Trends and Forecast for the Global Gas Turbine MRO Market Trends, opportunities and forecast in gas turbine MRO market in the power industry to 2024 by end use industries, type of service (maintenance, repair, and overhaul), service provider (original equipment manufacturers, independent service providers, in-house), turbine size (more than 180 MW, 61 – 180 MW, and 1 – 60 MW) and region (North America, Europe, Asia Pacific, and the Rest of the World)Lucintel's latest market report analyzed that gas turbine MRO market in the power industry provides attractive opportunities in the maintenance service type. The gas turbine MRO market in the power industry market is expected to reach $17.8 billion by 2025 with a CAGR of 3.4%. In this market, maintenance is the largest segment by type of service, whereas electric power utility is largest by end use industry.
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Based on type of service, the gas turbine MRO market in the power industry market is segmented into maintenance, repair, and overhaul. The maintenance segment is accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period supported by the increasing fleet age of gas turbines in the power industry.
Browse in-depth TOC on “Gas Turbine MRO Market in the Power Industry”
58 – Tables
77 – Figures
130 – Pages
The gas turbine MRO market in the power industry market is marked by the presence of several big and small players. Some of the prominent players offering gas turbine MRO market in the power industry include General Electrical, Siemens, Mitsubishi Heavy Industries, Wood Group, and Sulzer.
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