Product Code: ETC4532845 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India gas turbine services market import shipments demonstrated a steady expansion with a moderate CAGR from 2020 to 2024. However, there was a slight slowdown in growth between 2023 and 2024. Overall, the market maintained positive momentum despite the minor dip in growth rate.
The gas turbine services market in India is evolving in response to the increasing reliance on gas-fired power generation and industrial processes. Gas turbines are integral to various applications, including power generation, aviation, and oil and gas operations. As India continues to invest in power generation and industrialization, the need for efficient operation and maintenance of gas turbines is growing. Gas turbine services encompass maintenance, repair, and upgrades to enhance performance and efficiency. The market is also influenced by environmental regulations and the emphasis on reducing emissions, making gas turbine services a critical aspect of ensuring sustainability in the energy and industrial sectors in India.
The India Gas Turbine Services market is driven by the need to maintain and optimize gas turbine performance. Gas turbines are a primary source of power in various industries, and servicing them is essential for efficiency and reliability. As India industrial and energy sectors expand, the demand for gas turbine services increases.
The gas turbine services market in India encounters various challenges. One significant concern is the aging gas turbine fleet in the country, which requires extensive maintenance and overhaul. The high maintenance and operational costs of gas turbines can be a burden for power generation companies. Additionally, the need for skilled technicians and engineers to provide gas turbine services poses a challenge, as there is a shortage of qualified personnel. Environmental regulations and emissions standards also put pressure on gas turbine operators to invest in cleaner technologies and reduce emissions. The market must address these challenges to support the growth of gas turbine services in India.
The COVID-19 pandemic had a dual impact on the India Gas Turbine Services Market. While some gas turbine maintenance and service activities were delayed due to restrictions and safety concerns, the importance of reliable power generation became evident during the pandemic. As industries seek to enhance the performance and efficiency of their gas turbine systems, the market is expected to rebound and grow post-pandemic.
Gas turbines are widely used in power generation and industrial applications, and companies like GE Power, Siemens Energy, and Mitsubishi Power offer comprehensive services for gas turbine maintenance, repair, and optimization.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Gas Turbine Services Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Gas Turbine Services Market Revenues & Volume, 2021 & 2031F |
3.3 India Gas Turbine Services Market - Industry Life Cycle |
3.4 India Gas Turbine Services Market - Porter's Five Forces |
3.5 India Gas Turbine Services Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Gas Turbine Services Market Revenues & Volume Share, By Service, 2021 & 2031F |
3.7 India Gas Turbine Services Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 India Gas Turbine Services Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electricity generation in India |
4.2.2 Growing focus on renewable energy sources leading to the need for efficient gas turbine services |
4.2.3 Government initiatives to boost manufacturing and industrial sectors in India |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs for gas turbine services |
4.3.2 Technical complexities and skill requirements for operating gas turbines |
4.3.3 Stringent environmental regulations impacting the adoption of gas turbine services |
5 India Gas Turbine Services Market Trends |
6 India Gas Turbine Services Market, By Types |
6.1 India Gas Turbine Services Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Gas Turbine Services Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Gas Turbine Services Market Revenues & Volume, By Heavy Duty, 2021-2031F |
6.1.4 India Gas Turbine Services Market Revenues & Volume, By Aero-Derivative, 2021-2031F |
6.2 India Gas Turbine Services Market, By Service |
6.2.1 Overview and Analysis |
6.2.2 India Gas Turbine Services Market Revenues & Volume, By Maintenance, 2021-2031F |
6.2.3 India Gas Turbine Services Market Revenues & Volume, By Repair, 2021-2031F |
6.2.4 India Gas Turbine Services Market Revenues & Volume, By Overhaul, 2021-2031F |
6.3 India Gas Turbine Services Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 India Gas Turbine Services Market Revenues & Volume, By Power Generation, 2021-2031F |
6.3.3 India Gas Turbine Services Market Revenues & Volume, By Oil & Gas, 2021-2031F |
7 India Gas Turbine Services Market Import-Export Trade Statistics |
7.1 India Gas Turbine Services Market Export to Major Countries |
7.2 India Gas Turbine Services Market Imports from Major Countries |
8 India Gas Turbine Services Market Key Performance Indicators |
8.1 Average downtime of gas turbines |
8.2 Efficiency improvement percentage after service maintenance |
8.3 Number of new contracts secured for gas turbine services |
8.4 Customer satisfaction ratings for gas turbine services |
8.5 Percentage of repeat business from existing clients |
9 India Gas Turbine Services Market - Opportunity Assessment |
9.1 India Gas Turbine Services Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Gas Turbine Services Market Opportunity Assessment, By Service, 2021 & 2031F |
9.3 India Gas Turbine Services Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 India Gas Turbine Services Market - Competitive Landscape |
10.1 India Gas Turbine Services Market Revenue Share, By Companies, 2024 |
10.2 India Gas Turbine Services Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |