This analysis focuses on the global turbine services industry, examining the factors that influence industry shifts. While the global turbine services industry is relatively mature, there is significant potential for innovation in introducing advanced solutions. The turbine services space is projected to have a compound annual growth rate (CAGR) of 5.1% between 2024 and 2035, driven by increasing power demand and the need for new products to service an aging infrastructure. This demand will further boost (OEM) sales and service revenues. The analysis examines the factors that drive and restrain growth, identifying the megatrends that will shape the future of the industry.  

• What is the transformative role of digital technologies in the turbine services industry, and their impact on future contracting?
• How can major players and stakeholders leverage new growth opportunities arising from changes in the turbine services industry?
• What are the regional growth drivers transforming the steam turbine and gas turbine segments?