The global steam turbine aftermarket size is calculated at USD 4.36 billion in 2025 and is forecasted to reach around USD 6.61 billion by 2034, accelerating at a CAGR of 4.69% from 2025 to 2034. Asia Pacific market size surpassed USD 1.71 billion in 2024 and is expanding at a CAGR of 4.90% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Steam Turbine Aftermarket Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Steam Turbine Aftermarket, by Type of Service
8.1.1. Spare Parts
8.1.1.1. Market Revenue and Forecast
8.1.2. Repair
8.1.2.1. Market Revenue and Forecast
8.1.3. Services
8.1.3.1. Market Revenue and Forecast
9.1. Steam Turbine Aftermarket, by Technology
9.1.1. Combined Cycle
9.1.1.1. Market Revenue and Forecast
9.1.2. Fossil
9.1.2.1. Market Revenue and Forecast
9.1.3. Nuclear
9.1.3.1. Market Revenue and Forecast
9.1.4. Thermal Renewable
9.1.4.1. Market Revenue and Forecast
10.1. Steam Turbine Aftermarket, by Capacity
10.1.1. Less than 50 MW
10.1.1.1. Market Revenue and Forecast
10.1.2. 50 MW to 100 MW
10.1.2.1. Market Revenue and Forecast
10.1.3. 100 MW to 300 MW
10.1.3.1. Market Revenue and Forecast
10.1.4. 300 MW to 600 MW
10.1.4.1. Market Revenue and Forecast
10.1.5. 600 MW and Above
10.1.5.1. Market Revenue and Forecast
11.1. Steam Turbine Aftermarket, by Service Provider
11.1.1. ISPs
11.1.1.1. Market Revenue and Forecast
11.1.2. OEMs
11.1.2.1. Market Revenue and Forecast
12.1. Steam Turbine Aftermarket, by End-user
12.1.1. Power Generation
12.1.1.1. Market Revenue and Forecast
12.1.2. Oil & Gas
12.1.2.1. Market Revenue and Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Type of Service
13.1.2. Market Revenue and Forecast, by Technology
13.1.3. Market Revenue and Forecast, by Capacity
13.1.4. Market Revenue and Forecast, by Service Provider
13.1.5. Market Revenue and Forecast, by End-user
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Type of Service
13.1.6.2. Market Revenue and Forecast, by Technology
13.1.6.3. Market Revenue and Forecast, by Capacity
13.1.6.4. Market Revenue and Forecast, by Service Provider
13.1.6.5. Market Revenue and Forecast, by End-user
13.1.7. Rest of North America
13.1.7.1. Market Revenue and Forecast, by Type of Service
13.1.7.2. Market Revenue and Forecast, by Technology
13.1.7.3. Market Revenue and Forecast, by Capacity
13.1.7.4. Market Revenue and Forecast, by Service Provider
13.1.7.5. Market Revenue and Forecast, by End-user
13.2. Europe
13.2.1. Market Revenue and Forecast, by Type of Service
13.2.2. Market Revenue and Forecast, by Technology
13.2.3. Market Revenue and Forecast, by Capacity
13.2.4. Market Revenue and Forecast, by Service Provider
13.2.5. Market Revenue and Forecast, by End-user
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Type of Service
13.2.6.2. Market Revenue and Forecast, by Technology
13.2.6.3. Market Revenue and Forecast, by Capacity
13.2.7. Market Revenue and Forecast, by Service Provider
13.2.8. Market Revenue and Forecast, by End-user
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Type of Service
13.2.9.2. Market Revenue and Forecast, by Technology
13.2.9.3. Market Revenue and Forecast, by Capacity
13.2.10. Market Revenue and Forecast, by Service Provider
13.2.11. Market Revenue and Forecast, by End-user
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Type of Service
13.2.12.2. Market Revenue and Forecast, by Technology
13.2.12.3. Market Revenue and Forecast, by Capacity
13.2.12.4. Market Revenue and Forecast, by Service Provider
13.2.13. Market Revenue and Forecast, by End-user
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Type of Service
13.2.14.2. Market Revenue and Forecast, by Technology
13.2.14.3. Market Revenue and Forecast, by Capacity
13.2.14.4. Market Revenue and Forecast, by Service Provider
13.2.15. Market Revenue and Forecast, by End-user
13.3. APAC
13.3.1. Market Revenue and Forecast, by Type of Service
13.3.2. Market Revenue and Forecast, by Technology
13.3.3. Market Revenue and Forecast, by Capacity
13.3.4. Market Revenue and Forecast, by Service Provider
13.3.5. Market Revenue and Forecast, by End-user
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Type of Service
