Gas Turbine Services Market, Size, Share, Outlook and Growth Opportunities 2019-2025
- ID:OGA1903MVEN257
- Published: March-2021
- Pages:140
- OG Analysis
Global Gas Turbine Services Market, Size, Share, Outlook and Growth Opportunities to 2025: By Type (Heavy Duty, Industrial, and Aeroderivative), By Application (Power Generation, Oil and Gas, and Others), By Capacity (<100 MW, 100-200 MW, and >200 MW), By Service Provider (OEM, Non- OEM), and By Region
Key Highlights
- The global Gas Turbine Services market is set to grow at a CAGR of 4.17% during the forecast period 2019-2025.
- Asia Pacific dominates the global Gas Turbine Services market value in 2018 with a market value of $ 4269.07 million and is estimated to dominate the market over the forecast period 2019-2025.
- Increasing costs of spare parts, transportation and labor along with less availability of skilled professionals is estimated to challenge the global Gas Turbine Services market.
- Based on capacity, >200 MW occupies the largest share, which is anticipated to reach a market value of $ 8,996.8 Million by 2025 in Gas Turbine Services market.
Gas Turbine Services market growth is primarily driven by increase in demand for gas turbine services from natural gas power plant owners.
The companies in the industry are offering innovative services in order to meet upcoming demands of power plant operators with advancements in technologies such as E, F and H class technology. Requirement for enhanced efficiency of gas turbines is necessitating the operators to adopt gas turbine services for power plants.
Increasing demand for power generation owing to growing population worldwide and rising need to reduce CO2 emissions are promoting the growth of global Gas Turbine Services market.
Based on service provider, OEM is the major service provider, which is forecasted to reach a CAGR value of 3.63% during 2019-2025. Due to high technological and financial capabilities, broad geographical presence, skilled workforce, and brand value of OEMs are the factors that enhance the demand of OEM in the market.
The growth rate of global gas turbine services market is increasing worldwide, particularly in Asia Pacific and North America owing to presence of wide number aging gas turbine fleet coupled with technological advancements. Furthermore, the increasing number of long term service agreements (LTSAs) for gas turbine services across regions will further drive the industry growth.
Global Gas Turbine Services Market Insights
The 2019 series of global market size, share, outlook, trends and growth prospects is a comprehensive analysis on global Gas Turbine Services market conditions. Major trends shaping the near and long term future of the industry, opportunities, drivers and restraints of Gas Turbine Services market, detailed porter’s five forces analysis and competitive insights are included in the research report.
Global Gas Turbine Services Market Share by Type
The report presents the detailed annual outlook of each phase of the Gas Turbine Services market to 2025. The report studied 3 types including Heavy Duty, Industrial, and Aeroderivative. Of these Heavy Duty occupies major share in the global industry.
Global Gas Turbine Services Market forecasts by Application
The report provides detailed Gas Turbine Services market forecasts by various mobility applications including Power Generation, Oil and Gas, and Others. Power Generation occupies major share in the global industry.
Global Gas Turbine Services Market Size by Capacity
The report presents in-depth insights into each of the leading Gas Turbine Services capacity along with annual forecasts to 2025. Various applications that are studied in the report include <100 MW, 100-200 MW, and >200 MW. >200 MW occupies major share in the global industry.
Global Gas Turbine Services Market Size by Service Provider
The report presents in-depth insights into each of the leading Gas Turbine Service providers along with annual forecasts to 2025. Various service providers that are studied in the report include OEM, Non-OEM. OEM occupies major share in the global industry.
Global Gas Turbine Services Market Revenue by Region
The current Gas Turbine Services market size in terms of revenue across 5 regions including North America, Europe, Asia Pacific, South & Central America and Middle East & Africa are studied in the report. In addition, historic data from 2017 and annual forecasts to 2025 are also included in the research report. Globally, Asia Pacific is the major revenue contributor to the global market.
Global Gas Turbine Services Market Analysis by Company
Top 5 leading companies in global Gas Turbine Services market are analyzed in the report along with their business overview, operations, geographical locations, financial analysis, SWOT profile and Gas Turbine Services products & services.
Global Gas Turbine Services Market News and Recent Developments
Latest news and industry developments in terms of Gas Turbine Services capacity expansions, acquisitions, organic & inorganic growth strategies, joint ventures and collaborations, product launches, market expansions etc are included in the report.
Scope
Long term perspective on the Gas Turbine Services industry: 2018 (base year), 2019- 2025 (forecast period)
Gas Turbine Services Market- Forecasts by Segments- Type, Applications, Capacity and Service Providers by geography.
- It provides the Gas Turbine Services market outlook by 3 types including Heavy Duty, Industrial, and Aeroderivative.
- The research work categorizes the global Gas Turbine Services market based on application into 3 categories including Power Generation, Oil and Gas, and Others.
- It provides the market outlook by 4 capacity including <100 MW, 100-200 MW, and >200 MW.
- It provides the market outlook by 2 Service Provider including OEM, Non-OEM.
- Gas Turbine Services market across countries in 5 regions including North America, Europe, Asia-Pacific, South & Central America and Middle East & Africa are covered.
Gas Turbine Services Market- Strategic Analysis Review
- Key strategies opted by leading players
- Short to Long Term Industry Trends
- Porter’s Five Forces Analysis
- Supply side and Demand Side Drivers and Challenges
Gas Turbine Services Market- Growth Opportunities
1. Potential New Business Opportunities
2. Key Areas of Focus in forecast period
Gas Turbine Services Market- Competitive Scenario
5 companies are analysed in the report including Ansaldo Energia, General Electric Company, KAWASAKI, Mitsubishi Hitachi Power Systems, Ltd., Siemens Aktiengesellschaft.
