North America Gas Turbine MRO Market - Growth trends and forecast (2020 - 2025)

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The North American gas turbine MRO market has been estimated at USD XX billion in 2015 and is expected to reach USD XX billion by 2020, at a CAGR of XX% during the outlook period 2015-2020.

Gas turbines are one of the most widely used power generating technologies. Today, gas turbines find application in power generation, aircraft and marine propulsion systems, oil & gas industry, among others. Gas turbines are a type of internal combustion (IC) engine, in which an air-fuel mixture produces hot gases that spin a turbine to produce power. Gas turbines can utilize a variety of fuels, including natural gas, fuel oils and synthetic fuels. Combustion occurs continuously in gas turbines, as opposed to reciprocating IC engines, where combustion occurs intermittently.

North America is often touted as the world’s leading and largest market space in the gas turbine industry. The nature of the market puts it through various technological changes and these are often accompanied by maintenance and overhaul issues. The region presents a diverse picture with presence of both established and major players like United States and rapidly emerging nations such as Mexico. This dichotomy presents us with an opportunity to observe the impact of larger policy changes and their impact on the gas turbine MRO market.

Factors like aging fleet of gas turbines, stringent government regulations on emission control, reduction of life cycle costs and the need to improve reliability, durability, and profitability along with an increase in operational performance are driving the gas turbine MRO (Maintenance, Repair and Overhaul) market. On the other hand, factors such as lack of retention of skilled labor, the companies preferring an in-house maintenance teams could act as a roadblock for the growth of the market.

The market has been geographically segmented into countries such as United States of America, Mexico, Canada and Others. US is expected to grow at a highest rate closely followed by Canada, Mexico and Others in that order.

The market has also been segmented by the service type viz. Maintenance, Repair and Overhaul and the market size and forecast for each of the service types has been analyzed. The application of the gas turbines in military aircrafts, civil aviation, power generation and mechanical drives has also been discussed. The major players operating in the segment are General Electric, Siemens Ag, Sulzer, Zorya – Mashproekt, Mtu Aero Engines Ag, Man Diesel and Turbo, Solar Turbines, Rolls-Royce Holdings Plc., Pratt & Whitney, Lockheed Martin, Honeywell, Mitsubishi Heavy Industries Ltd, ABB, Emerson. 

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