Market key trends:
One of the major trends driving the gas turbine MRO market is the shifting focus towards preventive maintenance. Gas turbines are capital-intensive equipment and any failure can result in high repair costs and loss of generation. Therefore, most utilities have started following strict preventive maintenance schedules that involve periodic inspection, testing, cleaning, and replacement of components as per OEM guidelines. This helps detect issues at an early stage and prevent unplanned breakdowns. For instance, General Electric conducts condition monitoring of turbine assets to optimize maintenance cycles. Such preventive strategies help improve asset availability and life. This rising preventive maintenance adoption supports the growing demand for gas turbine MRO services.
The Global Gas Turbine MRO Market Size in the power sector is expected to witness high growth, exhibiting CAGR of 6.7% over the forecast period, due to increasing investments in operational efficiency and asset performance optimization programs by utilities.