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.
North America is often touted as the worlds leading and largest market space in the gas turbine industry. The nature of the market puts it through various technological changes and these are often accompanied by maintenance and overhaul issues. The region presents a diverse picture with presence of both established and major players like United States and rapidly emerging nations such as Mexico. This dichotomy presents us with an opportunity to observe the impact of larger policy changes and their impact on the gas turbine MRO market.
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 United States of America, Mexico, Canada and Others. US is expected to grow at a highest rate closely followed by Canada, Mexico 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. North America Gas Turbine MRO Market Analysis, by Service Type
6. North America Gas Turbine MRO Market Analysis, by Countries
6.1.5 Key Company Analysis
6.1.10 MTU Aero Engines
6.1.11 Man Diesel and Turbo
6.1.12 Solar Turbines
6.1.13 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