Global Gas Turbine Services Market Research Report Forecast till 2023

Gas turbine services include maintenance, repair, overhaul, and supply of spare parts. The gas turbine requires periodic inspection, repair, and replacement of parts in order to achieve optimum efficiency and reliability. The gas turbine services involve the use of data management techniques, such as asset management and predictive analytics to observe the technological capability of turbines. They help reduce the outages and maintenance costs while maintaining maximum availability and reliability. Gas turbine services are used to monitor the operations and check the performance of gas turbines through annual maintenance and repair.
Gas turbines are used in power generation, oil & gas, and marine industries. The objective of gas turbine services is to use the lifetime potential of the turbines under the various environmental conditions. Further, it boosts the efficiency and reduces the cost of gas turbine operations at regular intervals of inspection. Remote monitoring services play an important role, which include data acquisition and diagnosis of the gas turbine. Hence, remote monitoring allows the operator to gain real-time information of gas turbine from any web-based computer, across the world.
The global gas turbine services market is expected to witness high growth during the forecast period, owing to the factors, such as the upgrade of aging fleet of gas turbines, shift towards de-centralized power distribution, growing shale production, and the rising need for emission control. The digitization of gas turbines is also expected to drive the gas turbine services market. The increasing demand for data analytics is a major opportunity in the global gas turbine services market. However, the increasing use of renewable energy sources for power generation, might hinder the growth of the market.
For the purpose of study, the global gas turbine services market has been segmented based on type, service type, end-use, and region. On the basis of type, the market has been segmented into, heavy duty gas turbine, industrial gas turbine, and aeroderivative gas turbine. The heavy duty gas turbine segment is expected to grow at the fastest rate during the forecast period.
On the basis of service type, the market has been segmented into, maintenance & repair, overhaul, and spare parts supply. The maintenance & repair segment is expected to grow at the fastest rate during the forecast period. On the basis of end-use, the market has been segmented into, power generation, oil & gas, and other industries (marine industry, chemicals, and food processing). In 2017, the power generation segment held the largest market share of the global gas turbine services market. On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

Table of Contents:

1. EXECUTIVE SUMMARY
1.1. Market Attractiveness Analysis
1.1.1. Global Gas Turbine Services Market, By Type
1.1.2. Global Gas Turbine Services Market, By Service Type
1.1.3. Global Gas Turbine Services Market, By End-Use
1.1.4. Global Gas Turbine Services Market, By Region
2. MARKET INTRODUCTION
2.1. Market Definition
2.2. Scope of the Study
2.3. Market Structure
3. RESEARCH METHODOLOGY
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List of Assumptions
3.7. Limitations of the Study
4. MARKET INSIGHTS
5. MARKET DYNAMICS
5.1. Introduction
5.2. Drivers
5.2.1. Upgrade of Aging Fleet of Gas Turbines
5.2.2. Shale Gas Production Boom
5.2.3. Driver Impact Analysis
5.3. Restraints
5.3.1. Increasing Use of Renewable Energy Sources for Power Generation
5.3.2. Restraint Impact Analysis
5.4. Opportunities
5.4.1. Increasing Demand for Data Analytics
5.5. Challenges
5.5.1. Development of Electric Drives

