Global Gas Turbine Services Market Size, Status and Forecast 2020-2026
A gas turbine, also called a combustion turbine, is a type of internal combustion engine. It has an upstream rotating compressor coupled to a downstream turbine, and a combustion chamber or area, called a combustor, in between.
Middle East region enjoys largest revenue market share in the world, with a revenue market share nearly 31.8% in 2017. Following Middle East, North America is the second largest place with the revenue market share of 24.9%. North America has large number of existing and aging gas turbines fleet in the U.S. and Canada. 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 will also drive the market for gas turbines services in North America.
Market Analysis and Insights: Global Gas Turbine Services Market
In 2019, the global Gas Turbine Services market size was US$ 17940 million and it is expected to reach US$ 23680 million by the end of 2026, with a CAGR of 4.0% during 2021-2026.
Global Gas Turbine Services Scope and Market Size
Gas Turbine Services market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Gas Turbine Services market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Gas Turbine Services market is segmented into Heavy Duty Services, Aero-Derivative Services, etc.
Segment by Application, the Gas Turbine Services market is segmented into Power Generation, Oil & Gas, etc.
Regional and Country-level Analysis
The Gas Turbine Services market is analysed and market size information is provided by regions (countries).
The key regions covered in the Gas Turbine Services market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.
Gas Turbine Services market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Gas Turbine Services business, the date to enter into the Gas Turbine Services market, Gas Turbine Services product introduction, recent developments, etc.
The major vendors include General Electric, Mitsubishi Hitachi Power Systems, Siemens, Wood Group, Kawasaki Heavy Industries, Solar Turbines, MTU Aero Engines, Ansaldo Energia, Sulzer, MAN Diesel & Turbo, MJB International, Proenergy Services, etc.
This report focuses on the global Gas Turbine Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Gas Turbine Services development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
General Electric
Mitsubishi Hitachi Power Systems
Siemens
Wood Group
Kawasaki Heavy Industries
Solar Turbines
MTU Aero Engines
Ansaldo Energia
Sulzer
MAN Diesel & Turbo
MJB International
Proenergy Services
Heavy Duty Services
Aero-Derivative Services
Power Generation
Oil & Gas
North America
Europe
China
Japan
Southeast Asia
India
Central & South America
To analyze global Gas Turbine Services status, future forecast, growth opportunity, key market and key players.
To present the Gas Turbine Services development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of Gas Turbine Services are as follows:
History Year: 2015-2019
2019
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Middle East region enjoys largest revenue market share in the world, with a revenue market share nearly 31.8% in 2017. Following Middle East, North America is the second largest place with the revenue market share of 24.9%. North America has large number of existing and aging gas turbines fleet in the U.S. and Canada. 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 will also drive the market for gas turbines services in North America.
Market Analysis and Insights: Global Gas Turbine Services Market
In 2019, the global Gas Turbine Services market size was US$ 17940 million and it is expected to reach US$ 23680 million by the end of 2026, with a CAGR of 4.0% during 2021-2026.
Global Gas Turbine Services Scope and Market Size
Gas Turbine Services market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Gas Turbine Services market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Gas Turbine Services market is segmented into Heavy Duty Services, Aero-Derivative Services, etc.
Segment by Application, the Gas Turbine Services market is segmented into Power Generation, Oil & Gas, etc.
Regional and Country-level Analysis
The Gas Turbine Services market is analysed and market size information is provided by regions (countries).
The key regions covered in the Gas Turbine Services market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.
Competitive Landscape
and Gas Turbine Services Market Share AnalysisGas Turbine Services market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Gas Turbine Services business, the date to enter into the Gas Turbine Services market, Gas Turbine Services product introduction, recent developments, etc.
The major vendors include General Electric, Mitsubishi Hitachi Power Systems, Siemens, Wood Group, Kawasaki Heavy Industries, Solar Turbines, MTU Aero Engines, Ansaldo Energia, Sulzer, MAN Diesel & Turbo, MJB International, Proenergy Services, etc.
This report focuses on the global Gas Turbine Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Gas Turbine Services development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
The key players covered in this study
General Electric
Mitsubishi Hitachi Power Systems
Siemens
Wood Group
Kawasaki Heavy Industries
Solar Turbines
MTU Aero Engines
Ansaldo Energia
Sulzer
MAN Diesel & Turbo
MJB International
Proenergy Services
Market segment by Type, the product can be split into
Heavy Duty Services
Aero-Derivative Services
Market segment by Application, split into
Power Generation
Oil & Gas
Market segment by Regions/Countries, this report covers
North America
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Gas Turbine Services status, future forecast, growth opportunity, key market and key players.
To present the Gas Turbine Services development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of Gas Turbine Services are as follows:
History Year: 2015-2019
Base Year:
2019Estimated Year:
2020Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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