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Global Gas Turbine Service Market Size, Manufacturers, Opportunities and Forecast to 2030

April 2024 | 104 pages | ID: GED98C4C3BBAEN
APO Research

US$ 3,450.00

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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.

According to APO Research, The global Gas Turbine Service market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

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.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Gas Turbine Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Gas Turbine Service.

The Gas Turbine Service market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Gas Turbine Service market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, gross margin by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
  • 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
Gas Turbine Service segment by Type
  • Heavy Duty Services
  • Aero-Derivative Services
Gas Turbine Service segment by Application
  • Power Generation
  • Oil & Gas
  • Other
Gas Turbine Service Segment by Region
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia
  • Latin America
  • Mexico
  • Brazil
  • Argentina
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Gas Turbine Service market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Gas Turbine Service and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market

5. This report helps stakeholders to gain insights into which regions to target globally

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Gas Turbine Service.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2019-2024, 2025-2030). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 3: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 4: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 5: Detailed analysis of Gas Turbine Service companies' competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.

Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.

Chapter 12: Concluding Insights of the report

Chapter 12: Concluding Insights of the report
1 MARKET OVERVIEW

1.1 Product Definition
1.2 Global Market Growth Prospects
1.3 Global Gas Turbine Service Market Size Overview by Region 2019 VS 2023 VS 2030
1.4 Global Gas Turbine Service Market Size by Region (2019-2030)
  1.4.1 Global Gas Turbine Service Market Size by Region (2019-2024)
  1.4.2 Global Gas Turbine Service Market Size by Region (2025-2030)
1.5 Key Regions Gas Turbine Service Market Size (2019-2030)
  1.5.1 North America Gas Turbine Service Market Size Growth Rate (2019-2030)
  1.5.2 Europe Gas Turbine Service Market Size Growth Rate (2019-2030)
  1.5.3 Asia-Pacific Gas Turbine Service Market Size Growth Rate (2019-2030)
  1.5.4 Latin America Gas Turbine Service Market Size Growth Rate (2019-2030)
  1.5.5 Middle East & Africa Gas Turbine Service Market Size Growth Rate (2019-2030)

2 GAS TURBINE SERVICE MARKET BY TYPE

2.1 Type Introduction
  2.1.1 Heavy Duty Services
  2.1.2 Aero-Derivative Services
2.2 Global Gas Turbine Service Market Size by Type
  2.2.1 Global Gas Turbine Service Market Size Overview by Type (2019-2030)
  2.2.2 Global Gas Turbine Service Historic Market Size Review by Type (2019-2024)
  2.2.3 Global Gas Turbine Service Market Size Forecasted by Type (2025-2030)
2.3 Global Gas Turbine Service Market Size by Regions
  2.3.1 North America Gas Turbine Service Market Size Breakdown by Type (2019-2024)
  2.3.2 Europe Gas Turbine Service Market Size Breakdown by Type (2019-2024)
  2.3.3 Asia-Pacific Gas Turbine Service Market Size Breakdown by Type (2019-2024)
  2.3.4 Latin America Gas Turbine Service Market Size Breakdown by Type (2019-2024)
  2.3.5 Middle East and Africa Gas Turbine Service Market Size Breakdown by Type (2019-2024)

3 GAS TURBINE SERVICE MARKET BY APPLICATION

3.1 Type Introduction
  3.1.1 Power Generation
  3.1.2 Oil & Gas
  3.1.3 Other
3.2 Global Gas Turbine Service Market Size by Application
  3.2.1 Global Gas Turbine Service Market Size Overview by Application (2019-2030)
  3.2.2 Global Gas Turbine Service Historic Market Size Review by Application (2019-2024)
  3.2.3 Global Gas Turbine Service Market Size Forecasted by Application (2025-2030)
3.3 Global Gas Turbine Service Market Size by Regions
  3.3.1 North America Gas Turbine Service Market Size Breakdown by Application (2019-2024)
  3.3.2 Europe Gas Turbine Service Market Size Breakdown by Application (2019-2024)
  3.3.3 Asia-Pacific Gas Turbine Service Market Size Breakdown by Application (2019-2024)
  3.3.4 Latin America Gas Turbine Service Market Size Breakdown by Application (2019-2024)
  3.3.5 Middle East and Africa Gas Turbine Service Market Size Breakdown by Application (2019-2024)

