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Gas Turbine Market, Size, Share, Outlook and Growth Opportunities 2020- 2026

  • ID:OGA1903MVEN201
  • Published: March-2019
  • Pages:140
  • OG Analysis
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Global Gas Turbine Market, Size, Share, Outlook and Growth Opportunities to 2026: By Technology (Combined Cycle, and Open Cycle), By Design Type (Heavy Duty, and Aeroderivative), By Rating Capacity (Less than 40 MW, 40-100 MW, 100-250 MW, 250-500 MW, and Above 500 MW) and By Region

Key Highlights

  • Gas Turbine Market is gaining momentum and is poised to grow at a CAGR of 3.26% over the forecast period 2020-2026.
  • Based on technology, open cycle dominates the global gas turbine market during the forecast period 2020 to 2026.
  • Major market players are investing heavily on development of energy efficient gas turbines.
  • Asia Pacific is the major market for gas turbines on account of rapid urbanisation, industrialisation, and infrastructural developments fueling the demand for energy and power generation.
  • Fluctuations in natural gas prices and lack of skilled labor are amidst key market challenges.

The global gas turbine industry is majorly driven by increasing demand for natural gas-fired power plants, rising demand for electricity and excess power generation, and government initiatives to regulate carbon gas emissions. Customer preferences shifting from conventionally used nuclear and coal plants to gas turbines for power generation, and increasing trend of distributed power generation could incur growth opportunities boosting the gas turbine market size.

Factors such as fluctuations in the natural gas prices, and customer preferences shifting towards renewable energy sources such as solar, wind, tidal, and others are expected to restrain the market growth. The government measures of strict carbon emission regulations are encouraging gas turbine manufacturers to invest in the research and development of high efficiency gas turbine at low costs.

Based on technology, open cycle occupies major market share owing to its lightweight, quick start, compact size, lower warm up, and operational efficiency. In addition, deployment of open cycle gas turbine in aircrafts owing to light weight, high rotation speed, and lower water consumption is expected to boost the adoption of open cycle technology in forthcoming years.

Heavy duty turbines dominates the global gas turbine market owing to increase in number of large-gas fired power plants and their integrity with combined cycle plants to enable high flexibility and lower emissions. The major applications of gas turbine include power generation, oil and gas, and others. Among these, power generation accounted for major share during the forecast period. Globally, Asia Pacific region leads the gas turbine industry due to energy demand from emerging nations such as China, India, and others. Rapid industrialisation , urbanisation, and infrastructural developments are further projecting the gas turbines market growth.

Global Gas Turbine Market Insights

The 2020 series of global market size, share, outlook, trends and growth prospects is a comprehensive analysis on global gas turbine market conditions. Major trends shaping the near and long term future of the industry, opportunities, drivers and restraints of gas turbine market, detailed porter’s five forces analysis and competitive insights are included in the research report.

Global Gas Turbine Market forecasts by Technology

The report provides detailed gas turbine market forecasts by various technologies including combined cycle and open cycle.  Among these technologies, open cycle is forecasted to dominate the industry growth.

Global Gas Turbine Market Size by Design

The report presents in-depth insights into each of the leading gas turbine designs along with annual forecasts to 2026. Various deigns that are studied in the report include Heavy Duty, and Aeroderivative. Of these, heavy duty dominates the global gas turbine market during the forecast period 2020 to 2026.

Global Gas Turbine Market Share by Capacity

The report presents the detailed annual outlook of each capacity type of the gas turbine market to 2026. The report studied 5 capacities including Less than 40 MW, 40-100 MW, 100-250 MW, 250-500 MW, and Above 500 MW. Among these, gas turbines ranging from 250MW to 500MW expected occupy major market share during the forecast period.

Global Gas Turbine Market Revenue by Region

The current gas turbine market size in terms of revenue across 5 regions including North America, Europe, Asia Pacific, South & Central America and Middle East & Africa are studied in the report. In addition, historic data from 2017 and annual forecasts to 2026 are also included in the research report. Globally, Asia Pacific is the major revenue contributor to the global market.

Global Gas Turbine Market Analysis by Company

Top 10 leading companies in global Gas Turbine market are analyzed in the report along with their business overview, operations, geographical locations, financial analysis, SWOT profile and gas turbine products & services.

Global Gas Turbine Market News and Recent Developments

Latest news and industry developments in terms of gas turbine capacity expansions, acquisitions, organic & inorganic growth strategies, joint ventures and collaborations, product launches, market expansions etc are included in the report.

Scope

Long term perspective on the Gas Turbine industry: 2019 (base year), 2020- 2026 (forecast period)

Gas Turbine Market- Forecasts by Segments- Technology, Design, and Capacity by geography.

  1. The research work categorizes the global gas turbine market based on technology into 2 categories including combined cycle and open cycle.
  2. It provides the gas turbine market outlook by 2 designs including Heavy Duty, and Aeroderivative.
  3. The research work segmented the global gas turbine market outlook by 5 capacities including Less than 40 MW, 40-100 MW, 100-250 MW, 250-500 MW, and Above 500 MW.
  4. Gas turbine market across countries in 5 regions including North America, Europe, Asia-Pacific, South & Central America and Middle East & Africa are covered.

