DUBLIN, March 2, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/8svmxl/growth) has announced the addition of the "Growth Opportunities in the Global Gas Turbine MRO Market in the Power Industry 2016-2021: Trends, Forecast and Opportunity Analysis 2016" report to their offering.
According to a new market report, the future of the gas turbine maintenance, repair and overhaul market (MRO) market looks good with opportunities in the maintenance segment. The global gas turbine MRO market in the power industry is forecast to grow at a CAGR of 3.9% from 2016 to 2021. The major drivers of growth for this market are the aging fleet of gas turbines and stringent government regulations on emission control.
North America is expected to remain the largest market due to requirement of MRO services for a large number of existing and aging gas turbines shipped to this region in the preceding years. North America and Rest of the World are expected to show above-average growth during the forecast period due to an increasing number of aging fleet of gas turbines, and subsequently increasing service agreements.
The study includes a forecast of the global gas turbine MRO market in the power industry through 2021, segmented by type of service, by type of service provider, and region as follows:
By type of service [Value ($ Billion) for 2010 - 2021]: - Maintenance - Repair - Overhaul
By type of service provider [Value ($ Billion) for 2010 - 2021]:
- Original Equipment Manufacturers
- Independent Service Providers
By region [Value ($ Billion) for 2010 - 2021]: - North America - Europe - Asia Pacific - Rest of the World
This report answers following 11 key questions:
Q.1. How big the opportunities for the global gas turbine MRO market in the power industry by type of service, service provider, and region?
Q.2. Which product / segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5. What are the business risks and threats of this market?
Q.6. What are the emerging trends in this market and reasons behind them?
Q.7. What are some changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are taken by key players for business growth?
Q.10. How is the competitive rivalry and threat of substitution in this market?
Q.11. What M & A activities have transpired in the last 5 years in this market and describe their impact on the industry?
For more information visit
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets