Global Gas Turbine Service Market Growth (Status and Outlook) 2025-2031

Publication ID:

LPI03254900

Publication Date:

March 25, 2025

Pages:

109

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Energy Trading & Marketing [2]

Electricity [3]

Energy & Utilities [4]

Description:

The global Gas Turbine Service market size is predicted to grow from US$ 21320 million in 2025 to US$ 27210 million in 2031; it is expected to grow at a CAGR of 4.1% from 2025 to 2031.
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.
Global Gas Turbine Service key players include General Electric, Mitsubishi Hitachi Power Systems, Siemens, etc. Global top three manufacturers hold a share over 60%.
Middle East is the largest market, with a share over 30%, followed by Europe and United States, have a share over 40 percent.
In terms of product, Heavy Duty Services is the largest segment, with a share about 75%. And in terms of application, the largest application is Power Generation, followed by Oil & Gas, etc.
The 鈥淕as Turbine Service Industry Forecast鈥� looks at past sales and reviews total world Gas Turbine Service sales in 2024, providing a comprehensive analysis by region and market sector of projected Gas Turbine Service sales for 2025 through 2031. With Gas Turbine Service sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Gas Turbine Service industry.
This Insight Report provides a comprehensive analysis of the global Gas Turbine Service landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Gas Turbine Service portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Gas Turbine Service market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Gas Turbine Service and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Gas Turbine Service.
This report presents a comprehensive overview, market shares, and growth opportunities of Gas Turbine Service market by product type, application, key players and key regions and countries.
Segmentation by Type:
Heavy Duty Services
Aero-Derivative Services
Segmentation by Application:
Power Generation
Oil & Gas
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Gas Turbine Service Market Size (2020-2031)
2.1.2 Gas Turbine Service Market Size CAGR by Region (2020 VS 2024 VS 2031)
2.1.3 World Current & Future Analysis for Gas Turbine Service by Country/Region (2020, 2024 & 2031)
2.2 Gas Turbine Service Segment by Type
2.2.1 Heavy Duty Services
2.2.2 Aero-Derivative Services
2.3 Gas Turbine Service Market Size by Type
2.3.1 Gas Turbine Service Market Size CAGR by Type (2020 VS 2024 VS 2031)
2.3.2 Global Gas Turbine Service Market Size Market Share by Type (2020-2025)
2.4 Gas Turbine Service Segment by Application
2.4.1 Power Generation
2.4.2 Oil & Gas
2.4.3 Other
2.5 Gas Turbine Service Market Size by Application
2.5.1 Gas Turbine Service Market Size CAGR by Application (2020 VS 2024 VS 2031)
2.5.2 Global Gas Turbine Service Market Size Market Share by Application (2020-2025)
3 Gas Turbine Service Market Size by Player
3.1 Gas Turbine Service Market Size Market Share by Player
3.1.1 Global Gas Turbine Service Revenue by Player (2020-2025)
3.1.2 Global Gas Turbine Service Revenue Market Share by Player (2020-2025)
3.2 Global Gas Turbine Service Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Gas Turbine Service by Region
4.1 Gas Turbine Service Market Size by Region (2020-2025)
4.2 Global Gas Turbine Service Annual Revenue by Country/Region (2020-2025)
4.3 Americas Gas Turbine Service Market Size Growth (2020-2025)
4.4 APAC Gas Turbine Service Market Size Growth (2020-2025)
4.5 Europe Gas Turbine Service Market Size Growth (2020-2025)
4.6 Middle East & Africa Gas Turbine Service Market Size Growth (2020-2025)
5 Americas
5.1 Americas Gas Turbine Service Market Size by Country (2020-2025)
5.2 Americas Gas Turbine Service Market Size by Type (2020-2025)
5.3 Americas Gas Turbine Service Market Size by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Gas Turbine Service Market Size by Region (2020-2025)
6.2 APAC Gas Turbine Service Market Size by Type (2020-2025)
6.3 APAC Gas Turbine Service Market Size by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Gas Turbine Service Market Size by Country (2020-2025)
7.2 Europe Gas Turbine Service Market Size by Type (2020-2025)
7.3 Europe Gas Turbine Service Market Size by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Gas Turbine Service by Region (2020-2025)
8.2 Middle East & Africa Gas Turbine Service Market Size by Type (2020-2025)
8.3 Middle East & Africa Gas Turbine Service Market Size by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Gas Turbine Service Market Forecast
10.1 Global Gas Turbine Service Forecast by Region (2026-2031)
10.1.1 Global Gas Turbine Service Forecast by Region (2026-2031)
10.1.2 Americas Gas Turbine Service Forecast
10.1.3 APAC Gas Turbine Service Forecast
10.1.4 Europe Gas Turbine Service Forecast
10.1.5 Middle East & Africa Gas Turbine Service Forecast
10.2 Americas Gas Turbine Service Forecast by Country (2026-2031)
10.2.1 United States Market Gas Turbine Service Forecast
10.2.2 Canada Market Gas Turbine Service Forecast
