Middle East and Africa Gas Turbine Services Market Forecast (2015-2023)

Year REST OF MIDDLE EAST AND AFRICA SAUDI ARABIA UAE EGYPT IRAN
2015 $ 668.1 $ 1696.7 $ 692.3 $ 364.4 $ 499.4
2016 $ 695.9 $ 1783.4 $ 719.6 $ 376.6 $ 517.8
2017 $ 725.1 $ 1875.3 $ 748.3 $ 389.4 $ 537.1
2018 $ 757.2 $ 1975.8 $ 779.8 $ 403.4 $ 558.3
2019 $ 792.3 $ 2085.7 $ 814.2 $ 418.8 $ 581.5
2020 $ 829.7 $ 2203.4 $ 850.9 $ 435.2 $ 606.2
2021 $ 872.7 $ 2337.7 $ 893.1 $ 454.2 $ 634.7
2022 $ 918.1 $ 2480.5 $ 937.6 $ 474.1 $ 664.7
2023 $ 966.0 $ 2632.2 $ 984.4 $ 494.9 $ 696.2
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Middle East and Africa Gas Turbine Services Market Forecast (2015-2023)

Synopsis
The above chart is Global Gas Turbine Services market [2015-2023] by Middle East and Africa

Market Dynamics

Saudi arabia accounted for the largest market share in 2017 in the middle east and africa gas turbine services market, and is expected to reach usd 2632.20 million in 2023 from usd 1875.30 million in 2017.this market is projected to grow at a cagr of 5.90% during the forecast period from 2018 - 2023. heavy duty segment accounted for the largest market share in 2017, this market is expected to reach usd 2850.20 million in 2023 from usd 2134.80 million in 2017. this market is projected to grow at a cagr of 5.03% during the forecast period from 2018 - 2023. however, aeroderivative segment is the fastest growing market, which is expected to grow at a cagr of 5.79% during the forecast period 2018 - 2023. maintenance and repair segment accounted for the largest market share in 2017, this market is expected to reach usd 3090.40 million in 2023 from usd 2273.40 million in 2017. this market is projected to grow at a cagr of 5.34% during the forecast period from 2018 - 2023. however, maintenance and repair segment is the fastest growing market, which is expected to grow at a cagr of 5.34% during the forecast period 2018 - 2023. power generation segment accounted for the largest market share in 2017, this market is expected to reach usd 2657.70 million in 2023 from usd 1955.10 million in 2017. this market is projected to grow at a cagr of 5.34% during the forecast period from 2018 - 2023. however, power generation segment is the fastest growing market, which is expected to grow at a cagr of 5.34% during the forecast period 2018 - 2023.

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