Press release
Industrial Gas Turbine MRO in North America Industry Sector Rises Growth Opportunities | Leading Companies - Fluor Corporation, Mechanical Dynamics & Analysis LLC, Bechtel Corporation and Solar Turbines
North America Industrial Gas Turbine MRO
The U.S. has installed 120,498 MW of natural gas-fired capacity in its power generation fleet, including nearly 26,000 MW added in recent years. Additionally, around 200 new gas plants are planned or under development across the country, adding nearly 70,200 MW of further capacity.
GE Power Services launched the new DLN2.6+ Flex Upgrade for 7F Gas Turbines at the 7F Users Group Conference in Atlanta. Combining the proven DLN 2.6+ combustor with Axial Fuel Staging (AFS) technology, this upgrade integrates advanced hardware and software into a single solution, enhancing flexibility and profitability for GE's global 7F turbine fleet.
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Mergers & Acquisitions
The market has seen moderate M&A activity, mainly among regional and specialized MRO companies seeking to expand service offerings or geographical reach.
Larger players such as General Electric, Siemens, and Mitsubishi Heavy have made strategic acquisitions and formed partnerships to enhance digital, predictive maintenance, and advanced repair offerings.
Consolidation continues as service providers aim to serve aging gas turbine fleets and support efficiency improvements for power producers in the US and Canada.
Key Players:
GENERAL ELECTRIC, Fluor Corporation, Mechanical Dynamics & Analysis LLC, Bechtel Corporation and Solar Turbines
Latest News
Aging gas turbine fleets and the rising share of natural gas in the region's power mix are main drivers of MRO service demand.
Regulatory focus on emissions reduction is elevating retrofit, upgrade, and advanced maintenance needs.
The adoption of hybrid energy systems (combining renewables and gas turbines) is increasing the operational requirements, creating additional MRO opportunities.
Growth Forecast Projected:
The North America Industrial Gas Turbine MRO Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the North America Industrial Gas Turbine MRO Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Benefits of the Report:
Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.
Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.
Chapter 3: Offers an in-depth look at the competitive landscape among North America Industrial Gas Turbine MRO producers, including revenue shares, strategic moves, and recent mergers and acquisitions.
Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.
Chapters 5 & 6: Analyze North America Industrial Gas Turbine MRO revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.
Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.
Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.
Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.
Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.
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Strategic Partnerships in North America's Industrial Gas Turbine MRO Market
Key players in the North American industrial gas turbine MRO market-including General Electric, Fluor Corporation, Mechanical Dynamics & Analysis LLC, and Bechtel Corporation focus on strategic partnerships and acquisitions to strengthen their market presence.
Some notable market developments include:
GE at Al Qudus Power Plant, Iraq: GE completed a major overhaul of a 9E.03 gas turbine at the Ministry of Electricity's Al Qudus Power Plant. This refurbishment enables the unit to deliver up to 125 MW of reliable power to the national grid.
GE and Reliance Bangladesh LNG & Power Ltd.: The companies signed a 22-year maintenance agreement for the future Meghnaghat Power Plant. The deal covers gas and steam turbine maintenance, auxiliary systems, and plant-wide digital solutions, with operations expected to commence by 2023.
GE at PT GE Nusantara: GE provided additional turbine repair services, enhancing blade competency and boosting the plant's overall electricity generation capacity.
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