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Turbine Services Industry, Global, 2024–2035

Publisher Frost & Sullivan
Published Jul 11, 2025
SKU # MC20190542

Description

This Frost & Sullivan report focuses on the global turbine services industry, examining the factors that influence market shifts. While the global turbine services industry is relatively mature, there is significant potential for innovation in introducing advanced solutions. The turbine services market is projected to have a compound annual growth rate (CAGR) of 5.1% between 2024 and 2035, driven by increasing power demand and the need for new products to service an aging infrastructure. This demand will further boost original equipment manufacturer (OEM) sales and service revenues. The report analyzes the factors that drive and restrain market growth, identifying the trends that will shape the future of the industry. It also highlights key companies to watch in this space and tracks new entrants. The analysis emphasizes the transformative role digital technologies are expected to play in the industry and their impact on future contracting. Additionally, it outlines growth opportunities arising from changes in the market for industry players and stakeholders to leverage. The report is segmented by region, including North America; Europe; Latin America; Africa; the Middle East; China; India and other South Asian countries; ASEAN member states; East Asia; Australia & New Zealand (ANZ) and the Pacific; and Russia and other countries in the Commonwealth of Independent States (CIS). The base year for the report is 2024, and the forecast period extends from 2025 to 2035.

Table of Contents

    • Why is it Increasingly Difficult to Grow?
    • The Strategic Imperative 8TM
    • The Impact of the Top 3 Strategic Imperatives on the Turbine Services Industry
    • Growth Opportunities Fuel the Growth Pipeline EngineTM
    • Key Findings
    • Scope of Analysis
    • Geographical Scope
    • Competitive Environment-Gas Turbine Services
    • Competitive Environment-Steam Turbine Services
    • Key Competitors-Gas Turbines
    • Distribution Channels-Gas Turbine Services
    • Key Competitors-Steam Turbines
    • Distribution Channels-Steam Turbine Services
    • Growth Drivers
    • Growth Restraints
    • Growth Metrics
    • Forecast Considerations
    • Turbine Services-Revenue Forecast
    • Turbine Services-Spare Parts
    • Turbine Services-Maintenance and Services
    • Turbine Services-Digital Technologies
    • Turbine Services-Upgrades
    • Turbine Services-Operations
    • Growth Metrics
    • Turbine Services-Revenue Forecast
    • Percent Revenue by Industry Vertical
    • Revenue Forecast by Industry Vertical
    • Revenue Forecast by Service Vertical
    • Revenue Forecast Analysis
    • Revenue Forecast by Region
    • Regional Analysis
    • Revenue Share
    • Revenue Share Analysis
    • Growth Metrics
    • Turbine Services-Revenue Forecast
    • Percent Revenue by Industry Vertical
    • Revenue Forecast by Industry Vertical
    • Revenue Forecast by Service Vertical
    • Revenue Forecast Analysis
    • Revenue Forecast by Region
    • Regional Analysis
    • Revenue Share
    • Revenue Share Analysis
    • Company Overview-Siemens Energy
    • Company Overview-GE Vernova
    • Company Overview-Baker Hughes
    • Company Overview-Solar Turbines
    • Company Overview-MHI
    • Company Overview-Ethos Energy
    • Company Overview-Sulzer
    • Growth Opportunity 1: New Technology Development
    • Growth Opportunity 2: Partnerships, Mergers, and Acquisitions
    • Growth Opportunity 3: Spare Parts and Cybersecurity
    • Benefits and Impacts of Growth Opportunities
    • Next Steps

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