The Gas Turbine MRO Market in the Power Sector is estimated to be valued at US$ 13.07 Bn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
The gas turbine MRO market in the power sector deals with maintenance, repair, and overhaul services for gas turbines used in power generation. Gas turbines are ... Read more

Gas turbines play a crucial role in generating power through the conversion of natural gas and other fuels into mechanical energy and further into electrical energy. Major components of a gas turbine include compressor, combustion chamber, and turbine. Due to their ability to start quickly, shut down rapidly, and modulate power output swiftly, gas turbines are extensively used for meeting peak power demand as well as providing backup power. Moreover, growing focus on reducing carbon ... Read more