Gas turbines are one of the most widely used power generating technologies. Today, gas turbines find application in power generation, aircraft and marine propulsion systems, oil & gas industry, among others. Gas turbines are a type of internal combustion (IC) engine, in which an air-fuel mixture produces hot gases that spin a turbine to produce power. Gas turbines can utilize a variety of fuels, including natural gas, fuel oils and synthetic fuels. Combustion occurs continuously in gas turbines, as opposed to reciprocating IC engines, where combustion occurs intermittently.
The growth in the gas turbine MRO market in the Asia-Pacific will be mainly fuelled by the growing level of urbanization and industrialization in many of the countries here. This region is one of the fastest developing regions in the world today, with an ever-growing need for power. The demand for amenities like air travel are also growing fast in this region, thanks to a rapidly growing urban population.
Factors like aging fleet of gas turbines, stringent government regulations on emission control, reduction of life cycle costs and the need to improve reliability, durability, and profitability along with an increase in operational performance are driving the gas turbine MRO (Maintenance, Repair and Overhaul) market. On the other hand, factors such as lack of retention of skilled labor, the companies preferring an in-house maintenance teams could act as a roadblock for the growth of the market.
The market has been geographically segmented into countries such as China, India, Malaysia, Australia, Indonesia and Others. China is expected to grow at a highest rate closely followed by India, Australia, Malaysia, Indonesia and Others in that order.
The market has also been segmented by the service type viz. Maintenance, Repair and Overhaul and the market size and forecast for each of the service types has been analyzed. The application of the gas turbines in military aircrafts, civil aviation, power generation and mechanical drives has also been discussed. The major players operating in the segment are General Electric, Siemens Ag, Sulzer, Zorya â€“ Mashproekt, Mtu Aero Engines Ag, Man Diesel and Turbo, Solar Turbines, Rolls-Royce Holdings Plc., Pratt & Whitney, Lockheed Martin, Honeywell, Mitsubishi Heavy Industries Ltd, ABB, Emerson.
2. Research Methodology
3. Market Overview
3.2 Market Demand to 2022
3.3 Recent Developments
4. Market Dynamics
4.1.1 Aging Fleet of Gas Turbines
4.1.2 Emission Control regulations
4.1.3 Increasing use of natural Gas
4.2.1 Lack of Retention of Skilled Labour
4.2.2 Preference for in -house maintainance of power plants curbs outsouring opportunities
4.3.1 Forging Allliances with Power Plants/End Users
4.3.2 Increasing Investments in Gas Turbine Power Plants
5. APAC Gas Turbine MRO Market Analysis, by Service Type
6. APAC Gas Turbine MRO Market Analysis, by Countries
6.1 Asia Pacific
6.1.7 Key Company Analysis
6.1.12 MTU Aero Engines
6.1.13 Man Diesel and Turbo
6.1.14 Solar Turbines
6.1.15 Rolls Royce
7. Pratt & Whitney
8. Competitive Landscape
8.1 Mergers & Acquisitions
8.2 Joint Ventures, Collaborations and Agreements
8.3 Market Share Analysis
9.1 Study Assumptions
9.3 Contact Us