Gas Turbine Services Market Size, Share, By Services Type (Maintenance & Repair, Inspection & Testing, Overhaul, Upgrades & Modification, Component Refurbishment, and Others), Turbine Type (Aeroderivative, Heavy-duty gas turbine, and Industrial), Turbine Capacity (Less Than 100 MW, 100-200 MW, and Over 200 MW), Provider Type (Original Equipment Manufacturers [OEMs], and Non-Original Equipment Manufacturers [Non-OEMs]), End-User (Oil & Gas Industries, Aerospace, Marine, Power Generation, and Others), and Region - Trends, Analysis, and Forecast till 2035

• The gas turbine services market size is anticipated to develop at a rate of USD 95.7 Billion, by 2035.
• The valuation of the market was accounted for USD 40.6 Billion in 2024.
• The gas turbine services market is expanding at a CAGR 9.0%.

Gas turbine services contains maintenance, repair, and overhaul (MRO) of gas turbines, which ensures the optimal performance, reliability and longevity in power generation, aviation and industrial application. Gas turbine services include, upgrades, maintenance, spare parts, condition monitoring, and others. These services are provided by specialized companies that focus on industrial machinery maintenance and management.

The increasing energy demand for power generation, leads to a higher requirement of gas turbines. Aging turbine infrastructure requires more frequent maintenance, repair, replacement of part, and growing combined heat and power (CHP) system, which uses gas turbines for power generation, heat production, is driving the need for gas turbines, is expected to drive target market growth. 

The adoption of IoT and big data analytics in the gas turbine services, is expected to expansion of gas turbine services market share. The development of advanced materials and coatings, outsourcing to the third-party service providers, and growing focus on sustainability and low-carbon solutions, is projected to growth of gas turbine services market size.

Impact of Generative AI on Gas Turbine Services Market:

AI model can create new models, content, designs, and solutions based on patterns and data, which aim to improve both operations and services. By analyzing operational data, such as temperature, pressure, vibration, and comparing it with machine learning algorithms, then it can predict component failure time and recommend optimal maintenance schedules. AI can assist in designing to create more efficient turbine components, by stimulating and generating new designs based in desired performance parameters.

Key Drivers:

Growing Adoption of Combined Heat and Power (CHP) System in Gas Turbine can Stimulate Market Augmentation

Combined heat and power system enable the higher efficiency as compared to traditional power generation methods. CHP system help to recover waste heat from gas turbines, and other heat-generating process, which maximizes energy output fuel consumption per unit of electricity generated. The growing adoption of CHP system in gas turbine, can give an effective solution for industrial application and energy-intensive sectors, which reduce the reliance on external heating system and optimize their energy consumptions. The advancement in turbine designs, materials, and cooling techniques, allow gas turbines to work with higher efficiency, which combined with the ability of CHP, to improve their operational performance, is anticipated to drive gas turbine services market growth.

• For instance, according to data published by Ipieca Ltd., in November 2022, combined heat and power (CHP) system consumes around 20-40% less fuel for the amount of electricity produced by an open-cycle gas turbine. It achieves effective electrical efficiencies of 50% to 70%, which significantly improve over an average of 33% efficiency of simple-cycle power plants. Reciprocating engine and gas turbine CHP systems combust fuel to generate electricity, and then use a heat recovery unit to capture waste heat from the combustion system’s exhaust stream. Combining heat and power can provide up to 90% of the heat requirements for offshore installations when energy is recovered from the gas turbine exhaust and other hot process streams.

Restraints:

Market Hindered by Operational Complexity and Maintenance Requirements

Gas turbines particularly in large scale application, and complex configuration, such as combined-cycle, CHP system, can be complex during operations. Gas turbine maintenance require highly skilled professional to maintain and services. The need for specialized expertise in turbine technology, with the regular maintenance and parts replacement, requires high operational costs, which limits the target market growth. 

• Counterbalance Statements: Digital technologies, such as predictive maintenance, and AI-driven diagnostics, are increasingly integrated into gas turbines. These technologies allow for real-time monitoring and early detection of issues, which reduces the need for frequent monitoring and expands operational life of turbines. Remote monitoring services enables more efficient and cost-effective maintenance of gas turbine, by reducing labor cost. 

Opportunities & Trends:

Advancement in Material and Coatings will Create Significant Opportunities

The advancement in materials and coatings for gas turbines create significant opportunity in gas turbine services market, by improving the efficiency, reliability and longevity of gas turbines. Manufacturers are highly investing to develop and adopt cutting-edge materials and coatings, to gain competitive edge in gas turbine market. The growing demand for high-performance turbine, results in companies are focusing to offer advanced, high-efficiency turbines. Organizations are offering maintenance, repair, and upgrade services, with advanced coatings and material replacements, is projected to expansion of gas turbine services market share.

