Zion Market Research Global Gas Turbine Services Market, 2016–2024 | Page 3

Gas Turbine Services Market
Global Gas Turbine Services Market by Segmentation: The gas turbine services market
segment is bifurcated based on the service, type, service provider, and end-user industry.
The type segment is divided for heavy-duty and aero-derivative. The service segment is
classified into repair, overhaul, and maintenance. The service provider segment is
categorized into OEM and non-OEM. The end user segment is grouped into oil and gas,
power generation, and other industries. The maintenance and power generation segment is
expected to dominate the global gas turbine services market.
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Global Gas Turbine Services Market by Regional Analysis: North America dominates
the global gas turbine services market because of the increasing fleet in the existing and
aging gas turbines and also the stringent government regulatory emission norms in the
regions such as the U.S. and Canada. The Middle East and Africa, especially the Middle
East region, is expected to show rapid growth in the market due to the growing gas turbine
installation for the combined cycle power plants. Europe proves to be a region of high
potential for the market due to the increasing industrialization and urbanization in the
Central and eastern European region. The rising need for power in the developing region
such as Latin America, owing to the over utilization of the natural gas reserves in the region,
is expected to fuel the market in the region.