Gas
Turbine Services Market Highlights
The global gas turbine services
market is expected to grow at 5.15% CAGR during the forecast period. Gas
turbine services include maintenance, repair, overhaul, and supply of spare
parts. The growing need for reduced emissions and sustainable development has
increased the use of gas turbines to produce electricity from natural gas.
The gas turbine requires periodic
inspection, repair, and replacement of parts to achieve optimum efficiency and
reliability. The gas turbine services include a set of activities, which can be
applied to very minor work and to a major overhaul. It helps to reduce the
outages and maintenance costs while maintaining maximum flexibility and
reliability. It is used to monitor the operation and check the performance of
gas turbines through annual maintenance and repair.
According to EIA, at the end of
December 2017, there were 1,820 natural gas-powered electric power plants in
the US. Power plant owners usually commit to long term service contracts with
service providers. For instance, in January 2018, General Electric signed a
25-year agreement with a consortium formed between Macquarie Group Limited
(Australia) and Techint Group (Mexico), to provide complete maintenance and
service for the gas turbines and other equipment in their plant.
Top
Manufacturers:
The key players of the global gas
turbine services market are MAN SE (Germany), EthosEnergy (US), Proenergy
Services (US), Caterpillar (US), MJB International Limited LLC (UAE), Ansaldo
Energia (Italy), Sulzer Ltd (Switzerland), Mitsubishi Heavy Industries, Ltd
(Japan), BHI Energy (UK), General Electric (US), Siemens (Germany), Kawasaki
Heavy Industries Ltd (Japan), and MTU Aero Engines (Germany).
Segment
Analysis:
The global gas turbine services
market has been segmented based on type, service, end-use, and region.
On the basis of type, the market is
segmented into heavy duty, industrial, and aeroderivative.
On the basis of service, the market
is segmented into maintenance & repair, overhaul, and spare parts supply.
On the basis of end-use, the market
is classified into power generation, oil & gas, and others. The power
generation industry is expected to dominate the gas turbine services market due
to the increasing use of gas turbine in power plants and increase in natural
gas driven gas turbines for power generation, which is anticipated to drive the
market for gas turbine services, globally.
Access
Full Report at: https://www.marketresearchfuture.com/reports/gas-turbine-services-market-7271
Regional
Analysis
The global gas turbine services
market by region is segmented into North America, Asia-Pacific, Europe, the
Middle East & Africa, and South America. North America is expected to hold
the largest share in the global gas turbine services market during the forecast
period with 27.12% share. The US was the largest market in 2017, valued at USD
3,807.5 million. The growth in gas turbine services in North America can be
attributed to Canada, and Mexico, where the increasing use of gas turbine for
marine propulsion is increasing at a higher pace. The increasing production of
shale gas, growing seaborne trading, and increasing power generation from gas
turbines are some of the major factors contributing to the growth of the global
gas turbine service market
Scope
of the Report
This report offers an in-depth
analysis of the global gas turbine services market, tracking three market
segments across five geographic regions. The report studies key players,
providing a five-year annual trend analysis that highlights market size, and
share for North America, Asia-Pacific (APAC), Europe, the Middle East &
Africa, and South America. The report also provides a forecast, focusing on the
market opportunities for the next five years for each region. The scope of the
study segments the gas turbine services market by its type, services, end-use,
and by region.
About
Market Research Future:
At Market Research Future (MRFR),
we enable our customers to unravel the complexity of various industries through
our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw
Research Reports (3R), Continuous-Feed Research (CFR), and Market Research
& Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
No comments:
Post a Comment