Gas Turbine Services Market by Value, by Region, by
Segment, and Key Players 2016-2021
The report "Gas Turbine Services Market by Type (Heavy Duty, and Aero-Derivative), Service
(Maintenance, Repair, and Overhaul), End-User (Power Generation, Oil & Gas), Service
Provider (OEM, and NON-OEM), and Region - Global Forecast to 2021", is projected to grow
at a CAGR of 4.1% from 2016 to 2021 to reach USD 18.45 Billion by 2021, up from estimated
value of USD 15.11 Billion in 2016. Stringent emission regulations for gas turbines and
upgradation of aging fleet of gas turbine drives the market for gas turbine services.
Browse 65 market data tables and 47 figures spread through 157 pages and in -depth TOC
on “Gas Turbine Services Market by Type (Heavy Duty, and Aero-Derivative), Service
(Maintenance, Repair, and Overhaul), End-User (Power Generation, Oil & Gas), Service
Provider (OEM, and NON-OEM), and Region - Global Forecast to 2021”
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222659497.html
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Maintenance segment is expected to hold the largest share of gas turbine services market,
by service, during the forecast period
Maintenance service led the overall gas turbine services market in 2015, and is expected to
dominate during the forecast period. Almost half of the gas turbine services market is expected
to be dominated by the maintenance service owing to rise in demand inspection and monitoring
services for newly installed gas turbines. In addition, advent of gas turbine monitoring services
such as intelligent condition monitoring and big data analytics for preventive and predictive
maintenance will drive the market for maintenance services. However, the overhaul services is
expected to grow at a fastest rate during the forecast period.
Power generation to dominate the gas turbine services market, by end-user during the
forecast period
Power generation is expected to hold almost half of the gas turbine market during the forecast
period. The market is driven by the rise in demand for gas turbines for combined cycle power
plants. The total gas turbine installation capacity for power generation exceeded about more
than 50 GW in 2015. These turbines will require frequent inspection and maintenance of parts
such as rotors, blades, and liners among others. This will drive the market for power generation