Opportunities in the gas turbine MRO market in the power industry market have evolved through a number of stages. Lucintel has found the future of this market to be promising; the gas turbine MRO market in the power industry market is expected to reach $17.8 billion by 2025 with a CAGR of 3.4%. In this market, maintenance is the largest segment by type of service, whereas electric power utility is largest by end use industry. Players can benefit from the available opportunities like MRO services required for a large number of existing and aging gas turbines shipped.
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General Electrical, Siemens, Mitsubishi Heavy Industries, Wood Group, and Sulzer are some of the companies profiled in this report.
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About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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