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Gas Turbine Services Market by Type (Heavy Duty, and Aero-Derivative), Service (Maintenance, Repair, and Overhaul), End-User (Power Generation, Oil & Gas), Service Provider (OEM, and NON-OEM), and Region - Global Forecast to 2021

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Date: 17-Nov-2016
No. of pages: 157
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“Gas turbine services market is projected to grow at a CAGR of 4.1% from 2016 to 2021”

The gas turbine services market is projected to reach USD 18.45 billion by 2021, growing at a CAGR of 4.1% from 2016 to 2021. Gas turbine services are done for both heavy-duty and aero-derivative type of gas turbines. Rise in gas turbine installation for combined cycle plants, along with the upgradation of current gas turbine fleet drives the market for gas turbines services for power generation segment. Increasing focus on renewable energy for power generation restricts the market growth for gas turbines services.

“Power generation segment is expected to dominate the gas turbine services industry during the forecast period”

On the basis of end-user segment, the market for power generation segment is expected to dominate the gas turbine services market. Majority of the demand comes from the North American region; especially from the U.S. where up gradation of aging fleet of gas turbines is required. Also, the demand for gas turbine services will be increasing in Far East region of Asia-Pacific with large number of gas turbine installation in 2015. Thus, power generation segment dominated the gas turbine services market and is expected to dominate during the forecast period. The gas turbine services market is dominated by the power generation industry. However, the turbine services for metal processing and chemicals is expected to project fastest CAGR during the forecast period. The growth is attributed to the increased installation of aero-derivative gas turbines in industries such as metal processing and chemicals.

“North America: The largest market for gas turbine services, whereas Middle East & Africa growing at the highest rate”

North America is currently the largest market for gas turbine services, closely followed by the Asia-Pacific. The gas turbine services market in North America is primarily driven by the demand of gas turbine services from the U.S. The current emission norms imposed by EPA on gas turbines and aging fleet upgrades are potential drivers for gas turbine services.

The U.S. is the potential market for gas turbine services contributing about two-third of North American gas turbine services market during the forecast period. The Middle East & Africa is expected to grow at a fastest CAGR owing to the rise in gas turbine installations for combined cycle power plants in countries such as Saudi Arabia, and UAE.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects. The distribution of primary interviews is as follows:


  • By Company Type: Tier 1- 35%, Tier 2- 45%, Tier 3- 20%

  • By Designation: C-Level- 35%, D-Level- 25%, Others- 40%

  • By Region: Middle East- 35%,  North America- 30%,Asia-Pacific- 20%, Europe-10%, Rest of the World- 5%


Note: The tier of the companies has been defined on the basis of their total revenue, as of 2015: Tier 1 = >USD 20 billion, Tier 2 = From USD 10 billion to USD 20 billion, and Tier 3 = < USD 10 billion

The leading players in the gas turbine services market include General Electric Company (U.S.), Siemens AG (Germany), Ethos Energy (U.K), Sulzer AG (Switzerland) and Ansaldo Energia, SpA (Italy).

Research Coverage:

The gas turbine services market has been segmented on the basis of type, service, end-user, service provider. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of major market drivers, restraints, opportunities, challenges, and technological overview. It also covers various important aspects of the market. The global gas turbine services market is analyzed with respect to five regions, namely, North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.

Why buy this report?


  • The report identifies and addresses key markets for gas turbine services market, which is useful for service providers to review the growth in demand for the product.

  • The report helps solution providers to understand the pulse of the market and provides insights on drivers, restraints, and challenges.

  • The report will help key players to better understand the competition’s strategies and will help in making strategic decisions.

Gas Turbine Services Market by Type (Heavy Duty, and Aero-Derivative), Service (Maintenance, Repair, and Overhaul), End-User (Power Generation, Oil & Gas), Service Provider (OEM, and NON-OEM), and Region - Global Forecast to 2021

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Markets Covered
1.3.1 Countries Covered
1.4 Years Considered for the Study
1.5 Currency
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions
2.4.1 Assumptions

3 Executive Summary
3.1 Introduction
3.2 Current Scenario
3.3 Future Trends
3.4 Conclusion

4 Premium Insights
4.1 Attractive Market Opportunities for Gas Turbine Services
4.2 North America: Potential Market to Invest During the Forecast Period
4.3 Power Generation & Maintenance Segment Dominated the Gas Turbine Services Market in 2015
4.4 Gas Turbine Services Market, By Service, 2016–2021
4.5 North America to Dominate Gas Turbine Services for Power Generation Segment
4.6 Gas Turbine Services Market, By Type

