The report "Gas
Turbine Services Market by Type (Heavy Duty, and Aero-Derivative), Service
(Maintenance, Repair, and Overhaul), End-User (Power Generation, Oil &
Gas), Service Provider (OEM, and NON-OEM), and Region - Global Forecast to
2021", is projected to grow at a CAGR of 4.1% from 2016 to
2021 to reach USD 18.45 Billion by 2021, up from estimated value of USD 15.11
Billion in 2016. Stringent emission regulations for gas
turbines and upgradation of aging fleet of gas turbine drives the market for
gas turbine services.
Browse 65 market data tables
and 47 figures spread through 157 pages and in-depth TOC on “Gas Turbine Services Market - Global Forecast
to 2021”
Early buyers will receive 10% customization on reports.
Maintenance segment is
expected to hold the largest share of gas turbine services market, by service,
during the forecast period
Maintenance service led the overall gas turbine services
market in 2015, and is expected to dominate during the forecast period. Almost
half of the gas turbine services market is expected to be dominated by the maintenance
service owing to rise in demand inspection and monitoring services for newly
installed gas turbines. In addition, advent of gas turbine monitoring services
such as intelligent condition monitoring and big data analytics for preventive
and predictive maintenance will drive the market for maintenance services.
However, the overhaul services is expected to grow at a fastest rate during the
forecast period.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=222659497
Power generation to dominate
the gas turbine services market, by end-user during the forecast period
Power generation is expected to hold almost half of the
gas turbine market during the forecast period. The market is driven by the rise
in demand for gas turbines for combined cycle power plants. The total gas
turbine installation capacity for power generation exceeded about more than 50
GW in 2015. These turbines will require frequent inspection and maintenance of
parts such as rotors, blades, and liners among others. This will drive the
market for power generation segment during the forecast period. Middle East
& Africa are the potential markets for power generation gas turbine
services during the forecast period.
North America: The leading
market for gas turbine services
North America is expected to dominate the gas turbine
services market owing to the large number of existing and aging gas turbines
fleet in the U.S. and Canada. Large number of long term service agreements for
gas turbine services are also seen this region. In addition, demand for gas
turbine services for mechanical drive application for process industry will
also drive the market for gas turbines services in North America.
Drivers
- Stringent Emission Norms for Gas Turbine
- Shale Gas Production Boom
- Upgradation of Aging Fleet of Gas Turbines
Restraints
- Increasing Focus on Renewable Energy
- Rising Cost of Spare Parts, Labor Costs, & Transportation Costs
- In-House Maintenance Hinders Outsourcing Service Opportunities
Opportunities
- Increase in Number of Combined Cycle Power Plants
- Rise in Demand for Condition Monitoring Services & Data Analytics
Challenges
- Availability of Skilled Workforce
Request Sample Copy @ https://www.marketsandmarkets.com/requestsample.asp?id=222659497
To enable an in-depth understanding of the competitive
landscape, the report includes profiles of some of the leading players in the
laminated busbar market General Electric Company (U.S.), Siemens AG (Germany),
EthosEnergy (U.K), Sulzer AG (Switzerland) and Ansaldo Energia, SpA (Italy).
Leading players are trying to penetrate the markets in developing economies and
are adopting various strategies such as acquiring service contracts &
agreements and mergers & acquisitions to increase their market share.
Scope of the report
This study estimates the global market for gas turbine
services market, in terms of USD, till 2021. It also offers a detailed
qualitative and quantitative analysis of the market. The report provides a
comprehensive review of major market drivers, restraints, opportunities,
challenges, and technological overview. It also covers various important
aspects of the market. These include an analysis of the competitive landscape,
market dynamics, market estimates in terms of value, and future trends in the
gas turbine services market.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on
30,000 high growth niche opportunities/threats which will impact 70% to 80% of
worldwide companies’ revenues. Currently servicing 7500 customers worldwide
including 80% of global Fortune 1000 companies as clients. Almost 75,000 top
officers across eight industries worldwide approach MarketsandMarkets™ for
their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™
are tracking global high growth markets following the "Growth Engagement
Model – GEM". The GEM aims at proactive collaboration with the clients to
identify new opportunities, identify most important customers, write
"Attack, avoid and defend" strategies, identify sources of
incremental revenues for both the company and its competitors.
MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top
players across leaders, emerging companies, innovators, strategic players)
annually in high growth emerging segments. MarketsandMarkets™ is determined to
benefit more than 10,000 companies this year for their revenue planning and
help them take their innovations/disruptions early to the market by providing
them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and
market research platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper understanding of the unmet insights
along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
