The global gas turbine services market is estimated to expand at ~4.50% CAGR during the forecast period.
Global gas turbine services market is expected to witness substantial growth during the forecast period owing to growing focus on generating power through cleaner sources and reduce the utilization of coal reserves. Gas turbines are combustion engines that converts natural gas and other liquid fuels to ... Read more
The global gas turbine services market is projected to grow at a high rate during the forecast period, mainly due to the stringent emission norms for gas turbine and shale gas production boom. According to EIA, the accelerating pace of technological advancement in the oil & gas industry would result in growing per well recoveries and increase in the production of shale gas. As per EIA, the share of natural gas would increase from 34% in 2018 to 39% by 2050 due to growth in drilling ... Read more
Gas turbine services include maintenance, repair, overhaul, and supply of spare parts. The gas turbine requires periodic inspection, repair, and replacement of parts to achieve optimum efficiency and reliability. The gas turbine services include a set of activities, which can be applied to very minor work and to a major overhaul. It helps to reduce the outages and maintenance costs while maintaining maximum flexibility and reliability. It is used to ... Read more