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  • Writer's pictureirene garcia
    • Dec 21, 2023
    • 3 min read

Gas Turbine and Turbine Services Market Analysis 2023-2028 | Industry Size, Current Scenario and Future Prospects

Market Overview: Global Gas Turbine and Turbine Services Market


According to the latest report from MarkNtel Advisors, the Global Gas Turbine and Turbine Services Market is projected to grow at a CAGR of around 4% during the forecast period, i.e., 2023-2028. Recognized for its comprehensive evaluation of business performance, product portfolios, operational segments, and industry developments, this market research firm delivers precise market projections and estimates through a meticulous research process. The report encompasses a SWOT analysis, evaluating Return on Investment (ROI) feasibility, economic conditions, relevant statistics, and key variables that underpin strategic market forecasts. Stakeholders benefit from reliable market insights, empowering them to make well-informed decisions.


Global Gas Turbine and Turbine Services 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.




Key Gas Turbine and Turbine Services Market Players and Their Strategies


The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Gas Turbine and Turbine Services market. The research report profiles major players, including


  • General Electric

  • Siemens AG

  • Mitsubishi Hitachi Power Systems, Ltd.

  • Kawasaki Heavy Industries, Ltd.

  • Ansaldo Energia S.P.A.

  • BHEL

  • Westinghouse

  • Sulzer AG

  • MH Power

  • EthosEnergy

  • MJB International

  • MTU Aero Engines AG

  • Turbine Services and Solutions LLC

  • Solar Turbines Inc.

  • Centrax Gas Turbines

  • Others



In-Depth Analysis of Lucrative Segments in the Gas Turbine and Turbine Services Market


Our comprehensive analysis of the Gas Turbine and Turbine Services market provides valuable insights into various segments. Investors keen on entering this market should have a thorough understanding of its lucrative segments to optimize their potential gains. To facilitate this understanding, our analyst has meticulously categorized the market into multiple segments, including. These segments are typically defined by product or service type, applications, end-users, and other relevant criteria, with further sub-categorization for enhanced insights. Our report thoroughly examines each sub-segment, highlighting the one that has historically held the largest market share or dominated the industry.


-By Revenues

-By Volume

-By Type

  • Gas Turbine Sales

  • Gas Turbine Services

-By Service Provider

  • OEM

  • Non-OEM

-By Application

  • Power Generation

  • Oil & Gas

  • Other Industrial Application

-By Capacity

  • 30 MW and Below

  • 31 MW to 100 MW

  • 101 MW to 200 MW

  • Above 200 MW

-By Region

  • North America

  • Europe

  • Asia Pacific

  • Middle East & Africa

  • South America



Key Gas Turbine and Turbine Services Market Questions Answered in this Report


  • What factors are driving growth, and what challenges are highlighted in the Market Research Report for the forecast period?

  • What is the anticipated growth rate for the Gas Turbine and Turbine Services Market from 2023 to 28?

  • What was the assessed market value of the Gas Turbine and Turbine Services Market in USD Millions for the year 2022?

  • How do technological advancements impact market trends and reshape competitive strategies across various sectors?

  • Which consumer behaviours and preferences are underscored in the report, and how can businesses customize their offerings to align with these evolving dynamics?

  • During the period 2023-2028, which segments exhibit the greatest potential for market expansion?


Related Report:



About Us


MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.


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Company Name: MarkNtel Advisors

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