• For instance, according to article published by Materials Science, Engineering, this article highlights, advancements in the field of materials have been essential in the development of gas turbine with higher power ratings and efficiency levels.  Advancement in materials led to higher temperature strength, which help to gas turbines operate at high temperatures without loss of structural integrity. The high-performance materials are used in construction of gas turbines, are special steels, titanium alloys, and super alloys, which ensures the high strength, thermal stability, and corrosion resistance play a vital role in protecting the components, especially the turbine blades and other high-temperature components, from thermal damage, ensuring longer service life and improved engine efficiency.

The gas turbine services market is segmented into services type, turbine type, turbine capacity, provider type, end-user, and region.

By Services Type:

Based on services type, the gas turbine services market is divided into maintenance & repair, inspection & testing, overhaul, and upgrades & modification, component refurbishment, and others. Maintenance and repair segment is the most dominating segment in target market, as the gas turbines require regular maintenance to ensure optimal performance. The global energy sector, including power generation plants, industrial facilities, and offshore platforms, are depends on maintenance and repair services, is anticipated to drive segment’s growth in gas turbine services market share.

The overhaul is the second most dominating segment in target market. The gas turbine services market share is driven by, the overhaul services are essential for maintain the long-term performance and efficiency of gas turbines.

By Turbine Type:

On the basis of turbine type, the market is segmented into, aeroderivative, heavy-duty gas turbine, and industrial.  Heavy-duty gas turbines hold the largest gas turbine services market share, as it is most commonly used in large-scale power generation plants, industrial application, and utility plants. These turbines used in combined-cycle power plants, which enhances demand for regular maintenance, repair, and overhauls, is projected to growth segment in of gas turbine services size.

The industrial segment is fastest growing segment in the target market. Industrial gas turbines are widely used in various industries, such as manufacturing, chemical, petrochemical, and food processing, which require regular monitoring, maintenance to optimize both electrical and thermal efficiencies, is augmented to segment’s growth in target market.

By Turbine Capacity:

On the basis of turbine capacity, the market is classified into less than 100 MW, 100-200 MW, over 200 MW. The gas turbine services market is dominated by 100-200 MW segment, due to its usage in turbine capacity for power generation in utility scale power plants. The growing demand for reliable, mid-capacity power generation in industrial application, is expected to segment’s expansion in gas turbine services market.

Over 200 MW segment holds the second dominant gas turbine services market share. This segment is generally used in large scale power generation plants, such as combined-cycle power plants. The rising demand for grid stability and high-efficiency power generation, is projected to growth of segment in target market size.  

By Provider Type:

By provider type, gas turbine services market is divided into, original equipment manufacturers [OEMs], non-original equipment manufacturers [Non-OEMs]. The original equipment manufacturer segment plays dominating role in target market, as it is aimed to design, manufacture, and supply the turbines. OEM provide large scale of maintenance, repair and overhaul services for the turbines, with tailored services, is anticipated to segment’s growth in gas turbine services market share.

The Non-OEM is expected as second dominating segment in gas turbine services market share, due to NON-OEMs provide cost-effectiveness and the flexibility, with lower cost of services, as compared to OEMs. Non-OEMs provide services such as aftermarket parts, refurbishments, upgrades, and non-OEM-specific maintenance, is estimated to segment’s growth in target market size.

By End-User:

Under end-user, the market is categorized into Oil & Gas Industries, Aerospace, and Marine, Power Generation, and others. Power generation segment hold the largest gas turbine services market share, due to gas turbines are widely used for electricity generation in both combined-cycle power plants and simple-cycle power plants, is expected to drive segment’s growth in gas turbine services market share.

The oil and gas industries is projected as highest growing segment in gas turbine services market. The target market share is drive by, oil and gas industry requires gas turbine for emergency power supply, mechanical drives, and reliable energy sources, is expected to drive segment’s growth in target market.  

Regional Insights:

Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Asia Pacific: This region is the dominating region in gas turbine services market as accounted for a revenue share of 37.0%, due to rapid industrialization, and growing demand for energy generation. The increasing adoption of gas turbines for power generation, and growing focus on combined-cycle power plants is expected to expansion of gas turbines market share in this region.

• China Gas Turbine Services Market Insights:

China is the most leading country in Asia Pacific region for gas turbine services market. The rising energy demand, growing focus on urbanization, industrialization, shift towards cleaner energy sources, and large scale of industrial, infrastructural development for gas turbines, is estimated to drive target market growth in this region. 

North America: This is the second dominating region in target market, due to the extensive use of gas turbines in power generation, oil & gas, and other industrial applications. Technological advancement and high number of OEMs, service providers, is contributes to region growth in gas turbine services market size. 

• U.S. Gas Turbine Services Market Insights:

The U.S. dominates in North America region for target market. The growth is driven by several factors, such as large natural gas resources, extensive power generation infrastructure, and increasing demand for clean & efficient power generation.

Europe: This is expected as growing region in target market, due to industrial application of gas turbines, with the combined heat and power system. The growing demand for energy-efficient power generation, and adoption of CHP system in oil & gas industry, is projected to region growth in gas turbines market.

• Germany Gas Turbine Services Market Insights:

Germany has experienced highest growing country in the Europe region, for the gas turbine services market. The target market growth is driven by, increasing investment in renewable energy, growing adoption of gas turbines for power & heat generation, such as chemical, automotive, and petrochemical industries.

