Market Overview:
The global gas turbine heavy duty services market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for gas turbines from various end-use industries, such as shipbuilding, large equipment, construction machinery, and others. In addition, the growing demand for reliable and efficient power generation solutions is also contributing to the growth of this market. On the basis of type, the global gas turbine heavy duty services market can be segmented into maintenance, repair and overhaul (MRO). The MRO segment is expected to account for a major share of this market during the forecast period. On the basis of application, this market can be divided into shipbuilding industry, large equipment industry (including power plants), construction machinery industry and other applications (such as oil & gas production facilities). Among these applications segments, Shipbuilding Industry accounted for majority share in 2017 owing high installation base across different regions followed by Large Equipment Industry .
Product Definition:
Gas turbine heavy duty services are important for ensuring the longevity and proper function of gas turbines. By regularly having these services performed, operators can minimize the chance of unscheduled downtime and ensure that their turbines are running at peak efficiency.
Maintenance:
Maintenance is the systematic procedure for preserving and repairing a product. Maintenance is an integral part of production engineering and operations management in industries such as oil & gas, manufacturing, power generation, aerospace & defense etc. In heavy-duty service industry maintenance includes repair or replacement of parts or components that are subject to wear & tear or where there has been a breach in functioning due to accident or natural disaster etc.
Repair:
The global market for repair and it's usage in gas turbine heavy-duty services is expected to witness significant growth over the forecast period. Repair & maintenance activities are carried out on a large scale across the globe, majorly by OEMs ( Original Equipment Manufacturers) and service providers. The demand for repair & maintenance services has increased owing to rise in number of gas turbines installed across various industries such as power generation, oil & gas, etc.
Application Insights:
The ship application segment led the global gas turbine heavy-duty services market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to growing demand for cruise ships, liners and other vessels from various sectors including tourism, transport, fishing, passenger ferries and others.
The large equipment segment accounted for a significant share in 2017 owing to increasing use of gas turbines as power generators in wind energy projects across the world. Increasing government funding for research & development on renewable sources of energy has driven manufacturers such as Siemens Gamesa Corporation And Enercon International AG to develop innovative products such as direct drive turbines that are installed directly onto utility lines without towers which have been proven successful leading to increased adoption across industrial applications globally driving growth over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for gas turbine heavy duty services over the forecast period. The growth can be attributed to increasing demand for heavy-duty equipment in developing countries such as China and India. In addition, factors such as growing infrastructure activities and industrialization are likely to contribute towards regional market growth.
The Asia Pacific region accounted for a share of more than 30% of global GDP in 2016, making it one of the most important regions globally. Countries like China and India have been experiencing strong economic growth owing to rapid urbanization along with rising disposable income levels among consumers coupled with strong GDPs from other emerging economies including Indonesia, Vietnam, Philippines etc., thereby driving overall economic development across these nations which is subsequently projected to drive regional demand over the next eight years or so until 2030 time frame.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government initiatives for promoting renewable energy sources
- Technological advancements in gas turbine technology
- Rising prices of crude oil and natural gas
- Growing demand from emerging economies
Scope Of The Report
Report Attributes
Report Details
Report Title
Gas Turbine Heavy Duty Services Market Research Report
By Type
Maintenance, Repair, Overhaul
By Application
Ship, Large Equipment, Construction Machinery, Other
By Companies
General Electric, Siemens, Mitsubishi Hitachi Power Systems, Wood Group, Kawasaki Heavy Industries, Solar Turbines, Ansaldo Energia, MTU Aero Engines, Sulzer, MAN Diesel & Turbo, General Electric, Proenergy Services
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Gas Turbine Heavy Duty Services Market Report Segments:
The global Gas Turbine Heavy Duty Services market is segmented on the basis of:
Types
Maintenance, Repair, Overhaul
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Ship, Large Equipment, Construction Machinery, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Electric
- Siemens
- Mitsubishi Hitachi Power Systems
- Wood Group
- Kawasaki Heavy Industries
- Solar Turbines
- Ansaldo Energia
- MTU Aero Engines
- Sulzer
- MAN Diesel & Turbo
- General Electric
- Proenergy Services
Highlights of The Gas Turbine Heavy Duty Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Maintenance
- Repair
- Overhaul
- By Application:
- Ship
- Large Equipment
- Construction Machinery
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gas Turbine Heavy Duty Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Gas turbine heavy duty services is a specialized field that provides maintenance, repair and overhaul (MRO) for gas turbines. These services are typically required when the engines in these machines start to experience significant wear and tear.