10.2.3 Mexico Market Gas Turbine Service Forecast
10.2.4 Brazil Market Gas Turbine Service Forecast
10.3 APAC Gas Turbine Service Forecast by Region (2026-2031)
10.3.1 China Gas Turbine Service Market Forecast
10.3.2 Japan Market Gas Turbine Service Forecast
10.3.3 Korea Market Gas Turbine Service Forecast
10.3.4 Southeast Asia Market Gas Turbine Service Forecast
10.3.5 India Market Gas Turbine Service Forecast
10.3.6 Australia Market Gas Turbine Service Forecast
10.4 Europe Gas Turbine Service Forecast by Country (2026-2031)
10.4.1 Germany Market Gas Turbine Service Forecast
10.4.2 France Market Gas Turbine Service Forecast
10.4.3 UK Market Gas Turbine Service Forecast
10.4.4 Italy Market Gas Turbine Service Forecast
10.4.5 Russia Market Gas Turbine Service Forecast
10.5 Middle East & Africa Gas Turbine Service Forecast by Region (2026-2031)
10.5.1 Egypt Market Gas Turbine Service Forecast
10.5.2 South Africa Market Gas Turbine Service Forecast
10.5.3 Israel Market Gas Turbine Service Forecast
10.5.4 Turkey Market Gas Turbine Service Forecast
10.6 Global Gas Turbine Service Forecast by Type (2026-2031)
10.7 Global Gas Turbine Service Forecast by Application (2026-2031)
10.7.1 GCC Countries Market Gas Turbine Service Forecast
11 Key Players Analysis
11.1 General Electric
11.1.1 General Electric Company Information
11.1.2 General Electric Gas Turbine Service Product Offered
11.1.3 General Electric Gas Turbine Service Revenue, Gross Margin and Market Share (2020-2025)
11.1.4 General Electric Main Business Overview
11.1.5 General Electric Latest Developments
11.2 Mitsubishi Hitachi Power Systems
11.2.1 Mitsubishi Hitachi Power Systems Company Information
11.2.2 Mitsubishi Hitachi Power Systems Gas Turbine Service Product Offered
11.2.3 Mitsubishi Hitachi Power Systems Gas Turbine Service Revenue, Gross Margin and Market Share (2020-2025)
11.2.4 Mitsubishi Hitachi Power Systems Main Business Overview
11.2.5 Mitsubishi Hitachi Power Systems Latest Developments
11.3 Siemens
11.3.1 Siemens Company Information
11.3.2 Siemens Gas Turbine Service Product Offered
11.3.3 Siemens Gas Turbine Service Revenue, Gross Margin and Market Share (2020-2025)
11.3.4 Siemens Main Business Overview
11.3.5 Siemens Latest Developments
11.4 Wood Group
11.4.1 Wood Group Company Information
11.4.2 Wood Group Gas Turbine Service Product Offered
11.4.3 Wood Group Gas Turbine Service Revenue, Gross Margin and Market Share (2020-2025)
11.4.4 Wood Group Main Business Overview
11.4.5 Wood Group Latest Developments
11.5 Kawasaki Heavy Industries
11.5.1 Kawasaki Heavy Industries Company Information
11.5.2 Kawasaki Heavy Industries Gas Turbine Service Product Offered
11.5.3 Kawasaki Heavy Industries Gas Turbine Service Revenue, Gross Margin and Market Share (2020-2025)
11.5.4 Kawasaki Heavy Industries Main Business Overview
11.5.5 Kawasaki Heavy Industries Latest Developments
11.6 Solar Turbines
11.6.1 Solar Turbines Company Information
11.6.2 Solar Turbines Gas Turbine Service Product Offered
11.6.3 Solar Turbines Gas Turbine Service Revenue, Gross Margin and Market Share (2020-2025)
11.6.4 Solar Turbines Main Business Overview
11.6.5 Solar Turbines Latest Developments
11.7 MTU Aero Engines
11.7.1 MTU Aero Engines Company Information
11.7.2 MTU Aero Engines Gas Turbine Service Product Offered
11.7.3 MTU Aero Engines Gas Turbine Service Revenue, Gross Margin and Market Share (2020-2025)
11.7.4 MTU Aero Engines Main Business Overview
11.7.5 MTU Aero Engines Latest Developments
11.8 Ansaldo Energia
11.8.1 Ansaldo Energia Company Information
11.8.2 Ansaldo Energia Gas Turbine Service Product Offered
11.8.3 Ansaldo Energia Gas Turbine Service Revenue, Gross Margin and Market Share (2020-2025)
11.8.4 Ansaldo Energia Main Business Overview
11.8.5 Ansaldo Energia Latest Developments
11.9 Sulzer
11.9.1 Sulzer Company Information
11.9.2 Sulzer Gas Turbine Service Product Offered
11.9.3 Sulzer Gas Turbine Service Revenue, Gross Margin and Market Share (2020-2025)
11.9.4 Sulzer Main Business Overview
11.9.5 Sulzer Latest Developments
11.10 MAN Diesel & Turbo
11.10.1 MAN Diesel & Turbo Company Information
11.10.2 MAN Diesel & Turbo Gas Turbine Service Product Offered
11.10.3 MAN Diesel & Turbo Gas Turbine Service Revenue, Gross Margin and Market Share (2020-2025)
11.10.4 MAN Diesel & Turbo Main Business Overview
11.10.5 MAN Diesel & Turbo Latest Developments
11.11 MJB International
11.11.1 MJB International Company Information
11.11.2 MJB International Gas Turbine Service Product Offered
11.11.3 MJB International Gas Turbine Service Revenue, Gross Margin and Market Share (2020-2025)
11.11.4 MJB International Main Business Overview
11.11.5 MJB International Latest Developments
11.12 Proenergy Services
11.12.1 Proenergy Services Company Information
11.12.2 Proenergy Services Gas Turbine Service Product Offered
11.12.3 Proenergy Services Gas Turbine Service Revenue, Gross Margin and Market Share (2020-2025)
11.12.4 Proenergy Services Main Business Overview
11.12.5 Proenergy Services Latest Developments
12 Research Findings and Conclusion

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