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, 2020-2027

ID:VMR11210321
June 2021
Report Formats:
Global Aeroderivative Gas Turbine Market Overview

Aeroderivative gas turbine is emerging as mainstream for an engine with advancement in design and growing R&D across industries. Initially, the aeroderivative gas turbine was known as a lighter weight variation of a gas turbine. Aeroderivative gas turbines emerged in the late 1960s with unique performance attributes compared to traditional industrial gas turbines. They are designed so that air and fuel are mixed and then ignited to attain the desired output. The primary features of an aeroderivative gas turbine are low mass and high efficiency. Other than these, aeroderivative gas turbine offers other vital benefits to industries. It could start up more quickly for peak and emergency electricity generation. Also, aeroderivative turbines offered lower weight in a smaller footprint, which is ideal for offshore platforms.
 
Furthermore, their higher efficiency, coupled with simplified installation and maintenance, saved money for pipeline operators. Aeroderivative gas turbines can convert 40 % of fuel energy into electricity when configured for cogeneration, and system efficiency can exceed 80 %, as far less of the fuel’s chemical energy is lost as unused heat. It is also being used to balance the integration of variable power sources, like wind and solar, into the electricity grid. 
According to Value Market Research, the global aeroderivative gas turbine market size was valued at about USD 2.71 billion in 2020 and is estimated to grow at a CAGR of around 8.5 % during the forecast period 2021 to 2027.
 
Demand for aeroderivative gas turbines is estimated to grow with rising investments towards power & heat generation facilities, increasing adoption of cutting-edge technologies, expanding renewable energy integration, and increased focus toward decentralized generation technologies. However, one of the major pitfalls for aero-derivative gas turbines is their relatively high initial cost and availability at more competitive prices. Due to particular end-use interests and many other complex technical, commercial, and market factors, aero-derivative gas turbines sum up to be high cost and with more competitive price. But after analyzing higher efficiency and total life, the cost of aero-derivative machines is much less than heavy industrial frame gas turbines.
 
The global aeroderivative gas turbine market is fragmented. The market consists of well-established vendors with strong brand value and expertise in large-scale handling projects. General Electric (GE), Mitsubishi Hitachi, Siemens, Wärtsilä, Kawasaki, Solar Turbines, Opra Turbines, BHEL, MAN Diesel, Harbin, Vericor, and Capstone are key players associated with the global aeroderivative gas turbine market. 

Global Aeroderivative Gas Turbine Market Share
 
In this research report, the aeroderivative gas turbine market is segmented by capacity, technology, application, and region. 
 
Analysis, By Capacity
By capacity, the global aeroderivative gas turbine market is segmented into below 500kW, 500kW to 1MW, 1MW to 30MW, 30MW to 70MW, and above 70MW. In 2020, 1MW to 30MW segment led the global aeroderivative gas turbine market. Aeroderivative gas turbine comes in various capacities. 1MW to 30MW is the most common range of aeroderivative gas turbines. They are proven performers in simple and combined-cycle operations for pure power generation, cogeneration, mechanical drive, and waste-to-power.
 
Analysis, By Technology
By technology, the global aeroderivative gas turbine market is segmented into an open cycle and a combined cycle. The open cycle and the combined cycle have their own merits and demerits. The combined cycle is anticipated to grow at a profitable rate and will remain dominant by the end of the forecast due to its advantages over open cycle technology. The combined cycle offers high efficiency, a high level of thermal efficiency, and more environmentally friendly compared to an open cycle driven aeroderivative gas turbine. It utilizes fossil fuels to deliver the cleanest and highest efficiency power generation.
 
Analysis, By Application
Based on application, the global aeroderivative gas turbine market is fragmented into power plants, oil & gas, process plants, aviation, marine, and others. Power plants and aviation acquired a more significant share in the global aeroderivative gas turbine market. Power plants and aviation mainly install aeroderivative gas turbines due to their precision requirements and superior features. It has seen greater acceptance due to the emergence of the lightweight trend and focuses on carbon emission reduction. Spurring R&D in aviation engine design, growing use of advanced aircraft engine technologies also add to the thriving segment growth. 
 
