Gas Turbine MRO Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 18.04 Billion
CAGR (2026-2031)	5.06%
Fastest Growing Segment	Aero-Derivative
Largest Market	North America
Market Size (2031)	USD 24.26 Billion

Market Overview

The Global Gas Turbine MRO Market will grow from USD 18.04 Billion in 2025 to USD 24.26 Billion by 2031 at a 5.06% CAGR. The Global Gas Turbine MRO Market encompasses a comprehensive range of services dedicated to ensuring the reliability, efficiency, and safety of gas turbines used in power generation and aviation, including routine inspections, component repairs, and full system overhauls. The market is primarily bolstered by the aging infrastructure of global turbine fleets necessitating life-extension services, alongside the persistent rise in energy consumption and air travel demand. Furthermore, stringent environmental mandates are compelling operators to invest in efficiency modifications to minimize carbon footprints, acting as a structural driver distinct from temporary industry trends.

However, a significant challenge impeding market expansion is the volatility of the global supply chain, which has precipitated material shortages and escalated operational costs. This financial pressure restricts the capacity for discretionary maintenance and upgrades, forcing operators to prioritize essential repairs. Highlighting the scale of these cost pressures in a key end-use sector, According to the International Air Transport Association, in 2025, the global airline industry was projected to achieve a net profit of just $39.5 billion, a margin significantly constrained by rising non-fuel expenses, including substantial maintenance and labor burdens.

Key Market Drivers

Rising global electricity demand and industrialization in emerging markets act as primary catalysts for the Gas Turbine MRO sector, as increased consumption forces existing fleets to operate at higher capacity factors. This intensified utilization accelerates the thermal and mechanical degradation of critical hot-section components, thereby compressing maintenance intervals and necessitating more frequent overhauls to prevent unplanned outages. Consequently, utilities are prioritizing life-extension services to maintain grid stability amidst surging load requirements. Highlighting the scale of this consumption pressure, according to the International Energy Agency, July 2024, in the 'Electricity Mid-Year Update', global electricity demand was forecast to grow by around 4% in 2024, representing the highest annual growth rate since 2007 excluding post-crisis rebounds.

The growth in long-term service agreements (LTSAs) for operational reliability, coupled with the expansion of high-efficiency combined cycle gas turbine capacity, further solidifies market revenue streams. Operators are increasingly tying new equipment purchases to multi-year maintenance contracts to mitigate technical risks and ensure access to proprietary OEM technologies required for advanced class turbines. This trend is evident in major industry order intakes, where service backlogs are expanding significantly to support new installations. For instance, according to GE Vernova, October 2024, in the 'Third Quarter 2024 Financial Results', orders in the Power segment increased 34% organically to $5.2 billion, driven largely by demand for Gas Power services. Reinforcing this sector-wide stability, according to Siemens Energy, November 2024, in the 'Earnings Release Q4 FY 2024', the company's total order backlog reached a record €123 billion, reflecting sustained customer commitment to long-term operational support.

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Key Market Challenges

The volatility of the global supply chain represents a formidable barrier hindering the expansion of the Global Gas Turbine MRO Market. This instability creates unpredictable delays in the procurement of high-performance alloys and proprietary components, which are critical for turbine repair and overhaul. When MRO providers cannot secure these essential materials on time, shop turnaround times extend significantly, causing severe bottlenecks that limit the volume of engines a facility can service annually. Consequently, the market suffers from reduced throughput and efficiency, while operators are forced to keep assets offline for longer periods, disrupting their revenue streams.

These delays inevitably transfer massive financial pressure onto the end-users, compelling them to divert capital toward covering inefficiency costs rather than investing in proactive maintenance contracts or system upgrades. According to the International Air Transport Association, in 2024, industry analysis projected that persistent supply chain constraints would impose more than $11 billion in additional costs on airlines in 2025, including $3.1 billion specifically incurred due to increased maintenance burdens for aging fleets. This capital drain directly shrinks the addressable market for discretionary MRO services, as operators are forced to prioritize basic functionality over performance enhancements.

Key Market Trends

The decarbonization of the energy sector is fundamentally reshaping the gas turbine MRO market, driving a surge in hydrogen-ready upgrades as operators retrofit existing assets to burn low-carbon fuel blends. This trend transcends routine repair, focusing instead on installing advanced combustion systems capable of handling the higher flame speeds and thermal intensities of hydrogen without compromising performance. Validating this technological progression, according to Mitsubishi Power, June 2025, in the 'Pioneering Hydrogen Integration' press release, the company successfully executed a 50% hydrogen fuel blend validation on an advanced-class M501GAC gas turbine, demonstrating a 22% reduction in carbon emissions. Such milestones accelerate the demand for specialized modification services, ensuring that mature turbine fleets remain commercially viable and compliant within an increasingly stringent net-zero regulatory environment.

