Aeroderivative Gas Turbine Service Market Size - By Service, By Service Provider, By Application, Growth Forecast, 2025 - 2034

Aeroderivative Gas Turbine Service Market Size

The global aeroderivative gas turbine service market was estimated at USD 4.8 billion in 2024 and is expected to reach USD 8.4 billion by 2034, growing at a CAGR of 5.8% from 2025 to 2034. Increasing demand to enhance turbines’ performance with low or zero carbon emissions fuels including ammonia and biogas will positively sway the industry outlook. Long term service agreements and aero turbines leasing programs are key prime factors strengthening operators to guarantee fixed service pricing, availability, response times, and reducing uncertainty.

Aeroderivative gas turbine service involves the maintenance, repair, and overhaul of lightweight, high-efficiency turbines derived from aviation jet engines and adapted for industrial and power generation applications. These services are crucial for ensuring optimal performance, fuel efficiency, and prolonged operational life of turbines.
 

OEMs along with service providers across the industry are continuously retrofitting aeroderivative turbines to handle blended fuel or 100% hydrogen will create favorable business scenario. Rising adoption of IoT, digital twins, data analytics, allows real-time turbine health assessment, which in turn will fuel the business perspective.
 

• The aeroderivative gas turbine service market was valued at USD 3.4 billion in 2019 and grew at a CAGR of approximately 7% through 2024. Aging turbine fleet and lifecycle extensions coupled with integration of hydrogen & alternative fuel in these systems will drive industry expansion.
   
• Asia Pacific region leads the market supported by the heavy investment by grid operators in serviceable peaking assets to ensure reliability during demand surges or renewable dips. These turbines are ideal for stabilizing grids that are increasingly reliant on intermittent renewables including solar and wind.
   
• For instance, in January 2025, GE Vernova announced plans to invest over USD 160 million at its Greenville facility. This expansion will enhance company’s ability to support U.S. energy affordability, security, and resilience, while also reinforcing the American manufacturing capability.
   
• The Middle East & Africa region is the fastest growing region owing to surging demand for these systems across off-grid facilities and microgrids favored by their fast start-up, compact footprint, and high efficiency. OEMs are incorporating machine learning to improve detection of combustion faults, emission peaks, and vibration anomalies, which in turn will bolster industry dynamics.
   

Aeroderivative Gas Turbine Service Market Trends

• Ongoing upgradation of existing turbine units which are most cost-effective solutions as compared to procure new units. The strict environmental regulations to reduce CO2, NOx, and other emissions are forcing operators to retrofit traditional turbines with advanced systems including low-NOx burners and fuel-flexible combustors will boost industry growth.
   
• The upgradation of existing fleets of gas turbines started in 2015, where they have crossed the 20 years of operational mark. Expected to peak between 2026-2030, as a large portion of global fleet reaches mid-or end-of-life cycles.
   
• For illustration, in April 2025, Azad Engineering marked a major milestone with the inauguration of its first dedicated lean manufacturing facility for Mitsubishi Heavy Industries in Hydrabad. This facility is integrated with Azad’s Center for excellence and innovation along with advanced technology & high-precision component manufacturing.
   
• Improving the performance of power plants with effective measures have gained momentum post 2018, with utilities and industrial users under pressure to optimize operational efficiency and emission performance. It is anticipated that the peak time will be 2027-2029, as digital retrofits and performance optimization become started in service contract.
   
• The power plant operators are heavily investing in comprehensive service packages for their turbines including system diagnostics, wear-part replacement, and rotor life extensions to prolong turbine life while enhancing overall plant availability and output. Additionally, power plant operators are modernizing their existing turbine systems with advanced combustor design and cooling systems will drive gas turbine service market.
   
• The key operators in the industry are moving from scheduled to condition-based maintenance by using machine learning algorithms, IoT sensors, and edge computing and digital twins. In addition, the service schedules are now being optimized based on real-time wear patterns, which minimize downtime and improve asset utilization.
   
• For illustration, in April 2025, GE Vernova announced the introduction of AGP XPAND, the newest evolution of its established Advanced Gas Path technology. It is designed to enhance gas turbine output and efficiency and represents a significant step forward in performance optimization.
   
