Global Gas Turbine Market Report By Technology (Open Cycle And Combined Cycle), By Application (Power Generation, Oil & Gas, And Other Industrial Applications), By Design (Heavy Duty Type And Aeroderivative Type), By Rated Capacity (Above 300MV, 120-300MV, 40-120MV And Less Than 40MV) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026

ID:VMR11210142
January 2020
Report Formats:

Rising need for electricity to fulfill unmet demand across the globe is primarily driving the market growth. Provision of subsidiaries by governments to companies using gas turbine equipment is further fueling the market growth. Owing to high energy generating capacity, gas turbines are extensively used in oil & gas, aerospace, power generation and various end-use industries. Moreover, rising investment on R&D for new efficient technologies for power generation is again pushing the market growth. Availability of low cost natural gas coupled with stringent regulation by government of carbon emission is boosting the market demand. 

The latest report by Value Market Research expects the Global Gas Turbine Market accounted for USD 18 billion and is expected to grow at USD 24 billion CAGR slightly over 4% from the year 2017 to 2024.
 
HEAVY-DUTY TURBINES DOMINATED THE TYPE SEGMENT
In 2017, heavy-duty turbines led the segment owing to wide adoption in simple cycle plants for better performance and flexible operation. Heavy-duty turbines are reliable turbine with relatively large size, lower pressure ratio and higher airflow has widened its application in hydrodynamic bearing.
 
BY CAPACITY, 120 TO 300 MW EMERGED AS THE LEADING SEGMENT
120 to 300 MW led the capacity segment in 2017 owing to ideal electricity generation capacity range for manufacturing, complex processing and end-use industries is driving the segment market. Extensively use of 120 MW in combine cycle gas turbine plant and combined heat and power plant is further fueling the segment growth.
 
EUROPE AND ASIA PACIFIC TOGETHER LED THE REGIONAL MARKET
Geographically, Europe and Asia Pacific together dominated the regional market by accounting over 2/3rd of the total market share in 2017. Growing population, rising investment for electricity generation, and robust industrialization in emerging countries such as China, Japan, and India is fueling the Asia Pacific market. A shift in preference for gas based energy generation over traditional system is driving the European market growth.
 
KEY PLAYERS OF THE MARKET
Major players are investing on repowering gas turbines to boost its performance. For instance, GE Launched the First 6B Repowering Gas Turbine Solution. Some of the prominent players of the industry are Ansaldo, BHEL, Centrax, GE, Harbin Electric, Kawasaki Heavy Industries, MAN Diesel, MHPS, OPRA, Siemens, Solar Turbines, Vericor Power and Zorya.

As per this study the Global Gas Turbine Market was valued USD XX BN (by revenue) in 2019 and is anticipated to reach USD XX.X BN by 2026 with a CAGR of X%.
 
Gas turbine is the continuous combustion engine that uses a mixture of pressurized gas as a source of energy to generate electricity. Basically, the potential energy of the pressured and compressed gas is converted into kinetic energy by the turbine blades. Gas turbines are mostly used in power generation, transportation, and other industrial processes.
 
Objectives of the Study:

  • Define and measure the global gas turbine market
  • Revenue forecast of the global gas turbine market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments
 
Market Dynamics
 
The gas turbine market is majorly driven on account of a rise in electricity demand from the manufacturing and industrial sector. Use of gas turbines in oil and gas, aerospace, driving tanks and other application areas owing to high-energy generating capacity is further contributing significantly to market growth. Stringent norms imposed for emission of carbon coupled with favorable subsidiaries and policies offered by the government of various countries are further pushing the market growth. However, the use of renewable energy sources for electricity generation is assumed to impact the market growth negatively.
 
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 gas turbine.
 
Market Segmentation
 
The broad gas turbine market has been sub-grouped into technology, application, design and rated capacity. 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.
 
By Technology
  • Open Cycle
  • Combined Cycle
 
By Application
  • Power Generation
  • Oil & Gas
  • Other Industrial Applications
 
By Design
  • Heavy Duty Type
  • Aeroderivative Type
 
By Rated Capacity
  • Above 300MV
  • 120-300MV
  • 40-120MV
  • Less Than 40MV
 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for 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.
 
Europe Gas Turbine Market By Revenue (USD MN)
 

 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the gas turbine market include Ansaldo, BHEL, Centrax, GE, Harbin Electric, Kawasaki Heavy Industries, MAN Diesel, MHPS, OPRA, Siemens, Solar Turbines, Vericor Power and Zorya. 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.
 
 
METHODOLOGY:
 
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. 

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 Gas Turbine Market
       2.2. Global Gas Turbine Market Snapshot
 
3 . GAS TURBINE – INDUSTRY ANALYSIS
       3.1. Introduction
       3.2. Market Drivers of Gas Turbine Market
       3.3. Market Restraints of Gas Turbine Market
       3.4. Opportunities of Gas Turbine Market
       3.5. Trends of Gas Turbine Market
       3.6. Porter’s Five Force Analysis of Gas Turbine Market
       3.7. Gas Turbine Market Attractiveness Analysis
           3.7.1 Market Attractive Analysis by Technology
           3.7.2 Market Attractive Analysis by Application
           3.7.3 Market Attractive Analysis by Design
           3.7.4 Market Attractive Analysis by Rated Capacity
           3.7.5 Market Attractive Analysis by Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Gas Turbine Value Chain Analysis
       4.2. Gas Turbine Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Gas Turbine Raw Material Manufactures List
           4.2.3. Price Trend of Gas Turbine 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 . GLOBAL GAS TURBINE MARKET ANALYSIS BY TECHNOLOGY
       5.1 Overview by Technology
       5.2 Global Gas Turbine Market Analysis by Technology
       5.3 Market Analysis of Open Cycle by Regions
       5.4 Market Analysis of Combined Cycle by Regions
 
6 . GLOBAL GAS TURBINE MARKET ANALYSIS BY APPLICATION
       6.1 Overview by Application
       6.2 Global Gas Turbine Market Analysis by Application
       6.3 Market Analysis of Power Generation by Regions
       6.4 Market Analysis of Oil & Gas by Regions
       6.5 Market Analysis of Other Industrial Applications by Regions
 
7 . GLOBAL GAS TURBINE MARKET ANALYSIS BY DESIGN
       7.1 Overview by Design
       7.2 Global Gas Turbine Market Analysis by Design
       7.3 Market Analysis of Heavy Duty Type by Regions
       7.4 Market Analysis of Aeroderivative Type by Regions
 
8 . GLOBAL GAS TURBINE MARKET ANALYSIS BY RATED CAPACITY
       8.1 Overview by Rated Capacity
       8.2 Global Gas Turbine Market Analysis by Rated Capacity
       8.3 Market Analysis of Above 300MV by Regions
       8.4 Market Analysis of 120-300MV by Regions
       8.5 Market Analysis of 40-120MV by Regions
       8.6 Market Analysis of Less Than 40MV by Regions
 
9 . GLOBAL GAS TURBINE MARKET ANALYSIS BY GEOGRAPHY
       9.1. Regional Outlook
       9.2. Introduction
       9.3. North America
           9.3.1. Overview
           9.3.2. North America Gas Turbine Market Estimate by Country
           9.3.3. United State
           9.3.4. Rest of North America
       9.4. Europe
           9.4.1. Overview
           9.4.2. Europe Gas Turbine Market Estimate by Market Segment
           9.4.3. Europe Gas Turbine Market Estimate by Country
           9.4.4. United Kingdom
           9.4.5. France
           9.4.6. Germany
           9.4.7 Rest of Europe
       9.5. Asia Pacific
           9.5.1. Overview
           9.5.2. Asia Pacific Gas Turbine Market Estimate by Market Segment
           9.5.3. Asia Pacific Gas Turbine Market Estimate by Country
           9.5.4. China
           9.5.5. Japan
           9.5.6. India
           9.5.7. Rest of Asia Pacific
       9.6. Latin America
           9.6.1. Overview
           9.6.2. Latin America Gas Turbine Market Estimate by Market Segment
           9.6.3. Latin America Gas Turbine Market Estimate by Country
           9.6.4. Brazil
           9.6.5. Rest of Latin America
       9.7. Middle East & Africa
           9.7.1. Overview
           9.7.2. Middle East & Africa Gas Turbine Market Estimate by Market Segment
           9.7.3. Middle East & Africa Gas Turbine Market Estimate by Country
           9.7.4. Middle East
           9.7.5. Africa
 
10 COMPETITIVE LANDSCAPE OF THE GAS TURBINE COMPANIES
       10.1. 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 GAS TURBINE INDUSTRY
       11.1. Company Share Analysis
       11.2. Market Concentration Rate
       11.3. Ansaldo
           11.3.1. Company Overview
           11.3.2. Financials
           11.3.3. Products
           11.3.4. Recent Developments
       11.4. BHEL
           11.4.1. Company Overview
           11.4.2. Financials
           11.4.3. Products
           11.4.4. Recent Developments
       11.5. Centrax
           11.5.1. Company Overview
           11.5.2. Financials
           11.5.3. Products
           11.5.4. Recent Developments
       11.6. GE
           11.6.1. Company Overview
           11.6.2. Financials
           11.6.3. Products
           11.6.4. Recent Developments
       11.7. Harbin Electric
           11.7.1. Company Overview
           11.7.2. Financials
           11.7.3. Products
           11.7.4. Recent Developments
       11.8. Kawasaki Heavy Industries
           11.8.1. Company Overview
           11.8.2. Financials
           11.8.3. Products
           11.8.4. Recent Developments
       11.9. MAN Diesel
           11.9.1. Company Overview
           11.9.2. Financials
           11.9.3. Products
           11.9.4. Recent Developments
       11.10. MHPS
           11.10.1. Company Overview
           11.10.2. Financials
           11.10.3. Products
           11.10.4. Recent Developments
       11.11. OPRA
           11.11.1. Company Overview
           11.11.2. Financials
           11.11.3. Products
           11.11.4. Recent Developments
       11.12. Siemens
           11.12.1. Company Overview
           11.12.2. Financials
           11.12.3. Products
           11.12.4. Recent Developments
       11.13. Solar Turbines
           11.13.1. Company Overview
           11.13.2. Financials
           11.13.3. Products
           11.13.4. Recent Developments
       11.14. Vericor Power
           11.14.1. Company Overview
           11.14.2. Financials
           11.14.3. Products
           11.14.4. Recent Developments
       11.15. Zorya
           11.15.1. Company Overview
           11.15.2. Financials
           11.15.3. Products
           11.15.4. Recent Developments
 
12.  IMPACT ANALYSIS OF COVID-19 OUTBREAK
       12.1. Impact Analysis of Covid-19 Outbreak on the Market
           12.1.1. Direct Impact on Production
           12.1.2. Supply Chain and Market Disruption
           12.1.3. Financial Impact on Firms and Financial Markets
       12.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       12.3. Pre V/S Post COVID-19 Market
       12.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Market Size in 2020, by Scenario
       12.5. COVID-19: Micro and Macro Factor Analysis on the Market
    
 *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

  •  Global Market Snapshot
  •  Drivers of the Global Market Impact Analysis
  •  Restraints of the Global Market 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 Market
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic On The Market Size In 2020, By Scenario
  •  COVID-19: Micro and Macro Factor Analysis on the Market
  •  Global Gas Turbine Market Analysis by Technology (USD MN)
  •  Global Gas Turbine Market Analysis in Open Cycle by Geography (USD MN)
  •  Global Gas Turbine Market Analysis in Combined Cycle by Geography (USD MN)
  •  Global Gas Turbine Market Analysis by Application (USD MN)
  •  Global Gas Turbine Market Analysis in Power Generation by Geography (USD MN)
  •  Global Gas Turbine Market Analysis in Oil & Gas by Geography (USD MN)
  •  Global Gas Turbine Market Analysis in Other Industrial Applications by Geography (USD MN)
  •  Global Gas Turbine Market Analysis by Design (USD MN)
  •  Global Gas Turbine Market Analysis in Heavy Duty Type by Geography (USD MN)
  •  Global Gas Turbine Market Analysis in Aeroderivative Type by Geography (USD MN)
  •  Global Gas Turbine Market Analysis by Rated Capacity (USD MN)
  •  Global Gas Turbine Market Analysis in Above 300MV by Geography (USD MN)
  •  Global Gas Turbine Market Analysis in 120-300MV by Geography (USD MN)
  •  Global Gas Turbine Market Analysis in 40-120MV by Geography (USD MN)
  •  Global Gas Turbine Market Analysis in Less Than 40MV by Geography (USD MN)
  •  Global Gas Turbine Market by Geography (USD MN)
  •  North America Gas Turbine Market Analysis by Technology (USD MN)
  •  North America Gas Turbine Market Estimate by Application (USD MN)
  •  North America Gas Turbine Market Estimate by Design (USD MN)
  •  North America Gas Turbine Market Estimate by Rated Capacity (USD MN)
  •  North America Gas Turbine Market Estimate by Country (USD MN)
  •  United State Gas Turbine Market Analysis by Technology (USD MN)
  •  United State Gas Turbine Market Estimate by Application (USD MN)
  •  United State Gas Turbine Market Analysis by Design (USD MN)
  •  United State Gas Turbine Market Estimate by Rated Capacity (USD MN)
  •  Rest of North America Gas Turbine Market Analysis by Technology (USD MN)
  •  Rest of North America Gas Turbine Market Estimate by Application (USD MN)
  •  Rest of North America Gas Turbine Market Estimate by Design(USD MN)
  •  Rest of North America Gas Turbine Market Estimate by Rated Capacity(USD MN)
  •  Europe Gas Turbine Market Analysis by Technology (USD MN)
  •  Europe Gas Turbine Market Estimate by Application (USD MN)
  •  Europe Gas Turbine Market Estimate by Design (USD MN)
  •  Europe Gas Turbine Market Estimate by Rated Capacity (USD MN)
  •  Europe Gas Turbine Market Estimate by Country (USD MN)
  •  United Kingdom Gas Turbine Market Analysis by Technology (USD MN)
  •  United Kingdom Gas Turbine Market Estimate by Application (USD MN)
  •  United Kingdom Gas Turbine Market Estimate by Design (USD MN)
  •  United Kingdom Gas Turbine Market Estimate by Rated Capacity (USD MN)
  •  France Gas Turbine Market Analysis by Technology (USD MN)
  •  France Gas Turbine Market Estimate by Application (USD MN)
  •  France Gas Turbine Market Estimate by Design (USD MN)
  •  France Gas Turbine Market Estimate by Rated Capacity (USD MN)
  •  Germany Gas Turbine Market Analysis by Technology (USD MN)
  •  Germany Gas Turbine Market Estimate by Application (USD MN)
  •  Germany Gas Turbine Market Estimate by Design (USD MN)
  •  Germany Gas Turbine Market Estimate by Rated Capacity (USD MN)
  •  Rest of Europe Gas Turbine Market Analysis by Technology (USD MN)
  •  Rest of Europe Gas Turbine Market Estimate by Application (USD MN)
  •  Rest of Europe Gas Turbine Market Estimate by Design (USD MN)
  •  Rest of Europe Gas Turbine Market Estimate by Rated Capacity (USD MN)
  •  Asia Pacific Gas Turbine Market Analysis by Technology (USD MN)
  •  Asia Pacific Gas Turbine Market Estimate by Application (USD MN)
  •  Asia Pacific Gas Turbine Market Estimate by Design (USD MN)
  •  Asia Pacific Gas Turbine Market Estimate by Rated Capacity (USD MN)
  •  Asia Pacific Gas Turbine Market Estimate by Country (USD MN)
  •  China Gas Turbine Market Analysis by Technology (USD MN)
  •  China Gas Turbine Market Estimate by Application (USD MN)
  •  China Gas Turbine Market Estimate by Design (USD MN)
  •  China Gas Turbine Market Estimate by Rated Capacity (USD MN)
  •  Japan Gas Turbine Market Analysis by Technology (USD MN)
  •  Japan Gas Turbine Market Estimate by Application (USD MN)
  •  Japan Gas Turbine Market Estimate by Design (USD MN)
  •  Japan Gas Turbine Market Estimate by Rated Capacity(USD MN)
  •  India Gas Turbine Market Analysis by Technology (USD MN)
  •  India Gas Turbine Market Estimate by Application (USD MN)
  •  India Gas Turbine Market Estimate by Design (USD MN)
  •  India Gas Turbine Market Estimate by Rated Capacity (USD MN)
  •  Rest of Asia Pacific Gas Turbine Market Analysis by Technology (USD MN)
  •  Rest of Asia Pacific Gas Turbine Market Estimate by Application (USD MN)
  •  Rest of Asia Pacific Gas Turbine Market Estimate by Design (USD MN)
  •  Rest of Asia Pacific Gas Turbine Market Estimate by Rated Capacity (USD MN)
  •  Latin America Gas Turbine Market Analysis by Technology (USD MN)
  •  Latin America Gas Turbine Market Estimate by Application (USD MN)
  •  Latin America Gas Turbine Market Estimate by Design (USD MN)
  •  Latin America Gas Turbine Market Estimate by Rated Capacity (USD MN)
  •  Latin America Gas Turbine Market Estimate by Country (USD MN)
  •  Brazil Gas Turbine Market Analysis by Technology (USD MN)
  •  Brazil Gas Turbine Market Estimate by Application (USD MN)
  •  Brazil Gas Turbine Market Estimate by Design (USD MN)
  •  Brazil Gas Turbine Market Estimate by Rated Capacity (USD MN)
  •  Rest of Latin America Gas Turbine Market Analysis by Technology (USD MN)
  •  Rest of Latin America Gas Turbine Market Estimate by Application (USD MN)
  •  Rest of Latin America Gas Turbine Market Estimate by Design (USD MN)
  •  Rest of Latin America Gas Turbine Market Estimate by Rated Capacity (USD MN)
  •  Middle East & Africa Gas Turbine Market Analysis by Technology (USD MN)
  •  Middle East & Africa Gas Turbine Market Estimate by Application (USD MN)
  •  Middle East & Africa Gas Turbine Market Estimate by Design (USD MN)
  •  Middle East & Africa Gas Turbine Market Estimate by Rated Capacity (USD MN)
  •  Middle East & Africa Gas Turbine Market Estimate by Country (USD MN)
  •  Middle East Gas Turbine Market Analysis by Technology (USD MN)
  •  Middle East Gas Turbine Market Estimate by Application (USD MN)
  •  Middle East Gas Turbine Market Estimate by Design (USD MN)
  •  Middle East Gas Turbine Market Estimate by Rated Capacity (USD MN)
  •  Africa Gas Turbine Market Analysis by Technology (USD MN)
  •  Africa Gas Turbine Market Estimate by Application (USD MN)
  •  Africa Gas Turbine Market Estimate by Design (USD MN)
  •  Africa Gas Turbine Market Estimate by Rated Capacity (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
  •  New Product Launch
  •  Other Developments
  •  Company Market Share Analysis, 2019
 
 LIST OF FIGURES
 
  •  Research Scope of Gas Turbine Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Gas Turbine Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Technology
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Design
  •  Market Attractiveness Analysis by Rated Capacity
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Gas Turbine Market Analysis by Technology (USD MN)
  •  Global Gas Turbine Market Analysis in Open Cycle by Geography (USD MN)
  •  Global Gas Turbine Market Analysis in Combined Cycle by Geography (USD MN)
  •  Global Gas Turbine Market Analysis by Application (USD MN)
  •  Global Gas Turbine Market Analysis in Power Generation by Geography (USD MN)
  •  Global Gas Turbine Market Analysis in Oil & Gas by Geography (USD MN)
  •  Global Gas Turbine Market Analysis in Other Industrial Applications by Geography (USD MN)
  •  Global Gas Turbine Market Analysis by Design (USD MN)
  •  Global Gas Turbine Market Analysis in Heavy Duty Type by Geography (USD MN)
  •  Global Gas Turbine Market Analysis in Aeroderivative Type by Geography (USD MN)
  •  Global Gas Turbine Market Analysis by Rated Capacity (USD MN)
  •  Global Gas Turbine Market Analysis in Above 300MV by Geography (USD MN)
  •  Global Gas Turbine Market Analysis in 120-300MV by Geography (USD MN)
  •  Global Gas Turbine Market Analysis in 40-120MV by Geography (USD MN)
  •  Global Gas Turbine Market Analysis in Less Than 40MV by Geography (USD MN)
  •  Latin America Gas Turbine Market by Revenue
  •  Middle East & Africa Gas Turbine Market by Revenue
  •  Recent Development in Gas Turbine Industry
  •  Company Market Share Analysis, 2019
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

Objectives of Study

  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments

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