Globally gas turbine service market was valued at $ +140 billion in 2019 and is expected to grow at a CAGR of +4% from 2019 to 2026.
A gas turbine is a combustion engine that converts natural gas or other liquid fuel into mechanical energy and produces electrical energy with a generator. Most gas turbines operate in an open cycle where the air is drawn from the atmosphere. A gas turbine consists of three main sections including a compressor, combustion mounted on the same shaft, and a turbine. The compressor draws air into the engine, pressurizes it, and sends it to the combustion chamber at a rate of hundreds of miles per hour. The combustion mechanism generates a hot gas stream that expands into the turbine section. The turbine features an array of alternating stationery and rotating blades.
Key Players of Oman Gas Turbine Services Market: Phoenixpoweroman, GE, Soharpower, Thomassen, Dhofar Generating Company, Sintoverseas, Opraturbines, Man energy solutions, CC Energy Development S.A.L Oman
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Oman Gas Turbine Services Market Segmentation:
By Service Type:
- Aero derivative
By End User industries:
- Maintenance and Repair
- Spare Parts
- Power Generation
- Oil & Gas
The main factor expected to drive Oman gas turbine services is the increased installation of combined cycle power plants. Due to the high production of shale gas, the increase in gas turbine equipment is increasing, which is pushing up the market. The market for Oman gas turbine services is expanding rapidly in areas where gas turbine efficiency and power play an important role. Strict government regulatory standards regarding emissions, high labor costs, very expensive gas turbine spare parts and transportation process difficulties are hindering the Oman gas turbine service market.
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