+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)
Gas Turbine Service Market By Turbine Type, By Turbine Capacity, By Service Type, By Sales Channel, By End Use: Global Opportunity Analysis and Industry Forecast, 2021-2031- Product Image
Gas Turbine Service Market By Turbine Type, By Turbine Capacity, By Service Type, By Sales Channel, By End Use: Global Opportunity Analysis and Industry Forecast, 2021-2031- Product Image
Sale

Gas Turbine Service Market By Turbine Type, By Turbine Capacity, By Service Type, By Sales Channel, By End Use: Global Opportunity Analysis and Industry Forecast, 2021-2031

  • PDF Icon

    Report

  • 340 Pages
  • July 2022
  • Region: Global
  • Allied Market Research
  • ID: 5670905
UP TO OFF until Jan 30th 2025
Description Jump to:
The global gas turbine service market size was valued at $19.6 billion in 2021, and projected to reach $32.1 billion by 2031, with a CAGR of 5.1% from 2022 to 2031.

The engine that converts liquid fuels and natural gas to mechanical energy for producing electrical energy with combustion is known as a gas turbine. The service provided by the gas turbine is called gas turbine services. The market in the global market is growing at a significant growth rate. Owing to the decrease in the price of natural gas and an increase in shale gas production, the gas turbine service market has witnessed tremendous growth during the forecasted period. The main reason that has increased the use of gas turbines is the growing need for sustainable development and reduced emissions to produce electricity from natural gas.

Owing to the increasing concern about environmental protection and global warming, the conventional coal-fired power plant used to emit toxic gases that too in a large quantity, so there was a substantial need for toxic-free energy production which is fulfilled by the market. Also, the surge in the demand for electricity acts as a driving factor in the growth of the gas turbine service market in the global market. Another factor that drives the growth of the market is the growth of infrastructure in various emerging economies that requires high electricity uninterrupted supply.

Caterpillar Inc. and MAN SE are offering low pollutions engines with fuel type natural gas having ultimate reliability and the highest energy efficiency. Natural gas based engines deliver better functioning than coal plants because they can be turned up and down rapidly. For instance, according to the International Energy Agency (IEA), the total fossil fuel supply will be up to 80% by 2040, making natural gas based engines the most preferred fuel for the future.

The global gas turbine service market is segmented on the basis of by turbine type, turbine capacity, service type, sales channel, end use and region.

On the basis of turbine type, it is segmented into heavy duty, industrial, and aeroderivative. On the basis of turbine capacity, the market is segmented into less than 100 MW, 100-200 MW, and more than 200 MW. On the basis of service type, it is segmented into maintenance & repair, overhaul, spare parts supply. On the basis of sales channel, the market is bifurcated into OEM and aftermarket. In addition, on the basis of end use, the global gas turbine service market is segmented into power generation, oil & gas, and others.

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, followed by Asia-Pacific and Europe.

The major companies profiled in this report include Siemens AG, General Electric, Mitsubishi Heavy Industries, Ansaldo Energia, MAN Energy Solutions, Kawasaki Heavy Industries, Baker Hughes Company, Caterpillar, Opra Turbines, MTU Aero Engines AG, EthosEnergy, PROENERGY, MJB International LLC, Sulzer, and Centrax Gas Turbines. Due to rapidly development of industrialization, modernization has led to the development of demand for power from heavy manufacturing industries, and light manufacturing industries which in-turn has fuelled the demand for gas turbine. The presence of the demand for the gas turbine and on-going Upgradation of various thermal power plants in the developing countries is driving the demand for gas turbine service market. Additional growth strategies such as expansion of production capacities, acquisition, partnership and research & innovation in the gas fired power generation systems has led to attain key developments in the global gas turbine service market trends.

Impact of COVID-19 on Global Gas Turbine Service Market:

COVID-19 has severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, business, financial institution, industrial establishments and infrastructure companies. The novel coronavirus has affected several economies and caused lockdown in many countries, which has limited the growth of the market. The shutdown of industrial manufacturers led to decline in the production of gas turbine, and hence led to decline in the demand for the gas turbine service market. The decrease in utilization of power in the industrial facilities across the globe during the outbreak had a negative impact on the development of the market.

In several countries, the renewable sector is mainly dependent on imports from other regions, primarily China. Around 60% of engines and generation sets are produced in the U.S. and are supplied across the globe. Gas based engines project developers worldwide are worried about project delays due to the slowdown of manufacturing in the U.S. Major suppliers are also observing production delays due to COVID-19, thereby causing a huge backlog for fulfilling orders. These factors hampered the growth of the market during the forecast period.

After global vaccination, the government of various countries has taken initiatives to increase the investment in the renewable energy related industries especially gas fired power systems. The increase in the investment is mostly to improve the national energy security during the pandemic and other crisis. The presence of above mentioned activities and change in policies due to outbreak of the pandemic is expected to have a positive impact on the development of the market during the forecast period.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the gas turbine service market analysis from 2021 to 2031 to identify the prevailing gas turbine service market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the gas turbine service market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global gas turbine service market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Turbine Type

  • Heavy Duty
  • Industrial
  • Aeroderivative

By Turbine Capacity

  • More than 200 MW
  • Less than 100 MW
  • 100 to 200 MW

By Service Type

  • Maintenance and Repair
  • Overhaul
  • Spare parts supply

By Sales Channel

  • OEM
  • Aftermarket

By End Use

  • Power Generation
  • Oil and Gas
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players

  • Siemens AG
  • General Electric
  • Mitsubishi Heavy Industries
  • Ansaldo Energia
  • MAN Energy Solutions
  • Kawasaki Heavy Industries
  • Baker Hughes Company
  • Caterpillar Inc.
  • Opra Turbines
  • VERICOR
  • MTU Aero Engines AG
  • Zorya-Mashproekt
  • EthosEnergy
  • PROENERGY
  • MJB International LLC
  • Sulzer AG
  • Centrax Gas Turbines

 

Please note:

  • Online Access price format is valid for 60 days access. Printing is not enabled.
  • PDF Single and Enterprise price formats enable printing.

 

Table of Contents

CHAPTER 1: INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Top player positioning
3.5.Market dynamics
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
3.7.Value Chain Analysis
3.8.Key Regulation Analysis
CHAPTER 4: GAS TURBINE SERVICE MARKET, BY TURBINE TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Heavy Duty
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Industrial
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Aeroderivative
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: GAS TURBINE SERVICE MARKET, BY TURBINE CAPACITY
5.1 Overview
5.1.1 Market size and forecast
5.2 Less than 100 MW
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 100 to 200 MW
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 More than 200 MW
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: GAS TURBINE SERVICE MARKET, BY SERVICE TYPE
6.1 Overview
6.1.1 Market size and forecast
6.2 Maintenance and Repair
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Overhaul
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Spare parts supply
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
CHAPTER 7: GAS TURBINE SERVICE MARKET, BY SALES CHANNEL
7.1 Overview
7.1.1 Market size and forecast
7.2 OEM
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Aftermarket
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
CHAPTER 8: GAS TURBINE SERVICE MARKET, BY END USE
8.1 Overview
8.1.1 Market size and forecast
8.2 Power Generation
8.2.1 Key market trends, growth factors and opportunities
8.2.2 Market size and forecast, by region
8.2.3 Market analysis by country
8.3 Oil and Gas
8.3.1 Key market trends, growth factors and opportunities
8.3.2 Market size and forecast, by region
8.3.3 Market analysis by country
8.4 Others
8.4.1 Key market trends, growth factors and opportunities
8.4.2 Market size and forecast, by region
8.4.3 Market analysis by country
CHAPTER 9: GAS TURBINE SERVICE MARKET, BY REGION
9.1 Overview
9.1.1 Market size and forecast
9.2 North America
9.2.1 Key trends and opportunities
9.2.2 North America Market size and forecast, by Turbine Type
9.2.3 North America Market size and forecast, by Turbine Capacity
9.2.4 North America Market size and forecast, by Service Type
9.2.5 North America Market size and forecast, by Sales Channel
9.2.6 North America Market size and forecast, by End Use
9.2.7 North America Market size and forecast, by country
9.2.7.1 U.S.
9.2.7.1.1 Market size and forecast, by Turbine Type
9.2.7.1.2 Market size and forecast, by Turbine Capacity
9.2.7.1.3 Market size and forecast, by Service Type
9.2.7.1.4 Market size and forecast, by Sales Channel
9.2.7.1.5 Market size and forecast, by End Use
9.2.7.2 Canada
9.2.7.2.1 Market size and forecast, by Turbine Type
9.2.7.2.2 Market size and forecast, by Turbine Capacity
9.2.7.2.3 Market size and forecast, by Service Type
9.2.7.2.4 Market size and forecast, by Sales Channel
9.2.7.2.5 Market size and forecast, by End Use
9.2.7.3 Mexico
9.2.7.3.1 Market size and forecast, by Turbine Type
9.2.7.3.2 Market size and forecast, by Turbine Capacity
9.2.7.3.3 Market size and forecast, by Service Type
9.2.7.3.4 Market size and forecast, by Sales Channel
9.2.7.3.5 Market size and forecast, by End Use
9.3 Europe
9.3.1 Key trends and opportunities
9.3.2 Europe Market size and forecast, by Turbine Type
9.3.3 Europe Market size and forecast, by Turbine Capacity
9.3.4 Europe Market size and forecast, by Service Type
9.3.5 Europe Market size and forecast, by Sales Channel
9.3.6 Europe Market size and forecast, by End Use
9.3.7 Europe Market size and forecast, by country
9.3.7.1 Germany
9.3.7.1.1 Market size and forecast, by Turbine Type
9.3.7.1.2 Market size and forecast, by Turbine Capacity
9.3.7.1.3 Market size and forecast, by Service Type
9.3.7.1.4 Market size and forecast, by Sales Channel
9.3.7.1.5 Market size and forecast, by End Use
9.3.7.2 France
9.3.7.2.1 Market size and forecast, by Turbine Type
9.3.7.2.2 Market size and forecast, by Turbine Capacity
9.3.7.2.3 Market size and forecast, by Service Type
9.3.7.2.4 Market size and forecast, by Sales Channel
9.3.7.2.5 Market size and forecast, by End Use
9.3.7.3 Italy
9.3.7.3.1 Market size and forecast, by Turbine Type
9.3.7.3.2 Market size and forecast, by Turbine Capacity
9.3.7.3.3 Market size and forecast, by Service Type
9.3.7.3.4 Market size and forecast, by Sales Channel
9.3.7.3.5 Market size and forecast, by End Use
9.3.7.4 Spain
9.3.7.4.1 Market size and forecast, by Turbine Type
9.3.7.4.2 Market size and forecast, by Turbine Capacity
9.3.7.4.3 Market size and forecast, by Service Type
9.3.7.4.4 Market size and forecast, by Sales Channel
9.3.7.4.5 Market size and forecast, by End Use
9.3.7.5 UK
9.3.7.5.1 Market size and forecast, by Turbine Type
9.3.7.5.2 Market size and forecast, by Turbine Capacity
9.3.7.5.3 Market size and forecast, by Service Type
9.3.7.5.4 Market size and forecast, by Sales Channel
9.3.7.5.5 Market size and forecast, by End Use
9.3.7.6 Rest of Europe
9.3.7.6.1 Market size and forecast, by Turbine Type
9.3.7.6.2 Market size and forecast, by Turbine Capacity
9.3.7.6.3 Market size and forecast, by Service Type
9.3.7.6.4 Market size and forecast, by Sales Channel
9.3.7.6.5 Market size and forecast, by End Use
