Gas Turbine MRO Market, By Service Type (Maintenance, Repair, Overhaul), By Provider Type (OEM, Independent Service Providers, In-house), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Description

The global gas turbine MRO market was valued at US$ 12.25 Bn in 2022 and is expected to exhibit a CAGR of 6.6% over the forecast period (2023-2030) to reach US$ 20.51 Bn by 2030.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 12.25 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	6.60%	2030 Value Projection:	US$ 20.51 Bn

Figure 1. Global Gas Turbine MRO Market Value Share (%), By Provider Type, 2022

Global gas turbine MRO services are critical to the success of power generation businesses, as these services increase operational efficiency. The global gas turbine MRO (maintenance, repair, and overhaul) market refers to the industry that provides services to maintain, repair, and overhaul gas turbines used in various applications such as power generation, oil and gas, aviation, and marine. The market includes both OEM (original equipment manufacturer) and third-party service providers. Gas turbines are widely used in power plants, oil and gas facilities, and other industrial applications to generate electricity and provide mechanical power. As these turbines operate continuously, they require regular maintenance and repair to ensure optimal performance and prevent downtime.

Market Dynamics:

The need for maintenance services for gas turbine MRO in the power sector, the increasing shutdown of the coal fleet, and shifting to a net-zero electricity mix are fueling growth of the global gas turbine MRO market in the power sector. However, growth in the renewable energy sector is expected to act as a restraining factor for market growth. The growth of the market is driven by factors such as the increasing demand for electricity, the aging gas turbine fleet, and the need for efficient and reliable operations. The demand for gas turbines has been declining due to the increasing adoption of renewable energy sources such as wind and solar power. This could lead to a decrease in the demand for gas turbine MRO services. Gas turbine MRO services can be expensive, especially for older turbines that require more frequent maintenance. This could limit the adoption of these services by some companies.

Key features of the study:

This report provides an in-depth analysis of the global gas turbine MRO market in the power sector, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global gas turbine MRO market in the power Sector based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include General Electric Company, Mitsubishi Heavy Industries Ltd, RWG (Repair & Overhauls) Limited, Metalock Engineering Group, Goltens Worldwide Management Corporation, Siemens Energy AG, Sulzer Ltd, Doosan Heavy Industries and Construction, Solar Turbines Incorporated, and Ethos Energy LLC
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global gas turbine MRO market in the power sector report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global gas turbine MRO market in the power sector

Detailed Segmentation:

By Service Type:
- Maintenance
- Repair
- Overhaul
By Provider Type:
- OEM
- Independent Service Providers
- In-house
By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Company Profiles
- General Electric Company
- Mitsubishi Heavy Industries Ltd
- RWG (Repair & Overhauls) Limited
- Metalock Engineering Group
- Goltens Worldwide Management Corporation
- Siemens Energy AG
- Sulzer Ltd
- Doosan Heavy Industries and Construction
- Solar Turbines Incorporated
- Ethos Energy LLC

Product Code: CMI5172

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By Service Type
- Market Snapshot, By Provider Type
- Market Snapshot, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Need for maintenance service of gas turbine MRO in power sector
- Gas turbines' aging infrastructure is driving market expansion
Market Restraints
Market Opportunities
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Gas Turbine MRO Market- Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Gas Turbine MRO Market, By Service Type, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2023-2030
- Segment Trends
Maintenance
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Repair
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Overhaul
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)

6. Global Gas Turbine MRO Market, By Provider Type, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2023-2030
- Segment Trends
OEM
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Independent Service Providers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
In-house
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)

7. Global Gas Turbine MRO Market, By Region, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2023-2030
- Country Trends
North America
- Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Provider Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
U.S
Canada
Europe
- Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Provider Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Provider Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Provider Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
Brazil
Argentina
Mexico
Middle East
- Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Provider Type2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
GCC Countries
Israel
Rest of Middle East
Africa
- Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Provider Type , 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
South Africa
North Africa
Central Africa

8. Competitive Landscape

General Electric Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Mitsubishi Heavy Industries Ltd
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
RWG (Repair & Overhauls) Limited
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Metalock Engineering Group
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Goltens Worldwide Management Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Siemens Energy AG
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Sulzer Ltd
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Doosan Heavy Industries and Construction
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Solar Turbines Incorporated
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Ethos Energy LLC
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Analyst Views

9. Section

Research Methodology
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