Lucintel’s latest market report analyzed that gas turbine MRO market in the power industry provides attractive opportunities in the maintenance service type. The gas turbine MRO market in the power industry market is expected to reach $17.8 billion by 2025 with a CAGR of 3.4%. In this market, maintenance is the largest segment by type of service, whereas electric power utility is largest by end use industry.
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Based on type of service, the gas turbine MRO market in the power industry market is segmented into maintenance, repair, and overhaul. The maintenance segment is accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period supported by the increasing fleet age of gas turbines in the power industry.
Browse in-depth TOC on “Gas Turbine MRO Market in the Power Industry”
58 – Tables
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130 – Pages
The gas turbine MRO market in the power industry market is marked by the presence of several big and small players. Some of the prominent players offering gas turbine MRO market in the power industry include General Electrical, Siemens, Mitsubishi Heavy Industries, Wood Group, and Sulzer.
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