Middle East and Africa Gas Turbine Market to Grow at a CAGR of 4.5% to reach US$ 5006.04 million from 2020 to 2027

Middle East and Africa Gas Turbine Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Technology (Open Cycle and Combined Cycle), Capacity (<40 MW, 40–120 MW, 120–300 MW, and >300 MW), and Application (Power Generation, Oil and Gas, and Industrial)

Publication Month: Sep 2020 | Report Code: TIPRE00014754 | No. of Pages: 86 | Category: Energy and Power | Status: Published
Covid

The gas turbine market in Middle East and Africa is expected to grow from US$ 3383.00 million in 2018 to US$ 5006.04 million by 2027; it is estimated to grow at a CAGR of 4.5% from 2019 to 2027.

South Africa, Saudi Arabia, and UAE are major economies in the Middle East and Africa. The gas turbines are one of the most widely used technologies used for the sake of the production of electricity. Gas turbines are used to produce electricity by making use of natural gas or liquid fuel to propel the turbines.  Gas turbine refers to a combustion engine that is more eco-friendly as it not only runs on natural gas, and it produces less exhaust gas pollution as compared to the internal combustion engines. The gas-fired turbines are faster, more efficient, and less polluting than coal-fired and nuclear power plants. The various advantages associated with gas turbines are high power to weight ratio and low operations pressure. Gas turbines make use of natural gas, light gas, and bioethanol for its working. 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. Thus, to reduce carbon footprints by harnessing natural instead of coal and nuclear is expected to create significant demand for gas turbines in the coming years, which is further anticipated to drive the gas turbine market in Middle East and Africa.

 

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East and Africa gas turbine market. The Middle East and Africa gas turbine market is expected to grow at a good CAGR during the forecast period.

 

The COVID-19 outbreak is been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The energy and power industry is one of the major industries that is suffering serious disruptions such as supply chain breaks, technology events cancellations, office shutdowns, etc. For instance, the already bleak economic conditions, in which consumer confidence has been weakening for the past few years, driven by sluggish GDP growth, regional turbulence, and oil price declines are expected to worsen the situation All these factors are anticipated to negatively affect the energy and power industry and thus act as a restraining factor for the growth of various markets related to this industry in the coming months.Middle East and Africa Gas Turbine Market

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Middle East and Africa Gas Turbine Market Segmentation

 

Middle East and Africa Gas Turbine Market – By Technology

  • Open cycle
  • Combined Cycle

 

Middle East and Africa Gas Turbine Market – By Capacity

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

Middle East and Africa Gas Turbine Market – By Application

  • Power Generation
  • Oil and Gas
  • Industrial

Middle East and Africa Gas Turbine Market – By Country

  • South Africa
  • Saudi Arabia
  • U.A.E.
  • Rest of Middle East and Africa

Middle East and Africa Gas Turbine Market -Companies Mentioned

  • 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)

TABLE OF CONTENTS

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.           MEA Gas Turbine Market Landscape

4.1         Market Overview

4.2         Middle East and Africa (MEA) PEST Analysis

4.3         Expert Opinion

5.           MEA Gas Turbine Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        To reduce carbon footprints by harnessing natural instead of coal and nuclear.

5.1.2        Mounting demand for electricity due to rapid urbanization and industrialization.

5.2         Market Restraints

5.2.1        Uncertain natural gas supply chain for power generation

5.3         Market Opportunities

5.3.1        Upsurge in demand for distributed power generation

5.4         Future Trends

5.4.1        Shifting dynamics of electricity consumption

5.5         Impact Analysis

6.           Gas Turbine–Market Analysis

6.1         Market Overview

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

6.3         Market Positioning –Market Players

7.           Gas Turbine Market Analysis – By Technology

7.1         Overview

7.2         MEA 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         MEA 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 - 120 MW

8.4.1        Overview

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

8.5 - 300 MW

8.5.1        Overview

8.5.1.1 - 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         MEA 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 – Country Analysis

10.1      Market Overview

10.1.1     MEA: Gas Turbine Market, by Key Country

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

10.1.1.1.1       South Africa: Gas Turbine Market, by Technology

10.1.1.1.2       South Africa: Gas Turbine Market, by Capacity

10.1.1.1.3       South Africa: Gas Turbine Market, by Application

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

10.1.1.2.1       Saudi Arabia: Gas Turbine Market, by Technology

10.1.1.2.2       Saudi Arabia: Gas Turbine Market, by Capacity

10.1.1.2.3       Saudi Arabia: Gas Turbine Market, by Application

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

10.1.1.3.1       UAE: Gas Turbine Market, by Technology

10.1.1.3.2       UAE: Gas Turbine Market, by Capacity

10.1.1.3.3       UAE: Gas Turbine Market, by Application

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

10.1.1.4.1       Rest of MEA: Gas Turbine Market, by Technology

10.1.1.4.2       Rest of MEA: Gas Turbine Market, by Capacity

10.1.1.4.3       Rest of MEA: Gas Turbine Market, by Application

11.        Impact of COVID-19 Pandemic on Middle East and Africa (MEA) Gas Turbine Market

11.1      Middle East and Africa: 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.             MEA Gas Turbine Market –Revenue and Forecast to 2027 (US$ Mn)

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

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

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

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

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

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

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

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

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

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

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

Table 13.          Rest of MEA Gas Turbine Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 14.            List of Abbreviation

LIST OF FIGURES

Figure 1.           MEA Gas Turbine Market Segmentation

Figure 2.           MEA Gas Turbine Market Overview

Figure 3.           MEA Power Generation Segment Held Largest Share of Gas Turbine Market

Figure 4.           MEA Combined Cycle Segment Held Largest Share of Gas Turbine Market

Figure 5.           MEA 120-300 MW Segment Held Largest Share of Gas Turbine Market

Figure 6.           MEA: Saudi Arabia Held Largest Share of Gas Turbine Market

Figure 7.           MEA: PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           MEA Gas Turbine Market: Impact Analysis of Drivers and Restraints

Figure 10.        MEA Gas Turbine Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 11.        MEA Gas Turbine Market Revenue Share, by Technology (2018 and 2027)

Figure 12.        MEA Open Cycle: Gas Turbine Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 13.        MEA Combined Cycle: Gas Turbine Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 14.        MEA Gas Turbine Market Revenue Share, by Capacity (2018 and 2027)

Figure 15.        MEA Below 40 MW: Gas Turbine Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 16.        MEA 40 - 120 MW: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 17.        MEA 120 - 300 MW: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

Figure 18.        MEA Above 300 MW: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

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

Figure 20.        MEA Power Generation: Gas Turbine Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.        MEA Oil and Gas: Gas Turbine Market – Revenue and Forecast to 2027 (US$ Million)

Figure 22.        MEA Industrial: Gas Turbine Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.        MEA: Gas Turbine Market Revenue Share, by Key Country (2018 and 2027)

Figure 24.        South Africa: Gas Turbine Market –Revenue and Forecast to 2027 (US$ Million)

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

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

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

Figure 28.          Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

The List of Companies - Middle East and Africa Mobile Access Control Platform Market

  1. Ansaldo Energia S.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)
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East and Africa (MEA) gas turbine market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Middle East and Africa (MEA) Gas Turbine Market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth Middle East and Africa (MEA) market trends and outlook coupled with the factors driving the gas turbine market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
TIPRE00014754
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