Machinery & Equipment Desk

Gas Turbine Market Size, Share, Growth, Production, Consumption and Forecast 2019 to 2026

Pressmeddelande   •   Feb 10, 2020 16:58 CET

The ​Gas Turbine market size was valued at 14300 Million US$ in 2018 and is projected to reach 29510 Million US$ by 2026, at a CAGR of 10.7% during the forecast period 2019 to 2026.

A gas turbine engine is a type of internal combustion engine. Essentially, the engine can be viewed as an energy conversion device that converts energy stored in the fuel to useful mechanical energy in the form of rotational power. The term “gas” refers to the ambient air that is taken into the engine and used as the working medium in the energy conversion process.

Gas Turbine is a continuous flow of high speed rotating Gas as working medium to drive the impeller and the fuel energy into useful work of internal combustion power machinery, is a kind of rotating impeller type heat engine.

Thereasing demand for natural gas-fired power plants, rising demand for electricity, reduction in emissions of carbon dioxide, and availability of efficient power technology are driving the gas turbines market.

The USA held the largest share in the global market, its revenue of global market exceeds 59% in 2018.

Asia-Pacific is the largest consumption region of Gas Turbine market; its consumption of global market exceeds 42% in 2018.

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The Gas Turbine market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Gas Turbine market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Gas Turbine market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Gas Turbine market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Gas Turbine market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Gas Turbine market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Gas Turbine market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

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Overall, this is an in-depth research report specifically for the Gas Turbine industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Gas Turbine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Gas Turbine market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Gas Turbine market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Gas Turbine market. These factors have benefited the growth of the global market for Gas Turbine. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Gas Turbine. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

BHEL

Centrax

Vericor Power

Zorya

Ansaldo

GE

Harbin Electric

Kawasaki Heavy Industries

MAN Diesel

MHPS

OPRA

Siemens

Solar Turbines

Segmentation

Market Segment by Product Type

  • Light Duty Type
  • Aeroderivative Type
  • Heavy Duty Type

Market Segment by Application

  • Power Generation
  • Oil & Gas
  • Other

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Gas Turbines in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

In this study, the years considered to estimate the market size of Gas Turbine are as follows:

  • History Year: 2015-2018
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Year 2019 to 2026

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Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2014-2018) and forecast (2019-2026);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Contents

1 Report Overview
1.1 Research Scope
1.2 Major Manufacturers Covered in This Report
1.3 Market Segment by Type
1.3.1 Global Gas Turbine Market Size Growth Rate by Type
1.3.2 Light Duty Type
1.3.3 Aeroderivative Type
1.3.4 Heavy Duty Type
1.4 Market Segment by Application
1.4.1 Global Gas Turbine Market Share by Application (2018-2026)
1.4.2 Power Generation
1.4.3 Oil & Gas
1.4.4 Other
1.5 Study Objectives
1.6 Years Considered

2 Global Growth Trends
2.1 Production and Capacity Analysis
2.1.1 Global Gas Turbine Production Value 2015-2026
2.1.2 Global Gas Turbine Production 2015-2026
2.1.3 Global Gas Turbine Capacity 2015-2026
2.1.4 Global Gas Turbine Marketing Pricing and Trends
2.2 Key Producers Growth Rate (CAGR) 2019-2026
2.2.1 Global Gas Turbine Market Size CAGR of Key Regions
2.2.2 Global Gas Turbine Market Share of Key Regions
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers

3 Market Share by Manufacturers
3.1 Capacity and Production by Manufacturers
3.1.1 Global Gas Turbine Capacity by Manufacturers
3.1.2 Global Gas Turbine Production by Manufacturers
3.2 Revenue by Manufacturers
3.2.1 Gas Turbine Revenue by Manufacturers (2015-2019)
3.2.2 Gas Turbine Revenue Share by Manufacturers (2015-2019)
3.2.3 Global Gas Turbine Market Concentration Ratio (CR5 and HHI)
3.3 Gas Turbine Price by Manufacturers
3.4 Key Manufacturers Gas Turbine Plants/Factories Distribution and Area Served
3.5 Date of Key Manufacturers Enter into Gas Turbine Market
3.6 Key Manufacturers Gas Turbine Product Offered
3.7 Mergers & Acquisitions, Expansion Plans