• The demand for clean power generation accelerated post 2020, in line with global net-zero commitments and renewable integration. This trend is anticipated to gain momentum between 2028-2032, when hydrogen blending, carbon reduction mandates, and ESG-linked asset performance become industry norms.
   
• Surging adoption of hydrogen and hydrogen-natural gas blends is pushing operators to retrofit turbines units. In addition, remote oil & gas fields, military bases, and mining operations are relying on these turbines owing to their portability and fast start-up, which in turn will amplify business growth.
   
• For instance, in April 2025, EnBW officially commissioned Germany’s first hydrogen-ready gas turbine power plants at its Stuttgart-Munster site, making a significant milestone in the country’s energy transition.
   

Aeroderivative Gas Turbine Service Market Analysis

• Based on application, the industry is segmented into power plants, oil & gas, process plants, aviation, marine, and others. The power plants segment accounting for over 36.8% revenue share in 2024 and is expected to grow at a CAGR of over 6% through 2034.
   

• The ongoing need for frequent cycling-related maintenance, particularly in fuel control systems and rotor balancing coupled with the growing expansion of utilities in key geographies will bolster business dynamics.
   

• Continuous improvements of regulatory mandates for decarbonization and lower NOx emissions are strengthening service cycle for emission monitoring, validation, and tuning, which in turn will boost industry growth.
   
• The oil & gas aeroderivative gas turbine service market is projected to register at a CAGR of over 5% till 2034. Increasing demand for modular overhaul kits, rapid response service capabilities, and mobile diagnostics units, especially in offshore and remote locations, will proliferate business outlook.
   
• In upstream environments, hot section inspection, fuel nozzle cleaning services, and corrosion-resistant material upgrades are prominent for turbines which face fuel variability, corrosion, and extreme heat.
   
• For reference, in January 2025, GE Vernova is strengthening its commitment to the U.S. energy sector with a USD 600 million investment across its manufacturing facilities over the next two years. This initiative aims to expand production capacity, modernize operations, and accelerate the transition to cleaner, more efficient power generation.
   
• The aeroderivative gas turbine service market in the aviation industry will grow at a CAGR of over 5% till 2034. Increasing demand for zero unplanned downtime in mission-critical airport operations is fueling uptake of real-time health monitoring systems.
   
• The rapid integration of AI tools for fault simulation and predictive analytics coupled with redundancy setups for military and commercial airports are generating contracts for rotational backup turbine servicing will energize industry potential.
   
• The top three segments, power plants, process plants, and aviation collectively account for over 60% of the total market value, signaling a highly concentrated structure. These sectors are propelled by growing demand for mobile turbine overhaul units, fly-in/fly-out maintenance crews, and rapid replacement of modular subassemblies.
   

• Based on service, the industry is segmented into maintenance, repair, overhaul, and others. The repair segment dominates the market with 42.4% share in 2024 and is expected to grow at a CAGR of over 5.5% from 2025 to 2034.
   
• Increasing use of advanced welding, additive manufacturing, and plasma coating for life extension of some critical parts will foster service portfolio. Rising demand for corrosion-resistant coating particularly in marine and oil & gas applications will encourage aeroderivative gas turbine service market scenario.
   
• The maintenance segment holds 23.2% market share in 2024 with over 5.5% CAGR by 2034. Repairs of components specifically for combustor lines, turbine blades, and fuel injectors are gaining momentum owing to wear from thermal cycling, accelerating the industry potential.
   
• Rising integration of predictive maintenance modules with turbine control systems for automated service alerts will sway industry landscape. Maintenance of turbines is aligned with grid demand patterns or seasonal industrial loads to reduce revenue loss will energize aeroderivative gas turbine service market trajectory.
   
• For reference, in April 2025, Duke Energy and GE Vernova announced a strategic partnership to supply natural gas turbines and related equipment. As part of the collaboration, the companies plan to advance projects involving up to 11 GE 7HA gas turbines, aligned with Duke Energy’s integrated resource plans.
   
• The overhaul aeroderivative gas turbine service market will witness a growth rate of over 5% from 2025 to 2034. The full and hot-section overhaul service is more frequently propelled by aging fleets in industrial and power generations application areas.
   
• Moreover, this service is often combined with material upgrades to handle hydrogen blending or high load operations. Growing in customized overhaul packages which are tailored to usage intensity, fuel quality, and site conditions will augment industry landscape.
   

