Singapore Gas Turbine Services Market Size & Outlook
Singapore gas turbine services market, 2018-2030 (US$M)
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Singapore gas turbine services market highlights
- The Singapore gas turbine services market generated a revenue of USD 612.4 million in 2023 and is expected to reach USD 1,610.6 million by 2030.
- The Singapore market is expected to grow at a CAGR of 14.8% from 2024 to 2030.
- In terms of segment, heavy duty was the largest revenue generating turbine type in 2023.
- Industrial 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 612.4 million |
| Market revenue in 2030 | USD 1,610.6 million |
| Growth rate | 14.8% (CAGR from 2023 to 2030) |
| Largest segment | Heavy duty |
| Fastest growing segment | Industrial |
| 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, Singapore accounted for 1.6% 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 Asia Pacific, China gas turbine services market is projected to lead the regional market in terms of revenue in 2030.
- Singapore is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,610.6 million by 2030.
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Gas Turbine Services Market Scope
Gas Turbine Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Singapore 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 56.94% in 2023. Horizon Databook has segmented the Singapore gas turbine services market based on heavy duty, industrial, aeroderivative covering the revenue growth of each sub-segment from 2018 to 2030.
- Singapore Gas Turbine Services Turbine Type Outlook (Revenue, USD Million, 2018-2030)
- Heavy Duty
- Industrial
- Aeroderivative
- Singapore Gas Turbine Services Capacity Outlook (Revenue, USD Million, 2018-2030)
- <100 MW
- 100 to 200 MW
- >200 MW
- Singapore Gas Turbine Services Service Outlook (Revenue, USD Million, 2018-2030)
- Maintainance & Repair
- Overhaul
- Spare Parts Supply
- Singapore Gas Turbine Services Spare Parts Suppliers Outlook (Revenue, USD Million, 2018-2030)
- OEM
- Non-OEM
- Singapore Gas Turbine Services End-Use Outlook (Revenue, USD Million, 2018-2030)
- Power Generation
- Oil & Gas
- Other Industrial
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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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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 Singapore gas turbine services market , including forecasts for subscribers. This country databook contains high-level insights into Singapore gas turbine services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore gas turbine services market size, by turbine type, 2018-2030 (US$M)
Singapore Gas Turbine Services Market Outlook Share, 2023 & 2030 (US$M)
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