Global Gas Turbine Services Market – Overview
The global gas turbine services market is estimated to expand at
~4.50% CAGR during the forecast period.
Global
gas turbine services market is expected to witness substantial growth during
the forecast period owing to growing focus on generating power through cleaner
sources and reduce the utilization of coal reserves. Gas turbines are
combustion engines that converts natural gas and other liquid fuels to
mechanical energy which is used by the generator to produce electrical energy.
This electrical energy is then moved to power lines to industries and homes.
Gas turbine generally includes maintenance, repair and overhaul for both
onshore and offshore locations. These services help in improving power plant
capacity.
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Key
Players
The key players of global gas turbine services
market are General Electric (US),Siemens (Germany), Sulzer (Switzerland),
Ansaldo Energia (Italy), Kawasaki Heavy Industries (Japan), MAN Diesel &
turbo (Germany), Mitsubishi Hitachi Power Systems (Japan), MTU Aero Engines
(Germany), Proenergy Services (US), MJB International (UAE), Shanghai Electric
Group (China), and others.
The growing demand for gas turbine services market is
attributed to the growing production of shale gas and stringent emission
norms for gas turbine. Also,
major oil & gas companies especially in North America require efficient
services for their existing and ageing gas turbine fleet which would drive the
growth of gas turbine services market. One of the major restraints for the
global gas turbine services market is the rising cost of spare parts, labor
costs, & transportation costs.
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Segmental
Analysis
The gas turbine services market has been segmented
based on service into maintenance, repair, and overhaul. Among these types,
maintenance segment is the fastest growing segment in the gas turbine services
market owing to rise in demand inspection and monitoring services for newly
installed gas turbines.
This research report provides insights into various
levels of analysis, such as industry analysis and market share analysis for the
leading industry competitors, along with their profiles. It also helps in
studying the target segments by providing views on the emerging &
high-growth segments. The market data comprises the basic assessment of the
competitive scenarios and strategies in the global gas turbine services market,
including high-growth regions and/or countries, and political and economic
environments. The project report further
provides both – historical market values and pricing & cost analysis.
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