9.4 Asia-Pacific
9.4.1 Key trends and opportunities
9.4.2 Asia-Pacific Market size and forecast, by Turbine Type
9.4.3 Asia-Pacific Market size and forecast, by Turbine Capacity
9.4.4 Asia-Pacific Market size and forecast, by Service Type
9.4.5 Asia-Pacific Market size and forecast, by Sales Channel
9.4.6 Asia-Pacific Market size and forecast, by End Use
9.4.7 Asia-Pacific Market size and forecast, by country
9.4.7.1 China
9.4.7.1.1 Market size and forecast, by Turbine Type
9.4.7.1.2 Market size and forecast, by Turbine Capacity
9.4.7.1.3 Market size and forecast, by Service Type
9.4.7.1.4 Market size and forecast, by Sales Channel
9.4.7.1.5 Market size and forecast, by End Use
9.4.7.2 Japan
9.4.7.2.1 Market size and forecast, by Turbine Type
9.4.7.2.2 Market size and forecast, by Turbine Capacity
9.4.7.2.3 Market size and forecast, by Service Type
9.4.7.2.4 Market size and forecast, by Sales Channel
9.4.7.2.5 Market size and forecast, by End Use
9.4.7.3 India
9.4.7.3.1 Market size and forecast, by Turbine Type
9.4.7.3.2 Market size and forecast, by Turbine Capacity
9.4.7.3.3 Market size and forecast, by Service Type
9.4.7.3.4 Market size and forecast, by Sales Channel
9.4.7.3.5 Market size and forecast, by End Use
9.4.7.4 South Korea
9.4.7.4.1 Market size and forecast, by Turbine Type
9.4.7.4.2 Market size and forecast, by Turbine Capacity
9.4.7.4.3 Market size and forecast, by Service Type
9.4.7.4.4 Market size and forecast, by Sales Channel
9.4.7.4.5 Market size and forecast, by End Use
9.4.7.5 Australia
9.4.7.5.1 Market size and forecast, by Turbine Type
9.4.7.5.2 Market size and forecast, by Turbine Capacity
9.4.7.5.3 Market size and forecast, by Service Type
9.4.7.5.4 Market size and forecast, by Sales Channel
9.4.7.5.5 Market size and forecast, by End Use
9.4.7.6 Rest of Asia-Pacific
9.4.7.6.1 Market size and forecast, by Turbine Type
9.4.7.6.2 Market size and forecast, by Turbine Capacity
9.4.7.6.3 Market size and forecast, by Service Type
9.4.7.6.4 Market size and forecast, by Sales Channel
9.4.7.6.5 Market size and forecast, by End Use
9.5 LAMEA
9.5.1 Key trends and opportunities
9.5.2 LAMEA Market size and forecast, by Turbine Type
9.5.3 LAMEA Market size and forecast, by Turbine Capacity
9.5.4 LAMEA Market size and forecast, by Service Type
9.5.5 LAMEA Market size and forecast, by Sales Channel
9.5.6 LAMEA Market size and forecast, by End Use
9.5.7 LAMEA Market size and forecast, by country
9.5.7.1 Brazil
9.5.7.1.1 Market size and forecast, by Turbine Type
9.5.7.1.2 Market size and forecast, by Turbine Capacity
9.5.7.1.3 Market size and forecast, by Service Type
9.5.7.1.4 Market size and forecast, by Sales Channel
9.5.7.1.5 Market size and forecast, by End Use
9.5.7.2 Saudi Arabia
9.5.7.2.1 Market size and forecast, by Turbine Type
9.5.7.2.2 Market size and forecast, by Turbine Capacity
9.5.7.2.3 Market size and forecast, by Service Type
9.5.7.2.4 Market size and forecast, by Sales Channel
9.5.7.2.5 Market size and forecast, by End Use
9.5.7.3 South Africa
9.5.7.3.1 Market size and forecast, by Turbine Type
9.5.7.3.2 Market size and forecast, by Turbine Capacity
9.5.7.3.3 Market size and forecast, by Service Type
9.5.7.3.4 Market size and forecast, by Sales Channel
9.5.7.3.5 Market size and forecast, by End Use
9.5.7.4 Rest of LAMEA
9.5.7.4.1 Market size and forecast, by Turbine Type
9.5.7.4.2 Market size and forecast, by Turbine Capacity
9.5.7.4.3 Market size and forecast, by Service Type
9.5.7.4.4 Market size and forecast, by Sales Channel
9.5.7.4.5 Market size and forecast, by End Use
CHAPTER 10: COMPANY LANDSCAPE
10.1. Introduction
10.2. Top winning strategies
10.3. Product Mapping of Top 10 Player
10.4. Competitive Dashboard
10.5. Competitive Heatmap
10.6. Key developments
CHAPTER 11: COMPANY PROFILES
11.1 Siemens AG
11.1.1 Company overview
11.1.2 Company snapshot
11.1.3 Operating business segments
11.1.4 Product portfolio
11.1.5 Business performance
11.1.6 Key strategic moves and developments
11.2 General Electric
11.2.1 Company overview
11.2.2 Company snapshot
11.2.3 Operating business segments
11.2.4 Product portfolio
11.2.5 Business performance
11.2.6 Key strategic moves and developments
11.3 Mitsubishi Heavy Industries
11.3.1 Company overview
11.3.2 Company snapshot
11.3.3 Operating business segments
11.3.4 Product portfolio
11.3.5 Business performance
11.3.6 Key strategic moves and developments
11.4 Ansaldo Energia
11.4.1 Company overview
11.4.2 Company snapshot
11.4.3 Operating business segments
11.4.4 Product portfolio
11.4.5 Business performance
11.4.6 Key strategic moves and developments
11.5 MAN Energy Solutions
11.5.1 Company overview
11.5.2 Company snapshot
11.5.3 Operating business segments
11.5.4 Product portfolio
11.5.5 Business performance
11.5.6 Key strategic moves and developments
11.6 Kawasaki Heavy Industries
11.6.1 Company overview
11.6.2 Company snapshot
11.6.3 Operating business segments
11.6.4 Product portfolio
11.6.5 Business performance
11.6.6 Key strategic moves and developments
11.7 Baker Hughes Company
11.7.1 Company overview
11.7.2 Company snapshot
11.7.3 Operating business segments
11.7.4 Product portfolio
11.7.5 Business performance
11.7.6 Key strategic moves and developments
11.8 Caterpillar Inc.
