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The gas turbine market is forecasted to grow by USD 3.33 billion during 2024-2029, accelerating at a CAGR of 2.2% during the forecast period. The report on the gas turbine market 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 enhanced efficiency and robustness of gas turbines, growth of distributed power generation base, and expanding natural gas pipeline networks.
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The gas turbine market is segmented as below:
By Product
- Heavy-duty gas turbine
- Aeroderivative gas turbine
By Technology
- CCGT
- OCGT
By End-user
- Energy and utilities
- Oil and gas
- Aerospace and defense
- Manufacturing
- Marine
By Capacity
- Above 300 MW
- 40-120 MW
- 120-300 MW
- 1-40 MW
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
The report on the gas turbine market covers the following areas:
- Gas Turbine Market sizing
- Gas Turbine Market forecast
- Gas Turbine Market industry analysis
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 primary and secondary research. 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 accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Product
9 Market Segmentation by Technology
10 Market Segmentation by End-user
11 Market Segmentation by Capacity
12 Customer Landscape
13 Geographic Landscape
14 Drivers, Challenges, and Opportunity/Restraints
15 Competitive Landscape
16 Competitive Analysis
17 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global gas turbine market: Ansaldo Energia Spa, Bharat Heavy Electricals Ltd., Capstone Green Energy Corp., Caterpillar Inc., Destinus Energy, Doosan Heavy Industries and Construction Co. Ltd., GE Vernova Inc., Harbin Turbine Co. Ltd., IHI Corp., Kawasaki Heavy Industries Ltd., MAN Energy Solutions SE, MAPNA Group Co., Mitsubishi Power Ltd., Motor Sich JSC, MTU Aero Engines AG, Rolls Royce Holdings Plc, Shanghai Electric Group Co., Siemens Energy AG, Solar Turbines Inc., and Wartsila Corp..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing use of alternative types of fuel in aeroderivative gas turbines."
According to the report, one of the major drivers for this market is the enhanced efficiency and robustness of gas turbines.
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.
- Destinus Energy
- Doosan Heavy Industries and Construction Co. Ltd.
- GE Vernova Inc.
- Harbin Turbine Co. Ltd.
- IHI Corp.
- Kawasaki Heavy Industries Ltd.
- MAN Energy Solutions SE
- MAPNA Group Co.
- Mitsubishi Power Ltd.
- Motor Sich JSC
- MTU Aero Engines AG
- Rolls Royce Holdings Plc
- Shanghai Electric Group Co.
- Siemens Energy AG
- Solar Turbines Inc.
- Wartsila Corp.
