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Gas Turbine Services Market by Type (Heavy Duty, and Aero-Derivative), Service (Maintenance, Repair, and Overhaul), End-User (Power Generation, Oil & Gas), Service Provider (OEM, and NON-OEM), and Region - Global Forecast to 2021

Gas Turbine Services Market by Type (Heavy Duty, and Aero-Derivative), Service (Maintenance, Repair, and Overhaul), End-User (Power Generation, Oil & Gas), Service Provider (OEM, and NON-OEM), and Region - Global Forecast to 2021

“Gas turbine services market is projected to grow at a CAGR of 4.1% from 2016 to 2021”
The gas turbine services market is projected to reach USD 18.45 billion by 2021, growing at a CAGR of 4.1% from 2016 to 2021. Gas turbine services are done for both heavy-duty and aero-derivative type of gas turbines. Rise in gas turbine installation for combined cycle plants, along with the upgradation of current gas turbine fleet drives the market for gas turbines services for power generation segment. Increasing focus on renewable energy for power generation restricts the market growth for gas turbines services.

“Power generation segment is expected to dominate the gas turbine services industry during the forecast period”
On the basis of end-user segment, the market for power generation segment is expected to dominate the gas turbine services market. Majority of the demand comes from the North American region, especially from the U.S. where upgradation of aging fleet of gas turbines is required. Also, the demand for gas turbine services will be increasing in Far East region of Asia-Pacific with large number of gas turbine installation in 2015. Thus, power generation segment dominated the gas turbine services market and is expected to dominate during the forecast period. The gas turbine services market is dominated by the power generation industry. However, the turbine services for metal processing and chemicals is expected to project fastest CAGR during the forecast period. The growth is attributed to the increased installation of aero-derivative gas turbines in industries such as metal processing and chemicals.

“North America: The largest market for gas turbine services, whereas Middle East & Africa growing at the highest rate”
North America is currently the largest market for gas turbine services, closely followed by the Asia-Pacific. The gas turbine services market in North America is primarily driven by the demand of gas turbine services from the U.S. The current emission norms imposed by EPA on gas turbines and aging fleet upgrades are potential drivers for gas turbine services.
The U.S. is the potential market for gas turbine services contributing about two-third of North American gas turbine services market during the forecast period. The Middle East & Africa is expected to grow at a fastest CAGR owing to the rise in gas turbine installations for combined cycle power plants in countries such as Saudi Arabia, and UAE.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 35%, Tier 2- 45%, Tier 3- 20%
By Designation: C-Level- 35%, D-Level- 25%, Others- 40%
By Region: Middle East- 35%, North America- 30%, Asia-Pacific- 20%, Europe- 10%, Rest of the World- 5%
Note: The tier of the companies has been defined on the basis of their total revenue, as of 2015: Tier 1 = >USD 20 billion, Tier 2 = From USD 10 billion to USD 20 billion, and Tier 3 = <USD 10 billion
The leading players in the gas turbine services market include General Electric Company (U.S.), Siemens AG (Germany), EthosEnergy (U.K), Sulzer AG (Switzerland) and Ansaldo Energia, SpA (Italy).

Research Coverage:
The gas turbine services market has been segmented on the basis of type, service, end-user, service provider. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of major market drivers, restraints, opportunities, challenges, and technological overview. It also covers various important aspects of the market. The global gas turbine services market is analyzed with respect to five regions, namely, North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.

