Maharashtra, India -- (SBWire) -- 03/02/2019 --Gas Turbine Service Market

In this report, we study the services for gas turbine. Stringent emission regulations for gas turbines and upgradation of aging fleet of gas turbine drive the market for gas turbine Services.

A gas turbine, also called a combustion turbine, is a type of internal combustion engine. It has an upstream rotating compressor coupled to a downstream turbine, and a combustion chamber or area, called a combustor, in between.

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Companies looked down upon in this report are- General Electric, Mitsubishi Hitachi Power Systems, Siemens, Wood Group, Kawasaki Heavy Industries, Solar Turbines, MTU Aero Engines, Ansaldo Energia, Sulzer, MAN Diesel & Turbo, MJB International, Proenergy Services, and More

Scope of the Report:
The classification of gas turbine services includes heavy duty services and aero-derivative services, and the proportion of heavy duty services is about 79% in 2017, and the proportion is in increasing trend from 2013 to 2017.

Gas turbine services are for power generation, oil & gas and other field. The most proportion of gas turbine services is for power generation, and the revenue in 2017 is about 7.94 billion USD.

Middle East region enjoys largest revenue market share in the world, with a revenue market share nearly 31.8% in 2017. Following Middle East, North America is the second largest place with the revenue market share of 24.9%. North America has 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.

The global Gas Turbine Service market is valued at 16500 million USD in 2018 and is expected to reach 21000 million USD by the end of 2024, growing at a CAGR of 4.1% between 2019 and 2024.

Market Segment by Type, covers
Heavy Duty Services
Aero-Derivative Services

Market Segment by Applications, can be divided into
Power Generation
Oil & Gas
Other

Research objectives:

To study and analyze the Global Gas Turbine Service Market size by substantial regions/countries, product type and application, descriptive history data from 2013 to 2018, and forecast to 2024.
To define the structure of Gas Turbine Service Market by learning its various sub-segments.
Focus on the dominant Global Gas Turbine Service Market players, to define, explain and analyze the value, market share, market competition landscape, SWOT analysis, and development plans in the upcoming years.
To examine the Gas Turbine Service Market in terms of individual growth trends, future potential, and their inputs to the total market.
To provide detailed information about the key factors impacting the growth of the market (growth potential, drivers, opportunities, industry-specific challenges, and risks).
To understand the size of Gas Turbine Service Market, taking into account the key regions, type [, Server Monitoring & Network Monitoring] and applications [SMEs & Large Enterprises].
To study and examine competitive developments such as agreements, new product launches, expansions, and acquisitions in the market.

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The report also mentions additional deals into key geographical segments of Global Gas Turbine Service Market and give out details about their present and past share. Recent trends, forthcoming challenges, prospective regional investments, and many other influential factors have been considered and presented.

The detailed study of regions United States, Southeast Asia, China, Japan, Europe, India, and Central & South America provide better market penetration and ensure accurate analysis. Leading manufacturers have been given importance to assure their strategies are well understood and their status in this particular market can be demonstrated.

Finally, the report covers Global Gas Turbine Service Market new project SWOT analysis, ROI analysis, investment feasibility analysis, and development analysis. Besides, the report also provides a summary of vulnerabilities which companies operating in the market must avoid in order to prosper growth through the course of the forecast period.

Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered.

2 Global Growth Trends
2.1 Global Gas Turbine Service Market Size
2.2 Gas Turbine Service Growth Trends by Regions
2.3 Industry Trends.

3 Market Share by key players
3.1 Global Gas Turbine Service Market Size by Manufacturers
3.2 Global Gas Turbine Service key players Head office and Area Served
3.3 key players Product/Solution/Service
3.4 Enter barriers in Gas Turbine Service Market
3.5 Mergers, Acquisitions, Expansion Plans.

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