11.8.1 Company overview
11.8.2 Company snapshot
11.8.3 Operating business segments
11.8.4 Product portfolio
11.8.5 Business performance
11.8.6 Key strategic moves and developments
11.9 Opra Turbines
11.9.1 Company overview
11.9.2 Company snapshot
11.9.3 Operating business segments
11.9.4 Product portfolio
11.9.5 Business performance
11.9.6 Key strategic moves and developments
11.10 VERICOR
11.10.1 Company overview
11.10.2 Company snapshot
11.10.3 Operating business segments
11.10.4 Product portfolio
11.10.5 Business performance
11.10.6 Key strategic moves and developments
11.11 MTU Aero Engines AG
11.11.1 Company overview
11.11.2 Company snapshot
11.11.3 Operating business segments
11.11.4 Product portfolio
11.11.5 Business performance
11.11.6 Key strategic moves and developments
11.12 Zorya-Mashproekt
11.12.1 Company overview
11.12.2 Company snapshot
11.12.3 Operating business segments
11.12.4 Product portfolio
11.12.5 Business performance
11.12.6 Key strategic moves and developments
11.13 EthosEnergy
11.13.1 Company overview
11.13.2 Company snapshot
11.13.3 Operating business segments
11.13.4 Product portfolio
11.13.5 Business performance
11.13.6 Key strategic moves and developments
11.14 PROENERGY
11.14.1 Company overview
11.14.2 Company snapshot
11.14.3 Operating business segments
11.14.4 Product portfolio
11.14.5 Business performance
11.14.6 Key strategic moves and developments
11.15 MJB International LLC
11.15.1 Company overview
11.15.2 Company snapshot
11.15.3 Operating business segments
11.15.4 Product portfolio
11.15.5 Business performance
11.15.6 Key strategic moves and developments
11.16 Sulzer AG
11.16.1 Company overview
11.16.2 Company snapshot
11.16.3 Operating business segments
11.16.4 Product portfolio
11.16.5 Business performance
11.16.6 Key strategic moves and developments
11.17 Centrax Gas Turbines
11.17.1 Company overview
11.17.2 Company snapshot
11.17.3 Operating business segments
11.17.4 Product portfolio
11.17.5 Business performance
11.17.6 Key strategic moves and developments
List of Tables
Table 1. Global Electron Microscopy Market, by Type, 2021-2031 ($Million)
Table 2. Electron Microscopy Market Size, for Scanning Electron Microscope (Sem), by Region, 2021-2031 ($Million)
Table 3. Electron Microscopy Market for Scanning Electron Microscope (Sem) by Country, 2021-2031 ($Million)
Table 4. Electron Microscopy Market Size, for Transmission Electron Microscope (Tem), by Region, 2021-2031 ($Million)
Table 5. Electron Microscopy Market for Transmission Electron Microscope (Tem) by Country, 2021-2031 ($Million)
Table 6. Global Electron Microscopy Market, by Application, 2021-2031 ($Million)
Table 7. Electron Microscopy Market Size, for Life Sciences, by Region, 2021-2031 ($Million)
Table 8. Electron Microscopy Market for Life Sciences by Country, 2021-2031 ($Million)
Table 9. Electron Microscopy Market Size, for Material Sciences, by Region, 2021-2031 ($Million)
Table 10. Electron Microscopy Market for Material Sciences by Country, 2021-2031 ($Million)
Table 11. Electron Microscopy Market Size, for Other, by Region, 2021-2031 ($Million)
Table 12. Electron Microscopy Market for Other by Country, 2021-2031 ($Million)
Table 13. Global Electron Microscopy Market, by End-user, 2021-2031 ($Million)
Table 14. Electron Microscopy Market Size, for Healthcare, by Region, 2021-2031 ($Million)
Table 15. Electron Microscopy Market for Healthcare by Country, 2021-2031 ($Million)
Table 16. Electron Microscopy Market Size, for Research Institute, by Region, 2021-2031 ($Million)
Table 17. Electron Microscopy Market for Research Institute by Country, 2021-2031 ($Million)
Table 18. Electron Microscopy Market Size, for Others, by Region, 2021-2031 ($Million)
Table 19. Electron Microscopy Market for Others by Country, 2021-2031 ($Million)
Table 20. Electron Microscopy Market, by Region, 2021-2031 ($Million)
Table 21. North America Electron Microscopy Market, by Type, 2021-2031 ($Million)
Table 22. North America Electron Microscopy Market, by Application, 2021-2031 ($Million)
Table 23. North America Electron Microscopy Market, by End-user, 2021-2031 ($Million)
Table 24. North America Electron Microscopy Market, by Country, 2021-2031 ($Million)
Table 25. U.S. Electron Microscopy Market, by Type, 2021-2031 ($Million)
Table 26. U.S. Electron Microscopy Market, by Application, 2021-2031 ($Million)
Table 27. U.S. Electron Microscopy Market, by End-user, 2021-2031 ($Million)
Table 28. Canada Electron Microscopy Market, by Type, 2021-2031 ($Million)
Table 29. Canada Electron Microscopy Market, by Application, 2021-2031 ($Million)
Table 30. Canada Electron Microscopy Market, by End-user, 2021-2031 ($Million)
Table 31. Mexico Electron Microscopy Market, by Type, 2021-2031 ($Million)
Table 32. Mexico Electron Microscopy Market, by Application, 2021-2031 ($Million)
Table 33. Mexico Electron Microscopy Market, by End-user, 2021-2031 ($Million)
Table 34. Europe Electron Microscopy Market, by Type, 2021-2031 ($Million)
Table 35. Europe Electron Microscopy Market, by Application, 2021-2031 ($Million)
Table 36. Europe Electron Microscopy Market, by End-user, 2021-2031 ($Million)
Table 37. Europe Electron Microscopy Market, by Country, 2021-2031 ($Million)
