Aeroderivative Gas Turbine Market Revenue to close at USD 4.79 billion by 2027
Posted On August 04, 2021
The Global Aeroderivative Gas Turbine Market is foreseen to grow at a remarkable CAGR of 8.5% during the year 2021-2027 as estimated by the report from Value Market Research wherein the market value is expected to grow to USD 4.79 billion by 2027. The market is experiencing fast paced growth owing to increasing usage in advanced aircraft engine technologies. Owing to highly efficient equipment, aeroderivative gas turbine is used in onshore and offshore mechanical drive and power generation is driving the market growth. Also, owing to its operational and economical benefits, aeroderivative gas turbine is widely adopted in across end-use industries. However, relatively high initial cost of the product is likely to hinder the market growth.
An aero-derivative gas turbine is a lightweight gas turbine that uses a mixture of fuel and air to achieve the desired output. It is the popular choice for small-scale power generation owing to its better flexibility, efficiency and reliability, high power technology, and low emission. It is generally used in the areas where a small footprint and lightweight equipment are needed. Aeroderivative gas turbines are widely used in electrical power application across aviation, oil & gas, marine and other end-user industries.
The geographical and segmentation study covered in the report "Global Aeroderivative Gas Turbine Market Report By Capacity (≤ 18 MW And > 18 MW), By Product (Combined Cycle And Open Cycle), By Application (Oil & Gas, Aviation, Power Generation, Marine, Industrial And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" helps in understanding the upcoming trends of the market.
On the basis of capacity the market is segmented into Below 500kW, 500kW to 1MW, 1MW to 30MW, 30MW to 70MW, Above 70MW. By technology the aeroderivative gas turbine market is categorised as Open Cycle, Combined Cycle. By application the aeroderivative gas turbine market is categorised as Power Plants, Oil & Gas, Process Plants, Aviation, Marine, Others. Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. This section provides the estimates of market by segment, thus providing valuable data to take strategic decisions.
The Report Segments Global Aeroderivative Gas Turbine Market -
- Below 500kW
- 500kW to 1MW
- 1MW to 30MW
- 30MW to 70MW
- Above 70MW
- Open Cycle
- Combined Cycle
- Power Plants
- Oil & Gas
- Process Plants
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
General Electric (GE), Mitsubishi Hitachi, Siemens, Wärtsilä, Kawasaki, Solar Turbines, Opra Turbines, BHEL, MAN Diesel, Harbin, Vericor, and Capstone.
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