|
Forecast
Period
|
2026-2030
|
|
Market
Size (2024)
|
USD
6.89 Billion
|
|
Market
Size (2030)
|
USD
9.52 Billion
|
|
CAGR
(2025-2030)
|
5.54%
|
|
Fastest
Growing Segment
|
Industrial
|
|
Largest
Market
|
United
States
|
Market Overview
The North America Steam Turbine Service Market was valued at USD 6.89 Billion in 2024
and is expected to reach USD 9.52 Billion by 2030 with a CAGR of 5.54% during
the forecast period. The North America Steam Turbine Service
Market refers to the industry segment dedicated to the maintenance, repair,
overhaul, and optimization of steam turbines used across power generation,
industrial manufacturing, petrochemical, and other sectors. Steam turbines
remain a critical component in thermal power plants, where they convert heat
energy into mechanical energy for electricity production.
Over
time, these turbines face wear and tear due to high temperatures, pressure, and
continuous operations, necessitating periodic servicing to maintain peak
performance and avoid unplanned outages. In North America, especially the
United States and Canada, a substantial portion of the installed steam turbine
fleet is aging, with many turbines operating for over 20–30 years. As a result,
the market for turbine services—including blade replacement, rotor balancing,
seal replacements, and control system upgrades—is expanding steadily.
Rising
energy efficiency regulations and decarbonization initiatives are prompting
utilities and industrial operators to refurbish older turbines rather than
invest in new equipment, further driving service demand. The market is also
experiencing growth due to increased adoption of condition monitoring and
predictive maintenance technologies, allowing operators to detect performance
anomalies early and plan service activities more efficiently. The rising
integration of renewable energy sources has led to more cyclic load patterns in
thermal power plants, increasing mechanical stress on steam turbines and
further accelerating the need for maintenance services.
Service
providers in the region are expanding their capabilities by adopting advanced
diagnostics, digital twins, and automation tools to improve service delivery
and reduce downtime. Strategic partnerships between turbine manufacturers and
independent service providers are enhancing service access, especially for
non-OEM turbine users. With the ongoing emphasis on energy security,
infrastructure modernization, and the longevity of thermal generation assets,
the North America Steam Turbine Service Market is expected to witness sustained
growth, driven by the essential role steam turbines continue to play in
industrial and power generation applications across the region.
Key Market Drivers
Aging Fleet of Steam Turbines Driving Demand for
Long-Term Service Contracts
The North America Steam Turbine Service Market is
being strongly driven by the aging fleet of steam turbines operating across the
region, particularly in the United States and Canada, where many units have
exceeded their original design life yet continue to serve critical roles in
power generation and industrial processing. Installed during the expansionary
energy infrastructure phases of the 1970s to 1990s, a significant portion of
steam turbines in both fossil-fuel-based thermal plants and industrial cogeneration
facilities have now been in operation for more than 25 to 30 years. These aging
assets are increasingly susceptible to efficiency losses, mechanical fatigue,
component erosion, and control system obsolescence, necessitating frequent and
specialized service interventions. Operators are under pressure to sustain
output reliability while minimizing capital investment in entirely new systems,
resulting in a strategic shift toward extending the operational life of
existing turbines through comprehensive service programs. These include rotor
inspections, casing repairs, seal replacements, blade re-profiling,
non-destructive testing, and software upgrades for control logic systems. Many
plant owners are entering long-term service agreements with turbine manufacturers
and third-party service providers to manage this asset class proactively. These
agreements offer scheduled maintenance, condition-based monitoring, and
risk-sharing mechanisms that align the financial interests of service providers
with those of asset owners, making them increasingly popular among utility and
industrial clients.
