Press release
Gas Turbine MRO Market Industry Statistics and Growth Trends Analysis Forecast
Due to the presence of older gas turbines in long-serving power plants that call for little maintenance and modernization, the global gas turbine MRO market in the power sector industry is expanding significantly. For instance, several gas-fired power plants that are now in service have been in operation for at least 20-50 years, according to the International Energy Agency (IEA). More than 26% of the old gas power plants in the world are located in the United States. To keep these existing power plants in good running condition, they require routine maintenance and repairs.Global Gas Turbine MRO Market In The Power Sector size was valued at USD 11.56 Billion in 2021 and is anticipated to witness a CAGR of 6.70% from 2022 to 2030.
We have thoroughly investigated the Gas Turbine MRO Market using primary and secondary research techniques. As a result, we were better able to comprehend current market dynamics, the supply-demand imbalance, pricing trends, product preferences, customer behaviours, and other factors. Primary research was used to further validate the findings with industry professionals and opinion leaders from other nations. Through a variety of market estimation and data validation procedures, the data is further collated and validated. Additionally, we have a model for internally generated data that forecasts market growth until 2030. With strategic analysis, micro and macro market trend and scenarios, pricing analysis, and a comprehensive description of the market circumstances in the forecast period, the Gas Turbine MRO Market Research Report keeps a close eye on the major competitors.
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Global Gas Turbine MRO Market: Major Players
John Wood Group PLC
Weg SA
Rolls-Royce Holding PLC
Babcock & Wilcox Enterprises Inc.
General Electric Company
Sulzer AG
MAN SE
Mitsubishi Heavy Industries Ltd
Flour Corporation
Siemens AG
Bechtel Corporation
Global Gas Turbine MRO Market: By Types
1 - 60 MW
61 - 180 MW
More than 180 MW
Global Gas Turbine MRO Market: By Applications
Original Equipment Manufacturers
Independent Service Providers
In-House
Global Gas Turbine MRO Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Gas Turbine MRO market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Frequently Asked Questions
• What is Gas Turbine MRO Market in the Power Sector size in 2028?
• Which region has highest growth rate in Gas Turbine MRO Market in the Power Sector?
• What is the study period of this market?
• What is the growth rate of Gas Turbine MRO Market in the Power Sector?
• What is Gas Turbine MRO Market in the Power Sector size in 2020?
• Which region has largest share in Gas Turbine MRO Market in the Power Sector?
• Who are the key players in Gas Turbine MRO Market in the Power Sector?
Key Benefits for Industry Participants & Stakeholders:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Gas Turbine MRO Market
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