• The U.S. dominated the aeroderivative gas turbine service market in North America accounted for around 89.6% share in 2024 and generated USD 404.9 million in revenue. Rapid population growth aligned with the rising peak demand are driving turbine deployment with reliable service contract with service providers will propel industry expansion.
   
• Substantial investment in energy transition under the Inflation Reduction Act is driving the demand for these turbines as renewable backup sources. Additionally, the surge in hydrogen blending and dual fuel projects is fostering demand for training for service technicians, fuel seal replacement, and combustor upgrades.
   

• The North America aeroderivative gas turbine service market is projected to hit over USD 850 million by 2034. Strict state level mandates of CO2 and NOx emissions for service, burner technologies, and emission tuning will create favorable business scenario.
   
• Rapid expansion of data centers facilities along with integration of renewable energy sources into these systems are driving the service portfolio. In addition, retrofit for hydrogen compatibility projects led by hydrogen hub funding program will create favorable business opportunities.
   
• The Europe aeroderivative gas turbine service market was evaluated at USD 675.3 million in 2024. The shift from coal to gas has strengthened industrial efficiency targets and long-term power supply diversification. The widespread adoption of low NOx combustors and catalytic services regimes are fostering business portfolio.
   
• Moreover, binding carbon-neutral timelines and EU emissions policies require turbine vendors to optimize performance and minimize methane slip, which in turn will boost industry penetration.
   
• For reference, in June 2025, Pratt & Whitner announced the expansion of its global GTF engine maintenance network through the addition of ITP Aero. The Madrid-based facility will provide full maintenance, repair, and overhaul services, including testing capabilities, for the PW1500G engines powering the Airbus A220 and the PW1900G engines used in the Embraer E-jets family.
   
• The Asia Pacific aeroderivative gas turbine service hold a market share of 35.9% in 2024. The regional carbon-neutral pledge in association with emission regulations mandates are fueling retrofitting solutions for gas turbines. Strong demand for flexible service capability and fast-response generation across dense population centers across the region will stimulate business dynamics.
   
• The China aeroderivative gas turbine service industry holds the largest market share in the region on account of its high electricity and thermal energy demand. The rapid transition from coal to cleaner transition fuel is creating new turbine deployment with related servicing portfolio.
   
• The Middle East & Africa aeroderivative gas turbine service market is set to reach over USD 2.5 billion by 2034. Increasing penetration of industrial zones and large-scale power plants in tandem with high-temperature material services and regular turbine inspection will positively sway the industry momentum.
   
• Furthermore, the rising need for frequent MRO of these aero turbines in refineries owing to desert conditions in the region will escalate business growth. Key emerging economies led by modular power plants, requiring fast deployment of mobile service teams will drive industry growth.
   

Aeroderivative Gas Turbine Service Market Share

• The top 5 companies in the aeroderivative gas turbine service industry are GE Vernova, Siemens Energy, Ansaldo Energia, Mitsubishi Heavy Industries, and MAN Energy Solutions contributing around 35% of the market in 2024.
   
• GE Vernova is gaining share through a lifecycle integration strategy, offering end-to-end service packages that combine OEM-certified parts, digital analytics, and performance-based long-term service agreements. While Mitsubishi Heavy Industries focuses on regional market penetration and product modularity. The company is expanding its share by offering compact, fuel-flexible turbine models paired with localized service centers and fast response field teams.
   
• Over the past 3 years, industry has shown a moderate in market concentration, as independent service providers and regional OEMs have begun capturing larger shares particularly in regions with aging fleets and cost-sensitive industrial users. Siemens Energy leverages its engineering and broad service network to cater to high-performance turbine support. Its aeroderivative turbines are deployed in a wide range of decentralized applications. In addition, the company has invested heavily in lifecycle supports, offering modular upgrade kits, AI-driven diagnostics, and smart service platforms.
   
• Ansaldo Energia maintains a strategic foothold in the industry through its strong global presence in key emerging economies. The company leverage in servicing and other turbines through licensed technology partnership and third-party MRO capabilities. Its expanding digital diagnostics tools, rapid-deployment field services, and regional maintenance hubs further enhance its competitiveness.
   
• Companies operating in the aeroderivative gas turbine service market are continuously developing new technologies, strategic public and private partnerships, and expansion its business operations to gain and maintain the market share. These companies are offering lifecycle service models and long-term service agreements, along with incorporation of digitalization of services which will strengthen their presence in developing regions.
   

Aeroderivative Gas Turbine Service Market Companies

• In May 2025, Siemens Energy reported USD 17 billion in orders, marking a 52.3% year-over-year increase on a comparable basis, driven by significant growth in Grid Technologies and record-high quarterly order in Gas Services. The company maintained a strong book-to-bill ratio of 1.5, contributing to a new all-time high order backlog of USD 157.1 billion.
   
• In 2024, GE Vernova secured USD 44 billion in new orders and generated USD 35 billion in revenue, achieving margin expansion across all business segments. The company improved free cash flow by over USD 1 billion and strengthened its robust backlog to USD 119 billion, with enhanced margin quality.
   
• In 2024, Kawasaki Heavy Industries achieved strong year-on-year growth with consolidated orders rising by USD 3.83 billion to USD 18.4 billion and revenue increasing by USD 1.96 billion to USD 14.9 billion. Business profit grew by USD 0.7 billion to USD 1 billion, while profit attributable to shareholders rose by USD 0.4 billion to USD 0.6 billion.
   

Major players operating in the aeroderivative gas turbine service market are:

• Ansaldo Energia
• Centrax Gas Turbines
• Destinus Energy
• EthosEnergy
• GE Vernova
• JSC United Engine
• Kawasaki Heavy Industries
• MAN Energy Solutions
• Mitsubishi Heavy Industries
• MJB International
• MTU Aero Engines
• PROENERGY
• RWG
• Siemens Energy
• Solar Turbines
• Sulzer
• TRS SERVICES
• VERICOR
   

Aeroderivative Gas Turbine Service Industry News

• In May 2025, Ansaldo Energia will supply four AE94.3A gas turbines for the new AI Dhafra power plant in Abu Dhabi, a 1 GW facility commissioned by TAQA. This project represents a significant investment in the region’s energy infrastructure and security. Scheduled for operation by May 2027, the plant will operate in conjunction with one of the world’s largest photovoltaic parks, supporting a hybrid generation model. The agreement also includes a long-term service agreement, ensuring ongoing technical support and performance monitoring over the plant’s lifecycle.
   
• In May 2025, EthosEnergy announced the acquisition of Turbine Services, a globally recognized manufacturer and supplier of specialized aftermarket components for gas and steam turbines. This strategic acquisition strengthened EthosEnergy’s capabilities in the turbine services sector and expanded its global footprint in the aftermarket parts market.
   
• In January 2025, GE Vernova announced USD 20 million in its advanced manufacturing repair technology center in Singapore to enhance repair technologies and capabilities for next-generation turbomachinery. The investment is specifically focused on supporting its high-efficiency, air-cooled gas turbines, reinforcing the company’s commitment to innovation, operational reliability, and long-term performance in advanced gas turbine solutions.
   
• In November 2024, Kawasaki Heavy Industries announced its entry into the civil aircraft engine maintenance sector, expanding its capabilities to include maintenance, repair, and overhaul services for commercial aircraft engines. Building on its experience with PW1100G-JM engine component repairs through its involvement in the International Aero Engines joint venture, the company will invest approximately USD 49 million to establish full maintenance operations for the PW1100G-JM engine.
   

The aeroderivative gas turbine service market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2025 to 2034, for the following segments:

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Market, By Service

• Maintenance
• Repair
• Overhaul
• Others

Market, By Service Provider

• OEM
• Non-OEM

Market, By Application

• Power plants
• Oil & gas
• Process plants
• Aviation
• Marine
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Italy
  • Netherlands
  • Finland
  • Greece
  • Denmark
  • Romania
  • Poland
  • Sweden
• Asia Pacific
  • China
  • India
  • Australia
  • Japan
  • South Korea
  • Indonesia
  • Thailand
  • Malaysia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • Kuwait
  • Oman
  • Egypt
  • Turkey
  • Bahrain
  • Iraq
  • Jordan
  • Lebanon
  • South Africa
  • Nigeria
  • Algeria
  • Kenya
• Latin America
  • Brazil
  • Argentina
  • Peru
  • Chile