Simultaneously, the market is undergoing a critical shift toward predictive maintenance strategies, where artificial intelligence and IoT sensors replace traditional fixed-interval schedules to optimize asset reliability. By leveraging real-time data analytics, MRO providers can now detect component degradation early, allowing utilities to intervene precisely before costly unplanned outages occur. This transition to data-rich service models is generating substantial financial momentum for major providers; according to Siemens Energy, May 2025, in the 'Earnings Release Q2 FY 2025', revenue in the Gas Services segment rose by 18.7% to €3.16 billion, a surge explicitly attributed to the expanding volume of its service business and upgrades. As operators prioritize grid stability, these advanced diagnostic services are rapidly becoming the standard for effective fleet management.

Segmental Insights

The Aero-Derivative segment is emerging as the fastest-growing category within the Global Gas Turbine MRO Market due to the increasing requirement for flexible power generation. Utility operators utilize these turbines for grid stabilization and peak load management to support renewable energy integration. Furthermore, stringent emission standards maintained by authorities such as the U.S. Environmental Protection Agency encourage the adoption of these lower-emission units. The resulting high-cycle operations necessitate frequent inspections and component replacements, thereby driving a significant expansion in maintenance and repair activities for this segment.

Regional Insights

North America dominates the Global Gas Turbine MRO Market, anchored by a vast, maturing fleet of power generation assets. The United States Energy Information Administration (EIA) indicates that a significant segment of the natural gas-fired capacity is aging, creating a critical need for life-extension services to ensure grid reliability. This demand is intensified by the regional strategic transition from coal to natural gas for electricity generation. Furthermore, strict mandates enforced by the United States Environmental Protection Agency (EPA) compel operators to execute regular overhauls and upgrades to meet rigorous emission standards, effectively sustaining the region's market leadership.

Recent Developments

In August 2024, Mitsubishi Power secured a Long-Term Service Agreement (LTSA) with PETROS to ensure the stable performance of a new gas turbine combined cycle power plant in Sarawak, Malaysia. This development in the global gas turbine MRO market involves providing comprehensive maintenance and technical support for an M701F gas turbine. The agreement allows the plant operator to accurately forecast maintenance costs and access the manufacturer's digital solutions for predictive diagnostics. By prioritizing the reliability and efficiency of the gas turbine fleet, the contract supports the region's sustainable energy goals and demonstrates the vital role of specialized MRO services.
In July 2024, Baker Hughes entered into a new 10-year services frame agreement with Woodside Energy to support liquefied natural gas operations in Australia. This contract is a key event in the gas turbine MRO market, securing the provision of spare parts, field service resources, and refurbishment for onsite turbomachinery, including gas turbines. The agreement aims to enhance asset performance through comprehensive maintenance and upgrades, ensuring the stability of critical energy infrastructure. This collaboration highlights the increasing value placed on long-term service partnerships that integrate technical expertise with advanced digital asset management to drive operational efficiency.
In June 2024, GE Vernova announced the signing of a 21-year service agreement with a subsidiary of ACWA Power to support the Taiba 1 and Qassim 1 power plants in Saudi Arabia. This comprehensive contract within the global gas turbine MRO market encompasses maintenance, repairs, and the supply of parts for the facility's advanced gas turbines. The agreement is designed to ensure long-term operational reliability and efficiency, assisting the operator in meeting regional energy demands. By securing this major service commitment, the company reinforces its leadership in the market for sustaining high-performance power generation assets through dedicated lifecycle support.
In June 2024, Siemens Energy confirmed a significant order that included a 25-year maintenance contract for the Taiba 2 and Qassim 2 power plants in Saudi Arabia. As a notable development in the global gas turbine MRO market, this agreement covers the long-term servicing of HL-class gas turbines to ensure optimal availability and performance. The contract underscores the critical importance of OEM-led maintenance, repair, and overhaul activities in maximizing the lifespan and efficiency of large-scale combined cycle power plants. This commitment supports the region's energy infrastructure by maintaining high standards of reliability and reducing operational risks over several decades.