Analysis, By Region
Based on region, the aeroderivative gas turbine market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe and North America collectively acquire more than two-third of shares. These regions are blessed with the presence of many prominent vendors, are the base of many end-use industries, and the overall environment is favorable for healthy growth of the market. 
Europe and North America is a hub of power plants, process plants, aviation, and marine. They prefer and install an aeroderivative gas turbine for optimum performance and stunning results, and smooth functioning. 
 
Market Segmentation covered in the Report:
By Capacity
  • Below 500kW
  • 500kW to 1MW
  • 1MW to 30MW
  • 30MW to 70MW
  • Above 70MW
 
By Technology
  • Open Cycle
  • Combined Cycle
 
By Application
  • Power Plants
  • Oil & Gas
  • Process Plants
  • Aviation
  • Marine
  • Others
 
By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

METHODOLOGY

This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. 

If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.  

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . AERODERIVATIVE GAS TURBINE – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Capacity
           3.7.2 By Technology
           3.7.3 By Application
           3.7.4 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL AERODERIVATIVE GAS TURBINE MARKET ANALYSIS BY CAPACITY
       6.1 Overview by Capacity
       6.2 Historical and Forecast Data
       6.3 Analysis by Capacity
       6.4 Below 500kW Market by Regions
       6.5 500kW to 1MW Market by Regions
       6.6 1MW to 30MW Market by Regions
       6.7 30MW to 70MW Market by Regions
       6.8 Above 70MW Market by Regions
 
7 . GLOBAL AERODERIVATIVE GAS TURBINE MARKET ANALYSIS BY TECHNOLOGY
       7.1 Overview by Technology
       7.2 Historical and Forecast Data
       7.3 Analysis by Technology
       7.4 Open Cycle Market by Regions
       7.5 Combined Cycle Market by Regions
 
8 . GLOBAL AERODERIVATIVE GAS TURBINE MARKET ANALYSIS BY APPLICATION
       8.1 Overview by Application
       8.2 Historical and Forecast Data
       8.3 Analysis by Application
       8.4 Power Plants Market by Regions
       8.5 Oil & Gas Market by Regions
       8.6 Process Plants Market by Regions
       8.7 Aviation Market by Regions
       8.8 Marine Market by Regions
       8.9 Others Market by Regions
 
9 . GLOBAL AERODERIVATIVE GAS TURBINE MARKET ANALYSIS BY GEOGRAPHY
       9.1. Regional Outlook
       9.2. Introduction
       9.3. North America
           9.3.1. Overview, Historic and Forecast Data
           9.3.2. North America By Segment
           9.3.3. North America By Country
           9.3.4. United State
           9.3.5. Canada
           9.3.6. Mexico
       9.4. Europe
           9.4.1. Overview, Historic and Forecast Data
           9.4.2. Europe by Segment
           9.4.3. Europe by Country
           9.4.4. United Kingdom
           9.4.5. France
           9.4.6. Germany
           9.4.7. Italy
           9.4.8. Russia
           9.4.9. Rest Of Europe
       9.5. Asia Pacific
           9.5.1. Overview, Historic and Forecast Data
           9.5.2. Asia Pacific by Segment
           9.5.3. Asia Pacific by Country
           9.5.4. China
           9.5.5. India
           9.5.6. Japan
           9.5.7. South Korea
           9.5.8. Australia
           9.5.9. Rest Of Asia Pacific
       9.6. Latin America
           9.6.1. Overview, Historic and Forecast Data
           9.6.2. Latin America by Segment
           9.6.3. Latin America by Country
           9.6.4. Brazil
           9.6.5. Argentina
           9.6.6. Peru
           9.6.7. Chile
           9.6.8. Rest of Latin America
       9.7. Middle East & Africa
           9.7.1. Overview, Historic and Forecast Data
           9.7.2. Middle East & Africa by Segment
           9.7.3. Middle East & Africa by Country
           9.7.4. Saudi Arabia
           9.7.5. UAE
           9.7.6. Israel
           9.7.7. South Africa
           9.7.8. Rest Of Middle East And Africa
 
