Gas Turbine Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Technology (Open Cycle and Combined Cycle); Capacity (Below 40 MW, 40-120 MW, 120-300 MW, and Above 300 MW); Application (Power Generation, Oil and Gas, and Industrial); and Geography

Publication Month: May 2020 | Report Code: TIPRE00010050 | No. of Pages: 151 | Category: Energy and Power | Status: Published

Covid
Assesing the covid-19 impact?
Get the Latest COVID-19 Analysis on this market
Request Now
Happy to join you in your fight against the COVID-19 economic pandemic!

The gas turbine market was valued at US$ 21,015.97 million in 2018 and is projected to reach US$ 29,447.30 million by 2027; it is expected to grow at a CAGR of 3.9% from 2019 to 2027.

 

Gas turbine is an internal combustion engine containing combustion chambers, which releases expanding gases that drive the blades of a turbine. The gas turbine converts natural gas and other liquids into mechanical energy. This energy fuels generators to produce electrical energy. There are various advantages associated with gas turbines, such as high power to weight ratio and low operations pressure. Despite being small in size, the gas turbines possess a high power rating. They reduce carbon emissions and release fewer emissions into the air compared to other engines. Gas turbines make use of natural gas, light gas, and bioethanol for its working. An increasing demand for natural gas fired power plants, rising concerns regarding emissions released by GHG and stringent government norms for the adoption of gas-fired turbines have stimulated the demand for gas turbines. Besides this, regional government offering incentives to companies using natural gas-based turbines for power generation, oil & gas, aviation, and process plants also pay impetus to the gas turbine market.

 

In 2018, North America held the largest share of the global gas turbine market. The North America region comprises developed economies such as the US, Canada, and Mexico. The companies in this region are engrossed in enhancing their overall business processes in order to meet the demand of customers in the best possible manner. Several domestic and international companies have a strong foothold in the North American region. In North America, the US serves as a major market for gas turbine followed by Canada and Mexico. The rapid industrialization, favoring trade policies and surging demand for electricity stimulates the growth of gas turbine market in the North American region. An upsurge in energy demand, especially from manufacturing plants and other related industrial establishments, is further expected to further fuel the market growth.

 

The recent COVID-19 outbreak first began in Wuhan (China) inDecember 2019, and since then, it has spread around the globeat a fast pace.China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst-affected countries in terms of positive cases and reported deaths, as of March 2020. The COVID-19outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global energy and power industry is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak.China is the global manufacturing hub, with the presence ofand the largest raw material suppliers. The overall market break down due to COVID-19 is also affecting the growth of the gas turbine market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.

 

Global Gas Turbine Market

Gas Turbine Market

Get more information on this report :


Market Insights

An upsurge in the demand for electricity fuels global gas turbine market growth

The demand for electricity is growing as a result of the increasing population and increase in per capita consumption of electricity. The electricity demand in the coming years is expected to increase by one third of the current demand, globally. The primary gas producing regions such as the Middle East, US, and Russia are planning to renovate their infrastructure for electricity generation with gas-based power generation. Latin America, Southeast Asia, and Africa are also planning to adopt the similar infrastructure. The demand for electricity is also increasing from industrial establishments and manufacturing plants. The process of electricity or power generation is changing rapidly, and these changes are prompted by the cost of electricity generation and concerns regarding climate change. The usage of coal for electricity generation causes air pollution and GHG emissions. These concerns result in the use of gas turbines as a preferred source of power generation worldwide. The gas turbines have become an essential technology for converting conventional fossil fuels into electricity. This further boosts the growth of gas turbine market.

 

Technology Insights

Based on technology,the gas turbine market issegmented into open cycle and combined cycle. In 2018, the combined cyclesegment accounted for the largest share of the global market. The waste heat recovery unit of combined cycle power generation technology replaces the silence of gas turbines which helps in mitigating the space and weight constraints. This feature has raised the demand for combined cycle technology, which is expected to drive the growth ofgas turbine market during the forecast period.

