Gas Turbine MRO Market Report 2025 (Global Edition)

Global Gas Turbine MRO Market Report 2025 Market Size Split by Technology (Heavy Duty, Light Industrial, Aero-derivative), by Type (Maintenance, Repair, Overhaul), by Provider type (OEM, Independent S...

Gas Turbine MRO Market Report Description

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Gas Turbine MRO Market Insights Video

Competitive Landscape of the Gas Turbine MRO Market

The Gas Turbine MRO Market is highly dynamic, with competition driven by technological advancements, strategic partnerships, and the ongoing need to meet the evolving demands of the energy sector. As the market continues to grow, companies that can offer innovative, cost-effective, and sustainable solutions are likely to gain a competitive edge.

Recent Developments

In February 2022: Energy technology firm Siemens AG entered a joint venture initiative with metrology device manufacturer ZEISS to launch a one-stop-shop on-demand 3D printing fulfillment platform called MakerVerse. This is expected to be used by the company in the maintenance, repair, and operations (MRO) development of its gas turbines. (Source: https://www.siemens-energy.com/global/en/home/press-releases/siemens-energy-invests-new-digital-platform-demand-additive-manufacturing-services.html)

In February 2022: Optomec announced the receipt of a USD 1.25 Million order for a production Metal Additive Manufacturing machine to maintain industrial gas turbine components. Optomec's Metal Additive repair solutions are currently used in high volume production in approximately 100 MRO installations for power generation applications (Source: https://optomec.com/optomec-receives-1-25-million-order-for-energy-oems-5th-production-metal-additive-repair-system/)

Top Companies Market Share in Gas Turbine MRO Industry: (In no particular order of Rank)

• General Electric Company
• Siemens Energy AG
• Mitsubishi Heavy Industries Ltd.
• Sulzer Ltd
• Solar Turbines Incorporated
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Regional Analysis of the Gas Turbine MRO Market

Which Region Dominates the Gas Turbine MRO Market in 2024?

According to Cognitive Market Research, North America dominates the Gas Turbine Maintenance, Repair, and Overhaul (MRO) Market due to its extensive industrial base, which relies heavily on gas turbines for power generation and other applications. The region's robust energy infrastructure, including a significant number of aging gas turbines, necessitates regular MRO services.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Gas Turbine MRO Market due to rapid industrialization and urbanization across countries like China and India. The region's increasing energy demand, driven by economic growth and industrial expansion, boosts the need for reliable power generation, including gas turbines. Significant investments in infrastructure development and modernization of aging power plants further fuel the market.

The current report Scope analyzes Gas Turbine MRO Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Gas Turbine MRO Market Analysis

According to Cognitive Market Research, the global Gas Turbine MRO market size was estimated at USD 14845.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 5938.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Gas Turbine MRO market with a market size of USD 4685.27 million in 2024 and is projected to grow at a CAGR of 2.0% during the forecast period. The nation's extensive industrial base and aging turbine infrastructure.
• The Canada Gas Turbine MRO market had a market share of USD 712.59 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. Canada's extensive industrial base and aging turbine infrastructure.
• The Mexico Gas Turbine MRO market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 540.38 million in 2024.

Europe Gas Turbine MRO Market Analysis

According to Cognitive Market Research, the global Gas Turbine MRO market size was estimated at USD 14845.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 4453.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

• The United Kingdom Gas Turbine MRO market had a market share of USD 748.22 million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. In the UK, Gas Turbine MRO sales witness an upswing due to the nation's modernizing energy infrastructure and advancing green technologies.
• The France Gas Turbine MRO market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 409.74 million in 2024.
• According to Cognitive Market Research, the German Gas Turbine MRO market size was valued at USD 881.83 million in 2024 and is projected to grow at a CAGR of 2.7% during the forecast period. In Germany, Gas Turbine MRO surged due to the modernizing energy infrastructure and advancing green technologies.
• The Italy Gas Turbine MRO market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 383.02 million in 2024.
• The Russia Gas Turbine MRO market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD 690.32 million in 2024.
• The Spain Gas Turbine MRO market is projected to witness growth at a CAGR of 1.6% during the forecast period with a market size of USD 365.20 million in 2024
• The Luxembourg Gas Turbine MRO market is projected to witness growth at a CAGR of 2.6% during the forecast period, with a market size of USD 138.06 million in 2024.
• The Portugal Gas Turbine MRO market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 93.53 million in 2024.
• The Greece Gas Turbine MRO market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 53.44 million in 2024.
• Rest of Europe's Gas Turbine MRO market is projected to witness growth at a CAGR of 1.2% during the forecast period, with a market size of USD 690.32 million in 2024.

Asia Pacific Gas Turbine MRO Market Analysis

According to Cognitive Market Research, the global Gas Turbine MRO market size was estimated at USD 14845.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 3414.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Gas Turbine MRO market size was valued at USD 1536.52 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Gas Turbine MRO surged in China due to the robust industrialization, increasing energy demands.
• The Japan Gas Turbine MRO market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 471.20 million in 2024.
• The India Gas Turbine MRO market had a market share of USD 409.74 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. India's robust industrialization, increasing energy demands.
• The South Korean Gas Turbine MRO market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 341.45 million in 2024.
• The Australian Gas Turbine MRO market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 177.55 million in 2024.
• The South East Asia Gas Turbine MRO market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 235.60 million in 2024.
• The Rest of Asia Pacific Gas Turbine MRO market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 242.43 million in 2024.

