Combustion Turbine Services Market by Type (Maintenance, Repair, Overhaul), Application (Oil Turbine Services, Gas Energy Turbine Services), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

  • Publish Date: Mar, 2020
  • Report ID: 417820
  • Category: Energy & Power
  • Pages: 159

The global combustion turbine services market is expected to grow from USD 16.94 billion in 2019 to USD 23.16 billion by 2027, at a CAGR of 3.98% during the forecast period from 2020-2027.

A combustion turbine is a combustion engine that coverts the natural gas or other liquid fuels to mechanical energy. The turbine components are subjected to extremely high temperatures and high pressure. This energy then drives the generator to produce electrical power. Regular maintenance is necessary to ensure the effective and efficient performance of the gas turbine. 

Increasing demand to enhance the overall productivity of plants for the long term is one of the prominent factors driving market growth. The increasing installation of gas turbine services to fulfil the demand of energy, also fuelling the demand for combustion turbine services. Furthermore, the rise in the need for aftermarket services for combustion turbines is anticipated to drive the market in the upcoming years. However, these services are quite expensive, and thus, plant owners avoid doing services on a regular basis, which could limit the market growth in the upcoming years.

This study delivers a comprehensive analysis of type, application, and region. The type segment includes maintenance, repair, and overhaul. Maintenance segment accounted for a major market share of 43.35% in 2019. Regular maintenance of combustion turbine increases the productivity of facility and system efficiency. Regular maintenance reduces the overall cost and avoids the unscheduled repair, downtime, and forces outrage. Thus, many facilities are demanding for the proper maintenance of the combustion turbine, which is boosting the growth of this segment. The application segment is classified into oil turbine services, gas energy turbine services, and others. Gas, energy turbine services, is projected to grow at the highest CAGR of 4.95% over the forecast period. With the increase in the demand for power generation, the installation of gas turbines is witnessing rapid growth. In addition to this, there is also the rising trend of up-gradation of existing gas turbines to boost power generation. Thus, rising in the installation of gas turbines across the globe, the demand for services is likely to increase in the upcoming years. 

The combustion turbine services market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America led the global gas turbine services market and held the largest market share of 31.25% in the year 2019. Rising power generation from natural gases in North America is the factor driving the growth of the market. As per the study by U.S. Energy Information Administration, in the year 2019, around 63% of total electricity generation was from fossil fuels— natural gas, coal, petroleum, and other gases. Combustion turbines are necessary for the conversion of these natural gases into energy. Thus, increasing the installation of combustion turbines in the region, driving the growth of the market.

Some of the prominent companies in the combustion turbine services market are Sulzer Ltd., Siemens Ltd., General Electric, Mitsubishi Hitachi Power Systems, MAN Diesel & Turbo, Kawasaki, Mechanical Dynamics and Analysis, EthosEnergy, and MJM International among others. Major players are continuously focusing on strategic partnerships, new developments, acquisitions, and venture capital investments to obtain high growth to gain a significant share in the market. In July 2019, Sulzer Ltd. announced that it completed the acquisition of Alba Power, a Scottish aero-derivative gas turbine services company, to diversify its gas turbine service business into distributed power and offshore as well as marine applications.

This study forecasts revenue growth at global, regional, and country levels from 2013 to 2027. Fior Markets has segmented the on the basis of below-mentioned segments:

  • Global Combustion Turbine Services Market Analysis And Forecast, By Type
    • Maintenance
    • Repair
    • Overhaul
  • Global Combustion Turbine Services Market Analysis And Forecast, By Application
    • Oil Turbine Services
    • Gas Energy Turbine Services
    • Others
  • Global Combustion Turbine Services Market Analysis And Forecast, By Regional Analysis
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • Sweden
      • Netherland
      • U.K.
      • Italy
      • Spain
      • Turkey
      • Switzerland
      • Belgium
      • Rest Of Europe
    • Asia-Pacific
      • Japan
      • China
      • India
      • South Korea
      • Australia
      • Singapore
      • Malaysia
      • Thailand
      • Indonesia
      • Philippines
      • Rest Of APAC
    • South America
      • Brazil
      • Argentina
      • Peru
      • Colombia
      • Rest Of South America
    • Middle East And Africa
      •  UAE
      •  Saudi Arabia
      •  Egypt
      •  Nigeria
      •  South Africa
      • Rest of MEA

Chapter 1 Introduction 12
    1.1 Research Methodology 12
    1.2 FMR desk research 13
          1.2.1 FMR data synthesis 14
          1.2.2 Data validation and market feedback 14
          1.2.3 FMR data sources 15

Chapter 2 Global Combustion Turbine Services Market Overview 17
    2.1 Product Overview and Scope of Combustion Turbine Services 17
    2.2 Commercial Types of Combustion Turbine Services 20
          2.2.1 Maintenance 21
          2.2.2 Repair 23
          2.2.3 Overhaul 24
    2.3 Downstream Application of Combustion Turbine Services 25
          2.3.1 Oil Turbine Services 26
          2.3.2 Commercial Use Gas Energy Turbine Services 28
    2.4 Development History of Combustion Turbine Services 29
    2.5 Market Status and Trend of Combustion Turbine Services 2013-2027 32
    2.6 Regional Combustion Turbine Services Market Status and Trend 2013-2027 34
          2.6.1 North America Market Status and Trend 2013-2027 34
          2.6.2 Europe Market Status and Trend 2013-2027 36
          2.6.3 Asia Pacific Market Status and Trend 2013-2027 38
          2.6.4 South America Market Status and Trend 2013-2027 40
          2.6.5 Middle East & Africa Market Status and Trend 2013-2027 41