5 Market Overview
5.1 Introduction
5.2 Gas Turbine Services Market: Market Segmentation
5.2.1 By Type
5.2.2 By Service Provider
5.2.3 By Service
5.2.4 By End-User
5.2.5 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Stringent Emission Norms for Gas Turbine
5.3.1.2 Shale Gas Production Boom
5.3.1.3 Upgradation of Aging Fleet of Gas Turbines
5.3.2 Restraints
5.3.2.1 Increasing Focus on Renewable Energy
5.3.2.2 Rising Cost of Spare Parts, Labor Costs, & Transportation Costs
5.3.2.3 In-House Maintenance Hinders Outsourcing Service Opportunities
5.3.3 Opportunities
5.3.3.1 Increase in Number of Combined Cycle Power Plants
5.3.3.2 Rise in Demand for Condition Monitoring Services & Data Analytics
5.3.4 Challenges
5.3.4.1 Availability of Skilled Workforce
5.4 Technical Overview

6 Gas Turbine Services Market, By Type
6.1 Introduction
6.2 Heavy Duty Type
6.3 Aeroderivative Type

7 Gas Turbine Services Market, By Service
7.1 Introduction
7.2 Maintenance
7.3 Repair
7.4 Overhaul

8 Gas Turbine Services Market, By End-User
8.1 Introduction
8.2 Power Generation
8.3 Oil & Gas
8.4 Other Industrial

9 Gas Turbine Services Market, By Service Provider
9.1 Introduction
9.2 OEM Service Providers
9.3 Non-OEM Service Providers

10 Gas Turbine Services Market, By Region
10.1 Introduction
10.2 Asia-Pacific
10.2.1 By Type
10.2.2 By Service Provider
10.2.3 By End-User
10.2.4 By Service
10.2.5 By Country
10.2.5.1 China
10.2.5.2 India
10.2.5.3 Japan
10.2.5.4 South Korea
10.2.5.5 Rest of Asia-Pacific
10.3 Europe
10.3.1 By Type
10.3.2 By Service Provider
10.3.3 By End User
10.3.4 By Service
10.3.5 By Country
10.3.5.1 Russia
10.3.5.2 U.K.
10.3.5.3 Italy
10.3.5.4 Germany
10.3.5.5 Rest of Europe
10.4 North America
10.4.1 By Type
10.4.2 By Service Provider
10.4.3 By End-User
10.4.4 By Service
10.4.5 By Country
10.4.5.1 U.S.
10.4.5.2 Canada
10.5 Middle East & Africa
10.5.1 By Type
10.5.2 By Service Provider
10.5.3 By End User
10.5.4 By Service
10.5.5 By Country
10.5.5.1 Saudi Arabia
10.5.5.2 UAE
10.5.5.3 Iran
10.5.5.4 Egypt
10.5.5.5 Rest of Middle East & Africa
10.6 Latin America
10.6.1 By Type
10.6.2 By Service Provider
10.6.3 By End-User
10.6.4 By Service
10.6.5 By Country
10.6.5.1 Mexico
10.6.5.2 Argentina
10.6.5.3 Brazil
10.6.5.4 Rest of Latin America

11 Competitive Landscape
11.1 Overview
11.2 Competitive Situation & Trends
11.3 Contracts & Agreements
11.4 Mergers & Acquisitions
11.5 Expansions
11.6 Other Developments

12 Company Profiles
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
12.1 Introduction
12.2 Ethosenergy
12.3 General Electric Company
12.4 Siemens AG
12.5 Sulzer AG
12.6 Ansaldo Energia Spa
12.7 HPI LLC
12.8 Kawasaki Heavy Industries Ltd.
12.9 MAN Diesel & Turbo Se
12.10 MJB International
12.11 Mechanical Dynamics & Analysis
12.12 Mitsubishi Hitachi Power Systems
12.13 MTU Aero Engines AG
12.14 Proenergy Services LLC
12.15 Solar Turbines, Incorporated
12.16 Turbine Services and Solutions LLC

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights From Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details

