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Global Gas Turbine Services Market Size study, by Turbine Type (Heavy Duty, Industrial and Aeroderivative), by Turbine Capacity (<100 MW, 100 to 200 MW and >200 MW), by Type (Maintenance & Repair, Overhaul and Spare Parts Supply), by Provider (OEM and Non-OEM), by End-use (Power Generation, Oil & Gas and Other Industrial) and Regional Forecasts 2021-2027

  • BIZ4599868
  • 200 Pages
  • July 2021
  • Consumer Goods
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Global Gas Turbine Services Market is valued approximately at USD 28.55 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9.8% over the forecast period 2021-2027. The gas turbine services are comprised of using data management techniques, such as asset management and predictive analytics to assess the technological capability of turbines. Gas turbines requires periodic inspection, repair and replacement of parts to ensure optimum efficiency and reliability. Growing trend of multiyear service contracts signed by gas turbine users is pushing the market towards growth. Rising number of gas turbine installation growing the need for inspecting, maintaining and repairing services, growth in upgradation of aging fleet of gas turbine and rising production of shale gas are fueling the growth in the market. For instance, according to Statista, United States’ shale gas production is expected to be 80 billion cubic feet per day by 2040, as compared to 37 billion cubic feet per day in 2015. Also, in November 2019, Opra Turbines signed an order with Spirit Energy to deliver one OP16-3B gas turbine generator to replace existing Dresser Rand KG2-3C gas turbine. Furthermore, shift toward decentralized power distribution and digitization of gas turbines are expected to fuel the demand in market in coming years. However, more reliance on coal-based power generation in emerging economies such as India and China and limited natural gas reserves may hinder the growth during forecast period.

Among Asia Pacific, North America, Europe, Latin America, and Rest of the World, Asia Pacific is dominating the global market due to advancement in technology and growing urbanization in the region. Whereas, North America is expected to grow at the fastest pace during forecast period because of presence of large number of existing and aging gas turbine fleet in United States and Canada.

Major market player included in this report are:

General Electric (GE).

Siemens AG

Mitsubishi Hitachi Power Systems, Ltd.

Kawasaki Heavy Industries, Ltd.

Bharat Heavy Electricals Limited (BHEL)

Ansaldo Energia S.p.A.

Solar Turbines Incorporated

MAN Energy Solutions

Rolls-Royce plc

Centrax Gas Turbines

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Turbine Type:

Heavy Duty

Industrial

Aeroderivative

By Turbine Capacity:

<100 MW

100 to 200 MW

>200 MW

By Type:

Maintenance & Repair

Overhaul

Spare Parts Supply

By Provider:

OEM

Non-OEM

By End-use:

Power Generation

Oil & Gas

Other Industrial

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019

Base year – 2020

Forecast period – 2021 to 2027.

Target Audience of the Global Gas Turbine Services Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)

1.2.1. Gas Turbine Services Market, by Region, 2019-2027 (USD Billion)

1.2.2. Gas Turbine Services Market, by Turbine Type, 2019-2027 (USD Billion)

1.2.3. Gas Turbine Services Market, by Turbine Capacity, 2019-2027 (USD Billion)

1.2.4. Gas Turbine Services Market, by Type, 2019-2027 (USD Billion)

1.2.5. Gas Turbine Services Market, by Provider, 2019-2027 (USD Billion)

1.2.6. Gas Turbine Services Market, by End-use, 2019-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Gas Turbine Services Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Gas Turbine Services Market Dynamics

3.1. Gas Turbine Services Market Impact Analysis (2019-2027)

3.1.1. Market Drivers

3.1.1.1. Rising shale gas production

3.1.1.2. Growing upgradation of aging fleet of gas turbine

3.1.2. Market Restraint

3.1.2.1. More reliance on coal-based power generation in emerging economies

3.1.2.2. Limited natural gas reserve

3.1.3. Market Opportunities

3.1.3.1. Decentralization of power distribution

3.1.3.2. Digitization of gas turbines

Chapter 4. Global Gas Turbine Services Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Gas Turbine Services Market, by Turbine Type

5.1. Market Snapshot

5.2. Global Gas Turbine Services Market by Turbine Type, Performance - Potential Analysis

5.3. Global Gas Turbine Services Market Estimates & Forecasts by Turbine Type 2018-2027 (USD Billion)

5.4. Gas Turbine Services Market , Sub Segment Analysis

5.4.1. Heavy Duty

5.4.2. Industrial

5.4.3. Aeroderivative

Chapter 6. Global Gas Turbine Services Market, by Turbine Capacity

a. Market Snapshot

6.1. Global Gas Turbine Services Market by Turbine Capacity, Performance - Potential Analysis

6.2. Global Gas Turbine Services Market Estimates & Forecasts by Turbine Capacity 2018-2027 (USD Billion)

6.3. Gas Turbine Services Market, Sub Segment Analysis

6.3.1. <100 MW

6.3.2. 100 to 200 MW

6.3.3. >200 MW

Chapter 7. Global Gas Turbine Services Market, by Type

b. Market Snapshot

7.1. Global Gas Turbine Services Market by Type, Performance - Potential Analysis

7.2. Global Gas Turbine Services Market Estimates & Forecasts by Type 2018-2027 (USD Billion)

7.3. Gas Turbine Services Market, Sub Segment Analysis

7.3.1. Maintenance & Repair

7.3.2. Overhaul

7.3.3. Spare Parts Supply

Chapter 8. Global Gas Turbine Services Market, by Provider

c. Market Snapshot

8.1. Global Gas Turbine Services Market by Provider, Performance - Potential Analysis

8.2. Global Gas Turbine Services Market Estimates & Forecasts by Provider 2018-2027 (USD Billion)

8.3. Gas Turbine Services Market, Sub Segment Analysis

8.3.1. OEM

8.3.2. Non-OEM

Chapter 9. Global Gas Turbine Services Market, by End-use

d. Market Snapshot

9.1. Global Gas Turbine Services Market by End-use, Performance - Potential Analysis

9.2. Global Gas Turbine Services Market Estimates & Forecasts by End-use 2018-2027 (USD Billion)

9.3. Gas Turbine Services Market , Sub Segment Analysis

9.3.1. Power Generation

9.3.2. Oil & Gas

9.3.3. Other Industrial

Chapter 10. Global Gas Turbine Services Market, Regional Analysis

10.1. Gas Turbine Services Market, Regional Market Snapshot

10.2. North America Gas Turbine Services Market

10.2.1. U.S. Gas Turbine Services Market

10.2.1.1. Turbine Type breakdown estimates & forecasts, 2018-2027

10.2.1.2. Turbine Capacity breakdown estimates & forecasts, 2018-2027

10.2.1.3. Type breakdown estimates & forecasts, 2018-2027

10.2.1.4. Provider breakdown estimates & forecasts, 2018-2027

10.2.1.5. End-use breakdown estimates & forecasts, 2018-2027

10.2.2. Canada Gas Turbine Services Market

10.3. Europe Gas Turbine Services Market Snapshot

10.3.1. U.K. Gas Turbine Services Market

10.3.2. Germany Gas Turbine Services Market

10.3.3. France Gas Turbine Services Market

10.3.4. Spain Gas Turbine Services Market

10.3.5. Italy Gas Turbine Services Market

10.3.6. Rest of Europe Gas Turbine Services Market

10.4. Asia-Pacific Gas Turbine Services Market Snapshot

10.4.1. China Gas Turbine Services Market

10.4.2. India Gas Turbine Services Market

10.4.3. Japan Gas Turbine Services Market

10.4.4. Australia Gas Turbine Services Market

10.4.5. South Korea Gas Turbine Services Market

10.4.6. Rest of Asia Pacific Gas Turbine Services Market

10.5. Latin America Gas Turbine Services Market Snapshot

10.5.1. Brazil Gas Turbine Services Market

10.5.2. Mexico Gas Turbine Services Market

10.6. Rest of The World Gas Turbine Services Market

Chapter 11. Competitive Intelligence

11.1. Top Market Strategies

11.2. Company Profiles

11.2.1. General Electric (GE)

11.2.1.1. Key Information

11.2.1.2. Overview

11.2.1.3. Financial (Subject to Data Availability)

11.2.1.4. Product Summary

11.2.1.5. Recent Developments

11.2.2. Siemens AG

11.2.3. Mitsubishi Hitachi Power Systems, Ltd.

11.2.4. Kawasaki Heavy Industries, Ltd.

11.2.5. Bharat Heavy Electricals Limited (BHEL)

11.2.6. Ansaldo Energia S.p.A.

11.2.7. Solar Turbines Incorporated

11.2.8. MAN Energy Solutions

11.2.9. Rolls-Royce plc

11.2.10. Centrax Gas Turbines

Chapter 12. Research Process

12.1. Research Process

12.1.1. Data Mining

12.1.2. Analysis

12.1.3. Market Estimation

12.1.4. Validation

12.1.5. Publishing

12.2. Research Attributes

12.3. Research Assumption

List of Tables

TABLE 2. Global Gas Turbine Services Market , report scope

TABLE 3. Global Gas Turbine Services Market estimates & forecasts by region 2018-2027 (USD Billion)

TABLE 4. Global Gas Turbine Services Market estimates & forecasts by Turbine Type 2018-2027 (USD Billion)

TABLE 5. Global Gas Turbine Services Market estimates & forecasts by Turbine Capacity 2018-2027 (USD Billion)

TABLE 6. Global Gas Turbine Services Market estimates & forecasts by Type 2018-2027 (USD Billion)

TABLE 7. Global Gas Turbine Services Market estimates & forecasts by Provider 2018-2027 (USD Billion)

TABLE 8. Global Gas Turbine Services Market estimates & forecasts by End-use 2018-2027 (USD Billion)