 

Global Gas TurbineMarket, by Technology – 2018 and 2027

Global Gas Turbine Market

Get more information on this report :


Capacity Insights

Based on capacity, the gas turbine market is segmented into below 40 MW, 40-120 MW, 120-300 MW, and above 300 MW. In 2018, the 120–300 MW segment accounted for the largest share ofthe global gas turbine market. Gas turbines falling in the capacity groups of 120–300 MW proffer economic power generation fast start-up and a quick load change for the base, intermediate and peak loads. The fleet of gas turbines belonging to this category demonstrates 99% reliability. The outstanding fuel capacity of these turbines makes them suitable for applications in commercial operations and in the oil & gas industry.

 

Application Insights

Based on application, the gas turbine market is segmented into power generation, oil and gas, and industrial.In 2018, the power generationsegment held the largest share of the market; however, the industrial segment is expected to register the fastest CAGR during the forecast period. The liquid fuel or natural gas fed to the gas turbine is converted into mechanical energy by the gas turbines. A gas turbine is also referred to as the engine at the heart of the power plant that works for the production of electric current or power generation. A gas turbine converts the liquid fuels or natural gas that is fed to it, into mechanical energy. This energy then drives the generator that produces electrical energy. The electrical energy is then supplied to homes and businesses through the power lines. Various fuel such as natural gas, fuel oils, and synthetic fuels are used in gas turbines for power generation.

 

Global Gas TurbineMarket – By Technology

  • Open Cycle
  • Combined Cycle


Global Gas TurbineMarket – By Capacity

  • Below 40 MW
  • 40-120 MW
  • 120-300 MW
  • Above 300 MW


Global Gas TurbineMarket – By Application

  • Power Generation
  • Oil and Gas
  • Industrial

 

Company Profiles

  • Ansaldo Energia S.p.A
  • General Electric Company
  • Harbin Electric Company Limited
  • Kawasaki Heavy Industries, Ltd
  • Man Energy Solutions
  • Mitsubishi Hitachi Power Systems, Ltd
  • Siemens AG
  • Solar Turbines Incorporated
  • Wärtsilä Corporation
  • Bharat Heavy Electricals Limited (BHEL) 

1.             Introduction

1.1       Study Scope

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

2.             Key Takeaways

3.             Research Methodology

3.1       Scope of the Study

3.2       Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.             Gas Turbine Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1        North America

4.2.2        Europe

4.2.3        APAC

4.2.4        MEA

4.2.5        SAM

4.3       Expert Opinion

5.             Gas Turbine Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Replacement of coal and nuclear driven turbines by gas turbines

5.1.2        An upsurge in the demand for electricity

5.2       Market Restraints

5.2.1        The interdependencies between gas and electricity sectors

5.3       Market Opportunities

5.3.1        Increase in the trend for distributed power generation

5.4       Future Trends

5.4.1        Changing trends in electricity consumption and growth in aviation industry to favour gas turbine market

5.5       Impact Analysis

6.             Gas Turbine– Global Market Analysis

6.1       Gas Turbine Market Overview

6.2       Gas Turbine Market–Revenue and Forecast to 2027 (US$ Mn)

6.3       Market Positioning – Global Market Players

7.             Gas Turbine Market Analysis – By Technology

7.1       Overview

7.2       Gas Turbine Market, By Technology (2018 and 2027)

7.3       Open Cycle

7.3.1        Overview

7.3.1.1      Open Cycle: Gas Turbine Market – Revenue, and Forecast to 2027 (US$ Million)

7.4       Combined Cycle

7.4.1        Overview

7.4.1.1      Combined Cycle: Gas Turbine Market – Revenue, and Forecast to 2027 (US$ Million)

8.             Gas Turbine Market Analysis – By Capacity

8.1       Overview

8.2       Gas Turbine Market, By Capacity (2018 and 2027)

8.3       Below 40 MW

8.3.1        Overview

8.3.1.1      Below 40 MW: Gas Turbine Market – Revenue and Forecast to 2027 (US$ Million)

8.4       40 - 120 MW

8.4.1        Overview

8.4.1.1      40 - 120 MW: Gas Turbine Market – Revenue and Forecast to 2027 (US$ Million)

