2023 Projections: Gas Turbine Service Market Report by Type, Application and Regional Outlook
Date: 2019-01-10   Author: Partha Ray  Category: #industry

2023 Projections: Gas Turbine Service Market Report by Type, Application and Regional Outlook

Market Study Reports research on Gas Turbine Service market is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Gas Turbine Service market also includes an in-depth study of the industry’s competitive scenario.

In this report, we study the services for gas turbine. Stringent emission regulations for gas turbines and upgradation of aging fleet of gas turbine drive the market for gas turbine Services.,A gas turbine, also called a combustion turbine, is a type of internal combustion engine. It has an upstream rotating compressor coupled to a downstream turbine, and a combustion chamber or area, called a combustor, in between.

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This report studies the Gas Turbine Service market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Gas Turbine Service market by product type and applications/end industries.

The classification of gas turbine services includes heavy duty services and aero-derivative services, and the proportion of heavy duty services is about 79% in 2017, and the proportion is in increasing trend from 2013 to 2017.

Gas turbine services are for power generation, oil & gas and other field. The most proportion of gas turbine services is for power generation, and the revenue in 2017 is about 7.94 billion USD.

Middle East region enjoys largest revenue market share in the world, with a revenue market share nearly 31.8% in 2017. Following Middle East, North America is the second largest place with the revenue market share of 24.9%. North America has large number of existing and aging gas turbines fleet in the U.S. and Canada. Large number of long term service agreements for gas turbine services are also seen this region. In addition, demand for gas turbine services for mechanical drive application for process industry will also drive the market for gas turbines services in North America.

The global Gas Turbine Service market is valued at 16500 million USD in 2017 and is expected to reach 21000 million USD by the end of 2023, growing at a CAGR of 4.1% between 2017 and 2023.

The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.

North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Gas Turbine Service.

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Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.

What does the Gas Turbine Service market report incorporate in terms of the regional terrain of the industry?

  • The report provides an insight into the geographical landscape of this business space, segmented into North America, Europe, Asia-Pacific, South America & Middle East and Africa, with reference to pivotal parameters.
  • Significant information with respect to the market share that every region accounts for, in conjunction with the sales that every place holds have been delivered in the research study.
  • The revenue that every region held in the base year in tandem with the projected growth rate over the forecast timeline have been enumerated as well.

What does the Gas Turbine Service market report include as far as the competitive landscape of the industry is considered?

  • The report is inclusive of an in-depth analysis of the competitive terrain of the Gas Turbine Service market that essentially constitutes the companies such as General Electric, Mitsubishi Hitachi Power Systems, Siemens, Wood Group, Kawasaki Heavy Industries, Solar Turbines, MTU Aero Engines, Ansaldo Energia, Sulzer, MAN Diesel & Turbo, MJB International and Proenergy Services.
  • A generic overview of every manufacturer, production base, and sales regions have been elucidated in the report.
  • Data regarding the equipment sales, price models, as well as gross margins have been enumerated in the study.
  • Further, the study delivers an outline of the firm with respect to the position it presently holds in the Gas Turbine Service market, while also presenting information with regards to the market share held by every company and the revenue it accounts for, in addition to the financial overview of the vendor.

Table of Contents

1 Gas Turbine Service Market Overview

1.1 Product Overview and Scope of Gas Turbine Service

1.2 Classification of Gas Turbine Service by Types

1.2.1 Global Gas Turbine Service Revenue Comparison by Types (2017-2023)

1.2.2 Global Gas Turbine Service Revenue Market Share by Types in 2017

1.2.3 Heavy Duty Services

1.2.4 Aero-Derivative Services

1.3 Global Gas Turbine Service Market by Application

1.3.1 Global Gas Turbine Service Market Size and Market Share Comparison by Applications (2013-2023)

1.3.2 Power Generation

1.3.3 Oil & Gas

1.3.4 Other

1.4 Global Gas Turbine Service Market by Regions

1.4.1 Global Gas Turbine Service Market Size (Million USD) Comparison by Regions (2013-2023)

1.4.1 North America (USA, Canada and Mexico) Gas Turbine Service Status and Prospect (2013-2023)

1.4.2 Europe (Germany, France, UK, Russia and Italy) Gas Turbine Service Status and Prospect (2013-2023)

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia) Gas Turbine Service Status and Prospect (2013-2023)

1.4.4 South America (Brazil, Argentina, Colombia) Gas Turbine Service Status and Prospect (2013-2023)

1.4.5 Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) Gas Turbine Service Status and Prospect (2013-2023)

1.5 Global Market Size of Gas Turbine Service (2013-2023)

2 Manufacturers Profiles

2.1 General Electric

2.1.1 Business Overview

2.1.2 Gas Turbine Service Type and Applications

2.1.2.1 Product A

2.1.2.2 Product B

2.1.3 General Electric Gas Turbine Service Revenue, Gross Margin and Market Share (2016-2017)

2.2 Mitsubishi Hitachi Power Systems

2.2.1 Business Overview

2.2.2 Gas Turbine Service Type and Applications

2.2.2.1 Product A

2.2.2.2 Product B

The research study in Gas Turbine Service market is essentially a detailed evaluation of this business space, that is touted to register a commendable annual growth rate over the forecast period. The report is also inclusive of significant information with respect to the Gas Turbine Service market dynamics – as in, the driving factors influencing the commercialization landscape of this business, myriad opportunities prevalent in this industry, and the various risks that this market is characterized by.

For More Details On this Report: https://www.marketstudyreport.com/reports/global-gas-turbine-service-market-2018-by-manufacturers-countries-type-and-application-forecast-to-2023

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About Author


Partha Ray

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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