Asia Pacific Gas Turbine Services Market Size & Outlook
Asia Pacific gas turbine services market, 2018-2030 (US$M)
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Asia Pacific gas turbine services market highlights
- The Asia Pacific gas turbine services market generated a revenue of USD 13,861.6 million in 2023.
- The market is expected to grow at a CAGR of 12.5% from 2024 to 2030.
- In terms of segment, heavy duty was the largest revenue generating turbine type in 2023.
- Heavy Duty is the most lucrative turbine type segment registering the fastest growth during the forecast period.
- Country-wise, Singapore is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 13,861.6 million |
| Market revenue in 2030 | USD 31,664.6 million |
| Growth rate | 12.5% (CAGR from 2023 to 2030) |
| Largest segment | Heavy duty |
| Fastest growing segment | Heavy Duty |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heavy Duty, Industrial, Aeroderivative |
| Key market players worldwide | GE Aerospace, Siemens AG, Mitsubishi Corp, Kawasaki Heavy Industries Ltd, Caterpillar Inc, Ansaldo Energia, Opera Ltd ADR, ManpowerGroup Inc, Abbott Laboratories |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 37.0% of the global gas turbine services market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 31,664.6 million by 2030.
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Gas Turbine Services Market Scope
Gas Turbine Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific gas turbine services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gas turbine services market will help companies and investors design strategic landscapes.
Heavy duty was the largest segment with a revenue share of 56.48% in 2023. Horizon Databook has segmented the Asia Pacific gas turbine services market based on heavy duty, industrial, aeroderivative covering the revenue growth of each sub-segment from 2018 to 2030.
- Asia Pacific Gas Turbine Services Turbine Type Outlook (Revenue, USD Million, 2018-2030)
- Heavy Duty
- Industrial
- Aeroderivative
- Asia Pacific Gas Turbine Services Capacity Outlook (Revenue, USD Million, 2018-2030)
- <100 MW
- 100 to 200 MW
- >200 MW
- Asia Pacific Gas Turbine Services Service Outlook (Revenue, USD Million, 2018-2030)
- Maintainance & Repair
- Overhaul
- Spare Parts Supply
- Asia Pacific Gas Turbine Services Spare Parts Suppliers Outlook (Revenue, USD Million, 2018-2030)
- OEM
- Non-OEM
- Asia Pacific Gas Turbine Services End-Use Outlook (Revenue, USD Million, 2018-2030)
- Power Generation
- Oil & Gas
- Other Industrial
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Target buyers of Asia Pacific gas turbine services market databook
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Our clientele includes a mix of gas turbine services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific gas turbine services market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific gas turbine services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific gas turbine services market size, by country, 2018-2030 (US$M)
Asia Pacific Gas Turbine Services Market Outlook Share, 2023 & 2030 (US$M)
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