4 GLOBAL MARKET DYNAMICS

4.1 Gas Turbine Service Industry Trends
4.2 Gas Turbine Service Industry Drivers
4.3 Gas Turbine Service Industry Opportunities and Challenges
4.4 Gas Turbine Service Industry Restraints

5 COMPETITIVE INSIGHTS BY COMPANY

5.1 Global Top Players by Gas Turbine Service Revenue (2019-2024)
5.2 Global Gas Turbine Service Industry Company Ranking, 2022 VS 2023 VS 2024
5.3 Global Gas Turbine Service Key Company Headquarters & Area Served
5.4 Global Gas Turbine Service Company, Product Type & Application
5.5 Global Gas Turbine Service Company Commercialization Time
5.6 Market Competitive Analysis
  5.6.1 Global Gas Turbine Service Market CR5 and HHI
  5.6.2 Global Top 5 and 10 Gas Turbine Service Players Market Share by Revenue in 2023
  5.6.3 2023 Gas Turbine Service Tier 1, Tier 2, and Tier

6 COMPANY PROFILES

6.1 General Electric
  6.1.1 General Electric Comapny Information
  6.1.2 General Electric Business Overview
  6.1.3 General Electric Gas Turbine Service Revenue, Global Share and Gross Margin (2019-2024)
  6.1.4 General Electric Gas Turbine Service Product Portfolio
  6.1.5 General Electric Recent Developments
6.2 Mitsubishi Hitachi Power Systems
  6.2.1 Mitsubishi Hitachi Power Systems Comapny Information
  6.2.2 Mitsubishi Hitachi Power Systems Business Overview
  6.2.3 Mitsubishi Hitachi Power Systems Gas Turbine Service Revenue, Global Share and Gross Margin (2019-2024)
  6.2.4 Mitsubishi Hitachi Power Systems Gas Turbine Service Product Portfolio
  6.2.5 Mitsubishi Hitachi Power Systems Recent Developments
6.3 Siemens
  6.3.1 Siemens Comapny Information
  6.3.2 Siemens Business Overview
  6.3.3 Siemens Gas Turbine Service Revenue, Global Share and Gross Margin (2019-2024)
  6.3.4 Siemens Gas Turbine Service Product Portfolio
  6.3.5 Siemens Recent Developments
6.4 Wood Group
  6.4.1 Wood Group Comapny Information
  6.4.2 Wood Group Business Overview
  6.4.3 Wood Group Gas Turbine Service Revenue, Global Share and Gross Margin (2019-2024)
  6.4.4 Wood Group Gas Turbine Service Product Portfolio
  6.4.5 Wood Group Recent Developments
6.5 Kawasaki Heavy Industries
  6.5.1 Kawasaki Heavy Industries Comapny Information
  6.5.2 Kawasaki Heavy Industries Business Overview
  6.5.3 Kawasaki Heavy Industries Gas Turbine Service Revenue, Global Share and Gross Margin (2019-2024)
  6.5.4 Kawasaki Heavy Industries Gas Turbine Service Product Portfolio
  6.5.5 Kawasaki Heavy Industries Recent Developments
6.6 Solar Turbines
  6.6.1 Solar Turbines Comapny Information
  6.6.2 Solar Turbines Business Overview
  6.6.3 Solar Turbines Gas Turbine Service Revenue, Global Share and Gross Margin (2019-2024)
  6.6.4 Solar Turbines Gas Turbine Service Product Portfolio
  6.6.5 Solar Turbines Recent Developments
6.7 MTU Aero Engines
  6.7.1 MTU Aero Engines Comapny Information
  6.7.2 MTU Aero Engines Business Overview
  6.7.3 MTU Aero Engines Gas Turbine Service Revenue, Global Share and Gross Margin (2019-2024)
  6.7.4 MTU Aero Engines Gas Turbine Service Product Portfolio
  6.7.5 MTU Aero Engines Recent Developments
6.8 Ansaldo Energia
  6.8.1 Ansaldo Energia Comapny Information
  6.8.2 Ansaldo Energia Business Overview
  6.8.3 Ansaldo Energia Gas Turbine Service Revenue, Global Share and Gross Margin (2019-2024)
  6.8.4 Ansaldo Energia Gas Turbine Service Product Portfolio
  6.8.5 Ansaldo Energia Recent Developments
6.9 Sulzer
  6.9.1 Sulzer Comapny Information
  6.9.2 Sulzer Business Overview
  6.9.3 Sulzer Gas Turbine Service Revenue, Global Share and Gross Margin (2019-2024)
  6.9.4 Sulzer Gas Turbine Service Product Portfolio
  6.9.5 Sulzer Recent Developments
6.10 MAN Diesel & Turbo
  6.10.1 MAN Diesel & Turbo Comapny Information
  6.10.2 MAN Diesel & Turbo Business Overview
  6.10.3 MAN Diesel & Turbo Gas Turbine Service Revenue, Global Share and Gross Margin (2019-2024)
  6.10.4 MAN Diesel & Turbo Gas Turbine Service Product Portfolio
  6.10.5 MAN Diesel & Turbo Recent Developments
6.11 MJB International
  6.11.1 MJB International Comapny Information
  6.11.2 MJB International Business Overview
  6.11.3 MJB International Gas Turbine Service Revenue, Global Share and Gross Margin (2019-2024)
  6.11.4 MJB International Gas Turbine Service Product Portfolio
  6.11.5 MJB International Recent Developments
6.12 Proenergy Services
  6.12.1 Proenergy Services Comapny Information
  6.12.2 Proenergy Services Business Overview
  6.12.3 Proenergy Services Gas Turbine Service Revenue, Global Share and Gross Margin (2019-2024)
  6.12.4 Proenergy Services Gas Turbine Service Product Portfolio
  6.12.5 Proenergy Services Recent Developments

