Gas Turbine MRO in Power Industry - Global Strategic Business Report

The global market for Gas Turbine MRO in Power Industry was valued at US$14.7 Billion in 2024 and is projected to reach US$16.4 Billion by 2030, growing at a CAGR of 1.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Gas Turbine MRO in Power Industry market.

Global Gas Turbine MRO in Power Industry Market - Key Trends & Drivers Summarized

Why Is MRO Critical to Sustaining Performance in Gas Turbine Power Plants?

Gas turbines are vital components in thermal power generation, providing high-efficiency electricity output through combined-cycle and open-cycle operations. Maintenance, repair, and overhaul (MRO) services ensure operational reliability, efficiency retention, and regulatory compliance over the turbine’s lifecycle. As power producers aim to maximize asset uptime and reduce unscheduled outages, MRO has become an essential function in overall power plant performance strategy.

Gas turbine components such as blades, combustors, and rotors are subject to high thermal and mechanical stress. Regular inspection and refurbishment prevent fatigue failures and ensure consistent combustion efficiency. In deregulated electricity markets, asset availability directly influences profitability, making preventive and predictive maintenance practices essential. MRO not only restores mechanical integrity but also enables technology upgrades that improve emissions control and fuel adaptability.

How Are MRO Practices Evolving with Advanced Diagnostics and Digital Integration?

Condition-based monitoring is replacing traditional time-based maintenance schedules. Sensors and diagnostic tools monitor vibration, temperature, pressure, and emissions in real time. These inputs are fed into asset management platforms to assess component health and prioritize maintenance interventions. Turbine operators are using borescope inspections, thermal imaging, and acoustic monitoring to detect early signs of wear or combustion irregularities.

Digital twins and simulation models are being integrated to predict degradation patterns and assess the impact of operational adjustments on turbine health. AI-powered analytics support lifecycle cost optimization, enabling data-driven decisions for refurbishment, replacement, or component upgrades. Repair facilities are adopting additive manufacturing and advanced welding techniques for blade repair, extending component life and reducing lead times. As turbines age, these capabilities allow operators to maintain performance without full replacement.

Where Is Demand for Gas Turbine MRO Expanding in the Power Sector?

MRO demand is growing in both developed and developing power markets. In North America and Europe, aging turbine fleets require component replacement, control system upgrades, and life extension programs. In Asia-Pacific, rapid capacity additions are entering mid-life maintenance cycles, creating strong demand for inspection, parts replacement, and combustion tuning. Independent power producers and utilities alike are investing in long-term service agreements to reduce risk and stabilize maintenance costs.

Demand is also rising from gas-fired peaker plants, which operate intermittently to support renewable integration. These turbines experience high cycling frequency and require specialized MRO solutions to manage thermal stress and maintain ramping capabilities. Growth in cogeneration and industrial captive power systems further supports aftermarket service opportunities, especially for smaller frame turbines. As power systems transition to more flexible gas-based generation, MRO becomes a key enabler of operational resilience.

What Is Driving Growth in the Gas Turbine MRO Market in Power Industry?

Growth in the gas turbine MRO market in power industry is driven by several factors related to aging infrastructure, flexible operation demands, and digital monitoring adoption. Increasing reliance on gas-fired power plants for grid balancing and peaking support is accelerating wear cycles, raising demand for inspection and repair services. Advances in remote diagnostics, predictive maintenance, and parts refurbishment are improving MRO efficiency and reducing unplanned downtime. Growth is also supported by extended turbine lifespans, component degradation under cycling conditions, and the need for emissions compliance upgrades. As turbine operators prioritize availability, cost control, and performance optimization, MRO services are playing a central role in sustaining gas-based power generation assets.

Scope of the Report

The report analyzes the Gas Turbine MRO in Power Industry market, presented in terms of market value (USD). The analysis covers the key segments and geographic regions outlined below:

• Segments: Service (Maintenance Service, Repair Service, Overhaul Service); Provider Type (OEMs Provider, Independent Service Providers, In-house Provider).
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Maintenance Service segment, which is expected to reach US$9.1 Billion by 2030 with a CAGR of a 2.2%. The Repair Service segment is also set to grow at 1.3% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $4.0 Billion in 2024, and China, forecasted to grow at an impressive 3.8% CAGR to reach $3.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Gas Turbine MRO in Power Industry Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Gas Turbine MRO in Power Industry Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Gas Turbine MRO in Power Industry Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Air Liquide, Alstom (General Electric), Ansaldo Energia, Avail Infrastructure Services, Azima DLI and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 32 companies featured in this Gas Turbine MRO in Power Industry market report include:

• Air Liquide
• Alstom (General Electric)
• Ansaldo Energia
• Avail Infrastructure Services
• Azima DLI
• BASF SE
• DENSO Corporation
• Doosan Heavy Industries & Construction
• Elliott Group
• Enpro Industries (Garlock)
• GE Power
• Hitachi Energy
• Hyundai Heavy Industries
• Mitsubishi Power
• MTU Aero Engines
• NET Power
• Siemens Energy
• Solar Turbines (Caterpillar)
• Toshiba Energy Systems & Solutions
• Wood Group (John Wood Group)

This edition integrates the latest global trade and economic shifts into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes historical analysis from 2015 to 2023.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025 (E), competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.