Table 38. United Kingdom Electron Microscopy Market, by Type, 2021-2031 ($Million)
Table 39. United Kingdom Electron Microscopy Market, by Application, 2021-2031 ($Million)
Table 40. United Kingdom Electron Microscopy Market, by End-user, 2021-2031 ($Million)
Table 41. Germany Electron Microscopy Market, by Type, 2021-2031 ($Million)
Table 42. Germany Electron Microscopy Market, by Application, 2021-2031 ($Million)
Table 43. Germany Electron Microscopy Market, by End-user, 2021-2031 ($Million)
Table 44. France Electron Microscopy Market, by Type, 2021-2031 ($Million)
Table 45. France Electron Microscopy Market, by Application, 2021-2031 ($Million)
Table 46. France Electron Microscopy Market, by End-user, 2021-2031 ($Million)
Table 47. Rest of Europe Electron Microscopy Market, by Type, 2021-2031 ($Million)
Table 48. Rest of Europe Electron Microscopy Market, by Application, 2021-2031 ($Million)
Table 49. Rest of Europe Electron Microscopy Market, by End-user, 2021-2031 ($Million)
Table 50. Asia-Pacific Electron Microscopy Market, by Type, 2021-2031 ($Million)
Table 51. Asia-Pacific Electron Microscopy Market, by Application, 2021-2031 ($Million)
Table 52. Asia-Pacific Electron Microscopy Market, by End-user, 2021-2031 ($Million)
Table 53. Asia-Pacific Electron Microscopy Market, by Country, 2021-2031 ($Million)
Table 54. China Electron Microscopy Market, by Type, 2021-2031 ($Million)
Table 55. China Electron Microscopy Market, by Application, 2021-2031 ($Million)
Table 56. China Electron Microscopy Market, by End-user, 2021-2031 ($Million)
Table 57. Japan Electron Microscopy Market, by Type, 2021-2031 ($Million)
Table 58. Japan Electron Microscopy Market, by Application, 2021-2031 ($Million)
Table 59. Japan Electron Microscopy Market, by End-user, 2021-2031 ($Million)
Table 60. India Electron Microscopy Market, by Type, 2021-2031 ($Million)
Table 61. India Electron Microscopy Market, by Application, 2021-2031 ($Million)
Table 62. India Electron Microscopy Market, by End-user, 2021-2031 ($Million)
Table 63. South Korea Electron Microscopy Market, by Type, 2021-2031 ($Million)
Table 64. South Korea Electron Microscopy Market, by Application, 2021-2031 ($Million)
Table 65. South Korea Electron Microscopy Market, by End-user, 2021-2031 ($Million)
Table 66. Rest of Asia-Pacific Electron Microscopy Market, by Type, 2021-2031 ($Million)
Table 67. Rest of Asia-Pacific Electron Microscopy Market, by Application, 2021-2031 ($Million)
Table 68. Rest of Asia-Pacific Electron Microscopy Market, by End-user, 2021-2031 ($Million)
Table 69. LAMEA Electron Microscopy Market, by Type, 2021-2031 ($Million)
Table 70. LAMEA Electron Microscopy Market, by Application, 2021-2031 ($Million)
Table 71. LAMEA Electron Microscopy Market, by End-user, 2021-2031 ($Million)
Table 72. LAMEA Electron Microscopy Market, by Country, 2021-2031 ($Million)
Table 73. Latin America Electron Microscopy Market, by Type, 2021-2031 ($Million)
Table 74. Latin America Electron Microscopy Market, by Application, 2021-2031 ($Million)
Table 75. Latin America Electron Microscopy Market, by End-user, 2021-2031 ($Million)
Table 76. Middle East Electron Microscopy Market, by Type, 2021-2031 ($Million)
Table 77. Middle East Electron Microscopy Market, by Application, 2021-2031 ($Million)
Table 78. Middle East Electron Microscopy Market, by End-user, 2021-2031 ($Million)
Table 79. Africa Electron Microscopy Market, by Type, 2021-2031 ($Million)
Table 80. Africa Electron Microscopy Market, by Application, 2021-2031 ($Million)
Table 81. Africa Electron Microscopy Market, by End-user, 2021-2031 ($Million)
Table 82. Bruker Corporation: Company Snapshot
Table 83. Bruker Corporation: Operating Segments
Table 84. Bruker Corporation: Product Portfolio
Table 85. Bruker Corporation: Net Sales
Table 86. Bruker Corporation: Key Stratergies
Table 87. Carl Zeiss Ag: Company Snapshot
Table 88. Carl Zeiss Ag: Operating Segments
Table 89. Carl Zeiss Ag: Product Portfolio
Table 90. Carl Zeiss Ag: Net Sales
Table 91. Carl Zeiss Ag: Key Stratergies
Table 92. Thermo Fisher Scientific, Inc.: Company Snapshot
Table 93. Thermo Fisher Scientific, Inc.: Operating Segments
Table 94. Thermo Fisher Scientific, Inc.: Product Portfolio
Table 95. Thermo Fisher Scientific, Inc.: Net Sales
Table 96. Thermo Fisher Scientific, Inc.: Key Stratergies
Table 97. Jeol Ltd.: Company Snapshot
Table 98. Jeol Ltd.: Operating Segments
Table 99. Jeol Ltd.: Product Portfolio
Table 100. Jeol Ltd.: Net Sales
Table 101. Jeol Ltd.: Key Stratergies
Table 102. Nikon Instruments, Inc.: Company Snapshot
Table 103. Nikon Instruments, Inc.: Operating Segments
Table 104. Nikon Instruments, Inc.: Product Portfolio
Table 105. Nikon Instruments, Inc.: Net Sales
Table 106. Nikon Instruments, Inc.: Key Stratergies
Table 107. Hitachi High-Technologies Corporation: Company Snapshot
Table 108. Hitachi High-Technologies Corporation: Operating Segments
Table 109. Hitachi High-Technologies Corporation: Product Portfolio
Table 110. Hitachi High-Technologies Corporation: Net Sales
Table 111. Hitachi High-Technologies Corporation: Key Stratergies
Table 112. Oxford Instruments plc: Company Snapshot
Table 113. Oxford Instruments plc: Operating Segments
Table 114. Oxford Instruments plc: Product Portfolio
Table 115. Oxford Instruments plc: Net Sales