8.5       120 - 300 MW

8.5.1        Overview

8.5.1.1      120 - 300 MW: Gas Turbine Market – Revenue and Forecast to 2027 (US$ Million)

8.6       Above 300 MW

8.6.1        Overview

8.6.1.1      Above 300 MW: Gas Turbine Market – Revenue and Forecast to 2027 (US$ Million)

9.             Gas Turbine Market Analysis – By Application

9.1       Overview

9.2       Gas Turbine Market, By Application (2018 and 2027)

9.3       Power Generation

9.3.1        Overview

9.3.2        Power Generation: Gas Turbine Market – Revenue and Forecast to 2027 (US$ Million)

9.4       Oil and Gas

9.4.1        Overview

9.4.2        Oil and Gas: Gas Turbine Market – Revenue and Forecast to 2027 (US$ Million)

9.5       Industrial

9.5.1        Overview

9.5.2        Industrial: Gas Turbine Market – Revenue and Forecast to 2027 (US$ Million)

10.          Gas Turbine Market – Geographic Analysis

10.1    Overview

10.2    North America: Gas Turbine Market

10.2.1     North America: Gas Turbine Market – Revenue and Forecast to 2027(US$ Million)

10.2.2     North America: Gas Turbine Market, by Technology

10.2.3     North America: Gas Turbine Market, by Capacity

10.2.4     North America: Gas Turbine Market, by Application

10.2.5     North America: Gas Turbine Market, by Key Country

10.2.5.1    US: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

10.2.5.1.1    US: Gas Turbine Market, by Technology

10.2.5.1.2    US: Gas Turbine Market, by Capacity

10.2.5.1.3    US: Gas Turbine Market, by Application

10.2.5.2    Canada: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

10.2.5.2.1    Canada: Gas Turbine Market, by Technology

10.2.5.2.2    Canada: Gas Turbine Market, by Capacity

10.2.5.2.3    Canada: Gas Turbine Market, by Application

10.2.5.3    Mexico: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

10.2.5.3.1    Mexico: Gas Turbine Market, by Technology

10.2.5.3.2    Mexico: Gas Turbine Market, by Capacity

10.2.5.3.3    Mexico: Gas Turbine Market, by Application

10.3    Europe: Gas Turbine Market

10.3.1     Europe: Gas Turbine Market – Revenue and Forecast to 2027(US$ Million)

10.3.2     Europe: Gas Turbine Market, by Technology

10.3.3     Europe: Gas Turbine Market, by Capacity

10.3.4     Europe: Gas Turbine Market, by Application

10.3.5     Europe: Gas Turbine Market, by Key Country

10.3.5.1    Germany: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

10.3.5.1.1    Germany: Gas Turbine Market, by Technology

10.3.5.1.2    Germany: Gas Turbine Market, by Capacity

10.3.5.1.3    Germany: Gas Turbine Market, by Application

10.3.5.2    France: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

10.3.5.2.1    France: Gas Turbine Market, by Technology

10.3.5.2.2    France: Gas Turbine Market, by Capacity

10.3.5.2.3    France: Gas Turbine Market, by Application

10.3.5.3    Italy: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

10.3.5.3.1    Italy: Gas Turbine Market, by Technology

10.3.5.3.2    Italy: Gas Turbine Market, by Capacity

10.3.5.3.3    Italy: Gas Turbine Market, by Application

10.3.5.4    UK: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

10.3.5.4.1    UK: Gas Turbine Market, by Technology

10.3.5.4.2    UK: Gas Turbine Market, by Capacity

10.3.5.4.3    UK: Gas Turbine Market, by Application

10.3.5.5    Russia: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

10.3.5.5.1    Russia: Gas Turbine Market, by Technology

10.3.5.5.2    Russia: Gas Turbine Market, by Capacity

10.3.5.5.3    Russia: Gas Turbine Market, by Application

10.3.5.6    Rest of Europe: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

10.3.5.6.1    Rest of Europe: Gas Turbine Market, by Technology

10.3.5.6.2    Rest of Europe: Gas Turbine Market, by Capacity

10.3.5.6.3    Rest of Europe: Gas Turbine Market, by Application

10.4    APAC: Gas Turbine Market

10.4.1     APAC: Gas Turbine Market – Revenue and Forecast to 2027(US$ Million)

10.4.2     APAC: Gas Turbine Market, by Technology

10.4.3     APAC: Gas Turbine Market, by Capacity

10.4.4     APAC: Gas Turbine Market, by Application

10.4.5     APAC: Gas Turbine Market, by Key Country

10.4.5.1    Australia: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

10.4.5.1.1    Australia: Gas Turbine Market, by Technology

10.4.5.1.2    Australia: Gas Turbine Market, by Capacity

10.4.5.1.3    Australia: Gas Turbine Market, by Application

10.4.5.2    China: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

10.4.5.2.1    China: Gas Turbine Market, by Technology

10.4.5.2.2    China: Gas Turbine Market, by Capacity

10.4.5.2.3    China: Gas Turbine Market, by Application

10.4.5.3    India: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

10.4.5.3.1    India: Gas Turbine Market, by Technology

10.4.5.3.2    India: Gas Turbine Market, by Capacity

10.4.5.3.3    India: Gas Turbine Market, by Application

10.4.5.4    Japan: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

10.4.5.4.1    Japan: Gas Turbine Market, by Technology

10.4.5.4.2    Japan: Gas Turbine Market, by Capacity

10.4.5.4.3    Japan: Gas Turbine Market, by Application

10.4.5.5    South Korea: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

