Gas Turbine Market - Global Industry Analysis, Trends, Consumption, Revenue and Forecast 2020 - 2027

The new research study on the global gas turbine market published by Precedence Research presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as structure of the market. Our study offers valuable information on the global gas turbine market to illustrate how growth would discern during the forecast period of 2020 to 2027.

The global gas turbine market was estimated at US$ 5.89 billion in 2019 and expected to reach around US$ 12.03 billion by 2027, predicted to record compound annual growth rate (CAGR) of around 7.4% during period 2020 to 2027.

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.

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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.

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

Key indicators of market growth, which include value chain analysis as well as supply chain analysis and compounded annual growth rate (CAGR), have been elucidated in our study in a comprehensive manner. This data can help readers interpret quantitative growth aspects of the global market during the forecast period.

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The report offers intricate dynamics about different aspects of the global gas turbine market, which aids companies operating in the market in making strategic decisions. Our study also elaborates on the significant changes that are anticipated to configure growth of the global market during the forecast period. It also includes key indicator assessment that highlights growth prospects for the gas turbine market and estimates statistics related to the market in terms of volume (MW) and value (US$ Mn).

An extensive analysis of leading market players’ business strategies has also been featured in our study on the global gas turbine market. This can help readers understand principal factors to foresee the growth of the global gas turbine market. In this study, readers can also find specific data on avenues for qualitative and quantitative growth of the global market, which would guide market players in making apt decisions in the near future.

This study covers detailed segmentation of the global gas turbine market along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the global market, wherein various developments, expansions, and winning strategies practiced by these players have been presented in detail.

This study covers detailed segmentation of the gas turbine market along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the market, wherein various developments, expansions, and winning strategies practiced by these players have been presented in detail.

Some of the noteworthy players in the Gas Turbine market include:

• Wartsila
• BHEL
• Mitsubishi Hitachi Power Systems
• Harbin Electric International Company
• Siemens AG
• Man Diesel & Turbo
• General Electric
• NPO Saturn
• Kawasaki Heavy Industries
• Solar Turbines
• Capstone Turbine
• Vericor Power Systems
• Cryosta
• AnsaldoEnergia
• Opra Turbines
• Zorya-Mashproekt

Segments Covered in the Report

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
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Middle East & Africa
• Latin America

Key Questions Answered

The report provides detailed information about the global gas turbine market on the basis of comprehensive research on various factors that are playing a key role in accelerating the growth of the market. Information mentioned in the report answers path-breaking questions for companies that are currently operating in the global market and are looking for innovative methods to create a unique benchmark in the global market so as to help them design successful strategies and make target-driven decisions.

• Which segment of the global gas turbine market would emerge as a major revenue generator during the forecast period?
• Which region of the global gas turbine market would emerge as a major revenue generator during the forecast period?
• Which type segment of the global gas turbine market would emerge as a major revenue generator during the forecast period?
• How are key market players successfully earning revenues in the global gas turbine market?
• What would be the Y-o-Y growth trend of the market between 2020 and 2027?
• What are the winning imperatives of leading players operating in the market?
• Which factors are expected to hamper the market during the forecast period?
• What is the influence of changing trends on the market?

Research Methodology

The research methodology adopted by analysts for compiling the report on the global gas turbine market is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the global gas turbine market.

Secondary resources referred to by analysts during the production of the report on the global gas turbine market include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and market white papers. Analysts also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of study on the global gas turbine market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which served as a validation from leading players operating in the global gas turbine market. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global gas turbine market with accuracy. The study also uses the top-down approach to assess numbers for each segment and the bottom-up approach to counter-validate them. This has helped in making our estimates on future prospects of the global gas turbine market more reliable and accurate.

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

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