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Mexico Steam Turbine MRO Market By Service Type (Maintenance, Repair, Overhaul), By Service Provider (Original Equipment Manufacturers, Independent Service Providers, In-House), By Fuel Type (Coal, Natural Gas, Nuclear), By Capacity (Less than 300 MW, 300 MW to 599 MW, 600 MW and Above), By End-Use Industry (Power Generation, Oil and Gas, Others): Opportunity Analysis and Industry Forecast, 2023-2032
Market Report I 2023-05-01 I 85 Pages I Allied Market Research
Market Snapshot
The report provides quantitative and qualitative analysis of the Mexico steam turbine MRO market from 2022 to 2032 to help stakeholders understand the current industry scenario. All the information pertaining to the Mexico steam turbine MRO market are obtained from highly reliable sources and are thoroughly examined and testified by market experts.
Research Methodology
The research method of the Mexico steam turbine MRO market takes in large-scale primary and secondary research. The primary research involves extensive discussion with an array of valued participants, whereas the secondary research includes a sizeable amount of product literature. Moreover, genuine industry bulletins, press releases, and government sites have been examined and studied to bring about high-value industry insights.
Market Segmentation
The Mexico steam turbine MRO market is segmented into capacity, end-use industry, service type, service provider, and fuel type. By service type, the market is segregated into maintenance, repair, overhaul. On the basis of service provider, the market is classified into original equipment manufacturers, independent service providers, and in-house. Depending on fuel type, it is divided into coal, natural gas, and nuclear. As per capacity, it is categorized into less than 300 mw, 300 MW to 599MW, MW600 MW and above. In terms of end-use industry, it is fragmented into power generation, oil & gas, and others.
Major players
The report provides detailed profiles of 10 key market players, company overview, business overview, operating business segments, product portfolio, global footprint, and recent developments which are the key aspects included in the company profiles. A comprehensive analysis of the leading and upcoming companies provides a wider preview toward understanding the Mexico steam turbine MRO market.
COVID-19 scenario analysis
The outbreak of COVID-19 has significantly impacted the lifestyle of people across the globe. The report provides an overview of the effects of the pandemic and involves a brief outline of its evolution and macro and micro impacts on the market. The report further showcases the market size and share depending on the impact of the COVID-19. Moreover, it provides an overview on the impact of COVID-19 on the Mexico steam turbine MRO market supply chain. Furthermore, reduction in the count of COVID-affected patients in the coming days with safety majors taken by governments and availability of vaccines are expected to gradually lower the impact of COVID-19 on the Mexico steam turbine MRO market. In addition, the report highlights the key strategies adopted by players during the global health crisis. Hence, the report provides an overview of pre as well as post COVID-19 impact analysis.
The introduction of digital technologies has revolutionized the industrial sector, resulting in the adoption of advanced solutions and improved production processes. Furthermore, the development of effective maintenance, repair, and overhaul (MRO) solutions for steam turbine systems has enabled organizations to optimize production performance and reduce the non-productive time. Mexico is the second largest energy producer in Latin America and has witnessed in rise in demand for steam turbines, owing to its expanding industrial base and robust energy requirements.
The Mexico steam turbine MRO market is expected to grow significantly during the forecast period of 2021-2026 as the steam turbine industry is expected to undergo a series of advancements in its repair and maintenance activities.Increase in power demand and rapid industrialization are expected to be the primary factors driving the growth of the Mexico steam turbine MRO market during the forecast period.
Increase in number of steam turbines and significant rise in the number of steam turbines due to the growth of energy sector drive the market growth in the country. Furthermore, rise in investments, advancements in technology in current infrastructure for ease of maintenance and repair services and need for precision in steam turbine operations are expected to spur the growth of the market during the forecast period.
The primary restraint for the Mexico steam turbine MRO market is the high cost associated with the repair, maintenance, and replacement of steam turbines and components. This prevents many small players from entering and expanding in the Mexico steam turbine MRO industry. Furthermore, lack of availability of skilled personnel in the market is expected to hamper the growth of the Mexico steam turbine MRO market during the forecast period. The Mexico steam turbine MRO market is expected to witness significant growth during the forecast period, owing to increase in investments toward the maintenance and overhaul of steam turbines, rise in demand of renewable energy sources, and introduction of service providers.
