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Global Gas Turbine Service Market Research Report 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 was valued at US$ 19460 million in 2023 and is anticipated to reach US$ 25690 million by 2030, witnessing a CAGR of 4.0% 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.
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.
Report Scope
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.
The report will help the Gas Turbine Service companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
Segment by Type
Heavy Duty Services
Aero-Derivative Services
Segment by Application
Power Generation
Oil & Gas
Other
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. 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: Introduces executive summary of global market size, regional market size, 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 3: Detailed analysis of Gas Turbine Service companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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 was valued at US$ 19460 million in 2023 and is anticipated to reach US$ 25690 million by 2030, witnessing a CAGR of 4.0% 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.
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.
Report Scope
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.
The report will help the Gas Turbine Service companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
Segment by Type
Heavy Duty Services
Aero-Derivative Services
Segment by Application
Power Generation
Oil & Gas
Other
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. 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: Introduces executive summary of global market size, regional market size, 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 3: Detailed analysis of Gas Turbine Service companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Gas Turbine Service Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Heavy Duty Services
1.2.3 Aero-Derivative Services
1.3 Market by Application
1.3.1 Global Gas Turbine Service Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Power Generation
1.3.3 Oil & Gas
1.3.4 Other
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Gas Turbine Service Market Perspective (2019-2030)
2.2 Gas Turbine Service Growth Trends by Region
2.2.1 Global Gas Turbine Service Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Gas Turbine Service Historic Market Size by Region (2019-2024)
2.2.3 Gas Turbine Service Forecasted Market Size by Region (2025-2030)
2.3 Gas Turbine Service Market Dynamics
2.3.1 Gas Turbine Service Industry Trends
2.3.2 Gas Turbine Service Market Drivers
2.3.3 Gas Turbine Service Market Challenges
2.3.4 Gas Turbine Service Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Gas Turbine Service Players by Revenue
3.1.1 Global Top Gas Turbine Service Players by Revenue (2019-2024)
3.1.2 Global Gas Turbine Service Revenue Market Share by Players (2019-2024)
3.2 Global Gas Turbine Service Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Gas Turbine Service Revenue
3.4 Global Gas Turbine Service Market Concentration Ratio
3.4.1 Global Gas Turbine Service Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Gas Turbine Service Revenue in 2023
3.5 Gas Turbine Service Key Players Head office and Area Served
3.6 Key Players Gas Turbine Service Product Solution and Service
3.7 Date of Enter into Gas Turbine Service Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Gas Turbine Service Breakdown Data by Type
4.1 Global Gas Turbine Service Historic Market Size by Type (2019-2024)
4.2 Global Gas Turbine Service Forecasted Market Size by Type (2025-2030)
5 Gas Turbine Service Breakdown Data by Application
5.1 Global Gas Turbine Service Historic Market Size by Application (2019-2024)
5.2 Global Gas Turbine Service Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Gas Turbine Service Market Size (2019-2030)
6.2 North America Gas Turbine Service Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Gas Turbine Service Market Size by Country (2019-2024)
6.4 North America Gas Turbine Service Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Gas Turbine Service Market Size (2019-2030)
7.2 Europe Gas Turbine Service Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Gas Turbine Service Market Size by Country (2019-2024)
7.4 Europe Gas Turbine Service Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Gas Turbine Service Market Size (2019-2030)
8.2 Asia-Pacific Gas Turbine Service Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Gas Turbine Service Market Size by Region (2019-2024)
8.4 Asia-Pacific Gas Turbine Service Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Gas Turbine Service Market Size (2019-2030)
9.2 Latin America Gas Turbine Service Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Gas Turbine Service Market Size by Country (2019-2024)
9.4 Latin America Gas Turbine Service Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Gas Turbine Service Market Size (2019-2030)
10.2 Middle East & Africa Gas Turbine Service Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Gas Turbine Service Market Size by Country (2019-2024)
10.4 Middle East & Africa Gas Turbine Service Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 General Electric
11.1.1 General Electric Company Detail
11.1.2 General Electric Business Overview
11.1.3 General Electric Gas Turbine Service Introduction
11.1.4 General Electric Revenue in Gas Turbine Service Business (2019-2024)
11.1.5 General Electric Recent Development
11.2 Mitsubishi Hitachi Power Systems
11.2.1 Mitsubishi Hitachi Power Systems Company Detail
11.2.2 Mitsubishi Hitachi Power Systems Business Overview
11.2.3 Mitsubishi Hitachi Power Systems Gas Turbine Service Introduction
11.2.4 Mitsubishi Hitachi Power Systems Revenue in Gas Turbine Service Business (2019-2024)
11.2.5 Mitsubishi Hitachi Power Systems Recent Development
11.3 Siemens
11.3.1 Siemens Company Detail
11.3.2 Siemens Business Overview
11.3.3 Siemens Gas Turbine Service Introduction
11.3.4 Siemens Revenue in Gas Turbine Service Business (2019-2024)
11.3.5 Siemens Recent Development
11.4 Wood Group
11.4.1 Wood Group Company Detail
11.4.2 Wood Group Business Overview
11.4.3 Wood Group Gas Turbine Service Introduction
11.4.4 Wood Group Revenue in Gas Turbine Service Business (2019-2024)
11.4.5 Wood Group Recent Development
11.5 Kawasaki Heavy Industries
11.5.1 Kawasaki Heavy Industries Company Detail
11.5.2 Kawasaki Heavy Industries Business Overview
11.5.3 Kawasaki Heavy Industries Gas Turbine Service Introduction
11.5.4 Kawasaki Heavy Industries Revenue in Gas Turbine Service Business (2019-2024)
11.5.5 Kawasaki Heavy Industries Recent Development
11.6 Solar Turbines
11.6.1 Solar Turbines Company Detail
11.6.2 Solar Turbines Business Overview
11.6.3 Solar Turbines Gas Turbine Service Introduction
11.6.4 Solar Turbines Revenue in Gas Turbine Service Business (2019-2024)
11.6.5 Solar Turbines Recent Development
11.7 MTU Aero Engines
11.7.1 MTU Aero Engines Company Detail
11.7.2 MTU Aero Engines Business Overview
11.7.3 MTU Aero Engines Gas Turbine Service Introduction
11.7.4 MTU Aero Engines Revenue in Gas Turbine Service Business (2019-2024)
11.7.5 MTU Aero Engines Recent Development
11.8 Ansaldo Energia
11.8.1 Ansaldo Energia Company Detail
11.8.2 Ansaldo Energia Business Overview
11.8.3 Ansaldo Energia Gas Turbine Service Introduction
11.8.4 Ansaldo Energia Revenue in Gas Turbine Service Business (2019-2024)
11.8.5 Ansaldo Energia Recent Development
11.9 Sulzer
11.9.1 Sulzer Company Detail
11.9.2 Sulzer Business Overview
11.9.3 Sulzer Gas Turbine Service Introduction
11.9.4 Sulzer Revenue in Gas Turbine Service Business (2019-2024)
11.9.5 Sulzer Recent Development
11.10 MAN Diesel & Turbo
11.10.1 MAN Diesel & Turbo Company Detail
11.10.2 MAN Diesel & Turbo Business Overview
11.10.3 MAN Diesel & Turbo Gas Turbine Service Introduction
11.10.4 MAN Diesel & Turbo Revenue in Gas Turbine Service Business (2019-2024)
11.10.5 MAN Diesel & Turbo Recent Development
11.11 MJB International
11.11.1 MJB International Company Detail
11.11.2 MJB International Business Overview
11.11.3 MJB International Gas Turbine Service Introduction
11.11.4 MJB International Revenue in Gas Turbine Service Business (2019-2024)
11.11.5 MJB International Recent Development
11.12 Proenergy Services
11.12.1 Proenergy Services Company Detail
11.12.2 Proenergy Services Business Overview
11.12.3 Proenergy Services Gas Turbine Service Introduction
11.12.4 Proenergy Services Revenue in Gas Turbine Service Business (2019-2024)
11.12.5 Proenergy Services Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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