Gas Turbine Services Market Outlook to 2023 – 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

Oct 2018, New York USA (News)- Over the next five years, Research Reports Inc. 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.
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.

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In this report, Research Reports Inc. studies the present scenario (with the base year being 2017) and the growth prospects of global Gas Turbine Services market for 2018-2023.
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.

Major Market Players
• 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

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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.
Segmentation by product type:
Heavy Duty Services
Aero-Derivative Services
Segmentation by application:
Power Generation
Oil & Gas
Others

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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).

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