Turbine MRO Market ($B) from 2010 to 2015
Figure 3.23: Trends of the Global Steam Turbine MRO Market ($B) by Type of Service from 2010 to 2015
Figure 3.24: Year-over-Year Growth Rate of the Global Steam Turbine MRO Market ($B) by Type of Service from 2014 to 2015
Figure 3.25: CAGR of the Global Steam Turbine MRO Market ($B) by Type of Service from 2010 to 2015
Figure 3.26: Trends of the Global Steam Turbine MRO Market ($B) by Region from 2010 to 2015
Figure 3.27: Year-over-Year Growth Rate of the Global Steam Turbine MRO Market ($ B) by Region from 2014 to 2015
Figure 3.28: CAGR of the Global Steam Turbine MRO Market ($B) by Region from 2010 to 2015
Figure 3.29: Drivers and Challenges for the Steam Turbine MRO market
Figure 3.30: Forecast of Global GDP Growth Rate
Figure 3.31: Forecast for Regional GDP Growth Rate
Figure 3.32: Forecast for Regional GNI per Capita from 2016 to 2021
Figure 3.33: Forecast for the Global Steam Turbine MRO Market ($B) from 2016 to 2021
Figure 3.34: Forecast for the Global Steam Turbine MRO Market ($B) by Type of Service from 2016 to 2021
Figure 3.35: Year-over-Year Growth Rate of the Global Steam Turbine MRO Market ($ Billion) by Type of Service
Figure 3.36: CAGR of the Steam Turbine MRO Market ($B) by Type of Service from 2016 to 2021
Figure 3.37: Forecast for the Global Steam Turbine MRO Market ($B) by Region from 2016 to 2021
Figure 3.38: Year-over-Year Growth Rate of the Global Steam Turbine MRO Market ($B) by Region from 2015 to 2016
Figure 3.39: CAGR of the Steam Turbine MRO Market ($B) by Region from 2016 to 2021
CHAPTER 4. COMPETITOR ANALYSIS
Figure 4.10: Headquarter Locations of Major Competitors in the Steam Turbine MRO Market
Figure 4.11: Porter’s Five Forces Analysis for the Steam Turbine MRO Industry
CHAPTER 5. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
Figure 5.10: Growth Opportunities for the Steam Turbine MRO Market by Region
Figure 5.11: Emerging Trends in the Global Steam Turbine MRO Market
Figure 5.12: Service Capacity Expansion by Major Players in the Global Steam Turbine MRO Market
Figure 5.13: Strategic Initiatives by Major Competitors in 2015
Figure 5.14: Strategic Initiatives by Major Competitors in 2014
Figure 5.15: Year-over-Year Study of the Strategic Initiatives in the Global Steam Turbine MRO Market
CHAPTER 2. INDUSTRY BACKGROUND AND CLASSIFICATIONS
Figure 2.1: Steam Turbine MRO Structure
CHAPTER 3. MARKET TRENDS AND FORECAST ANALYSIS
Figure 3.10: Global Steam Turbine MRO Market ($B) Distribution by Type of Service in 2015
Figure 3.11: Global Steam Turbine MRO Market ($B) by Type of Service in 2015
Figure 3.12: Steam Turbine MRO Market ($B) Distribution by Region in 2015
Figure 3.13: Steam Turbine MRO Market ($B) by Region in 2015
Figure 3.14: Regional Steam Turbine MRO Market ($B) by Type of Service in 2015
Figure 3.15: Trends of Global GDP Growth Rate
Figure 3.16: Trends of Regional GDP Growth rate
Figure 3.17: Age of Steam Turbines Operating in North America in 2015
Figure 3.18: Age of Steam Turbines Operating in Europe in 2015
Figure 3.19: Age of Steam Turbines Operating in APAC in 2015
Figure 3.20: Age of Steam Turbines Operating in ROW in 2015
Figure 3.21: Trends of regional GNI per Capita from 2010 to 2015
Figure 3.22: Trends of the Global Steam Turbine MRO Market ($B) from 2010 to 2015
Figure 3.23: Trends of the Global Steam Turbine MRO Market ($B) by Type of Service from 2010 to 2015
Figure 3.24: Year-over-Year Growth Rate of the Global Steam Turbine MRO Market ($B) by Type of Service from 2014 to 2015
Figure 3.25: CAGR of the Global Steam Turbine MRO Market ($B) by Type of Service from 2010 to 2015
Figure 3.26: Trends of the Global Steam Turbine MRO Market ($B) by Region from 2010 to 2015
Figure 3.27: Year-over-Year Growth Rate of the Global Steam Turbine MRO Market ($ B) by Region from 2014 to 2015
Figure 3.28: CAGR of the Global Steam Turbine MRO Market ($B) by Region from 2010 to 2015
Figure 3.29: Drivers and Challenges for the Steam Turbine MRO market
Figure 3.30: Forecast of Global GDP Growth Rate
Figure 3.31: Forecast for Regional GDP Growth Rate
Figure 3.32: Forecast for Regional GNI per Capita from 2016 to 2021
Figure 3.33: Forecast for the Global Steam Turbine MRO Market ($B) from 2016 to 2021
Figure 3.34: Forecast for the Global Steam Turbine MRO Market ($B) by Type of Service from 2016 to 2021
Figure 3.35: Year-over-Year Growth Rate of the Global Steam Turbine MRO Market ($ Billion) by Type of Service
Figure 3.36: CAGR of the Steam Turbine MRO Market ($B) by Type of Service from 2016 to 2021
Figure 3.37: Forecast for the Global Steam Turbine MRO Market ($B) by Region from 2016 to 2021
Figure 3.38: Year-over-Year Growth Rate of the Global Steam Turbine MRO Market ($B) by Region from 2015 to 2016
Figure 3.39: CAGR of the Steam Turbine MRO Market ($B) by Region from 2016 to 2021
