Analysts’ Viewpoint on Power Plant Maintenance Market Scenario
Rapid industrialization and increase in demand for electricity are driving the global power plant maintenance market. Energy security helps maintain long-term electricity supply, which is crucial to meet any changes in electricity demand. Power plant maintenance plays a vital role in maintaining an uninterrupted power supply. Climate change and economic rebound after COVID-19 are expected to augment the global market during the forecast period. Climate change has led to colder winters and warmer summers, which is fueling the demand for electricity. Recovery of the economy post the peak of the COVID-19 pandemic has also led to a surge in energy consumption. Market players are introducing advanced combined cycle power units to boost their global power plant maintenance market share.
Power plants are facilities where energy is produced/generated before distribution. Conventional and renewable power plants have certain methods of plant maintenance. Power plant maintenance involves regulating everyday plant operations. It also includes routine inspections of power plant boilers, equipment installation, frequent reporting, system integrations and reviews, and periodic preventive maintenance.
Power plant maintenance systems can determine the appropriate response to a variety of changes and disturbances by using electrical and physical parameters, loading and generation levels, network topology, and control logic. Additionally, power management software can determine the source of potential issues and advise on corrective actions to avoid interruptions. Power plant chemicals are used in water management in power plants. Several power plants across the globe are adopting chemical-free technologies to mitigate fouling issues and reduce chemical dependency.
Rise in power consumption and increase in newer power plants are driving the need for power plant maintenance. Rise in demand for energy is likely to put a strain on the system and result in higher maintenance requirements. Several power plants across the globe have experienced turbine blade failures, high furnace pressure, high turbine vibrations, and ash evacuation issues, owing to demand overload. This is expected to fuel the demand for power plant operation and maintenance in the next few years.
Growth in industrialization and urbanization has led to an increase in demand for energy across the globe. Electrical systems continuously operate at high capacities. Any failure can cause system breakdowns, resulting in losses for customers as well as energy companies. Governments across the globe are implementing policies to boost energy efficiency. They are also increasingly investing in enhancing the efficiency of power management systems. These investments are projected to rise further, as governments look to reach their sustainability goals and reduce the overall cost of energy supply measures.
The industrial sector, in particular, consumes a significant amount of energy. There is also a rising understanding of the need to conserve energy. Many energy companies have been increasingly relying on the automation process since the last couple of years, as the process provides better monitoring, lowers time, and increases profitability. Currently, many automation companies are developing Internet of Things (IoT) platforms to connect production facilities and distribution networks from different locations. This would enable remote monitoring and increase efficiency through predictive maintenance.
Global energy investments are set to increase by 8.0% to reach US$ 2.4 Trn by the end of 2022, with the anticipated rise primarily in clean energy, according to the International Energy Agency (IEA). Projects in energy infrastructure, renewable energy, and energy efficiency in Europe are gaining significant funding. The European Fund for Strategic Investments has allocated 29% of financing, which has been approved by the European Investment Bank, to the energy sector. 24 projects have been already funded and are helping achieve a carbon-free electricity sector in the region. 11 Member States in the EU have received support for sustainable and low-carbon projects. An additional € 16.9 B in investment is expected in sustainable and low-carbon energy projects over the next few years. Emerging economies are increasing their investments in nuclear energy, which is expected to boost the demand for nuclear power plant maintenance in the next few years.
The Government of India plans to invest US$ 724.2 Mn in the 850-MW Ratle Hydro Electric (HE) project by a new joint venture company (JVC). The project, located on the Chenab River in the Kishtwar district of the Union Territory of Jammu and Kashmir, is being built by the JVC to be incorporated between National Hydroelectric Power Corporation (NHPC) and Jammu & Kashmir State Power Development Corporation Ltd., with equity contribution of 51% and 49%, respectively.
Russia aims to increase the share of renewable energy to 2.5% in power generation by 2024. A unique capacity payment mechanism for new renewable energy capacity in solar, wind, and small hydro projects has been approved, with an assured 12% ROI.
In the U.S., nine new geothermal Power Purchase Agreements (PPAs) were signed across the four states of California, Nevada, Utah, and Alaska from November 2019 to September 2020. These agreements include plans for the first two geothermal power plants to be built in California this decade. Thus, rise in government investments is expected to offer lucrative growth opportunities for key players in the power plant maintenance market during the forecast period.
Based on power plant type, the global power plant maintenance market has been classified into thermal, nuclear, combined cycle, hydropower, renewable, and others. The thermal segment dominated the global power plant maintenance market with 51.70% share in 2021. Thermal power stations are usually considered reliable sources of electricity. However, they can be subject to sudden outages if the coal supply fails. Thus, effective power plant maintenance is required for proper functioning of thermal power plants.
Asia Pacific accounted for prominent share of 44.24% of the global market in 2021. Countries in the region such as China, India, and Japan are expected to witness surge in power plant maintenance activities, as power generation capacities of power plants expand.
North America and Europe are also notable regions of the global power plant maintenance market. These regions held 28.78% and 17.60% share of the global market, respectively, in 2021. Approximately 27 power plant contracts were announced in North America in Q1 2022. Solar accounted for 18 contracts (66.7% share), followed by thermal with three contracts (11.1% share), and wind with three contracts (11.1% share). Middle East & Africa and Latin America are relatively minor regions of the global power plant maintenance market.
The global power plant maintenance market comprises several small and large-scale service providers that control majority of the share. Most power plant maintenance companies are adopting new technologies and strategies to increase their market share for power plant maintenance. Key players are also investing significantly in comprehensive R&D activities to strengthen and prioritize sustainable power maintenance services. Agreements, collaborations, and expansion of the power plant maintenance services portfolio are prominent strategies adopted by key players. ABB Group, Andritz AG, Emerson Electric Co., Fuji Technical Services Pvt. Ltd., General Electric, Ingeteam, Laxyo, Mitsubishi Electric, NOMAC, Ramboll, Siemens Energy, Steag Energy Services, Thermax Limited, Vestas, and Wärtsilä are prominent entities operating in the market.
Each of these players has been profiled in the power plant maintenance market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.
Attribute |
Detail |
Market Size Value in 2021 |
US$ 89.1 Bn |
Market Forecast Value in 2031 |
US$ 192.23 Bn |
Growth Rate (CAGR) |
7.2% |
Forecast Period |
2022–2031 |
Historical Data Available for |
2020 |
Quantitative Units |
US$ Bn for Value |
Market Analysis |
It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. |
Competition Landscape |
|
Format |
Electronic (PDF) + Excel |
Market Segmentation |
|
Regions Covered |
|
Countries Covered |
|
Companies Profiled |
|
Customization Scope |
Available upon request |
Pricing |
Available upon request |
The power plant maintenance market stood at US$ 89.1 Bn in 2021.
The power plant maintenance market is expected to grow at a CAGR of 7.2% from 2022 to 2031.
Increase in need for maintenance in power plants for efficient distribution and rise in investments in renewable energy.
Thermal was the largest power plant type segment that held 51.70% share of the market in 2021.
Asia Pacific was the most lucrative region of the power plant maintenance market in 2021.
