Advancements in Technology Gas Turbine MRO Market for Power Generation Will Drive Growth at CAGR of 4.14% Between 2017-2021


Albany, NY — (SBWIRE) — 09/11/2017 — Gas turbines are mainly used in gas-fired power plants for power generation. Natural gas is used as a source of fuel in gas turbines owing to lesser carbon emissions when compared with coal. Owing to advancements in technology, gas turbines provide better output at higher efficiencies. The efficiency of gas turbines has increased drastically from 15% to nearly 60%. To maintain the efficiency of gas turbines during their lifetime, MRO services are used.

Technavios analysts forecast the global gas turbine MRO market to grow at a CAGR of 4.14% during the period 2017-2021.

This report mainly introduces volume and value market share by players, by regions, by product type, by consumers and also their price change details. As a MarketResearchReports.Biz report, it covers all details inside analysis and opinion in gas turbine MRO market.

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Covered in this report

The report covers the present scenario and the growth prospects of the global gas turbine MRO market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
North America

Technavio’s report, Global Gas Turbine MRO Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Ansaldo Energia

Other prominent vendors
MAN Diesel & Turbo
Solar Turbines

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Market driver
Shutting down of coal-based power plants
For a full, detailed list, view our report

Market challenge
Declining oil prices
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Market trend
Market consolidation
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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