Worldwide Gas Turbine Market is Significantly to grow at a CAGR of 4% during Forecast

Global Gas Turbine Market Information Report by Product Type (Heavy Duty and Aeroderivative), by Capacity (≤ 70MW, 70-300 MW and ≥ 300 MW), by Technology (Open Cycle and Combined Cycle), by Application (Power Generation, Oil & Gas, Industrial, Marine and Aviation) and by Region – Global Forecast To 2023

The need for uninterrupted electric supply is growing because of the worldwide rise in population and rapid industrialization. The increasing need of reliable electric supply and subsequent investment in producing new generating capacity, high productivity & low carbon discharge features of natural gas-fired power plants, and new shale gas exploration will drive the growth of gas turbine market.
The gas turbine market in the Asia-Pacific region is expected to grow the fastest during the forecast period.  The rapid industrialization, urbanization, and fast economic growth in the countries such as India and China will drive the market for gas turbines.

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Asia-Pacific region is expected to grow at the fastest rate
Rapid urbanization & industrialization in countries such as China, India, Indonesia and Australia, demand for continuous electricity supply for operations of industrial sector, data centers, emergency services, commercial & household applications,  are creating a lucrative market for gas turbines in this region as ageing conventional coal-fired power plants often hamper the continuous supply of power.

Scope of the Report
This study provides an overview of the global gas turbine market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global gas turbine market by its product type, capacity, by application, technology and by regions.

By Product Type

  • Heavy Duty
  • Aeroderivative

By Capacity

  • ≤ 70MW
  • 70-300 MW
  • ≥ 300 MW

By Technology

  • Open Cycle
  • Combined Cycle

By Application

  • Industrial
  • Marine
  • Gas & Oil
  • Power Generation
  • Aviation

By Regions

  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  

Key Players

  • General Electric (U.S.)
  • Siemens AG (Germany)
  • Mitsubishi Heavy Industries Ltd. (Japan)
  • Alstom S.A (France)
  • Kawasaki Heavy Industries, Ltd. (Japan)
  • Bharat Heavy Electricals Limited. (India)
  • Ansaldo Energia, (Italy)
  • Rolls-Royce Holdings plc. (U.K)
  • Harbin Electric Company Limited. (China)
  • MAN Diesel & Turbo. (Germany)
  • Vericor Power Systems. (Georgia)
  • Solar Turbines Incorporated. (U.S.A)

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The gas turbines market is driven by the need of reliable electric supply at low operating and fuel costs, also growing investment towards the replacement of conventional matured structures with modern upgraded one. The Asia-Pacific region is the leading market for Gas Turbines. The rapid industrialization, urbanization, and fast economic growth in the countries such as India and China, will drive the market for Gas Turbines. 

The report for Global Gas Turbine Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.


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Table of Contents

1    Executive Summary

2       Research Methodology

    2.1   Scope of the Study

    2.1.1     Definition

    2.1.2     Research Objective

    2.1.3     Assumptions

    2.1.4     Limitations

    2.2   Research Process

    2.2.1     Primary Research

    2.2.2     Secondary Research

    2.3   Market size Estimation

    2.4   Forecast Model

3    Market Dynamics

    3.1   Market Drivers

    3.2   Market Inhibitors

    3.3   Supply/Value Chain Analysis 

    3.4   Porter’s Five Forces Analysis

4    Global Gas Turbine Market, By Product Type

    4.1   Introduction

    4.2   Heavy Duty

    4.3   Aeroderivative

5    Global Gas Turbine Market, By Capacity

    5.1   Introduction

    5.2   ≤ 70MW

    5.3   70-300 MW

    5.4   ≥ 300 MW

6    Global Gas Turbine Market, By Technology

    6.1. Introduction

    6.2 Open Cycle

    6.3 Combined Cycle 

7    Global Gas Turbine Market, By Application

    7.1   Introduction

    7.2   Power Generation

    7.3   Gas & Oil

    7.4   Industrial

    7.5   Marine

    7.6   Aviation

8      Regional Market Analysis

    8.1           Introduction

    8.2    North America

    8.2.1    U.S.

    8.2.2    Canada

    8.3    Europe

    8.3.1    U.K

    8.3.2    France

    8.3.3    Germany

    8.3.4    Spain

    8.3.5    Rest of Europe

    8.4    Asia-Pacific

    8.4.1    China

    8.4.2    Japan

    8.4.3    India

    8.4.4    Rest of Asia-Pacific

    8.5    Rest of the World 


9    Competitive Analysis

    9.1    Introduction

    9.2    Competitive Scenario

    9.2.1    Market Share Analysis

    9.2.2    Market Development Analysis

    9.2.3    Application/Service Benchmarking 

    9.3    General Electric (U.S.)

    9.3.1    Overview

    9.3.2    Gas Turbine Type/Service Offering

    9.3.3    Strategy

    9.4     Siemens AG (Germany)

    9.4.1    Overview

    9.4.2    Gas Turbine Type/Service Offering

    9.4.3    Strategy

    9.5    Mitsubishi Heavy Industries Ltd. (Japan)

    9.5.1    Overview

    9.5.2    Gas Turbine Type/Service Offering

    9.5.3    Strategy

    9.6    Alstom S.A. (France)

    9.6.1    Overview    

    9.6.2    Gas Turbine Type/Service Offering

    9.6.3    Strategy

    9.7    Kawasaki Heavy Industries, Ltd. (Japan)

    9.7.1    Overview

    9.7.2    Gas Turbine Type/Service Offering

    9.7.3    Strategy

    9.8    Bharat Heavy Electricals Limited. (India)

    9.9.1    Overview

    9.9.2    Gas Turbine Type/Service Offering

    9.9.3    Strategy

    9.9    Ansaldo Energia, (Italy)

    9.9.1    Overview

    9.9.2    Gas Turbine Type/Service Offering

    9.9.3    Strategy

    9.10   Rolls-Royce Holdings plc. (U.K)

    9.10.1    Overview

    9.10.2    Gas Turbine Type/Service Offering

    9.10.3    Strategy

    9.11    Harbin Electric Company Limited. (China)

    9.11.1    Overview

    9.11.2    Gas Turbine Type/Service Offering

    9.11.3    Strategy

    9.12    MAN Diesel & Turbo. (Germany)

    9.12.1    Overview

    9.12.2    Gas Turbine Type/Service Offering

    9.12.3    Strategy

    9.13    Vericor Power Systems. (Georgia)

    9.13.1    Overview    

    9.13.2    Gas Turbine Type/Service Offering

    9.13.2    Strategy

    9.14    Solar Turbines Incorporated. (U.S.A)

    9.13.1    Overview    

    9.13.2    Gas Turbine Type/Service Offering

    9.13.2    Strategy

    9.15    OPRA Turbines. (Netherlands)

    9.13.1    Overview    

    9.13.2    Gas Turbine Type/Service Offering

    9.13.2    Strategy


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