Gas Turbine MRO Market in the Power Industry Report: Trends, Forecast and Competitive Analysis

  • ID: 4496614
  • Report
  • 130 pages
  • Lucintel
1 of 5

FEATURED COMPANIES

  • General Electric
  • Siemens
  • Sulzer
  • Wood Group
  • MORE

Trends, opportunities and forecast in gas turbine MRO market in the power industry to 2023 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)

The future of the gas turbine maintenance, repair, and overhaul (MRO) market, looks good with opportunities in the maintenance service type.  The global gas turbine MRO market in the power industry is expected to reach an estimated $17.3 billion by 2023 and is forecast to grow at a CAGR of 3.6% from 2018 to 2023. The major drivers for market growth are the aging fleet of gas turbines and stringent government regulations on emission control.

A total of 77 figures/charts and 58 tables are provided in this 130 page report to help in your business decisions.

The study includes the global gas turbine MRO market for the power industry size and forecast of the global gas turbine MRO market in the power industry through 2023, segmented by end use industry, type of service, type of service provider, turbine capacity, and region.

Gas Turbine MRO Market in the Power Industry by End Use Industry [Value ($ Billion) from 2012 to 2023]:

  • Electrical Power Utility
  • Oil and Gas
  • Others

Gas Turbine MRO Market in the Power Industry by Type of Service [Value ($ Billion) from 2012 to 2023]:

  • Maintenance
  • Repair
  • Overhaul

Gas Turbine MRO Market in the Power Industry by Type of Service Provider [Value ($ Billion) from 2012 to 2023]:

  • Original Equipment Manufacturers
  • Independent Service Providers
  • In-House

Gas Turbine MRO Market in the Power Industry by Turbine Size [Value ($ Billion) from 2012 to 2023]:

  • 1 - 60 MW
  • 61 - 180 MW
  • More than 180 MW

Gas Turbine MRO Market in the Power Industry by Region [Value ($ Billion) from 2012 to 2023]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

Some of the global gas turbine MRO market for the power industry profiled in this report include are General Electrical, Siemens, Mitsubishi Heavy Industries, Wood Group, and Sulzer.

The researcher forecasts that maintenance will remain the largest segment and witness the highest growth in the forecast period supported by the increasing fleet age of gas turbines in the power industry.

By end use industries, electric power utility is expected to be the largest segment and witness the highest growth during the forecast period. Increasing demand for electricity is the major driving growth for this segment over the forecast period.

North America is expected to remain the largest market and witness the highest growth over the forecast period due to MRO services required for a large number of existing and aging gas turbines shipped to this region in prior years.

Some of the features of “Gas Turbine MRO Market in the Power Industry Report: Trends, Forecast and Competitive Analysis” include:

  • Market size estimates: Global gas turbine MRO market in the power industry size estimation in terms of value ($B) shipment.
  • Trend and forecast analysis: Market trend (2012-2017) and forecast (2018-2023) by segments and region.
  • Segmentation analysis: Global gas turbine MRO market in the power industry size by various applications such as end use industry, type of service, type of service provider, and turbine capacity in terms of value and volume shipment.
  • Regional analysis: Global gas turbine MRO market in the power industry market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions of gas turbine MRO market in the power industry.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape of gas turbine MRO market in the power industry.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model

This report answers following 10 key questions:

Q.1. How big are the opportunities for the global gas turbine MRO market in the power industry 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)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the gas turbine MRO market in the power industry?
Q.5. What are the business risks and threats to the gas turbine MRO market in the power industry?
Q.6. What are emerging trends in this gas turbine MRO market in the power industry and the reasons behind them?
Q.7. What are some changing demands of customers in the gas turbine MRO market in the power industry?
Q.8. What are the new developments in the gas turbine MRO market in the power industry and which companies are leading these developments?
Q.9. Who are the major players in this gas turbine MRO market in the power industry? What strategic initiatives are being taken by key companies for business growth?
Q 10. What M&A activity has occurred in the last five years and what has its impact been on the gas turbine MRO market in the power industry?