The financial rationale is reinforced by the high
replacement cost of steam turbines, which can range from ten million to fifty
million United States dollars depending on the size and configuration, compared
to a fraction of that cost for extended maintenance over the same period. In
this context, the aging infrastructure is not only generating continuous demand
for services but is also shifting the market emphasis toward predictive
maintenance and performance life-cycle management. This trend is particularly
pronounced in coal and nuclear facilities, many of which are being kept in
operation for longer than initially planned to support base-load energy
requirements amid the variable output from renewable energy sources. According
to data from the United States Energy Information Administration, more than 55
percent of the coal-fired power plant capacity in the country has been in
operation for over 30 years, with many units depending on original steam
turbine systems. As of 2023, over 140 gigawatts of coal-fired generation
capacity in the United States is powered by steam turbines installed before
1994, highlighting the large base of aging equipment requiring regular service.
Integration of Predictive Maintenance Technologies
Transforming Service Delivery
The transformation of turbine service operations
through the integration of predictive maintenance technologies is emerging as a
powerful driver for the North America Steam Turbine Service Market, as asset
owners increasingly adopt data-driven strategies to minimize unexpected
failures, reduce service costs, and extend equipment life cycles. Traditional
time-based maintenance models, which rely on fixed inspection and overhaul
intervals, are giving way to condition-based monitoring systems that leverage
real-time data from vibration sensors, thermographic imaging, lubrication
analysis, and acoustic emissions to detect anomalies before they escalate into
operational disruptions. These digital technologies, often embedded within
modern control systems or deployed as standalone monitoring solutions, enable
early detection of blade cracking, rotor misalignment, bearing degradation, and
seal leakage, thereby allowing service teams to plan targeted interventions
during scheduled plant downtimes. The use of artificial intelligence and
machine learning to analyze operational data has further enhanced the precision
of fault diagnosis and failure prediction, reducing unnecessary maintenance
activities while improving equipment reliability. Digital twins—virtual replicas
of physical turbines—are also gaining traction, providing service teams with
the ability to simulate performance, predict wear patterns, and optimize
service schedules under various load scenarios. The benefits of these
innovations are particularly evident in complex and high-capacity turbines,
where unplanned outages can result in losses ranging from hundreds of thousands
to millions of United States dollars per day.
The shift toward predictive maintenance is not only
reducing costs but also creating new business models for service providers, who
are offering remote diagnostics, performance analytics, and real-time health
monitoring as part of bundled service offerings. This trend is aligned with
broader industrial digitalization efforts underway across North America, as
both public utilities and private sector operators invest in smart
infrastructure to enhance efficiency and resilience. As of 2023, nearly 60
percent of steam turbine plants in the United States with capacities above 100
megawatts are using predictive maintenance technologies, reflecting their
widespread adoption in modern turbine servicing.
Renewable Energy Integration Increasing Cyclic
Stress on Thermal Assets
The increasing integration of renewable energy
sources such as wind and solar into the North American power grid is
intensifying the operating dynamics of thermal power plants, thereby creating
greater mechanical stress on steam turbines and expanding the market for
related service activities. As renewables contribute a growing share of the
electricity mix, thermal units are being dispatched more intermittently to
compensate for the variable nature of solar and wind output, leading to
frequent starts, stops, and load fluctuations that place additional strain on
turbine components. Unlike baseload operation where turbines run at
steady-state conditions, cycling operation introduces temperature gradients,
pressure differentials, and rapid expansion and contraction cycles that
accelerate wear on rotors, blades, valves, and casings. This operational
reality requires more frequent inspections, condition monitoring, and part
replacements to prevent fatigue-related failures and performance degradation.
Service providers are responding by developing customized maintenance protocols
for cyclic operations, including the use of upgraded materials, flexible seals,
and fatigue-resistant blade designs to enhance durability. Moreover, software
analytics tools are being employed to model stress patterns and optimize
operational schedules to reduce damage accumulation.
The growing need to maintain high reliability under
cyclic load conditions has led utilities to form deeper partnerships with
service specialists capable of offering both mechanical expertise and
operational consulting. In regions such as California, Texas, and Ontario—where
renewable penetration is highest—thermal assets are increasingly operating as
fast-ramping backup capacity, making turbine service frequency more critical
than ever. This shift is expected to continue as national and provincial energy
policies target higher renewable energy shares in the coming decade, further
reinforcing the need for advanced service solutions for steam turbines. In
California, where renewable energy sources provided over 40 percent of
electricity in 2023, thermal steam turbines were cycled more than 300 times
annually in some facilities, increasing service frequency needs.
