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The gas turbines market for power industry is forecasted to grow by USD 2.55 billion during 2023-2028, accelerating at a CAGR of 2.31% during the forecast period. The report on the gas turbines market for power industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth of distributed power generation base, increase in CCGT power plants, and focus on reduction of carbon emissions.
The gas turbines market for power industry is segmented as below:
By Product
- Heavy-duty gas turbine
- Aeroderivative gas turbine
By Technology
- CCGT
- OCGT
By Geography
- APAC
- North America
- Europe
- Middle East and Africa
- South America
The report on the gas turbines market for power industry covers the following areas:
- Gas turbines market for power industry sizing
- Gas turbines market for power industry forecast
- Gas turbines market for power industry industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global gas turbines market for power industry: Ansaldo Energia Spa, Bharat Heavy Electricals Ltd., Capstone Green Energy Corp., Caterpillar Inc., Centrax Ltd., Cryostar, Doosan Corp., General Electric Co., Harbin Electric Co. Ltd., IHI Corp., JSC The Ural Turbine Works, Kawasaki Heavy Industries Ltd., MAN Energy Solutions SE, MAPNA Group Co., Mitsubishi Heavy Industries Ltd., Motor Sich JSC, OPRA Turbines BV, Pumori Energy Ltd., Siemens AG, and Vericor Power Systems.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is technological innovations in gas turbines."
According to the report, one of the major drivers for this market is the growth of distributed power generation base.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ansaldo Energia Spa
- Bharat Heavy Electricals Ltd.
- Capstone Green Energy Corp.
- Caterpillar Inc.
- Centrax Ltd.
- Cryostar
- Doosan Corp.
- General Electric Co.
- Harbin Electric Co. Ltd.
- IHI Corp.
- JSC The Ural Turbine Works
- Kawasaki Heavy Industries Ltd.
- MAN Energy Solutions SE
- MAPNA Group Co.
- Mitsubishi Heavy Industries Ltd.
- Motor Sich JSC
- OPRA Turbines BV
- Pumori Energy Ltd.
- Siemens AG
- Vericor Power Systems
