Global Gas Turbine Services Market, 2018 - 2025 - Key Players are GE Power, Siemens, Mitsubishi Hitachi Power Systems, Kawasaki Heavy Industries and MAN Diesel & Turbo SE

DUBLIN, Aug. 13, 2018 /PRNewswire/ --

The "Gas Turbine Services Market Size, Share & Trends Analysis Report By Turbine Type, By Turbine Capacity, By Service Type, By Service Provider, By End Use (Power Generation, Oil & Gas), And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.

The global gas turbine service market size is expected to reach USD 41.6 billion by 2025

The global market is anticipated to register a CAGR of 8.5% during the forecast period. Availability of natural gas in large quantities coupled with its relatively lower prices, especially in North America, China, and Thailand, has led to an increase in power generation using gas turbines.

The standby inspection (consist servicing of the relays cleaning, battery system, checking oil & water level and device calibration), running inspection, and combustion inspection (includes inspection of fuel nozzles and combustion liners) are the major maintenance and repair activities which are performed at different time interval, depending upon various factors such as operating hours, geographical condition, fuel, etc.

Growing focus on generating electricity through cleaner sources and discouragement of utilizing coal reserves are the factors anticipated to increase the share of gas turbines in the global energy mix. This, in turn, is expected to provide a favorable environment for the development of this market. One such strategy includes the recent orders passed by the current U.S. government to reverse the energy policies of the previous government and stop the war on coal, which is expected to boost the use of natural gas for energy production over the forecast period.

Further key findings from the report suggest:

• The global gas turbine service market was valued at USD 23.9 billion in 2017. The market is projected to witness a CAGR of 8.5% during the forecast period
• The industry is highly consolidated in nature and is centered around five major players, which hold over 60% of the market
• Early defect detection through the use of software and the preventive maintenance results in substantial cost saving, which has increased the importance of service providers in gas turbine market
• Ease of maintenance and operation, higher efficiency, relatively lesser weight, and compatibility at offshore locations are some significant factors projected to drive the demand for <_00 mw="mw" />
• The key players include GE Power, Siemens AG, Mitsubishi Hitachi Power Systems, Ltd. (MHPS), Kawasaki Heavy Industries, Ltd., and MAN Diesel & Turbo SE.

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Gas Turbine Services Market Industry Outlook

Chapter 4 Gas Turbine Services Market: Turbine Type Estimates & Trend Analysis

Chapter 5 Gas Turbine Services Market - Capacity Estimates & Trend Analysis

Chapter 6 Gas Turbine Services Market - Service Type Estimates & Trend Analysis

Chapter 7 Gas Turbine Services Market: Service Provider Estimates & Trend Analysis

Chapter 8 Gas Turbine Services Market - End-Use Estimates & Trend Analysis

Chapter 9 Gas Turbine Services Market - Regional Estimates & Trend Analysis

Chapter 10 Competitive Landscape

Chapter 11 Company Profiles

• GE Power
• Siemens AG
• Mitsubishi Hitachi Power Systems, Ltd.
• Kawasaki Heavy Industries, Ltd.
• Bharat Heavy Electricals Limited (BHEL)
• Ansaldo Energia S.p.A.
• Solar Turbines Incorporated
• MAN Diesel & Turbo SE
• Rolls Royce
• Centrax Ltd
• Dresser-Rand Group, Inc.
• EthosEnergy
• OPRA Technologies AS
• Shanghai Electric Group Co., Ltd.
• Sulzer Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/637tft/global_gas?w=5

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SOURCE Research and Markets