6. MARKET FACTOR ANALYSIS
6.1. Porter’s Five Forces Analysis
6.1.1. Threat of New Entrants
6.1.2. Bargaining Power of Buyers
6.1.3. Threat of Substitutes
6.1.4. Competitive Rivalry
6.1.5. Bargaining Power of Suppliers
7. GLOBAL GAS TURBINE SERVICES MARKET, BY TYPE
7.1. Introduction
7.2. Heavy Duty
7.2.1. Market Estimates & Forecast, By Region/Country, 2017-2023
7.3. Industrial
7.3.1. Market Estimates & Forecast, By Region/Country, 2017-2023
7.4. Aeroderivative
7.4.1. Market Estimates & Forecast, By Region/Country, 2017-2023
8. GLOBAL GAS TURBINE SERVICES MARKET, BY SERVICE TYPE
8.1. Introduction
8.2. Maintenance & Repair
8.2.1. Market Estimates & Forecast, By Region/Country, 2017-2023
8.3. Overhaul
8.3.1. Market Estimates & Forecast, By Region/Country, 2017-2023
8.4. Spare Parts Supply
8.4.1. Market Estimates & Forecast, By Region/Country, 2017-2023
9. GLOBAL GAS TURBINE SERVICES MARKET, BY END-USE
9.1. Introduction
9.2. Power Generation
9.2.1. Market Estimates & Forecast, By Region/Country, 2017-2023
9.3. Oil & Gas
9.3.1. Market Estimates & Forecast, By Region/Country, 2017-2023
9.4. Other Industries
9.4.1. Market Estimates & Forecast, By Region/Country, 2017-2023
10. GLOBAL GAS TURBINE SERVICES MARKET, BY REGION
10.1. Introduction
10.2. North America
10.2.1. US
10.2.2. Canada
10.2.3. Mexico
10.3. Asia-Pacific
10.3.1. China
10.3.2. Japan
10.3.3. India
10.3.4. South Korea
10.3.5. Malaysia
10.3.6. Rest of Asia-Pacific
10.4. Europe
10.4.1. Germany
10.4.2. UK
10.4.3. Russia
10.4.4. Italy
10.4.5. Rest of Europe
10.5. Middle East & Africa
10.5.1. Saudi Arabia
10.5.2. UAE
10.5.3. Iran
10.5.4. Egypt
10.5.5. Rest of the Middle East & Africa
10.6. South America
10.6.1. Brazil
10.6.2. Argentina
10.6.3. Rest of South America
11. COMPETITIVE LANDSCAPE
11.1. Competitive Overview
11.2. Competitor Dashboard
11.3. Major Growth Strategy in the Global Gas Turbine Services Market
11.4. Competitive Benchmarking
11.5. Market Share Analysis
11.6. MAN SE: The Leading Player in terms of Number of Developments in Global Gas Turbine Services Market
11.7. Key Developments & Growth Strategies
11.7.1. New Product Development
11.7.2. Mergers & Acquisitions
11.7.3. Contracts & Agreements
11.7.4. Expansions & Investments
12. COMPANY PROFILES
12.1. MAN SE
12.1.1. Company Overview
12.1.2. Product/Services Offering
12.1.3. Financial Overview
12.1.4. Key Developments
12.1.5. Strategy
12.1.6. SWOT Analysis
12.2. EthosEnergy
12.2.1. Company Overview
12.2.2. Product/Services Offering
12.2.3. Financial Overview
12.2.4. Key Developments
12.2.5. Strategy
12.2.6. SWOT Analysis
12.3. Proenergy Services
12.3.1. Company Overview
12.3.2. Product/Services Offering
12.3.3. Financial Overview
12.3.4. Key Developments
12.3.5. Strategy
12.3.6. SWOT Analysis
12.4. Caterpillar
12.4.1. Company Overview
12.4.2. Product/Services Offering
12.4.3. Financial Overview
12.4.4. Key Developments
12.4.5. Strategy
12.4.6. SWOT Analysis
12.5. MJB International Limited LLC
12.5.1. Company Overview
12.5.2. Product/Services Offering
12.5.3. Financial Overview
12.5.4. Key Developments
12.5.5. Strategy
12.5.6. SWOT Analysis
12.6. Ansaldo Energia
12.6.1. Company Overview
12.6.2. Product/Services Offering
12.6.3. Financial Overview
12.6.4. Key Developments
12.6.5. Strategy
12.7. Sulzer Ltd
12.7.1. Company Overview
12.7.2. Product/Services Offering
12.7.3. Financial Overview
12.7.4. Key Developments
12.7.5. Strategy
12.8. Mitsubishi Heavy Industries Ltd.
12.8.1. Company Overview
12.8.2. Product/Services Offering
12.8.3. Financial Overview
12.8.4. Key Developments
12.8.5. Strategy
12.9. BHI Energy
12.9.1. Company Overview
12.9.2. Product/Services Offering
12.9.3. Financial Overview
12.9.4. Key Developments
12.9.5. Strategy
12.10. General Electric
12.10.1. Company Overview
12.10.2. Product/Services Offering
12.10.3. Financial Overview
12.10.4. Key Developments
12.10.5. Strategy
12.11. Siemens
12.11.1. Company Overview
12.11.2. Product/Services Offering
12.11.3. Financial Overview
12.11.4. Key Developments
12.11.5. Strategy
12.12. Kawasaki Heavy Industries Ltd.
12.12.1. Company Overview
12.12.2. Product/Services Offering
12.12.3. Financial Overview
12.12.4. Key Developments
12.12.5. Strategy
12.13. MTU Aero Engines
12.13.1. Company Overview
12.13.2. Product/Services Offering
12.13.3. Financial Overview
12.13.4. Key Developments
12.13.5. Strategy
13. APPENDIX
13.1. References
13.2. List of Abbreviation