Key Market Players

General Electric
Siemens AG
Mitsubishi Power
Rolls-Royce
Pratt & Whitney
Honeywell
Safran
MTU Aero Engines
Kawasaki Heavy Industries
Ansaldo Energia

By Technology	By End-user	By Region
Heavy Duty Light Industrial Aero-derivative	Power Utilities Oil & Gas Manufacturing Aviation Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Gas Turbine MRO Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Gas Turbine MRO Market, By Technology:

Heavy Duty
Light Industrial
Aero-derivative

Gas Turbine MRO Market, By End-user:

Power Utilities
Oil & Gas
Manufacturing
Aviation
Others

Gas Turbine MRO Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Gas Turbine MRO Market.

Available Customizations:

Global Gas Turbine MRO Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Gas Turbine MRO Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Gas Turbine MRO Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Technology (Heavy Duty, Light Industrial, Aero-derivative)

5.2.2. By End-user (Power Utilities, Oil & Gas, Manufacturing, Aviation, Others)

5.2.3. By Region

5.2.4. By Company (2025)

5.3. Market Map

6. North America Gas Turbine MRO Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Technology

6.2.2. By End-user

6.2.3. By Country

6.3. North America: Country Analysis

6.3.1. United States Gas Turbine MRO Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Technology

6.3.1.2.2. By End-user

6.3.2. Canada Gas Turbine MRO Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Technology

6.3.2.2.2. By End-user

6.3.3. Mexico Gas Turbine MRO Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Technology

6.3.3.2.2. By End-user

7. Europe Gas Turbine MRO Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Technology

7.2.2. By End-user

7.2.3. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Gas Turbine MRO Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Technology

7.3.1.2.2. By End-user

7.3.2. France Gas Turbine MRO Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Technology

7.3.2.2.2. By End-user

7.3.3. United Kingdom Gas Turbine MRO Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Technology

7.3.3.2.2. By End-user

7.3.4. Italy Gas Turbine MRO Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Technology

7.3.4.2.2. By End-user

7.3.5. Spain Gas Turbine MRO Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Technology

7.3.5.2.2. By End-user

8. Asia Pacific Gas Turbine MRO Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Technology

8.2.2. By End-user

8.2.3. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Gas Turbine MRO Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Technology

8.3.1.2.2. By End-user

8.3.2. India Gas Turbine MRO Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Technology

8.3.2.2.2. By End-user

8.3.3. Japan Gas Turbine MRO Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Technology

8.3.3.2.2. By End-user

8.3.4. South Korea Gas Turbine MRO Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Technology

8.3.4.2.2. By End-user

8.3.5. Australia Gas Turbine MRO Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Technology

8.3.5.2.2. By End-user

9. Middle East & Africa Gas Turbine MRO Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Technology

9.2.2. By End-user

9.2.3. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Gas Turbine MRO Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Technology

9.3.1.2.2. By End-user

9.3.2. UAE Gas Turbine MRO Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Technology

9.3.2.2.2. By End-user

9.3.3. South Africa Gas Turbine MRO Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Technology

9.3.3.2.2. By End-user

10. South America Gas Turbine MRO Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Technology

10.2.2. By End-user

10.2.3. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Gas Turbine MRO Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Technology

10.3.1.2.2. By End-user

10.3.2. Colombia Gas Turbine MRO Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Technology

10.3.2.2.2. By End-user

10.3.3. Argentina Gas Turbine MRO Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Technology

10.3.3.2.2. By End-user

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Gas Turbine MRO Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. General Electric

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Siemens AG

15.3. Mitsubishi Power

15.4. Rolls-Royce

15.5. Pratt & Whitney

15.6. Honeywell

15.7. Safran

15.8. MTU Aero Engines

15.9. Kawasaki Heavy Industries

15.10. Ansaldo Energia

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

What was the market size of the Global Gas Turbine MRO Market in 2025?

Which is the dominating region in the Global Gas Turbine MRO Market?

Which is the fastest growing segment in the Global Gas Turbine MRO Market?

What is the expected growth rate of the Global Gas Turbine MRO Market?

Gas Turbine MRO Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Technology (Heavy Duty, Light Industrial, Aero-derivative), By End-user (Power Utilities, Oil & Gas, Manufacturing, Aviation, Others), By Region, By Competition 2021-2031F

Report Description

Table of content

Figures and Tables

Frequently asked questions

What was the market size of the Global Gas Turbine MRO Market in 2025?

Which is the dominating region in the Global Gas Turbine MRO Market?

Which is the fastest growing segment in the Global Gas Turbine MRO Market?

What is the expected growth rate of the Global Gas Turbine MRO Market?