Portland, OR, March 16, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global power plant maintenance market garnered $20.7 billion in 2021, and is estimated to generate $33.2 billion by 2031, manifesting a CAGR of 4.8% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/47923
Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $20.7 billion |
| Market Size in 2031 | $33.2 billion |
| CAGR | 4.8% |
| No. of Pages in Report | 473 |
| Segments covered | power plant type, service, equipment, and region |
| Drivers | Surge in popularity of transition technology owing to its employment in electricity generation and to provide electricity for residential buildings at a low cost Increase in demand for gas turbine, steam turbines and other equipment along with focus on carbon emission reduction Rise in concern from governments across the globe on increased global warming issues |
| Opportunities | Continuous supply of energy Development of varieties of maintenances and services Transforming human behavior toward renewable sources |
| Restraints | COVID-19 |
Covid-19 Scenario:
- The outbreak of the COVID-19 pandemic had impacted power plant and the power plant maintenance industry on both, the supply and demand side.
- The nuclear and thermal industry had taken special measures to cope with the global pandemic.
- In the short term, the impact was greatest on the supply side for equipment, as various mines and renewable fuels cycle facilities were suspending operations due to health concerns. As a result, the raw material price increased from its lowest point, registered in mid-March 2020.
The research provides detailed segmentation of the global power plant maintenance market based on power plant type, service, equipment, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
Procure Complete Report (473 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/427Wlo3
Based on power plant type, the nuclear segment held the highest share in 2021, accounting for nearly one-third of the global power plant maintenance market, and is expected to continue its leadership status during the forecast period. This segment is expected to register the highest CAGR of 5.1% from 2022 to 2031.
Based on service, the predictive maintenance segment accounted for the highest share in 2021, contributing to nearly two-fifths of the global power plant maintenance market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the preventive/scheduled maintenance segment is expected to manifest the highest CAGR of 5.0% from 2022 to 2031.
Based on equipment, the gas turbine segment accounted for the highest share in 2021, holding around one-fourth of the global power plant maintenance market, and is expected to continue its leadership status during the forecast period. However, the steam turbine segment is estimated to grow at the highest CAGR of 5.2% during the forecast period.
Enquiry Before Buying: https://www.alliedmarketresearch.com/ power-plant-maintenance-market/purchase-options
Based on region, Asia-Pacific held the largest share in 2021, contributing to more than two-fifths of the global power plant maintenance market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the same region is expected to manifest the fastest CAGR of 5.1% during the forecast period.
Leading market players of the global power plant maintenance market analyzed in the research include Enel Spa, Shell Plc., Siemens AG, RWE AG, ABB Ltd., RES Group, General Electric, Engie, Emerson Electric Co.
The report provides a detailed analysis of these key players of the global power plant maintenance market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Trending Reports in Power Plant Maintenance Industry (Book Now with 10% Discount):
Nuclear Power Plant and Equipment Market: Global Opportunity Analysis, 2021–2030
Power Plant Control System Market: Global Analysis and Industry Forecast 2021–2030
Thermal Power Plant Market: Global Analysis and Industry Forecast, 2021-2030
Hydropower Market: Global Opportunity Analysis and Industry Forecast, 2022–2031
Turbine Control System Market: Global Analysis and Industry Forecast, 2021–2030
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/energy-and-power
Follow Us on Blog: https://www.marketinshort.com/
Follow Us on | Facebook | LinkedIn | YouTube