CHAPTER 4. COMPETITOR ANALYSIS
Figure 4.10: Headquarter Locations of Major Competitors in the Steam Turbine MRO Market
Figure 4.11: Porter’s Five Forces Analysis for the Steam Turbine MRO Industry
CHAPTER 5. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
Figure 5.10: Growth Opportunities for the Steam Turbine MRO Market by Region
Figure 5.11: Emerging Trends in the Global Steam Turbine MRO Market
Figure 5.12: Service Capacity Expansion by Major Players in the Global Steam Turbine MRO Market
Figure 5.13: Strategic Initiatives by Major Competitors in 2015
Figure 5.14: Strategic Initiatives by Major Competitors in 2014
Figure 5.15: Year-over-Year Study of the Strategic Initiatives in the Global Steam Turbine MRO Market
LIST OF TABLES
CHAPTER 1. EXECUTIVE SUMMARY
Table 1.1: Parameters and Attributes of the Global Steam Turbine MRO Market
CHAPTER 2. INDUSTRY BACKGROUND AND CLASSIFICATIONS
Table 2.1: Major In-house Maintenance Activities Frequencies
CHAPTER 3. MARKET TRENDS AND FORECAST ANALYSIS
Table 3.10: Trends of the Global Steam Turbine MRO Market from 2010 to 2015
Table 3.11: Average Growth Rates for One, Three, and Five years in the Global Steam Turbine MRO Market in Terms of Value
Table 3.12: Market Size and 2014-2015 Growth Rates of the Global Steam Turbine MRO Market by Type of Service in Terms of Value
Table 3.13: Market Size and CAGR during 2010 to 2015, in the Global Steam Turbine MRO Market by Type of Service in Terms of Value
Table 3.14: Market Size and 2014-2015 Growth Rates in the Global Steam Turbine MRO Market by Region in Terms of Value
Table 3.15: Market Size and CAGR during 2010 to 2015, in the Global Steam Turbine MRO Market by Region in Terms of Value
Table 3.16: Forecast for the Global Steam Turbine MRO Market from 2016 to 2021
Table 3.17: Average Growth Rates for One, Three, and Five years in the Global Steam Turbine MRO Market in Terms of $ Value
Table 3.18: Market Size and 2015-2016 Growth Rates of the Global Steam Turbine MRO Market by Type of Service in Terms of Value
Table 3.19: Market Size and Annual Growth Rates during 2016 to 2021, in the Global Steam Turbine MRO Market by Type of Service in Terms of Value
Table 3.20: Market Size and 2015-2016 Growth Rates in the Global Steam Turbine MRO Market by Region in Terms of Value
Table 3.21: Market Size and Annual Growth Rates during 2016 to 2021, in the Global Steam Turbine MRO Market by Region in Terms of Value
CHAPTER 4. COMPETITOR ANALYSIS
Table 4.1: Service Portfolio Analysis of Steam Turbine Service Providers
Table 4.2: Operational Integration of Steam Turbine MRO Market Major Players
CHAPTER 5. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
Table 5.11: New Type of Service Development by Major Steam Turbine MRO Players during Last Five Years
CHAPTER 1. EXECUTIVE SUMMARY
Table 1.1: Parameters and Attributes of the Global Steam Turbine MRO Market
CHAPTER 2. INDUSTRY BACKGROUND AND CLASSIFICATIONS
Table 2.1: Major In-house Maintenance Activities Frequencies
CHAPTER 3. MARKET TRENDS AND FORECAST ANALYSIS
Table 3.10: Trends of the Global Steam Turbine MRO Market from 2010 to 2015
Table 3.11: Average Growth Rates for One, Three, and Five years in the Global Steam Turbine MRO Market in Terms of Value
Table 3.12: Market Size and 2014-2015 Growth Rates of the Global Steam Turbine MRO Market by Type of Service in Terms of Value
Table 3.13: Market Size and CAGR during 2010 to 2015, in the Global Steam Turbine MRO Market by Type of Service in Terms of Value
Table 3.14: Market Size and 2014-2015 Growth Rates in the Global Steam Turbine MRO Market by Region in Terms of Value
Table 3.15: Market Size and CAGR during 2010 to 2015, in the Global Steam Turbine MRO Market by Region in Terms of Value
Table 3.16: Forecast for the Global Steam Turbine MRO Market from 2016 to 2021
Table 3.17: Average Growth Rates for One, Three, and Five years in the Global Steam Turbine MRO Market in Terms of $ Value
Table 3.18: Market Size and 2015-2016 Growth Rates of the Global Steam Turbine MRO Market by Type of Service in Terms of Value
Table 3.19: Market Size and Annual Growth Rates during 2016 to 2021, in the Global Steam Turbine MRO Market by Type of Service in Terms of Value
Table 3.20: Market Size and 2015-2016 Growth Rates in the Global Steam Turbine MRO Market by Region in Terms of Value
Table 3.21: Market Size and Annual Growth Rates during 2016 to 2021, in the Global Steam Turbine MRO Market by Region in Terms of Value
CHAPTER 4. COMPETITOR ANALYSIS
Table 4.1: Service Portfolio Analysis of Steam Turbine Service Providers
Table 4.2: Operational Integration of Steam Turbine MRO Market Major Players
CHAPTER 5. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
Table 5.11: New Type of Service Development by Major Steam Turbine MRO Players during Last Five Years
