Gas Turbine Service Market Report
RA03836
Gas Turbine Service Market, by Type (Heavy Duty, Industrial, Aeroderivative), End User (Power Generation, Oil & Gas, Other Industrial), Turbine Capacity (<100 MW, 100 to 200 MW, >200 MW), Service Provider (OEM, Non-OEM), Service Type (Maintenance & Repair, Overhaul, Spare parts supply): Global Opportunity Analysis and Industry Forecast, 2020-2027
Gas Turbine Services Overview
A gas turbine is a combustion engine at the heart of a power plant that can convert natural gas or other liquid fuels to mechanical energy Gas turbines are used in various industries, such as power generation, oil & gas, and aerospace. Gas turbine services perform tasks like regular inspections and maintenance to ensure the gas turbine operates efficiently and reliably. This involves checking and replacing components, lubrication, cleaning, and testing various systems. Gas turbine service providers are responsible for diagnosing and resolving any operational issues or malfunctions. They use specialized tools and techniques to identify problems, conduct root cause analysis, and implement appropriate solutions.
Global Gas Turbine Services Market Analysis
The global gas turbine services market size was $18.24 billion in 2022 and is predicted to grow with a CAGR of 3.93%, by generating a revenue of $26.35 billion by 2032.
COVID-19 Impact on Global Gas Turbine Services Market
Various industries, such as power generation, oil & gas, and aviation, experienced a decline in demand and disruptions in operations due to lockdowns and travel restrictions. This led to reduced utilization of gas turbines and a decrease in the need for related services. Many planned maintenance activities and projects were postponed or canceled during the pandemic. Companies focused on essential operations and conserving cash, leading to a reduction in spending on gas turbine services. The pandemic disrupted global supply chains, causing delays in the delivery of spare parts and components required for gas turbine maintenance and repairs. This further impacted the ability to perform services in a timely manner.
On the contrary, as economies recovered and industrial activities came back to normal, the demand for gas turbine services rebounded. The resumption of postponed maintenance activities and projects are contributed to the recovery of gas turbine related services. Post-pandemic, there was increased emphasis on optimizing the efficiency and reliability of gas turbines. Companies invested in service contracts and performance-enhancing services to ensure the optimal operation of their gas turbines. The pandemic accelerated the adoption of digital solutions and remote monitoring capabilities. Gas turbine service providers are increasingly offering remote monitoring and diagnostics, enabling proactive maintenance and reducing the need for on-site visits.
Growing Demand for Asset Management to Drive the Market Growth
Energy companies and industrial facilities are increasingly looking to optimize the performance and efficiency of their gas turbines. Gas turbine services providers offer solutions and expertise to enhance turbine performance, reduce fuel consumption, and maximize energy output, resulting in cost savings and improved operational efficiency. Advances in gas turbine technology, such as improved efficiency, increased power output, and advanced control systems, drive the demand for services that can support and optimize these advanced turbines. Gas turbine service providers offer expertise in handling and maintaining the latest turbine models, ensuring their optimal performance. Asset management has become a key priority for energy companies and industrial facilities. Gas turbine services encompass asset management solutions, including condition monitoring, predictive maintenance, and lifecycle management. These services help companies optimize the lifespan and performance of their gas turbines, reducing downtime and enhancing overall asset value.
Limited Skilled Workforce and Budget Concerns to Restrain Market Growth
Economic downturns such as recession and financial crises can negatively impact the gas turbine services market. During these periods, businesses reduce their capital spending, delay projects, and cut back on maintenance and services, affecting the demand for gas turbine services. Changes in energy prices, particularly in the oil & gas sector, can impact the gas turbine services market. The gas turbine services market requires a highly skilled workforce with specialized knowledge and expertise. However, there can be a shortage of skilled labor and engineers, which can impact the availability and quality of services provided. Gas turbines have a long operational life, ranging from twenty to forty years. This can limit the demand for gas turbine services as companies may prioritize capital expenditures for new installations rather than investing in maintenance and services for existing turbines.
Advancements in Digitalization to Drive Excellent Opportunities
The integration of digital innovations, such as advanced analytics, artificial intelligence, and the Internet of Things (IoT), is changing the gas turbine services industry. Service providers can utilize these technologies to offer remote monitoring, predictive maintenance, and performance optimization solutions. Service providers can use these technologies to offer remote monitoring, predictive maintenance, and performance optimization solutions. Digitalization opens up opportunities for proactive and data-driven services, leading to improved operational efficiency and reduced downtime. Many gas turbines worldwide are reaching the end of their operational lifespan or nearing major overhauls. This presents an opportunity for gas turbine service providers to offer maintenance, repair, and overhaul services to extend the life and improve the efficiency of these aging turbines. Environmental regulations and emission standards continue to become more stringent globally. Gas turbine service providers can assist companies in meeting these compliance requirements by providing emissions monitoring, control system upgrades, and efficiency optimization services.
