Global Gas Turbines Market: Industry Analysis, Share, & Forecast

Posted on 2018-08-27 by Goldstein Research in Energy // 0 Comments

New York, USA, 2018-Aug-27 — /EPR Network/ —According to Goldstein Research, global gas turbines market is expected to reach USD 22.43 billion by 2024 from USD 16.84 billion in 2016, growing at a CAGR of 3.65% over the forecast period 2016-2024. The increasing demand for hybrid or distributed power generation is fuelling the growth of the global gas turbines market. Global gas turbines market segmentation has been done on the basis of technology, product type, rating capacity, applications, end user and geography.

Based on product type, heavy-duty gas turbines is the dominating segment owing to its huge acceptance in high power generating plants and held over 78% of the global gas turbines market in 2016. Global gas turbines market is largely dominated by Asia Pacific which is projected to grow at a CAGR of 9.0% during the forecast period, owing to the increasing electricity demand in the region coupled with the rising number of energy projects to replace coal-based plants with renewable resource-based plants.

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Market Segmentation

On the basis of our in-depth analysis, Global Gas Turbines Market can be segmented as follows:

Based on Technology

Open Cycle
Combined Cycle

Based on Product Type

Heavy Duty
Aero-derivative

By Rating Capacity

Less than 40 MW
40–120 MW
120–300 MW
Above 300 MW

Based on Applications

Power Generation
Transportation
Others

Based on End User

Oil & Gas
Industrial
Marine
Aviation

By Region

North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Global Gas Turbines Market Outlook 2024” contains the detailed overview of the global gas turbines market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by technology, product type, rating capacity, applications and end user.

Further, for the in-depth analysis, Global Gas Turbines Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market research reports also includes competitive outlook of some of the major players profiling of companies such as Ansaldo Energia, GE, Kawasaki, MHPS, Siemens, Solar Turbines, Motor Sich, MAN Diesel and Turbo, Niigata Power Systems, OPRA Turbines, Power Machines, Allison Engine Company, Avio, International Aero Engines, MTU Aero Engines, Price Induction, Ruston, Snecma, Solar Turbines, Turbomeca, Zorya-Mashproekt, Bharat Heavy Electricals, Toshiba, Mitsubishi Hitachi Power Systems, Alstom S.A., etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the gas turbines market share along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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