As per this study the Global Aeroderivative Gas Turbine Market was valued USD XX BN (by revenue) in 2019 and is anticipated to reach USD XX BN by 2026 with a CAGR of XX%.
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 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.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of aeroderivative gas turbine.
The broad aeroderivative gas turbine market has been sub-grouped into capacity, product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Combined Cycle
- Open Cycle
- Oil & Gas
- Power Generation
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for aeroderivative gas turbine in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Aeroderivative Gas Turbine Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the aeroderivative gas turbine market include General Electric, KMPO Russia, Mitsubishi Hitachi, Pratt & Whitney, Siemens and United Engine Corp. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.