ABB Group, Andritz AG, Emerson Electric Co., Fuji Technical Services Pvt. Ltd., General Electric, Ingeteam, Laxyo, Mitsubishi Electric, NOMAC, Ramboll, Siemens Energy, Steag Energy Services, Thermax Limited, Vestas, and Wärtsilä.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Key Facts and Figures
1.4. Trends Impacting Market
1.5. TMR’s Growth Opportunity Wheel
2. Market Overview
2.1. Market Segmentation
2.2. Market Trends
2.3. Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Opportunities
2.4. Porter’s Five Forces Analysis
2.5. Regulatory Analysis
2.6. Value Chain Analysis
2.6.1. List of System/Service Providers
2.6.2. List of Potential Customers
3. COVID-19 Impact Analysis
4. Impact of Current Geopolitical Scenario
5. Price Trend Analysis
6. Global Power Plant Maintenance Market Analysis and Forecast, by Power Plant Type, 2020–2031
6.1. Introduction and Definitions
6.2. Global Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
6.2.1. Thermal
6.2.2. Nuclear
6.2.3. Combined Cycle
6.2.4. Hydropower
6.2.5. Renewable
6.2.5.1. Solar
6.2.5.2. Wind
6.2.5.3. Others
6.2.6. Others
6.3. Global Power Plant Maintenance Market Attractiveness, by Power Plant Type
7. Global Power Plant Maintenance Market Analysis and Forecast, by Service, 2020–2031
7.1. Introduction and Definitions
7.2. Global Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
7.2.1. Monitoring & Control
7.2.2. Preventive/Scheduled Maintenance
7.2.3. Predictive Maintenance
7.2.4. Breakdown Maintenance
7.2.5. Administration
7.2.6. Training
7.2.7. Others
7.3. Global Power Plant Maintenance Market Attractiveness, by Service
8. Global Power Plant Maintenance Market Analysis and Forecast, by Equipment Type, 2020–2031
8.1. Introduction and Definitions
8.2. Global Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
8.2.1. Steam Turbine
8.2.2. Gas Turbine
8.2.3. Wind Turbine
8.2.4. Generator
8.2.5. Boiler
8.2.6. Condenser
8.2.7. Feedwater Pump
8.2.8. Cooling Tower
8.2.9. Solar Panels
8.2.10. Others
8.3. Global Power Plant Maintenance Market Attractiveness, by Equipment Type
9. Global Power Plant Maintenance Market Analysis and Forecast, by Capacity, 2020–2031
9.1. Introduction and Definitions
9.2. Global Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
9.2.1. Up to 500 MW
9.2.2. 501 MW – 1,000 MW
9.2.3. 1,001 – 3,000 MW
9.2.4. 3,001 – 6,000 MW
9.2.5. Above 6,000 MW
9.3. Global Power Plant Maintenance Market Attractiveness, by Capacity
10. Global Power Plant Maintenance Market Analysis and Forecast, by Region, 2020–2031
10.1. Key Findings
10.2. Global Power Plant Maintenance Market Value (US$ Bn) Forecast, by Region, 2020–2031
10.2.1. North America
10.2.2. Europe
10.2.3. Asia Pacific
10.2.4. Middle East & Africa
10.2.5. Latin America
10.3. Global Power Plant Maintenance Market Attractiveness, by Region
11. North America Power Plant Maintenance Market Analysis and Forecast, 2020–2031
11.1. Key Findings
11.2. North America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
11.3. North America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
11.4. North America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
11.5. North America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
11.6. North America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Country, 2020–2031
11.6.1. U.S. Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
11.6.2. U.S. Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
11.6.3. U.S. Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
11.6.4. U.S. Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
11.6.5. Canada Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
11.6.6. Canada Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
11.6.7. Canada Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
11.6.8. Canada Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
11.7. North America Power Plant Maintenance Market Attractiveness Analysis
12. Europe Power Plant Maintenance Market Analysis and Forecast, 2020–2031
12.1. Key Findings
12.2. Europe Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
12.3. Europe Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
12.4. Europe Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
12.5. Europe Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
12.6. Europe Power Plant Maintenance Market Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2031
12.6.1. Germany Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
12.6.2. Germany Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
12.6.3. Germany Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
12.6.4. Germany Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
12.6.5. France Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
12.6.6. France Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
12.6.7. France Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
12.6.8. France Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
12.6.9. U.K. Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
12.6.10. U.K. Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
12.6.11. U.K. Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
12.6.12. U.K. Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
12.6.13. Italy Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
12.6.14. Italy. Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
12.6.15. Italy Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
12.6.16. Italy Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
