Over the past few years, most of the world’s major turbine manufacturers have begun placing a far heavier emphasis on the business of servicing existing machines — including those they didn’t make.
This embrace of the services market reflects the stunning magnitude of the opportunity for caring for older turbines in the coming decades, as well as the current reality that profitability in the O&M sector is “very high” compared with selling new turbines, says MAKE partner Dan Shreve.
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