Global Gas Turbine Mro Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Service Type;

Maintenance, Repair, and Overhaul.

By Technology;

Heavy Duty, Light Industrial, and Aero-derivative

By End-user;

Power Utilities, Oil & Gas, Manufacturing, Aviation, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn248042125 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Gas Turbine Mro Market (USD Million), 2021 - 2031

In the year 2024, the Global Gas Turbine Mro Market was valued at USD 19,331.32 million. The size of this market is expected to increase to USD 25,098.22 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.8%.

The global gas turbine market has experienced significant growth over the past few decades, driven by the increasing demand for cleaner, more efficient energy generation solutions. Gas turbines are widely used across various industries, including power generation, oil and gas, and manufacturing. These turbines are highly efficient and capable of producing substantial amounts of power with lower emissions compared to traditional coal or oil-based power generation. The market is also influenced by the growing need for energy security, environmental regulations pushing for cleaner energy, and advancements in turbine technology that enhance performance, reduce operational costs, and increase reliability.

One of the key drivers of the gas turbine market is the rise in demand for electricity across the world, particularly in emerging economies where industrialization and urbanization are rapidly progressing. The flexibility, reliability, and efficiency of gas turbines make them an ideal solution for both base-load and peak-load power generation, as they can start up quickly and operate efficiently at varying loads. The increased use of renewable energy sources like wind and solar has also augmented the need for flexible gas turbines, as these renewable sources are intermittent and require backup power solutions, which gas turbines provide.

Technological advancements in gas turbine design and materials have also played a major role in the growth of the market. The development of advanced, high-efficiency turbines and the incorporation of digital technologies such as remote monitoring and control systems are improving the performance and reliability of gas turbines. Additionally, the ongoing trend toward the development of hybrid power plants that combine gas turbines with renewable energy sources, such as solar or wind, has also been a major factor contributing to the demand for gas turbines.

Environmental concerns and government regulations on carbon emissions are driving the adoption of cleaner technologies. Gas turbines, especially in combined cycle configurations, offer higher efficiency levels and lower emissions compared to other forms of power generation, making them a key component in efforts to reduce the carbon footprint of power generation. Moreover, the ability of gas turbines to operate on various fuels, including natural gas, hydrogen, and biofuels, further supports their growing role in a low-carbon energy future.

The global gas turbine market is segmented by capacity, technology, type, and end-user industry. The market is also geographically diverse, with significant growth observed in regions such as Asia-Pacific, Europe, and North America. Developing regions, in particular, are expected to contribute heavily to the market's expansion due to increasing demand for electricity and industrial development. However, challenges such as the high initial cost of gas turbines and the need for regular maintenance and technical expertise may restrain the growth of the market. Despite these challenges, the ongoing advancements in technology and favorable government policies will continue to drive the growth of the global gas turbine market in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Service Type
    2. Market Snapshot, By Technology
    3. Market Snapshot, By End-user
    4. Market Snapshot, By Region
  4. Global Gas Turbine Mro Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Energy Demand
        2. Technological Advancements in Turbine Efficiency
        3. Environmental Regulations and Push for Cleaner Energy
        4. Expanding Aviation Sector
      2. Restraints
        1. High Operational Costs
        2. Availability of Skilled Labor
        3. Long Downtime During Maintenance
        4. Complexity of Gas Turbine Systems
      3. Opportunities
        1. Growth in Emerging Economies
        2. Advancements in Hybrid Power Systems
        3. Increase in Replacement and Upgrade Demand
        4. Expansion of Renewable Energy Integration
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Gas Turbine Mro Market, By Service Type, 2021 - 2031 (USD Million)
      1. Maintenance
      2. Repair
      3. Overhaul
    2. Global Gas Turbine Mro Market, By Technology, 2021 - 2031 (USD Million)
      1. Heavy Duty
      2. Light Industrial
      3. Aero-derivative
    3. Global Gas Turbine Mro Market, By End-user, 2021 - 2031 (USD Million)
      1. Power Utilities
      2. Oil & Gas
      3. Manufacturing
      4. Aviation
      5. Others
    4. Global Gas Turbine Mro Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. GE
      2. Siemens
      3. Mitsubishi Hitachi Power Systems, Ltd.
      4. Ansaldo Energia
      5. Solar Turbines
      6. Kawasaki Heavy Industries, Ltd.
      7. Baker Hughes
  7. Analyst Views
  8. Future Outlook of the Market