Regulatory Compliance and Emissions Standards
Driving Turbine Upgrades
Evolving environmental regulations and stricter
emissions standards are acting as a significant driver for the North America
Steam Turbine Service Market by compelling operators of aging steam turbines to
undertake upgrades and refurbishments that align with current compliance
requirements. Both the United States Environmental Protection Agency and
Environment and Climate Change Canada have implemented a range of regulatory
frameworks targeting power plant emissions, including limits on sulfur dioxide,
nitrogen oxides, carbon dioxide, and particulate matter. While many of these
rules directly affect boiler operations, steam turbines are also impacted
indirectly, as compliance strategies often involve improving overall plant
efficiency, optimizing heat rate, and reducing auxiliary power consumption—all
of which depend on the condition and performance of the turbine. Service
interventions aimed at emissions compliance typically include retrofitting
high-efficiency blades, installing advanced seals, upgrading control systems,
and recalibrating governor and trip systems to meet modern safety standards.
In addition to emissions control, occupational
safety regulations require that rotating machinery like steam turbines be
maintained and certified regularly to prevent workplace hazards. Failure to
comply with these requirements can result in costly fines, legal liabilities,
and operational shutdowns. Consequently, utilities and industrial firms are
increasingly relying on specialized turbine service providers not just for
maintenance, but for compliance auditing, documentation, and regulatory
reporting. The capital cost savings from upgrading turbines instead of
replacing them is another factor reinforcing this trend, particularly in
regulated utility environments where investment decisions are subject to
oversight and public scrutiny. As regulatory landscapes continue to evolve in
response to climate commitments and environmental justice concerns, turbine
service providers are expanding their portfolios to include regulatory advisory
services and emissions-focused engineering solutions. According to publicly
available data from the United States Environmental Protection Agency, over 70
gigawatts of existing fossil-based power capacity underwent retrofit or
modification projects between 2018 and 2023, many of which included turbine
performance upgrades.

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Key Market Challenges
Declining Investment in Thermal Power Generation
Reducing Service Opportunities
One of the most pressing challenges confronting the
North America Steam Turbine Service Market is the sustained decline in capital
investment toward new thermal power generation infrastructure, which in turn
reduces the long-term pipeline of serviceable steam turbine assets. Over the
past decade, regulatory shifts, environmental advocacy, and economic incentives
have redirected energy sector investments toward renewable energy sources such
as wind, solar, and hydroelectric generation. This reallocation of funding has
resulted in a slowdown in the construction of coal, oil, and natural gas-fired
thermal plants that would traditionally house large-scale steam turbine systems
requiring recurring service and maintenance. Furthermore, a growing number of
utilities are announcing the early retirement of existing coal-fired plants due
to increasing operational costs, carbon emission penalties, and the rising
competitiveness of clean energy alternatives. These retirements not only reduce
the installed base of steam turbines requiring long-term service but also erode
opportunities for aftermarket refurbishment, retrofitting, and modernization
work that are often scheduled toward the latter half of a turbine’s operational
life.
The absence of fresh installations translates into
a market that is increasingly reliant on a shrinking pool of aging assets, many
of which are operating with uncertain future timelines. In such a constrained
environment, steam turbine service providers are forced to compete more
aggressively for limited maintenance contracts, often resulting in downward
pricing pressure and tighter profit margins. Industrial clients in sectors such
as pulp and paper, chemical processing, and food manufacturing—who still operate
smaller steam turbines—are gradually exploring electrification strategies that
could eventually displace steam systems altogether, further contracting the
market. This structural shift in energy investment priorities is not easily
reversible and poses a significant challenge for service providers attempting
to sustain growth through traditional business models. As policy directives in
Canada and the United States continue to emphasize decarbonization and the
phasing out of fossil-fueled assets, steam turbine service companies must
contend with an industry landscape that is incrementally disfavoring the
long-term viability of their core market. The declining capital flow into
thermal power assets across North America effectively limits the future demand
curve for comprehensive turbine servicing, spare part supply chains, and
advanced upgrade solutions that were once central to the sector’s growth
trajectory.
