Power Plant MRO - Gas Turbine Major Outage: Market Size & Forecast 2026

The global power-plant MRO market for gas turbine major outages sits at roughly USD 15.6 billion in 2025 (base year), on a 5.6 percent CAGR (2025-2032), heading toward USD 22.8 billion by 2032, with capacity sold out for years as utilities keep aging fleets running under dispatch pressure rather than waiting for new units. Forced-outage costs run at roughly USD 300,000 plus per hour per unit, and the typical unplanned outage window is 5.8 hours, so a single event costs roughly USD 1.7 million in lost generation, before the repair bill and the contract penalties. > **Analyst Take. Our view: the right sequence is to lock outage slots first, then pre-position rotor and blade call-offs, then negotiate proprietary-part escalation. The consensus reaction is to chase OEM turnkey pricing; we would push back. OEM capacity is sold out for years, the constraint is the slot not the price, and the re

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