Report Feature
The global gas turbine MRO market in the power industry is forecast to grow at a CAGR of 3.9% from 2016 to 2021. The major drivers of growth for this market are the aging fleet of gas turbines and stringent government regulations on emission control.
Emerging trends, which have a direct impact on the dynamics of gas turbine MRO industry, include the increasing long term service agreements between OEMs and power producers and technological advancement in gas turbine MRO services.
A total of 60 figures / charts and 26 tables are provided in this 93-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of gas turbine MRO market report, download the report brochure.
The study includes a forecast of the global gas turbine MRO market in the power industry through 2021, segmented by type of service, by type of service provider, and region as follows:
Gas turbine MRO market by type of service [Value ($ Billion) for 2010 – 2021]:
- Maintenance
- Repair
- Overhaul
Gas turbine MRO market by type of service provider [Value ($ Billion) for 2010 – 2021]:
- Original Equipment Manufacturers
- Independent Service Providers
- In-House
Gas turbine MRO market by region [Value ($ Billion) for 2010 – 2021]:
- North America
- Europe
- Asia Pacific
- Rest of the World
In this market, there are mainly three services practiced: maintenance, repair, and overhaul. Lucintel predicts that the maintenance service segment is likely to experience the highest growth in the forecast period supported by maintenance requirements for aging gas turbines. On the basis of comprehensive research, Lucintel forecasts that maintenance and repair market are expected to show above average growth during the forecast period.
Amongst type of service providers there are three major segments: original equipment manufacturers, independent service providers and in-house. Within the gas turbine MRO market, the original equipment manufacturers (OEMs) segment is expected to remain as the largest market. The long-term service agreements between OEMs and power producers are expected to spur the growth of this segment over the forecast period.
North America is expected to remain the largest market due to requirement of MRO services for a large number of existing and aging gas turbines shipped to this region in the preceding years. North America and Rest of the World are expected to show above-average growth during the forecast period due to an increasing number of aging fleet of gas turbines, and subsequently increasing service agreements.
Some of the features of “Growth Opportunities in the Global Gas Turbine MRO Market in the Power Industry 2016-2021: Trends, Forecast, and Opportunity Analysis” include:
- Market size estimates: Growth opportunities in the global gas turbine MRO market size estimation in the power industry in terms of value ($B).
- Trend and forecast analysis: Global gas turbine MRO market trend (2010-2015) and forecast (2016-2021) in the power industry by region and segment.
- Segmentation analysis: Global gas turbine MRO market in the power industry by type of service such as maintenance, repair and overhaul and by type of service provider such as OEMs, ISPs and In-House in terms of value.
- Regional analysis: Global gas turbine MRO market in the power industry, breakdown by key regions such as North America, Europe, Asia Pacific, and Rest of the World.
- Growth opportunities: Analysis on growth opportunities in different type of services, service providers and regions.
- Strategic analysis: This includes M&A, competitive landscape, and expansion strategies in the gas turbine MRO market for the power industry.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
Table of Contents
List of Figures
Figure 2.1: Gas Turbine Power Plant
Figure 2.2: GE Heavy Duty Gas Turbine
Figure 2.3: Components of Gas Turbine
Figure 2.4: Compressor of Gas Turbine
Figure 2.5: Combustor of Gas Turbine
Figure 2.6: Turbine of Gas Turbine
Figure 2.7: Shaft of Gas Turbine
Figure 2.8: Types of Gas Turbine in Power Industry
Figure 2.9: An Open Cycle Unit Diagram
Figure 2.10: A Proposed Natural Gas Combined Cycle Power Plant in New York
Figure 2.11: A Combined Cycle Unit Diagram
Figure 2.12: Systematic Process of Electricity Generation and Distribution
Figure 2.13: Gas Turbine MRO Structure
Figure 2.14: Gas Turbine at MTU Maintenance Berlin-Brandenburg / Germany
Figure 2.15: Supply Chain of Gas Turbine MRO Market
Figure 3.1: The Global Gas Turbine MRO Market ($ Billion) Distribution by Type of Service in 2015
Figure 3.2: The Global Gas Turbine MRO Market ($ Billion) by Type of Service in 2015
Figure 3.3: The Global Gas Turbine MRO Market ($ Billion) Distribution by Region in 2015
Figure 3.4: The Global Gas Turbine MRO Market ($ Billion) by Region in 2015
Figure 3.5: Regional Gas Turbine MRO Market ($ Billion) by Type of Services
Figure 3.6: The Global Gas Turbine MRO Market ($ Billion) Distribution by Type of Service Provider in 2015
Figure 3.7: The Global Gas Turbine MRO Market ($ Billion) by Type of Service Provider in 2015
Figure 3.8: Global Natural Gas Price (USD/mmbtu) Trends from 2010 to 2015
Figure 3.9: Global GDP Growth Rate Trends
Figure 3.10: Trends of Regional GDP Growth Rate
Figure 3.11: The Global Gas Turbine MRO Market ($ Billion) Trends from 2010 to 2015
Figure 3.12: The Global Gas Turbine MRO Market ($ Billion) Trends by Type of Service from 2010 to 2015