List of Tables

Table 1 Gas Turbine Services By Market Size, By Type, 2014–2021 (USD Million)
Table 2 Heavy Duty: Gas Turbine Services By Market Size, By Region, 2014–2021 (USD Million)
Table 3 Aeroderivative: Gas Turbine Services By Market Size, By Region, 2014–2021 (USD Million)
Table 4 Gas Turbine Services By Market Size, By Service, 2014–2021 (USD Million)
Table 5 Maintenance: Gas Turbine Services By Market Size, By Region, 2014–2021 (USD Million)
Table 6 Repair & Overhaul: Gas Turbine Services By Market Size, By Region, 2014–2021 (USD Million)
Table 7 Overhaul: Gas Turbine Services By Market Size, By Region, 2014–2021 (USD Million)
Table 8 Gas Turbine Services By Market Size, By End-User, 2014–2021 (USD Million)
Table 9 Power Generation: By Market Size, By Region, 2014–2021 (USD Million)
Table 10 Oil & Gas: By Market Size, By Region, 2014–2021 (USD Million)
Table 11 Other Industrial: By Market Size, By Region, 2014–2021(USD Million)
Table 12 Gas Turbine Services By Market Size, By Service Provider, 2014–2021 (USD Million)
Table 13 OEM Service Provider: Gas Turbine Services Market Size, By Region, 2014–2021 (USD Million)
Table 14 Non-OEM Service Providers: Gas Turbine Services Market Size, By Region, 2014–2021 (USD Million)
Table 15 Gas Turbine Services Market Size, By Region, 2014–2021 (USD Million)
Table 16 Asia-Pacific: Gas Turbine Services Market Size, By Type, 2014–2021 (USD Million)
Table 17 Asia-Pacific: By Market Size, By Service Provider, 2014–2021 (USD Million)
Table 18 Asia-Pacific: By Market Size, By End-User, 2014–2021 (USD Million)
Table 19 Asia-Pacific: By Market Size, By Service , 2014–2021 (USD Million)
Table 20 Asia-Pacific: By Market Size, By Country, 2014–2021 (USD Million)
Table 21 China: Gas Turbine Services Market Size, By Service, 2014–2021 (USD Million)
Table 22 India: Gas Turbine Services Market Size, By Service, 2014–2021 (USD Million)
Table 23 Japan: Gas Turbine Services Market Size, By Service, 2014–2021 (USD Million)
Table 24 South Korea: Gas Turbine Services Market Size, By Service, 2014–2021 (USD Million)
Table 25 Rest of Asia-Pacific: Gas Turbine Services Market Size, By Service, 2014–2021 (USD Million)
Table 26 Europe: Gas Turbine Services Market Size, By Type, 2014–2021 (USD Million)
Table 27 Europe: By Market Size, By Service Provider, 2014–2021 (USD Million)
Table 28 Europe: By Market Size, By End-User, 2014–2021(USD Million)
Table 29 Europe: By Market Size, By Service, 2014–2021 (USD Million)
Table 30 Europe: By Market Size, By Country, 2014–2021 (USD Million)
Table 31 Russia: Gas Turbine Services Market Size, By Service, 2014–2021 (USD Million)
Table 32 U.K.: Gas Turbine Services Market Size, By Service, 2014–2021 (USD Million)
Table 33 Italy: Gas Turbine Services Market Size, By Service, 2014–2021 (USD Million)
Table 34 Germany: Gas Turbine Services Market Size, By Service, 2014–2021 (USD Million)
Table 35 Rest of Europe: Gas Turbine Services Market Size, By Service, 2014–2021 (USD Million)
Table 36 North America: By Market Size, By Type, 2014–2021 (USD Million)
Table 37 North America: By Market Size, By Service Provider, 2014–2021 (USD Million)
Table 38 North America: By Market Size, By End-User, 2014–2021 (USD Million)
Table 39 North America: By Market Size, By Service, 2014–2021 (USD Million)
Table 40 North America: By Market Size, By Country, 2014–2021 (USD Million)
Table 41 U.S.: Gas Turbine Services Market Size, By Service, 2014–2021 (USD Million)
Table 42 Canada: Gas Turbine Services Market Size, By Service, 2014–2021 (USD Million)
Table 43 Middle East & Africa: Gas Turbine Services Market Size, By Type, 2014–2021 (USD Million)
Table 44 Middle East & Africa: By Market Size, By Service Provider, 2014–2021 (USD Million)
Table 45 Middle East & Africa: By Market Size, By End User, 2014–2021 (USD Million)
Table 46 Middle East & Africa: By Market Size, By Service, 2014–2021 (USD Million)
Table 47 Middle East & Africa: By Market Size, By Country, 2014–2021 (USD Million)
Table 48 Saudi Arabia: Gas Turbine Services Market Size, By Service, 2014–2021 (USD Million)
Table 49 UAE: Gas Turbine Services Market Size, By Service, 2014–2021 (USD Million)
Table 50 Iran: Gas Turbine Services Market Size, By Service, 2014–2021 (USD Million)
Table 51 Egypt: Gas Turbine Services Market Size, By Service, 2014–2021 (USD Million)
Table 52 Rest of Middle East & Africa: Gas Turbine Services Market Size, By Service, 2014–2021 (USD Million)
Table 53 Latin America: Gas Turbine Services Market Size, By Type, 2014–2021 (USD Million)
Table 54 Latin America: By Market Size, By Service Provider, 2014–2021 (USD Million)
Table 55 Latin America: By Market Size, By End-User, 2014–2021 (USD Million)
Table 56 Latin America: By Market Size, By Service, 2014–2021 (USD Million)
Table 57 Latin America: By Market Size, By Country, 2014–2021 (USD Million)
Table 58 Mexico: By Market Size, By Service, 2014–2021 (USD Million)
Table 59 Argentina: By Market Size, By Service, 2014–2021 (USD Million)
Table 60 Brazil: By Market Size, By Service, 2014–2021 (USD Million)
Table 61 Rest of Latin America: By Market Size, By Service, 2014–2021 (USD Million)
Table 62 Contracts & Agreements, 2014–2016
Table 63 Mergers & Acquisitions, 2015–2016
Table 64 Expansions, 2016
Table 65 Other Developments, 2014-2016

