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Growth Opportunities in the Global GasTurbine MRO Market in the Power Industry2016-2021: Trends, Forecast, andOpportunity Analysis

According to a new market report published by Lucintel, the future of the gas turbine maintenance,repair and overhaul market (MRO) market looks good with opportunities in the maintenancesegment. The global gas turbine MRO market in the power industry is forecast to grow at a CAGR- 3.9% from 2016 to 2021. The major drivers of growth for this market are the aging fleet of gasturbines and stringent government regulations on emission control.In this market, there are mainly three services practiced: maintenance, repair, and overhaul.Lucintel predicts that the maintenance service segment is likely to experience the highest growthin the forecast period supported by maintenance requirements for aging gas turbines. On the basis- comprehensive research, Lucintel forecasts that maintenance and repair market are expectedto show above average growth during the forecast period.

Amongst type of service providers there are three major segments: original equipmentmanufacturers, independent service providers and in-house. Within the gas turbine MRO market,the original equipment manufacturers (OEMs) segment is expected to remain as the largest market.

The long-term service agreements between OEMs and power producers are expected to spur thegrowth of this segment over the forecast period.

North America is expected to remain the largest market due to requirement of MRO services for alarge number of existing and aging gas turbines shipped to this region in the preceding years. NorthAmerica and Rest of the World are expected to show above-average growth during the forecastperiod due to an increasing number of aging fleet of gas turbines, and subsequently increasingservice agreements.

For market expansion, report suggests value added service to acquire more customers, by way ofservice agreements, broadening the scope of services, and increased interactions with customers.

Emerging trends, which have a direct impact on the dynamics of the industry, include the increasinglong term service agreements between OEMs and power producers and technologicaladvancement in gas turbine MRO services. GE, Siemens, and MHI are among the major MROservice providers for gas turbines in the power industry.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the globalgas turbine MRO market in the power industry by type of service, by type of service provider, andregion, and has come up with a comprehensive research report, “Growth Opportunities in the

Global Gas Turbine Maintenance, Repair and Overhaul Market in the Power Industry 2016-2021: Trends, Forecast and Opportunity Analysis.” The Lucintel report serves as a spring boardfor growth strategy as it provides a comprehensive data and analysis on trends, key drivers, anddirections. The study includes a forecast of the global gas turbine MRO market in the power industrythrough 2021, segmented by type of service, by type of service provider, and region as follows:

By type of service [Value ($ Billion) for 2010 – 2021]:

  • Maintenance
  • Repair
  • Overhaul
By type of service provider [Value ($ Billion) for 2010 – 2021]:
  • Original Equipment Manufacturers
  • Independent Service Providers
  • In-House
By region [Value ($ Billion) for 2010 – 2021]:
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
This report answers following 11 key questions:

Q. 1. How big the opportunities for the global gas turbine MRO market in the power industry bytype of service, service provider, and region?

Q. 2. Which product / segments will grow at a faster pace and why?

Q. 3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges ofthe market?

Q.5. What are the business risks and threats of this market?

Q.6. What are the emerging trends in this market and reasons behind them?

Q.7. What are some changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading thesedevelopments?

Q.9. Who are the major players in this market? What strategic initiatives are taken by key playersfor business growth?

Q.10. How is the competitive rivalry and threat of substitution in this market?

Q. 11. What M & A activities have transpired in the last 5 years in this market and describe theirimpact on the industry?

This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in this market.

This report will save hundreds of hours of your own personal research time and will significantlybenefit you in expanding your business in this market. In today’s stringent economy, you needevery advantage that you can find.

Features of This Report:

To make business, investment, and strategic decisions, you need timely, useful information. Thismarket report fulfills this core need and is an indispensable reference guide for multinationalmaterials suppliers, product manufacturers, investors, executives, distributors, and many more that
  • perate in this market.