In addition, rise in use of energy-efficient steam turbines, coupled with the introduction of stringent regulations related to emissions reduction is expected to open plethora of opportunities for the major vendors of steam turbines and services.
Moreover, increase in investments toward the development and advanced technology for steam turbine technologies such as Combined Cycle Gas Turbine (CCGT) is expected to propel the growth of the Mexico Steam Turbine MRO market during the forecast period. In Mexico and many other developing countries, the demand for non-conventional renewable energy (NCRE) sources is increasing considerably, resulting in the growth of the Mexico steam turbine MRO market.
In addition, increase in trend of digitization and automation of machineries and operations is expected to reduce the time spent on maintenance and repair activities. Various vendors in the Mexico steam turbine MRO market are offering modular repair and maintenance services, which are cost-effective and easy to implement. Furthermore, increase in strategic collaborations between OEMs and third-party service providers is expected to broaden the service offerings available for consumers.
The Mexican Government and various regulatory have laid down certain regulations to ensure proper functioning of power generation plants. These regulations govern the installation and maintenance of steam turbines and impact the growth of the Mexico steam turbine MRO market. In addition, certain regulations have been implemented for proper disposal of waste materials generated during steam turbine repair and maintenance..
Key Benefits For Stakeholders
-Enable informed decision-making process and offer market analysis based on current market situation and estimated future trends.
-Analyze the key strategies adopted by major market players in mexico steam turbine mro market.
-Assess and rank the top factors that are expected to affect the growth of mexico steam turbine mro market.
-Top Player positioning provides a clear understanding of the present position of market players.
-Detailed analysis of the mexico steam turbine mro market segmentation assists to determine the prevailing market opportunities.
-Identify key investment pockets for various offerings in the market.
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- List of customers/consumers/raw material suppliers- value chain analysis
- Market share analysis of players at global/region/country level
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Capacity
- Less than 300 MW
- 300 MW to 599 MW
- 600 MW and Above
By End-Use Industry
- Power Generation
- Oil and Gas
- Others
By Service Type
- Maintenance
- Repair
- Overhaul
By Service Provider
- Independent Service Providers
- In-House
- Original Equipment Manufacturers
By Fuel Type
- Coal
- Natural Gas
- Nuclear
- Key Market Players
? General Electric
? Hilliard Corporation
? Mitsubishi Power Ltd
? Sulzer
? Siemens AG
? BBM-CPG Technology, Inc.
? Aerzener Maschinenfabrik GmbH
? National Oilwell Varco (NOV)
? Stork
? Kessels
CHAPTER 1: INTRODUCTION
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits to the Stakeholders
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.3. Porter's Five Forces Analysis
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: MEXICO STEAM TURBINE MRO MARKET, BY SERVICE TYPE
4.1. Overview
4.1.1. Market Size and Forecast, By Service Type
4.2. Maintenance
4.3. Repair
4.4. Overhaul
CHAPTER 5: MEXICO STEAM TURBINE MRO MARKET, BY SERVICE PROVIDER
5.1. Overview
5.1.1. Market Size and Forecast, By Service Provider
5.2. Original Equipment Manufacturers
5.3. Independent Service Providers
5.4. In-House
CHAPTER 6: MEXICO STEAM TURBINE MRO MARKET, BY FUEL TYPE
6.1. Overview
6.1.1. Market Size and Forecast, By Fuel Type
6.2. Coal
6.3. Natural Gas
6.4. Nuclear
CHAPTER 7: MEXICO STEAM TURBINE MRO MARKET, BY CAPACITY
7.1. Overview
7.1.1. Market Size and Forecast, By Capacity
7.2. Less than 300 MW
7.3. 300 MW to 599 MW
7.4. 600 MW and Above
CHAPTER 8: MEXICO STEAM TURBINE MRO MARKET, BY END-USE INDUSTRY
8.1. Overview
8.1.1. Market Size and Forecast, By End-Use Industry
8.2. Power Generation
8.3. Oil and Gas
8.4. Others
CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2022
CHAPTER 10: COMPANY PROFILES
10.1. General Electric
10.1.1. Company overview
10.1.2. Key Executives
10.1.3. Company snapshot
10.1.4. Operating business segments
10.1.5. Product portfolio
10.1.6. Business performance
10.1.7. Key strategic moves and developments
10.2. Hilliard Corporation
10.2.1. Company overview
10.2.2. Key Executives
10.2.3. Company snapshot
10.2.4. Operating business segments
10.2.5. Product portfolio
10.2.6. Business performance
10.2.7. Key strategic moves and developments
10.3. Mitsubishi Power Ltd
10.3.1. Company overview
10.3.2. Key Executives
10.3.3. Company snapshot
10.3.4. Operating business segments
10.3.5. Product portfolio
10.3.6. Business performance
10.3.7. Key strategic moves and developments
10.4. Sulzer
10.4.1. Company overview
10.4.2. Key Executives
10.4.3. Company snapshot
10.4.4. Operating business segments
10.4.5. Product portfolio
10.4.6. Business performance
10.4.7. Key strategic moves and developments
10.5. Siemens AG
10.5.1. Company overview
10.5.2. Key Executives
10.5.3. Company snapshot
10.5.4. Operating business segments
10.5.5. Product portfolio
10.5.6. Business performance
10.5.7. Key strategic moves and developments
10.6. BBM-CPG Technology, Inc.
10.6.1. Company overview
10.6.2. Key Executives
10.6.3. Company snapshot
10.6.4. Operating business segments
10.6.5. Product portfolio
10.6.6. Business performance
10.6.7. Key strategic moves and developments
10.7. Aerzener Maschinenfabrik GmbH
10.7.1. Company overview
10.7.2. Key Executives
10.7.3. Company snapshot
10.7.4. Operating business segments
10.7.5. Product portfolio
10.7.6. Business performance
10.7.7. Key strategic moves and developments
10.8. National Oilwell Varco (NOV)
10.8.1. Company overview
10.8.2. Key Executives
10.8.3. Company snapshot
10.8.4. Operating business segments
10.8.5. Product portfolio
10.8.6. Business performance
10.8.7. Key strategic moves and developments
10.9. Stork
10.9.1. Company overview
10.9.2. Key Executives
10.9.3. Company snapshot
10.9.4. Operating business segments
10.9.5. Product portfolio
10.9.6. Business performance
10.9.7. Key strategic moves and developments
10.10. Kessels
10.10.1. Company overview
10.10.2. Key Executives
10.10.3. Company snapshot
10.10.4. Operating business segments
10.10.5. Product portfolio
10.10.6. Business performance
10.10.7. Key strategic moves and developments
LIST OF TABLES
TABLE 01. MEXICO STEAM TURBINE MRO MARKET, BY SERVICE TYPE, 2022-2032 ($MILLION)
TABLE 02. MEXICO STEAM TURBINE MRO MARKET, BY SERVICE PROVIDER, 2022-2032 ($MILLION)
TABLE 03. MEXICO STEAM TURBINE MRO MARKET, BY FUEL TYPE, 2022-2032 ($MILLION)
TABLE 04. MEXICO STEAM TURBINE MRO MARKET, BY CAPACITY, 2022-2032 ($MILLION)
TABLE 05. MEXICO STEAM TURBINE MRO MARKET, BY END-USE INDUSTRY, 2022-2032 ($MILLION)
TABLE 06. GENERAL ELECTRIC: KEY EXECUTIVES
TABLE 07. GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 08. GENERAL ELECTRIC: OPERATING SEGMENTS
TABLE 09. GENERAL ELECTRIC: PRODUCT PORTFOLIO
TABLE 10. GENERAL ELECTRIC: KEY STRATERGIES
TABLE 11. HILLIARD CORPORATION: KEY EXECUTIVES
TABLE 12. HILLIARD CORPORATION: COMPANY SNAPSHOT
TABLE 13. HILLIARD CORPORATION: OPERATING SEGMENTS
TABLE 14. HILLIARD CORPORATION: PRODUCT PORTFOLIO
TABLE 15. HILLIARD CORPORATION: KEY STRATERGIES
TABLE 16. MITSUBISHI POWER LTD: KEY EXECUTIVES
TABLE 17. MITSUBISHI POWER LTD: COMPANY SNAPSHOT
TABLE 18. MITSUBISHI POWER LTD: OPERATING SEGMENTS
TABLE 19. MITSUBISHI POWER LTD: PRODUCT PORTFOLIO
TABLE 20. MITSUBISHI POWER LTD: KEY STRATERGIES
TABLE 21. SULZER: KEY EXECUTIVES
TABLE 22. SULZER: COMPANY SNAPSHOT
TABLE 23. SULZER: OPERATING SEGMENTS
TABLE 24. SULZER: PRODUCT PORTFOLIO
TABLE 25. SULZER: KEY STRATERGIES
TABLE 26. SIEMENS AG: KEY EXECUTIVES
TABLE 27. SIEMENS AG: COMPANY SNAPSHOT
TABLE 28. SIEMENS AG: OPERATING SEGMENTS
TABLE 29. SIEMENS AG: PRODUCT PORTFOLIO
TABLE 30. SIEMENS AG: KEY STRATERGIES
TABLE 31. BBM-CPG TECHNOLOGY, INC.: KEY EXECUTIVES
TABLE 32. BBM-CPG TECHNOLOGY, INC.: COMPANY SNAPSHOT
TABLE 33. BBM-CPG TECHNOLOGY, INC.: OPERATING SEGMENTS
TABLE 34. BBM-CPG TECHNOLOGY, INC.: PRODUCT PORTFOLIO
TABLE 35. BBM-CPG TECHNOLOGY, INC.: KEY STRATERGIES
TABLE 36. AERZENER MASCHINENFABRIK GMBH: KEY EXECUTIVES
TABLE 37. AERZENER MASCHINENFABRIK GMBH: COMPANY SNAPSHOT
TABLE 38. AERZENER MASCHINENFABRIK GMBH: OPERATING SEGMENTS
TABLE 39. AERZENER MASCHINENFABRIK GMBH: PRODUCT PORTFOLIO
TABLE 40. AERZENER MASCHINENFABRIK GMBH: KEY STRATERGIES
TABLE 41. NATIONAL OILWELL VARCO (NOV): KEY EXECUTIVES
TABLE 42. NATIONAL OILWELL VARCO (NOV): COMPANY SNAPSHOT
TABLE 43. NATIONAL OILWELL VARCO (NOV): OPERATING SEGMENTS
TABLE 44. NATIONAL OILWELL VARCO (NOV): PRODUCT PORTFOLIO
TABLE 45. NATIONAL OILWELL VARCO (NOV): KEY STRATERGIES
TABLE 46. STORK: KEY EXECUTIVES
TABLE 47. STORK: COMPANY SNAPSHOT
TABLE 48. STORK: OPERATING SEGMENTS
TABLE 49. STORK: PRODUCT PORTFOLIO
TABLE 50. STORK: KEY STRATERGIES
TABLE 51. KESSELS: KEY EXECUTIVES
TABLE 52. KESSELS: COMPANY SNAPSHOT
TABLE 53. KESSELS: OPERATING SEGMENTS
TABLE 54. KESSELS: PRODUCT PORTFOLIO
TABLE 55. KESSELS: KEY STRATERGIES
LIST OF FIGURES
FIGURE 01. MEXICO STEAM TURBINE MRO MARKET, 2022-2032
FIGURE 02. SEGMENTATION OF MEXICO STEAM TURBINE MRO MARKET, 2022-2032
FIGURE 03. TOP INVESTMENT POCKETS IN MEXICO STEAM TURBINE MRO MARKET (2023-2032)
FIGURE 04. PORTER FIVE-1
FIGURE 05. PORTER FIVE-2
FIGURE 06. PORTER FIVE-3
FIGURE 07. PORTER FIVE-4
FIGURE 08. PORTER FIVE-5
FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: MEXICO STEAM TURBINE MRO MARKET
FIGURE 10. MEXICO STEAM TURBINE MRO MARKET,BY SERVICE TYPE, 2022 ($MILLION)
FIGURE 11. MEXICO STEAM TURBINE MRO MARKET,BY SERVICE PROVIDER, 2022 ($MILLION)
FIGURE 12. MEXICO STEAM TURBINE MRO MARKET,BY FUEL TYPE, 2022 ($MILLION)
FIGURE 13. MEXICO STEAM TURBINE MRO MARKET,BY CAPACITY, 2022 ($MILLION)
FIGURE 14. MEXICO STEAM TURBINE MRO MARKET,BY END-USE INDUSTRY, 2022 ($MILLION)
FIGURE 15. TOP WINNING STRATEGIES, BY YEAR
FIGURE 16. TOP WINNING STRATEGIES, BY DEVELOPMENT
FIGURE 17. TOP WINNING STRATEGIES, BY COMPANY
FIGURE 18. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 19. COMPETITIVE DASHBOARD
FIGURE 20. COMPETITIVE HEATMAP: MEXICO STEAM TURBINE MRO MARKET
FIGURE 21. TOP PLAYER POSITIONING, 2022
FIGURE 22. GENERAL ELECTRIC: NET SALES, 2020-2022*($MILLION)
FIGURE 23. GENERAL ELECTRIC: REVENUE SHARE, BY SEGMENT, 2022 (%)
FIGURE 24. GENERAL ELECTRIC: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
FIGURE 25. HILLIARD CORPORATION: NET SALES, 2020-2022*($MILLION)
FIGURE 26. HILLIARD CORPORATION: REVENUE SHARE, BY SEGMENT, 2022 (%)
FIGURE 27. HILLIARD CORPORATION: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
FIGURE 28. MITSUBISHI POWER LTD: NET SALES, 2020-2022*($MILLION)
FIGURE 29. MITSUBISHI POWER LTD: REVENUE SHARE, BY SEGMENT, 2022 (%)
FIGURE 30. MITSUBISHI POWER LTD: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
FIGURE 31. SULZER: NET SALES, 2020-2022*($MILLION)
FIGURE 32. SULZER: REVENUE SHARE, BY SEGMENT, 2022 (%)
FIGURE 33. SULZER: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
FIGURE 34. SIEMENS AG: NET SALES, 2020-2022*($MILLION)
FIGURE 35. SIEMENS AG: REVENUE SHARE, BY SEGMENT, 2022 (%)
FIGURE 36. SIEMENS AG: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
FIGURE 37. BBM-CPG TECHNOLOGY, INC.: NET SALES, 2020-2022*($MILLION)
FIGURE 38. BBM-CPG TECHNOLOGY, INC.: REVENUE SHARE, BY SEGMENT, 2022 (%)
FIGURE 39. BBM-CPG TECHNOLOGY, INC.: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
FIGURE 40. AERZENER MASCHINENFABRIK GMBH: NET SALES, 2020-2022*($MILLION)
FIGURE 41. AERZENER MASCHINENFABRIK GMBH: REVENUE SHARE, BY SEGMENT, 2022 (%)
FIGURE 42. AERZENER MASCHINENFABRIK GMBH: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
FIGURE 43. NATIONAL OILWELL VARCO (NOV): NET SALES, 2020-2022*($MILLION)
FIGURE 44. NATIONAL OILWELL VARCO (NOV): REVENUE SHARE, BY SEGMENT, 2022 (%)
FIGURE 45. NATIONAL OILWELL VARCO (NOV): REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
FIGURE 46. STORK: NET SALES, 2020-2022*($MILLION)
FIGURE 47. STORK: REVENUE SHARE, BY SEGMENT, 2022 (%)
FIGURE 48. STORK: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
FIGURE 49. KESSELS: NET SALES, 2020-2022*($MILLION)
FIGURE 50. KESSELS: REVENUE SHARE, BY SEGMENT, 2022 (%)
FIGURE 51. KESSELS: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
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