Gas Turbine Services Market Report Scope:

Attribute	Details
Market Size 2025	USD 43.6 Billion
Projected Market Size 2035	USD 95.7 Billion
CAGR Growth Rate	9.0% (2025-2035)
Base year for estimation	2024
Forecast period	2025 – 2035
Market representation	Revenue in USD Billion & CAGR from 2025 to 2035
Regional scope	North America - U.S. and Canada Europe – Germany, U.K., France, Russia, Italy, Spain, Netherlands, and Rest of Europe Asia Pacific – China, India, Japan, Australia, Indonesia, Malaysia, South Korea, and Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, and Rest of Latin America Middle East & Africa – GCC, Israel, South Africa, and Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segmentation:

By Services Type:

• Maintenance & Repair
• Inspection & Testing
• Overhaul
• Upgrades & Modification
• Component Refurbishment
• Others

By Turbine Type:

• Aeroderivative
• Heavy-duty Gas Turbine
• Industrial

By Turbine Capacity:

• Less Than 100 MW
• 100-200 MW
• Over 200 MW

By Provider Type:

• Original Equipment Manufacturers [OEMs]
• Non-Original Equipment Manufacturers [Non-OEMs]

By End-User:

• Oil & Gas Industries
• Aerospace
• Marine
• Power Generation
• Others

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

General Electric Company, Siemens Energy, MITSUBISHI HEAVY INDUSTRIES, LTD., and others, are the major key players are operating in gas turbine services market. These key players are utilizing strategies, such as implanting new power plants, focus on improve performance, and efficiency of manufactured gas turbines, aim to provide high quality gas turbine services, is estimated to drive gas turbine services market growth.

Gas Turbine Services Market Companies:

• General Electric Company
• Siemens Energy
• MITSUBISHI HEAVY INDUSTRIES, LTD.
• Kawasaki Heavy Industries, Ltd.
• Baker Hughes Company
• Solar Turbines Incorporated
• Ansaldo Energia
• Bharat Heavy Electricals Limited
• Capstone Green Energy Holdings, Inc.
• Ethos Energy Group Limited
• MAN Energy Solutions
• Destinus Energy
• Power Services Group
• Centrax Gas Turbines

View an Additional List of Companies in the Gas Turbine Services Market

• In February 2025, Mitsubishi Power, secured major gas turbine and services order in Morocco to supply two M701JAC gas turbines and auxiliary equipment for the Al Wahda Open Cycle Gas Turbine Power Plant by The National Office of Electricity and Drinking Water (ONEE). The M701JAC gas turbines, which were capable of co-firing hydrogen with natural gas, with industry-leading reliability and high efficiency rate. ONEE signed agreement with Mitsubishi Power for the provision of repairs, parts and services, was aimed to ensure high availability and sustained reliability of the equipment.
• In January 2025, Doosan Enerbility signed a business agreement with Korea Southern Power to launch the Gas Turbine Export Community Team Korea. This agreement aimed to promote the expansion of the global gas turbine service market, with collaborate on technology development and enter in the U.S. market. The demand for services, including part replacement, is expected to increase in the future, thus Team Korea was focused on the 7F gas turbine in the U.S.
• In November 2024, Thermal Energy Corporation (TECO) announced to add GE LM6000 aeroderivative gas turbine generator to its Central Plant in Houston. The new gas turbine aimed to enhance TECO’s on-site power generation capabilities, in which plant can reliably produce thermal services for its Texas Medical Center (TMC). This project focused to provide services to healthcare institutions and hospitals, by ensured uninterrupted services.
• In August 2024, One Equity Partners (OEP) acquired EthosEnergy, a global independent service provider focusing on rotating equipment for customers in the power generation, energy, industrial and aerospace and defense markets. EthosEnergy aimed to provide aftermarket maintenance, repair, and overhaul (MRO), with outsourced operations, maintenance to industrial gas turbines, with power generation and industrial customers operating for complex gas turbine equipment.
• In June 2024, Gas Turbine services, a part of the Anglo-Danish HKJ Group, announced to move in new premises in Lincoln, U.K. Gas Turbine Services has secured a 13,347 sq. ft. industrial space at Teal Park on Whisby Road. This firm was moved from its current Leafbridge Business Park premises to Teal Park, which aimed for future expansion. 

Analyst View:

The growing need for gas turbines due to the rising energy demand for power generation is expected to propel the expansion of the gas turbine services market. The increasing combined heat and power (CHP) system, which uses gas turbines for power generation and heat production, is driving the need for gas turbines and is anticipated to fuel target market growth. Aging turbine infrastructure need more regular maintenance, repair, and part replacement.

More Related Reports

Cryogenic Gas Market
Fire and Gas Detection System Market
Gas Engine Market
Gas Phase Filtration Market
Wind Turbine Rotor Blades Market

Company Name	Siemens Energy AG
Headquarter	Munich, Germany
CEO	Christian Bruch
Employee Count (2024)	100,000 Employees