12.6.17. Russia & CIS Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
12.6.18. Russia & CIS Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
12.6.19. Russia & CIS Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
12.6.20. Russia & CIS Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
12.6.21. Rest of Europe Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
12.6.22. Rest of Europe Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
12.6.23. Rest of Europe Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
12.6.24. Rest of Europe Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
12.6.25. Europe Power Plant Maintenance Market Attractiveness Analysis
13. Asia Pacific Power Plant Maintenance Market Analysis and Forecast, 2020–2031
13.1. Key Findings
13.2. Asia Pacific Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service
13.3. Asia Pacific Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
13.4. Asia Pacific Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
13.5. Asia Pacific Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
13.6. Asia Pacific Power Plant Maintenance Market Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2031
13.6.1. China Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
13.6.2. China Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
13.6.3. China Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
13.6.4. China Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
13.6.5. Japan Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
13.6.6. Japan Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
13.6.7. Japan Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
13.6.8. Japan Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
13.6.9. India Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
13.6.10. India Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
13.6.11. India Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
13.6.12. India Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
13.6.13. ASEAN Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
13.6.14. ASEAN Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
13.6.15. ASEAN Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
13.6.16. ASEAN Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
13.6.17. Rest of Asia Pacific Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
13.6.18. Rest of Asia Pacific Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
13.6.19. Rest of Asia Pacific Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
13.6.20. Rest of Asia Pacific Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
13.7. Asia Pacific Power Plant Maintenance Market Attractiveness Analysis
14. Latin America Power Plant Maintenance Market Analysis and Forecast, 2020–2031
14.1. Key Findings
14.2. Latin America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
14.3. Latin America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
14.4. Latin America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
14.5. Latin America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
14.6. Latin America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2031
14.6.1. Brazil Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
14.6.2. Brazil Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
14.6.3. Brazil Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
14.6.4. Brazil Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
14.6.5. Mexico Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
14.6.6. Mexico Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
14.6.7. Mexico Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
14.6.8. Mexico Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
14.6.9. Rest of Latin America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
14.6.10. Rest of Latin America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
14.6.11. Rest of Latin America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
14.6.12. Rest of Latin America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
14.7. Latin America Power Plant Maintenance Market Attractiveness Analysis
15. Middle East & Africa Power Plant Maintenance Market Analysis and Forecast, 2020–2031
15.1. Key Findings
15.2. Middle East & Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
15.3. Middle East & Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
15.4. Middle East & Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
15.5. Middle East & Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
15.6. Middle East & Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2031
15.6.1. GCC Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
15.6.2. GCC Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
15.6.3. GCC Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
15.6.4. GCC Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
15.6.5. South Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
15.6.6. South Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
15.6.7. South Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
15.6.8. South Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
15.6.9. Rest of Middle East & Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
15.6.10. Rest of Middle East & Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
15.6.11. Rest of Middle East & Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
15.6.12. Rest of Middle East & Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
15.7. Middle East & Africa Power Plant Maintenance Market Attractiveness Analysis
16. Competition Landscape
16.1. Global Power Plant Maintenance Company Market Share Analysis, 2020
16.2. Company Profiles (Details – Overview, Financials, Recent Developments, and Strategy)
16.2.1. ABB Group
16.2.1.1. Company Description
16.2.1.2. Business Overview
16.2.1.3. Financial Overview
16.2.1.4. Strategic Overview
16.2.2. General Electric
16.2.2.1. Company Description
16.2.2.2. Business Overview
16.2.2.3. Financial Overview
16.2.2.4. Strategic Overview
16.2.3. Siemens AG
16.2.3.1. Company Description
16.2.3.2. Business Overview
16.2.3.3. Financial Overview
16.2.3.4. Strategic Overview
16.2.4. Andritz AG
16.2.4.1. Company Description
16.2.4.2. Business Overview
16.2.4.3. Financial Overview
16.2.4.4. Strategic Overview
16.2.5. Mitsubishi Electric Corporation
16.2.5.1. Company Description
16.2.5.2. Business Overview
16.2.5.3. Financial Overview
16.2.5.4. Strategic Overview
16.2.6. Fuji Technical Service Pvt. Ltd.
16.2.6.1. Company Description
16.2.6.2. Business Overview
16.2.6.3. Financial Overview
16.2.6.4. Strategic Overview
16.2.7. Ingeteam
16.2.7.1. Company Description
16.2.7.2. Business Overview
16.2.7.3. Financial Overview
16.2.7.4. Strategic Overview
16.2.8. Laxyo
16.2.8.1. Company Description
16.2.8.2. Business Overview
16.2.8.3. Financial Overview
16.2.8.4. Strategic Overview
16.2.9. NOMAC
16.2.9.1. Company Description
16.2.9.2. Business Overview
16.2.9.3. Financial Overview
16.2.9.4. Strategic Overview
16.2.10. Ramboll
16.2.10.1. Company Description
16.2.10.2. Business Overview
16.2.10.3. Financial Overview
16.2.10.4. Strategic Overview
16.2.11. Steag Energy Services
16.2.11.1. Company Description
16.2.11.2. Business Overview
16.2.11.3. Financial Overview
16.2.11.4. Strategic Overview
16.2.12. Thermax Limited
16.2.12.1. Company Description
16.2.12.2. Business Overview
16.2.12.3. Financial Overview
16.2.12.4. Strategic Overview
16.2.13. Vestas
16.2.13.1. Company Description
16.2.13.2. Business Overview
16.2.13.3. Financial Overview
16.2.13.4. Strategic Overview
16.2.14. Wärtsilä
16.2.14.1. Company Description
16.2.14.2. Business Overview
16.2.14.3. Financial Overview
16.2.14.4. Strategic Overview
16.2.15. Emerson Electric Co.
16.2.15.1. Company Description
16.2.15.2. Business Overview
16.2.15.3. Financial Overview
16.2.15.4. Strategic Overview
17. Primary Research: Key Insights
18. Appendix
List of Tables
Table 1: Global Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 2: Global Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 3: Global Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 4: Global Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 5: Global Power Plant Maintenance Market Value (US$ Bn) Forecast, by Region, 2020–2031
Table 6: North America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 7: North America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 8: North America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 9: North America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 10: North America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Country, 2020–2031
Table 11: U.S. Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 12: U.S. Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 13: U.S. Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 14: U.S. Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 15: Canada Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 16: Canada Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 17: Canada Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 18: Canada Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 19: Europe Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 20: Europe Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 21: Europe Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 22: Europe Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 23: Europe Power Plant Maintenance Market Value (US$ Bn) Forecast, by Country and Sub-region, 2020–2031
Table 24: Germany Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 25: Germany Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 26: Germany Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 27: Germany Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 28: France Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 29: France Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 30: France Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 31: France Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 32: U.K. Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 33: U.K. Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 34: U.K. Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 35: U.K. Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 36: Italy Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 37: Italy Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 38: Italy Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 39: Italy Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 40: Spain Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 41: Spain Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 42: Spain Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 43: Spain Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 44: Russia & CIS Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 45: Russia & CIS Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 46: Russia & CIS Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 47: Russia & CIS Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 48: Rest of Europe Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 49: Rest of Europe Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 50: Rest of Europe Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 51: Rest of Europe Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 52: Asia Pacific Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 53: Asia Pacific Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 54: Asia Pacific Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 55: Asia Pacific Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 56: Asia Pacific Power Plant Maintenance Market Value (US$ Bn) Forecast, by Country and Sub-region, 2020–2031