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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • General Electric
  • Siemens
  • Sulzer
  • Wood Group
  • MORE
1. Executive Summary

2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2012 to 2023
3.1: Macroeconomic Trends and Forecast
3.2: Global Gas Turbine MRO Market Trends and Forecast
3.3: Global Gas Turbine MRO Market by Type of Service
3.3.1: Maintenance
3.3.2: Repair
3.3.3: Overhaul
3.4: Global Gas Turbine MRO Market by Type of Service Provider
3.4.1: OEMs
3.4.2: ISPs
3.4.3: In-House
3.5: Global Gas Turbine MRO Market by Turbine Size
3.5.1: More than 180 MW
3.5.2: 61-180 MW
3.5.3: 1-60 MW
3.6: Global Gas Turbine MRO Market by End Use Industry
3.6.1: Electric Power Utility
3.6.2: Oil & Gas
3.6.3: Others

4. Market Trends and Forecast Analysis by Region
4.1: Global Gas Turbine MRO Market by Region
4.2: North American Gas Turbine MRO Market
4.2.1: North American Gas Turbine MRO Market by Type Service Type
4.3: European Gas Turbine MRO Market
4.3.1: European Gas Turbine MRO Market by Service Type
4.4: APAC Gas Turbine MRO Market
4.4.1: APAC Gas Turbine MRO Market by Service Type
4.5: ROW Gas Turbine MRO Market
4.5.1: ROW Gas Turbine MRO Market by Service Type

5. Competitor Analysis
5.1: Market Share Analysis
5.2: Operational Integration
5.3: Geographical Reach
5.4: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunities Analysis
6.1.1: Growth Opportunities for Global Gas Turbine MRO Market
6.1.2: Growth Opportunities for Global GasTurbine MRO Market by Region
6.1.3: Growth Opportunities for Global Gas Turbine MRO Market by Type of Service Provider
6.1.4: Growth Opportunities for Global Gas Turbine MRO Market by Turbine Size
6.1.5: Growth Opportunities for Global Gas Turbine MRO Market by End Use Industry
6.2: Emerging Trends in the Global Gas Turbine MRO Market
6.3: Strategic Analysis
6.3.1: Capacity Expansion in Gas Turbine MRO Market
6.3.2: Mergers, Acquisitions and Joint Ventures in Gas Turbine MRO Market
6.3.3: Certification and Licensing

7. Company Profiles of Leading Players
7.1: General Electric
7.2: Siemens
7.3: Mitsubishi Heavy Industries
7.4: Sulzer
7.5: Wood Group

List of Figures

Chapter 2. Market Background and Classifications
Figure 2.1: Gas Turbine Power Plant (Source: siemens.com)
Figure 2.2: GE Heavy-Duty Gas Turbines (Source: oilandgas.com)
Figure 2.3: Components of a Gas Turbine (Source: van-der-walt.blogspot.in)
Figure 2.4: Compressor of a Gas Turbine (Source: [external URL]
Figure 2.5: Combustor of a Gas Turbine (Source: [external URL]
Figure 2.6: Turbines of a Gas Turbine (Source: [external URL]
Figure 2.7: Shaft of a Gas Turbine (Source: science.howstuffworks.com)
Figure 2.8: Types of Gas Turbines in the Power Industry (Source: Lucintel)
Figure 2.9: An Open Cycle Unit Diagram (Source: www1.eere.energy.gov)
Figure 2.10: A Proposed Natural Gas Combined Cycle Power Plant in New York
Figure 2.11: A Combined Cycle Unit Diagram (Source: [external URL]
Figure 2.12: Systematic Process of Electricity Generation and Distribution
Figure 2.13: Gas Turbine MRO Structure (Source: Lucintel)
Figure 2.14: Gas Turbine at MTU Maintenance Berlin-Brandenburg / Germany
Figure 2.15: Supply Chain of the Global Gas Turbine MRO Market
Figure 2.16: Major Drivers and Challenges for the Global Gas Turbine MRO Market

Chapter 3. Market Trends and Forecast Analysis from 2012 to 2023
Figure 3.1: Global Natural Gas Price (USD/mmbtu) Trends from 2012 to 2017 (Source: World Bank)
Figure 3.2: Trends of the Global GDP Growth Rate
Figure 3.3: Trends of the Regional GDP Growth Rate
Figure 3.4: Global Natural Gas Price Forecast (2018-2023) (Source: World Bank)
Figure 3.5: Forecast for the Global GDP Growth Rate
Figure 3.6: Forecast for the Regional GDP Growth Rate
Figure 3.7: Trends and forecast for the Global Gas Turbine MRO Market (2012-2023)
Figure 3.8: Trends of the Global Gas Turbine MRO Market ($B) by Service Type
Figure 3.9: Forecast for the Global Gas Turbine MRO Market ($B) by Service Type
Figure 3.10: Trends of the Global Gas Turbine MRO Maintenance Market ($B) by Region
Figure 3.11: Forecast for the Global Gas Turbine MRO Maintenance Market ($B) by Region (2018-2023)
Figure 3.12: Trends of the Global Gas Turbine MRO Repair Market ($B) by Region
Figure 3.13: Forecast for the Global Gas Turbine MRO Repair Market ($B) by Region
Figure 3.14: Trends of the Global Gas Turbine MRO Overhaul Market ($B) by Region
Figure 3.15: Forecast for the Global Gas Turbine MRO Overhaul Market ($B) by Region (2018-2023)
Figure 3.16: Trends of the Global Gas Turbine MRO Market ($B) by Service Provider
Figure 3.17: Forecast for the Global Gas Turbine Market ($B) by Service Provider
Figure 3.18: Trends and Forecast for OEM in the Global Gas Turbine MRO Market
Figure 3.19: Trends and Forecast for ISP in the Global Gas Turbine MRO Market
Figure 3.20: Trends and Forecast for In-House in the Global Gas Turbine MRO Market
Figure 3.21: Trends of the Global Gas Turbine MRO Market ($B) by Turbine Size
Figure 3.22: Forecast for the Global Gas Turbine Market ($B) by Turbine Size
Figure 3.23: Trends and Forecast for More Than 180 MW Turbines in the Global Gas Turbine MRO Market (2012-2023)
Figure 3.24: Trends and Forecast for 61-180 MW Turbines in the Global Gas Turbine MRO Market (2012-2023)
Figure 3.25: Trends and Forecast for1-60 MW Turbines in the Global Gas Turbine MRO Market (2012-2023)
Figure 3.26: Trends of the Global Gas Turbine MRO Market ($B) by End Use Industry
Figure 3.27: Forecast for the Global Gas Turbine Market ($B) by End Use Industry
Figure 3.28: Trends and Forecast for Electric Power Utilities in the Global Gas Turbine MRO Market (2012-2023)
Figure 3.29: Trends and Forecast for Oil and Gas in the Global Gas Turbine MRO Market    (2012-2023)
Figure 3.30: Trends and Forecast for Others in the Global Gas Turbine MRO Market 

Chapter 4. Market Trends and Forecast Analysis by Region
Figure 4.1: Trends of the Global Gas Turbine MRO Market ($B) by Region (2012-2017)
Figure 4.2: Forecast for the Global Gas Turbine MRO Market ($B) by Region (2018-2023)
Figure 4.3: Trends and Forecast of the North American Gas Turbine MRO Market (2012-2023)
Figure 4.4: Trends of the North American Gas Turbine MRO Market ($B) by Service Type
Figure 4.5: Forecast for the North American Gas Turbine MRO Market ($B) by Service Type (2018-2023)
Figure 4.6: Trends and Forecast for the Europe Gas Turbine MRO Market (2012-2023)
Figure 4.7: Trends of the European Gas Turbine MRO Market ($B) by Service Type
Figure 4.8: Forecast for the European Gas Turbine MRO Market ($B) by Service Type (2018-2023)
Figure 4.9: Trends and Forecast of the APAC Gas Turbine MRO Market (2012-2023)
Figure 4.10: Trends of the APAC Gas Turbine MRO Market ($B) by Service Type
Figure 4.11: Forecast for the APAC Gas Turbine MRO Market ($B) by Service Type (2018-2023)
Figure 4.12: Trends and Forecast for the ROW Gas Turbine MRO Market (2012-2023)
Figure 4.13: Trends of the European Gas Turbine MRO Market ($B) by Service Type
Figure 4.14: Forecast for the European Gas Turbine MRO Market ($B) by Service Type (2018-2023)