Figure 3.13: Year-over-Year Growth Rate of the Global Gas Turbine MRO Market ($ Billion) by Type of Service from 2014 to 2015
Figure 3.14: CAGR of the Global Gas Turbine MRO Market ($Billion) by Type of Service from 2010 to 2015
Figure 3.15: The Global Gas Turbine MRO Market ($ Billion) Trends by Region from 2010 to 2015
Figure 3.16: Year-over-Year Growth Rate of the Global Gas Turbine MRO Market by Region from 2014 to 2015
Figure 3.17: CAGR of the Global Gas Turbine MRO Market by Region from 2010 to 2015
Figure 3.18: The Global Gas Turbine MRO Market ($ Billion) Trends by Type of Service Provider from 2010 to 2015
Figure 3.19: Year-over-Year Growth Rate of the Global Gas Turbine MRO Market by Type of Service Provider from 2014 to 2015
Figure 3.20: CAGR of the Global Gas Turbine MRO Market by Type of Service Provider from 2014 to 2015
Figure 3.21: Drivers and Challenges of the Global Gas Turbine MRO Market
Figure 3.22: Global Natural Gas Price Forecast from 2016 to 2020
Figure 3.23: Forecast of Global GDP Growth Rate
Figure 3.24: Forecast of Regional GDP Growth Rate
Figure 3.25: The Global Gas Turbine MRO Market ($ Billion) Forecast from 2016 to 2021
Figure 3.26: The Global Gas Turbine MRO Market ($ Billion) Forecast by Type of Service from 2016 to 2021
Figure 3.27: Year-over-Year Growth Rate of the Global Gas Turbine MRO Market by Type of Service from 2015 to 2016
Figure 3.28: CAGR of the Global Gas Turbine MRO Market by Type of Service from 2016 to 2021
Figure 3.29: The Global Gas Turbine MRO Market ($ Billion) Forecast by Region from 2016 to 2021
Figure 3.30: Year-over-Year Growth Rate of the Global Gas Turbine MRO Market by Region from 2015 to 2016
Figure 3.31: CAGR of the Global Gas Turbine MRO Market by Region from 2016 to 2021
Figure 3.32: The Global Gas Turbine MRO Market ($ Billion) Forecast by Type of Service Provider from 2016 to 2021
Figure 3.33: Year-over-Year Growth Rate of the Global Gas Turbine MRO Market ($ Billion) by Type of Service Provider from 2016 to 2021
Figure 3.34: CAGR of the Global Gas Turbine MRO Market ($ Billion) by Type of Service Provider from 2016 to 2021
Figure 5.1: Growth Opportunities in the Global Gas Turbine MRO Market by Type of Service from 2016 to 2021
Figure 5.2: Growth Opportunities in the Global Gas Turbine MRO Market by Region from 2016 to 2021
Figure 5.3: Growth Opportunities in the Global Gas Turbine MRO Market by Type of Service Provider from 2016 to 2021
Figure 5.4: Emerging Trends in the Global Gas Turbine MRO Market
Figure 5.5: Capacity Expansion by Major Players in the Global Gas Turbine MRO Market
List of Tables
Table 3.1: The Global Gas Turbine MRO Market Trends from 2010 to 2015
Table 3.2: Average Growth Rates for One, Three, and Five Years in the Global Gas Turbine MRO Market in Terms of Value Shipment ($ Billion)
Table 3.3: Market Size and Growth Rates of the Global Gas Turbine MRO Market by Type of Service from 2014 to 2015
Table 3.4: Market Size and CAGR of the Global Gas Turbine MRO Market by Type of Service during Last Five Years (2010 to 2015)
Table 3.5: Market Size and Growth Rates of the Global Gas Turbine MRO Market by Region from 2014 to 2015
Table 3.6: Market Size and CAGR of the Global Gas Turbine MRO Market by Region during Last Five Years (2010 to 2015)
Table 3.7: Market Size and Growth Rates of the Global Gas Turbine MRO Market by Type of Service Provider from 2014 to 2015
Table 3.8: Market Size and CAGR of the Global Gas Turbine MRO Market by Type of Service Provider during Last Five Years (2010 to 2015)
Table 3.9: The Global Gas Turbine MRO Market Trends from 2010 to 2015
Table 3.10: Average Growth Rates for One, Three, and Five years in the Global Gas Turbine MRO Market in Terms of Value Shipment ($ Billion)
Table 3.12: Market Size and CAGR of the Global Gas Turbine MRO Market by Type of Service during Next Five Years (2016 to 2021) in
Table 3.13: Market Size and Growth Rates of the Global Gas Turbine MRO Market by Region from 2015 to 2016
Table 3.14: Market Size and CAGR of the Global Gas Turbine MRO Market by Region during the Next Five Years (2016 to 2021)
Table 3.15: Market Size and Growth Rates of the Global Gas Turbine MRO Market by Type of Service Providers from 2015 to 2016
Table 3.16: Market Size and CAGR of the Global Gas Turbine MRO Market by Type of Service Provider during the Next Five Years (2016 to 2021)
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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Key Questions
- • How big the opportunities for the global gas turbine MRO market in the power industry by type of service, service provider, and region?
- • Which product / segments will grow at a faster pace and why?
- • Which region will grow at a faster pace and why?
- • What are the key factors affecting market dynamics? What are the drivers and challenges of gas turbine MRO market?
- • What are the business risks and threats of this market?
- • What are the emerging trends in this market and reasons behind them?
- • What are some changing demands of customers ingas turbine MRO market?
- • What are the new developments in the market? Which companies are leading these developments?
- • Who are the major players in this market? What strategic initiatives are taken by key players for business growth?
- • How is the competitive rivalry and threat of substitution in this market?
- • What M & A activities have transpired in the last 5 years in this market and describe their impact on the industry?
