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.
Asia-Pacific Gas Turbine MRO Market Trends and Insights
Drivers Impact Analysis
| Driver | ( ~ ) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Aging turbine fleet nearing 100 k EOH threshold | +1.20% | China, Japan, India | Medium term (2-4 years) |
| Coal-to-gas shift accelerates LTSA signings | +0.90% | China & India, spillover ASEAN | Long term (≥ 4 years) |
| OEM digital twins cut unplanned outages by 15% | +0.70% | Developed APAC markets | Short term (≤ 2 years) |
| Data-center peaker demand lifts aeroderivative shop visits | +0.80% | Singapore, Hong Kong, Australia, Japan | Medium term (2-4 years) |
| Hydrogen-ready upgrade kits prompt mid-life inspections | +0.60% | Australia, Japan, South Korea | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Aging APAC turbine fleet approaching 100 k EOH overhaul threshold
Thousands of units installed during the 2000s industrial boom are now hitting the 100,000 EOH mark, a milestone that compels full hot-gas-path refurbishment. Operators in China and India face overhaul bills ranging between 19% and 33% of new-build cost, an outlay many curb by deploying reverse-engineering and remaining-life-extension techniques that postpone capital replacement. Independent service firms specialising in rotor life rebuilds secure new work as asset owners pursue cost-effective alternatives to OEM programs.
Coal-to-gas shift in China & India drives new LTSA signings
Although gas produced just 3% of China’s 2024 power, Beijing inked 27 million t per year LNG contracts to underpin its transition strategy. Generators respond by locking in 6- to 12-year LTSAs that stabilise maintenance cash flows and guarantee availability metrics that grids increasingly demand.[1]Asia Nikkei, “China Signs Record LNG Contracts,” asia.nikkei.com A parallel pattern emerges in India as market liberalisation pushes state-run and private utilities toward bundled service deals featuring performance guarantees.
OEM digital twins slash unplanned outages by >15%
Real-time, physics-based digital replicas let operators detect anomalies early and schedule maintenance precisely, cutting forced-outage hours by more than 15% in initial deployments. The technology supports prognostics-and-health-management routines that extend runtime between shop visits and align overhaul windows with fuel-price cycles, optimising cost and availability.
Data-center peaker demand spikes aeroderivative shop visits
AI-driven data-center clusters require fast-ramping, on-site generation. Orders for aeroderivative packages such as LM2500XPRESS climbed 32% in 2024, with availability ratings of 98.6% and modular swap-out capability driving preference over diesel backup sets. Higher operating hours translate into more frequent hot-section inspections, widening MRO revenue.
Restraints Impact Analysis
| Restraint | ( ~ ) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Renewable intermittency curtails baseload run-hours | −0.8% | Australia, Japan | Medium term (2-4 years) |
| Global hot-section casting shortage inflates lead times | −0.5% | Region-wide | Short term (≤ 2 years) |
| Skilled-technician gap widens in ASEAN | −0.4% | Indonesia, Thailand, Vietnam | Long term (≥ 4 years) |
| PMA parts disrupt OEM warranty economics | −0.3% | Cost-sensitive APAC markets | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Renewable intermittency curtails baseload run-hours
As solar and wind capacity climbs, combined-cycle gas turbines increasingly swing from baseload to cycling duty. Frequent start-stops elevate thermal stresses, amplifying component fatigue and reshaping spares demand profiles toward more combustor and seal replacements relative to long-life rotors.[2]GE Power, “Flexible Operation of CCGT under Renewables,” ge.com
Global hot-section casting shortage inflates spare-part lead times
Superalloy blade supply is concentrated in a handful of European and US foundries, where capacity shortfalls delayed 2024 OEM deliveries by almost 10%. Asian utilities hedge by pre-buying critical stage-one blades and qualifying local foundries for non-critical vanes, a trend that shifts part of the value chain into the region.
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.
Note: Segment shares of all individual segments available upon report purchase
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
Note: Segment shares of all individual segments available upon report purchase
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.
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
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GE Vernova (Gas & Aero Alliance)
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Mitsubishi Heavy Industries (MHPS)
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Siemens Energy
-
Rolls-Royce
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John Wood Group
- *Disclaimer: Major Players sorted in no particular order
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.
Asia-Pacific Gas Turbine MRO Market Report Scope
The scope of the Asia-Pacific gas turbine MRO market in power sector report includes:
| Below 30 MW |
| 31 to 120 MW |
| Above 120 MW |
| Combined Cycle |
| Open/Simple Cycle |
| Maintenance |
| Repair |
| Overhaul |
| Power Generation |
| Oil and Gas (Up-/Mid-/Down-stream) |
| Industrial and Other |
| 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 |
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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