10 . COMPETITIVE LANDSCAPE OF THE AERODERIVATIVE GAS TURBINE COMPANIES
       10.1. Aeroderivative Gas Turbine Market Competition
       10.2. Partnership/Collaboration/Agreement
       10.3. Merger And Acquisitions
       10.4. New Product Launch
       10.5. Other Developments
 
11 . COMPANY PROFILES OF AERODERIVATIVE GAS TURBINE INDUSTRY
       11.1. Company Share Analysis
       11.2. Market Concentration Rate
       11.3. General Electric (GE)
           11.3.1. Company Overview
           11.3.2. Financials
           11.3.3. Products
           11.3.4. Recent Developments
       11.4. Mitsubishi Hitachi
           11.4.1. Company Overview
           11.4.2. Financials
           11.4.3. Products
           11.4.4. Recent Developments
       11.5. Siemens
           11.5.1. Company Overview
           11.5.2. Financials
           11.5.3. Products
           11.5.4. Recent Developments
       11.6. Wärtsilä
           11.6.1. Company Overview
           11.6.2. Financials
           11.6.3. Products
           11.6.4. Recent Developments
       11.7. Kawasaki
           11.7.1. Company Overview
           11.7.2. Financials
           11.7.3. Products
           11.7.4. Recent Developments
       11.8. Solar Turbines
           11.8.1. Company Overview
           11.8.2. Financials
           11.8.3. Products
           11.8.4. Recent Developments
       11.9. Opra Turbines
           11.9.1. Company Overview
           11.9.2. Financials
           11.9.3. Products
           11.9.4. Recent Developments
       11.10. BHEL
           11.10.1. Company Overview
           11.10.2. Financials
           11.10.3. Products
           11.10.4. Recent Developments
       11.11. MAN Diesel
           11.11.1. Company Overview
           11.11.2. Financials
           11.11.3. Products
           11.11.4. Recent Developments
       11.12. Harbin
           11.12.1. Company Overview
           11.12.2. Financials
           11.12.3. Products
           11.12.4. Recent Developments
       11.13. Vericor
           11.13.1. Company Overview
           11.13.2. Financials
           11.13.3. Products
           11.13.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Capacity (USD MN)
  •  Below 500kW Market by Geography (USD MN)
  •  500kW to 1MW Market by Geography (USD MN)
  •  1MW to 30MW Market by Geography (USD MN)
  •  30MW to 70MW Market by Geography (USD MN)
  •  Above 70MW Market by Geography (USD MN)
  •  Analysis Market by Technology (USD MN)
  •  Open Cycle Market by Geography (USD MN)
  •  Combined Cycle Market by Geography (USD MN)
  •  Analysis by Application (USD MN)
  •  Power Plants Market by Geography (USD MN)
  •  Oil & Gas Market by Geography (USD MN)
  •  Process Plants Market by Geography (USD MN)
  •  Aviation Market by Geography (USD MN)
  •  Marine Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Aeroderivative Gas Turbine Market by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Aeroderivative Gas Turbine Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Aeroderivative Gas Turbine Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Capacity
  •  Market Attractiveness Analysis by Technology
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Capacity (USD MN)
  •  Below 500kW Market by Geography (USD MN)
  •  500kW to 1MW Market by Geography (USD MN)
  •  1MW to 30MW Market by Geography (USD MN)
  •  30MW to 70MW Market by Geography (USD MN)
  •  Above 70MW Market by Geography (USD MN)
  •  Global Market Analysis by Technology (USD MN)
  •  Open Cycle Market by Geography (USD MN)
  •  Combined Cycle Market by Geography (USD MN)
  •  Global Market Analysis by Application (USD MN)
  •  Power Plants Market by Geography (USD MN)
  •  Oil & Gas Market by Geography (USD MN)
  •  Process Plants Market by Geography (USD MN)
  •  Aviation Market by Geography (USD MN)
  •  Marine Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Company Market Share Analysis, 2020
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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