Shortage of Skilled Workforce Hindering Service
Delivery Efficiency
The North America Steam Turbine Service Market is
increasingly constrained by a critical shortage of skilled labor capable of
executing the highly specialized mechanical, electrical, and diagnostic tasks
required in steam turbine maintenance and overhauls. Steam turbines are complex
mechanical systems that demand precise alignment, thermal stress evaluation,
dynamic balancing, and detailed knowledge of metallurgy and high-pressure
operations. The personnel qualified to perform these services include turbine
mechanics, vibration analysts, field engineers, and diagnostic specialists,
many of whom possess decades of experience in both power generation and
industrial environments. However, the demographic profile of this workforce is
skewing older, with a significant portion approaching retirement age.
Simultaneously, younger engineering and technical talent in North America are
gravitating toward roles in digital technologies, renewable energy, and
software-driven systems, where compensation levels, job flexibility, and public
perception are perceived as more favorable. This trend has created a labor
pipeline deficiency, with fewer qualified technicians entering the steam
turbine servicing profession. Compounding the issue is the decline in
vocational and apprenticeship programs that once served as critical feeders for
turbine maintenance roles.
Many community colleges and trade schools have
either reduced or eliminated their rotating equipment maintenance curricula in
favor of modern energy technology tracks, leaving service providers with
limited options for workforce replenishment. The result is a constrained talent
pool that often leads to extended project timelines, increased labor costs, and
limited scalability for service firms aiming to take on multiple turbine
overhauls simultaneously. Steam turbine servicing often involves challenging
field conditions, including extended stays at remote power plants,
round-the-clock shift rotations, and hazardous environments—factors that
further deter younger workers from entering or remaining in the field. The
shortage of experienced labor is not just a human resource issue but also a
strategic constraint, as many turbine service operations rely heavily on the
judgement and problem-solving capabilities of senior technicians during
non-standard failure conditions or legacy system repairs. Without a structured
approach to talent development, cross-training, and succession planning, the
industry risks compromising both service quality and operational safety
standards. This labor deficit, if unaddressed, could erode the competitiveness
and reliability of North American turbine service providers in a global market
where expertise and responsiveness are paramount.
High Capital and Operational Costs Restricting
Small and Mid-Sized Providers
The North America Steam Turbine Service Market
faces another substantial challenge in the form of high capital requirements
and escalating operational costs, which disproportionately affect small and
mid-sized service providers seeking to compete with large, vertically
integrated turbine manufacturers. Offering comprehensive steam turbine services
requires significant upfront investments in specialized tooling, calibration
equipment, field instrumentation, transportation fleets, and on-site lifting
machinery, all of which are essential to perform tasks such as rotor removal,
bearing replacement, and blade re-profiling. In addition, the cost of
maintaining spare part inventories, complying with environmental and safety
regulations, and insuring against high-risk field activities places a
substantial financial burden on service firms. For smaller companies, securing
contracts often necessitates participation in rigorous bidding processes that
demand detailed engineering proposals, certifications, and service guarantees—all
of which require both financial and technical resources. The technological
evolution of steam turbines, including digital control systems and predictive
maintenance platforms, requires continuous investment in workforce training and
software licenses to stay competitive. Without access to large capital reserves
or institutional financing, many smaller service firms struggle to invest in
these capabilities, resulting in a competitive disadvantage when vying for
high-value contracts from utilities and industrial clients.