4 Market Size by Type
4.1 Production and Production Value for Each Type
4.1.1 Light Duty Type Production and Production Value (2015-2019)
4.1.2 Aeroderivative Type Production and Production Value (2015-2019)
4.1.3 Heavy Duty Type Production and Production Value (2015-2019)
4.2 Global Gas Turbine Production Market Share by Type
4.3 Global Gas Turbine Production Value Market Share by Type
4.4 Gas Turbine Ex-factory Price by Type

5 Market Size by Application
5.1 Overview
5.2 Global Gas Turbine Consumption by Application

6 Production by Regions
6.1 Global Gas Turbine Production (History Data) by Regions 2015-2019
6.2 Global Gas Turbine Production Value (History Data) by Regions
6.3 United States
6.3.1 United States Gas Turbine Production Growth Rate 2015-2019
6.3.2 United States Gas Turbine Production Value Growth Rate 2015-2019
6.3.3 Key Players in United States
6.3.4 United States Gas Turbine Import & Export
6.4 Europe
6.4.1 Europe Gas Turbine Production Growth Rate 2015-2019
6.4.2 Europe Gas Turbine Production Value Growth Rate 2015-2019
6.4.3 Key Players in Europe
6.4.4 Europe Gas Turbine Import & Export
6.5 China
6.5.3 Key Players in China
6.5.2 China Gas Turbine Production Value Growth Rate 2015-2019
6.5.3 Key Players in China
6.5.4 China Gas Turbine Import & Export
6.6 Japan
6.6.1 Japan Gas Turbine Production Growth Rate 2015-2019
6.6.2 Japan Gas Turbine Production Value Growth Rate 2015-2019
6.6.3 Key Players in Japan
6.6.4 Japan Gas Turbine Import & Export
6.7 Other Regions
6.7.1 South Korea
6.7.2 India
6.7.3 Southeast Asia

7 Gas Turbine Consumption by Regions
7.1 Global Gas Turbine Consumption (History Data) by Regions
7.2 North America
7.2.1 North America Gas Turbine Consumption by Type
7.2.2 North America Gas Turbine Consumption by Application
7.2.3 North America Gas Turbine Consumption by Countries
7.2.4 United States
7.2.5 Canada
7.2.6 Mexico
7.3 Europe
7.3.1 Europe Gas Turbine Consumption by Type
7.3.2 Europe Gas Turbine Consumption by Application
7.3.3 Europe Gas Turbine Consumption by Countries
7.3.4 Germany
7.3.5 France
7.3.6 UK
7.3.7 Italy
7.3.8 Russia
7.4 Asia Pacific
7.4.1 Asia Pacific Gas Turbine Consumption by Type
7.4.2 Asia Pacific Gas Turbine Consumption by Application
7.4.3 Asia Pacific Gas Turbine Consumption by Countries
7.4.4 China
7.4.5 Japan
7.4.6 Korea
7.4.7 India
7.4.8 Australia
7.4.9 Indonesia
7.4.10 Thailand
7.4.11 Malaysia
7.4.12 Philippines
7.4.13 Vietnam
7.5 Central & South America
7.5.1 Central & South America Gas Turbine Consumption by Type
7.5.2 Central & South America Gas Turbine Consumption by Application
7.5.3 Central & South America Gas Turbine Consumption by Countries
7.5.4 Brazil
7.6 Middle East and Africa
7.6.1 Middle East and Africa Gas Turbine Consumption by Type
7.6.2 Middle East and Africa Gas Turbine Consumption by Application