13.3.6.2. Market Revenue and Forecast, by Technology
13.3.6.3. Market Revenue and Forecast, by Capacity
13.3.6.4. Market Revenue and Forecast, by Service Provider
13.3.7. Market Revenue and Forecast, by End-user
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Type of Service
13.3.8.2. Market Revenue and Forecast, by Technology
13.3.8.3. Market Revenue and Forecast, by Capacity
13.3.8.4. Market Revenue and Forecast, by Service Provider
13.3.9. Market Revenue and Forecast, by End-user
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Type of Service
13.3.10.2. Market Revenue and Forecast, by Technology
13.3.10.3. Market Revenue and Forecast, by Capacity
13.3.10.4. Market Revenue and Forecast, by Service Provider
13.3.10.5. Market Revenue and Forecast, by End-user
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Type of Service
13.3.11.2. Market Revenue and Forecast, by Technology
13.3.11.3. Market Revenue and Forecast, by Capacity
13.3.11.4. Market Revenue and Forecast, by Service Provider
13.3.11.5. Market Revenue and Forecast, by End-user
13.4. MEA
13.4.1. Market Revenue and Forecast, by Type of Service
13.4.2. Market Revenue and Forecast, by Technology
13.4.3. Market Revenue and Forecast, by Capacity
13.4.4. Market Revenue and Forecast, by Service Provider
13.4.5. Market Revenue and Forecast, by End-user
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Type of Service
13.4.6.2. Market Revenue and Forecast, by Technology
13.4.6.3. Market Revenue and Forecast, by Capacity
13.4.6.4. Market Revenue and Forecast, by Service Provider
13.4.7. Market Revenue and Forecast, by End-user
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Type of Service
13.4.8.2. Market Revenue and Forecast, by Technology
13.4.8.3. Market Revenue and Forecast, by Capacity
13.4.8.4. Market Revenue and Forecast, by Service Provider
13.4.9. Market Revenue and Forecast, by End-user
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Type of Service
13.4.10.2. Market Revenue and Forecast, by Technology
13.4.10.3. Market Revenue and Forecast, by Capacity
13.4.10.4. Market Revenue and Forecast, by Service Provider
13.4.10.5. Market Revenue and Forecast, by End-user
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Type of Service
13.4.11.2. Market Revenue and Forecast, by Technology
13.4.11.3. Market Revenue and Forecast, by Capacity
13.4.11.4. Market Revenue and Forecast, by Service Provider
13.4.11.5. Market Revenue and Forecast, by End-user
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Type of Service
13.5.2. Market Revenue and Forecast, by Technology
13.5.3. Market Revenue and Forecast, by Capacity
13.5.4. Market Revenue and Forecast, by Service Provider
13.5.5. Market Revenue and Forecast, by End-user
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Type of Service
13.5.6.2. Market Revenue and Forecast, by Technology
13.5.6.3. Market Revenue and Forecast, by Capacity
13.5.6.4. Market Revenue and Forecast, by Service Provider
13.5.7. Market Revenue and Forecast, by End-user
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Type of Service
13.5.8.2. Market Revenue and Forecast, by Technology
13.5.8.3. Market Revenue and Forecast, by Capacity
13.5.8.4. Market Revenue and Forecast, by Service Provider
13.5.8.5. Market Revenue and Forecast, by End-user
14.1. Ansaldo Energia
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Elliott Group IE
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. General Electric Company
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. HD Hyundai Heavy Industries Co. Ltd.
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Kessels
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Mitsubishi Power
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Shanghai Electric
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Siemens AG
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Stork
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Sulzer Ltd
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
16.1. About Us
16.2. Glossary of Terms
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