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Gas Turbine Service-Global Market Insights and Sales Trends 2024
Synopsis
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.
The global Gas Turbine Service market size is expected to reach US$ 25690 million by 2029, growing at a CAGR of 4.0% from 2023 to 2029. The market is mainly driven by the significant applications of Gas Turbine Service in various end use industries. The expanding demands from the Power Generation, Oil & Gas and Other, are propelling Gas Turbine Service market. Heavy Duty Services, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Aero-Derivative Services segment is estimated at % CAGR for the next seven-year period.
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 Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Gas Turbine Service, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Gas Turbine Service market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Gas Turbine Service market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Gas Turbine Service sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Gas Turbine Service covered in this report include General Electric, Mitsubishi Hitachi Power Systems, Siemens, Wood Group, Kawasaki Heavy Industries, Solar Turbines, MTU Aero Engines, Ansaldo Energia and Sulzer, etc.
The global Gas Turbine Service market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Gas Turbine Service market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Gas Turbine Service market, Segment by Type:
Heavy Duty Services
Aero-Derivative Services
Global Gas Turbine Service market, by Application
Power Generation
Oil & Gas
Other
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Gas Turbine Service companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: 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 Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
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.
The global Gas Turbine Service market size is expected to reach US$ 25690 million by 2029, growing at a CAGR of 4.0% from 2023 to 2029. The market is mainly driven by the significant applications of Gas Turbine Service in various end use industries. The expanding demands from the Power Generation, Oil & Gas and Other, are propelling Gas Turbine Service market. Heavy Duty Services, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Aero-Derivative Services segment is estimated at % CAGR for the next seven-year period.
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 Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Gas Turbine Service, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Gas Turbine Service market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Gas Turbine Service market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Gas Turbine Service sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Gas Turbine Service covered in this report include General Electric, Mitsubishi Hitachi Power Systems, Siemens, Wood Group, Kawasaki Heavy Industries, Solar Turbines, MTU Aero Engines, Ansaldo Energia and Sulzer, etc.
The global Gas Turbine Service market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Gas Turbine Service market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Gas Turbine Service market, Segment by Type:
Heavy Duty Services
Aero-Derivative Services
Global Gas Turbine Service market, by Application
Power Generation
Oil & Gas
Other
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Gas Turbine Service companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: 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 Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Gas Turbine Service
1.1 Gas Turbine Service Market Overview
1.1.1 Gas Turbine Service Product Scope
1.1.2 Gas Turbine Service Market Status and Outlook
1.2 Global Gas Turbine Service Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Gas Turbine Service Market Size by Region (2018-2029)
1.4 Global Gas Turbine Service Historic Market Size by Region (2018-2023)
1.5 Global Gas Turbine Service Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Gas Turbine Service Market Size (2018-2029)
1.6.1 North America Gas Turbine Service Market Size (2018-2029)
1.6.2 Europe Gas Turbine Service Market Size (2018-2029)
1.6.3 Asia-Pacific Gas Turbine Service Market Size (2018-2029)
1.6.4 Latin America Gas Turbine Service Market Size (2018-2029)
1.6.5 Middle East & Africa Gas Turbine Service Market Size (2018-2029)
2 Gas Turbine Service Market by Type
2.1 Introduction
2.1.1 Heavy Duty Services
2.1.2 Aero-Derivative Services
2.2 Global Gas Turbine Service Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Gas Turbine Service Historic Market Size by Type (2018-2023)
2.2.2 Global Gas Turbine Service Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Gas Turbine Service Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Gas Turbine Service Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Gas Turbine Service Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Gas Turbine Service Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Gas Turbine Service Revenue Breakdown by Type (2018-2029)
3 Gas Turbine Service Market Overview by Application
3.1 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: 2018 VS 2022 VS 2029
3.2.1 Global Gas Turbine Service Historic Market Size by Application (2018-2023)
3.2.2 Global Gas Turbine Service Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Gas Turbine Service Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Gas Turbine Service Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Gas Turbine Service Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Gas Turbine Service Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Gas Turbine Service Revenue Breakdown by Application (2018-2029)
4 Gas Turbine Service Competition Analysis by Players
4.1 Global Gas Turbine Service Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Gas Turbine Service as of 2022)
4.3 Date of Key Players Enter into Gas Turbine Service Market
4.4 Global Top Players Gas Turbine Service Headquarters and Area Served
4.5 Key Players Gas Turbine Service Product Solution and Service
4.6 Competitive Status
4.6.1 Gas Turbine Service Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 General Electric
5.1.1 General Electric Profile
5.1.2 General Electric Main Business
5.1.3 General Electric Gas Turbine Service Products, Services and Solutions
5.1.4 General Electric Gas Turbine Service Revenue (US$ Million) & (2018-2023)
5.1.5 General Electric Recent Developments
5.2 Mitsubishi Hitachi Power Systems
5.2.1 Mitsubishi Hitachi Power Systems Profile
5.2.2 Mitsubishi Hitachi Power Systems Main Business
5.2.3 Mitsubishi Hitachi Power Systems Gas Turbine Service Products, Services and Solutions
5.2.4 Mitsubishi Hitachi Power Systems Gas Turbine Service Revenue (US$ Million) & (2018-2023)
5.2.5 Mitsubishi Hitachi Power Systems Recent Developments
5.3 Siemens
5.3.1 Siemens Profile
5.3.2 Siemens Main Business
5.3.3 Siemens Gas Turbine Service Products, Services and Solutions
5.3.4 Siemens Gas Turbine Service Revenue (US$ Million) & (2018-2023)
5.3.5 Wood Group Recent Developments
5.4 Wood Group
5.4.1 Wood Group Profile
5.4.2 Wood Group Main Business
5.4.3 Wood Group Gas Turbine Service Products, Services and Solutions
5.4.4 Wood Group Gas Turbine Service Revenue (US$ Million) & (2018-2023)
5.4.5 Wood Group Recent Developments
5.5 Kawasaki Heavy Industries
5.5.1 Kawasaki Heavy Industries Profile
5.5.2 Kawasaki Heavy Industries Main Business
5.5.3 Kawasaki Heavy Industries Gas Turbine Service Products, Services and Solutions
5.5.4 Kawasaki Heavy Industries Gas Turbine Service Revenue (US$ Million) & (2018-2023)
5.5.5 Kawasaki Heavy Industries Recent Developments
5.6 Solar Turbines
5.6.1 Solar Turbines Profile
5.6.2 Solar Turbines Main Business
5.6.3 Solar Turbines Gas Turbine Service Products, Services and Solutions
5.6.4 Solar Turbines Gas Turbine Service Revenue (US$ Million) & (2018-2023)
5.6.5 Solar Turbines Recent Developments
5.7 MTU Aero Engines
5.7.1 MTU Aero Engines Profile
5.7.2 MTU Aero Engines Main Business
5.7.3 MTU Aero Engines Gas Turbine Service Products, Services and Solutions
5.7.4 MTU Aero Engines Gas Turbine Service Revenue (US$ Million) & (2018-2023)
5.7.5 MTU Aero Engines Recent Developments
5.8 Ansaldo Energia
5.8.1 Ansaldo Energia Profile
5.8.2 Ansaldo Energia Main Business
5.8.3 Ansaldo Energia Gas Turbine Service Products, Services and Solutions
5.8.4 Ansaldo Energia Gas Turbine Service Revenue (US$ Million) & (2018-2023)
5.8.5 Ansaldo Energia Recent Developments
5.9 Sulzer
5.9.1 Sulzer Profile
5.9.2 Sulzer Main Business
5.9.3 Sulzer Gas Turbine Service Products, Services and Solutions
5.9.4 Sulzer Gas Turbine Service Revenue (US$ Million) & (2018-2023)
5.9.5 Sulzer Recent Developments
5.10 MAN Diesel & Turbo
5.10.1 MAN Diesel & Turbo Profile
5.10.2 MAN Diesel & Turbo Main Business
5.10.3 MAN Diesel & Turbo Gas Turbine Service Products, Services and Solutions
5.10.4 MAN Diesel & Turbo Gas Turbine Service Revenue (US$ Million) & (2018-2023)
5.10.5 MAN Diesel & Turbo Recent Developments
5.11 MJB International
5.11.1 MJB International Profile
5.11.2 MJB International Main Business
5.11.3 MJB International Gas Turbine Service Products, Services and Solutions
5.11.4 MJB International Gas Turbine Service Revenue (US$ Million) & (2018-2023)
5.11.5 MJB International Recent Developments
5.12 Proenergy Services
5.12.1 Proenergy Services Profile
5.12.2 Proenergy Services Main Business
5.12.3 Proenergy Services Gas Turbine Service Products, Services and Solutions
5.12.4 Proenergy Services Gas Turbine Service Revenue (US$ Million) & (2018-2023)
5.12.5 Proenergy Services Recent Developments
6 North America
6.1 North America Gas Turbine Service Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Gas Turbine Service Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Gas Turbine Service Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Gas Turbine Service Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Gas Turbine Service Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Gas Turbine Service Market Dynamics
11.1 Gas Turbine Service Industry Trends
11.2 Gas Turbine Service Market Drivers
11.3 Gas Turbine Service Market Challenges
11.4 Gas Turbine Service Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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