Gas Turbine Services Industry Overview The global gas turbine services market size is expected to reach USD 55.1 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 9.8% over the forecast period. The increasing adoption of gas turbines on account of their ability to produce low exhaust gas pollution is expected to drive market growth. These systems are increasingly being used owing to their tremendous energy-producing capacity and multiple fuel capability. They also have the capacity to operate continuously at baseload for numerous hours. Furthermore, low operational cost and high efficiency and durability offered by these systems is expected to drive gas turbine service market growth. Gas Turbine Services Market Segmentation Grand View Research has segmented the global gas turbine services market on the basis of turbine type, turbine capacity, service type, service provider, end-use, and region: Based on the Turbine Type Insights, the market is segmented into heavy duty, industrial, aeroderivative.
Based on the Turbine Capacity Insights, the market is segmented into <100 mw, 100 to 200 mw, >200 mw.
Based on the Service Type Insights, the market is segmented into maintenance & repair, overhaul, spare parts supply.
Based on the Service Provider Insights, the market is segmented into oem, non-oem.
Based on the End-use Insights, the market is segmented into power generation, oil & gas, other industrial.
Gas Turbine Services Regional Outlook
Key Companies Profile & Market Share Insights The key players adopt strategies such as providing multiyear services contracts to existing and new power plant owners to further enhance their market position. Competition among key vendors is based on the performance and efficiency of their manufactured gas turbines as well as associated services provided by them to their customers. Some prominent players in the global gas turbine services market include
Order a free sample PDF of the Gas Turbine Services Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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