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The Gas Turbine Market is Segmented by Capacity (Less than 30 MW, 31-120 MW, Above 120 MW), Type (Combined Cycle, Open Cycle), End-user Industry (Power, Oil and Gas, Other End-user Industries), and Geography (North America, Europe, Asia-Pacific, South America, Middle-East and Africa).
Study Period:
2016 - 2026
Base Year:
2019
Fastest Growing Market:
Asia Pacific
Largest Market:
Asia Pacific
CAGR:
3.8 %
The gas turbine market is expected to register a CAGR of approximately 3.8% during the forecast period. Global electricity demand is increasing, and it doubled within the last two decades. It is expected to grow at twice the pace of energy demand as a whole, in the next 25 years. Moreover, the advancement in technology leading to the increase in shale gas production, along with the plans of various countries to phase out coal-based power generation and replace them with the gas-fired power plant, is likely to act as a driver for the market. However, the increase in renewable deployment due to the enhanced efficiency of renewable-based power generation is expected to restrain the growth of the market.
The gas turbine market report includes:
Capacity | |
Less than 30 MW | |
31-120 MW | |
Above 120 MW |
Types | |
Combined Cycle | |
Open Cycle |
End-User Industry | |
Power | |
Oil and Gas | |
Others |
Geography | |
Asia-Pacific | |
North America | |
Europe | |
South America | |
Middle-East and Africa |
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The gas turbine Market is fragmented. The key companies in market under consideration are General Electric Company, Siemens AG, Mitsubishi Heavy Industries Ltd, Kawasaki Heavy Industries Ltd, and Bharat Heavy Electricals Limited.
1. INTRODUCTION
1.1 Scope of the report
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 Market Dynamics
4.4.1 Drivers
4.4.2 Restraints
4.5 Supply-Chain Analysis
4.6 Porter's Five Forces Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products and Services
4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Capacity
5.1.1 Less than 30 MW
5.1.2 31-120 MW
5.1.3 Above 120 MW
5.2 Types
5.2.1 Combined Cycle
5.2.2 Open Cycle
5.3 End-User Industry
5.3.1 Power
5.3.2 Oil and Gas
5.3.3 Others
5.4 Geography
5.4.1 Asia-Pacific
5.4.2 North America
5.4.3 Europe
5.4.4 South America
5.4.5 Middle-East and Africa
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 Siemens AG
6.3.3 Mitsubishi Heavy Industries Ltd
6.3.4 Harbin Electric International Company Limited
6.3.5 Bharat Heavy Electricals Limited
6.3.6 Kawasaki Heavy Industries Ltd
6.3.7 Ansaldo Energia SpA
6.3.8 Solar Turbines
6.3.9 Man Diesel and Turbo SE
6.3.10 MTU Aero Engines Ag / Vericor Power Systems LLC
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability