Gas Turbine Market Share, Size, Trends 2019 Global Analysis, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2023

Gas Turbine Market Share, Size, Trends 2019 Global Analysis, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2023

“”Gas Turbine Market””
Gas Turbine Market is segmented by Capacity (Up to 200 MW Above 200 MW), Technology ( Sector (Upstream, Midstream, Downstream), and Region. The global gas turbine market is cementing its foothold by grabbing a CAGR of 4.80%, during the forecast period (2016-2023). Asia-Pacific Region to Lead with Highest Market Share in the Coming Years.

The prominent players of global Gas Turbine market are General Electric is listed as (U.S.), Siemens (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) and Solar Turbines Incorporated. (U.S.A).

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Market Drivers & Trends

The drivers that play a significant role in the proliferation of the global gas turbine market are the advantages offered by it as high power to weight ratio, low operation pressures, smaller than the most reciprocating engine of same power rating. Turbines play a crucial role in reducing carbon emissions, thus the above advantage act essentially as the market driver. It has been observed and studied that, electricity demand on the global level has increased with years and will be more in demand in the years to come to serve the increasing populace. Thus, such a surge in electricity production has also served as one of the major factors for the market to grow substantially in the assessment period.

The significant gas producing regions such as Middle East, U.S., and Russia are observing a foremost revamp in their electricity generation infrastructure to hostilely pursue gas-based power generation. Such changes have brought a driving force to the market for gas turbines in recent time. As an add-on, the availability of natural gas in large quantities coupled with its relatively lower prices can welcome opportunities in the market’s progression period. In a case of point, according to EIA, the demand and supply of natural gas in first half of 2018 was recorded of an average 93.4 billion cubic feet per day, which scores 12% higher than the demand in the first half of 2017.

Apart from all, the stringent emission norms for gas turbine and boom in shale gas production has also stood up as foremost drivers for market’s growth, which would continue at the same pace, according to the study. As stated according to EIA, the fastening pace of technological advancement in the oil & gas industry would result in mounting well recoveries, which will cater to the increase in the production of shale gas and resultantly there would be a considerable boost in the growth of gas turbines market globally.

Market Segmentation

According to the study, the global Gas Turbine market has been divided based on capacity, technology, application, and region.

In terms of technology, the market is classified into open cycle and combined cycle. Where, open cycle segment is driven by factors of lower warm-up time, lightweight, compact size, operational versatility, quick start, and less dependency on cooling water.

In terms of application, this market segment includes power generation, industrial, and aviation where power generation is likely to be the largest market during the forecast period owing to growing energy demand coupled with favorable regulatory towards the integration of sustainable energy infrastructure.

Regional Outlook

Geographically, the global gas turbine market has been spanned across mains regions such as Asia Pacific, Europe, North America, and the Rest-of-the-World.

Among these regions, the Asia-Pacific region is the leading market for gas turbines across the globe and is credited to the ongoing rapid urbanization and industrialization, coupled with the fast-economic growth in economies. Countries such as China and India are the main markets for gas turbines, where, China is likely to gain prominence in this region owing to the development of a large-scale gas-fired power generating stations. According to the study, in 2017, Siemens had fetched a gas turbine order from CAPCO to power a 550 MW combined cycle generating unit, which gave considerable traction to the market to explore exponentially over the time.

The North American region is presumed to occupy an outstanding market share during the assessment period with expanding growth in shale gas production in the U.S region. The shale revolution is likely to progress in the U.S., and its effects are considered to amplify with the increasing LNG supplies, which would aid in market’s growth in the coming years.

Table Of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope Of The Study

2.3 Market Structure

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Market Size Estimation

3.4 Forecast Model

3.5 List Of Assumptions

3.6 Limitations Of The Study

4 Market Insights

5 Market Dynamics

5.1 Introduction

5.2 Market Drivers

5.3 Market Restraints

5.4 Market Opportunities

5.5 Porter’s Five Forces Analysis

5.5.1 Threat Of New Entrants

5.5.2 Bargaining Power Of Buyers

5.5.3 Bargaining Power Of Suppliers

5.5.4 Threat Of Substitutes

5.5.5 Intensity Of Rivalry

5.6 Value Chain/Supply Chain Analysis

6 Global Gas Turbine Market, By Capacity

6.1 Introduction

6.2 Up To 200 MW

6.2.1 Market Estimates & Forecast, 2016-2023

6.2.2 Market Estimates & Forecast, By Region, 2016-2023

6.3 Above 200 MW

6.3.1 Market Estimates & Forecast, 2016-2023

6.3.2 Market Estimates & Forecast, By Region, 2016-2023

7 Global Gas Turbine Market, By Technology

7.1 Introduction

7.2 Open Cycle

7.2.1 Market Estimates & Forecast, 2016-2023

7.2.2 Market Estimates & Forecast, By Region, 2016-2023

7.3 Combined Cycle

7.3.1 Market Estimates & Forecast, 2016-2023

7.3.2 Market Estimates & Forecast, By Region, 2016-2023

8 Global Gas Turbine Market, By Application

8.1 Introduction

8.2 Power Generation

8.2.1 Market Estimates & Forecast, 2016-2023

8.2.2 Market Estimates & Forecast, By Region, 2016-2023

8.3 Industrial

8.3.1 Market Estimates & Forecast, 2016-2023

8.3.2 Market Estimates & Forecast, By Region, 2016-2023

8.4 Aviation

8.4.1 Market Estimates & Forecast, 2016-2023

8.4.2 Market Estimates & Forecast, By Region, 2016-2023

9 Global Gas Turbine Market, By Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, By Capacity, 2016-2023

9.2.2 Market Estimates & Forecast, By Technology, 2016-2023

9.2.3 Market Estimates & Forecast, By Application, 2016-2023

9.2.4 Market Estimates & Forecast, By Country, 2016-2023

9.2.5 US

9.2.5.1 Market Estimates & Forecast, By Capacity, 2016-2023

9.2.5.2 Market Estimates & Forecast, By Technology, 2016-2023

9.2.5.3 Market Estimates & Forecast, By Application, 2016-2023

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, By Capacity, 2016-2023

9.2.6.2 Market Estimates & Forecast, By Technology, 2016-2023

9.2.6.3 Market Estimates & Forecast, By Application, 2016-2023

9.2.7 Mexico

9.2.7.1 Market Estimates & Forecast, By Capacity, 2016-2023

9.2.7.2 Market Estimates & Forecast, By Technology, 2016-2023

9.2.7.3 Market Estimates & Forecast, By Application, 2016-2023

9.3 Europe

9.3.1 Market Estimates & Forecast, By Capacity, 2016-2023

9.3.2 Market Estimates & Forecast, By Technology, 2016-2023

9.3.3 Market Estimates & Forecast, By Application, 2016-2023

9.3.4 Market Estimates & Forecast, By Country, 2016-2023

9.3.5 Germany

9.3.5.1 Market Estimates & Forecast, By Capacity, 2016-2023

9.3.5.2 Market Estimates & Forecast, By Technology, 2016-2023

9.3.5.3 Market Estimates & Forecast, By Application, 2016-2023

9.3.6 UK

9.3.6.1 Market Estimates & Forecast, By Capacity, 2016-2023

9.3.6.2 Market Estimates & Forecast, By Technology, 2016-2023

9.3.6.3 Market Estimates & Forecast, By Application, 2016-2023

9.3.7 Russia

9.3.7.1 Market Estimates & Forecast, By Capacity, 2016-2023

9.3.7.2 Market Estimates & Forecast, By Technology, 2016-2023

9.3.7.3 Market Estimates & Forecast, By Application, 2016-2023

9.3.8 Italy

9.3.8.1 Market Estimates & Forecast, By Capacity, 2016-2023

9.3.8.2 Market Estimates & Forecast, By Technology, 2016-2023

9.3.8.3 Market Estimates & Forecast, By Application, 2016-2023

9.3.9 Rest Of Europe

9.3.9.1 Market Estimates & Forecast, By Capacity, 2016-2023

9.3.9.2 Market Estimates & Forecast, By Technology, 2016-2023

9.3.9.3 Market Estimates & Forecast, By Application, 2016-2023

Continued…

List of Tables:

Table 1 Global Gas Turbine Market, By Region, 2016-2023 (USD Million)

Table 2 North America Gas Turbine Market, By Country, 2016-2023 (USD Million)

Table 3 Europe Gas Turbine Market, By Country, 2016-2023 (USD Million)

Table 4 Asia-Pacific Gas Turbine Market, By Country, 2016-2023 (USD Million)

Table 5 Middle East & Africa Gas Turbine Market, By Country, 2016-2023 (USD Million)

Table 6 South America Gas Turbine Market, By Country, 2016-2023 (USD Million)

Table 7 Global Gas Turbine Market, By Capacity, 2016-2023 (USD Million)

Table 8 North America Gas Turbine Market, By Capacity, 2016-2023 (USD Million)

Table 9 Europe Gas Turbine Market, By Capacity, 2016-2023 (USD Million)

Table 10 South America Gas Turbine Market, By Capacity, 2016-2023 (USD Million)

Continued…

List of Figures:

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL GAS TURBINE MARKET SHARE, BY CAPACITY, 2017 (%)

FIGURE 9 GLOBAL GAS TURBINE MARKET, BY CAPACITY, 2018-2023 (USD Million)

Continued…

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