10.4.5.5.1    South Korea: Gas Turbine Market, by Technology

10.4.5.5.2    South Korea: Gas Turbine Market, by Capacity

10.4.5.5.3    South Korea: Gas Turbine Market, by Application

10.4.5.6    Rest of APAC: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

10.4.5.6.1    Rest of APAC: Gas Turbine Market, by Technology

10.4.5.6.2    Rest of APAC: Gas Turbine Market, by Capacity

10.4.5.6.3    Rest of APAC: Gas Turbine Market, by Application

10.5    MEA: Gas Turbine Market

10.5.1     MEA: Gas Turbine Market – Revenue and Forecast to 2027(US$ Million)

10.5.2     MEA: Gas Turbine Market, by Technology

10.5.3     MEA: Gas Turbine Market, by Capacity

10.5.4     MEA: Gas Turbine Market, by Application

10.5.5     MEA: Gas Turbine Market, by Key Country

10.5.5.1    South Africa: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

10.5.5.1.1    South Africa: Gas Turbine Market, by Technology

10.5.5.1.2    South Africa: Gas Turbine Market, by Capacity

10.5.5.1.3    South Africa: Gas Turbine Market, by Application

10.5.5.2    Saudi Arabia: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

10.5.5.2.1    Saudi Arabia: Gas Turbine Market, by Technology

10.5.5.2.2    Saudi Arabia: Gas Turbine Market, by Capacity

10.5.5.2.3    Saudi Arabia: Gas Turbine Market, by Application

10.5.5.3    UAE: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

10.5.5.3.1    UAE: Gas Turbine Market, by Technology

10.5.5.3.2    UAE: Gas Turbine Market, by Capacity

10.5.5.3.3    UAE: Gas Turbine Market, by Application

10.5.5.4    Rest of MEA: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

10.5.5.4.1    Rest of MEA: Gas Turbine Market, by Technology

10.5.5.4.2    Rest of MEA: Gas Turbine Market, by Capacity

10.5.5.4.3    Rest of MEA: Gas Turbine Market, by Application

10.6    SAM: Gas Turbine Market

10.6.1     SAM: Gas Turbine Market – Revenue and Forecast to 2027(US$ Million)

10.6.2     SAM: Gas Turbine Market, by Technology

10.6.3     SAM: Gas Turbine Market, by Capacity

10.6.4     SAM: Gas Turbine Market, by Application

10.6.5     SAM: Gas Turbine Market, by Key Country

10.6.5.1    Brazil: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

10.6.5.1.1    Brazil: Gas Turbine Market, by Technology

10.6.5.1.2    Brazil: Gas Turbine Market, by Capacity

10.6.5.1.3    Brazil: Gas Turbine Market, by Application

10.6.5.2    Argentina: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

10.6.5.2.1    Argentina: Gas Turbine Market, by Technology

10.6.5.2.2    Argentina: Gas Turbine Market, by Capacity

10.6.5.2.3    Argentina: Gas Turbine Market, by Application

10.6.5.3    Rest of SAM: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

10.6.5.3.1    Rest of SAM: Gas Turbine Market, by Technology

10.6.5.3.2    Rest of SAM: Gas Turbine Market, by Capacity

10.6.5.3.3    Rest of SAM: Gas Turbine Market, by Application

11.          Impact of COVID-19 Pandemic on Global Gas Turbine Market

11.1    Overview

11.2    North America: Impact Assessment of COVID-19 Pandemic

11.3    Europe: Impact assessment of COVID-19 Pandemic

11.4    Asia-Pacific: Impact assessment of COVID-19 Pandemic

11.5    Middle East and Africa: Impact assessment of COVID-19 Pandemic

11.6    South America: Impact assessment of COVID-19 Pandemic

12.          Industry Landscape

12.1    Strategy and Business Planning

12.2    Collaboration

12.3    Product Launch

13.          Company Profiles

13.1    Ansaldo Energia S.p.A.

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2    General Electric Company

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3    Harbin Electric Company Limited

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.4    Kawasaki Heavy Industries, Ltd.

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.5    Man Energy Solutions

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.6    Mitsubishi Hitachi Power Systems, Ltd.

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7    Siemens AG

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.8    Solar Turbines Incorporated

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.9    Wärtsilä Corporation

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.10 Bharat Heavy Electricals Limited (BHEL)

13.10.1   Key Facts

13.10.2   Business Description

13.10.3   Products and Services

13.10.4   Financial Overview

13.10.5   SWOT Analysis

14.          Appendix

14.1    About The Insight Partners

14.2    Word Index

LIST OF TABLES

Table 1.             Gas Turbine Market –Revenue and Forecast to 2027 (US$ Mn)