  • Some of the features of “Growth Opportunities in the Global Gas Turbine MRO Market in the PowerIndustry 2016-2021: Trends, Forecast, and Opportunity Analysis” include:
    • Market size estimates: Growth opportunities in the global gas turbine MRO market size
    • estimation in the power industry in terms of value ($B).
    • Trend and forecast analysis: Global gas turbine MRO market trend (2010-2015) and forecast (2016-2021) in the power industry by region and segment.
    • Segmentation analysis: Global gas turbine MRO market in the power industry by type of service such as maintenance, repair and overhaul and by type of service provider such as OEMs, ISPs and In-House in terms of value.
    • Regional analysis: Global gas turbine MRO market in the power industry, breakdown by key regions such as North America, Europe, Asia Pacific, and Rest of the World.
    • Growth opportunities: Analysis on growth opportunities in different type of services, service providers and regions.
    • Strategic analysis: This includes M&A, competitive landscape, and expansion strategies in the gas turbine MRO market for the power industry.
    • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.


    1. Executive Summary
    2. Industry Background and Characteristics
    2.1: Introduction
    2.2: Overview of Gas Turbine MRO
    2.2.1: Maintenance Activities for Gas Turbines
    2.2.2: Repair Activities of Gas Turbines
    2.2.3: Overhaul Activities of Gas Turbines
    2.3: Supply Chain
    3. Market Trends and Forecast Analysis
    3.1: Market Analysis: 2014
    3.1.1: The Global Gas Turbine MRO Market by Type of Service
    3.1.2: The Global Gas Turbine MRO Market by Region
    3.1.3: Regional Gas Turbine MRO Market by Type of Services in 2015
    3.1.4: The Global Gas Turbine MRO Market by Type of Service Provider in 2015
    3.2: Market Trends from 2010 to 2015
    3.2.1: Macroeconomic Trends
    3.2.2: The Global Gas Turbine MRO Market Trends
    3.2.3: Industry Drivers and Challenges
    3.3: Market Forecast 2016-2021
    3.3.1: Macroeconomic Forecast
    3.3.2: The Global Gas Turbine MRO Market Forecast
    4. Competitor Analysis
    4.1: Market Share Analysis
    4.2: Geographical Reach
    4.3: Operational Integration
    4.4: Porter’s Five Forces Analysis
    5. Growth Opportunity and Strategic Analysis
    5.1: Growth Opportunity Analysis
    5.1.1: Growth Opportunities for the Global Gas Turbine MRO Market
    5.2: Emerging Trends in the Global Gas Turbine MRO Market
    5.3: Strategic Analysis
    5.3.1: Expansion Strategy
    5.4: Mergers and Acquisitions in the Global Gas Turbine MRO Industry
    6. Company Profiles of Leading Players
    List of Figures
    Chapter 2. Industry Background and Characteristics
    Figure 2.1: Gas Turbine Power Plant
    Figure 2.2: GE Heavy Duty Gas Turbine
    Figure 2.3: Components of Gas Turbine
    Figure 2.4: Compressor of Gas Turbine
    Figure 2.5: Combustor of Gas Turbine
    Figure 2.6: Turbine of Gas Turbine
    Figure 2.7: Shaft of Gas Turbine
    Figure 2.8: Types of Gas Turbine in Power Industry
    Figure 2.9: An Open Cycle Unit Diagram
    Figure 2.10: A Proposed Natural Gas Combined Cycle Power Plant in New York
    Figure 2.11: A Combined Cycle Unit Diagram
    Figure 2.12: Systematic Process of Electricity Generation and Distribution
    Figure 2.13: Gas Turbine MRO Structure
    Figure 2.14: Gas Turbine at MTU Maintenance Berlin-Brandenburg / Germany
    Figure 2.15: Supply Chain of Gas Turbine MRO Market
    Chapter 3. Market Trends and Forecast Analysis