Table 116. Oxford Instruments plc: Key Stratergies
Table 117. Tescan Orsay Holding, A.S.: Company Snapshot
Table 118. Tescan Orsay Holding, A.S.: Operating Segments
Table 119. Tescan Orsay Holding, A.S.: Product Portfolio
Table 120. Tescan Orsay Holding, A.S.: Net Sales
Table 121. Tescan Orsay Holding, A.S.: Key Stratergies
Table 122. Delong Instruments As: Company Snapshot
Table 123. Delong Instruments As: Operating Segments
Table 124. Delong Instruments As: Product Portfolio
Table 125. Delong Instruments As: Net Sales
Table 126. Delong Instruments As: Key Stratergies
Table 127. Advantest Corp: Company Snapshot
Table 128. Advantest Corp: Operating Segments
Table 129. Advantest Corp: Product Portfolio
Table 130. Advantest Corp: Net Sales
Table 131. Advantest Corp: Key Stratergies
List of Figures
Figure 1. Gas Turbine Service Market Segmentation
Figure 2. Gas Turbine Service Market,2021-2031
Figure 3. Gas Turbine Service Market,2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Gas Turbine Service Market:Drivers, Restraints and Opportunities
Figure 12. Value Chain Analysis
Figure 13. Key Regulation Analysis
Figure 14. Gas Turbine Service Market,By Turbine Type,2021(%)
Figure 15. Comparative Share Analysis of Heavy Duty Gas Turbine Service Market,2021-2031(%)
Figure 16. Comparative Share Analysis of Industrial Gas Turbine Service Market,2021-2031(%)
Figure 17. Comparative Share Analysis of Aeroderivative Gas Turbine Service Market,2021-2031(%)
Figure 18. Gas Turbine Service Market,By Turbine Capacity,2021(%)
Figure 19. Comparative Share Analysis of Less Than 100 Mw Gas Turbine Service Market,2021-2031(%)
Figure 20. Comparative Share Analysis of 100 to 200 Mw Gas Turbine Service Market,2021-2031(%)
Figure 21. Comparative Share Analysis of More Than 200 Mw Gas Turbine Service Market,2021-2031(%)
Figure 22. Gas Turbine Service Market,By Service Type,2021(%)
Figure 23. Comparative Share Analysis of Maintenance and Repair Gas Turbine Service Market,2021-2031(%)
Figure 24. Comparative Share Analysis of Overhaul Gas Turbine Service Market,2021-2031(%)
Figure 25. Comparative Share Analysis of Spare Parts Supply Gas Turbine Service Market,2021-2031(%)
Figure 26. Gas Turbine Service Market,By Sales Channel,2021(%)
Figure 27. Comparative Share Analysis of OEM Gas Turbine Service Market,2021-2031(%)
Figure 28. Comparative Share Analysis of Aftermarket Gas Turbine Service Market,2021-2031(%)
Figure 29. Gas Turbine Service Market,By End Use,2021(%)
Figure 30. Comparative Share Analysis of Power Generation Gas Turbine Service Market,2021-2031(%)
Figure 31. Comparative Share Analysis of Oil and Gas Gas Turbine Service Market,2021-2031(%)
Figure 32. Comparative Share Analysis of Others Gas Turbine Service Market,2021-2031(%)
Figure 33. Gas Turbine Service Market by Region,2021
Figure 34. U.S. Gas Turbine Service Market,2021-2031($Million)
Figure 35. Canada Gas Turbine Service Market,2021-2031($Million)
Figure 36. Mexico Gas Turbine Service Market,2021-2031($Million)
Figure 37. Germany Gas Turbine Service Market,2021-2031($Million)
Figure 38. France Gas Turbine Service Market,2021-2031($Million)
Figure 39. Italy Gas Turbine Service Market,2021-2031($Million)
Figure 40. Spain Gas Turbine Service Market,2021-2031($Million)
Figure 41. Uk Gas Turbine Service Market,2021-2031($Million)
Figure 42. Rest of Europe Gas Turbine Service Market,2021-2031($Million)
Figure 43. China Gas Turbine Service Market,2021-2031($Million)
Figure 44. Japan Gas Turbine Service Market,2021-2031($Million)
Figure 45. India Gas Turbine Service Market,2021-2031($Million)
Figure 46. South Korea Gas Turbine Service Market,2021-2031($Million)
Figure 47. Australia Gas Turbine Service Market,2021-2031($Million)
Figure 48. Rest of Asia-Pacific Gas Turbine Service Market,2021-2031($Million)
Figure 49. Brazil Gas Turbine Service Market,2021-2031($Million)
Figure 50. Saudi Arabia Gas Turbine Service Market,2021-2031($Million)
Figure 51. South Africa Gas Turbine Service Market,2021-2031($Million)
Figure 52. Rest of LAMEA Gas Turbine Service Market,2021-2031($Million)
Figure 53. Top Winning Strategies, by Year
Figure 54. Top Winning Strategies, by Development
Figure 55. Top Winning Strategies, by Company
Figure 56. Product Mapping of Top 10 Players
Figure 57. Competitive Dashboard
Figure 58. Competitive Heatmap of Top 10 Key Players
Figure 59. Siemens AG.: Net Sales ,($Million)
Figure 60. General Electric.: Net Sales ,($Million)
Figure 61. Mitsubishi Heavy Industries.: Net Sales ,($Million)
Figure 62. Ansaldo Energia.: Net Sales ,($Million)
Figure 63. Man Energy Solutions.: Net Sales ,($Million)
Figure 64. Kawasaki Heavy Industries.: Net Sales ,($Million)
Figure 65. Baker Hughes Company.: Net Sales ,($Million)
Figure 66. Caterpillar Inc..: Net Sales ,($Million)
Figure 67. Opra Turbines.: Net Sales ,($Million)
Figure 68. Vericor.: Net Sales ,($Million)
Figure 69. Mtu Aero Engines AG.: Net Sales ,($Million)
Figure 70. Zorya-Mashproekt.: Net Sales ,($Million)
Figure 71. Ethosenergy.: Net Sales ,($Million)
Figure 72. Proenergy.: Net Sales ,($Million)
Figure 73. Mjb International LLC.: Net Sales ,($Million)
Figure 74. Sulzer AG.: Net Sales ,($Million)
Figure 75. Centrax Gas Turbines.: Net Sales ,($Million)