Table 2.             North America Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 3.             North America Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 4.             North America Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 5.             US Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 6.             US Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 7.             US Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 8.             Canada Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 9.             Canada Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 10.          Canada Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 11.          Mexico Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 12.          Mexico Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 13.          Mexico Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 14.          Europe Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 15.          Europe Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 16.          Europe Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 17.          Germany Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 18.          Germany Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 19.          Germany Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 20.          France Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 21.          France Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 22.          France Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 23.          Italy Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 24.          Italy Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 25.          Italy Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 26.          UK Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 27.          UK Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 28.          UK Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 29.          Russia Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 30.          Russia Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 31.          Russia Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 32.          Rest of Europe Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 33.          Rest of Europe Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 34.          Rest of Europe Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 35.          APAC Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 36.          APAC Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 37.          APAC Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 38.          Australia Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 39.          Australia Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 40.          Australia Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 41.          China Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 42.          China Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 43.          China Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 44.          India Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 45.          India Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 46.          India Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 47.          Japan Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 48.          Japan Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 49.          Japan Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 50.          South Korea Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 51.          South Korea Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 52.          South Korea Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 53.          Rest of APAC Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 54.          Rest of APAC Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 55.          Rest of APAC Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 56.          MEA Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 57.          MEA Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 58.          MEA Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 59.          South Africa Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 60.          South Africa Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 61.          South Africa Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 62.          Saudi Arabia Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 63.          Saudi Arabia Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 64.          Saudi Arabia Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 65.          UAE Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 66.          UAE Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 67.          UAE Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 68.          Rest of MEA Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 69.          Rest of MEA Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 70.          Rest of MEA Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 71.          SAM Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 72.          SAM Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 73.          SAM Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 74.          Brazil Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 75.          Brazil Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 76.          Brazil Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 77.          Argentina Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 78.          Argentina Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 79.          Argentina Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 80.          Rest of SAM Gas Turbine Market, by Technology – Revenue and Forecast to 2027 (USD Million)

Table 81.          Rest of SAM Gas Turbine Market, by Capacity – Revenue and Forecast to 2027 (USD Million)

Table 82.          Rest of SAM Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 83.          List of Abbreviation

 

LIST OF FIGURES

Figure 1.           Gas turbine Market Segmentation

Figure 2.           Gas turbine Market Segmentation – By Geography

Figure 3.           Global Gas Turbine Market Overview

Figure 4.           Power Generation Segment Held Largest Share of Global Gas Turbine Market

Figure 5.           North America Region Held Largest Share of Global Gas Turbine Market

Figure 6.           Global Gas Turbine Market, Industry Landscape

Figure 7.           North America: PEST Analysis

Figure 8.           Europe: PEST Analysis

Figure 9.           APAC: PEST Analysis

Figure 10.        MEA: PEST Analysis

Figure 11.        SAM: PEST Analysis

Figure 12.        Expert Opinion

Figure 13.        Impact Analysis of Drivers And Restraints

Figure 14.        Geographic Overview of Gas Turbine Market

Figure 15.        Gas Turbine Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 16.        Gas Turbine Market Revenue Share, by Technology (2018 and 2027)

Figure 17.        Open Cycle: Gas Turbine Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 18.        Combined Cycle: Gas Turbine Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 19.        Gas Turbine Market Revenue Share, by Capacity (2018 and 2027)

Figure 20.        Below 40 MW: Gas Turbine Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 21.        40 - 120 MW: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 22.        120 - 300 MW: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 23.        Above 300 MW: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 24.        Gas Turbine Market Revenue Share, by Application (2018 and 2027)

Figure 25.        Power Generation: Gas Turbine Market – Revenue and Forecast to 2027 (US$ Million)

Figure 26.        Oil and Gas: Gas Turbine Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.        Industrial: Gas Turbine Market – Revenue and Forecast to 2027 (US$ Million)

Figure 28.        Global Gas Turbine Market Revenue Share, by Region (2018 and 2027)

Figure 29.        North America: Gas Turbine Market – Revenue and Forecast to 2027 (US$ Million)

Figure 30.        North America: Gas Turbine Market Revenue Share, by Technology (2018 and 2027)

Figure 31.        North America: Gas Turbine Market Revenue Share, by Capacity (2018 and 2027)

Figure 32.        North America: Gas Turbine Market Revenue Share, by Application (2018 and 2027)

Figure 33.        North America: Gas Turbine Market Revenue Share, by Key Country (2018 and 2027)

Figure 34.        US: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 35.        Canada: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 36.        Mexico: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 37.        Europe: Gas Turbine Market – Revenue and Forecast to 2027 (US$ Million)

Figure 38.        Europe: Gas Turbine Market Revenue Share, by Technology (2018 and 2027)

Figure 39.        Europe: Gas Turbine Market Revenue Share, by Capacity (2018 and 2027)

Figure 40.        Europe: Gas Turbine Market Revenue Share, by Application (2018 and 2027)

Figure 41.        Europe: Gas Turbine Market Revenue Share, by Key Country (2018 and 2027)

Figure 42.        Germany: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 43.        France: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 44.        Italy: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 45.        UK: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 46.        Russia: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 47.        Rest of Europe: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 48.        APAC: Gas Turbine Market – Revenue and Forecast to 2027 (US$ Million)

Figure 49.        APAC: Gas Turbine Market Revenue Share, by Technology (2018 and 2027)

Figure 50.        APAC: Gas Turbine Market Revenue Share, by Capacity (2018 and 2027)