    Figure 3.1: The Global Gas Turbine MRO Market ($ Billion) Distribution by Type of
    Service in 2015
    Figure 3.2: The Global Gas Turbine MRO Market ($ Billion) by Type of Service in 2015
    Figure 3.3: The Global Gas Turbine MRO Market ($ Billion) Distribution by Region in 2015
    Figure 3.4: The Global Gas Turbine MRO Market ($ Billion) by Region in 2015
    Figure 3.5: Regional Gas Turbine MRO Market ($ Billion) by Type of Services
    Figure 3.6: The Global Gas Turbine MRO Market ($ Billion) Distribution by Type of Service Provider in 2015
    Figure 3.7: The Global Gas Turbine MRO Market ($ Billion) by Type of Service Provider in 2015
    Figure 3.8: Global Natural Gas Price (USD/mmbtu) Trends from 2010 to 2015
    Figure 3.9: Global GDP Growth Rate Trends
    Figure 3.10: Trends of Regional GDP Growth Rate
    Figure 3.11: The Global Gas Turbine MRO Market ($ Billion) Trends from 2010 to 2015
    Figure 3.12: The Global Gas Turbine MRO Market ($ Billion) Trends by Type of Service
    from 2010 to 2015
    Figure 3.13: Year-over-Year Growth Rate of the Global Gas Turbine MRO Market ($
    Billion) by Type of Service from 2014 to 2015
    Figure 3.14: CAGR of the Global Gas Turbine MRO Market ($Billion) by Type of Service from 2010 to 2015
    Figure 3.15: The Global Gas Turbine MRO Market ($ Billion) Trends by Region from 2010 to 2015
    Figure 3.16: Year-over-Year Growth Rate of the Global Gas Turbine MRO Market by Region from 2014 to 2015
    Figure 3.17: CAGR of the Global Gas Turbine MRO Market by Region from 2010 to 2015
    Figure 3.18: The Global Gas Turbine MRO Market ($ Billion) Trends by Type of Service Provider from 2010 to 2015
    Figure 3.19: Year-over-Year Growth Rate of the Global Gas Turbine MRO Market by Type of Service Provider from 2014 to 2015
    Figure 3.20: CAGR of the Global Gas Turbine MRO Market by Type of Service Provider from 2014 to 2015
    Figure 3.21: Drivers and Challenges of the Global Gas Turbine MRO Market
    Figure 3.22: Global Natural Gas Price Forecast from 2016 to 2020
    Figure 3.23: Forecast of Global GDP Growth Rate
    Figure 3.24: Forecast of Regional GDP Growth Rate
    Figure 3.25: The Global Gas Turbine MRO Market ($ Billion) Forecast from 2016 to 2021
    Figure 3.26: The Global Gas Turbine MRO Market ($ Billion) Forecast by Type of Service
    from 2016 to 2021
    Figure 3.27: Year-over-Year Growth Rate of the Global Gas Turbine MRO Market by Type of Service from 2015 to 2016
    Figure 3.28: CAGR of the Global Gas Turbine MRO Market by Type of Service from 2016 to 2021
    Figure 3.29: The Global Gas Turbine MRO Market ($ Billion) Forecast by Region from 2016 to 2021
    Figure 3.30: Year-over-Year Growth Rate of the Global Gas Turbine MRO Market by Region from 2015 to 2016
    Figure 3.31: CAGR of the Global Gas Turbine MRO Market by Region from 2016 to 2021
    Figure 3.32: The Global Gas Turbine MRO Market ($ Billion) Forecast by Type of Service
    Provider from 2016 to 2021
    Figure 3.33: Year-over-Year Growth Rate of the Global Gas Turbine MRO Market ($
    Billion) by Type of Service Provider from 2016 to 2021
    Figure 3.34: CAGR of the Global Gas Turbine MRO Market ($ Billion) by Type of Service
    Provider from 2016 to 2021
    Chapter 4. Competitor Analysis
    Figure 4.1: Market Share of Top Players of the Global Gas Turbine MRO Market in 2014
    Figure 4.2: Geographical Footprint of Competitors in the Global Gas Turbine MRO Market
    Figure 4.3: Porter’s Five Forces Model for the Global Gas Turbine MRO Market
    Chapter 5. Growth Opportunity and Strategic Analysis
