Gas Turbine Market Size, Share, Growth, Trends and Forecasts

2021-07-01 12:01 EEST

Gas Turbine Market Size, Share, Growth, Trends and Forecasts 2020-2027

The gas turbine market size is poised to grow by $ 12.03 billion by 2027 from

$ 5.89 Billion in 2019, exhibiting a CAGR of 7.4% during the forecast period 2020-2027. The report provides many business organizations with the

required information to proliferate their business’ reach within the global gas turbine market.

The report provides the overall revenue of this global market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year. The study will help users gain market insights, future trends, and growth

prospects for forecast to 2027.

Introduction

Gas turbine is a mechanical device which couples energy from gas or working fluid by using its potential energy or kinetic energy. Gas turbines run on brayton cycle that essentially comprise of a heater, compressor, turbine and cooler. The working fluid experiences thermodynamic process where the system changes heat/mechanical energy into rotating energy that in turn generates electricity as output. Gas turbines are contains 3 crucial sections mounted on the same shaft namely the combustion chamber/combustor, compressor, and turbine. The compressor can be either centrifugal flow or axial flow. Axial flow compressors are general in power generation as they have advanced flow rates and competences.

Gas turbines are chiefly employed for direct mechanical drive for production units, feed pumps and power generation. Combined cycle power plants are favored as they are more effectual. A combined heat and power plant is an illustration of combined cycle power plant that can be engaged for

production of electricity also to attain mechanical drive.

Get the Sample Pages of Report for More

Understanding@https://www.precedenceresearch.com/sample/1021 Growth Factors

Encouraging government regulations plus positive consumer viewpoint toward sustainable energy infrastructure would upsurge the gas turbine market share. Operative utilization of produced energy through the power grid in line with rising energy optimization has confidently inclined the product implementation.

Expansions in clean energy projects are generating robust growth latent for steam and gas turbines. Further, due to growing demand for electric power via clean energy sources, several countries in have undertook many attempts to cut GHG emissions. All these factors are projected to positively

complement market landscape. Encouraging government rules along with constructive consumer stance toward sustainable energy arrangement is further propelling gas turbine market revenue across the globe. Operative utilization of produced energy through the power grid along with mounting energy optimization has certainly inclined the product implementation.

For example, Department of Energy (DOE) declared establishment of 81 GW of combined heat and power plants surpassing 3,500 sites throughout the U.S. in in 2018. Furthermore, growing incentive allocation and financial subsidies toward the incorporation & extension of CHP plants are projected to further drive the growth of gas turbines industry in this region.

Report Highlights

• Aero-derivative gas turbine market is anticipated to see surge due to greater turbo-machinery proficiency, enhanced cooling blades and heightened turbine inlet temperature. Further, constant investments for advancement of sustainable energy generation plants.

• Rising regenerative turbine integration through district heating services will further support market demand

• Ongoing technological improvements associated with

effectiveness, flexibility and reliability across both un- recuperated and recuperated systems are expected to drive market demand

Regional Snapshots

North America and Europe together occupies majority of the share of power stations being decommissioned. This is due to maximum power plants are in their second phase of life cycle. In 2015, in Europe, air pollution equipment of many plants that have not been improved was ordered to be closed. Many legislative initiatives and matured capacities formed a possible replacement market. Gas turbine industry size in North America is estimated to surpass an annual installation of 10 GW by 2027. Easy availability of raw material and constant integration of advanced technological turbines are some of the great drivers fuelling growth of the market. Increasing attention toward CCGT power technology together accelerating applicability of gas-powered systems through drilling and extraction techniques is further projected to support demand in the market.

South and Central America are also expected to appear as profitable market for clean energy. Since 1990, Brazil has been vigorously inspiring

cogeneration, which has caused in over 1,200 MW of on-site gas-fired

volume. Chile, Brazil, Peru, and Uruguay are some of the noticeable markets in this region.

Key Players & Strategies

Constant acquisition and mergers plus rising R&D spending toward product efficiency, durability, and versatility by major industrial participants are

further projected influence the industry growth. Reasonably compact size and operational flexibility coupled with rapid start & lower warm up time are some of the protruding features improving the open cycle combustion turbine market statistics. Offshore And Onshore sectors find a diverse applicability of turbines across direct and mechanical drive. For instance, in 2018, GE

introduced ‘cross-fleet gas turbine’ that increases performance and reliability of OEM fleets. Mounting installation in aircraft sector due its great

competence& light weight plus cumulative electricity demand throughout offshore establishments will confidently influence the product demand.

