PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1933238
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1933238
The global gas turbine Maintenance, Repair, and Overhaul (MRO) market is witnessing steady growth due to rising electricity demand, aging energy infrastructure, and a shift towards cleaner power generation technologies. The market was valued at USD 15.55 billion in 2025, projected to reach USD 16.04 billion in 2026, and expected to attain USD 20.81 billion by 2034, reflecting a CAGR of 3.31% during the forecast period. In 2025, North America dominated the market with a share of 33.38%, while Asia Pacific is expected to witness strong growth due to rapid industrialization and infrastructure expansion.
Market Overview
Gas turbines are engines that convert combustion energy into mechanical energy to generate electricity. They are extensively used in energy generation and oil & gas sectors. Regular MRO services are crucial to ensure operational efficiency, minimize downtime, and extend equipment lifespan. Increasing global electricity consumption, along with aging turbine fleets, drives the demand for regular maintenance, component upgrades, and predictive service agreements.
The COVID-19 pandemic caused disruptions across global economies; however, the gas turbine MRO market remained resilient. While commercial and industrial electricity demand temporarily declined, residential electricity usage remained high, underscoring the essential nature of continuous power supply and supporting market stability.
Market Drivers
The adoption of IoT, sensors, and AI-powered analytics enables operators to predict equipment failures, optimize maintenance schedules, and reduce downtime. Real-time monitoring allows remote diagnostics, enhances response times, and lowers travel and operational costs. Digital platforms improve transparency and collaboration between service providers and stakeholders, boosting efficiency and safety.
Replacing coal-fired and nuclear turbines with natural gas turbines is gaining momentum globally. Governments aim to reduce greenhouse gas emissions and environmental pollution. For example, Southern Co. announced plans to decommission coal plants by 2030 in favor of cleaner electricity generation. Natural gas turbines, while still emitting CO2, are comparatively environmentally friendly, driving demand for MRO services.
The global energy sector relies on older turbine fleets that require overhauls and modernization to maintain reliability. Rising electricity demand due to urbanization and smart city projects incentivizes investments in turbine maintenance, upgrades, and new installations.
Market Restraints
The growing adoption of renewable energy sources such as solar and wind is a major restraint. Renewable systems do not require gas turbines, potentially limiting long-term MRO demand. Heavy investments in renewable energy projects and global climate commitments may divert resources away from conventional turbine operations.
Market Trends
Upgrades and Aero-Derivative Technology:
Operators increasingly adopt aero-derivative turbines for flexibility, mobility, and diverse applications such as marine propulsion, district heating, and power generation. These technologies allow rapid deployment and efficient operations, and the segment is projected to record considerable growth during the forecast period.
Digitalization of MRO Operations:
The integration of digital platforms, AI, and predictive analytics enables customized maintenance schedules, remote monitoring, and proactive troubleshooting. These technologies are reshaping the MRO landscape, improving reliability, and lowering operational costs.
By Technology: The market is segmented into heavy duty, light industrial, and aero-derivative turbines. Aero-derivative turbines are expected to witness substantial growth due to their mobility, operational flexibility, and suitability for emerging applications.
By End-User: The power utilities segment dominated in 2026 with 53.34% share, driven by widespread replacement of coal-fired and steam turbines. Other end-users include oil & gas, manufacturing, and aviation, all requiring MRO for operational efficiency.
Competitive Landscape
Key players in the gas turbine MRO market include GE (U.S.), Siemens (Germany), Mitsubishi Hitachi Power Systems (Japan), Ansaldo Energia (Italy), Solar Turbines (U.S.), Kawasaki Heavy Industries (Japan), Baker Hughes (U.S.), Bharat Heavy Electricals (India), PJSC UEC-Saturn (Russia), and OPRA Turbines (Netherlands). Companies focus on product upgrades, service agreements, and digital MRO solutions to extend turbine life and improve efficiency. Notable developments include GE's partnership with MYTILINEOS to supply 200 MW reserve power in Ireland (2022) and Mitsubishi's 16-year service agreements for M701F turbines in Egypt (2021).
Conclusion
The global gas turbine MRO market is poised to grow from USD 15.55 billion in 2025 to USD 20.81 billion by 2034, driven by aging turbine infrastructure, increased adoption of gas turbines, digital MRO solutions, and environmental regulations encouraging cleaner power generation. Despite the rising adoption of renewable energy sources, the critical need for reliable electricity and turbine maintenance ensures a steady demand for MRO services across power utilities, industrial sectors, and emerging markets globally.
Segmentation By Technology
By End-user
By Region