Europe Gas Turbine Services Market Size & Outlook

The gas turbine services market in Europe is expected to reach a projected revenue of US$ 6,575.6 million by 2030. A compound annual growth rate of 4.4% is expected of Europe gas turbine services market from 2024 to 2030.
Revenue, 2023 (US$M)
$4,866.4
Forecast, 2030 (US$M)
$6,575.6
CAGR, 2024 - 2030
4.4%
Report Coverage
Europe

Europe gas turbine services market, 2018-2030 (US$M)

Europe

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Europe gas turbine services market highlights

  • The Europe gas turbine services market generated a revenue of USD 4,866.4 million in 2023.
  • The market is expected to grow at a CAGR of 4.4% 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, Germany is expected to register the highest CAGR from 2024 to 2030.

Europe data book summary

Market revenue in 2023USD 4,866.4 million
Market revenue in 2030USD 6,575.6 million
Growth rate4.4% (CAGR from 2023 to 2030)
Largest segmentHeavy duty
Fastest growing segmentHeavy Duty
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHeavy Duty, Industrial, Aeroderivative
Key market players worldwideGE 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, Europe region accounted for 13.0% 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 segmentation & scope
Heavy Duty
Industrial
Aeroderivative
<100 MW
100 to 200 MW
>200 MW
Maintainance & Repair
Overhaul
Spare Parts Supply
OEM
Non-OEM
Power Generation
Oil & Gas
Other Industrial

Gas Turbine Services Market Companies

Name Profile # Employees HQ Website

Europe 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 48.99% in 2023. Horizon Databook has segmented the Europe gas turbine services market based on heavy duty, industrial, aeroderivative covering the revenue growth of each sub-segment from 2018 to 2030.


  • Europe Gas Turbine Services Turbine Type Outlook (Revenue, USD Million, 2018-2030)
    • Heavy Duty
    • Industrial
    • Aeroderivative
  • Europe Gas Turbine Services Capacity Outlook (Revenue, USD Million, 2018-2030)
    • <100 MW
    • 100 to 200 MW
    • >200 MW
  • Europe Gas Turbine Services Service Outlook (Revenue, USD Million, 2018-2030)
    • Maintainance & Repair
    • Overhaul
    • Spare Parts Supply
  • Europe Gas Turbine Services Spare Parts Suppliers Outlook (Revenue, USD Million, 2018-2030)
    • OEM
    • Non-OEM
  • Europe Gas Turbine Services End-Use Outlook (Revenue, USD Million, 2018-2030)
    • Power Generation
    • Oil & Gas
    • Other Industrial

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Target buyers of Europe gas turbine services market databook

  • Our clientele includes a mix of gas turbine services market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe gas turbine services market , including forecasts for subscribers. This continent databook contains high-level insights into Europe gas turbine services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe gas turbine services market size, by country, 2018-2030 (US$M)

Europe Gas Turbine Services Market Outlook Share, 2023 & 2030 (US$M)

Europe gas turbine services market size, by country, 2018-2030 (US$M)

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