Larger turbine manufacturers, with vertically
integrated service divisions, not only have economies of scale but also
leverage proprietary access to design blueprints, engineering updates, and
spare part manufacturing, allowing them to dominate high-margin service
opportunities. This dynamic squeezes mid-market players into low-margin
contracts and subcontracting roles, where they often carry execution risk
without strategic control. Additionally, unpredictable turbine service
schedules—based on plant outages, force majeure events, and fluctuating load
cycles—make revenue forecasting difficult, increasing financial volatility for
smaller firms. These companies also face difficulty in retaining experienced
personnel, as larger competitors can offer more stable employment and higher
wages. This cost imbalance restricts the ability of small and mid-sized firms
to scale their operations, invest in innovation, or expand geographically,
limiting their long-term viability in an industry where client expectations are
rapidly evolving. The convergence of high entry barriers, rising compliance
costs, and asymmetric market power distribution continues to challenge the
sustainability and competitiveness of non-major players within the North
America Steam Turbine Service Market.
Key Market Trends
Increasing Adoption of Predictive Maintenance and
Condition Monitoring Technologies
A key trend shaping the North America Steam Turbine
Service Market is the rising integration of predictive maintenance and
condition monitoring technologies that enable service providers and asset
owners to detect performance degradation and equipment faults before they
result in unplanned outages. Rather than relying solely on fixed interval-based
maintenance schedules, plant operators are now increasingly utilizing
sensor-driven monitoring systems, vibration analysis, thermal imaging, and
real-time data analytics to evaluate turbine health and identify early signs of
blade wear, shaft misalignment, seal leakage, or thermal distortion. This
transformation is being driven by advancements in industrial automation and the
increasing affordability of high-fidelity diagnostic tools, which can be
retrofitted onto both legacy and modern turbine systems.
By using data to anticipate component failures,
utilities and industrial operators can better plan for outages, optimize spare
parts inventory, and reduce the risk of catastrophic mechanical breakdowns.
Service providers are also investing in centralized monitoring platforms that
consolidate turbine performance data across multiple sites, allowing them to
offer remote diagnostics and customized maintenance strategies tailored to
operating conditions. This proactive approach is becoming essential in a market
where operational reliability is critical and downtime incurs significant cost
penalties. As North American power generation and manufacturing facilities seek
to extend the life of aging turbine assets while minimizing operational
disruptions, the shift from reactive and time-based maintenance to
condition-based servicing is expected to accelerate, driving demand for service
firms that offer advanced diagnostic capabilities as part of their core
offering.
Growing Focus on Emissions Reduction Driving
Turbine Efficiency Upgrades
The emphasis on carbon emissions reduction across
North America is prompting utilities and industrial players to prioritize steam
turbine efficiency upgrades as a part of broader decarbonization strategies,
creating a significant trend within the steam turbine service landscape. Steam
turbines are central to thermal energy conversion systems, and their efficiency
directly impacts fuel usage, greenhouse gas emissions, and operational costs.
As federal and state regulations tighten around carbon output and fuel
efficiency—particularly in jurisdictions such as California, New York, and
British Columbia—asset owners are increasingly seeking service providers who
can deliver performance-enhancing upgrades such as advanced blade designs,
low-leakage seals, improved thermal insulation, and optimized control system
calibrations. These upgrades, often executed during scheduled maintenance
intervals, contribute to measurable reductions in emissions without
necessitating full asset replacement.
Industrial clients in sectors such as chemicals,
steel, and food processing—many of whom operate cogeneration systems—are also
exploring turbine tuning and retrofitting options to improve heat-to-power
ratios and lower energy intensity. Service providers capable of integrating
environmental performance metrics into their maintenance solutions are emerging
as preferred partners in public and private procurement processes. This trend
is also supported by government incentives and utility programs that offer funding
for energy efficiency improvements in industrial settings. As emissions
compliance becomes a central operational priority, service offerings that align
with environmental performance goals are likely to gain greater market share,
reinforcing the role of turbine servicing as both a performance and
sustainability enabler.