List of Figures

Figure 1 Market Segmentation: Gas Turbine Services
Figure 2 Gas Turbine Services Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Gas Turbine Market: Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 Gas Turbine Services Market, By Region, 2015
Figure 8 Gas Turbine Services Market Share, By Service, 2015
Figure 9 Gas Turbine Services Market, By Region, 2016 vs 2021 (USD Billion)
Figure 10 North America: Potential Market to Demand Gas Turbine Services for Power Generation End-Use Segment
Figure 11 Upgradation of Aging Fleet of Gas Turbines Will Drive the Market for Gas Turbine Services
Figure 12 North America Dominated the Gas Turbine Services Market in 2015
Figure 13 Gas Turbine Services Market By Service vs By End-User, 2015
Figure 14 Maintenance Segment is Expected to Hold More Than Half of the Gas Turbine Services Market Size During the Forecast Period
Figure 15 Demand for Gas Turbine Services, By End-User, is Expected to Be Highest in North America
Figure 16 Heavy-Duty Type of Gas Turbine is Expected to Dominate the Gas Turbine Services Market, By Type
Figure 17 Market Segmentation of Gas Turbine Services Market
Figure 18 Gas Turbine Services: Market Dynamics
Figure 19 Gas-Fired Combustion Plants: Emission Limit Values (Mg/Nm3) for Nox & Co in Europe
Figure 20 U.S.: Natural Gas Expected to Surpass Coal in Mix of Fuel Used for Power Generation in 2016
Figure 21 Gas Turbine Orderbook for Power Generation, By Region, 2014 & 2015
Figure 22 Heavy Duty Type of Gas Turbine is Expected to Dominate the Gas Turbine Services Market During the Forecast Period
Figure 23 Maintenance Segment is Estimated to Hold the Largest Market Share (By Value) in 2015
Figure 24 Installed Capacity (GW) for Gas Turbines (Figure 25 Installed Capacity (GW) for Gas Turbines in North America in the 10 to 20 Years Age Range, 2010–2015
Figure 26 Power Generation Segment is Estimated to Hold the Largest Market Share (By Value) in 2015
Figure 27 Gas Turbine Services Market Share (Value), By Region, 2015
Figure 28 Regional Snapshot: Asia-Pacific Offers Attractive Market Opportunities
Figure 29 Regional Snapshot: Europe
Figure 30 Regional Snapshot: North America
Figure 31 Companies Adopted Various Growth Strategies From 2014 to 2016
Figure 32 Battle for Market Share: Contracts & Agreements Was the Key Strategy Adopted By the Top Players, 2014–2016
Figure 33 Market Share Analysis: General Electric Company Accounted for the Largest Market Share (Value) in 2015
Figure 34 Market Evolution Framework: Contracts & Agreements Led to Market Growth, 2014–2016
Figure 35 Regional Revenue Mix of the Top 5 Players
Figure 36 Ethosenergy: Company Snapshot
Figure 37 Ethosenergy: SWOT Analysis
Figure 38 General Electric Company: Company Snapshot
Figure 39 General Electric Company: SWOT Analysis
Figure 40 Siemens AG: Company Snapshot
Figure 41 Siemens AG: SWOT Analysis
Figure 42 Sulzer AG: Company Snapshot
Figure 43 Sulzer AG: SWOT Analysis
Figure 44 Ansaldo Energia: Company Snapshot
Figure 45 Kawasaki Heavy Industries Ltd.: Company Snapshot
Figure 46 MAN Diesel & Turbo SE: Company Snapshot
Figure 47 MTU Aero Engines AG: Company Snapshot

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