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Gas Turbine Services Market by Type, Service, End-User, Service Provider, and Region - Global Forecast to 2021

Gas Turbine Services Market: Global Forecast until 2021

  • November 2016
  • 159 pages
  • ID: 4364964
In this report:
The natural gas-fired power generation in the U.S. is expected to reach about ##.## million megawatt hours per day in 2016; this is up by ##% as compared to 2015.
The gas turbine services for aeroderivative type of gas turbine is expected to grow at a CAGR of ##.##% during the forecast period to reach USD ##,##.## million by 2021


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"Gas turbine services market is estimated to rise at a compound annual growth rate of 4.10 percent from 2016 to 2021"

The gas turbine services market is estimated to grow ~$18.5B by 2021, increasing at a compound annual growth rate (CAGR) of 4.10 percent from 2016 to 2021. Gas turbine services are done for both heavy-duty and aero-derivative type of gas turbines. Increase in gas turbine installation for combined cycle plants, together with the upgradation of current gas turbine fleet drives the industry for gas turbines services for power generation segment. Growing focus on renewable energy for power generation restricts the market increase for gas turbines services.

"Power generation segment is projected to dominate the gas turbine services market during the estimate period"

On the basis of end-user segment, the sector for power generation segment is forecasted to dominate the gas turbine services market. Majority of the demand comes from the North American area, especially from the U.S. where upgradation of aging fleet of gas turbines is required. Also, the industry demand for gas turbine services will be rising in Far East area of Asia-Pacific with big number of gas turbine installation in 2015. Therefore, power generation segment controled the gas turbine services market and is anticipated to dominate during the outlook period. The gas turbine services market is leaded by, is monopolized by the power generation sector. Nevertheless, the turbine services for metal processing and chemicals is anticipated to project quickest Compound annual growth rate during the estimate period. The increase is assigned to the increased installation of aero-derivative gas turbines in industries including metal processing and chemicals.

"North America (NA): The biggest market for gas turbine services, because Middle East (ME) & African continent increasing at the maximal rate"

North America continent is currently the biggest market for gas turbine services, closely followed by the Asia-Pac. The gas turbine services market in North America (NA) is primarily influenced 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.A is the potential market for gas turbine services contributing about two-third of North American gas turbine services market during the outlook period. The Middle East area & African continent is anticipated to grow at a quickest Compound annual growth rate due to the growth in gas turbine installations for combined cycle power plants in countries including Saudi Arabia, and UAE.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info as well as to evaluate future industry prospects. The classification of primaries interviews is like:

By Company Type: Tier 1 35.0 percent, Tier 2 45.0 percent, Tier 3 20.0 percent

By Designation: C-Level- 35.0 percent, D-Level- 25.0 percent, Others- 40.0 percent

By area: Middle East- 35.0 percent, North america (NA)- 30%, Asia-pac- 20%, Europe- 10.0 percent, Rest of the World- 5.0 percent

Note: The 1/3 of the companies, the tiers of the corporations has been defined on the basis of their final revenue, as of 2015: Tier 1 = >USD 20 billion, Tier 2 = From $10.0B to $20.0B, and Tier 3 =

The key players in the gas turbine services market contain General Electric (NYSE:GE), Siemens (SIA), EthosEnergy, Sulzer AG and Ansaldo Energia, SpA.

Segment Research

The gas turbine services market has been split on the basis of type, service, end-user, service provider. It also provides a in-depth qualitative and quantitative analysis of the market. The industry report offers a comprehensive analysis of major market drivers, industry restraints, alternatives, opportunities, and technological overview. It also includes different important aspects of the market. The overall gas turbine services market is analyzed with respect to five regions, that is, North America continent, Latin America area, Europe (EU), Asia Pacific (APAC), and the Middle East (ME) & African continent.

Why acquire this industry report?

1. The study determines and addresses main markets for gas turbine services market, which is useful for service providers to examine the rise in demand for the product.

2. The analysis benefits solution providers to comprehend the pulse of the sector and offers business insights on drivers, market restraints, and opportunities.

3. The market research will facilitate top players to better find out the competition's strategies and will benefit in making tactical conclusions.

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