Chapter 5. Competitor Analysis
Figure 5.1: Market Share Analysis of Top Players of the Gas Turbine MRO Market in 2017
Figure 5.2: Market Share of Top Five Suppliers in the Global Gas Turbine MRO Market in 2017 (Source: Lucintel)
Figure 5.3:  Geographical Footprint of Competitors in the Global Gas Turbine MRO Market (Source: Lucintel)
Figure 5.4:  Porter’s Five Forces Model for the Global Gas Turbine MRO Market (Source: Lucintel)

Chapter 6. Growth Opportunities and Strategic Analysis
Figure 6.1: Growth Opportunities in the Global Gas Turbine MRO Market by Service Type (2018– 2023) (Source: Lucintel)
Figure 6.2: Growth Opportunities in the Global Gas Turbine MRO Market by Region
Figure 6.3: Growth Opportunities in the Global Gas Turbine MRO Market by Service Provider (2018-2023) (Source: Lucintel)
Figure 6.4: Growth Opportunities in the Global Gas Turbine MRO Market by Turbine Size (2018-2023) (Source: Lucintel)
Figure 6.5: Growth Opportunities in the Global Gas Turbine MRO Market by End Use Industry (2018-2023) (Source: Lucintel)
Figure 6.6: Emerging Trends in the Global Gas Turbine MRO Market (Source: Lucintel)
Figure 6.7: Strategic Initiatives by Major Competitor in the Global Gas Turbine MRO Market
Figure 6.8: Capacity Building by Major Players (2012-2017) (Source: Lucintel)

Chapter 7. Company Profiles of Leading Players
Figure 7.1: Major Plant Location of General Electric
Figure 7.2: Major Plant Location of Siemens
Figure 7.3: Major Plant Location of MHI
Figure 7.4: Major Plant Location of Sulzer
Figure 7.5: Major Plant Location of Wood Group

List of Tables

Chapter 1. Executive Summary
Table 1.1: Global Gas Turbine MRO Market Parameters and Attributes

Chapter 2. Market Background and Classifications
Table 2.1: Development in Gas Turbines
Table 2.2: Major In-House Maintenance Activities and Their Frequencies

Chapter 3. Market Trends and Forecast Analysis from 2012 to 2023
Table 3.1: Market Trends of the Global Gas Turbine MRO Market (2012-2017)
Table 3.2: Market Forecast for the Global Gas Turbine MRO Market (2018-2023)
Table 3.3: Market Size and CAGR of Various Service Types in the Global Gas Turbine MRO Market by Value (2012-2017)
Table 3.4: Market Size and CAGR of Various Service Types in the Global Gas Turbine MRO Market by Value (2018-2023)
Table 3.5: Trends of the Global Gas Turbine MRO Maintenance Market ($B) by Region (2012-2017)
Table 3.6: Forecast for the Global Gas Turbine MRO Maintenance Market ($B) by Region (2018-2023)
Table 3.7: Trends of the Global Gas Turbine MRO Repair Market ($B) by Region
Table 3.8: Forecast for the Global Gas Turbine MRO Repair Market ($B) by Region
Table 3.9: Trends of the Global Gas Turbine MRO Overhaul Market ($B) by Region
Table 3.10: Forecast for the Global Gas Turbine MRO Overhaul Market ($B) by Region (2018-2023)
Table 3.11: Market Size and CAGR of Various Types of Service Providers in the Global Gas Turbine MRO Market by Value (2012-2017)
Table 3.12: Market Size and CAGR of Various Types of Service Providers in the Global Gas Turbine MRO Market by Value (2018-2023)
Table 3.13: Trends of OEM in the Global Gas Turbine MRO Market (2012-2017)
Table 3.14: Forecast for OEM in the Global Gas Turbine MRO Market (2018-2023)
Table 3.15: Trends of ISP in the Global Gas Turbine MRO Market (2012-2017)
Table 3.16: Forecast for ISP in the Global Gas Turbine MRO Market (2018-2023)
Table 3.17: Trends of In–House for the Global Gas Turbine MRO Market (2012-2017)
Table 3.18: Forecast for In –House in the Global Gas Turbine MRO Market (2017-2022)
Table 3.19: Market Size and CAGR of Various Turbine Sizes in the Global Gas Turbine MRO Market by Value (2012-2017)
Table 3.20: Market Size and CAGR of Various Turbine Sizes in the Global Gas Turbine MRO Market by Value (2018-2023)
Table 3.21: Trends of the More Than 180 MW Turbine Size in the Global Gas Turbine MRO Market (2012-2017)
Table 3.22: Forecast for the More Than 180 MW Turbine Size in the Global Gas Turbine MRO Market (2018-2023)
Table 3.23: Market Trends of the 61-180 MW Turbine Size in the Global Gas Turbine MRO Market (2012-2017)
Table 3.24: Market Forecast for the 61-180 MW Turbine Size in the Global Gas Turbine MRO Market (2018-2023)
Table 3.25: Market Trends of the 1-60 MW Turbine Size in the Global Gas Turbine MRO Market (2012-2017)
Table 3.26: Market Forecast for the 1-60 MW Turbine Size in the Global Gas Turbine MRO Market (2018-2023)
Table 3.27: Market Size and CAGR of Various End Use Industries in the Global Gas Turbine MRO Market by Value (2012-2017)
Table 3.28: Market Size and CAGR of Various End Use Industries in the Global Gas Turbine MRO Market by Value (2018-2023)
Table 3.29: Market Trends of Electric Power Utility in the Global Gas Turbine MRO Market (2012-2017)
Table 3.30: Market Forecast for Electric Power Utility in the Global Gas Turbine MRO Market (2018-2023)
Table 3.31: Market Trends of Oil and Gas in the Global Gas Turbine MRO Market (2012-2017)
Table 3.32: Market Forecast for Oil and Gas in the Global Gas Turbine MRO Market (2018-2023)
Table 3.33: Market Trends of Others in the Global Gas Turbine MRO Market  
Table 3.34: Market Forecast for Others in the Global Gas Turbine MRO Market   (2018-2023)

Chapter 4. Market Trends and Forecast Analysis by Region
Table 4.1: Market Size and CAGR of Various Regions of the Global Gas Turbine MRO Market by Value (2012-2017)
Table 4.2: Market Size and CAGR of Various Regions of the Global Gas Turbine MRO Market by Value (2018-2023)
Table 4.3: Trends of the North American Gas Turbine MRO Market (2012-2017)
Table 4.4: Forecast of the North American Gas Turbine MRO Market (2018-2023)
Table 4.5: Market Trends of North American in the Gas Turbine MRO Market by Service Type (2012-2017)
Table 4.6: Market Forecast for North American in the Gas Turbine MRO Market by Service Type (2018-2023)
Table 4.7: Market Trends of the Europe Gas Turbine MRO Market (2012-2027)
Table 4.8: Market Forecast of the Europe Gas Turbine MRO Market (2018-2023)
Table 4.9: Market Trends of European in the Gas Turbine MRO Market by Service Type (2012-2017)
Table 4.10: Market Forecast for European in the Gas Turbine MRO Market by Service Type (2018-2023)
Table 4.11: Market Trends of the APAC Gas Turbine MRO Market (2012-2027)
Table 4.12: Market Forecast of the APAC Gas Turbine MRO Market (2018-2023)
Table 4.13: Market Trends of APAC in the Gas Turbine MRO Market by Service Type (2012-2017)
Table 4.14: Market Forecast for APAC in the Gas Turbine MRO Market by Service Type (2018-2023)
Table 4.15: Market Trends of the ROW Gas Turbine MRO Market (2012-2017)
Table 4.16: Market Forecast of the ROW Gas Turbine MRO Market (2018-2023)
Table 4.17: Market Trends of Europe in the Gas Turbine MRO Market by Service Type (2012-2017)
Table 4.18: Market Forecast for Europe in the Gas Turbine MRO Market by Service Type (2018-2023)

Chapter 5. Competitor Analysis
Table 5.1: Rankings of Gas Turbine MRO Suppliers Based on Revenue
Table 5.2: Operational Integration of Gas Turbine MRO Service Providers

Chapter 6. Growth Opportunities and Strategic Analysis
Table 6.1: Certification and Licenses Acquired by Major Competitors in the Global Gas Turbine MRO Market
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  • General Electric
  • Mitsubishi Heavy Industries
  • Siemens
  • Sulzer
  • Wood Group
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