Global Gas Turbine Services Market Share, by Turbine Type, 2022
The heavy duty sub-segment accounted for the highest share in 2022. Heavy-duty turbines are generally utilized in large-scale power generation applications, such as utility power plants and industrial facilities. These turbines have higher power output capacities than other turbine categories, making them suitable for meeting the increasing demand for electricity in developing economies. Heavy-duty turbines are designed for continuous operation in demanding environmental conditions. They can withstand high temperatures, pressures, and mechanical stresses. Heavy-duty turbines are known for their high thermal efficiency, which translates into cost-effective power generation. Improving the productivity of heavy-duty turbines can lead to significant operational cost savings.
Global Gas Turbine Services Market Share, by Turbine Capacity, 2022
The <200 MW sub-segment accounted for the highest share in 2022. Large-scale power generation projects, including utility-scale power plants, require turbines with high capacities to meet the growing electricity demand. The increasing need for reliable and efficient power generation solutions drives the demand for gas turbines with capacity exceeding 200 MW. Large turbines generate more electricity per unit of fuel consumed, resulting in higher proficiency and lower operating costs. As energy markets seek more cost-effective solutions, gas turbines with capacities over 200 MW become attractive alternatives. Turbines with capacities exceeding 200 MW contribute to grid stability by giving a significant amount of control over the grid. These turbines offer reliable and steady electricity generation, which is essential for maintaining a stable and resilient electrical grid.
Global Gas Turbine Services Market Share, by Service Type, 2022
The spare parts supply sub-segment accounted for the highest share in 2022. Gas turbines require regular maintenance, repair, and replacement of components to ensure ideal performance and reliability. Whereas other services, such as inspections, troubleshooting, and performance improvements, are essential, they frequently depend on the accessibility of spare parts. Therefore, the demand for spare parts is inherently linked to the ongoing maintenance and repair needs of gas turbines. Gas turbines have a long operational lifespan, typically spanning several decades. As gas turbines age, the need for spare parts increases due to the natural wear and tear of components. The dominance of spare part supply reflects the ongoing requirement to replace worn-out or damaged parts, ensuring the continued operation of aging gas turbines. Each gas turbine model and configuration may have unique parts specifications and compatibility requirements. The dominance of spare part supply arises from the need to provide customized components that are compatible with the specific gas turbine installations, ensuring proper fit, function, and performance.
Global Gas Turbine Services Market Share, by Service Provider, 2022
The OEM (Original Equipment Manufacturer) sub-segment accounted for the highest share in 2022. OEM service providers possess in-depth technical knowledge and expertise about the gas turbines they manufacture. They have access to detailed product specifications, engineering designs, and proprietary information. This familiarity with the equipment allows them to provide specialized services, diagnostics, and solutions tailored specifically to their own turbine models. OEM service providers have direct access to original parts and components specifically designed for gas turbines. They have established supply chains and partnerships with manufacturers to ensure the availability of genuine, high-quality parts. These service providers offer warranty coverage and support for their gas turbine equipment. This includes warranty repairs, replacement of faulty parts, and technical assistance during the warranty period. The warranty coverage gives customers confidence in the reliability of their equipment and the services provided by the OEM. Original equipment manufacturer service providers foster long-term relationships with customers throughout the lifecycle of their gas turbine equipment.
Global Gas Turbine Services Market Share, by End Use, 2022
The power generation sub-segment accounted for the highest share in 2022. The demand for electricity continues to rise globally, driven by population growth, urbanization, and industrial development. Gas turbines are widely used for power generation due to their high efficiency, quick-start capabilities, and flexibility in providing baseload, peaking, and backup power. Natural gas is gaining prominence as a preferred fuel for power generation due to its lower carbon emissions compared to coal & oil. Gas turbines are well-suited for natural gas combustion providing efficient and environmentally friendly power generation. Gas turbines are known for their high reliability and availability. Gas turbines are used as backup power sources to ensure electric supply during emergencies. Gas turbine power plants can be designed for larger power generation systems, providing reliable backup power to critical facilities like hospitals, data centers, and industrial plants.
