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Market Scenario:A gas turbine, also called as a combustion turbine, is a type of internal combustion engine. It has an upstream rotating compressor which is coupled to a downstream turbine with a combustion chamber in between called a combustor. The basic working of the gas turbine is similar to that of the steam power plant except that the operational fluid, here, is air instead of water. Gas Turbines are available in various capacity for various applications. The market is driven by the increasing need for reliable electric supply and subsequent investment in producing new generating capacity, high productivity & low carbon discharge features of natural gas-fired power plants, and new shale gas exploration.
Gas Turbines are widely accepted under any situation around the world as they have very high power-to-weight ratio, compared to reciprocating engines. Gas turbines are installed in power generation, oil & gas, industrial, marine and aviation sector. The constant need for electricity and the unstable power supply situation in most developing countries will aid in the growth of the gas turbines market over the forecast period. Fluctuation in international trade of natural gas and continuing distress over stable natural gas supply are restraining the gas turbine market.
The market is expected to grow at a CAGR of 4% during the forecast period.
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Study Objectives of Global Gas Turbine Market
To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global Gas Turbine market.
To provide insights about factors affecting the market growth
To analyze the global Gas Turbine market based on various tools such as Supply Chain Analysis, and Porter’s Five Forces Analysis
To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
To provide country level analysis of the market with respect to the current market size and future prospective
To provide country level analysis of the market for segments by material type, product, application and region
To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Gas Turbine market
Global Gas Turbine Market
The gas turbines market is driven by the need of reliable electric supply at low operating and fuel costs, also growing investment towards the replacement of conventional matured structures with modern upgraded one. The Asia-Pacific region is the leading market for Gas Turbines. The rapid industrialization, urbanization, and fast economic growth in the countries such as India and China, will drive the market for Gas Turbines.
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Key Players
The key players of global gas turbine markets are General Electric (U.S.), Siemens AG (Germany), Mitsubishi Heavy Industries Ltd. (Japan), Alstom S.A (France), Kawasaki Heavy Industries, Ltd. (Japan), Bharat Heavy Electricals Limited. (India), Ansaldo Energia, (Italy), Rolls-Royce Holdings plc. (U.K), Harbin Electric Company Limited. (China), MAN Diesel & Turbo. (Germany), Vericor Power Systems. (Georgia) and Solar Turbines Incorporated. (U.S.A).
Intended Audience
Distributer & Supplier companies
End Users
Consultants and Investment bankers
Government as well as Independent Regulatory Authorities
Product Analysis
Product matrix which gives a detailed comparison of the market for different recycled product types
Additional Information
Regulatory Landscape
Pricing Analysis
Macroeconomic Indicators
Geographic Analysis
Geographical analysis across 15 countries
Company Information
Profiling of 13 key market players
In-depth analysis including SWOT analysis, and strategy information of related to report title
Competitive landscape including emerging trends adopted by major companies
The report for Global Gas Turbine Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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