Eminent market participants involved in this marketplace are General

Electric, Mitsubishi Hitachi Power Systems, BHEL, Siemens AG, Man Diesel &

Turbo, NPO Saturn, Kawasaki Heavy Industries, Solar Turbines, Capstone Turbine, Vericor Power Systems, AnsaldoEnergia, Zorya-Mashproekt and Cryosta.Opra Turbines, Wartsila, and Harbin Electric International Company among others.

Market Segmentation By Capacity Type

• 500 kW to 1 MW

• 1 MW to 30 MW

• < 50 kW

• 50 kW to 500 kW

• 70 MW to 200 MW

• >30 MW to 70 MW

• 200 MW

By Product Type

• Heavy Duty

• Aero-Derivative

By Technology Type

• Combined Cycle

• Open Cycle

By Application Type

• Process Plants

• Power Plants

• Oil & Gas

• Aviation

• Marine

• Others

By Geography

• North America

• Europe

• Asia Pacific

• Middle East & Africa

• Latin America

TABLE OF CONTENT Chapter 1. Introduction

1.1. Research Objective 1.2. Scope of the Study 1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach 2.2. Data Sources

2.3. Assumptions & Limitations Chapter 3. Executive Summary 3.1. Market Snapshot

Chapter 4. Market Variables and Scope 4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics 5.1.1. Market Drivers 5.1.2. Market Restraints 5.1.3. Market Opportunities 5.2. Porter’s Five Forces Analysis 5.2.1. Bargaining power of suppliers 5.2.2. Bargaining power of buyers 5.2.3. Threat of substitute

5.2.4. Threat of new entrants 5.2.5. Degree of competition Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis 6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape 6.1.3.1. List of Suppliers 6.1.3.2. List of Buyers

Chapter 7. Global Gas Turbine Market, By Capacity

7.1. Gas Turbine Market, by Capacity Type, 2020-2027 7.1.1. > 500 kW to 1 MW

7.1.1.1. Market Revenue and Forecast (2016-2027) 7.1.2. > 1 MW to 30 MW

7.1.2.1. Market Revenue and Forecast (2016-2027) 7.1.3. < 50 kW

7.1.3.1. Market Revenue and Forecast (2016-2027) 7.1.4. 50 kW to 500 kW

7.1.4.1. Market Revenue and Forecast (2016-2027) 7.1.5. > 70 MW to 200 MW

7.1.5.1. Market Revenue and Forecast (2016-2027) 7.1.6. >30 MW to 70 MW

7.1.6.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Gas Turbine Market, By Product

8.1. Gas Turbine Market, by Product, 2020-2027 8.1.1. Heavy Duty

8.1.1.1. Market Revenue and Forecast (2016-2027) 8.1.2. Aero-Derivative

8.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Gas Turbine Market, By Technology Type

9.1. Gas Turbine Market, by Technology Type, 2020-2027 9.1.1. Combined Cycle

9.1.1.1. Market Revenue and Forecast (2016-2027) 9.1.2. Open Cycle

9.1.2.1. Market Revenue and Forecast (2016-2027) Chapter 10. Global Gas Turbine Market, By Application

10.1. Gas Turbine Market, by Application, 2020-2027 10.1.1. Process Plants

10.1.1.1. Market Revenue and Forecast (2016-2027) 10.1.2. Power Plants

10.1.2.1. Market Revenue and Forecast (2016-2027) 10.1.3. Oil & Gas

10.1.3.1. Market Revenue and Forecast (2016-2027) 10.1.4. Aviation

10.1.4.1. Market Revenue and Forecast (2016-2027) 10.1.5. Marine

10.1.5.1. Market Revenue and Forecast (2016-2027) 10.1.6. Others

10.1.6.1. Market Revenue and Forecast (2016-2027)

Chapter 11. Global Gas Turbine Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Capacity (2016-2027) 11.1.2. Market Revenue and Forecast, by Product (2016-2027)

11.1.3. Market Revenue and Forecast, by Technology Type (2016-2027)

11.1.4. Market Revenue and Forecast, by Application (2016-2027) 11.1.5. U.S.

11.1.5.1. Market Revenue and Forecast, by Capacity (2016-2027) 11.1.5.2. Market Revenue and Forecast, by Product (2016-2027)

11.1.5.3. Market Revenue and Forecast, by Technology Type (2016-2027) 11.1.5.4. Market Revenue and Forecast, by Application (2016-2027) 11.1.6. Rest of North America

11.1.6.1. Market Revenue and Forecast, by Capacity (2016-2027) 11.1.6.2. Market Revenue and Forecast, by Product (2016-2027)

11.1.6.3. Market Revenue and Forecast, by Technology Type (2016-2027) 11.1.6.4. Market Revenue and Forecast, by Application (2016-2027) 11.2. Europe

11.2.1. Market Revenue and Forecast, by Capacity (2016-2027) 11.2.2. Market Revenue and Forecast, by Product (2016-2027)

11.2.3. Market Revenue and Forecast, by Technology Type (2016-2027) 11.2.4. Market Revenue and Forecast, by Application (2016-2027) 11.2.5. UK

11.2.5.1. Market Revenue and Forecast, by Capacity (2016-2027) 11.2.5.2. Market Revenue and Forecast, by Product (2016-2027)

11.2.5.3. Market Revenue and Forecast, by Technology Type (2016-2027) 11.2.5.4. Market Revenue and Forecast, by Application (2016-2027) 11.2.6. Germany

11.2.6.1. Market Revenue and Forecast, by Capacity (2016-2027) 11.2.6.2. Market Revenue and Forecast, by Product (2016-2027)

11.2.6.3. Market Revenue and Forecast, by Technology Type (2016-2027) 11.2.6.4. Market Revenue and Forecast, by Application (2016-2027) 11.2.7. France

11.2.7.1. Market Revenue and Forecast, by Capacity (2016-2027) 11.2.7.2. Market Revenue and Forecast, by Product (2016-2027)

11.2.7.3. Market Revenue and Forecast, by Technology Type (2016-2027) 11.2.7.4. Market Revenue and Forecast, by Application (2016-2027) 11.2.8. Rest of Europe

11.2.8.1. Market Revenue and Forecast, by Capacity (2016-2027) 11.2.8.2. Market Revenue and Forecast, by Product (2016-2027)

11.2.8.3. Market Revenue and Forecast, by Technology Type (2016-2027) 11.2.8.4. Market Revenue and Forecast, by Application (2016-2027) 11.3. APAC

11.3.1. Market Revenue and Forecast, by Capacity (2016-2027) 11.3.2. Market Revenue and Forecast, by Product (2016-2027)

11.3.3. Market Revenue and Forecast, by Technology Type (2016-2027) 11.3.4. Market Revenue and Forecast, by Application (2016-2027) 11.3.5. India

11.3.5.1. Market Revenue and Forecast, by Capacity (2016-2027) 11.3.5.2. Market Revenue and Forecast, by Product (2016-2027)

11.3.5.3. Market Revenue and Forecast, by Technology Type (2016-2027) 11.3.5.4. Market Revenue and Forecast, by Application (2016-2027) 11.3.6. China

11.3.6.1. Market Revenue and Forecast, by Capacity (2016-2027) 11.3.6.2. Market Revenue and Forecast, by Product (2016-2027)

11.3.6.3. Market Revenue and Forecast, by Technology Type (2016-2027) 11.3.6.4. Market Revenue and Forecast, by Application (2016-2027) 11.3.7. Japan

11.3.7.1. Market Revenue and Forecast, by Capacity (2016-2027) 11.3.7.2. Market Revenue and Forecast, by Product (2016-2027)

11.3.7.3. Market Revenue and Forecast, by Technology Type (2016-2027) 11.3.7.4. Market Revenue and Forecast, by Application (2016-2027) 11.3.8. Rest of APAC

11.3.8.1. Market Revenue and Forecast, by Capacity (2016-2027) 11.3.8.2. Market Revenue and Forecast, by Product (2016-2027)

11.3.8.3. Market Revenue and Forecast, by Technology Type (2016-2027) 11.3.8.4. Market Revenue and Forecast, by Application (2016-2027) 11.4. MEA

11.4.1. Market Revenue and Forecast, by Capacity (2016-2027) 11.4.2. Market Revenue and Forecast, by Product (2016-2027)

11.4.3. Market Revenue and Forecast, by Technology Type (2016-2027) 11.4.4. Market Revenue and Forecast, by Application (2016-2027) 11.4.5. GCC

11.4.5.1. Market Revenue and Forecast, by Capacity (2016-2027) 11.4.5.2. Market Revenue and Forecast, by Product (2016-2027)

11.4.5.3. Market Revenue and Forecast, by Technology Type (2016-2027) 11.4.5.4. Market Revenue and Forecast, by Application (2016-2027) 11.4.6. North Africa

11.4.6.1. Market Revenue and Forecast, by Capacity (2016-2027) 11.4.6.2. Market Revenue and Forecast, by Product (2016-2027)

11.4.6.3. Market Revenue and Forecast, by Technology Type (2016-2027) 11.4.6.4. Market Revenue and Forecast, by Application (2016-2027) 11.4.7. South Africa

11.4.7.1. Market Revenue and Forecast, by Capacity (2016-2027) 11.4.7.2. Market Revenue and Forecast, by Product (2016-2027)

