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Gas Turbine Service market is expected to reach 22600 million US$ by the end of 2025, with a CAGR of 4.0% during 2018-2025

10-16-2018 10:30 AM CET | Industry, Real Estate & Construction

Press release from: QYresearchreports

Gas Turbine Service market is expected to reach 22600 million US$

Qyresearchreports include new market research report "Global Gas Turbine Service Market Size, Status and Forecast 2018-2025" to its huge collection of research reports.

This report focuses on the global Gas Turbine Service status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Gas Turbine Service development in United States, Europe and China.

In this report, we study the services for gas turbine. Stringent emission regulations for gas turbines and upgradation of aging fleet of gas turbine drive the market for gas turbine Services.

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.

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 2017, and the proportion is in increasing trend from 2013 to 2017.

Gas turbine services are for power generation, oil & gas and other field. The most proportion of gas turbine services is for power generation, and the revenue in 2017 is about 7.94 billion USD.

To Download Sample Report With TOC: https://www.qyresearchreports.com/sample/sample.php?rep_id=1917821&type=S

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.

In 2017, the global Gas Turbine Service market size was 16500 million US$ and it is expected to reach 22600 million US$ by the end of 2025, with a CAGR of 4.0% during 2018-2025.

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
Other

Complete report with detailed table of content is available at: https://www.qyresearchreports.com/report/global-gas-turbine-service-market-size-status-and-forecast-2018-2025.htm

The study objectives of this report are:
To analyze global Gas Turbine Service status, future forecast, growth opportunity, key market and key players.
To present the Gas Turbine Service development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.

About Us
QYResearchReports.com delivers the latest strategic market intelligence to build a successful business footprint in China. Our syndicated and customized research reports provide companies with vital background information of the market and in-depth analysis on the Chinese trade and investment framework, which directly affects their business operations. Reports from QYResearchReports.com feature valuable recommendations on how to navigate in the extremely unpredictable yet highly attractive Chinese market.

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