Table 57: China Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service 2020–2031
Table 58: China Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 59: China Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 60: China Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 61: Japan Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 62: Japan Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 63: Japan Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 64: Japan Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 65: India Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 66: India Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 67: India Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 68: India Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 69: ASEAN Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 70: ASEAN Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 71: ASEAN Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 72: ASEAN Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 73: Rest of Asia Pacific Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 74: Rest of Asia Pacific Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 75: ASEAN Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 76: ASEAN Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 77: ASEAN Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 78: ASEAN Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 79: Rest of Asia Pacific Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 80: Rest of Asia Pacific Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 81: Rest of Asia Pacific Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 82: Rest of Asia Pacific Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 83: Latin America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 84: Latin America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 85: Latin America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 86: Latin America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 87: Latin America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Country and Sub-region, 2020–2031
Table 88: Brazil Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 89: Brazil Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 90: Brazil Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 91: Mexico Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 92: Mexico Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 93: Mexico Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 94: Mexico Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 95: Rest of Latin America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 96: Rest of Latin America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 97: Rest of Latin America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 98: Rest of Latin America Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 99: Middle East & Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 100: Middle East & Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 101: Middle East & Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 102: Middle East & Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 103: Middle East & Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Country and Sub-region, 2020–2031
Table 104: GCC Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 105: GCC Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 106: GCC Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 107: GCC Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 108: South Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 109: South Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 110: South Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 111: South Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
Table 112: Rest of Middle East & Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Service, 2020–2031
Table 113: Rest of Middle East & Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Equipment Type, 2020–2031
Table 114: Rest of Middle East & Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Power Plant Type, 2020–2031
Table 115: Rest of Middle East & Africa Power Plant Maintenance Market Value (US$ Bn) Forecast, by Capacity, 2020–2031
List of Figures
Figure 1: Global Power Plant Maintenance Market Value Share Analysis, by Service, 2022, 2025, and 2031
Figure 2: Global Power Plant Maintenance Market Attractiveness, by Service
Figure 3: Global Power Plant Maintenance Market Value Share Analysis, by Equipment Type, 2022, 2025, and 2031
Figure 4: Global Power Plant Maintenance Market Attractiveness, by Equipment Type
Figure 5: Global Power Plant Maintenance Market Value Share Analysis, by Power Plant Type, 2022, 2025, and 2031
Figure 6: Global Power Plant Maintenance Market Attractiveness, by Power Plant Type
