Los Angeles, CA -- (SBWIRE) -- 04/18/2019 -- A gas turbine, also called a combustion turbine, is a type of internal combustion engine. It has an upstream rotating compressor coupled to a downstream turbine, and a combustion chamber or area, called a combustor, in between.

Middle East region enjoys largest revenue market share in the world, with a revenue market share nearly 31.8% in 2017. Following Middle East, North America is the second largest place with the revenue market share of 24.9%. North America has large number of existing and aging gas turbines fleet in the U.S. and Canada. Large number of long term service agreements for gas turbine services are also seen this region. In addition, demand for gas turbine services for mechanical drive application for process industry will also drive the market for gas turbines services in North America.

Market competition is intense. General Electric, Siemens, Mitsubishi Hitachi Power Systems, Wood Group, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.

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In 2018, the global Gas Turbine Services market size was 16500 million US$ and it is expected to reach 22600 million US$ by the end of 2025, with a CAGR of 4.0% between 2019 and 2025.

This report studies the Gas Turbine Services market size by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

This report focuses on the global top players, covered

General Electric

Mitsubishi Hitachi Power Systems

Siemens

Wood Group

Kawasaki Heavy Industries

Solar Turbines

MTU Aero Engines

Ansaldo Energia

Sulzer

MAN Diesel & Turbo

MJB International

Proenergy Services

Market segment by Regions/Countries, this report covers

North America

Europe

China

Rest of Asia Pacific

Central & South America

Middle East & Africa

Market segment by Type, the product can be split into

Heavy Duty Services

Aero-Derivative Services

Market segment by Application, the market can be split into

Power Generation

Oil & Gas

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