Why buy this report?
1. The report identifies and addresses key markets for gas turbine services market, which is useful for service providers to review the growth in demand for the product.
2. The report helps solution providers to understand the pulse of the market and provides insights on drivers, restraints, and challenges.
3. The report will help key players to better understand the competition’s strategies and will help in making strategic decisions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKETS COVERED
      • COUNTRIES COVERED
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
      • ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • INTRODUCTION
    • CURRENT SCENARIO
    • FUTURE TRENDS
    • CONCLUSION
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES FOR GAS TURBINE SERVICES
    • NORTH AMERICA: POTENTIAL MARKET TO INVEST DURING THE FORECAST PERIOD
    • POWER GENERATION & MAINTENANCE SEGMENT DOMINATED THE GAS TURBINE SERVICES MARKET IN 2015
    • GAS TURBINE SERVICES MARKET, BY SERVICE, 2016-2021
    • NORTH AMERICA TO DOMINATE GAS TURBINE SERVICES FOR POWER GENERATION SEGMENT
    • GAS TURBINE SERVICES MARKET, BY TYPE
  • MARKET OVERVIEW
    • INTRODUCTION
    • GAS TURBINE SERVICES MARKET: MARKET SEGMENTATION
      • BY TYPE
      • BY SERVICE PROVIDER
      • BY SERVICE
      • BY END-USER
      • BY REGION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • TECHNICAL OVERVIEW
  • GAS TURBINE SERVICES MARKET, BY TYPE
    • INTRODUCTION
      • Table GAS TURBINE SERVICES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
    • HEAVY DUTY TYPE
      • Table HEAVY DUTY: GAS TURBINE SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • AERODERIVATIVE TYPE
      • Table AERODERIVATIVE: GAS TURBINE SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • GAS TURBINE SERVICES MARKET, BY SERVICE
    • INTRODUCTION
      • Table GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
    • MAINTENANCE
      • Table MAINTENANCE: GAS TURBINE SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • REPAIR
      • Table REPAIR & OVERHAUL: GAS TURBINE SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • OVERHAUL
      • Table OVERHAUL: GAS TURBINE SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • GAS TURBINE SERVICES MARKET, BY END-USER
    • INTRODUCTION
      • Table GAS TURBINE SERVICES MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
    • POWER GENERATION
      • Table POWER GENERATION: GAS TURBINE SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • OIL & GAS
      • Table OIL & GAS: GAS TURBINE SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • OTHER INDUSTRIAL
      • Table OTHER INDUSTRIAL: GAS TURBINE SERVICES MARKET SIZE, BY REGION, 2014-2021(USD MILLION)
  • GAS TURBINE SERVICES MARKET, BY SERVICE PROVIDER
    • INTRODUCTION
      • Table GAS TURBINE SERVICES MARKET SIZE, BY SERVICE PROVIDER, 2014-2021 (USD MILLION)
    • OEM SERVICE PROVIDERS
      • Table OEM SERVICE PROVIDER: GAS TURBINE SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • NON-OEM SERVICE PROVIDERS
      • Table NON-OEM SERVICE PROVIDERS: GAS TURBINE SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • GAS TURBINE SERVICES MARKET, BY REGION
    • INTRODUCTION
      • Table GAS TURBINE SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • ASIA-PACIFIC
      • BY TYPE
        • Table ASIA-PACIFIC: GAS TURBINE SERVICES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • BY SERVICE PROVIDER
        • Table ASIA-PACIFIC: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE PROVIDER, 2014-2021 (USD MILLION)
      • BY END-USER
        • Table ASIA-PACIFIC: GAS TURBINE SERVICES MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
      • BY SERVICE
        • Table ASIA-PACIFIC: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE , 2014-2021 (USD MILLION)
      • BY COUNTRY
        • Table ASIA-PACIFIC: GAS TURBINE SERVICES MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
        • Table CHINA: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
        • Table INDIA: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
        • Table JAPAN: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
        • Table SOUTH KOREA: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
        • Table REST OF ASIA-PACIFIC: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
    • EUROPE
      • BY TYPE
        • Table EUROPE: GAS TURBINE SERVICES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • BY SERVICE PROVIDER
        • Table EUROPE: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE PROVIDER, 2014-2021 (USD MILLION)
      • BY END USER
        • Table EUROPE: GAS TURBINE SERVICES MARKET SIZE, BY END-USER, 2014-2021(USD MILLION)
      • BY SERVICE
        • Table EUROPE: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
      • BY COUNTRY
        • Table EUROPE: GAS TURBINE SERVICES MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
        • Table RUSSIA: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
        • Table U.K.: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
