Global Gas Turbine Services Market Growth (Status and Outlook) 2025-2031

The global Gas Turbine Services market size is predicted to grow from US$ 20580 million in 2025 to US$ 26260 million in 2031; it is expected to grow at a CAGR of 4.1% from 2025 to 2031.

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.

General Electric, Mitsubishi Hitachi Power Systems and Siemens are the leaders of the Gas Turbine Services industry, which take about 60% market share. America is the major region of the global market, which takes about 30% market share.

LPI (LP Information)' newest research report, the “Gas Turbine Services Industry Forecast” looks at past sales and reviews total world Gas Turbine Services sales in 2024, providing a comprehensive analysis by region and market sector of projected Gas Turbine Services sales for 2025 through 2031. With Gas Turbine Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Gas Turbine Services industry.

This Insight Report provides a comprehensive analysis of the global Gas Turbine Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Gas Turbine Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Gas Turbine Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Gas Turbine Services 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 Services.

This report presents a comprehensive overview, market shares, and growth opportunities of Gas Turbine Services market by product type, application, key players and key regions and countries.

Segmentation by Type:
Heavy Duty Services
Aero-Derivative Services

Segmentation by Application:
Power Generation
Oil & Gas
Others

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

Please note: The report will take approximately 2 business days to prepare and deliver.