Asia-Pacific Gas Turbine MRO Market Size and Share

Asia-Pacific Gas Turbine MRO Market (2025 - 2030)
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Asia-Pacific Gas Turbine MRO Market Analysis by Mordor Intelligence

The Asia-Pacific Gas Turbine MRO Market size is estimated at USD 8.68 billion in 2025, and is expected to reach USD 11.23 billion by 2030, at a CAGR of 5.28% during the forecast period (2025-2030).

Heightened overhaul activity as fleets age, rapid adoption of hydrogen-ready upgrade kits, and large-scale digital twin roll-outs anchor near-term demand. Independent service providers are expanding parts-manufacturer-approval (PMA) portfolios, lowering overhaul costs for operators that face capital constraints. Supply-chain bottlenecks in hot-section castings are prompting utilities to dual-source critical components, spurring regional investments in foundry capacity. Meanwhile, switch-overs from coal to gas in China and India underpin long-term service-agreement (LTSA) signings, locking in multi-year maintenance revenues. Finally, exponential data-center electricity demand pushes aeroderivative shop visits sharply higher, widening the addressable service pool for high-availability, quick-start units.

Key Report Takeaways

  • By capacity, above 120 MW class captured 52.3% of Asia-Pacific gas turbine MRO market size in 2024 and is forecasted to expand at 5.7% CAGR over 2025-2030.
  • By turbine cycle, combined cycle retained 68.9% revenue share in 2024, and is set to grow at a 6.1% CAGR through 2030.
  • By service type, maintenance led with 49% Asia-Pacific gas turbine MRO market share in 2024, while overhaul is projected to advance at a 6.6% CAGR through 2030.
  • By end-user industry, power generation accounted for 62.6% of the market in 2024 and is projected to be the fastest growing, 6.2% CAGR over the forecast period.
  • By geography, China commanded 42% of the Asia-Pacific gas turbine MRO market share in 2024 and is expected to log a 5.5% CAGR through 2030.
  • GE Vernova, Siemens Energy, Mitsubishi Heavy Industries, and EthosEnergy jointly held nearly 58% of regional MRO revenues in 2024.

Segment Analysis

By Capacity: Larger Turbines Tighten Their Grip

Gas turbines rated above 120 MW now account for 52.3 % of Asia-Pacific’s MRO spend and are expanding fastest at 5.7 % a year. Operators value these big machines for their scale economies and high thermal efficiency, which keeps unit-cost electricity low even as fuel prices fluctuate. Thailand’s 5,300 MW complex built around eight M701JAC units illustrates the trend; those machines have already logged 100,000 operating hours while holding efficiency near 64 %. Below-120 MW turbines still matter—especially for cogeneration, distributed generation, and peaking duty in rapidly industrializing ASEAN nations—but their growth pace lags. Overhauls on large units fall every 24,000–30,000 hours and typically cost 19 %–33 % of a new machine, yet operators increasingly offset that expense by ordering hydrogen-ready upgrades that preserve efficiency while cutting emissions.

Asia-Pacific Gas Turbine MRO Market: Market Share by Capacity
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By Turbine Cycle: Combined Cycle Keeps the Lead

Combined-cycle plants generate 68.9 % of regional MRO revenue and should rise 6.1 % annually through 2030. The draw is simple: pairing a gas turbine with a steam bottoming cycle pushes thermal efficiency beyond 64 %, far better than a simple-cycle setup. Recent builds—China’s Guangming project among them—show how these plants can co-fire hydrogen without major design changes, supporting decarbonization plans while preserving grid flexibility. Simple-cycle units still fill niche roles where fast starts and lower capital cost outweigh fuel burn, but they attract less long-term service revenue. Combined-cycle operators lean heavily on six- to twelve-year service agreements that bundle parts, labor, and performance guarantees—arrangements that simplify budgeting and sharpen availability targets.

By Service Type: Routine Upkeep Still Dominates, But Overhauls Are Catching Up

Routine maintenance holds the largest share at 49.0 %, underscoring its importance in keeping an aging fleet reliable. Yet overhauls are growing quickest—6.6 % a year—as thousands of units edge toward the 100,000-hour mark. Life-extension programs that combine detailed inspections with component swaps can add another 50,000–100,000 hours of service life, a compelling alternative to outright replacement. Repair work—think hot-gas-path parts or control-system tweaks—sits between those extremes. Digital twins and predictive analytics are also changing the game; many operators now schedule shop visits based on real-time health data rather than fixed calendars, trimming downtime and cutting surprises.[3]GE Vernova, “Service Type Revenue Split 2024,” ge.com

Asia-Pacific Gas Turbine MRO Market: Market Share by Service Type
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By End-User: Power Generators Remain the Engine of Demand

Utility power producers represent 62.6 % of MRO spending today and are projected to climb 6.2 % annually. Their fleets are large, their operating profiles complex, and their regulators uncompromising, so they lean heavily on comprehensive service deals and technology upgrades such as hydrogen-ready burners. Industrial users—oil and gas, chemicals, and heavy manufacturing—make up the balance. These customers often run turbines for cogeneration or mechanical drive and favor modular service packages that limit downtime. Record-setting plants, like the Joetsu facility in Japan with 63.62 % efficiency, show how power-sector customers push OEMs and service firms toward ever higher performance standards.