Strategic Collaborations Between Turbine
Manufacturers and Independent Service Providers
A significant trend gaining traction in the North
America Steam Turbine Service Market is the emergence of strategic
collaborations between original turbine manufacturers and independent service
providers to expand service access, reduce downtime, and enhance end-user
value. Historically, many turbine manufacturers have operated proprietary
service divisions, limiting access to diagnostic data, design schematics, and
spare parts for third-party service firms. However, as end-users demand faster
response times, localized support, and cost-effective service alternatives,
manufacturers are increasingly entering into partnerships or licensing
agreements with regional and independent service companies. These
collaborations are allowing non-manufacturer-aligned service providers to
access critical technical information, certified replacement components, and
software tools that enable them to service both new and legacy turbine models
with higher precision and safety compliance.
At the same time, manufacturers benefit from a
wider field service footprint and reduced logistical burdens, particularly for
smaller installations or geographically dispersed customers. This cooperative
model is especially valuable in North America, where the installed base of
turbines includes a diverse mix of manufacturers and vintages. The trend is
also being fueled by digital integration, as service partners share turbine
data through secure cloud-based platforms, enabling remote support, real-time
diagnostics, and predictive alerts across organizational boundaries. As the
industry continues to evolve toward customer-centric service delivery models,
collaborative frameworks that combine the technical expertise of original
manufacturers with the agility of independent providers are expected to reshape
the competitive landscape of the North America Steam Turbine Service Market.
Segmental Insights
Service Insights
In 2024, the maintenance
segment dominated the North America Steam Turbine Service Market and is
expected to maintain its dominance throughout the forecast period, primarily
due to the critical need for ongoing operational efficiency, equipment
reliability, and regulatory compliance across power generation and industrial
applications. Steam turbines are subject to extreme thermal and mechanical
stresses during continuous operation, leading to gradual degradation in
performance if not maintained regularly. As a result, plant operators
prioritize preventive and scheduled maintenance to ensure optimal performance,
minimize unplanned downtimes, and extend asset life cycles.
Maintenance services such
as lubrication system inspections, valve tuning, alignment checks, blade
cleaning, and thermal performance assessments are performed more frequently
than full-scale overhauls or reactive repairs, making them the most recurring and
revenue-generating service category. Moreover, with a significant portion of
the installed steam turbine fleet in the United States and Canada exceeding 20
to 30 years of operation, the demand for advanced and condition-based
maintenance is rising steadily. Energy producers and industrial operators are
also increasingly adopting predictive maintenance strategies supported by
digital diagnostics and real-time monitoring, which further reinforces the role
of maintenance as a continuous service requirement rather than a one-time
intervention.
Regulatory pressures around
emissions and thermal efficiency have additionally increased the importance of
maintenance in meeting compliance targets without interrupting operations.
Unlike overhaul and repair services, which are typically capital-intensive and
periodic, maintenance activities offer a lower-cost, high-frequency revenue
stream for service providers and create long-term customer engagement
opportunities. This consistent demand across both legacy and modern turbine
assets positions the maintenance segment as the backbone of the North America
Steam Turbine Service Market, ensuring its continued dominance through the
forecast horizon.
Design Insights
In 2024, the Reaction segment dominated the North
America Steam Turbine Service Market and is expected to maintain its dominance
throughout the forecast period. Reaction turbines, commonly used in thermal
power plants, industrial applications, and cogeneration systems, are highly
favored due to their efficiency in converting steam energy into mechanical
energy under varying load conditions. The need for regular maintenance, repair,
and overhaul of reaction turbines is driven by their widespread usage and
critical role in energy production. Their more complex design and higher
operational demands compared to impulse turbines necessitate more frequent
servicing to ensure optimal performance and longevity. As reaction turbines
remain integral to the region's power generation and industrial sectors, their
service demand will continue to dominate the market in the coming years.

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Country Insights
Largest Country
In 2024, the United States continued to solidify
its position as the dominant player in the North America Steam Turbine Service
Market, driven by its extensive installed base of steam turbines across thermal
power plants, industrial manufacturing facilities, and petrochemical complexes.
The country’s mature energy infrastructure, combined with a growing emphasis on
efficiency, emissions compliance, and asset longevity, has significantly
increased the demand for routine maintenance, precision repairs, and
performance-enhancing upgrades. A considerable portion of the United States’
steam turbine fleet has been in operation for over two decades, making regular
servicing essential to ensure reliability and prevent costly outages.
