Press release
What's driving the Gas Turbine Services Market trends? Ansaldo Energia, Systems, General Electric, Mitsubishi Hitachi Power Systems, Siemens, Wood Group, Kawasaki Heavy Industries, Solar Turbines, MTU Aero Engines, Sulzer, MAN Diesel & Turbo, MJB Internat
Gas Turbine Services Market
According to this study, over the next five years the Gas Turbine Services market will register a 4.1% CAGR in terms of revenue, the global market size will reach US$ 21000 million by 2024, from US$ 16500 million in 2019. In particular, this report presents the global revenue market share of key companies in Gas Turbine Services business,
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The key manufacturers covered in this report:
o General Electric
o Mitsubishi Hitachi Power Systems
o Siemens
o Wood Group
o Kawasaki Heavy Industries
o Solar Turbines
o MTU Aero Engines
o Ansaldo Energia
o Sulzer
o MAN Diesel & Turbo
o MJB International
o Proenergy 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.
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 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. This study considers the Gas Turbine Services value generated from the sales of the following segments:
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Segmentation by product type:
Heavy Duty Services
Aero-Derivative Services
Segmentation by application:
Power Generation
Oil & Gas
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
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 2014 to 2018, and forecast to 2024.
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.
Table of Contents
2019-2024 Global Gas Turbine Services Market Report (Status and Outlook)
1 Scope of the Report
2 Executive Summary
3 Global Gas Turbine Services by Players
4 Gas Turbine Services by Regions
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Global Gas Turbine Services Market Forecast
11 Key Players Analysis
12 Research Findings and Conclusion
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