Press release
Gas Turbine Services Market to 2023 (4.1% CAGR Expected) Top Player Profiles – General Electric, Siemens, Mitsubishi Hitachi Power Systems, Wood Group and More
Over the next five years, LPI(LP Information) projects that Gas Turbine Services will register a 4.1% CAGR in terms of revenue, reach US$ 20000 million by 2023, from US$ 15700 million in 2017.
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The classification of gas turbine services includes heavy duty services and aero-derivative services, and the proportion of heavy duty services is about 79% in 2016, and the proportion is in increasing trend from 2012 to 2017.
Market competition is intense. General Electric, Siemens, Mitsubishi Hitachi Power Systems, Wood Group, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
This report presents a comprehensive overview, market shares and growth opportunities of Gas Turbine Services market by product type, application, key companies and key regions.
To calculate the market size, LP Information considers value generated from the sales of the following segments:
Segmentation by product type:
Heavy Duty Services
Aero-Derivative Services
Segmentation by application:
Power Generation
Oil & Gas
Others
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The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
General Electric
Siemens
Mitsubishi Hitachi Power Systems
Wood Group
Kawasaki Heavy Industries
Solar Turbines
Ansaldo Energia
MTU Aero Engines
Sulzer
MAN Diesel & Turbo
MJB International
Proenergy Services
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Gas Turbine Services market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Gas Turbine Services market by identifying its various subsegments.
Focuses on the key global Gas Turbine Services players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Gas Turbine Services with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Gas Turbine Services submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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