The growing integration of renewable energy sources
has introduced greater variability in thermal plant load patterns, further
necessitating responsive and adaptive turbine maintenance solutions.
Technological adoption in the United States also plays a crucial role, with
service providers leveraging advanced diagnostic tools, digital twin models,
and predictive analytics to offer more efficient and proactive service
strategies. The presence of leading turbine manufacturers, experienced
independent service providers, and a strong network of industrial end-users
continues to support the country’s leadership in the regional market. As
infrastructure modernization and decarbonization efforts accelerate, the United
States is expected to maintain its lead in the steam turbine service landscape
across North America.
Emerging Country
Canada is rapidly emerging as a key player in the
North America Steam Turbine Service Market due to its expanding industrial
base, aging thermal power infrastructure, and growing investments in energy
efficiency. With a significant number of steam turbines supporting the
country’s power generation and heavy industries, there is a rising need for
advanced maintenance, repair, and overhaul services to ensure operational
reliability and compliance with environmental standards.
Canadian utilities and industrial operators are
increasingly adopting predictive maintenance technologies and partnering with
experienced service providers to extend turbine life cycles and reduce
unplanned downtimes. As the country prioritizes sustainable energy transitions
and infrastructure modernization, demand for high-quality steam turbine
servicing is expected to grow steadily, enhancing Canada’s strategic importance
in the regional market.
Recent Developments
- In May 2025, a contract was signed for the
development of Hungary’s most efficient large-scale combined cycle gas turbine
(CCGT) power plant at MVM Tisza Erőmű’s Tiszaújváros site. The consortium,
consisting of Ansaldo Energia and Calik Holding, won the tender for
construction and long-term maintenance. The project marks a significant
milestone in Hungary's energy transition, supporting energy independence,
improving supply security, and contributing to renewable energy balance and
climate goals.
- In May 2024, EDF completed the acquisition of GE
Vernova's steam nuclear activities, focusing on conventional island equipment
for nuclear plants, excluding servicing in the Americas. This acquisition
strengthens EDF's nuclear capabilities through Arabelle Solutions, a subsidiary
managing key technologies and skills for new and existing plants. Arabelle
Solutions will support nuclear reactor construction and maintenance, enhancing
Europe's energy security and decarbonization efforts.
- In April 2024, GE Vernova, a newly independent
company focused on accelerating the energy transition, began trading on the
NYSE under the ticker “GEV.” With over 80,000 employees in 100+ countries, GE
Vernova provides essential products and services across its Power, Wind, and
Electrification segments. The company helps generate approximately 30% of the
world’s electricity, supporting global efforts to electrify and decarbonize
while delivering reliable and efficient energy solutions.
Key
Market Players
- General Electric Company
- Siemens Energy, Inc.
- Mitsubishi Power, Ltd.
- Schneider Electric SE
- Cummins Inc.
- ABB Ltd.
- Vestas Wind Systems A/S
- Doosan Heavy Industries & Construction Co., Ltd.
|
By Service
|
By Design
|
By End Use
|
By Country
|
- Maintenance
- Repair
- Overhaul
- Others
|
|
|
- United States
- Canada
- Mexico
|
Report Scope:
In this report, the North America Steam Turbine
Service Market has been segmented into the following categories, in addition to
the industry trends which have also been detailed below:
- North America Steam Turbine Service Market, By
Service:
o Maintenance
o Repair
o Overhaul
o Others
- North America Steam Turbine Service Market, By
Design:
o Reaction
o Impulse
- North America Steam Turbine Service Market, By
End Use:
o Utility
o Industrial
- North America Steam Turbine Service Market, By
Country:
o United States
o Canada
o Mexico
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the North
America Steam Turbine Service Market.
Available Customizations:
North America Steam Turbine Service Market report
with the given market data, TechSci Research offers customizations according
to a company's specific needs. The following customization options are
available for the report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
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