Introduction
The global gas turbine MRO market is expected to grow at a CAGR of 7.2% during the period 2022-2029. The growth of this market will be driven by the increasing demand for efficient and reliable maintenance services for turbines. In addition, increasing investment in renewable energy sources is also driving the growth of the gas turbine MRO market. Some of the major players in this market include Honeywell (US), Wipro (India), Emerson (US), Arup (UK), and KPMG (Germany). The key strategies adopted by these players to capture the market are expansion into new geographies, acquisition of complementary businesses, and innovation. This report provides an overview of the global gas turbine MRO market, presents a competitive landscape, and offers insights into the trends that are shaping this market. It also provides forecasts for key regions including North America, Europe, Asia Pacific, and Latin America.
Report Includes
An overview of the global Gas Turbine MRO market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Gas Turbine MRO market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Gas Turbine MRO market and comprehensive profiles of leading companies in the industry
Report ScopeThe report forecasts the size of the Gas Turbine MRO market for components from 2022 through 2029
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes the research scope, market segmentation, research methodology, and definitions and assumptions. It involves extremely rigorous scientific methods, tools, and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts and professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, the latest technological advancement, regulatory landscape, SWOT analysis, and Porter five forces analysis. This chapter provides detailed insights into the market which derives the market trends, changing phase of investments, and scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes the profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, data triangulation and market breakdown procedures are being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:The Gas Turbine MRO market is segmented on the basis of Type, Application, and Region.
Global Gas Turbine MRO market Competitive Analysis:Key players in the Global Gas Turbine MRO market are General Electric Company, Siemens AG, Mitsubishi Heavy Industries Ltd, John Wood Group PLC among others.
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This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. The Global Gas Turbine MRO market is distributed on the basis of below-mentioned segments:
Global Gas Turbine MRO market, By Type:
- Maintenance
- Repair and Overhaul
- Others
Global Gas Turbine MRO market, By Application:
Global Gas Turbine MRO market, By Region:
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- Rest of LAMEA
List of Figures
Figure 1: Global Gas Turbine MRO Market Revenue Breakdown (USD Billion, %) by Region, 2020 & 2029
Figure 2: Global Gas Turbine MRO Market Value Share (%), By Segment 1, 2020 & 2029
Figure 3: Global Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 4: Global Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 5: Global Gas Turbine MRO Market Value Share (%), By Segment 2, 2020 & 2029
Figure 6: Global Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 7: Global Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 8: Global Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 9: Global Gas Turbine MRO Market Forecast (USD Billion), by Others, 2018-2029
Figure 10: Global Gas Turbine MRO Market Value Share (%), By Segment 3, 2020 & 2029
Figure 11: Global Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 12: Global Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 13: Global Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 14: Global Gas Turbine MRO Market Forecast (USD Billion), by Others, 2018-2029
Figure 15: Global Gas Turbine MRO Market Value (USD Billion), by Region, 2020 & 2029
Figure 16: North America Gas Turbine MRO Market Value Share (%), By Segment 1, 2020 & 2029
Figure 17: North America Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 18: North America Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 19: North America Gas Turbine MRO Market Value Share (%), By Segment 2, 2020 & 2029
Figure 20: North America Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 21: North America Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 22: North America Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 23: North America Gas Turbine MRO Market Forecast (USD Billion), by Others, 2018-2029
Figure 24: North America Gas Turbine MRO Market Value Share (%), By Segment 3, 2020 & 2029
Figure 25: North America Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 26: North America Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 27: North America Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 28: North America Gas Turbine MRO Market Forecast (USD Billion), by Others, 2018-2029
Figure 29: North America Gas Turbine MRO Market Forecast (USD Billion), by U.S., 2018-2029
Figure 30: North America Gas Turbine MRO Market Forecast (USD Billion), by Canada, 2018-2029
Figure 31: Latin America Gas Turbine MRO Market Value Share (%), By Segment 1, 2020 & 2029
Figure 32: Latin America Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 33: Latin America Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 34: Latin America Gas Turbine MRO Market Value Share (%), By Segment 2, 2020 & 2029
Figure 35: Latin America Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 36: Latin America Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 37: Latin America Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 38: Latin America Gas Turbine MRO Market Forecast (USD Billion), by Others, 2018-2029
Figure 39: Latin America Gas Turbine MRO Market Value Share (%), By Segment 3, 2020 & 2029
Figure 40: Latin America Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 41: Latin America Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 42: Latin America Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 43: Latin America Gas Turbine MRO Market Forecast (USD Billion), by Others, 2018-2029
Figure 44: Latin America Gas Turbine MRO Market Forecast (USD Billion), by Brazil, 2018-2029
Figure 45: Latin America Gas Turbine MRO Market Forecast (USD Billion), by Mexico, 2018-2029
Figure 46: Latin America Gas Turbine MRO Market Forecast (USD Billion), by Rest of Latin America, 2018-2029
Figure 47: Europe Gas Turbine MRO Market Value Share (%), By Segment 1, 2020 & 2029
Figure 48: Europe Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 49: Europe Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 50: Europe Gas Turbine MRO Market Value Share (%), By Segment 2, 2020 & 2029
Figure 51: Europe Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 52: Europe Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 53: Europe Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 54: Europe Gas Turbine MRO Market Forecast (USD Billion), by Others, 2018-2029
Figure 55: Europe Gas Turbine MRO Market Value Share (%), By Segment 3, 2020 & 2029
Figure 56: Europe Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 57: Europe Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 58: Europe Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 59: Europe Gas Turbine MRO Market Forecast (USD Billion), by Others, 2018-2029
Figure 60: Europe Gas Turbine MRO Market Forecast (USD Billion), by U.K., 2018-2029
Figure 61: Europe Gas Turbine MRO Market Forecast (USD Billion), by Germany, 2018-2029
Figure 62: Europe Gas Turbine MRO Market Forecast (USD Billion), by France, 2018-2029
Figure 63: Europe Gas Turbine MRO Market Forecast (USD Billion), by Italy, 2018-2029
Figure 64: Europe Gas Turbine MRO Market Forecast (USD Billion), by Spain, 2018-2029
Figure 65: Europe Gas Turbine MRO Market Forecast (USD Billion), by Russia, 2018-2029
Figure 66: Europe Gas Turbine MRO Market Forecast (USD Billion), by Rest of Europe, 2018-2029
Figure 67: Asia Pacific Gas Turbine MRO Market Value Share (%), By Segment 1, 2020 & 2029
Figure 68: Asia Pacific Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 69: Asia Pacific Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 70: Asia Pacific Gas Turbine MRO Market Value Share (%), By Segment 2, 2020 & 2029
Figure 71: Asia Pacific Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 72: Asia Pacific Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 73: Asia Pacific Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 74: Asia Pacific Gas Turbine MRO Market Forecast (USD Billion), by Others, 2018-2029
Figure 75: Asia Pacific Gas Turbine MRO Market Value Share (%), By Segment 3, 2020 & 2029
Figure 76: Asia Pacific Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 77: Asia Pacific Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 78: Asia Pacific Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 79: Asia Pacific Gas Turbine MRO Market Forecast (USD Billion), by Others, 2018-2029
Figure 80: Asia Pacific Gas Turbine MRO Market Forecast (USD Billion), by China, 2018-2029
Figure 81: Asia Pacific Gas Turbine MRO Market Forecast (USD Billion), by India, 2018-2029
Figure 82: Asia Pacific Gas Turbine MRO Market Forecast (USD Billion), by Japan, 2018-2029
Figure 83: Asia Pacific Gas Turbine MRO Market Forecast (USD Billion), by Australia, 2018-2029
Figure 84: Asia Pacific Gas Turbine MRO Market Forecast (USD Billion), by Southeast Asia, 2018-2029
Figure 85: Asia Pacific Gas Turbine MRO Market Forecast (USD Billion), by Rest of Asia Pacific, 2018-2029
Figure 86: Middle East & Africa Gas Turbine MRO Market Value Share (%), By Segment 1, 2020 & 2029
Figure 87: Middle East & Africa Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 88: Middle East & Africa Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 89: Middle East & Africa Gas Turbine MRO Market Value Share (%), By Segment 2, 2020 & 2029
Figure 90: Middle East & Africa Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 91: Middle East & Africa Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 92: Middle East & Africa Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 93: Middle East & Africa Gas Turbine MRO Market Forecast (USD Billion), by Others, 2018-2029
Figure 94: Middle East & Africa Gas Turbine MRO Market Value Share (%), By Segment 3, 2020 & 2029
Figure 95: Middle East & Africa Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 96: Middle East & Africa Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 97: Middle East & Africa Gas Turbine MRO Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 98: Middle East & Africa Gas Turbine MRO Market Forecast (USD Billion), by Others, 2018-2029
Figure 99: Middle East & Africa Gas Turbine MRO Market Forecast (USD Billion), by GCC, 2018-2029
Figure 100: Middle East & Africa Gas Turbine MRO Market Forecast (USD Billion), by South Africa, 2018-2029
Figure 101: Middle East & Africa Gas Turbine MRO Market Forecast (USD Billion), by Rest of Middle East & Africa, 2018-2029
List of Tables
Table 1: Global Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2029
Table 2: Global Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2029
Table 3: Global Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2029
Table 4: Global Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Region, 2018-2029
Table 5: North America Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2029
Table 6: North America Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2029
Table 7: North America Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2029
Table 8: North America Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Country, 2018-2029
Table 9: Europe Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2029
Table 10: Europe Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2029
Table 11: Europe Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2029
Table 12: Europe Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Country, 2018-2029
Table 13: Latin America Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2029
Table 14: Latin America Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2029
Table 15: Latin America Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2029
Table 16: Latin America Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Country, 2018-2029
Table 17: Asia Pacific Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2029
Table 18: Asia Pacific Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2029
Table 19: Asia Pacific Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2029
Table 20: Asia Pacific Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Country, 2018-2029
Table 21: Middle East & Africa Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2029
Table 22: Middle East & Africa Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2029
Table 23: Middle East & Africa Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2029
Table 24: Middle East & Africa Gas Turbine MRO Market Revenue (USD Billion) Forecast, by Country, 2018-2029
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model