Home > Energy & Power > Electrical Equipment > Turbines > Asia Pacific Gas Turbine Service Market

Asia Pacific Gas Turbine Service Market Trends

Report ID: GMI9765
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

Asia Pacific Gas Turbine Service Market Trends

Gas turbine service is essential for utility, independent power, industrial, and cogeneration plant operators to maintain the reliability and availability of gas turbine engines. Growing industrialization along with increasing demand for energy efficiency will positively impact the industry scenario. In addition, rising focus on sustainable solutions with a push towards greener energy sources and the adoption of environmentally friendly will further drive the industry potential.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Asia Pacific market for gas turbine service was reached USD 6.7 billion in 2023 and is anticipated to register 8.4% CAGR between 2024 to 2032, owing to stringent government norms to limit carbon emissions and effective measures to improve the performance of power plants.

The maintenance segment of the Asia Pacific gas turbine service industry will record USD 2.5 billion by 2032, due to the rising renewable integration for necessitating reliable backup power and efficient turbine functioning.

China gas turbine service industry is set to surpass USD 5 billion by 2032, owing to abundant natural gas reserves and stringent emission regulations.

Ansaldo Energia, Baker Hughes Company, Caterpillar, Centrax Gas Turbines, EthosEnergy, General Electric, Kawasaki Heavy Industries, MAN Energy Solutions, and Mitsubishi Heavy Industries, among others