Gas Turbine Services Market

Gas Turbine Services Market Size, Share, Growth Analysis, By Turbine Type(Heavy Duty, Industrial), By Turbine Capacity(<100 MW, 100 to 200 MW), By Service Type(Maintenance & Repair, Overhaul), By Service Provider(OEM, Non-OEM), By End-use(Power Generation, Oil & Gas), By Regional(North America, Asia Pacific) - Industry Forecast 2024-2031


Report ID: UCMIG10E2014 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Gas Turbine Services Market Insights

Market Overview:

The global market for gas turbine services was worth USD 26.0 billion in 2019 and is predicted to grow at a compound annual growth rate (CAGR) of 9.8% during the forecast period. One of the key drivers for this growth is the increasing awareness of environmental issues, which has led to a shift towards low carbon emission power generation technologies such as natural gas-powered turbines. This, in turn, has led to a rise in demand for services for gas turbines around the world.

Gas Turbine Services Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Oil & Gas Refining & Marketing by segment aggregation, the contribution of the Oil & Gas Refining & Marketing in Energy Fuel and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The global market for Gas Turbine Services was estimated to be valued at US$ XX Mn in 2021.

The global Gas Turbine Services Market is estimated to grow at a CAGR of XX% by 2028.

The global Gas Turbine Services Market is segmented on the basis of Turbine Type, Turbine Capacity, Service Type, Service Provider, End-use, Regional.

Based on region, the global Gas Turbine Services Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the global Gas Turbine Services Market are General Electric,, Siemens AG,, Mitsubishi Hitachi Power Systems, Ltd., MAN Energy Solutions,, Kawasaki Heavy Industries, Ltd.,, Ansaldo Energia S.p.A..

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Gas Turbine Services Market

Product ID: UCMIG10E2014

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