PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1798893
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1798893
Global Gas Turbine MRO in Power Industry Market to Reach US$16.4 Billion by 2030
The global market for Gas Turbine MRO in Power Industry estimated at US$14.7 Billion in the year 2024, is expected to reach US$16.4 Billion by 2030, growing at a CAGR of 1.9% over the analysis period 2024-2030. Maintenance Service, one of the segments analyzed in the report, is expected to record a 2.2% CAGR and reach US$9.1 Billion by the end of the analysis period. Growth in the Repair Service segment is estimated at 1.3% CAGR over the analysis period.
The U.S. Market is Estimated at US$4.0 Billion While China is Forecast to Grow at 3.8% CAGR
The Gas Turbine MRO in Power Industry market in the U.S. is estimated at US$4.0 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$3.1 Billion by the year 2030 trailing a CAGR of 3.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.6% and 1.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.0% CAGR.
Global Gas Turbine MRO in Power Industry Market - Key Trends & Drivers Summarized
Why Is MRO Critical to Sustaining Performance in Gas Turbine Power Plants?
Gas turbines are vital components in thermal power generation, providing high-efficiency electricity output through combined-cycle and open-cycle operations. Maintenance, repair, and overhaul (MRO) services ensure operational reliability, efficiency retention, and regulatory compliance over the turbine’s lifecycle. As power producers aim to maximize asset uptime and reduce unscheduled outages, MRO has become an essential function in overall power plant performance strategy.
Gas turbine components such as blades, combustors, and rotors are subject to high thermal and mechanical stress. Regular inspection and refurbishment prevent fatigue failures and ensure consistent combustion efficiency. In deregulated electricity markets, asset availability directly influences profitability, making preventive and predictive maintenance practices essential. MRO not only restores mechanical integrity but also enables technology upgrades that improve emissions control and fuel adaptability.
How Are MRO Practices Evolving with Advanced Diagnostics and Digital Integration?
Condition-based monitoring is replacing traditional time-based maintenance schedules. Sensors and diagnostic tools monitor vibration, temperature, pressure, and emissions in real time. These inputs are fed into asset management platforms to assess component health and prioritize maintenance interventions. Turbine operators are using borescope inspections, thermal imaging, and acoustic monitoring to detect early signs of wear or combustion irregularities.
Digital twins and simulation models are being integrated to predict degradation patterns and assess the impact of operational adjustments on turbine health. AI-powered analytics support lifecycle cost optimization, enabling data-driven decisions for refurbishment, replacement, or component upgrades. Repair facilities are adopting additive manufacturing and advanced welding techniques for blade repair, extending component life and reducing lead times. As turbines age, these capabilities allow operators to maintain performance without full replacement.
Where Is Demand for Gas Turbine MRO Expanding in the Power Sector?
MRO demand is growing in both developed and developing power markets. In North America and Europe, aging turbine fleets require component replacement, control system upgrades, and life extension programs. In Asia-Pacific, rapid capacity additions are entering mid-life maintenance cycles, creating strong demand for inspection, parts replacement, and combustion tuning. Independent power producers and utilities alike are investing in long-term service agreements to reduce risk and stabilize maintenance costs.
Demand is also rising from gas-fired peaker plants, which operate intermittently to support renewable integration. These turbines experience high cycling frequency and require specialized MRO solutions to manage thermal stress and maintain ramping capabilities. Growth in cogeneration and industrial captive power systems further supports aftermarket service opportunities, especially for smaller frame turbines. As power systems transition to more flexible gas-based generation, MRO becomes a key enabler of operational resilience.
What Is Driving Growth in the Gas Turbine MRO Market in Power Industry?
Growth in the gas turbine MRO market in power industry is driven by several factors related to aging infrastructure, flexible operation demands, and digital monitoring adoption. Increasing reliance on gas-fired power plants for grid balancing and peaking support is accelerating wear cycles, raising demand for inspection and repair services. Advances in remote diagnostics, predictive maintenance, and parts refurbishment are improving MRO efficiency and reducing unplanned downtime. Growth is also supported by extended turbine lifespans, component degradation under cycling conditions, and the need for emissions compliance upgrades. As turbine operators prioritize availability, cost control, and performance optimization, MRO services are playing a central role in sustaining gas-based power generation assets.
SCOPE OF STUDY:
The report analyzes the Gas Turbine MRO in Power Industry market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Service (Maintenance Service, Repair Service, Overhaul Service); Provider Type (OEMs Provider, Independent Service Providers, In-house Provider)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Select Competitors (Total 32 Featured) -
AI INTEGRATIONS
We're transforming market and competitive intelligence with validated expert content and AI tools.
Instead of following the general norm of querying LLMs and Industry-specific SLMs, we built repositories of content curated from domain experts worldwide including video transcripts, blogs, search engines research, and massive amounts of enterprise, product/service, and market data.
TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.