PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535630
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535630
Aeroderivative Gas Turbine Service Market Size - By Service (Maintenance, Repair, Overhaul), By Service Provider, By Application (Power Plants, Oil & Gas, Process Plants, Aviation, Marine), By Regional Outlook & Forecast, 2024 - 2032
Aeroderivative Gas Turbine Service Market size is projected to expand at over 9.2% CAGR from 2024 to 2032, led by the increasing launches and ongoing technological advancements. New models are continuously being introduced for incorporating the latest innovations to enhance performance, efficiency, and reliability. These advancements are enabling more efficient maintenance and optimization of gas turbines for various industrial applications.
Service providers are also integrating advanced diagnostic tools and predictive maintenance techniques to improve turbine longevity and operational efficiency. For instance, in April 2023, GE announced new options to reduce emissions on LM2500XPRESS aeroderivative gas turbines. This update offers enhanced environmental performance and efficiency for supporting efforts to minimize the environmental impact of turbine operations.
The overall market is segregated into service, application, service provider, and region.
Based on service, the aeroderivative gas turbine service market value from the overhaul segment is estimated to rise at significant rate from 2024 to 2032, due to the increasing focus on overhaul services to ensure optimal performance and reliability. Service providers are performing comprehensive inspections, repairs, and upgrades to maintain the efficiency and longevity of these turbines. This involves detailed assessments and the replacement of worn components to restore turbines to their peak condition.
Aeroderivative gas turbine service industry from the non-OEM service provider segment is anticipated to expand at substantial CAGR through 2032, owing to the increasing demand for maintenance and repair solutions that complement original equipment manufacturer offerings. These providers deliver tailored services including overhauls, upgrades, and troubleshooting to ensure that turbines operate efficiently and reliably. They are also incorporating advanced diagnostic tools and innovative repair techniques to enhance the performance and reduce operational downtime.
Regionally, the North America aeroderivative gas turbine service market size is projected to depict robust growth between 2024 and 2032, on account of the global industrialization and urbanization. With the growth of industries and development of urban areas, the demand for reliable and efficient power solutions is continuously increasing. In addition, the ongoing industrialization and urbanization are driving additional advancements in turbine service practices, leading to more efficient and innovative solutions across the region.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Market estimates & forecast parameters
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid
- 1.4.2.2 Public
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Regulatory landscape
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
- 3.4 Growth potential analysis
- 3.5 Porter's Analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL Analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Strategic outlook
- 4.2 Innovation & sustainability landscape
Chapter 5 Market Size and Forecast, By Service (USD Million)
- 5.1 Key trends
- 5.2 Maintenance
- 5.3 Repair
- 5.4 Overhaul
- 5.5 Others
Chapter 6 Market Size and Forecast, By Service Provider (USD Million)
- 6.1 Key trends
- 6.2 OEM
- 6.3 Non-OEM
Chapter 7 Market Size and Forecast, By Application (USD Million)
- 7.1 Key trends
- 7.2 Power plants
- 7.3 Oil & gas
- 7.4 Process plants
- 7.5 Aviation
- 7.6 Marine
- 7.7 Others
Chapter 8 Market Size and Forecast, By Region (USD Million)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 France
- 8.3.3 Germany
- 8.3.4 Russia
- 8.3.5 Italy
- 8.3.6 Netherlands
- 8.3.7 Finland
- 8.3.8 Greece
- 8.3.9 Denmark
- 8.3.10 Romania
- 8.3.11 Poland
- 8.3.12 Sweden
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Australia
- 8.4.4 Japan
- 8.4.5 South Korea
- 8.4.6 Indonesia
- 8.4.7 Thailand
- 8.4.8 Malaysia
- 8.4.9 Bangladesh
- 8.5 Middle East & Africa
- 8.5.1 Saudi Arabia
- 8.5.2 UAE
- 8.5.3 Qatar
- 8.5.4 Kuwait
- 8.5.5 Oman
- 8.5.6 Egypt
- 8.5.7 Turkey
- 8.5.8 Bahrain
- 8.5.9 Iraq
- 8.5.10 Jordan
- 8.5.11 Lebanon
- 8.5.12 South Africa
- 8.5.13 Nigeria
- 8.5.14 Algeria
- 8.5.15 Kenya
- 8.5.16 Ghana
- 8.6 Latin America
- 8.6.1 Brazil
- 8.6.2 Argentina
- 8.6.3 Peru
- 8.6.4 Chile
Chapter 9 Company Profiles
- 9.1 Ansaldo Energia
- 9.2 Baker Hughes Company
- 9.3 Centrax Gas Turbines
- 9.4 Caterpillar
- 9.5 EthosEnergy
- 9.6 General Electric
- 9.7 Kawasaki Heavy Industries, Ltd.
- 9.8 MJB International Limited LLC
- 9.9 Mitsubishi Heavy Industries Ltd.
- 9.10 MAN Energy Solutions
- 9.11 MTU Aero Engines AG
- 9.12 Opra Turbines
- 9.13 PROENERGY
- 9.14 Siemens
- 9.15 Sulzer Ltd.
- 9.16 UEC-Saturn
- 9.17 VERICOR
- 9.18 Zorya-Mashproekt