South America Gas Turbine MRO Market Analysis

According to Cognitive Market Research, the global Gas Turbine MRO market size was estimated at USD 14845.6 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 742.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Gas Turbine MRO market size was valued at USD 317.70 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Gas Turbine MROs flourished in Brazil due to the expanding energy sector and increasing investments in infrastructure development.
• Argentina's Gas Turbine MRO market had a market share of USD 124.70 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. Argentina's expanding energy sector and increasing investments in infrastructure development.
• Colombia Gas Turbine MRO market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 66.06 million in 2024.
• Peru Gas Turbine MRO market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 60.87 million in 2024.
• Chile Gas Turbine MRO market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 53.44 million in 2024.
• The Rest of Latin America's Gas Turbine MRO market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 119.51 million in 2024.

Middle East Gas Turbine MRO Market Analysis

According to Cognitive Market Research, the global Gas Turbine MRO market size was estimated at USD 14845.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 296.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031..

• The GCC Countries Gas Turbine MRO market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 127.08 million in 2024. Gas Turbine MRO sales flourish due to the increasing investments in energy infrastructure.
• The Egypt Gas Turbine MRO market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 31.18 million in 2024.
• The South Africa Gas Turbine MRO market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 46.91 million in 2024. Gas Turbine MRO sales flourish in South Africa due to increasing investments in energy infrastructure.
• The Turkey Gas Turbine MRO market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 25.53 million in 2024.
• The Nigeria Gas Turbine MRO market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 31.18 million in 2024.
• The Rest of MEA Gas Turbine MRO market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 35.04 million in 2024.

Gas Turbine MRO Market Analysis

How are Segments Performing in the Global Gas Turbine MRO Market?

Gas Turbine MRO Market Technology Segment Analysis

According to Cognitive Market Research, the heavy-duty category stands out as the dominant segment. Heavy-duty gas turbines are widely utilized in power generation and large-scale industrial applications due to their robust performance and high efficiency. These turbines, which are crucial for base-load power plants and large industrial facilities, require extensive maintenance to ensure their reliability and longevity.

The light industrial gas turbine segment is currently the fastest-growing category in the Gas Turbine MRO market. This growth is largely attributed to the increasing adoption of light industrial turbines in a range of applications, including small-scale power generation and distributed energy systems. Their compact size, lower operational costs, and flexibility make them an attractive option for various industries seeking to enhance energy efficiency and reduce environmental impact.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Gas Turbine MRO Industry. Request a Free Sample PDF!

Gas Turbine MRO Market Type Segment Analysis

According to Cognitive Market Research, the maintenance segment emerges as the dominant category. Maintenance services, which include routine inspections, preventive maintenance, and minor repairs, are essential for ensuring the continuous and efficient operation of gas turbines. These services are critical to prevent unexpected failures and extend the lifespan of turbines, making them indispensable for operators across various sectors.

The repair segment is currently the fastest-growing category in the Gas Turbine MRO market. This rapid growth is fueled by the increasing complexity of gas turbines and the need for timely interventions to address unexpected breakdowns or performance issues. As gas turbines age and experience wear and tear, the demand for specialized repair services—ranging from component fixes to addressing system malfunctions—surges.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Gas Turbine MRO Provider type Segment Analysis

Gas Turbine MRO Market Provider type Segment Analysis

According to Cognitive Market Research, OEMs represent the dominant category. OEMs are preferred for their specialized expertise and access to the latest technological advancements and original parts. Their deep understanding of the specific requirements and design intricacies of their turbines ensures high-quality service and reliability. The dominance of OEMs is also driven by their ability to offer comprehensive service packages that include maintenance, repair, and overhaul using manufacturer-approved methods and components, ensuring optimal performance and longevity of gas turbines.

Independent Service Providers are the fastest-growing category in the Gas Turbine MRO market. This growth is primarily due to the increasing flexibility and cost-effectiveness that ISPs offer compared to OEMs. ISPs often provide competitive pricing and customized solutions, making them an attractive option for operators seeking to manage their maintenance budgets more effectively.

• OEM
• Independent Service Provider
• In-house

Gas Turbine MRO End-use Segment Analysis

Gas Turbine MRO Market End-use Segment Analysis

According to Cognitive Market Research, power generation sector stands out as the dominant end-use category. Gas turbines are critical for generating electricity in both base-load and peak-load power plants due to their efficiency and reliability. The power generation industry relies heavily on gas turbines for continuous operation, necessitating regular maintenance and timely repairs to ensure optimal performance and prevent downtime. This dependency drives the dominant position of the power generation sector in the MRO market, as operators prioritize maintaining their turbines to meet energy demands and regulatory standards.

The oil and gas sector is the fastest-growing end-use category in the Gas Turbine MRO market. This growth is fueled by the increasing use of gas turbines in various applications, including offshore platforms and oil refineries, where they provide power for critical operations. As the industry invests in new projects and upgrades existing infrastructure, the demand for specialized MRO services for turbines used in harsh and challenging environments is surging.

• Power Generation
• Oil and Gas
• Others

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

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