Gas Turbine Service Industry Research Report 2024

Gas Turbine Service Industry Research Report 2024


In this report, we study the services for gas turbine. Stringent emission regulations for gas turbines and upgradation of aging fleet of gas turbine drive the market for gas turbine Services.

A gas turbine, also called a combustion turbine, is a type of internal combustion engine. It has an upstream rotating compressor coupled to a downstream turbine, and a combustion chamber or area, called a combustor, in between.

According to APO Research, The global Gas Turbine Service market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

Global Gas Turbine Service key players include General Electric, Mitsubishi Hitachi Power Systems, Siemens, etc. Global top three manufacturers hold a share over 60%.

Middle East is the largest market, with a share over 30%, followed by Europe and United States, have a share over 40 percent.

In terms of product, Heavy Duty Services is the largest segment, with a share about 75%. And in terms of application, the largest application is Power Generation, followed by Oil & Gas, etc.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Gas Turbine Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Gas Turbine Service.

The Gas Turbine Service market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Gas Turbine Service market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

General Electric
Mitsubishi Hitachi Power Systems
Siemens
Wood Group
Kawasaki Heavy Industries
Solar Turbines
MTU Aero Engines
Ansaldo Energia
Sulzer
MAN Diesel & Turbo
MJB International
Proenergy Services

Gas Turbine Service segment by Type
Heavy Duty Services
Aero-Derivative Services

Gas Turbine Service Segment by Application
Power Generation
Oil & Gas
Other

Gas Turbine Service Segment by Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Gas Turbine Service market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Gas Turbine Service and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Gas Turbine Service.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Gas Turbine Service companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
Chapter 13: The main points and conclusions of the report.


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Gas Turbine Service by Type
2.2.1 Market Value Comparison by Type (2019 VS 2023 VS 2030)
2.2.2 Heavy Duty Services
2.2.3 Aero-Derivative Services
2.3 Gas Turbine Service by Application
2.3.1 Market Value Comparison by Application (2019 VS 2023 VS 2030)
2.3.2 Power Generation
2.3.3 Oil & Gas
2.3.4 Other
2.4 Assumptions and Limitations
3 Gas Turbine Service Breakdown Data by Type
3.1 Global Gas Turbine Service Historic Market Size by Type (2019-2024)
3.2 Global Gas Turbine Service Forecasted Market Size by Type (2025-2030)
4 Gas Turbine Service Breakdown Data by Application
4.1 Global Gas Turbine Service Historic Market Size by Application (2019-2024)
4.2 Global Gas Turbine Service Forecasted Market Size by Application (2019-2024)
5 Global Growth Trends
5.1 Global Gas Turbine Service Market Perspective (2019-2030)
5.2 Global Gas Turbine Service Growth Trends by Region
5.2.1 Global Gas Turbine Service Market Size by Region: 2019 VS 2023 VS 2030
5.2.2 Gas Turbine Service Historic Market Size by Region (2019-2024)
5.2.3 Gas Turbine Service Forecasted Market Size by Region (2025-2030)
5.3 Gas Turbine Service Market Dynamics
5.3.1 Gas Turbine Service Industry Trends
5.3.2 Gas Turbine Service Market Drivers
5.3.3 Gas Turbine Service Market Challenges
5.3.4 Gas Turbine Service Market Restraints
6 Market Competitive Landscape by Players
6.1 Global Top Gas Turbine Service Players by Revenue
6.1.1 Global Top Gas Turbine Service Players by Revenue (2019-2024)
6.1.2 Global Gas Turbine Service Revenue Market Share by Players (2019-2024)
6.2 Global Gas Turbine Service Industry Players Ranking, 2022 VS 2023 VS 2024
6.3 Global Key Players of Gas Turbine Service Head office and Area Served
6.4 Global Gas Turbine Service Players, Product Type & Application
6.5 Global Gas Turbine Service Players, Date of Enter into This Industry
6.6 Global Gas Turbine Service Market CR5 and HHI
6.7 Global Players Mergers & Acquisition
7 North America
7.1 North America Gas Turbine Service Market Size (2019-2030)
7.2 North America Gas Turbine Service Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 North America Gas Turbine Service Market Size by Country (2019-2024)
7.4 North America Gas Turbine Service Market Size by Country (2025-2030)
7.5 United States
7.6 Canada
8 Europe
8.1 Europe Gas Turbine Service Market Size (2019-2030)
8.2 Europe Gas Turbine Service Market Growth Rate by Country: 2019 VS 2023 VS 2030
8.3 Europe Gas Turbine Service Market Size by Country (2019-2024)
8.4 Europe Gas Turbine Service Market Size by Country (2025-2030)
8.5 Germany
8.6 France
8.7 U.K.
8.8 Italy
8.9 Russia
8.10 Nordic Countries
9 Asia-Pacific
9.1 Asia-Pacific Gas Turbine Service Market Size (2019-2030)
9.2 Asia-Pacific Gas Turbine Service Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Asia-Pacific Gas Turbine Service Market Size by Country (2019-2024)
9.4 Asia-Pacific Gas Turbine Service Market Size by Country (2025-2030)
9.5 China
9.6 Japan
9.7 South Korea
9.8 Southeast Asia
9.9 India
9.10 Australia
10 Latin America
10.1 Latin America Gas Turbine Service Market Size (2019-2030)
10.2 Latin America Gas Turbine Service Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Latin America Gas Turbine Service Market Size by Country (2019-2024)
10.4 Latin America Gas Turbine Service Market Size by Country (2025-2030)
10.5 Mexico
10.6 Brazil
11 Middle East & Africa
11.1 Middle East & Africa Gas Turbine Service Market Size (2019-2030)
11.2 Middle East & Africa Gas Turbine Service Market Growth Rate by Country: 2019 VS 2023 VS 2030
11.3 Middle East & Africa Gas Turbine Service Market Size by Country (2019-2024)
11.4 Middle East & Africa Gas Turbine Service Market Size by Country (2025-2030)
11.5 Turkey
11.6 Saudi Arabia
11.7 UAE
12 Players Profiled
12.1 General Electric
12.1.1 General Electric Company Information
12.1.2 General Electric Business Overview
12.1.3 General Electric Revenue in Gas Turbine Service Business (2019-2024)
12.1.4 General Electric Gas Turbine Service Product Portfolio
12.1.5 General Electric Recent Developments
12.2 Mitsubishi Hitachi Power Systems
12.2.1 Mitsubishi Hitachi Power Systems Company Information
12.2.2 Mitsubishi Hitachi Power Systems Business Overview
12.2.3 Mitsubishi Hitachi Power Systems Revenue in Gas Turbine Service Business (2019-2024)
12.2.4 Mitsubishi Hitachi Power Systems Gas Turbine Service Product Portfolio
12.2.5 Mitsubishi Hitachi Power Systems Recent Developments
12.3 Siemens
12.3.1 Siemens Company Information
12.3.2 Siemens Business Overview
12.3.3 Siemens Revenue in Gas Turbine Service Business (2019-2024)
12.3.4 Siemens Gas Turbine Service Product Portfolio
12.3.5 Siemens Recent Developments
12.4 Wood Group
12.4.1 Wood Group Company Information
12.4.2 Wood Group Business Overview
12.4.3 Wood Group Revenue in Gas Turbine Service Business (2019-2024)
12.4.4 Wood Group Gas Turbine Service Product Portfolio
12.4.5 Wood Group Recent Developments
12.5 Kawasaki Heavy Industries
12.5.1 Kawasaki Heavy Industries Company Information
12.5.2 Kawasaki Heavy Industries Business Overview
12.5.3 Kawasaki Heavy Industries Revenue in Gas Turbine Service Business (2019-2024)
12.5.4 Kawasaki Heavy Industries Gas Turbine Service Product Portfolio
12.5.5 Kawasaki Heavy Industries Recent Developments
12.6 Solar Turbines
12.6.1 Solar Turbines Company Information
12.6.2 Solar Turbines Business Overview
12.6.3 Solar Turbines Revenue in Gas Turbine Service Business (2019-2024)
12.6.4 Solar Turbines Gas Turbine Service Product Portfolio
12.6.5 Solar Turbines Recent Developments
12.7 MTU Aero Engines
12.7.1 MTU Aero Engines Company Information
12.7.2 MTU Aero Engines Business Overview
12.7.3 MTU Aero Engines Revenue in Gas Turbine Service Business (2019-2024)
12.7.4 MTU Aero Engines Gas Turbine Service Product Portfolio
12.7.5 MTU Aero Engines Recent Developments
12.8 Ansaldo Energia
12.8.1 Ansaldo Energia Company Information
12.8.2 Ansaldo Energia Business Overview
12.8.3 Ansaldo Energia Revenue in Gas Turbine Service Business (2019-2024)
12.8.4 Ansaldo Energia Gas Turbine Service Product Portfolio
12.8.5 Ansaldo Energia Recent Developments
12.9 Sulzer
12.9.1 Sulzer Company Information
12.9.2 Sulzer Business Overview
12.9.3 Sulzer Revenue in Gas Turbine Service Business (2019-2024)
12.9.4 Sulzer Gas Turbine Service Product Portfolio
12.9.5 Sulzer Recent Developments
12.10 MAN Diesel & Turbo
12.10.1 MAN Diesel & Turbo Company Information
12.10.2 MAN Diesel & Turbo Business Overview
12.10.3 MAN Diesel & Turbo Revenue in Gas Turbine Service Business (2019-2024)
12.10.4 MAN Diesel & Turbo Gas Turbine Service Product Portfolio
12.10.5 MAN Diesel & Turbo Recent Developments
12.11 MJB International
12.11.1 MJB International Company Information
12.11.2 MJB International Business Overview
12.11.3 MJB International Revenue in Gas Turbine Service Business (2019-2024)
12.11.4 MJB International Gas Turbine Service Product Portfolio
12.11.5 MJB International Recent Developments
12.12 Proenergy Services
12.12.1 Proenergy Services Company Information
12.12.2 Proenergy Services Business Overview
12.12.3 Proenergy Services Revenue in Gas Turbine Service Business (2019-2024)
12.12.4 Proenergy Services Gas Turbine Service Product Portfolio
12.12.5 Proenergy Services Recent Developments
13 Report Conclusion
14 Disclaimer

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