Gas Turbine Services Market Size

Market Size in USD Bn

CAGR8.9%

Study Period	2025-2032
Base Year of Estimation	2024
CAGR	8.9%
Market Concentration	Medium
Major Players	General Electric, Siemens AG, Mitsubishi Power, Rolls-Royce, Ansaldo Energia and Among Others

*Disclaimer: Major players are listed in no particular order.

*Source: Coherent Market Insights

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Gas Turbine Services Market Analysis

The gas turbine services market is estimated to be valued at USD 44.57 Bn in 2025 and is expected to reach USD 80.95 Bn by 2032, growing at a compound annual growth rate (CAGR) of 8.9% from 2025 to 2032. The gas turbine services market is witnessing a shift towards long term service agreements as operators look to ensure availability and performance of aging gas turbine fleets.