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Global Gas Turbine MRO Market Size study & Forecast, by Type (Maintenance, Repair, Overhaul), by Provider Type (OEM, Independent Service Provider, In House) by End Use (Power Generation, Oil and Gas, Aviation, Others) and Regional Analysis, 2023-2030

July 2023 | 200 pages | ID: G716EF4AA9FBEN
Bizwit Research & Consulting LLP

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Global Gas Turbine MRO Market is valued approximately USD 14.21 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 3.2% over the forecast period 2023-2030. A gas turbine in power sector is used to convert the kinetic energy from gas into mechanical energy and then to electrical power. The turbine requires ongoing maintenance since it contains several spinning components. Gas turbine maintenance, repair and overhauls (MRO) are necessary for the efficient operation of both the turbines and the power plants at regular intervals. To drive market expansion, gas turbines are increasingly replacing nuclear and coal-powered ones. The market has benefited as a result of major companies being urged to build more natural gas-based power facilities in response to growing environmental concerns. The key factor driving the market growth is old energy production infrastructure. The need for electricity is rising as a result of more smart city projects and smart buildings, and gas turbine power plants are seeing more investment due to the increased demand for energy on a global basis.

Moreover, the growing aviation sector plays a significant role in supporting the growth of the Gas Turbine MRO (Maintenance, Repair, and Overhaul) market. As the aviation industry expands, there is a higher demand for aircraft to meet the growing passenger and cargo transportation needs. This leads to an increase in the number of gas turbine engines used in commercial and military aircraft. With a larger fleet, the demand for maintenance, repair, and overhaul services for these engines also rises, driving the growth of the Gas Turbine MRO market. According to Statista, in 2020, the global airline industry was valued USD 391.22 billion and industry increased significantly and reached USD 785.64 billion. Additionally, the rising use of natural gas in the power sector, the change from coal to gas-based power production, and the expansion of gas-fired power plant infrastructure are all likely to provide enormous opportunities for gas turbine MRO companies in the future. However, growth in the renewable energy sector stifling market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Gas Turbine MRO Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing of the increased shale gas development, the region also contains multiple gas-driven turbine plants that run mostly on natural gas. According to the US Energy Information Administration (EIA) in 2021, coal accounts for more than 40% of the nation's electricity while natural gas accounts for over 25%. The EIA predicts that natural gas be the predominant fuel for power generation by 2035. The bulk of energy in North America is generated by gas turbine-powered facilities, and this trend is expected to continue in the future. Asia Pacific is expected to grow significantly during the forecast period, owing to increased demand for energy and increased attempts to minimise emissions from the power producing industry, as well as continued economic expansion and several government initiatives aimed at boosting access to electricity in the region.

Major market player included in this report are:
Mitsubishi Heavy Industries, Ltd.
Siemens AG
Kawasaki Heavy Industries, Ltd.
Henkel AG & Co. KGaA
Triveni Turbines Limited
RWG (Repair & Overhauls) Limited
General Electric Co.
PT PLN Nusantara Power
Global Turbine Asia Sdn Bhd
Ethos Energy LLC
Recent Developments in the Market:
In February 2022, Siemens AG, a provider of energy technologies, and ZEISS, a maker of metrology devices, have collaborated to develop Maker Verse, a one-stop on-demand 3D printing fulfilment platform. The business anticipates using this in the development of its gas turbines' maintenance, repair, and operations (MRO).
In February 2022, Optomec has received a USD 1.25 million contract for a production Metal Additive Manufacturing machine for the maintenance of industrial gas turbine components. Metal Additive Repair from Optomec Optomec's Metal Additive repair solutions have been implemented in almost 100 MRO installations for power generation applications in big volume production.

Global Gas Turbine MRO Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Provider Type, End Use, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Maintenance
Repair
Overhaul
By Provider Type:
OEM
Independent Service Provider
In House
By End Use:
Power Generation
Oil and Gas
Aviation
Others
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Gas Turbine MRO Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Gas Turbine MRO Market, by Type, 2020-2030 (USD Billion)
  1.2.3. Gas Turbine MRO Market, by Provider Type, 2020-2030 (USD Billion)
  1.2.4. Gas Turbine MRO Market, by End Use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL GAS TURBINE MRO MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL GAS TURBINE MRO MARKET DYNAMICS

3.1. Gas Turbine MRO Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing smart city projects and smart buildings
    3.1.1.2. Growing maintenance services
  3.1.2. Market Challenges
    3.1.2.1. High Cost of Gas Turbine MRO
    3.1.2.2. Growth in the renewable energy sector
  3.1.3. Market Opportunities
    3.1.3.1. Rising use of natural gas in the power sector
    3.1.3.2. Expansion of gas-fired power plant infrastructure

CHAPTER 4. GLOBAL GAS TURBINE MRO MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL GAS TURBINE MRO MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Gas Turbine MRO Market by Type, Performance - Potential Analysis
5.3. Global Gas Turbine MRO Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Gas Turbine MRO Market, Sub Segment Analysis
  5.4.1. Maintenance
  5.4.2. Repair
  5.4.3. Overhaul

