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 turbines are combustion engines that converts natural gas and other liquid fuels to mechanical energy which is used by the generator to produce electrical energy. This electrical energy is then moved to power lines to industries and homes. Gas turbine generally includes maintenance, repair and overhaul for both onshore and offshore locations. These services help in improving power plant capacity. The global gas turbine services market is estimated to expand at 4.50% CAGR during the ... Read more