MRO - Industry-Specific Maintenance Services · Indirect
Monitoring · monthly
Procurement Category Intelligence

Power Plant MRO - Steam Turbine Overhaul

Overview
Market size
$11.2B
global, USD
CAGR
4.8%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
6
tracked players
Signals
12
monitored

Market outlook

2031$14.2B

What changed

Demand by region

Asia Pacific demand47%
Europe demand20%
North America demand18%
Middle East and Africa demand10%
Rest of world demand5%
share of global demandtotal 100%

Cost drivers

Specialized Field Labor and Engineering45%
OEM Forgings and Specialty Component Metallurgy25%
Advanced Diagnostic Tools and Machining Equipment15%
Logistics, Heavy Lift, and Mobilization10%
Consumables and Lubricants5%
share of delivered cost (analyst estimate)

Supplier watchlist

6 tracked