Mexico Gas Turbine Services Market Size & Outlook

The gas turbine services market in Mexico is expected to reach a projected revenue of US$ 2,101.1 million by 2030. A compound annual growth rate of 8.7% is expected of Mexico gas turbine services market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,168.8
Forecast, 2030 (US$M)
$2,101.1
CAGR, 2024 - 2030
8.7%
Report Coverage
Mexico

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

Mexico

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Mexico gas turbine services market highlights

  • The Mexico gas turbine services market generated a revenue of USD 1,168.8 million in 2023 and is expected to reach USD 2,101.1 million by 2030.
  • The Mexico market is expected to grow at a CAGR of 8.7% from 2024 to 2030.
  • In terms of segment, industrial 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.

Gas turbine services market data book summary

Market revenue in 2023USD 1,168.8 million
Market revenue in 2030USD 2,101.1 million
Growth rate8.7% (CAGR from 2023 to 2030)
Largest segmentIndustrial
Fastest growing segmentHeavy Duty
Historical data2018 - 2022
Base year2023
Forecast period2024 - 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, Mexico accounted for 3.1% of the global gas turbine services market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. gas turbine services market is projected to lead the regional market in terms of revenue in 2030.
  • U.S. is the fastest growing regional market in North America and is projected to reach USD 10,377.9 million by 2030.

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Gas Turbine Services Market Companies

Name Profile # Employees HQ Website

Mexico 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.


Industrial was the largest segment with a revenue share of 49.97% in 2023. Horizon Databook has segmented the Mexico gas turbine services market based on heavy duty, industrial, aeroderivative covering the revenue growth of each sub-segment from 2018 to 2030.


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

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Target buyers of Mexico 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 country-level data and insights on the Mexico gas turbine services market , including forecasts for subscribers. This country databook contains high-level insights into Mexico gas turbine services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Mexico gas turbine services market size, by turbine type, 2018-2030 (US$M)

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

Mexico gas turbine services market size, by turbine type, 2018-2030 (US$M)

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