Executive Summary

According to the report, titled, “Gas Turbine Service Market," the gas turbine service market size was valued at $19.6 billion in 2021, and gas turbine services industry is estimated to reach $32.1 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031.

A gas turbine is a combustion engine at the heart of a power plant that can convert natural gas or other liquid fuels to mechanical energy. This energy then drives a generator that produces the electrical energy that moves along power lines to homes and businesses. The continuous utilization of gas turbine in the power generation and oil gas industry causes wear & tear of certain parts which lead to the demand for the maintenance and repair to prolong the life of the equipment. The above mentioned is one of the major factor driving the growth of gas turbine service market.

The demand for gas turbines is rising in the power generation industry with new emission control regulations. The industrial sector, including chemicals, metals, and manufacturing industries, is a major contributor to the escalating demand for industrial gas turbines. The production of natural gas, which is required for the functioning of gas turbines, is growing at a significant rate. For instance, in 2019, according to IEA Natural Gas Information, natural gas production hit a new high of 4,088 billion cubic meters. Gas turbines are less expensive, environmentally friendly, reliable, and efficient than engines based on other fuel sources, which is propelling their demand. According to Eurostat, natural gas accounts for 36% of the EU energy consumption High use in applications such as heating, electricity generation, and marine vehicle functioning is bolstering the demand for natural gas turbines, which inturn boost the demand for the gas turbine service market growth.

The electric power, manufacturing, and marine transportation industries, among others, in developing countries are highly dependent on fossil fuels. Rise in population and the lack of supporting infrastructure for electric technologies are the major factors supporting the growth of gas turbine industry. The presence of alternative power generation sources which are eco-friendly to the environment compared to gas-fired power systems will hamper the development of the market.

The global gas turbine service market forecast is segmented on the basis of by turbine type, turbine capacity, service type, sales channel, end use and region.