Global Gas Turbine Services Market Share, by Region, 2022
The Asia-Pacific gas turbine services market generated the highest revenue in 2022. Asia-Pacific has experienced increase in demand for electricity and generation owing to rapid economic growth and industrialization. Gas turbines are widely used in power generation, oil & gas, manufacturing, and petrochemicals industries, which increase the demand for gas turbine services. The region is actively introducing sustainable energy sources to reduce greenhouse gas emissions and environmental problems. Gas turbines with combined cycle technology, has relatively lower emissions compared to other power generation technologies. As the region adopts cleaner energy sources, the demand for gas turbine services for emissions control, efficiency optimization, and integration with renewable energy sources increases.
Competitive Scenario in the Global Gas Turbine Services Market
Investment and agreement are common strategies followed by major market players. Some of the leading global gas turbine services market players are General Electric, Mitsubishi Power, Ltd., Siemens Energy, Solar Turbines Inc., Kawasaki Heavy Industries, Ltd., Bharat Heavy Electricals Ltd., Ansaldo Energia, Centrax Gas Turbines, OPRA Turbines, and Man Energy Solutions.
| Aspect | Particulars |
| Historical Market Estimations | 2021 |
| Base Year for Market Estimation | 2022 |
| Forecast Timeline for Market Projection | 2023-2032 |
| Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
| Segmentation by Turbine Type |
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| Segmentation by Turbine Capacity |
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| Segmentation by Service Type |
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| Segmentation by Service Provider |
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| Segmentation by End Use |
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| Key Companies Profiled |
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Q1. What is the size of the gas turbine services market?
A. The size of the gas turbine services market was over $18.24 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 3.93% from 2023 to 2032.
Q2. Which are the major companies in the gas turbine services market?
A. General Electric, and Mitsubishi Power, Ltd. are some of the key players in the global gas turbine services market.
Q3. Which region, among others, possesses greater investment opportunities in the future?
A. Asia-Pacific possesses great investment opportunities for investors in the future.
Q4. What are the strategies opted by the leading players in this market?
A. Maintenance contracts & service agreements and customer relationship management are the key strategies opted by the operating companies in this market.
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1. RESEARCH METHODOLOGY
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.5. Market size estimation
1.5.1. Top-down approach
1.5.2. Bottom-up approach
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2. REPORT SCOPE
2.1. Market definition
2.2. Key objectives of the study
2.3. Report overview
2.4. Market segmentation
2.5. Overview of the impact of COVID-19 on Global Gas Turbine Service Market
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3. EXECUTIVE SUMMARY
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4. MARKET OVERVIEW
4.1. Introduction
4.2. Growth impact forces
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Market value chain analysis
4.3.1. List of raw material suppliers
4.3.2. List of manufacturers
4.3.3. List of distributors
4.4. Innovation & sustainability matrices
4.4.1. Technology matrix
4.4.2. Regulatory matrix
4.5. Porter’s five forces analysis
4.5.1. Bargaining power of suppliers
4.5.2. Bargaining power of consumers
4.5.3. Threat of substitutes
4.5.4. Threat of new entrants
4.5.5. Competitive rivalry intensity
4.6. PESTLE analysis
4.6.1. Political
