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Middle East & Africa Heavy Duty Gas Turbine Service Market Trends

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

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Middle East & Africa Heavy Duty Gas Turbine Service Market Trends

Stringent government rehabilitation to reduce carbon emissions, combined with a slowdown in gas prices will positively impact the gas turbine service market. Surging efforts to develop sustainable energy networks along with ongoing refurbishment of existing power plants will favor the business scenario. The growing presence of manufacturing facilities along with the rapid expansion of gas-powered plants particularly in developing nations will shape the industry landscape. The significant integration of captive generation stations to meet rising electricity demands will further boost the gas turbine market.

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