Figure 51.        APAC: Gas Turbine Market Revenue Share, by Application (2018 and 2027)

Figure 52.        APAC: Gas Turbine Market Revenue Share, by Key Country (2018 and 2027)

Figure 53.        Australia: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 54.        China: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 55.        India: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 56.        Japan: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 57.        South Korea: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 58.        Rest of APAC: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 59.        MEA: Gas Turbine Market – Revenue and Forecast to 2027 (US$ Million)

Figure 60.        MEA: Gas Turbine Market Revenue Share, by Technology (2018 and 2027)

Figure 61.        MEA: Gas Turbine Market Revenue Share, by Capacity (2018 and 2027)

Figure 62.        MEA: Gas Turbine Market Revenue Share, by Application (2018 and 2027)

Figure 63.        MEA: Gas Turbine Market Revenue Share, by Key Country (2018 and 2027)

Figure 64.        South Africa: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 65.        Saudi Arabia: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 66.        UAE: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 67.        Rest of MEA: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 68.        SAM: Gas Turbine Market – Revenue and Forecast to 2027 (US$ Million)

Figure 69.        SAM: Gas Turbine Market Revenue Share, by Technology (2018 and 2027)

Figure 70.        SAM: Gas Turbine Market Revenue Share, by Capacity (2018 and 2027)

Figure 71.        SAM: Gas Turbine Market Revenue Share, by Application (2018 and 2027)

Figure 72.        SAM: Gas Turbine Market Revenue Share, by Key Country (2018 and 2027)

Figure 73.        Brazil: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 74.        Argentina: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 75.        Rest of SAM: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 76.        Impact of COVID-19 Pandemic In North American Country Markets

Figure 77.        Impact of COVID-19 Pandemic In Europe Country Markets

Figure 78.        Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 79.        Impact of COVID-19 Pandemic in Middle East And Africa Country Markets

Figure 80.        Impact of COVID-19 Pandemic in South America Country Markets

 

The List of Companies - Gas turbine market

  1. AnsaldoEnergiaS.p.A.
  2. General Electric Company
  3. Harbin Electric Company Limited
  4. Kawasaki Heavy Industries, Ltd
  5. Man Energy Solutions
  6. Mitsubishi Hitachi Power Systems, Ltd.
  7. Siemens AG’
  8. Solar Turbines Incorporated
  9. Wärtsilä Corporation
  10. Bharat Heavy Electricals Limited (BHEL)
  • Highlights key business priorities to assist companies realign their business strategies.

  • Featureskey findings and crucial progressive industry trends in the global gas turbine market, thereby allowing players to develop effective long-term strategies.

  • Develops/modifiesbusiness expansion plans by using substantial growth offering from developed and emerging markets.

  • Scrutinizes in-depth market trends as well askey market driversand restraints.

  • Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
TIPRE00010050
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Frequently Asked Questions

The major players operating in the global gas turbine market, includes Ansaldo EnergiaS.p.A, General Electric Company, Harbin Electric Company Limited, Kawasaki Heavy Industries, Ltd, Man Energy Solutions, Mitsubishi Hitachi Power Systems, Ltd, Siemens AG, Solar Turbines Incorporated, Wärtsilä Corporation, and Bharat Heavy Electricals Limited (BHEL), and among many others.

The gas turbine market was dominated by North America region at a global level. Increasing environmental regulations to reduce the rate of carbon footprint along with low shale prices are the major factors projected to drive growth of the North America gas turbine market over the forecast period. Additionally, a rapid rise in energy demand, especially from manufacturing plants and related industrial establishments, is further expected to further fuel the market growth in North America.

The power generation segment accounted for the largest share in the gas turbine market in 2018. A gas turbine converts the liquid fuels or natural gas that is fed to it, into mechanical energy. This energy then drives the generator that produces electrical energy. The electrical energy is then supplied to homes and businesses through the power lines. Various fuel such as natural gas, fuel oils, and synthetic fuels are used in gas turbines for power generation.

Pricing