Global Gas Turbine Services Market Growth (Status and Outlook) 2019-2024
Report ID: 92520 | Feb 2019 | No. of Pages: 131
A gas turbine, also called a combustion turbine, is a type of internal combustion engine. It has an upstream rotating compressor coupled to a downstream turbine, and a combustion chamber or area, called a combustor, in between.
Middle East region enjoys largest revenue market share in the world, with a revenue market share nearly 31.8% in 2017. Following Middle East, North America is the second largest place with the revenue market share of 24.9%. North America has 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.
Market competition is intense. General Electric, Siemens, Mitsubishi Hitachi Power Systems, Wood Group, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.

According to this study, over the next five years the Gas Turbine Services market will register a 4.1% CAGR in terms of revenue, the global market size will reach US$ 21000 million by 2024, from US$ 16500 million in 2019. In particular, this report presents the global revenue market share of key companies in Gas Turbine Services business, shared in Chapter 3.

This report presents a comprehensive overview, market shares and growth opportunities of Gas Turbine Services market by product type, application, key companies and key regions.

This study considers the Gas Turbine Services value generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Heavy Duty Services
Aero-Derivative Services
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Power Generation
Oil & Gas

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
General Electric
Mitsubishi Hitachi Power Systems
Siemens
Wood Group
Kawasaki Heavy Industries
Solar Turbines
MTU Aero Engines
Ansaldo Energia
Sulzer
MAN Diesel & Turbo
MJB International
Proenergy Services

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Gas Turbine Services market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Gas Turbine Services market by identifying its various subsegments.
Focuses on the key global Gas Turbine Services players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Gas Turbine Services with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Gas Turbine Services submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents

2019-2024 Global Gas Turbine Services Market Report (Status and Outlook)

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Gas Turbine Services Market Size 2014-2024
2.1.2 Gas Turbine Services Market Size CAGR by Region
2.2 Gas Turbine Services Segment by Type
2.2.1 Heavy Duty Services
2.2.2 Aero-Derivative Services
2.3 Gas Turbine Services Market Size by Type
2.3.1 Global Gas Turbine Services Market Size Market Share by Type (2014-2019)
2.3.2 Global Gas Turbine Services Market Size Growth Rate by Type (2014-2019)
2.4 Gas Turbine Services Segment by Application
2.4.1 Power Generation
2.4.2 Oil & Gas
2.5 Gas Turbine Services Market Size by Application
2.5.1 Global Gas Turbine Services Market Size Market Share by Application (2014-2019)
2.5.2 Global Gas Turbine Services Market Size Growth Rate by Application (2014-2019)

3 Global Gas Turbine Services by Players
3.1 Global Gas Turbine Services Market Size Market Share by Players
3.1.1 Global Gas Turbine Services Market Size by Players (2017-2019)
3.1.2 Global Gas Turbine Services Market Size Market Share by Players (2017-2019)
3.2 Global Gas Turbine Services Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion

4 Gas Turbine Services by Regions
4.1 Gas Turbine Services Market Size by Regions
4.2 Americas Gas Turbine Services Market Size Growth
4.3 APAC Gas Turbine Services Market Size Growth
4.4 Europe Gas Turbine Services Market Size Growth
4.5 Middle East & Africa Gas Turbine Services Market Size Growth

5 Americas
5.1 Americas Gas Turbine Services Market Size by Countries
5.2 Americas Gas Turbine Services Market Size by Type
5.3 Americas Gas Turbine Services Market Size by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries

6 APAC
6.1 APAC Gas Turbine Services Market Size by Countries
6.2 APAC Gas Turbine Services Market Size by Type
6.3 APAC Gas Turbine Services Market Size by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries

7 Europe
7.1 Europe Gas Turbine Services by Countries
7.2 Europe Gas Turbine Services Market Size by Type
7.3 Europe Gas Turbine Services Market Size by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Spain
7.10 Key Economic Indicators of Few Europe Countries

8 Middle East & Africa
8.1 Middle East & Africa Gas Turbine Services by Countries
8.2 Middle East & Africa Gas Turbine Services Market Size by Type
8.3 Middle East & Africa Gas Turbine Services Market Size by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries

9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends

10 Global Gas Turbine Services Market Forecast
10.1 Global Gas Turbine Services Market Size Forecast (2019-2024)
10.2 Global Gas Turbine Services Forecast by Regions
10.2.1 Global Gas Turbine Services Forecast by Regions (2019-2024)
10.2.2 Americas Market Forecast
10.2.3 APAC Market Forecast
10.2.4 Europe Market Forecast
10.2.5 Middle East & Africa Market Forecast
10.3 Americas Forecast by Countries
10.3.1 United States Market Forecast
10.3.2 Canada Market Forecast
10.3.3 Mexico Market Forecast
10.3.4 Brazil Market Forecast
10.4 APAC Forecast by Countries
10.4.1 China Market Forecast
10.4.2 Japan Market Forecast
10.4.3 Korea Market Forecast
10.4.4 Southeast Asia Market Forecast
10.4.5 India Market Forecast
10.4.6 Australia Market Forecast
10.5 Europe Forecast by Countries
10.5.1 Germany Market Forecast
10.5.2 France Market Forecast
10.5.3 UK Market Forecast
10.5.4 Italy Market Forecast
10.5.5 Russia Market Forecast
10.5.6 Spain Market Forecast
10.6 Middle East & Africa Forecast by Countries
10.6.1 Egypt Market Forecast
10.6.2 South Africa Market Forecast
10.6.3 Israel Market Forecast
10.6.4 Turkey Market Forecast
10.6.5 GCC Countries Market Forecast
10.7 Global Gas Turbine Services Forecast by Type
10.8 Global Gas Turbine Services Forecast by Application

11 Key Players Analysis
11.1 General Electric
11.1.1 Company Details
11.1.2 Gas Turbine Services Product Offered
11.1.3 General Electric Gas Turbine Services Revenue, Gross Margin and Market Share (2017-2019)
11.1.4 Main Business Overview
11.1.5 General Electric News
11.2 Mitsubishi Hitachi Power Systems
11.2.1 Company Details
11.2.2 Gas Turbine Services Product Offered
11.2.3 Mitsubishi Hitachi Power Systems Gas Turbine Services Revenue, Gross Margin and Market Share (2017-2019)
11.2.4 Main Business Overview
11.2.5 Mitsubishi Hitachi Power Systems News
11.3 Siemens
11.3.1 Company Details
11.3.2 Gas Turbine Services Product Offered
11.3.3 Siemens Gas Turbine Services Revenue, Gross Margin and Market Share (2017-2019)
11.3.4 Main Business Overview
11.3.5 Siemens News
11.4 Wood Group
11.4.1 Company Details
11.4.2 Gas Turbine Services Product Offered
11.4.3 Wood Group Gas Turbine Services Revenue, Gross Margin and Market Share (2017-2019)
11.4.4 Main Business Overview
11.4.5 Wood Group News
11.5 Kawasaki Heavy Industries
11.5.1 Company Details
11.5.2 Gas Turbine Services Product Offered
11.5.3 Kawasaki Heavy Industries Gas Turbine Services Revenue, Gross Margin and Market Share (2017-2019)
11.5.4 Main Business Overview
11.5.5 Kawasaki Heavy Industries News
11.6 Solar Turbines
11.6.1 Company Details
11.6.2 Gas Turbine Services Product Offered
11.6.3 Solar Turbines Gas Turbine Services Revenue, Gross Margin and Market Share (2017-2019)
11.6.4 Main Business Overview
11.6.5 Solar Turbines News
11.7 MTU Aero Engines
11.7.1 Company Details
11.7.2 Gas Turbine Services Product Offered
11.7.3 MTU Aero Engines Gas Turbine Services Revenue, Gross Margin and Market Share (2017-2019)
11.7.4 Main Business Overview
11.7.5 MTU Aero Engines News
11.8 Ansaldo Energia
11.8.1 Company Details
11.8.2 Gas Turbine Services Product Offered
11.8.3 Ansaldo Energia Gas Turbine Services Revenue, Gross Margin and Market Share (2017-2019)
11.8.4 Main Business Overview
11.8.5 Ansaldo Energia News
11.9 Sulzer
11.9.1 Company Details
11.9.2 Gas Turbine Services Product Offered
11.9.3 Sulzer Gas Turbine Services Revenue, Gross Margin and Market Share (2017-2019)
11.9.4 Main Business Overview
11.9.5 Sulzer News
11.10 MAN Diesel & Turbo
11.10.1 Company Details
11.10.2 Gas Turbine Services Product Offered
11.10.3 MAN Diesel & Turbo Gas Turbine Services Revenue, Gross Margin and Market Share (2017-2019)
11.10.4 Main Business Overview
11.10.5 MAN Diesel & Turbo News
11.11 MJB International
11.12 Proenergy Services