8 Company Profiles
8.1 GE
8.1.1 GE Company Details
8.1.2 Company Description and Business Overview
8.1.3 Production and Revenue of Gas Turbine
8.1.4 Gas Turbine Product Introduction
8.1.5 GE Recent Development
8.2 Siemens
8.2.1 Siemens Company Details
8.2.2 Company Description and Business Overview
8.2.3 Production and Revenue of Gas Turbine
8.2.4 Gas Turbine Product Introduction
8.2.5 Siemens Recent Development
8.3 MHPS
8.3.1 MHPS Company Details
8.3.2 Company Description and Business Overview
8.3.3 Production and Revenue of Gas Turbine
8.3.4 Gas Turbine Product Introduction
8.3.5 MHPS Recent Development
8.4 Ansaldo
8.4.1 Ansaldo Company Details
8.4.2 Company Description and Business Overview
8.4.3 Production and Revenue of Gas Turbine
8.4.4 Gas Turbine Product Introduction
8.4.5 Ansaldo Recent Development
8.5 Kawasaki
8.5.1 Kawasaki Company Details
8.5.2 Company Description and Business Overview
8.5.3 Production and Revenue of Gas Turbine
8.5.4 Gas Turbine Product Introduction
8.5.5 Kawasaki Recent Development
8.6 Solar Turbines
8.6.1 Solar Turbines Company Details
8.6.2 Company Description and Business Overview
8.6.3 Production and Revenue of Gas Turbine
8.6.4 Gas Turbine Product Introduction
8.6.5 Solar Turbines Recent Development
8.7 MAN Energy
8.7.1 MAN Energy Company Details
8.7.2 Company Description and Business Overview
8.7.3 Production and Revenue of Gas Turbine
8.7.4 Gas Turbine Product Introduction
8.7.5 MAN Energy Recent Development
8.8 BHEL
8.8.1 BHEL Company Details
8.8.2 Company Description and Business Overview
8.8.3 Production and Revenue of Gas Turbine
8.8.4 Gas Turbine Product Introduction
8.8.5 BHEL Recent Development

9 Market Forecast: Production Side
9.1 Production and Production Value Forecast
9.1.1 Global Gas Turbine Capacity, Production Forecast 2019-2026
9.1.2 Global Gas Turbine Production Value Forecast 2019-2026
9.2 Gas Turbine Production and Production Value Forecast by Regions
9.2.1 Global Gas Turbine Production Value Forecast by Regions
9.2.2 Global Gas Turbine Production Forecast by Regions
9.3 Gas Turbine Key Producers Forecast
9.3.1 United States
9.3.2 Europe
9.3.3 China
9.3.4 Japan
9.3.5 Other Regions
9.4 Forecast by Type
9.4.1 Global Gas Turbine Production Forecast by Type
9.4.2 Global Gas Turbine Production Value Forecast by Type

10 Market Forecast: Consumption Side
10.1 Consumption Forecast by Application
10.2 Gas Turbine Consumption Forecast by Regions
10.3 North America Market Consumption Forecast
10.3.1 North America Gas Turbine Consumption Forecast by Countries 2019-2026
10.3.2 United States
10.3.3 Canada
10.3.4 Mexico
10.4 Europe Market Consumption Forecast
10.4.1 Europe Gas Turbine Consumption Forecast by Countries 2019-2026
10.4.2 Germany
10.4.3 France
10.4.4 UK
10.4.5 Italy
10.4.6 Russia
10.5 Asia Pacific Market Consumption Forecast
10.5.1 Asia Pacific Gas Turbine Consumption Forecast by Countries 2019-2026
10.5.2 China
10.5.3 Japan
10.5.4 Korea
10.5.5 India
10.5.6 Australia
10.5.7 Indonesia
10.5.8 Thailand
10.5.9 Malaysia
10.5.10 Philippines
10.5.11 Vietnam
10.6 Central & South America Market Consumption Forecast
10.6.1 Central & South America Gas Turbine Consumption Forecast by Country 2019-2026
10.6.2 Brazil
10.7 Middle East and Africa Market Consumption Forecast
10.7.1 Middle East and Africa Gas Turbine Consumption Forecast by Countries 2019-2026
10.7.2 Middle East and Africa
10.7.3 GCC Countries
10.7.4 Egypt
10.7.5 South Africa

11 Value Chain and Sales Channels Analysis
11.1 Value Chain Analysis
11.2 Sales Channels Analysis
11.2.1 Gas Turbine Sales Channels
11.2.2 Gas Turbine Distributors
11.3 Gas Turbine Customers

12 Opportunities & Challenges, Threat and Affecting Factors
12.1 Market Opportunities
12.2 Market Challenges
12.3 Porter's Five Forces Analysis

13 Key Findings

14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer

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