Gas Turbine Market- Strategic Analysis Review

  1. Key strategies opted by leading players
  2. Short to Long Term Industry Trends
  3. Porter’s Five Forces Analysis
  4. Supply side and Demand Side Drivers and Challenges

Gas Turbine Market- Growth Opportunities

  1. Potential New Business Opportunities
  2. Key Areas of Focus in forecast period

Gas Turbine Market- Competitive Scenario

  1. 10 companies are analysed in the report including GE Energy, Siemens, MHPS, Ansaldo Energia, MHI, Harbin Electric, Solar Turbines, Nanjing Turbines, BHEL, and Kawasaki Heavy Industries.
  2. Company Peer-to-Peer Comparison
  3. Company Profile and SWOT Analysis
  4. Financial Analysis

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Table of Contents



1. Table of Contents
1.1 List of Tables
1.2 List of Figures



2. Introduction to Global Gas Turbine Market
2.1 Global Gas Turbine Market Snapshot, 2019
2.2 Gas Turbine Industry Overview
2.3 Research Perspective



3. Global Gas Turbine Market- Strategic Analysis 
3.1 Short Term and Long Term Industry Trends Affecting Global Gas Turbine Market
3.2 Leading Gas Turbine Types Targeted by Global Manufacturers 
3.3 Key Consumption Patterns of Gas Turbine
3.4 Potential Markets Vital for business Expansion 
3.5 Five Forces Analysis
3.6 Drivers and Restraints



4. Global Gas Turbine Market Outlook and Growth Opportunities by Technology
4.1 Combined Cycle Technology Demand in Gas Turbine Market Outlook, 2020- 2026
4.2 Open Cycle Technology Demand Gas Turbine Market Outlook, 2020- 2026



5. Global Gas Turbine Market Outlook and Growth Opportunities by Design
5.1 Gas Turbine Demand by Heavy Duty, Market Outlook, 2020- 2026
5.2 Gas Turbine Demand by Aeroderivative, Market Outlook, 2020- 2026



6. Global Gas Turbine Market Outlook and Growth Opportunities by Capacity
6.1 Below 40 MW Capacity Gas Turbine Market Outlook, 2020- 2026
6.2 40 to 100 MW Capacity Gas Turbine Market Outlook, 2020- 2026
6.3 100 MW to 250 MW Capacity Gas Turbine Market Outlook, 2020- 2026
6.4 250 to 500 MW Capacity Gas Turbine Market Outlook, 2020- 2026
6.5 Above 500 MW Capacity Gas Turbine Market Outlook, 2020- 2026



7. Asia Pacific Gas Turbine Market Outlook and Growth Opportunities
7.1 Key Findings, 2019
7.2 Asia Pacific Gas Turbine Market Outlook by Technology, 2020- 2026
7.3 Asia Pacific Gas Turbine Market Outlook by Design, 2020- 2026
7.4 Asia Pacific Gas Turbine Market Outlook by Capacity, 2020- 2026
7.5 Asia Pacific Gas Turbine Market Outlook by Country, 2020- 2026



8. Europe Gas Turbine Market Outlook and Growth Opportunities
8.1 Key Findings, 2019
8.2 Europe Gas Turbine Market Outlook by Technology, 2020- 2026
8.3 Europe Gas Turbine Market Outlook by Design, 2020- 2026
8.4 Europe Gas Turbine Market Outlook by Capacity, 2020- 2026
8.5 Europe Gas Turbine Market Outlook by Country, 2020- 2026



9. North America Gas Turbine Market Outlook and Growth Opportunities
9.1 Key Findings, 2019
9.2 North America Gas Turbine Market Outlook by Technology, 2020- 2026
9.3 North America Gas Turbine Market Outlook by Design, 2020- 2026
9.4 North America Gas Turbine Market Outlook by Capacity, 2020- 2026
9.5 North America Gas Turbine Market Outlook by Country, 2020- 2026



10. South & Central America Gas Turbine Market Outlook and Growth Opportunities
10.1 Key Findings, 2019
10.2 South & Central America Gas Turbine Market Outlook by Technology, 2020- 2026
10.3 South & Central America Gas Turbine Market Outlook by Design, 2020- 2026
10.4 South & Central America Gas Turbine Market Outlook by Capacity, 2020- 2026
10.5 South & Central America Gas Turbine Market Outlook by Country, 2020- 2026



11. Middle East & Africa Gas Turbine Market Outlook and Growth Opportunities
11.1 Key Findings, 2019
11.2 Middle East & Africa Gas Turbine Market Outlook by Technology, 2020- 2026
11.3 Middle East & Africa Gas Turbine Market Outlook by Design, 2020- 2026
11.4 Middle East & Africa Gas Turbine Market Outlook by Capacity, 2020- 2026
11.5 Middle East & Africa Gas Turbine Market Outlook by Country, 2020- 2026



12. Competitive Landscape
12.1 Leading Players (Company Profile, SWOT Analysis, Gas Turbine Products, Financial Analysis)
12.1.1 GE Energy
12.1.2 Siemens
12.1.3 MHPS
12.1.4 Ansaldo Energia
12.1.5 MHI
12.1.6 Harbin Electric
12.1.7 Solar Turbines
12.1.8 Nanjing Turbines
12.1.9 BHEL
12.1.10 Kawasaki Heavy Industries
12.2 Company Benchmarking 
12.3 Financial Analysis



13. Recent News and Deals Landscape
13.1 Mergers and Acquisitions
13.2 New Product Launches
13.3 Asset Transactions
13.4 Financial Announcements



14. Appendix
14.1 OGAnalysis Expertise
14.2 Sources and Research Methodology
14.3 Contact Information
 



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