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A gas turbine is a combustion engine, which primarily runs on natural gas and converts this chemical energy produced from this combustion of natural gas to mechanical energy. This mechanical energy is further converted into electrical energy. The services provided to these gas turbines in order to maintain their operating condition are called gas turbine services. Strict government regulations toward clean power generation coupled with introduction of pollution control systems are expected to drive the market growth.
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Opportunity Analysis and Industry Forecast, 2016-2023 Gas Turbine Service Market by Turbine , by Turbine Capacity , by Service , by Sales, by End Use : Global Opportunity Analysis and Industry Forecast, 2021-2031 • Pages: 340 Tables: 212 Charts: 80
Global Gas Turbine Service Market Outlook (2021 – 2031) • Top Impacting Factors: • The global gas turbine services market size was valued at $19.6 billion in 2021, and gas turbine services industry is projected to reach $32.1 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031. • A gas turbine is a combustion engine, which primarily runs on natural gas and converts this chemical energy produced from this combustion of natural gas to mechanical energy. • The market is growing at a fast pace but some factors such as uncertainty in the demand or supply for natural gas and geopolitical tensions regarding variation in the prices of natural gas are expected to hamper the growth of the gas turbine service market in the global market. • By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. • Pages: 340 Tables: 212 Charts: 80
Global Gas Turbine Service Market Outlook (2021 – 2031) • Strict government regulations toward clean power generation coupled with introduction of pollution control systems are expected to drive the market growth. The dry segment accounted for the largest share in 2020, and projected to grow at the highest CAGR of 2.2%. • Gas turbines are less expensive, environment-friendly, and more reliable and efficient than engines based on other fuel sources. • The increasing demand for the gas turbine service market in the global market is owing to increase in awareness about the toxic-free production of electrical and mechanical energy. • The heavy duty turbine type segment dominates the global gas turbine service market. • Pages: 340 Tables: 212 Charts: 80
Global Gas Turbine Service Market Outlook (2021 – 2031) • Key Findings of Global Gas Turbine Service Market Outlook (2021 – 2031) • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the gas turbine service market analysis from 2021 to 2031 to identify the prevailing gas turbine service market opportunities. • The market research is offered along with information related to key drivers, restraints, and opportunities. • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. • In-depth analysis of the gas turbine service market segmentation assists to determine the prevailing market opportunities. • Major countries in each region are mapped according to their revenue contribution to the global market. • Pages: 340 Tables: 212 Charts: 80
Global Gas Turbine Service Market Outlook (2021 – 2031) • The key players profiled in the report include: • Mitsubishi Heavy Industries • Opra Turbines • VERICOR • Zorya-Mashproekt • Caterpillar Inc. • Siemens AG • MTU Aero Engines AG • PROENERGY • General Electric • Baker Hughes Company • Ansaldo Energia, EthosEnergy • MJB International LLC • Kawasaki Heavy Industries • Sulzer AG • MAN Energy Solutions • Centrax Gas Turbines • Pages: 340 Tables: 212 Charts: 80
Global Gas Turbine Service Market Outlook (2021 – 2031) Thank You! For More Details Visit us at https://www.alliedmarketresearch.com Follow Us On