    Figure 5.1: Growth Opportunities in the Global Gas Turbine MRO Market by Type of Service from 2016 to 2021
    Figure 5.2: Growth Opportunities in the Global Gas Turbine MRO Market by Region from 2016 to 2021
    Figure 5.3: Growth Opportunities in the Global Gas Turbine MRO Market by Type of Service Provider from 2016 to 2021
    Figure 5.4: Emerging Trends in the Global Gas Turbine MRO Market
    Figure 5.5: Capacity Expansion by Major Players in the Global Gas Turbine MRO Market
    Figure: 5.6: Strategic Initiatives by Major Competitors in 2015
    Figure: 5.7: Strategic Initiatives by Major Competitors in 2014
    Figure: 5.8 Year-over-Year Study of the Strategic Initiatives in the Global Gas Turbine MRO Market
    List of Tables
    Chapter 1. Executive Summary
    Table 1.1: Gas Turbine MRO Market Parameters and Attributes
    Chapter 2. Industry Background and Characteristics
    Table 2.1: Development in Gas Turbine
    Table 2.2: Major In-house Maintenance Activities and their Frequencies
    Chapter 3. Market Trends and Forecast Analysis
    Table 3.1: The Global Gas Turbine MRO Market Trends from 2010 to 2015
    Table 3.2: Average Growth Rates for One, Three, and Five Years in the Global Gas Turbine MRO Market in Terms of Value Shipment ($ Billion)
    Table 3.3: Market Size and Growth Rates of the Global Gas Turbine MRO Market by Type of Service from 2014 to 2015
    Table 3.4: Market Size and CAGR of the Global Gas Turbine MRO Market by Type of Service during Last Five Years (2010 to 2015)
    Table 3.5: Market Size and Growth Rates of the Global Gas Turbine MRO Market by Region from 2014 to 2015
    Table 3.6: Market Size and CAGR of the Global Gas Turbine MRO Market by Region during Last Five Years (2010 to 2015)
    Table 3.7: Market Size and Growth Rates of the Global Gas Turbine MRO Market by Type of Service Provider from 2014 to 2015
    Table 3.8: Market Size and CAGR of the Global Gas Turbine MRO Market by Type of Service Provider during Last Five Years (2010 to 2015)
    Table 3.9: The Global Gas Turbine MRO Market Trends from 2010 to 2015
    Table 3.10: Average Growth Rates for One, Three, and Five years in the Global Gas Turbine MRO Market in Terms of Value Shipment ($ Billion)
    Table 311: Market Size and Growth Rates of the Global Gas Turbine MRO Market by Type of Service from 2015 to 2016
    Table 3.12: Market Size and CAGR of the Global Gas Turbine MRO Market by Type of Service during Next Five Years (2016 to 2021) in
    Table 3.13: Market Size and Growth Rates of the Global Gas Turbine MRO Market by Region from 2015 to 2016
    Table 3.14: Market Size and CAGR of the Global Gas Turbine MRO Market by Region during the Next Five Years (2016 to 2021)
    Table 3.15: Market Size and Growth Rates of the Global Gas Turbine MRO Market by Type of Service Providers from 2015 to 2016
    Table 3.16: Market Size and CAGR of the Global Gas Turbine MRO Market by Type of Service Provider during the Next Five Years (2016 to 2021)
    Chapter 4. Competitor Analysis
    Table: 4.1: Rankings of Gas Turbine MRO Suppliers Based on Revenue
    Table 4.2: Operational Integration of the Global Gas Turbine MRO Service Providers
    Chapter 5. Growth Opportunity and Strategic Analysis
    Table: 5.1 Capability Enhancement Activities by Competitors
    Table 5.2: Segmentation of Strategic Initiatives by Major Players in 2015
    Table 5.3: Segmentation of Strategic Initiatives by Major Players in 2015
    Table 5.4: Market Expansion Analysis of Major Players
    Table: 5.5 Types of Market Expansion Activities by Competitors

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