CHAPTER 6. GLOBAL GAS TURBINE MRO MARKET, BY PROVIDER TYPE

6.1. Market Snapshot
6.2. Global Gas Turbine MRO Market by Provider Type, Performance - Potential Analysis
6.3. Global Gas Turbine MRO Market Estimates & Forecasts by Provider Type 2020-2030 (USD Billion)
6.4. Gas Turbine MRO Market, Sub Segment Analysis
  6.4.1. OEM
  6.4.2. Independent Service Provider
  6.4.3. In House

CHAPTER 7. GLOBAL GAS TURBINE MRO MARKET, BY END USE

7.1. Market Snapshot
7.2. Global Gas Turbine MRO Market by End Use, Performance - Potential Analysis
7.3. Global Gas Turbine MRO Market Estimates & Forecasts by End Use 2020-2030 (USD Billion)
7.4. Gas Turbine MRO Market, Sub Segment Analysis
  7.4.1. Power Generation
  7.4.2. Oil and Gas
  7.4.3. Aviation
  7.4.4. Others

CHAPTER 8. GLOBAL GAS TURBINE MRO MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Gas Turbine MRO Market, Regional Market Snapshot
8.4. North America Gas Turbine MRO Market
  8.4.1. U.S. Gas Turbine MRO Market
    8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Provider Type breakdown estimates & forecasts, 2020-2030
    8.4.1.3. End Use breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Gas Turbine MRO Market
8.5. Europe Gas Turbine MRO Market Snapshot
  8.5.1. U.K. Gas Turbine MRO Market
  8.5.2. Germany Gas Turbine MRO Market
  8.5.3. France Gas Turbine MRO Market
  8.5.4. Spain Gas Turbine MRO Market
  8.5.5. Italy Gas Turbine MRO Market
  8.5.6. Rest of Europe Gas Turbine MRO Market
8.6. Asia-Pacific Gas Turbine MRO Market Snapshot
  8.6.1. China Gas Turbine MRO Market
  8.6.2. India Gas Turbine MRO Market
  8.6.3. Japan Gas Turbine MRO Market
  8.6.4. Australia Gas Turbine MRO Market
  8.6.5. South Korea Gas Turbine MRO Market
  8.6.6. Rest of Asia Pacific Gas Turbine MRO Market
8.7. Latin America Gas Turbine MRO Market Snapshot
  8.7.1. Brazil Gas Turbine MRO Market
  8.7.2. Mexico Gas Turbine MRO Market
8.8. Middle East & Africa Gas Turbine MRO Market
  8.8.1. Saudi Arabia Gas Turbine MRO Market
  8.8.2. South Africa Gas Turbine MRO Market
  8.8.3. Rest of Middle East & Africa Gas Turbine MRO Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Mitsubishi Heavy Industries, Ltd.
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. Eli Siemens AG
  9.3.3. Kawasaki Heavy Industries, Ltd.
  9.3.4. Henkel AG & Co. KGaA
  9.3.5. Triveni Turbines Limited
  9.3.6. RWG (Repair & Overhauls) Limited
  9.3.7. General Electric Co.
  9.3.8. PT PLN Nusantara Power
  9.3.9. Global Turbine Asia Sdn Bhd
  9.3.10. Ethos Energy LLC

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Gas Turbine MRO Market, report scope
TABLE 2. Global Gas Turbine MRO Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Gas Turbine MRO Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Gas Turbine MRO Market estimates & forecasts by Provider Type 2020-2030 (USD Billion)
TABLE 5. Global Gas Turbine MRO Market estimates & forecasts by End Use 2020-2030 (USD Billion)
TABLE 6. Global Gas Turbine MRO Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Gas Turbine MRO Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Gas Turbine MRO Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Gas Turbine MRO Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Gas Turbine MRO Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Gas Turbine MRO Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Gas Turbine MRO Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Gas Turbine MRO Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Gas Turbine MRO Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Gas Turbine MRO Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Gas Turbine MRO Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Gas Turbine MRO Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Gas Turbine MRO Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Gas Turbine MRO Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Gas Turbine MRO Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Gas Turbine MRO Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Gas Turbine MRO Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Gas Turbine MRO Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Gas Turbine MRO Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Gas Turbine MRO Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Gas Turbine MRO Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Gas Turbine MRO Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Gas Turbine MRO Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Gas Turbine MRO Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Gas Turbine MRO Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Gas Turbine MRO Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Gas Turbine MRO Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Gas Turbine MRO Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Gas Turbine MRO Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Gas Turbine MRO Market
TABLE 71. List of primary sources, used in the study of global Gas Turbine MRO Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Gas Turbine MRO Market, research methodology
FIG 2. Global Gas Turbine MRO Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Gas Turbine MRO Market, key trends 2022
FIG 5. Global Gas Turbine MRO Market, growth prospects 2023-2030
FIG 6. Global Gas Turbine MRO Market, porters 5 force model
FIG 7. Global Gas Turbine MRO Market, pest analysis
FIG 8. Global Gas Turbine MRO Market, value chain analysis
FIG 9. Global Gas Turbine MRO Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Gas Turbine MRO Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Gas Turbine MRO Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Gas Turbine MRO Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Gas Turbine MRO Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Gas Turbine MRO Market, regional snapshot 2020 & 2030
FIG 15. North America Gas Turbine MRO Market 2020 & 2030 (USD Billion)
FIG 16. Europe Gas Turbine MRO Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Gas Turbine MRO Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Gas Turbine MRO Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Gas Turbine MRO Market 2020 & 2030 (USD Billion)
List of tables and figures are dummy in nature, final lists may vary in the final deliverable


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