11.4.7.3. Market Revenue and Forecast, by Technology Type (2016-2027) 11.4.7.4. Market Revenue and Forecast, by Application (2016-2027) 11.4.8. Rest of MEA

11.4.8.1. Market Revenue and Forecast, by Capacity (2016-2027) 11.4.8.2. Market Revenue and Forecast, by Product (2016-2027)

11.4.8.3. Market Revenue and Forecast, by Technology Type (2016-2027) 11.4.8.4. Market Revenue and Forecast, by Application (2016-2027) 11.5. Latin America

11.5.1. Market Revenue and Forecast, by Capacity (2016-2027) 11.5.2. Market Revenue and Forecast, by Product (2016-2027)

11.5.3. Market Revenue and Forecast, by Technology Type (2016-2027) 11.5.4. Market Revenue and Forecast, by Application (2016-2027) 11.5.5. Brazil

11.5.5.1. Market Revenue and Forecast, by Capacity (2016-2027) 11.5.5.2. Market Revenue and Forecast, by Product (2016-2027)

11.5.5.3. Market Revenue and Forecast, by Technology Type (2016-2027) 11.5.5.4. Market Revenue and Forecast, by Application (2016-2027) 11.5.6. Rest of LATAM

11.5.6.1. Market Revenue and Forecast, by Capacity (2016-2027) 11.5.6.2. Market Revenue and Forecast, by Product (2016-2027)

11.5.6.3. Market Revenue and Forecast, by Technology Type (2016-2027) 11.5.6.4. Market Revenue and Forecast, by Application (2016-2027) Chapter 12. Company Profiles

12.1. Wartsila

12.1.1. Company Overview 12.1.2. Product Offerings 12.1.3. Financial Performance 12.1.4. Recent Initiatives 12.2. BHEL

12.2.1. Company Overview 12.2.2. Product Offerings 12.2.3. Financial Performance 12.2.4. Recent Initiatives

12.3. Mitsubishi Hitachi Power Systems 12.3.1. Company Overview

12.3.2. Product Offerings 12.3.3. Financial Performance 12.3.4. Recent Initiatives

12.4. Harbin Electric International Company 12.4.1. Company Overview

12.4.2. Product Offerings 12.4.3. Financial Performance 12.4.4. Recent Initiatives 12.5. Siemens AG

12.5.1. Company Overview 12.5.2. Product Offerings 12.5.3. Financial Performance 12.5.4. Recent Initiatives 12.6. Man Diesel & Turbo 12.6.1. Company Overview 12.6.2. Product Offerings 12.6.3. Financial Performance 12.6.4. Recent Initiatives 12.7. General Electric 12.7.1. Company Overview 12.7.2. Product Offerings 12.7.3. Financial Performance 12.7.4. Recent Initiatives 12.8. NPO Saturn

12.8.1. Company Overview 12.8.2. Product Offerings 12.8.3. Financial Performance 12.8.4. Recent Initiatives

12.9. Kawasaki Heavy Industries 12.9.1. Company Overview 12.9.2. Product Offerings 12.9.3. Financial Performance 12.9.4. Recent Initiatives 12.10. Solar Turbines

12.10.1. Company Overview 12.10.2. Product Offerings 12.10.3. Financial Performance 12.10.4. Recent Initiatives 12.11. Capstone Turbine 12.11.1. Company Overview 12.11.2. Product Offerings 12.11.3. Financial Performance 12.11.4. Recent Initiatives 12.12. Vericor Power Systems 12.12.1. Company Overview 12.12.2. Product Offerings 12.12.3. Financial Performance 12.12.4. Recent Initiatives 12.13. Cryosta

12.13.1. Company Overview 12.13.2. Product Offerings

12.13.3. Financial Performance 12.13.4. Recent Initiatives 12.14. AnsaldoEnergia 12.14.1. Company Overview 12.14.2. Product Offerings 12.14.3. Financial Performance 12.14.4. Recent Initiatives 12.15. Opra Turbines

12.15.1. Company Overview 12.15.2. Product Offerings 12.15.3. Financial Performance 12.15.4. Recent Initiatives 12.16. Zorya-Mashproekt 12.16.1. Company Overview 12.16.2. Product Offerings 12.16.3. Financial Performance 12.16.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research 13.2. Secondary Research 13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Buy this Premium Research Report, Click Here@

https://www.precedenceresearch.com/checkout/1021 About Us

Precedence Research is a worldwide market research and consulting

organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has

expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged

to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semiconductors, chemicals, automotive, and aerospace & defense, among different ventures, present globally.

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Blog: https://precedenceresearchnews.wordpress.com

ET Auto | Latest Automobiles & Auto Industry Information and Updates