- Company Peer-to-Peer Comparison
- Company Profile and SWOT Analysis
- Financial Analysis
Table of Contents
1. Table of Contents
1.1 List of Tables
1.2 List of Figures
2. Introduction to Global Gas Turbine Services Market
2.1 Global Gas Turbine Services Market Snapshot, 2018
2.2 Gas Turbine Services Industry Overview
2.3 Research Perspective
3. Global Gas Turbine Services Market- Strategic Analysis
3.1 Short Term and Long Term Industry Trends Affecting Global Gas Turbine Services Market
3.2 Leading Gas Turbine Services Types Targeted by Global Manufacturers
3.3 Key Consumption Patterns of Gas Turbine Services
3.4 Potential Markets Vital for business Expansion
3.5 Five Forces Analysis
3.6 Drivers and Restraints
4. Global Gas Turbine Services Market Outlook and Growth Opportunities by Type
4.1 Heavy Duty Market Outlook, 2019- 2025
4.2 Industrial Market Outlook, 2019- 2025
4.3 Aeroderivative Market Outlook, 2019- 2025
5. Global Gas Turbine Services Market Outlook and Growth Opportunities by Application
5.1 Power Generation Demand in Gas Turbine Services Market Outlook, 2019- 2025
5.2 Oil and Gas Demand Gas Turbine Services Market Outlook, 2019- 2025
5.3 Others Demand in Gas Turbine Services Market Outlook, 2019- 2025
6. Global Gas Turbine Services Market Outlook and Growth Opportunities by Capacity
6.1 Gas Turbine Services Demand in <100 MW capacity, Market Outlook, 2019- 2025
6.2 Gas Turbine Services Demand in 100-200 MW capacity, Market Outlook, 2019- 2025
6.3 Gas Turbine Services Demand in Cellular>200 MW capacity, Market Outlook, 2019- 2025
7. Global Gas Turbine Services Market Outlook and Growth Opportunities by Service provider
7.1 OEM service provider, Market outlook, 2019-2025
7.2 NON-OEM service provider, Market outlook, 2019-2025
8. Asia Pacific Gas Turbine Services Market Outlook and Growth Opportunities
8.1 Key Findings, 2018
8.2 Asia Pacific Gas Turbine Services Market Outlook by Type, 2019- 2025
8.3 Asia Pacific Gas Turbine Services Market Outlook by Application, 2019- 2025
8.4 Asia Pacific Gas Turbine Services Market Outlook by Capacity, 2019- 2025
8.5 Asia Pacific Gas Turbine Services Market Outlook by Service Provider, 2019- 2025
8.6Asia Pacific Gas Turbine Services Market Outlook by Country, 2019- 2025
9. Europe Gas Turbine Services Market Outlook and Growth Opportunities
9.1 Key Findings, 2018
9.2 Europe Gas Turbine Services Market Outlook by Type, 2019- 2025
9.3 Europe Gas Turbine Services Market Outlook by Application, 2019- 2025
9.4 Europe Gas Turbine Services Market Outlook by Capacity, 2019- 2025
9.5 Europe Gas Turbine Services Market Outlook by Service Provider, 2019- 2025
9.6 Europe Gas Turbine Services Market Outlook by Country, 2019- 2025
10. North America Gas Turbine Services Market Outlook and Growth Opportunities
10.1 Key Findings, 2018
10.2 North America Gas Turbine Services Market Outlook by Type, 2019- 2025
10.3 North America Gas Turbine Services Market Outlook by Application, 2019- 2025
10.4 North America Gas Turbine Services Market Outlook by Capacity, 2019- 2025
10.5 North America Gas Turbine Services Market Outlook by Service Provider, 2019- 2025
10.6 North America Gas Turbine Services Market Outlook by Country, 2019- 2025
11. South & Central America Gas Turbine Services Market Outlook and Growth Opportunities
11.1 Key Findings, 2018
11.2 South & Central America Gas Turbine Services Market Outlook by Type, 2019- 2025
11.3 South & Central America Gas Turbine Services Market Outlook by Application, 2019- 2025
11.4 South & Central America Gas Turbine Services Market Outlook by Capacity, 2019- 2025
11.5 South & Central America Gas Turbine Services Market Outlook by Service Provider, 2019- 2025
11.6 South & Central America Gas Turbine Services Market Outlook by Country, 2019- 2025
12. Middle East & Africa Gas Turbine Services Market Outlook and Growth Opportunities
12.1 Key Findings, 2018
12.2 Middle East & Africa Gas Turbine Services Market Outlook by Type, 2019- 2025
12.3 Middle East & Africa Gas Turbine Services Market Outlook by Application, 2019- 2025
12.4 Middle East & Africa Gas Turbine Services Market Outlook by Capacity, 2019- 2025
12.5 Middle East & Africa Gas Turbine Services Market Outlook by Service Provider, 2019- 2025
12.6 Middle East & Africa Gas Turbine Services Market Outlook by Country, 2019- 2025
13. Competitive Landscape
13.1 Leading Players (Company Profile, SWOT Analysis, Gas Turbine Services Products, Financial Analysis)
13.1.1 Ansaldo Energia
13.1.2 KAWASAKI
13.1.3 General Electric Company
13.1.4 Mitsubishi Hitachi Power Systems, Ltd.,
13.1.5 Siemens Aktiengesellschaft
13.2 Company Benchmarking
13.3 Financial Analysis
14. Recent News and Deals Landscape
14.1 Mergers and Acquisitions
14.2 New Product Launches
14.3 Asset Transactions
14.4 Financial Announcements
15. Appendix
15.1 OG Analysis Expertise
15.2 Sources and Research Methodology
15.3 Contact Information
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