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Global Gas Turbine MRO Market to reach USD 18.21 billion by the end of 2030.

Global Gas Turbine MRO Market Size study & Forecast, by Type (Maintenance, Repair, Overhaul), by Provider Type (OEM, Independent Service Provider, In House) by End Use (Power Generation, Oil and Gas, Aviation, Others) and Regional Analysis, 2023-2030

Product Code: EPPGS-46880099
Publish Date: 20-07-2023
Page: 200

Global Gas Turbine MRO Market is valued approximately USD 14.21 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 3.2% over the forecast period 2023-2030. A gas turbine in power sector is used to convert the kinetic energy from gas into mechanical energy and then to electrical power. The turbine requires ongoing maintenance since it contains several spinning components. Gas turbine maintenance, repair and overhauls (MRO) are necessary for the efficient operation of both the turbines and the power plants at regular intervals. To drive market expansion, gas turbines are increasingly replacing nuclear and coal-powered ones. The market has benefited as a result of major companies being urged to build more natural gas-based power facilities in response to growing environmental concerns. The key factor driving the market growth is old energy production infrastructure. The need for electricity is rising as a result of more smart city projects and smart buildings, and gas turbine power plants are seeing more investment due to the increased demand for energy on a global basis.

Moreover, the growing aviation sector plays a significant role in supporting the growth of the Gas Turbine MRO (Maintenance, Repair, and Overhaul) market. As the aviation industry expands, there is a higher demand for aircraft to meet the growing passenger and cargo transportation needs. This leads to an increase in the number of gas turbine engines used in commercial and military aircraft. With a larger fleet, the demand for maintenance, repair, and overhaul services for these engines also rises, driving the growth of the Gas Turbine MRO market. According to Statista, in 2020, the global airline industry was valued USD 391.22 billion and industry increased significantly and reached USD 785.64 billion. Additionally, the rising use of natural gas in the power sector, the change from coal to gas-based power production, and the expansion of gas-fired power plant infrastructure are all likely to provide enormous opportunities for gas turbine MRO companies in the future. However, growth in the renewable energy sector stifling market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Gas Turbine MRO Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing of the increased shale gas development, the region also contains multiple gas-driven turbine plants that run mostly on natural gas. According to the US Energy Information Administration (EIA) in 2021, coal accounts for more than 40% of the nation’s electricity while natural gas accounts for over 25%. The EIA predicts that natural gas be the predominant fuel for power generation by 2035. The bulk of energy in North America is generated by gas turbine-powered facilities, and this trend is expected to continue in the future. Asia Pacific is expected to grow significantly during the forecast period, owing to increased demand for energy and increased attempts to minimise emissions from the power producing industry, as well as continued economic expansion and several government initiatives aimed at boosting access to electricity in the region.

Major market player included in this report are:
Mitsubishi Heavy Industries, Ltd.
Siemens AG
Kawasaki Heavy Industries, Ltd.
Henkel AG & Co. KGaA
Triveni Turbines Limited
RWG (Repair & Overhauls) Limited
General Electric Co.
PT PLN Nusantara Power
Global Turbine Asia Sdn Bhd
Ethos Energy LLC
Recent Developments in the Market:
Ø In February 2022, Siemens AG, a provider of energy technologies, and ZEISS, a maker of metrology devices, have collaborated to develop Maker Verse, a one-stop on-demand 3D printing fulfilment platform. The business anticipates using this in the development of its gas turbines’ maintenance, repair, and operations (MRO).
Ø In February 2022, Optomec has received a USD 1.25 million contract for a production Metal Additive Manufacturing machine for the maintenance of industrial gas turbine components. Metal Additive Repair from Optomec Optomec’s Metal Additive repair solutions have been implemented in almost 100 MRO installations for power generation applications in big volume production.

Global Gas Turbine MRO Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Provider Type, End Use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
By Provider Type:
Independent Service Provider
In House
By End Use:
Power Generation
Oil and Gas
By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Gas Turbine MRO Market, by Region, 2020-2030 (USD Billion)
1.2.2. Gas Turbine MRO Market, by Type, 2020-2030 (USD Billion)
1.2.3. Gas Turbine MRO Market, by Provider Type, 2020-2030 (USD Billion)
1.2.4. Gas Turbine MRO Market, by End Use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Gas Turbine MRO Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Gas Turbine MRO Market Dynamics
3.1. Gas Turbine MRO Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing smart city projects and smart buildings Growing maintenance services
3.1.2. Market Challenges High Cost of Gas Turbine MRO Growth in the renewable energy sector
3.1.3. Market Opportunities Rising use of natural gas in the power sector Expansion of gas-fired power plant infrastructure
Chapter 4. Global Gas Turbine MRO Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Gas Turbine MRO Market, by Type
5.1. Market Snapshot
5.2. Global Gas Turbine MRO Market by Type, Performance – Potential Analysis
5.3. Global Gas Turbine MRO Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Gas Turbine MRO Market, Sub Segment Analysis
5.4.1. Maintenance
5.4.2. Repair
5.4.3. Overhaul
Chapter 6. Global Gas Turbine MRO Market, by Provider Type
6.1. Market Snapshot
6.2. Global Gas Turbine MRO Market by Provider Type, Performance – Potential Analysis
6.3. Global Gas Turbine MRO Market Estimates & Forecasts by Provider Type 2020-2030 (USD Billion)
6.4. Gas Turbine MRO Market, Sub Segment Analysis
6.4.1. OEM
6.4.2. Independent Service Provider
6.4.3. In House
Chapter 7. Global Gas Turbine MRO Market, by End Use
7.1. Market Snapshot
7.2. Global Gas Turbine MRO Market by End Use, Performance – Potential Analysis
7.3. Global Gas Turbine MRO Market Estimates & Forecasts by End Use 2020-2030 (USD Billion)
7.4. Gas Turbine MRO Market, Sub Segment Analysis
7.4.1. Power Generation
7.4.2. Oil and Gas
7.4.3. Aviation
7.4.4. Others
Chapter 8. Global Gas Turbine MRO Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Gas Turbine MRO Market, Regional Market Snapshot
8.4. North America Gas Turbine MRO Market
8.4.1. U.S. Gas Turbine MRO Market Type breakdown estimates & forecasts, 2020-2030 Provider Type breakdown estimates & forecasts, 2020-2030 End Use breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Gas Turbine MRO Market
8.5. Europe Gas Turbine MRO Market Snapshot
8.5.1. U.K. Gas Turbine MRO Market
8.5.2. Germany Gas Turbine MRO Market
8.5.3. France Gas Turbine MRO Market
8.5.4. Spain Gas Turbine MRO Market
8.5.5. Italy Gas Turbine MRO Market
8.5.6. Rest of Europe Gas Turbine MRO Market
8.6. Asia-Pacific Gas Turbine MRO Market Snapshot
8.6.1. China Gas Turbine MRO Market
8.6.2. India Gas Turbine MRO Market
8.6.3. Japan Gas Turbine MRO Market
8.6.4. Australia Gas Turbine MRO Market
8.6.5. South Korea Gas Turbine MRO Market
8.6.6. Rest of Asia Pacific Gas Turbine MRO Market
8.7. Latin America Gas Turbine MRO Market Snapshot
8.7.1. Brazil Gas Turbine MRO Market
8.7.2. Mexico Gas Turbine MRO Market
8.8. Middle East & Africa Gas Turbine MRO Market
8.8.1. Saudi Arabia Gas Turbine MRO Market
8.8.2. South Africa Gas Turbine MRO Market
8.8.3. Rest of Middle East & Africa Gas Turbine MRO Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Mitsubishi Heavy Industries, Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Eli Siemens AG
9.3.3. Kawasaki Heavy Industries, Ltd.
9.3.4. Henkel AG & Co. KGaA
9.3.5. Triveni Turbines Limited
9.3.6. RWG (Repair & Overhauls) Limited
9.3.7. General Electric Co.
9.3.8. PT PLN Nusantara Power
9.3.9. Global Turbine Asia Sdn Bhd
9.3.10. Ethos Energy LLC
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
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