Some of the major companies in the gas turbine heavy duty services market are General Electric, Siemens, Mitsubishi Hitachi Power Systems, Wood Group, Kawasaki Heavy Industries, Solar Turbines, Ansaldo Energia, MTU Aero Engines, Sulzer, MAN Diesel & Turbo, General Electric, Proenergy Services.
The gas turbine heavy duty services market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Gas Turbine Heavy Duty Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Gas Turbine Heavy Duty Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gas Turbine Heavy Duty Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Gas Turbine Heavy Duty Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Gas Turbine Heavy Duty Services Market Size & Forecast, 2018-2028
4.5.1 Gas Turbine Heavy Duty Services Market Size and Y-o-Y Growth
4.5.2 Gas Turbine Heavy Duty Services Market Absolute $ Opportunity
Chapter 5 Global Gas Turbine Heavy Duty Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Gas Turbine Heavy Duty Services Market Size Forecast by Type
5.2.1 Maintenance
5.2.2 Repair
5.2.3 Overhaul
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Gas Turbine Heavy Duty Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Gas Turbine Heavy Duty Services Market Size Forecast by Applications
6.2.1 Ship
6.2.2 Large Equipment
6.2.3 Construction Machinery
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gas Turbine Heavy Duty Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Gas Turbine Heavy Duty Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Gas Turbine Heavy Duty Services Analysis and Forecast
9.1 Introduction
9.2 North America Gas Turbine Heavy Duty Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Gas Turbine Heavy Duty Services Market Size Forecast by Type
9.6.1 Maintenance
9.6.2 Repair
9.6.3 Overhaul
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Gas Turbine Heavy Duty Services Market Size Forecast by Applications
9.10.1 Ship
9.10.2 Large Equipment
9.10.3 Construction Machinery
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Gas Turbine Heavy Duty Services Analysis and Forecast
10.1 Introduction
10.2 Europe Gas Turbine Heavy Duty Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Gas Turbine Heavy Duty Services Market Size Forecast by Type
10.6.1 Maintenance
10.6.2 Repair
10.6.3 Overhaul
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Gas Turbine Heavy Duty Services Market Size Forecast by Applications
10.10.1 Ship
10.10.2 Large Equipment
10.10.3 Construction Machinery
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Gas Turbine Heavy Duty Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Gas Turbine Heavy Duty Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Gas Turbine Heavy Duty Services Market Size Forecast by Type
11.6.1 Maintenance
11.6.2 Repair
11.6.3 Overhaul
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Gas Turbine Heavy Duty Services Market Size Forecast by Applications
11.10.1 Ship
11.10.2 Large Equipment
11.10.3 Construction Machinery
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Gas Turbine Heavy Duty Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Gas Turbine Heavy Duty Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Gas Turbine Heavy Duty Services Market Size Forecast by Type
12.6.1 Maintenance
12.6.2 Repair
12.6.3 Overhaul
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Gas Turbine Heavy Duty Services Market Size Forecast by Applications
12.10.1 Ship
12.10.2 Large Equipment
12.10.3 Construction Machinery
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Gas Turbine Heavy Duty Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Gas Turbine Heavy Duty Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Gas Turbine Heavy Duty Services Market Size Forecast by Type
13.6.1 Maintenance
13.6.2 Repair
13.6.3 Overhaul
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Gas Turbine Heavy Duty Services Market Size Forecast by Applications
13.10.1 Ship
13.10.2 Large Equipment
13.10.3 Construction Machinery
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Gas Turbine Heavy Duty Services Market: Competitive Dashboard
14.2 Global Gas Turbine Heavy Duty Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Electric
14.3.2 Siemens
14.3.3 Mitsubishi Hitachi Power Systems
14.3.4 Wood Group
14.3.5 Kawasaki Heavy Industries
14.3.6 Solar Turbines
14.3.7 Ansaldo Energia
14.3.8 MTU Aero Engines
14.3.9 Sulzer
14.3.10 MAN Diesel & Turbo
14.3.11 General Electric
14.3.12 Proenergy Services
