Gas Turbine MRO Market Growing at 4.95% CAGR, Led by Asia Pacific | Top Key Players - GE Vernova, Siemens Energy, Mitsubishi Power

The gas turbine MRO market is poised for steady growth, with its size projected to climb from USD 16.71 billion in 2025 to nearly USD 21.28 billion by 2030, advancing at a CAGR of 4.95% during the forecast period.

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Gas Turbine MRO Emerging Trends:

Rising Fleet Aging & Life Extension Needs

Many gas turbines in global fleets are reaching mid-to-late life stages. Operators are increasingly prioritizing life-extension strategies (e.g. hot-path refurbishment, component replacement, or upgrades) over full replacement. This drives steady demand for overhaul and repair activity.

Emphasis on Condition Monitoring & Predictive Maintenance

Advanced condition monitoring (vibration, thermography, rotor dynamics) and data analytics are being adopted more widely. Predictive maintenance helps reduce downtime and avoid catastrophic failure, thereby influencing how MRO contracts are structured and priced.

Growth of Heavy-Duty & High-Capacity Turbines

Turbines with a capacity above 120 MW are expected to dominate MRO demand in the forecast period, as such units are common in utility-scale power plants. This trend gives an edge to service providers capable of handling large machines and complex modules.

Longer Turnaround Times & Parts Availability Bottlenecks

Extended lead times for turbine parts, supply chain constraints, and repair backlogs can delay MRO operations. Service providers achieving leaner logistics and parts management gain a competitive edge.

Service Outsourcing & Long-Term Contracts

Utilities are increasingly outsourcing MRO responsibility to OEMs or specialized service providers under long-term service agreements, favoring predictable costs and risk transfer.

For a more tailored understanding, view the localized Japanese edition alongside the global market breakdown: https://www.mordorintelligence.com/ja/industry-reports/gas-turbine-mro-market?utm_source=openpr

Market Segmentation in Gas Turbine MRO

The gas turbine MRO market can be broadly segmented by service type, turbine capacity, technology (cycle type), and region. Key sub-divisions include:

By Service Type

Maintenance - Routine inspections, parts replacement, minor adjustments
Repair - Module-level or component-level corrective work
Overhaul - Major refurbishment or partial rebuilding of turbines

By Capacity

Less than 30 MW
31 to 120 MW
Above 120 MW (expected to dominate)
By Technology / Cycle

Combined cycle
Open cycle

By Region

North America
Europe
Asia-Pacific
Middle East & Africa
South America

Within these segments, heavy-duty, above-120 MW turbines in combined-cycle configurations represent a focal point of MRO demand. Meanwhile, in regions such as Asia-Pacific, emerging markets will drive both smaller-capacity and large-capacity turbine servicing needs.

Asia Pacific not only represents the largest regional market today but is also expected to record the fastest growth, supported by rising power demand, expanding gas-fired generation capacity, and the increasing need for maintenance and life-extension services for existing turbine fleets.

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Key Players in the Gas Turbine MRO Market:

The gas turbine MRO market features a mix of OEMs, independent service providers, and specialized repair firms. Among the key players named in the Mordor Intelligence report are

>GE Vernova
>Siemens Energy
>Mitsubishi Power
>MTU Aero Engines
>EthosEnergy

Conclusion: Market Outlook & Strategic Focus

As the gas turbine MRO market in the power sector expands to ~USD 18.42 billion by 2030, service providers and operators must adapt to evolving demands. Aging turbine fleets, increasing emphasis on uptime and predictive maintenance, and regional shifts toward Asia-Pacific present clear opportunities and challenges.

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