The Gas Turbine MRO Market in the Power is expected to grow from USD 28.85 billion in 2024 to USD 33.90 billion by 2029, at a CAGR of 3.28% during the forecast period (2024-2029).
The market was moderately impacted by COVID-19 in 2020. Presently, the market has now reached pre-pandemic levels.
The 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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