7 NORTH AMERICA

7.1 North America Gas Turbine Service Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.2 North America Gas Turbine Service Market Size by Country (2019-2024)
7.3 North America Gas Turbine Service Market Size Forecast by Country (2025-2030)

8 EUROPE

8.1 Europe Gas Turbine Service Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.2 Europe Gas Turbine Service Market Size by Country (2019-2024)
8.3 Europe Gas Turbine Service Market Size Forecast by Country (2025-2030)

9 ASIA-PACIFIC

9.1 Asia-Pacific Gas Turbine Service Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.2 Asia-Pacific Gas Turbine Service Market Size by Country (2019-2024)
9.3 Asia-Pacific Gas Turbine Service Market Size Forecast by Country (2025-2030)

10 LATIN AMERICA

10.1 Latin America Gas Turbine Service Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.2 Latin America Gas Turbine Service Market Size by Country (2019-2024)
10.3 Latin America Gas Turbine Service Market Size Forecast by Country (2025-2030)

11 MIDDLE EAST & AFRICA

11.1 Middle East & Africa Gas Turbine Service Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.2 Middle East & Africa Gas Turbine Service Market Size by Country (2019-2024)
11.3 Middle East & Africa Gas Turbine Service Market Size Forecast by Country (2025-2030)

12 CONCLUDING INSIGHTS

13 APPENDIX

13.1 Reasons for Doing This Study
13.2 Research Methodology
13.3 Research Process
13.4 Authors List of This Report
13.5 Data Source
  13.5.1 Secondary Sources
  13.5.2 Primary Sources


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