4.6.2. Economical
4.6.3. Social
4.6.4. Technological
4.6.5. Environmental
4.7. Impact of COVID-19 on Gas Turbine Service Market
4.7.1. Pre-covid market scenario
4.7.2. Post-covid market scenario
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5. Gas Turbine Service Market, By Element
5.1. Overview
5.2 Heavy Duty
5.2.1 Definition, key trends, growth factors, and opportunities
5.2.2 Market size analysis, by region, 2020-2027
5.2.3 Market share analysis, by country, 2020-2027
5.3 Industrial
5.3.1 Definition, key trends, growth factors, and opportunities
5.3.2 Market size analysis, by region, 2020-2027
5.3.3 Market share analysis, by country, 2020-2027
5.4 Aeroderivative
5.4.1 Definition, key trends, growth factors, and opportunities
5.4.2 Market size analysis, by region, 2020-2027
5.4.3 Market share analysis, by country, 2020-2027
5.5 Research Dive Exclusive Insights
5.5.1 Market attractiveness
5.5.2 Competition heatmap
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6. Gas Turbine Service Market, By Facility
6.1. Overview
6.2 Power Generation
6.2.1 Definition, key trends, growth factors, and opportunities
6.2.2 Market size analysis, by region, 2020-2027
6.2.3 Market share analysis, by country, 2020-2027
6.3 Oil & Gas
6.3.1 Definition, key trends, growth factors, and opportunities
6.3.2 Market size analysis, by region, 2020-2027
6.3.3 Market share analysis, by country, 2020-2027
6.4 Other Industrial
6.4.1 Definition, key trends, growth factors, and opportunities
6.4.2 Market size analysis, by region, 2020-2027
6.4.3 Market share analysis, by country, 2020-2027
6.5 Research Dive Exclusive Insights
6.5.1 Market attractiveness
6.5.2 Competition heatmap
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7. Gas Turbine Service Market, By • Location
7.1. Overview
7.2 <100 MW
7.2.1 Definition, key trends, growth factors, and opportunities
7.2.2 Market size analysis, by region, 2020-2027
7.2.3 Market share analysis, by country, 2020-2027
7.3 100 to 200 MW
7.3.1 Definition, key trends, growth factors, and opportunities
7.3.2 Market size analysis, by region, 2020-2027
7.3.3 Market share analysis, by country, 2020-2027
7.4 >200 MW
7.4.1 Definition, key trends, growth factors, and opportunities
7.4.2 Market size analysis, by region, 2020-2027
7.4.3 Market share analysis, by country, 2020-2027
7.5 Research Dive Exclusive Insights
7.5.1 Market attractiveness
7.5.2 Competition heatmap
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8. Gas Turbine Service Market, BY WATER DEPTH
8.1. Overview
8.2 OEM
8.2.1 Definition, key trends, growth factors, and opportunities
8.2.2 Market size analysis, by region, 2020-2027
8.2.3 Market share analysis, by country, 2020-2027
8.3 Non-OEM
8.3.1 Definition, key trends, growth factors, and opportunities
8.3.2 Market size analysis, by region, 2020-2027
8.3.3 Market share analysis, by country, 2020-2027
8.4 Research Dive Exclusive Insights
8.4.1 Market attractiveness
8.4.2 Competition heatmap
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9. Gas Turbine Service Market, By Design
9.1. Overview
9.2 Maintenance & Repair
9.2.1 Definition, key trends, growth factors, and opportunities
9.2.2 Market size analysis, by region, 2020-2027
9.2.3 Market share analysis, by country, 2020-2027
9.3 Overhaul
9.3.1 Definition, key trends, growth factors, and opportunities
9.3.2 Market size analysis, by region, 2020-2027
9.3.3 Market share analysis, by country, 2020-2027
9.4 Spare parts supply
9.4.1 Definition, key trends, growth factors, and opportunities
9.4.2 Market size analysis, by region, 2020-2027
9.4.3 Market share analysis, by country, 2020-2027
9.5 Research Dive Exclusive Insights
9.5.1 Market attractiveness
9.5.2 Competition heatmap
10. Gas Turbine Service Market, By Region
10.1 North America
10.1.1 U.S
10.1.1.1 Market size analysis, By Element, 2020-2027
10.1.1.2 Market size analysis, By Facility, 2020-2027
10.1.1.3 Market size analysis, By • Location, 2020-2027
