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Gas Turbine Services-Global Market Insights and Sales Trends 2024
Synopsis
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 Services 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 Services in various end use industries. The expanding demands from the Power Generation, Oil & Gas and Others,, are propelling Gas Turbine Services 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.
General Electric, Mitsubishi Hitachi Power Systems and Siemens are the leaders of the Gas Turbine Services industry, which take about 60% market share. America is the major region of the global market, which takes about 30% market share.
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 Services, 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 Services 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 Services market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Gas Turbine Services 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 Services 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 Services 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 Services 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 Services market, Segment by Type:
Heavy Duty Services
Aero-Derivative Services
Global Gas Turbine Services market, by Application
Power Generation
Oil & Gas
Others
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 Services 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
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 Services 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 Services in various end use industries. The expanding demands from the Power Generation, Oil & Gas and Others,, are propelling Gas Turbine Services 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.
General Electric, Mitsubishi Hitachi Power Systems and Siemens are the leaders of the Gas Turbine Services industry, which take about 60% market share. America is the major region of the global market, which takes about 30% market share.
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 Services, 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 Services 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 Services market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Gas Turbine Services 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 Services 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 Services 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 Services 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 Services market, Segment by Type:
Heavy Duty Services
Aero-Derivative Services
Global Gas Turbine Services market, by Application
Power Generation
Oil & Gas
Others
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 Services 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 Services
1.1 Gas Turbine Services Market Overview
1.1.1 Gas Turbine Services Product Scope
1.1.2 Gas Turbine Services Market Status and Outlook
1.2 Global Gas Turbine Services Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Gas Turbine Services Market Size by Region (2018-2029)
1.4 Global Gas Turbine Services Historic Market Size by Region (2018-2023)
1.5 Global Gas Turbine Services Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Gas Turbine Services Market Size (2018-2029)
1.6.1 North America Gas Turbine Services Market Size (2018-2029)
1.6.2 Europe Gas Turbine Services Market Size (2018-2029)
1.6.3 Asia-Pacific Gas Turbine Services Market Size (2018-2029)
1.6.4 Latin America Gas Turbine Services Market Size (2018-2029)
1.6.5 Middle East & Africa Gas Turbine Services Market Size (2018-2029)
2 Gas Turbine Services Market by Type
2.1 Introduction
2.1.1 Heavy Duty Services
2.1.2 Aero-Derivative Services
2.2 Global Gas Turbine Services Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Gas Turbine Services Historic Market Size by Type (2018-2023)
2.2.2 Global Gas Turbine Services Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Gas Turbine Services Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Gas Turbine Services Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Gas Turbine Services Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Gas Turbine Services Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Gas Turbine Services Revenue Breakdown by Type (2018-2029)
3 Gas Turbine Services Market Overview by Application
3.1 Introduction
3.1.1 Power Generation
3.1.2 Oil & Gas
3.1.3 Others
3.2 Global Gas Turbine Services Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Gas Turbine Services Historic Market Size by Application (2018-2023)
3.2.2 Global Gas Turbine Services Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Gas Turbine Services Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Gas Turbine Services Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Gas Turbine Services Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Gas Turbine Services Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Gas Turbine Services Revenue Breakdown by Application (2018-2029)
4 Gas Turbine Services Competition Analysis by Players
4.1 Global Gas Turbine Services 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 Services as of 2022)
4.3 Date of Key Players Enter into Gas Turbine Services Market
4.4 Global Top Players Gas Turbine Services Headquarters and Area Served
4.5 Key Players Gas Turbine Services Product Solution and Service
4.6 Competitive Status
4.6.1 Gas Turbine Services 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 Services Products, Services and Solutions
5.1.4 General Electric Gas Turbine Services 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 Services Products, Services and Solutions
5.2.4 Mitsubishi Hitachi Power Systems Gas Turbine Services 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 Services Products, Services and Solutions
5.3.4 Siemens Gas Turbine Services 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 Services Products, Services and Solutions
5.4.4 Wood Group Gas Turbine Services 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 Services Products, Services and Solutions
5.5.4 Kawasaki Heavy Industries Gas Turbine Services 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 Services Products, Services and Solutions
5.6.4 Solar Turbines Gas Turbine Services 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 Services Products, Services and Solutions
5.7.4 MTU Aero Engines Gas Turbine Services 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 Services Products, Services and Solutions
5.8.4 Ansaldo Energia Gas Turbine Services 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 Services Products, Services and Solutions
5.9.4 Sulzer Gas Turbine Services 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 Services Products, Services and Solutions
5.10.4 MAN Diesel & Turbo Gas Turbine Services 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 Services Products, Services and Solutions
5.11.4 MJB International Gas Turbine Services 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 Services Products, Services and Solutions
5.12.4 Proenergy Services Gas Turbine Services Revenue (US$ Million) & (2018-2023)
5.12.5 Proenergy Services Recent Developments
6 North America
6.1 North America Gas Turbine Services Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Gas Turbine Services 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 Services 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 Services 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 Services 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 Services Market Dynamics
11.1 Gas Turbine Services Industry Trends
11.2 Gas Turbine Services Market Drivers
11.3 Gas Turbine Services Market Challenges
11.4 Gas Turbine Services 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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