PUNE, India, November 17, 2016 /PRNewswire/ -- The report "Gas Turbine Services Marketby Type (Heavy Duty, and Aero-Derivative), Service (Maintenance, Repair, and Overhaul), End-User (Power Generation, Oil & Gas), Service Provider (OEM, and NON-OEM), and Region - Global Forecast to 2021" published by MarketsandMarkets, the market size is projected to grow at a CAGR of 4.1% from 2016 to 2021 to reach USD 18.45 Billion by 2021, up from estimated value of USD 15.11 Billion in 2016. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 65 market data Tables and 47 Figures spread through 157 Pages and in-depth TOC on"Gas Turbine Services Market"http://www.marketsandmarkets.com/Market-Reports/gas-turbine-services-market-222659497.htmlEarly buyers will receive 10% customization on this report. Stringent emission regulations for gas turbines and upgradation of aging fleet of gas turbine drives the market for gas turbine services. Maintenance segment is expected to hold the largest share ofGas Turbine Services Market, by service, during the forecast period Maintenance service led the overall Gas Turbine Services Market in 2015, and is expected to dominate during the forecast period. Almost half of the Gas Turbine Services Market is expected to be dominated by the maintenance service owing to rise in demand inspection and monitoring services for newly installed gas turbines. In addition, advent of gas turbine monitoring services such as intelligent condition monitoring and big data analytics for preventive and predictive maintenance will drive the market for maintenance services. However, the overhaul service is expected to grow at a fastest rate during the forecast period. Power generation to dominate theGas Turbine Services Market, by end-user during the forecast period Power generation is expected to hold almost half of the gas turbine market during the forecast period. The market is driven by the rise in demand for gas turbines for combined cycle power plants. The total gas turbine installation capacity for power generation exceeded about more than 50 GW in 2015. These turbines will require frequent inspection and maintenance of parts such as rotors, blades, and liners among others. This will drive the market for power generation segment during the forecast period. Middle East & Africa are the potential markets for power generation gas turbine services during the forecast period. Make an Enquiry:http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=222659497North America: The leading market for gas turbine servicesNorth America is expected to dominate the Gas Turbine Services Market owing to the large number of existing and aging gas turbines fleet in the U.S. and Canada. Large number of long term service agreements for gas turbine services are also seen this region. In addition, demand for gas turbine services for mechanical drive application for process industry will also drive the market for gas turbines services in North America. To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the laminated busbar market General Electric Company (U.S.), Siemens AG ( Germany), EthosEnergy (U.K), Sulzer AG ( Switzerland) and Ansaldo Energia, SpA ( Italy). Leading players are trying to penetrate the markets in developing economies and are adopting various strategies such as acquiring service contracts & agreements and mergers & acquisitions to increase their market share. Browse Related Reports:Gas Turbines Market by Design Type (Heavy Duty & Aeroderivative), Rated Capacity (1-40 MW,40-120 MW,120-300 MW, & Above 300 MW), Application (Oil & Gas, Power & Other), Technology (Open Cycle & Combined Cycle), and Region - Forecast and Trends to 2020 http://www.marketsandmarkets.com/Market-Reports/gas-turbines-market-94641697.htmlSteam Turbines Market by Type (Steam Cycle, Combined Cycle and Cogeneration), by Rated Capacity (1-120 MW, 121-350 MW, 351-750 MW and Above 750 MW), by Exhaust Type (Condensing and Noncondensing), by Application (Coal, Nuclear, Biomass and Others) and by Region (Americas, Asia-Pacific, Europe, and Middle East & Africa) - Global Trends and Forecasts to 2020 http://www.marketsandmarkets.com/Market-Reports/steam-turbines-market-235206532.htmAbout MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. 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