10.1.1.4 Market size analysis, BY WATER DEPTH, 2020-2027
10.1.1.5 Market size analysis, By Design, 2020-2027
10.1.2 Canada
10.1.2.1 Market size analysis, By Element, 2020-2027
10.1.2.2 Market size analysis, By Facility, 2020-2027
10.1.2.3 Market size analysis, By • Location, 2020-2027
10.1.2.4 Market size analysis, BY WATER DEPTH, 2020-2027
10.1.2.5 Market size analysis, By Design, 2020-2027
10.1.3 Mexico
10.1.3.1 Market size analysis, By Element, 2020-2027
10.1.3.2 Market size analysis, By Facility, 2020-2027
10.1.3.3 Market size analysis, By • Location, 2020-2027
10.1.3.4 Market size analysis, BY WATER DEPTH, 2020-2027
10.1.3.5 Market size analysis, By Design, 2020-2027
10.1.4 Research Dive Exclusive Insights
10.1.4.1 Market attractiveness
10.1.4.2 Competition heatmap
10.2 Europe
10.2.1 Germany
10.2.1.1 Market size analysis, By Element, 2020-2027
10.2.1.2 Market size analysis, By Facility, 2020-2027
10.2.1.3 Market size analysis, By • Location, 2020-2027
10.2.1.4 Market size analysis, BY WATER DEPTH, 2020-2027
10.2.1.5 Market size analysis, By Design, 2020-2027
10.2.2 UK
10.2.2.1 Market size analysis, By Element, 2020-2027
10.2.2.2 Market size analysis, By Facility, 2020-2027
10.2.2.3 Market size analysis, By • Location, 2020-2027
10.2.2.4 Market size analysis, BY WATER DEPTH, 2020-2027
10.2.2.5 Market size analysis, By Design, 2020-2027
10.2.3 France
10.2.3.1 Market size analysis, By Element, 2020-2027
10.2.3.2 Market size analysis, By Facility, 2020-2027
10.2.3.3 Market size analysis, By • Location, 2020-2027
10.2.3.4 Market size analysis, BY WATER DEPTH, 2020-2027
10.2.3.5 Market size analysis, By Design, 2020-2027
10.2.4 Spain
10.2.4.1 Market size analysis, By Element, 2020-2027
10.2.4.2 Market size analysis, By Facility, 2020-2027
10.2.4.3 Market size analysis, By • Location, 2020-2027
10.2.4.4 Market size analysis, BY WATER DEPTH, 2020-2027
10.2.4.5 Market size analysis, By Design, 2020-2027
10.2.5 Italy
10.2.5.1 Market size analysis, By Element, 2020-2027
10.2.5.2 Market size analysis, By Facility, 2020-2027
10.2.5.3 Market size analysis, By • Location, 2020-2027
10.2.5.4 Market size analysis, BY WATER DEPTH, 2020-2027
10.2.5.5 Market size analysis, By Design, 2020-2027
10.2.6 Rest of Europe
10.2.6.1 Market size analysis, By Element, 2020-2027
10.2.6.2 Market size analysis, By Facility, 2020-2027
10.2.6.3 Market size analysis, By • Location, 2020-2027
10.2.6.4 Market size analysis, BY WATER DEPTH, 2020-2027
10.2.6.5 Market size analysis, By Design, 2020-2027
10.2.7 Research Dive Exclusive Insights
10.2.7.1 Market attractiveness
10.2.7.2 Competition heatmap
10.3 Asia-Pacific
10.3.1 China
10.3.1.1 Market size analysis, By Element, 2020-2027
10.3.1.2 Market size analysis, By Facility, 2020-2027
10.3.1.3 Market size analysis, By • Location, 2020-2027
10.3.1.4 Market size analysis, BY WATER DEPTH, 2020-2027
10.3.1.5 Market size analysis, By Design, 2020-2027
10.3.2 Japan
10.3.2.1 Market size analysis, By Element, 2020-2027
10.3.2.2 Market size analysis, By Facility, 2020-2027
10.3.2.3 Market size analysis, By • Location, 2020-2027
10.3.2.4 Market size analysis, BY WATER DEPTH, 2020-2027
10.3.2.5 Market size analysis, By Design, 2020-2027
10.3.3 India
10.3.3.1 Market size analysis, By Element, 2020-2027
10.3.3.2 Market size analysis, By Facility, 2020-2027
10.3.3.3 Market size analysis, By • Location, 2020-2027
10.3.3.4 Market size analysis, BY WATER DEPTH, 2020-2027
10.3.3.5 Market size analysis, By Design, 2020-2027
10.3.4 Australia
10.3.4.1 Market size analysis, By Element, 2020-2027
10.3.4.2 Market size analysis, By Facility, 2020-2027
10.3.4.3 Market size analysis, By • Location, 2020-2027
10.3.4.4 Market size analysis, BY WATER DEPTH, 2020-2027
10.3.4.5 Market size analysis, By Design, 2020-2027
10.3.5 South Korea
10.3.5.1 Market size analysis, By Element, 2020-2027
10.3.5.2 Market size analysis, By Facility, 2020-2027
10.3.5.3 Market size analysis, By • Location, 2020-2027
10.3.5.4 Market size analysis, BY WATER DEPTH, 2020-2027
