Gas Turbine MRO Market in the Power Sector - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The gas turbine MRO market size in the power sector was estimated at about USD 26.85 billion by the end of this year and is projected to register a CAGR of about 3.28% during the forecast period.
The market was moderately impacted by COVID-19 in 2020. Presently, the market has now reached pre-pandemic levels.
Key HighlightsThe gas turbine MRO market in power sector is moderately consolidated in nature. Some of the major players in the market (in no particular order) include General Electric Company, Siemens Energy AG, Mitsubishi Heavy Industries Ltd, Sulzer Ltd, Solar Turbines Incorporated, among others.
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