Global Gas Turbine and Turbine Services Market Size, Share, Analysis, Trends Future & Forecast 2028
MarkNtel Advisors has recently released an all-encompassing report on Global Gas Turbine and Turbine Services Market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.
Forecast 2028: Revealing Gas Turbine and Turbine Services Market Insights and Analysis
The Global Gas Turbine and Turbine Services Market is projected to grow at a CAGR of around 4% during the forecast period, i.e., 2023-28.
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Market Driver: Escalating Energy Requirements Worldwide
With rapid urbanization & industrialization, coupled with increasing infrastructural developments & smart home construction activities worldwide, the electricity demand is increasing enormously. To cater to these requirements, both public & private sectors are either installing new power plants or expanding the capacity of their existing ones, i.e., leading to increasing installation of gas turbines in these power plants as they are less harmful. These trends project lucrative prospects for the Gas Turbine and Turbine Services Market during 2023-28.
A Comprehensive Overview of Geographical Diversity:
the Global Gas Turbine and Turbine Services Market expands across:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Of all regions globally, North America dominates the Gas Turbine and Turbine Services Market.
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Gas Turbine and Turbine Services Market Segmentation Outline:
- By Revenues
- By Volume
- By Type
- Gas Turbine Sales
- Heavy Duty Turbine
- Aeroderivative Turbine
- Industrial Turbine
- Gas Turbine Services
- Overhaul
- Maintenance and Repair
Of them all, Heavy Duty Turbines dominate the Gas Turbine and Turbine Services Market with the largest share.
- By Service Provider
- OEM
- Non-OEM
- By Application
- Power Generation
- Oil & Gas
- Other Industrial Application
Here, power Generation carries the largest share in the Global Gas Turbine and Turbine Services market.
- By Capacity
- 30 MW and Below
- 31 MW to 100 MW
- 101 MW to 200 MW
- Above 200 MW
Competitive Outlook
General Electric, Alstom, Siemens AG, Mitsubishi Hitachi Power Systems, Ltd., Kawasaki Heavy Industries, Ltd., Ansaldo Energia S.P.A., BHEL, Westinghouse, Sulzer AG, MH Power, Ethos Energy, MJB International, MTU Aero Engines AG, Turbine Services and Solutions LLC, Solar Turbines Incorporated, Centrax Gas Turbines.
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