12 Research Findings and Conclusion


List of Tables and Figures

Table Product Specifications of Gas Turbine Services
Figure Gas Turbine Services Report Years Considered
Figure Market Research Methodology
Figure Global Gas Turbine Services Market Size Growth Rate 2014-2024 ($ Millions)
Table Gas Turbine Services Market Size CAGR by Region 2014-2024 ($ Millions)
Table Major Players of Heavy Duty Services
Table Major Players of Aero-Derivative Services
Table Market Size by Type (2014-2019) ($ Millions)
Table Global Gas Turbine Services Market Size Market Share by Type (2014-2019)
Figure Global Gas Turbine Services Market Size Market Share by Type (2014-2019)
Figure Global Heavy Duty Services Market Size Growth Rate
Figure Global Aero-Derivative Services Market Size Growth Rate
Figure Gas Turbine Services Consumed in Power Generation
Figure Global Gas Turbine Services Market: Power Generation (2014-2019) ($ Millions)
Figure Global Power Generation YoY Growth ($ Millions)
Figure Gas Turbine Services Consumed in Oil & Gas
Figure Global Gas Turbine Services Market: Oil & Gas (2014-2019) ($ Millions)
Figure Global Oil & Gas YoY Growth ($ Millions)
Table Global Gas Turbine Services Market Size by Application (2014-2019) ($ Millions)
Table Global Gas Turbine Services Market Size Market Share by Application (2014-2019)
Figure Global Gas Turbine Services Market Size Market Share by Application (2014-2019)
Figure Global Gas Turbine Services Market Size in Power Generation Growth Rate
Figure Global Gas Turbine Services Market Size in Oil & Gas Growth Rate
Table Global Gas Turbine Services Revenue by Players (2017-2019) ($ Millions)
Table Global Gas Turbine Services Revenue Market Share by Players (2017-2019)
Figure Global Gas Turbine Services Revenue Market Share by Players in 2018
Table Global Gas Turbine Services Key Players Head office and Products Offered
Table Gas Turbine Services Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
Table Global Gas Turbine Services Market Size by Regions 2014-2019 ($ Millions)
Table Global Gas Turbine Services Market Size Market Share by Regions 2014-2019
Figure Global Gas Turbine Services Market Size Market Share by Regions 2014-2019
Figure Americas Gas Turbine Services Market Size 2014-2019 ($ Millions)
Figure APAC Gas Turbine Services Market Size 2014-2019 ($ Millions)
Figure Europe Gas Turbine Services Market Size 2014-2019 ($ Millions)
Figure Middle East & Africa Gas Turbine Services Market Size 2014-2019 ($ Millions)
Table Americas Gas Turbine Services Market Size by Countries (2014-2019) ($ Millions)
Table Americas Gas Turbine Services Market Size Market Share by Countries (2014-2019)
Figure Americas Gas Turbine Services Market Size Market Share by Countries in 2018
Table Americas Gas Turbine Services Market Size by Type (2014-2019) ($ Millions)
Table Americas Gas Turbine Services Market Size Market Share by Type (2014-2019)
Figure Americas Gas Turbine Services Market Size Market Share by Type in 2018
Table Americas Gas Turbine Services Market Size by Application (2014-2019) ($ Millions)
Table Americas Gas Turbine Services Market Size Market Share by Application (2014-2019)
Figure Americas Gas Turbine Services Market Size Market Share by Application in 2018
Figure United States Gas Turbine Services Market Size Growth 2014-2019 ($ Millions)
Figure Canada Gas Turbine Services Market Size Growth 2014-2019 ($ Millions)
Figure Mexico Gas Turbine Services Market Size Growth 2014-2019 ($ Millions)
Table APAC Gas Turbine Services Market Size by Countries (2014-2019) ($ Millions)
Table APAC Gas Turbine Services Market Size Market Share by Countries (2014-2019)
Figure APAC Gas Turbine Services Market Size Market Share by Countries in 2018
Table APAC Gas Turbine Services Market Size by Type (2014-2019) ($ Millions)
Table APAC Gas Turbine Services Market Size Market Share by Type (2014-2019)
Figure APAC Gas Turbine Services Market Size Market Share by Type in 2018
Table APAC Gas Turbine Services Market Size by Application (2014-2019) ($ Millions)
Table APAC Gas Turbine Services Market Size Market Share by Application (2014-2019)
