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Middle East & Africa Heavy Duty Gas Turbine Service Market Analysis

  • Report ID: GMI9762
  • Published Date: Jun 2024
  • Report Format: PDF

Middle East & Africa Heavy Duty Gas Turbine Service Market Analysis

The repair heavy duty gas turbine service market will reach over USD 3.5 billion by 2032. Government initiatives aimed at expanding power capacity propelled by rapid industrialization and population growth is set to positively impact the business landscape. The stringent regulations mandating the integration of clean energy technologies coupled with a growing consumer preference for eco-friendly power sources will invigorate the industry dynamics.

 

Middle East & Africa Heavy Duty Gas Turbine Market Revenue Share, By Application, 2023

The oil & gas heavy duty gas turbine service market size will witness growth rate of over 8% through 2032. These turbines play a pivotal role in power generation, compression, and various industrial processes, making their uninterrupted operation paramount for productivity. Increasing consumer inclination toward maximizing uptime, optimizing performance and ensuring safety & compliance will positively impact the business potential.

 

Saudi Arabia Heavy Duty Gas Turbine Market Size, 2022 - 2032 (USD Million)

The Saudi Arabia heavy duty gas turbine service market is set to surpass USD 800 million by 2032. Rapid economic expansion in emerging markets along with rising electricity demand will drive the business opportunities. Increased awareness of environmental and energy security combined with the adoption of advanced auxiliary technologies will further boost the industry potential.

 

Significant investments in power generation infrastructure along with robust demand for services to ensure the smooth operation of power plants will stimulate the Egypt heavy duty gas turbine service market. In addition, advancements in digitalization and predictive maintenance technologies are increasingly shaping the landscape enabling proactive maintenance strategies and reducing downtime.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of Middle East & Africa heavy duty gas turbine service was reached USD 4.12 billion in 2023 and is anticipated to register 8.7% CAGR between 2024 to 2032, owing to increasing effective measures to improve the performance of power plants and upgradation of aging fleets of gas turbines.

The repair segment of the Middle East & Africa heavy duty gas turbine service industry will record USD 3.5 billion by 2032 due to the increasing government initiatives to expand power capacity driven by rapid industrialization and population growth.

Saudi Arabia heavy duty gas turbine service industry size may reach USD 800 million by 2032, owing to rapid economic expansion in emerging markets along with rising electricity demand.

Ansaldo Energia, Centrax Gas Turbines, EthosEnergy, General Electric, Kawasaki Heavy Industries, MAN Energy Solutions, Mitsubishi Heavy Industries, MJB International LLC, MTU Aero Engines AG and Opra Turbines, among others

Middle East & Africa Heavy Duty Gas Turbine Service Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 10
  • Countries covered: 16
  • Pages: 100
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