TABLE 9. Global Gas Turbine Services Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 10. Global Gas Turbine Services Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 11. Global Gas Turbine Services Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 12. Global Gas Turbine Services Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 13. Global Gas Turbine Services Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 14. Global Gas Turbine Services Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 15. Global Gas Turbine Services Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 16. Global Gas Turbine Services Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 17. Global Gas Turbine Services Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 18. Global Gas Turbine Services Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 19. Global Gas Turbine Services Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 20. Global Gas Turbine Services Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 21. Global Gas Turbine Services Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 22. Global Gas Turbine Services Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 23. Global Gas Turbine Services Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 24. Global Gas Turbine Services Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 25. U.S. Gas Turbine Services Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 26. U.S. Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 27. U.S. Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 28. Canada Gas Turbine Services Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 29. Canada Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 30. Canada Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 31. UK Gas Turbine Services Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 32. UK Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 33. UK Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 34. Germany Gas Turbine Services Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 35. Germany Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 36. Germany Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 37. France Gas Turbine Services Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 38. France Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 39. France Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 40. Spain Gas Turbine Services Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 41. Spain Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 42. Spain Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 43. Italy Gas Turbine Services Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 44. Italy Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 45. Italy Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 46. ROE Gas Turbine Services Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 47. ROE Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 48. ROE Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 49. China Gas Turbine Services Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 50. China Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 51. China Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 52. India Gas Turbine Services Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 53. India Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 54. India Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 55. Japan Gas Turbine Services Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 56. Japan Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 57. Japan Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 58. Australia Gas Turbine Services Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 59. Australia Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 60. Australia Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 61. South Korea Gas Turbine Services Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 62. South Korea Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 63. South Korea Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 64. ROPAC Gas Turbine Services Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 65. ROPAC Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 66. ROPAC Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 67. Brazil Gas Turbine Services Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 68. Brazil Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 69. Brazil Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 70. Mexico Gas Turbine Services Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 71. Mexico Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 72. Mexico Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 73. ROLA Gas Turbine Services Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 74. ROLA Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 75. ROLA Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 76. ROW Gas Turbine Services Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 77. ROW Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 78. ROW Gas Turbine Services Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 79. List of secondary sources used in the study of global Gas Turbine Services Market .

TABLE 80. List of primary sources used in the study of global Gas Turbine Services Market .

TABLE 81. Years considered for the study.

TABLE 82. Exchange rates considered.

 
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