Figure 7: Global Power Plant Maintenance Market Value Share Analysis, by Capacity, 2022, 2025, and 2031
Figure 8: Global Power Plant Maintenance Market Attractiveness, by Capacity
Figure 9: Global Power Plant Maintenance Market Value Share Analysis, by Region, 2022, 2025, and 2031
Figure 10: Global Power Plant Maintenance Market Attractiveness, by Region
Figure 11: North America Power Plant Maintenance Market Value Share Analysis, by Service, 2022, 2025, and 2031
Figure 12: North America Power Plant Maintenance Market Attractiveness, by Service
Figure 13: North America Power Plant Maintenance Market Attractiveness, by Service
Figure 14: North America Power Plant Maintenance Market Value Share Analysis, by Equipment Type, 2022, 2025, and 2031
Figure 15: North America Power Plant Maintenance Market Attractiveness, by Equipment Type
Figure 16: North America Power Plant Maintenance Market Value Share Analysis, by Power Plant Type, 2022, 2025, and 2031
Figure 17: North America Power Plant Maintenance Market Attractiveness, by Power Plant Type
Figure 18: North America Power Plant Maintenance Market Value Share Analysis, by Capacity, 2022, 2025, and 2031
Figure 19: North America Power Plant Maintenance Market Attractiveness, by Capacity
Figure 20: North America Power Plant Maintenance Market Attractiveness, by Country
Figure 21: Europe Power Plant Maintenance Market Value Share Analysis, by Service, 2022, 2025, and 2031
Figure 22: Europe Power Plant Maintenance Market Attractiveness, by Service
Figure 23: Europe Power Plant Maintenance Market Value Share Analysis, by Equipment Type, 2022, 2025, and 2031
Figure 24: Europe Power Plant Maintenance Market Attractiveness, by Equipment Type
Figure 25: Europe Power Plant Maintenance Market Value Share Analysis, by Power Plant Type, 2022, 2025, and 2031
Figure 26: Europe Power Plant Maintenance Market Attractiveness, by Power Plant Type
Figure 27: Europe Power Plant Maintenance Market Value Share Analysis, by Capacity, 2022, 2025, and 2031
Figure 28: Europe Power Plant Maintenance Market Attractiveness, by Capacity
Figure 29: Europe Power Plant Maintenance Market Value Share Analysis, by Country and Sub-region, 2022, 2025, and 2031
Figure 30: Europe Power Plant Maintenance Market Attractiveness, by Country and Sub-region
Figure 31: Asia Pacific Power Plant Maintenance Market Value Share Analysis, by Service, 2022, 2025, and 2031
Figure 32: Asia Pacific Power Plant Maintenance Market Attractiveness, by Service
Figure 33: Asia Pacific Power Plant Maintenance Market Value Share Analysis, by Equipment Type, 2022, 2025, and 2031
Figure 34: Asia Pacific Power Plant Maintenance Market Attractiveness, by Equipment Type
Figure 35: Asia Pacific Power Plant Maintenance Market Value Share Analysis, by Power Plant Type, 2022, 2025, and 2031
Figure 36: Asia Pacific Power Plant Maintenance Market Attractiveness, by Power Plant Type
Figure 37: Asia Pacific Power Plant Maintenance Market Value Share Analysis, by Capacity, 2022, 2025, and 2031
Figure 38: Asia Pacific Power Plant Maintenance Market Attractiveness, by Capacity
Figure 39: Asia Pacific Power Plant Maintenance Market Value Share Analysis, by Country and Sub-region, 2022, 2025, and 2031
Figure 40: Asia Pacific Power Plant Maintenance Market Attractiveness, by Country and Sub-region
Figure 41: Latin America Power Plant Maintenance Market Value Share Analysis, by Service, 2022, 2025, and 2031
Figure 42: Latin America Power Plant Maintenance Market Attractiveness, by Service
Figure 43: Latin America Power Plant Maintenance Market Value Share Analysis, by Equipment Type, 2022, 2025, and 2031
Figure 44: Latin America Power Plant Maintenance Market Attractiveness, by Equipment Type
Figure 45: Latin America Power Plant Maintenance Market Value Share Analysis, by Power Plant Type, 2022, 2025, and 2031
Figure 46: Latin America Power Plant Maintenance Market Attractiveness, by Power Plant Type
Figure 47: Latin America Power Plant Maintenance Market Value Share Analysis, by Capacity, 2022, 2025, and 2031
Figure 48: Latin America Power Plant Maintenance Market Attractiveness, by Capacity
Figure 48: Latin America Power Plant Maintenance Market Value Share Analysis, by Country and Sub-region, 2022, 2025, and 2031
Figure 50: Latin America Power Plant Maintenance Market Attractiveness, by Country and Sub-region
Figure 51: Middle East & Africa Power Plant Maintenance Market Value Share Analysis, by Service, 2022, 2025, and 2031
Figure 52: Middle East & Africa Power Plant Maintenance Market Attractiveness, by Service
Figure 53: Middle East & Africa Power Plant Maintenance Market Value Share Analysis, by Equipment Type, 2022, 2025, and 2031
Figure 54: Middle East & Africa Power Plant Maintenance Market Attractiveness, by Equipment Type
Figure 55: Middle East & Africa Power Plant Maintenance Market Value Share Analysis, by Power Plant Type, 2022, 2025, and 2031
Figure 56: Middle East & Africa Power Plant Maintenance Market Attractiveness, by Power Plant Type
Figure 57: Middle East & Africa Power Plant Maintenance Market Value Share Analysis, by Capacity, 2022, 2025, and 2031
Figure 58: Middle East & Africa Power Plant Maintenance Market Attractiveness, by Capacity
Figure 59: Middle East & Africa Power Plant Maintenance Market Value Share Analysis, by Country and Sub-region, 2022, 2025, and 2031
Figure 60: Middle East & Africa Power Plant Maintenance Market Attractiveness, by Country and Sub-region