South America Gas Turbine Market to Grow at a CAGR of 2.5% to reach US$ 2326.34 million from 2020 to 2027

South America 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 & Gas, and Industrial)

Publication Month: Sep 2020 | Report Code: TIPRE00014755 | No. of Pages: 76 | Category: Energy and Power | Status: Published
Covid

The gas turbine market in South America is expected to grow from US$ 1866.94 million in 2018 to US$ 2326.34 million by 2027; it is estimated to grow at a CAGR of 2.5% from 2019 to 2027.

Brazil and Argentina are major economies in South America. The demand for electricity is growing as a result of the increasing population, urbanization, and increase in per capita consumption of electricity. The electricity demand in the coming years is expected to increase hugely of the current demand. The primary gas producing regions such as the Middle East, U.S., and Russia are planning to renovate their infrastructure for electricity generation with gas-based power generation. Latin America is also planning to adopt the similar infrastructure. The demand for electricity is also increasing from industrial establishments and manufacturing plants, is also bolstering the growth of the energy and power industry. 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. The gas turbines have become an essential technology for converting conventional fossil fuels into electricity. Thus, the growth in the energy and power sector and need for cleaner source of energy is expected to create a significant demand for gas turbines in the coming years, which is further anticipated to drive the market in South America.

 

The outbreak of COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns in South America. So far, Brazil is the worst-hit country followed by Ecuador, Chile, Peru, and Argentina, among others. 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. as a result of this outbreak. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. All these factors are forecasted to affect the energy and power industry in a negative manner and thus act as restraining factor for the growth of various markets related to this industry in the coming months.

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

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The South America gas turbine market Segmentation

 

South America Gas Turbine Market – By Technology

  • Open cycle
  • Combined Cycle

 

South America Gas Turbine Market – By Capacity

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

South America Gas Turbine Market – By Application

  • Power Generation
  • Oil and Gas
  • Industrial

 

South America Gas Turbine Market – By Country

  • Brazil
  • Argentina
  • Rest of South America

South America Gas Turbine Market -Companies Mentioned

  • 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.           SAM Gas Turbine Market Landscape

4.1         Market Overview

4.2         SAM-PEST Analysis

4.3         Expert Opinion

5.           SAM Gas Turbine Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Substitution of coal and nuclear powered turbine with gas turbine to reduce carbon emission.

5.1.2        Escalating consumption of electricity due to rapid urbanization and industrialization.

5.2         Market Restraints

5.2.1        Fragile supply chain of gas for electricity generation.

5.3         Market Opportunities

5.3.1        Shift towards decentralized power generation.

5.4         Future Trends

5.4.1        Changing trends in electricity consumption

5.5         Impact Analysis

6.           Gas Turbine– SAM Market Analysis

6.1         Gas Turbine Market Overview

6.2         SAM 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         SAM 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         SAM 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         SAM 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      SAM: Gas Turbine Market

10.1.1     SAM: Gas Turbine Market, by Key Country

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

10.1.1.1.1       Brazil: Gas Turbine Market, by Technology

10.1.1.1.2       Brazil: Gas Turbine Market, by Capacity

10.1.1.1.3       Brazil: Gas Turbine Market, by Application

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

10.1.1.2.1       Argentina: Gas Turbine Market, by Technology

10.1.1.2.2       Argentina: Gas Turbine Market, by Capacity

10.1.1.2.3       Argentina: Gas Turbine Market, by Application

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

10.1.1.3.1       Rest of SAM: Gas Turbine Market, by Technology

10.1.1.3.2       Rest of SAM: Gas Turbine Market, by Capacity

10.1.1.3.3       Rest of SAM: Gas Turbine Market, by Application

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

11.1      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      General Electric Company

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      Harbin Electric Company Limited

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

13.3      Kawasaki Heavy Industries, Ltd.

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      Man Energy Solutions

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      Mitsubishi Hitachi Power Systems, Ltd.

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

13.5.6     Key Developments

13.6      Siemens AG

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

13.7      Solar Turbines Incorporated

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      Wärtsilä Corporation

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      Bharat Heavy Electricals Limited (BHEL)

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

14.        Appendix

14.1      About The Insight Partners

14.2      Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

Table 11.            List of Abbreviation

LIST OF FIGURES

Figure 1.           SAM Gas Turbine Market Segmentation

Figure 2.           SAM Gas Turbine Market Overview

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

Figure 4.           SAM 120-300 MW Segment Held Largest Share of Gas Turbine Market

Figure 5.           SAM Combined Cycle Segment Held Largest Share of Gas Turbine Market

Figure 6.           SAM: Rest of SAM Segment Held Largest Share of Gas Turbine Market

Figure 7.           SAM: PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           SAM gas turbine market Impact Analysis of Drivers And Restraints

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 27.          Impact of COVID-19 Pandemic in South America Country Markets




The List of Companies - South America Mobile Access Control Platform Market

  1. General Electric Company
  2. Harbin Electric Company Limited
  3. Kawasaki Heavy Industries, Ltd.
  4. Man Energy Solutions
  5. Mitsubishi Hitachi Power Systems, Ltd.
  6. Siemens AG
  7. Solar Turbines Incorporated
  8. Wärtsilä Corporation
  9. 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 South America 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 South America 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 South America 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.
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