Global Gas Turbine Service Market Growth (Status and Outlook) 2023-2029

Global Gas Turbine Service Market Growth (Status and Outlook) 2023-2029

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.
LPI (LP Information)' newest research report, the “Gas Turbine Service Industry Forecast” looks at past sales and reviews total world Gas Turbine Service sales in 2022, providing a comprehensive analysis by region and market sector of projected Gas Turbine Service sales for 2023 through 2029. With Gas Turbine Service sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Gas Turbine Service industry.
This Insight Report provides a comprehensive analysis of the global Gas Turbine Service landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Gas Turbine Service portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Gas Turbine Service market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Gas Turbine Service and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Gas Turbine Service.
The global Gas Turbine Service market size is projected to grow from US$ 19040 million in 2022 to US$ 25300 million in 2029; it is expected to grow at a CAGR of 4.1% from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Gas Turbine Service market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Heavy Duty Services
Aero-Derivative Services
Segmentation by application
Power Generation
Oil & Gas
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

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