According to the report, the Gas Turbine market is predicted to achieve USD 31,527 million by 2026. This report examines the status quo and projections of the global Gas Turbine market and analyzes the Gas Turbine market by manufacturer, type, application, and region. This report focuses on top manufacturers in North America, Europe, Japan, China, India, Southeast Asia, and other regions (Central and South America, Middle East and Africa).
Market Summary
Overview:
A gas turbine is a combustion engine that can convert natural gas or other liquid fuels to mechanical energy. This energy then drives a generator that produces electrical energy. It is electrical energy that moves along power lines to homes and businesses.
The Gas Turbine market report covers the leading players in the market and analyzes their key strategies. Leading players in this market include General Electric, Siemens AG, Wartsila, Mitsubishi Hitachi Power Systems, BHEL, Kawasaki Heavy Industries, Ansaldo Energia, Solar Turbines, Vericor Power Systems, Opra Turbines, Man Diesel & Turbo, Capstone Turbine, Cryostar, NPO Saturn, Harbin Electric International Company, Zorya-Mashproekt, etc.
The prominent market players maintain the competitive edge in the global market by making investments in the mergers and acquisitions and by increasing their product portfolio.
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Value:
It is estimated that the total market value of the Gas Turbine global market is poised to reach USD 31,527 million in 2026 from USD 23,012 million in 2019, with a CAGR of 4.6%.
Facilitating and Limiting Factors:
The Gas Turbine market is expected to register substantial growth in the coming years, owing to the increasing demand for natural gas-fired power plants, rising demand for electricity, and the enhanced efficiency and robustness of gas turbines. In addition, rising investment towards the replacement of conventional electricity generating technologies with advance gas-fired generating stations to curb emissions will also positively influence market growth. Yet, the key factor which is expected to impede the growth of the Gas Turbine market is an increasing demand for renewable energy such as wind and solar energy.
The global Gas Turbine market is broadly divided based on type, application, and region:
By type - < 50 KW, 50 KW to 500 KW, 500 KW to 1 MW, 1 MW to 30 MW, 30 MW to 70 MW, 70 MW to 200 MW, >200 MW
By application - Power Plants, Oil, Gas, Process plants, Aviation, Marine
By region - North America, Asia-Pacific, Europe, Latin America, Middle East, and Africa, Others
In 2018, the Gas Turbine Global market was mainly concentrated in the three regions of Asia-Pacific, Europe, and North America. Asia-Pacific held the largest market share of 36% in 2018 and is expected to show growth in the following years. Favorable government support, growing electricity demand, and the rapid expansion of industrial and infrastructure development activities are factors propelling the growth of the market in this region. North America is currently leading Europe with a market share of 32% and 22%.
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Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Gas Turbine Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Gas Turbine Market by Types
4 Segmentation of Gas Turbine Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Gas Turbine Market in Major Countries
7 North America Gas Turbine Landscape Analysis
8 Europe Gas Turbine Landscape Analysis
9 Asia Pacific Gas Turbine Landscape Analysis
10 Latin America, Middle East & Africa Gas Turbine Landscape Analysis
11 Major Players Profile
11.1 General Electric
11.1.1 General Electric Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Siemens AG
11.3 Wartsila
11.4 Mitsubishi Hitachi Power Systems
11.5 BHEL
11.6 Kawasaki Heavy Industries
11.7 Ansaldo Energia
11.8 Solar Turbines
11.9 Vericor Power Systems
11.10 Opra Turbines
11.11 Man Diesel & Turbo
11.12 Capstone Turbine
11.13 Cryostar
11.14 NPO Saturn
11.15 Harbin Electric International Company
11.16 Zorya-Mashproekt
…
Audience:
l Gas Turbine manufacturers
l Gas Turbine importers and exporters
l Gas Turbine traders, distributors, and suppliers
l Raw material suppliers of Gas Turbine
l Gas Turbine industry associations
l Product managers, Gas Turbine industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
What Information does this report contain?
l The report covers the prediction and analysis of the global Gas Turbine market at the global and regional levels.
l The report includes drivers and constraints that affect market growth.
l Discussed details about market opportunities
l The assessments for the regional market layout characteristics in the world.
l The report includes detailed company profiles for prominent market participants.
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