Chicago, IL -- (SBWIRE) -- 06/15/2017 -- According to the new market research report, "Gas Turbine Services Market, By Service (Maintenance, Repair, Overhaul), Service Provider (OEM Service Provider, Non-OEM Service Provider), Type (Heavy Duty Type, Aeroderivative Type), End-User (Oil & Gas, Power Generation, Others) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022", published by Scalar Market Research, the global Gas Turbine Services Market is expected to witness high growth during the forecast period.

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A Gas Turbine or Combustion Turbine is a type of internal combustion engine with the components like compressor, turbine and combustor. They are designed to convert liquid fuels to electric energy by combustion mechanism. They are primarily used in power generation and oil & gas industry. With increasing demand for energy and ageing existing gas turbines demand for Gas Turbine Services has increased recently. Major players in the market are offering services like repair and maintenance and complete overhaul.

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KEY PREMIUM INDUSTRY INSIGHTS

1.The key reasons driving the growth of the Gas Turbine Services market includes rising demand from the power generation sector, stringent emission norms for gas turbines and rising demand from repair and maintenance work due to existing aging gas turbines.

2. Advancement in technology is one of the key growth opportunity drivers for this market.

3. However, factors like preference for renewable energy & high service cost may hamper the growth of the Gas Turbine Services Market.

KEY MARKET PLAYERS

Key players in the protein expression market include:

1.General Electric
2.Sulzer Ltd.
3.Siemens Ltd.
4.Mitsubishi Hitachi Power Systems, Ltd.
5.MAN Diesel & Turbo
6.Kawasaki Heavy Industries, Ltd.
7.Mechanical Dynamics & Analysis, Ltd.
8.EthosEnergy
9.MJB International Limited LLC
10.Ansaldo Energia s.p.a.

Browse Report: https://www.scalarmarketresearch.com/market-reports/gas-turbine-services-market

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