Global Gas Turbine Services Market Expected to Surpass CAGR of 4.50% During the Forecast Period 2018-2023 | MRFR

Mar 20, 2019

The Gas Turbine Services Market research report summarizes market review of the key segments in the market such as by type, by service, by service provider, end-user and region – global forecast till 2023

Pune, India - March 20, 2019 /MarketersMedia/ —

The global gas turbine services market is projected to grow at a high rate during the forecast period, mainly due to the stringent emission norms for gas turbine and shale gas production boom. According to EIA, the accelerating pace of technological advancement in the oil & gas industry would result in growing per well recoveries and increase in the production of shale gas. Gas turbine Services include maintenance, repair, and overhaul services of gas turbines installed in power generation, oil & gas, and other industries including commercial sector. These 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.

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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.

Segmental Analysis of Gas Turbine Service Market

Global gas turbine services market has been segmented based on type, service, service provider, end-user, and region.

Based on type, the industry is classified into heavy duty and aeroderivative.

Based on service, the market is classified into maintenance, repair, and overhaul.

Based on end-user, the global gas turbine services market including power generation, oil & gas, and other industrial.

By Region, the industry is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

Regional Analysis

Region wise, North America held the largest market share of the global gas turbine services market in 2017. Large number of ageing gas turbines fleet especially in the US and Canada would drive the market for gas turbine services. Large number of long-term service agreements for gas turbine services are also seen this region. In addition, demand for gas turbine services for mechanical drive application for process industry would have a positive impact on gas turbines services market in North America.

Companies Covered

The key players of the 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.

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LIST OF TABLES

Table 1 Global Gas Turbine Services Market, By Region, 2016-2023 (USD Million)

Table 2 North America Gas Turbine Services Market, By Country, 2016-2023 (USD Million)

Table 3 Europe Gas Turbine Services Market, By Country, 2016-2023 (USD Million)

Table 4 Asia-Pacific Gas Turbine Services Market, By Country, 2016-2023 (USD Million)

Table 5 Middle East & Africa Gas Turbine Services Market, By Country, 2016-2023 (USD Million)

Table 6 South America Gas Turbine Services Market, By Country, 2016-2023 (USD Million)

Table 7 Global Gas Turbine Services Market, By Type, 2016-2023 (USD Million)

Table 8 North America Gas Turbine Services Market, By Type, 2016-2023 (USD Million)

Continue……

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Source URL: https://marketersmedia.com/global-gas-turbine-services-market-expected-to-surpass-cagr-of-450-during-the-forecast-period-2018-2023-mrfr/494008

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