10.3.5.5 Market size analysis, By Design, 2020-2027
10.3.6 Rest of Asia-Pacific
10.3.6.1 Market size analysis, By Element, 2020-2027
10.3.6.2 Market size analysis, By Facility, 2020-2027
10.3.6.3 Market size analysis, By • Location, 2020-2027
10.3.6.4 Market size analysis, BY WATER DEPTH, 2020-2027
10.3.6.5 Market size analysis, By Design, 2020-2027
10.3.7 Research Dive Exclusive Insights
10.3.7.1 Market attractiveness
10.3.7.2 Competition heatmap
10.4 LAMEA
10.4.1 Brazil
10.4.1.1 Market size analysis, By Element, 2020-2027
10.4.1.2 Market size analysis, By Facility, 2020-2027
10.4.1.3 Market size analysis, By • Location, 2020-2027
10.4.1.4 Market size analysis, BY WATER DEPTH, 2020-2027
10.4.1.5 Market size analysis, By Design, 2020-2027
10.4.2 Saudi Arabia
10.4.2.1 Market size analysis, By Element, 2020-2027
10.4.2.2 Market size analysis, By Facility, 2020-2027
10.4.2.3 Market size analysis, By • Location, 2020-2027
10.4.2.4 Market size analysis, BY WATER DEPTH, 2020-2027
10.4.2.5 Market size analysis, By Design, 2020-2027
10.4.3 UAE
10.4.3.1 Market size analysis, By Element, 2020-2027
10.4.3.2 Market size analysis, By Facility, 2020-2027
10.4.3.3 Market size analysis, By • Location, 2020-2027
10.4.3.4 Market size analysis, BY WATER DEPTH, 2020-2027
10.4.3.5 Market size analysis, By Design, 2020-2027
10.4.4 South Africa
10.4.4.1 Market size analysis, By Element, 2020-2027
10.4.4.2 Market size analysis, By Facility, 2020-2027
10.4.4.3 Market size analysis, By • Location, 2020-2027
10.4.4.4 Market size analysis, BY WATER DEPTH, 2020-2027
10.4.4.5 Market size analysis, By Design, 2020-2027
10.4.5 Rest of LAMEA
10.4.5.1 Market size analysis, By Element, 2020-2027
10.4.5.2 Market size analysis, By Facility, 2020-2027
10.4.5.3 Market size analysis, By • Location, 2020-2027
10.4.5.4 Market size analysis, BY WATER DEPTH, 2020-2027
10.4.5.5 Market size analysis, By Design, 2020-2027
10.4.6 Research Dive Exclusive Insights
10.4.6.1 Market attractiveness
10.4.6.2 Competition heatmap
11. Competitive Landscape
11.1 Top winning strategies, 2020-2027
11.1.1 By strategy
11.1.2 By year
11.2 Strategic overview
11.3 Market share analysis, 2020-2027
12. Company Profiles
12.1 General Electric (GE)
12.1.1 Overview
12.1.2 Business segments
12.1.3 Product portfolio
12.1.4 Financial performance
12.1.5 Recent developments
12.1.6 SWOT analysis
12.2 Siemens AG
12.2.1 Overview
12.2.2 Business segments
12.2.3 Product portfolio
12.2.4 Financial performance
12.2.5 Recent developments
12.2.6 SWOT analysis
12.3 Mitsubishi Hitachi Power Systems, Ltd.
12.3.1 Overview
12.3.2 Business segments
12.3.3 Product portfolio
12.3.4 Financial performance
12.3.5 Recent developments
12.3.6 SWOT analysis
12.4 Kawasaki Heavy Industries, Ltd.
12.4.1 Overview
12.4.2 Business segments
12.4.3 Product portfolio
12.4.4 Financial performance
12.4.5 Recent developments
12.4.6 SWOT analysis
12.5 Bharat Heavy Electricals Limited (BHEL)
12.5.1 Overview
12.5.2 Business segments
12.5.3 Product portfolio
12.5.4 Financial performance
12.5.5 Recent developments
12.5.6 SWOT analysis
12.6 Ansaldo Energia S.p.A.
12.6.1 Overview
12.6.2 Business segments
12.6.3 Product portfolio
12.6.4 Financial performance
12.6.5 Recent developments
12.6.6 SWOT analysis
12.7 Solar Turbines Incorporated
12.7.1 Overview
12.7.2 Business segments
12.7.3 Product portfolio
12.7.4 Financial performance
12.7.5 Recent developments
12.7.6 SWOT analysis
12.8 MAN Energy Solutions
12.8.1 Overview
12.8.2 Business segments
12.8.3 Product portfolio
12.8.4 Financial performance
12.8.5 Recent developments
12.8.6 SWOT analysis
12.9 Rolls-Royce plc
12.9.1 Overview
12.9.2 Business segments
12.9.3 Product portfolio
12.9.4 Financial performance
12.9.5 Recent developments
12.9.6 SWOT analysis
12.10 Centrax Gas Turbines
12.10.1 Overview
12.10.2 Business segments
12.10.3 Product portfolio
12.10.4 Financial performance
12.10.5 Recent developments
12.10.6 SWOT analysis
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