        • Table ITALY: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
        • Table GERMANY: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
        • Table REST OF EUROPE: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
    • NORTH AMERICA
      • BY TYPE
        • Table NORTH AMERICA: GAS TURBINE SERVICES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • BY SERVICE PROVIDER
        • Table NORTH AMERICA: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE PROVIDER, 2014-2021 (USD MILLION)
      • BY END-USER
        • Table NORTH AMERICA: GAS TURBINE SERVICES MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
      • BY SERVICE
        • Table NORTH AMERICA: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
      • BY COUNTRY
        • Table NORTH AMERICA: GAS TURBINE SERVICES MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
        • Table U.S.: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
        • Table CANADA: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • BY TYPE
        • Table MIDDLE EAST & AFRICA: GAS TURBINE SERVICES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • BY SERVICE PROVIDER
        • Table MIDDLE EAST & AFRICA: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE PROVIDER, 2014-2021 (USD MILLION)
      • BY END USER
        • Table MIDDLE EAST & AFRICA: GAS TURBINE SERVICES MARKET SIZE, BY END USER, 2014-2021 (USD MILLION)
      • BY SERVICE
        • Table MIDDLE EAST & AFRICA: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
      • BY COUNTRY
        • Table MIDDLE EAST & AFRICA: GAS TURBINE SERVICES MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
        • Table SAUDI ARABIA: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
        • Table UAE: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
        • Table IRAN: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
        • Table EGYPT: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
        • Table REST OF MIDDLE EAST & AFRICA: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
    • LATIN AMERICA
      • BY TYPE
        • Table LATIN AMERICA: GAS TURBINE SERVICES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • BY SERVICE PROVIDER
        • Table LATIN AMERICA: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE PROVIDER, 2014-2021 (USD MILLION)
      • BY END-USER
        • Table LATIN AMERICA: GAS TURBINE SERVICES MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
      • BY SERVICE
        • Table LATIN AMERICA: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
      • BY COUNTRY
        • Table LATIN AMERICA: GAS TURBINE SERVICES MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
        • Table MEXICO: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
        • Table ARGENTINA: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
        • Table BRAZIL: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
        • Table REST OF LATIN AMERICA: GAS TURBINE SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE SITUATION & TRENDS
    • CONTRACTS & AGREEMENTS
      • Table CONTRACTS & AGREEMENTS, 2014-2016
    • MERGERS & ACQUISITIONS
      • Table MERGERS & ACQUISITIONS, 2015-2016
    • EXPANSIONS
      • Table EXPANSIONS, 2016
    • OTHER DEVELOPMENTS
      • Table OTHER DEVELOPMENTS, 2014-2016
  • COMPANY PROFILES
    • INTRODUCTION
    • ETHOSENERGY
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • DEVELOPMENTS, 2014-2016
      • SWOT ANALYSIS
      • MNM VIEW
    • GENERAL ELECTRIC COMPANY
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • DEVELOPMENTS, 2014-2016
      • SWOT ANALYSIS
      • MNM VIEW
    • SIEMENS AG
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • DEVELOPMENTS, 2014-2016
      • SWOT ANALYSIS
      • MNM VIEW
    • SULZER AG
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • DEVELOPMENTS, 2014-2015
      • SWOT ANALYSIS
      • MNM VIEW
    • ANSALDO ENERGIA SPA
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • DEVELOPMENTS, 2014-2015
    • HPI LLC
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
    • KAWASAKI HEAVY INDUSTRIES LTD.
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
    • MAN DIESEL & TURBO SE
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
    • MJB INTERNATIONAL
      • BUSINESS OVERVIEW
      • SERVICES PROVIDED
      • DEVELOPMENTS, 2015
    • MECHANICAL DYNAMICS & ANALYSIS
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
    • MITSUBISHI HITACHI POWER SYSTEMS
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • DEVELOPMENTS, 2016
    • MTU AERO ENGINES AG
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • DEVELOPMENTS, 2016
    • PROENERGY SERVICES LLC
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • DEVELOPMENTS, 2014-2016
    • SOLAR TURBINES, INCORPORATED
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • DEVELOPMENTS, 2015
    • TURBINE SERVICES AND SOLUTIONS LLC
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • DEVELOPMENTS, 2014-2016
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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