Chapter 3 Global Market Status by Regions 42
    3.1 Market Development of Combustion Turbine Services 2013-2018 42
    3.2 Production Market of Combustion Turbine Services by Regions 43
          3.2.1 Sales (Number of Combustion Turbine Service) of Combustion Turbine Services by Regions 43
          3.2.2 Regions Sales Value of Combustion Turbine Services by Regions 48

Chapter 4 Global Combustion Turbine Services Production by Regions 53
    4.1 Sales (Number of Combustion Turbine Service) of Combustion Turbine Services by Types 53
    4.2 Sales Value of Combustion Turbine Services by Types 58
    4.3 Market Forecast of Combustion Turbine Services by Types 63

Chapter 5 Global Market Status by Downstream Industry 68
    5.1 Sales (Number of Combustion Turbine Service) of Combustion Turbine Services by Downstream Industry 68
    5.2 Market Forecast of Combustion Turbine Services by Downstream Industry 73

Chapter 6 Market Driving Factor Analysis of Combustion Turbine Services 75
    6.1 Global Economy Situation and Trend Overview 75
    6.2 Combustion Turbine Services Downstream Industry Situation and Trend Overview 77

Chapter 7 Combustion Turbine Services Market Competition Status by Major Manufacturers 78
    7.1 Sales (Number of Combustion Turbine Service) of Combustion Turbine Services by Major Manufacturers 78
    7.2 Sales Value of Combustion Turbine Services by Major Manufacturers 82

Chapter 8 Combustion Turbine Services Major Manufacturers 86
    8.1 General Electric 86
          8.1.1 COMBUSTION TURBINE SERVICES Type and Applications 89
          8.1.2 General Electric Combustion Turbine Services Sales, Price, Revenue, Gross Margin and Market Share (2013-2017) 90
    8.2 Sulzer Ltd. 91
          8.2.1 COMBUSTION TURBINE SERVICES Type and Applications 94
          8.2.2 Sulzer Ltd. Combustion Turbine Services Sales, Price, Revenue, Gross Margin and Market Share (2013-2017) 95
    8.3 Siemens Ltd. 96
          8.3.1 COMBUSTION TURBINE SERVICES Type and Applications 99
          8.3.2 Siemens Combustion Turbine Services Sales, Price, Revenue, Gross Margin and Market Share (2013-2017) 101
    8.4 Mitsubishi Hitachi Power Systems 102
          8.4.1 COMBUSTION TURBINE SERVICES Type and Applications 104
          8.4.2 Mitsubishi Hitachi Power Systems Combustion Turbine Services Sales, Price, Revenue, Gross Margin and Market Share (2013-2017) 106
    8.5 MAN Diesel & Turbo 107
          8.5.1 COMBUSTION TURBINE SERVICES Type and Applications 110
          8.5.2 MAN Combustion Turbine Services Sales, Price, Revenue, Gross Margin and Market Share (2013-2017) 111
    8.6 Kawasaki 112
          8.6.1 Combustion Turbine Services Type and Applications 115
          8.6.2 Kawasaki Combustion Turbine Services Combustion Turbine Services Sales, Price, Revenue, Gross Margin and Market Share (2013-2017) 117
    8.7 Mechanical Dynamics and Analysis 118
          8.7.1 Combustion Turbine Services Type and Applications 121
    8.8 EthosEnergy 123
          8.8.1 Combustion Turbine Services Type and Applications 125
    8.9 MJM International 127
          8.9.1 Type and Applications 129
          8.9.2 MJB International Combustion Turbine Services Sales, Price, Revenue, Gross Margin and Market Share (2013-2017) 130
    8.10 Ansaldo Energia 131
          8.10.1 Combustion Turbine Services Type and Applications 133
          8.10.2 Ansaldo Energia S.p.A. Combustion Turbine Services Sales, Price, Revenue, Gross Margin and Market Share (2013-2017) 134

Chapter 9 Upstream and Downstream Market Analysis of Combustion Turbine Services 135
          9.1.1 Industry Chain of Combustion Turbine Services 135
          9.1.2 Labor Cost Analysis 136
          USA Labor Cost Analysis 137

Chapter 10 Marketing Status Analysis of Combustion Turbine Services 141
    10.1 Marketing Channel 141
          10.1.1 Direct Marketing 143
          10.1.2 Indirect Marketing 144
    10.2 Market Positioning 146
          10.2.1 Marketing Channel Future Trend 146
          10.2.2 Pricing Strategy 147
          10.2.3 Brand Strategy 150
    10.3 Market Effect Factor 152
          10.3.1 Economic/Political Environmental Change 152
          10.3.2 Global Economy Analysis 153

Chapter 11 Factors Influencing 154
    11.1 Macro-Economic Factors 154

Chapter 12 Research Findings and Conclusion 159


Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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