Geography Analysis

China controls 42.0 % of regional MRO spend and is still expanding at 5.5 % yearly. More than 240 GE turbines totaling about 50 GW sit inside its borders, and local production of H-class hardware is shortening service turnarounds and lowering costs. Japan and South Korea focus on squeezing extra efficiency from existing fleets, while India’s coal-to-gas switch plus broad industrial growth drive steady service work. ASEAN nations add smaller, flexible units but face skilled-labor shortages that can stretch outage windows. Australia and New Zealand lead hydrogen demonstrations, including the Whyalla project—the world’s first 100 % hydrogen-fired aeroderivative—which is creating an entirely new maintenance playbook for fuel-flexible machines.

Asia-Pacific Gas Turbine MRO Market: Market Share by Geography
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Note: Segment shares of all individual segments available upon report purchase

Competitive Landscape

OEMs GE Vernova, Siemens Energy, and Mitsubishi Heavy Industries commanded 58% of 2024 regional service revenue, sustaining dominance through long-cycle LTSA backlogs and proprietary digital platforms.[4]EthosEnergy, “Independent Service Provider Market Share 2024,” ethosenergy.com Yet independent service providers (ISPs) such as EthosEnergy, Sulzer, and Wood Group Mustang steadily gain share by certifying PMA parts that cut operator costs 40-65% and by offering flexible scope-of-work contracts.

Strategic alliances are key differentiators. IHI and GE Vernova co-develop ammonia-fired turbines, while Mitsubishi Power partners with state utilities for 30 % hydrogen-ready GTCC packages. OEMs also localise high-value repairs: GE’s USD 60 million Singapore H-class center reduces rotor turnaround by two months, undercutting trans-Pacific logistics times.

Supply-chain resilience drives broader cooperation. Operators partly source critical stage-one blades from regional foundries to curb European bottlenecks and hedge currency risk. Simultaneously, digital-twin-enabled remote monitoring shifts some revenue from field services to analytics subscriptions, pushing competitors to bolster software portfolios.

Asia-Pacific Gas Turbine MRO Industry Leaders

  1. GE Vernova (Gas & Aero Alliance)

  2. Mitsubishi Heavy Industries (MHPS)

  3. Siemens Energy

  4. Rolls-Royce

  5. John Wood Group

  6. *Disclaimer: Major Players sorted in no particular order
Asia-Pacific Gas Turbine MRO Market
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Recent Industry Developments

  • April 2025: GE Vernova and Duke Energy agreed to purchase up to 11 US-made gas turbines, backed by GE’s USD 600 million domestic manufacturing expansion.
  • January 2025: GE Vernova validated new Dry Low NOx hydrogen combustion technology for B- and E-class units, meeting sub-25 ppm NOx targets.
  • October 2024: Mitsubishi Power wrapped up its most significant project to date in Thailand, successfully commissioning the eighth and final M701JAC unit. This unit is part of a massive 5,300 MW natural gas-fired combined cycle power plant. The endeavor, a collaboration between Gulf Energy Development and Mitsui, spans two plants situated in the provinces of Chonburi and Rayong.
  • August 2024: Mitsubishi Power is set to deliver a 500 MW gas turbine combined cycle (GTCC) system, featuring both an M701F gas turbine and a steam turbine, for a new power facility in Sarawak, Malaysia. Notably, the gas turbine boasts the capability to co-fire with up to 30% hydrogen. This initiative, spearheaded by PETROS Power Sdn. Bhd. — a subsidiary of Petroleum Sarawak Berhad (PETROS) — is being collaboratively developed with Sinohydro Corporation Limited, which serves as the EPCC contractor.

Table of Contents for Asia-Pacific Gas Turbine MRO Industry Report

1. Introduction

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Aging APAC turbine fleet approaching 100k EOH overhaul threshold
    • 4.2.2 Coal-to-gas shift in China & India drives new LTSA signings
    • 4.2.3 OEM digital twins slash unplanned outages by >15 %
    • 4.2.4 Data-center peaker demand spikes aeroderivative shop visits
    • 4.2.5 Hydrogen-ready upgrade kits trigger mid-life inspections
  • 4.3 Market Restraints
    • 4.3.1 Renewable intermittency curtails baseload run-hours
    • 4.3.2 Global hot-section casting shortage inflates spare-part lead times
    • 4.3.3 Skilled?technician gap widens in ASEAN
    • 4.3.4 PMA parts disrupt OEM warranty economics
  • 4.4 Supply-Chain Analysis
  • 4.5 Technological Outlook
  • 4.6 Regulatory Landscape
  • 4.7 Porter's Five Forces
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Buyers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Intensity of Competitive Rivalry

5. Market Size & Growth Forecasts

  • 5.1 By Capacity
    • 5.1.1 Below 30 MW
    • 5.1.2 31 to 120 MW
    • 5.1.3 Above 120 MW
  • 5.2 By Turbine Cycle
    • 5.2.1 Combined Cycle
    • 5.2.2 Open/Simple Cycle
  • 5.3 By Service Type
    • 5.3.1 Maintenance
    • 5.3.2 Repair
    • 5.3.3 Overhaul
  • 5.4 By End-user Industry
    • 5.4.1 Power Generation
    • 5.4.2 Oil and Gas (Up-/Mid-/Down-stream)
    • 5.4.3 Industrial and Other
  • 5.5 By Geography
    • 5.5.1 China
    • 5.5.2 Japan
    • 5.5.3 India
    • 5.5.4 South Korea
    • 5.5.5 ASEAN Countries
    • 5.5.6 Australia and New Zealand
    • 5.5.7 Rest of Asia-Pacific

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves (M&A, Partnerships, PPAs)
  • 6.3 Market Share Analysis (Market Rank/Share for key companies)
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
    • 6.4.1 General Electric (GE Vernova)
    • 6.4.2 Siemens Energy
    • 6.4.3 Mitsubishi Heavy Industries
    • 6.4.4 Rolls-Royce
    • 6.4.5 MTU Aero Engines
    • 6.4.6 John Wood Group
    • 6.4.7 EthosEnergy
    • 6.4.8 Ansaldo Energia
    • 6.4.9 Sulzer
    • 6.4.10 Doosan Enerbility
    • 6.4.11 Kawasaki Heavy Industries
    • 6.4.12 Harbin Electric
    • 6.4.13 Shanghai Electric
    • 6.4.14 Toshiba Energy Systems
    • 6.4.15 Bharat Heavy Electricals (BHEL)
    • 6.4.16 Power Machines
    • 6.4.17 Fluor
    • 6.4.18 Bechtel
    • 6.4.19 MAN Energy Solutions
    • 6.4.20 Wartsila

7. Market Opportunities & Future Outlook

  • 7.1 White-Space & Unmet-Need Assessment
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Asia-Pacific Gas Turbine MRO Market Report Scope

The scope of the Asia-Pacific gas turbine MRO market in power sector report includes:

By Capacity
Below 30 MW
31 to 120 MW
Above 120 MW
By Turbine Cycle
Combined Cycle
Open/Simple Cycle
By Service Type
Maintenance
Repair
Overhaul
By End-user Industry
Power Generation
Oil and Gas (Up-/Mid-/Down-stream)
Industrial and Other
By Geography
China
Japan
India
South Korea
ASEAN Countries
Australia and New Zealand
Rest of Asia-Pacific
By Capacity Below 30 MW
31 to 120 MW
Above 120 MW
By Turbine Cycle Combined Cycle
Open/Simple Cycle
By Service Type Maintenance
Repair
Overhaul
By End-user Industry Power Generation
Oil and Gas (Up-/Mid-/Down-stream)
Industrial and Other
By Geography China
Japan
India
South Korea
ASEAN Countries
Australia and New Zealand
Rest of Asia-Pacific
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Key Questions Answered in the Report

What is the current size of the Asia-Pacific gas turbine MRO market and how fast is it growing?

The market was valued at USD 8.21 billion in 2024, is expected to reach USD 8.68 billion in 2025, and should climb to USD 11.23 billion by 2030, reflecting a 5.28 % CAGR.

Which country holds the largest share?

China leads with 42 % of regional revenue in 2024 and is expanding at a 5.5 % CAGR, supported by a 50 GW installed fleet and aggressive coal-to-gas programs.

Why are digital twins and hydrogen-ready upgrades important?

Digital twins cut unplanned outages by more than 15 %, while hydrogen-ready kits future-proof turbines as plants prepare for blends up to—and eventually—100 % hydrogen.

Which service type and capacity class are growing fastest?

Overhauls are the quickest-rising service at a 6.6 % CAGR as many units near 100 000 EOH, and turbines above 120 MW grow 5.7 % annually because utilities favor large, efficient machines.

Who are the key competitors?

Major OEMs—GE Vernova, Siemens Energy, Mitsubishi Heavy Industries—dominate, but independents such as EthosEnergy and Wood Group are gaining share through cost-saving PMA parts.

What supply-chain or operational issues should owners watch?

A global shortage of superalloy hot-section castings is lengthening part lead times, while higher renewable penetration is shifting turbines from baseload to flexible cycling, demanding revised maintenance strategies.

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