Global Gas Turbine Services Market to Reach $36.3 Billion by 2030
The global market for Gas Turbine Services estimated at US$21.4 Billion in the year 2022, is projected to reach a revised size of US$36.3 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2022-2030. Heavy Duty, one of the segments analyzed in the report, is projected to record 6.7% CAGR and reach US$19.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Aero-Derivative segment is readjusted to a revised 7.1% CAGR for the next 8-year period.The U.S. Market is Estimated at $5.7 Billion, While China is Forecast to Grow at 10.2% CAGR
The Gas Turbine Services market in the U.S. is estimated at US$5.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$8.6 Billion by the year 2030 trailing a CAGR of 10.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 6.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.Select Competitors (Total 16 Featured) -
- Ansaldo Energia SpA
- EthosEnergy
- General Electric Company
- HPi LLC
- Kawasaki Heavy Industries Ltd.
- MAN Diesel & Turbo SE
- Mechanical Dynamics & Analysis LLC
- Mitsubishi Hitachi Power Systems Ltd.
- MJB International Limited LLC
- MTU Aero Engines AG
- Proenergy Services
- Siemens AG
- Solar Turbines, Inc.
- Sulzer Ltd.
- Turbine Services and Solutions LLC.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ansaldo Energia SpA
- EthosEnergy
- General Electric Company
- HPi LLC
- Kawasaki Heavy Industries Ltd.
- MAN Diesel & Turbo SE
- Mechanical Dynamics & Analysis LLC
- Mitsubishi Hitachi Power Systems Ltd.
- MJB International Limited LLC
- MTU Aero Engines AG
- Proenergy Services
- Siemens AG
- Solar Turbines, Inc.
- Sulzer Ltd.
- Turbine Services and Solutions LLC.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 231 |
Published | March 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 21.4 Billion |
Forecasted Market Value ( USD | $ 36.3 Billion |
Compound Annual Growth Rate | 6.8% |
Regions Covered | Global |