Gas Turbine Market Report with data tracker, emerging trends, sales forecast, opportunities and competitive intelligence

Global Gas Turbine Market is estimated to be over $19 billion in 2022. The research and analytics firm Datavagyanik released the updated version if its report on “Gas Turbine Market – Country wise Detailed Analysis, Business Opportunities and Forecasts”. The updated version of the report is released with latest data, industry trends and competitive benchmarking. The report makes use of analytical models to study country level market patterns and forecast for the next seven years.

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A gas turbine is an internal combustion engine that heats a mixture of fuel and outside air to a very high temperature in order to convert natural gas or other liquid into mechanical energy by rotating the turbine blades. This mechanical energy feeds the generator, which produces electrical energy. Gas turbines have several advantages such as low operating pressures, high power-to-weight ratio and are smaller compared to most reciprocating engines of the same power rating. The implementation of various climate protection initiatives along with regulations to reduce greenhouse gas emissions are expected to lead to an increasing demand for gas turbines over the forecast period. Electricity demand is expected to increase by almost a third of current demand over the next few years. Major gas producing regions including the US, Middle East and Russia are undergoing a major restructuring of their power generation base to quickly follow gas-fired power generation.

The report covers analysis on over 25 market players including the below mentioned players:

• IHI Corporation
• Wartsila
• Doosan Heavy Industries & Construction
• Mitsubishi Heavy Industries, Ltd.
• Kawasaki Heavy Industries, Ltd.
• Siemens Energy
• Rolls-Royce plc
• United Engine Corporation
• Harbin Electric Machinery Company Limited
• MTU Aero Engines AG
• MAPNA Group
• OPRA Turbines
• Solar Turbines Incorporated
• Centrax Gas Turbine
• Capstone Green Energy Corporation
• General Electric
• AnsaldoEnergia
• Vericor Power Systems
• ZoryaMashproekt
• MAN Energy Solutions
• Bharat Heavy Electricals Limited
• Others

 

Research Objective

• To provide a comprehensive analysis of the Gas Turbine Industry, thereby providing a detailed structure of the market.
• To provide detailed insights into factors driving and restraining the growth of the Gas Turbine Industry.
• To estimate the market size of each market segment which in turn is responsible for revenue generation of the respective countries.                                          
• To provide strategic profiling of key companies present across the globe, and comprehensively analyze their competitiveness/competitive landscape in this market.
• To identify business opportunities in the Gas Turbine Market
• To provide a country wise market forecast for market segments and sub-segments for the period (2021 – 2027).
• Product portfolio analysis and market share analysis.

Insightful findings addressed through this market intelligence report:

• Country-wise market size and forecast is vital in understanding the current market potential and future scenario.
• Helps industry participants/organizations in strategizing their sales decisions.
• Supports organizations in business expansion and setting up a new business across potential geographical regions.
• Helps market participants in identifying potential end users and business segments, thereby, helping them in taking effective business decisions.
• Helps business sectors to align themselves with innovative market trends.
• Strategic recommendations based on global market forecasts over the forecast timeframe is useful in gauging future prospects of the market and planning long term business moves.

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Gas Turbine Market Study Contents:

• Gas Turbine Market executive summary and country wise data tracker.
• North America Gas Turbine Market Analysis, segment level details, historical data and forecast (United States, Canada).
• Europe Gas Turbine Market Analysis, segment level details, historical data and forecast (Germany, France, Italy, Spain, UK, Rest of Europe).
• Asia Pacific Gas Turbine Market Analysis, segment level details, historical data and forecast (China, India, Japan, South Korea, Indonesia, Australia, Rest of Asia-Pacific).
• Rest of the World (Latin America, Middle East, Africa).
• Segment/sub segment level insights, revenue figures and forecast.
• Analysis on over 20 market participants with competitive benchmarking, segment revenues and business strategies.

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Key Questions Answered by This Study

• What was the Gas Turbine market size for historic years?
• How will the Gas Turbine market grow over the forecast years i.e. from 2022 – 2030?
• What is the year-on-year growth rate?
• Who are the key target audiences for the market?
• Analysis derived through consumption perspective and expenditure perspective.
• Micro and macro factors?
• Internal and External Variables?
• Purchasing powers from the perspective of end users.
• What are the marketing techniques that a company should adopt in order to advertise their brand or product or services?
• How will the market drivers, restraints and future opportunities have an impact on the market dynamics and an analysis supporting the ongoing market trends?
• Which segment and region are driving the market growth and how?
• Which are the major countries actively contributing towards the market development?
• What would be market size of each segment in major countries which in turn is responsible for revenue generation of the respective regions?
• Who are the visionaries, leaders, challengers and niche market participants of the Gas Turbine market?
• Strategic initiatives taken by Gas Turbine market participants and their influence in the market growth.
• What are goals that need to be mapped by the Gas Turbine market participants for introducing a product or expanding regional presence?

Key Players Insights:

The research provides a comprehensive analysis of market participants with coverage on company portfolio, growth strategies, target customers, operating geography and other updates. The study provides analysis on over 25 market participants including:

• IHI Corporation
• Wartsila
• Doosan Heavy Industries & Construction
• Mitsubishi Heavy Industries, Ltd.
• Kawasaki Heavy Industries, Ltd.
• Siemens Energy
• Rolls-Royce plc
• United Engine Corporation
• Harbin Electric Machinery Company Limited
• MTU Aero Engines AG
• MAPNA Group
• OPRA Turbines
• Solar Turbines Incorporated
• Centrax Gas Turbine
• Capstone Green Energy Corporation
• General Electric
• AnsaldoEnergia
• Vericor Power Systems
• ZoryaMashproekt
• MAN Energy Solutions
• Bharat Heavy Electricals Limited
• Others

Gas Turbine Market Segmentation

Gas Turbine Analysis, by Capacity:

• > 500 KW to 1 MW
• > 1 MW to 30 MW
• < 50 KW
• 50 KW to 500 KW
• > 30 MW to 70 MW
• > 70 MW to 200 MW
• > 200 MW

Gas Turbine Analysis, by Technology:

• Combined Cycle
• Open Cycle

 

Gas Turbine Analysis, by Design:

• Heavy-duty
• Aero-derivative

Gas Turbine Analysis, by Application:

• Process plants
• Power Plants
• Oil & Gas
• Aviation
• Marine
• Others

Gas Turbine Market revenue and forecast for the period (till 2030), by Region:

North America Gas Turbine Market

• United States
• Canada

Europe Gas Turbine Market

• Germany
• France
• Italy
• Spain
• UK
• Rest of Europe

Asia-Pacific Gas Turbine Market

• China
• India
• Japan
• South Korea
• Indonesia
• Australia

Latin America Gas Turbine Market

• Brazil
• Mexico
• Argentina

Middle East & Africa Gas Turbine Market

• Saudi Arabia
• UAE
• Egypt
• Rest of Middle East & Africa

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