On the basis of turbine type, it is segmented into heavy duty, industrial, and aeroderivative. On the basis of turbine capacity, the market is segmented into less than 100 MW, 100-200 MW, and more than 200 MW. On the basis of service type, it is segmented into maintenance & repair, overhaul, spare parts supply. On the basis of sales channel, the market is bifurcated into OEM and aftermarket. In addition, on the basis of end use, the global gas turbine service market is segmented into power generation, oil & gas, and others.

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest gas turbine service market share, followed by Asia-Pacific and Europe.

The major companies profiled in this report include Siemens AG, General Electric, Mitsubishi Heavy Industries, Ansaldo Energia, MAN Energy Solutions, Kawasaki Heavy Industries, Baker Hughes Company, Caterpillar, Opra Turbines, MTU Aero Engines AG, EthosEnergy, PROENERGY, MJB International LLC, Sulzer, and Centrax Gas Turbines. Due to rapidly development of industrialisation, modernization has led to the development of demand for power from heavy manufacturing industries, and light manufacturing industries which in-turn has fuelled the demand for gas turbine. The presence of the demand for the gas turbine and on-going Upgradation of various thermal power plants in the developing countries is driving the demand for gas turbine service market. Additional growth strategies such as expansion of production capacities, acquisition, partnership and research & innovation in the gas fired power generation systems has led to attain key developments in the global gas turbine service market trends.

Key Findings of the Study

  • North America would exhibit CAGR of 4.7% during 2022-2031.
  • As per global gas turbine service market analysis, by turbine type, the heavy duty segment accounted more than ½ market share in 2021.
  • By turbine capacity, more than 200 MW possess market share of 42.5% in 2021.
  • By service type, spare parts supply and maintenance & repair segment in total contributed market share of 88.4% in 2021.
  • By sales channel, aftermarket segment is expected to possess a CAGR of 5.5% from 2022 to 2031
  • By end use, power generation segment has largest market share in 2021.
  • Impact of COVID-19 on Global Gas Turbine Service Market:
  • COVID-19 has severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, business, financial institution, industrial establishments and infrastructure companies. The novel coronavirus has affected several economies and caused lockdown in many countries, which has limited the growth of the market. The shutdown of industrial manufacturers led to decline in the production of gas turbine, and hence led to decline in the demand for the gas turbine service market. The decrease in utilization of power in the industrial facilities across the globe during the outbreak had a negative impact on the development of the market.
  • In several countries, the renewable sector is mainly dependent on imports from other regions, primarily China. Around 60% of engines and generation sets are produced in the U.S. and are supplied across the globe. Gas based engines project developers worldwide are worried about project delays due to the slowdown of manufacturing in the U.S. Major suppliers are also observing production delays due to COVID-19, thereby causing a huge backlog for fulfilling orders. These factors hampered the growth of the market during the forecast period.
  • After global vaccination, the government of various countries has taken initiatives to increase the investment in the renewable energy related industries especially gas fired power systems. The increase in the investment is mostly to improve the national energy security during the pandemic and other crisis. The presence of above mentioned activities and change in policies due to outbreak of the pandemic is expected to have a positive impact on the development of the market during the forecast period.

Companies Mentioned

  • Siemens AG
  • General Electric
  • Mitsubishi Heavy Industries
  • Ansaldo Energia
  • Man Energy Solutions
  • Kawasaki Heavy Industries
  • Baker Hughes Company
  • Caterpillar Inc.
  • Opra Turbines
  • Vericor
  • Mtu Aero Engines AG
  • Zorya-Mashproekt
  • Ethosenergy
  • Proenergy
  • Mjb International LLC
  • Sulzer AG
  • Centrax Gas Turbines

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

Loading
LOADING...

Table Information

Report AttributeDetails
No. of Pages340
PublishedJuly 2022
Forecast Period2021 - 2031
Estimated Market Value ( USD ) in 2021 $ 19.6 billion
Forecasted Market Value ( USD ) by 2031 $ 32.1 billion
Compound Annual Growth Rate5.1%
Regions CoveredGlobal
No. of Companies Mentioned17

Related Topics

Related Reports

Gas Turbines Market by Type, Technology, Rating Capacity, Application - Global Forecast 2025-2030 - Product Image

Gas Turbines Market by Type, Technology, Rating Capacity, Application - Global Forecast 2025-2030

  • Report
  • 183 Pages
  • Global
From
Gas Turbine Market Report by Technology, Design Type, Rated Capacity, End User, and Region 2024-2032 - Product Image

Gas Turbine Market Report by Technology, Design Type, Rated Capacity, End User, and Region 2024-2032

  • Report
  • 148 Pages
  • Global
From
Aeroderivative Gas Turbine Market by Technology, Rating Capacity, Application - Global Forecast 2025-2030 - Product Image

Aeroderivative Gas Turbine Market by Technology, Rating Capacity, Application - Global Forecast 2025-2030

  • Report
  • 188 Pages
  • Global
From
Aeroderivative Gas Turbine Market by Capacity, Technology, Application, and Region 2024-2032 - Product Image

Aeroderivative Gas Turbine Market by Capacity, Technology, Application, and Region 2024-2032

  • Report
  • 138 Pages
  • Global
From
Combined Cycle Gas Turbine Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2024 To 2032 - Product Image

Combined Cycle Gas Turbine Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2024 To 2032

  • Report
  • 173 Pages
  • Global
From
Copyright © 2002-2024 Research and Markets. All Rights Reserved.