Gas Turbine Services Market - Global Industry Analysis

Gas Turbine Services Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Category: Energy & Mining Report Format : PDF Report Code: ZMR-1184 Status : Upcoming


Global Gas Turbine Services Market: Overview

Gas turbines are also known as combustion engines. The internal combustion engine converts the liquid fuels or natural gas into mechanical energy which is then used to produce electricity via the generator. The gas turbines have upstream rotating compressor combined with a downstream turbine and a combustor. The gas turbines are mainly used to power trains, ships, aircraft, automobiles, tanks, and electric generators. The growing utilization of the gas turbines due to the high output propels the global gas turbine services market growth.

Global Gas Turbine Services Market: Growth Factors

The major factors expected to drive the global gas turbine services is the increasing installation of the combined cycle power plants. The rise in the gas turbine installation increases due to the high shale gas production which in turn boosts the global market. The stringent government regulatory norms regarding the emission, high labor cost, highly expensive gas turbine spare parts, and difficulty in transportation processes hinders the global gas turbine service market.

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Gas Turbine Services Market: Segmentation

The gas turbine services market segment is bifurcated based on the service, type, service provider, and end-user industry. The type segment is divided for heavy-duty and aero-derivative. The service segment is classified into repair, overhaul, and maintenance. The service provider segment is categorized into OEM and non-OEM. The end user segment is grouped into oil and gas, power generation, and other industries. The maintenance and power generation segment is expected to dominate the global gas turbine services market.

Global Gas Turbine Services Market: Regional Analysis

North America dominates the global gas turbine services market because of the increasing fleet in the existing and aging gas turbines and also the stringent government regulatory emission norms in the regions such as the U.S. and Canada. The Middle East and Africa, especially the Middle East region, is expected to show rapid growth in the market due to the growing gas turbine installation for the combined cycle power plants. Europe proves to be a region of high potential for the market due to the increasing industrialization and urbanization in the Central and eastern European region. The rising need for power in the developing region such as Latin America, owing to the over utilization of the natural gas reserves in the region, is expected to fuel the market in the region.

Global Gas Turbine Services Market: Competitive Players

The major players in the global gas turbine services market include Ansaldo Energia S.A, Rolls-Royce plc., Sulzer AG, Siemens AG, Centrax Ltd., Hitachi Ltd., Mitsubishi Motors Corporation, EthosEnergy, and General Electric Company. The other players in the global market are HPI LLC, Ethosenergy, HPI LLC, Kawasaki Heavy Industries Ltd., MJB International, Mechanical Dynamics & Analysis, Proenergy Services LLC, Mitsubishi Hitachi Power Systems, MTU Aero Engines Ag, Solar Turbines, and Incorporated Turbine Services And Solutions LLC.

Global Gas Turbine Services Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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