Figure APAC Gas Turbine Services Market Size Market Share by Application in 2018
Figure China Gas Turbine Services Market Size Growth 2014-2019 ($ Millions)
Figure Japan Gas Turbine Services Market Size Growth 2014-2019 ($ Millions)
Figure Korea Gas Turbine Services Market Size Growth 2014-2019 ($ Millions)
Figure Southeast Asia Gas Turbine Services Market Size Growth 2014-2019 ($ Millions)
Figure India Gas Turbine Services Market Size Growth 2014-2019 ($ Millions)
Figure Australia Gas Turbine Services Market Size Growth 2014-2019 ($ Millions)
Table Europe Gas Turbine Services Market Size by Countries (2014-2019) ($ Millions)
Table Europe Gas Turbine Services Market Size Market Share by Countries (2014-2019)
Figure Europe Gas Turbine Services Market Size Market Share by Countries in 2018
Table Europe Gas Turbine Services Market Size by Type (2014-2019) ($ Millions)
Table Europe Gas Turbine Services Market Size Market Share by Type (2014-2019)
Figure Europe Gas Turbine Services Market Size Market Share by Type in 2018
Table Europe Gas Turbine Services Market Size by Application (2014-2019) ($ Millions)
Table Europe Gas Turbine Services Market Size Market Share by Application (2014-2019)
Figure Europe Gas Turbine Services Market Size Market Share by Application in 2018
Figure Germany Gas Turbine Services Market Size Growth 2014-2019 ($ Millions)
Figure France Gas Turbine Services Market Size Growth 2014-2019 ($ Millions)
Figure UK Gas Turbine Services Market Size Growth 2014-2019 ($ Millions)
Figure Italy Gas Turbine Services Market Size Growth 2014-2019 ($ Millions)
Figure Russia Gas Turbine Services Market Size Growth 2014-2019 ($ Millions)
Figure Spain Gas Turbine Services Market Size Growth 2014-2019 ($ Millions)
Table Middle East & Africa Gas Turbine Services Market Size by Countries (2014-2019) ($ Millions)
Table Middle East & Africa Gas Turbine Services Market Size Market Share by Countries (2014-2019)
Figure Middle East & Africa Gas Turbine Services Market Size Market Share by Countries in 2018
Table Middle East & Africa Gas Turbine Services Market Size by Type (2014-2019) ($ Millions)
Table Middle East & Africa Gas Turbine Services Market Size Market Share by Type (2014-2019)
Figure Middle East & Africa Gas Turbine Services Market Size Market Share by Type in 2018
Table Middle East & Africa Gas Turbine Services Market Size by Application (2014-2019) ($ Millions)
Table Middle East & Africa Gas Turbine Services Market Size Market Share by Application (2014-2019)
Figure Middle East & Africa Gas Turbine Services Market Size Market Share by Application in 2018
Figure Egypt Gas Turbine Services Market Size Growth 2014-2019 ($ Millions)
Figure South Africa Gas Turbine Services Market Size Growth 2014-2019 ($ Millions)
Figure Israel Gas Turbine Services Market Size Growth 2014-2019 ($ Millions)
Figure Turkey Gas Turbine Services Market Size Growth 2014-2019 ($ Millions)
Figure GCC Countries Gas Turbine Services Market Size Growth 2014-2019 ($ Millions)
Figure Global Gas Turbine Services arket Size Forecast (2019-2024) ($ Millions)
Table Global Gas Turbine Services Market Size Forecast by Regions (2019-2024) ($ Millions)
Table Global Gas Turbine Services Market Size Market Share Forecast by Regions
Figure Americas Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure APAC Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure Europe Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure Middle East & Africa Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure United States Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure Canada Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure Mexico Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure Brazil Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure China Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure Japan Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure Korea Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure Southeast Asia Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure India Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure Australia Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure Germany Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure France Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure UK Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure Italy Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure Russia Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure Spain Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure Egypt Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure South Africa Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure Israel Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure Turkey Gas Turbine Services Market Size 2019-2024 ($ Millions)
Figure GCC Countries Gas Turbine Services Market Size 2019-2024 ($ Millions)
Table Global Gas Turbine Services Market Size Forecast by Type (2019-2024) ($ Millions)
Table Global Gas Turbine Services Market Size Market Share Forecast by Type (2019-2024)
Table Global Gas Turbine Services Market Size Forecast by Application (2019-2024) ($ Millions)
Table Global Gas Turbine Services Market Size Market Share Forecast by Application (2019-2024)
Table General Electric Basic Information, Head Office, Major Market Areas and Its Competitors
Table General Electric Gas Turbine Services Revenue and Gross Margin (2017-2019)
Figure General Electric Gas Turbine Services Market Share (2017-2019)
Table Mitsubishi Hitachi Power Systems Basic Information, Head Office, Major Market Areas and Its Competitors
Table Mitsubishi Hitachi Power Systems Gas Turbine Services Revenue and Gross Margin (2017-2019)
Figure Mitsubishi Hitachi Power Systems Gas Turbine Services Market Share (2017-2019)
Table Siemens Basic Information, Head Office, Major Market Areas and Its Competitors
Table Siemens Gas Turbine Services Revenue and Gross Margin (2017-2019)
Figure Siemens Gas Turbine Services Market Share (2017-2019)
Table Wood Group Basic Information, Head Office, Major Market Areas and Its Competitors
Table Wood Group Gas Turbine Services Revenue and Gross Margin (2017-2019)
Figure Wood Group Gas Turbine Services Market Share (2017-2019)
Table Kawasaki Heavy Industries Basic Information, Head Office, Major Market Areas and Its Competitors
Table Kawasaki Heavy Industries Gas Turbine Services Revenue and Gross Margin (2017-2019)
Figure Kawasaki Heavy Industries Gas Turbine Services Market Share (2017-2019)
Table Solar Turbines Basic Information, Head Office, Major Market Areas and Its Competitors
Table Solar Turbines Gas Turbine Services Revenue and Gross Margin (2017-2019)
Figure Solar Turbines Gas Turbine Services Market Share (2017-2019)
Table MTU Aero Engines Basic Information, Head Office, Major Market Areas and Its Competitors
Table MTU Aero Engines Gas Turbine Services Revenue and Gross Margin (2017-2019)
Figure MTU Aero Engines Gas Turbine Services Market Share (2017-2019)
Table Ansaldo Energia Basic Information, Head Office, Major Market Areas and Its Competitors
Table Ansaldo Energia Gas Turbine Services Revenue and Gross Margin (2017-2019)
Figure Ansaldo Energia Gas Turbine Services Market Share (2017-2019)
Table Sulzer Basic Information, Head Office, Major Market Areas and Its Competitors
Table Sulzer Gas Turbine Services Revenue and Gross Margin (2017-2019)
Figure Sulzer Gas Turbine Services Market Share (2017-2019)
Table MAN Diesel & Turbo Basic Information, Head Office, Major Market Areas and Its Competitors
Table MAN Diesel & Turbo Gas Turbine Services Revenue and Gross Margin (2017-2019)
Figure MAN Diesel & Turbo Gas Turbine Services Market Share (2017-2019)
Table MJB International Basic Information, Head Office, Major Market Areas and Its Competitors
Table Proenergy Services Basic Information, Head Office, Major Market Areas and Its Competitors

1. This report provides in depth analysis for changing competitive dynamics and keeps you ahead of competitors
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3. It provides a ten-year forecast assessed on the basis of how the market is expected to grow
4. It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of various market segments

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