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The Europe Gas Turbine Market is segmented by End-User Industry (Oil and Gas, Power, and Other End-user Industries), Type (Combined Cycle and Open Cycle), Geography (United Kingdom, Germany, France, and Rest of Europe).
Study Period:
2016 - 2026
Base Year:
2019
CAGR:
2.97 %
The European gas turbine market is expected to register a CAGR of more than 2.97% during the forecast period 2020-2025. The gas turbine is an instrument that utilizes the energy stored in gas either in the form of the kinetic energy of the flowing gas stream or the potential energy of a gas under pressure to produce rotary movement. The CO2 emissions from the European power industry reduced by 4%, about 1,018 million metric ton of CO2. Owing to coal plant closures and an increase in carbon price support, over 50% of the shift happened was observed in the United Kingdom. Countries, such as Italy, the Netherlands, Germany, and Greece witnessed significant switch over from coal to gas. Such developments in gas-based power infrastructure are expected to drive the demand for gas turbines in Europe during the forecast period. However, increasing shift toward renewable energy is expected to restrain the growth of the gas turbine market.
The European gas turbine market report includes:
End-User Industry | |
Oil and Gas | |
Power | |
Other End-user Industries |
Type | |
Combined Cycle | |
Open Cycle |
Geography | |
United Kingdom | |
Germany | |
France | |
Rest of Europe |
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The European gas turbine market industry is moderately consolidated. Some of the key players are General Electric Company, Mitsubishi Hitachi Power Systems Ltd, Siemens AG, Kawasaki Heavy Industries Ltd, and Solar Turbines Europe SA.
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 End-User Industry
5.1.1 Oil and Gas
5.1.2 Power
5.1.3 Other End-user Industries
5.2 Type
5.2.1 Combined Cycle
5.2.2 Open Cycle
5.3 Geography
5.3.1 United Kingdom
5.3.2 Germany
5.3.3 France
5.3.4 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 General Electric Company
6.3.2 Mitsubishi Hitachi Power Systems Ltd
6.3.3 Siemens AG
6.3.4 Kawasaki Heavy Industries Ltd
6.3.5 Solar Turbines Europe SA
6.3.6 Harbin Electric International Company Limited
6.3.7 Bharat Heavy Electricals Limited
6.3.8 Man Diesel and Turbo SE
6.3.9 MTU Aero Engines Ag / Vericor Power Systems LLC
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability