Saudi Arabia Gas Turbine Services Market Size & Outlook
Saudi Arabia gas turbine services market, 2018-2030 (US$M)
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Saudi Arabia gas turbine services market highlights
- The Saudi Arabia gas turbine services market generated a revenue of USD 1,824.7 million in 2023 and is expected to reach USD 3,478.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 9.7% from 2024 to 2030.
- In terms of segment, industrial was the largest revenue generating turbine type in 2023.
- Aeroderivative 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 2023 | USD 1,824.7 million |
| Market revenue in 2030 | USD 3,478.2 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Industrial |
| Fastest growing segment | Aeroderivative |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 4.9% 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 Middle East & Africa, Saudi Arabia gas turbine services market is projected to lead the regional market in terms of revenue in 2030.
- Egypt is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,573.8 million by 2030.
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Gas Turbine Services Market Scope
Gas Turbine Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 57.05% in 2023. Horizon Databook has segmented the Saudi Arabia gas turbine services market based on heavy duty, industrial, aeroderivative covering the revenue growth of each sub-segment from 2018 to 2030.
- Saudi Arabia Gas Turbine Services Turbine Type Outlook (Revenue, USD Million, 2018-2030)
- Heavy Duty
- Industrial
- Aeroderivative
- Saudi Arabia Gas Turbine Services Capacity Outlook (Revenue, USD Million, 2018-2030)
- <100 MW
- 100 to 200 MW
- >200 MW
- Saudi Arabia Gas Turbine Services Service Outlook (Revenue, USD Million, 2018-2030)
- Maintainance & Repair
- Overhaul
- Spare Parts Supply
- Saudi Arabia Gas Turbine Services Spare Parts Suppliers Outlook (Revenue, USD Million, 2018-2030)
- OEM
- Non-OEM
- Saudi Arabia Gas Turbine Services End-Use Outlook (Revenue, USD Million, 2018-2030)
- Power Generation
- Oil & Gas
- Other Industrial
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Target buyers of Saudi Arabia 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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia gas turbine services market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia gas turbine services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Saudi Arabia gas turbine services market size, by turbine type, 2018-2030 (US$M)
Saudi Arabia Gas Turbine Services Market Outlook Share, 2023 & 2030 (US$M)
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