Europe Middle East and Africa Gas Turbines Market - Forecasts from 2020 to 2025

February 2020 | 92 pages | ID: E301D9B9AEFFEN
Knowledge Sourcing Intelligence LLP

Abstracts

The Europe Middle East and Africa (EMEA) Gas Turbines Market is projected to grow at a CAGR of 2.33% to reach US$9.947 billion by 2025, from US$8.663 billion in 2019. Gas turbines are used, among others, in the aviation industry to turn the compressor, in manufacturing plants to produce power and run mechanical drives. An increase in the number of manufacturing plants or capacity is fueling the demand for energy and hence gas turbines. Improved efficiency and high reliability at a low capital cost are a major reason for the rising demand for gas turbines. The gas turbine plant can be run in a shorter time, and it requires less water as compared to other alternatives (like condensing steam plant). Effective waste heat brings an added advantage to the use of gas turbines. But, due to government regulations towards achieving a renewable means of manufacturing and a safer environmental condition for the workers, the Gas Turbine Market stands to face roadblocks in its growth. Emission control norms and rising gas prices are expected to hamper the growth of the market.

The growing adoption of energy-efficient technologies with a declining dependence on coal-fired power plants at the global level is contributing to the market growth of the EMEA Gas Turbine Market in the forecast period. The rising industrialization, urbanization and henceforth growing income are driving the demand for uninterrupted power supply to sustain the needs of the region. Meeting the growing need for electricity while keeping a check over the emissions, is expected to shift focus to natural gas-fired power plants. The technological innovations in gas turbines are expected to bring a positive change towards the use of gas turbines. Apart from uses of gas turbines in air and on land, they are also being used in the sea as mechanical drive gas turbines.

The aviation sector is expected to witness a substantial rise in the use of gas turbines due to increasing investments and rising airplane journeys. There is a newly emerging sector that would drive the growth of the gas turbines, which is aerospace. The number of diverse applications of the gas turbines is on a rise, which is the major contributor to the growth of this industry.

The Central and Eastern Europe region is expected to show higher growth prospects in the forecast period. The rising number of innovations and projects being carried out in power generation and, replacement of obsolete and depreciated equipment across regions in Europe and the Middle East is expected to boost the demand for gas turbines in this region. EMEA region is also witnessing hefty investments in power generation and oil and gas sectors. This is driving the growth of Gas Turbines Market. The rising population and increasing consumption of electricity are strengthening the demand for this market in this region. Though renewable energy is becoming a new trend, it cannot meet the rising demand for energy.

Segmentation:

• By Type
• Gas Cycle
• Combined Cycle
• Cogeneration
• By Power Rating
• <100 MW
• >100 MV- <300 MV
• >300 MW
• By Application
• Power Generation
• Oil & Gas
• Others
• By Geography
• United Kingdom
• Germany
• France
• Saudi Arabia
• Others

Contents

1. INTRODUCTION

1.1. Market Definition
1.2. Market Segmentation

2. RESEARCH METHODOLOGY

2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
  4.3.1. Bargaining Power of Suppliers
  4.3.2. Bargaining Power of Buyers
  4.3.3. Threat of New Entrants
  4.3.4. Threat of Substitutes
  4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. EUROPE MIDDLE EAST AND AFRICA (EMEA) GAS TURBINES MARKET ANALYSIS, BY TYPE

5.1. Introduction
5.2. Gas Cycle
5.3. Combined Cycle
5.4. Cogeneration
5.5. Others

6. EUROPE MIDDLE EAST AND AFRICA (EMEA) GAS TURBINES MARKET ANALYSIS, BY POWER RATING

6.1. Introduction
6.2. <100 MW
6.3. >100 MV- <300 MV
6.4. >300 MV

7. EUROPE MIDDLE EAST AND AFRICA (EMEA) GAS TURBINES MARKET ANALYSIS, BY APPLICATION

7.1. Introduction
7.2. Power Generation
7.3. Oil & Gas
7.4. Others

8. EUROPE MIDDLE EAST AND AFRICA (EMEA) GAS TURBINES MARKET ANALYSIS, BY GEOGRAPHY

8.1. Introduction
8.2. United Kingdom
  8.2.1. United Kingdom Gas Turbines Market, By Type, 2019 to 2025
  8.2.2. United Kingdom Gas Turbines Market, By Power Rating, 2019 to 2025
  8.2.3. United Kingdom Gas Turbine Market, By Application, 2019 to 2025
8.3. Germany
  8.3.1. Germany Gas Turbines Market, By Type, 2019 to 2025
  8.3.2. Germany Gas Turbines Market, By Power Rating, 2019 to 2025
  8.3.3. Germany Gas Turbine Market, By Application, 2019 to 2025
8.4. France
  8.4.1. France Gas Turbines Market, By Type, 2019 to 2025
  8.4.2. France Gas Turbines Market, By Power Rating, 2019 to 2025
  8.4.3. France Gas Turbine Market, By Application, 2019 to 2025
8.5. Saudi Arabia
  8.5.1. Saudi Arabia Gas Turbines Market, By Type, 2019 to 2025
  8.5.2. Saudi Arabia Gas Turbines Market, By Power Rating, 2019 to 2025
  8.5.3. Saudi Arabia Gas Turbine Market, By Application, 2019 to 2025
8.6. Others
  8.6.1. Others Gas Turbines Market, By Type, 2019 to 2025
  8.6.2. Others Gas Turbines Market, By Power Rating, 2019 to 2025
  8.6.3. Others Gas Turbine Market, By Application, 2019 to 2025

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES

10.1. Siemens AG
10.2. General Electric
10.3. Mitsubishi Hitachi Power Systems Europe, Ltd.
10.4. Toshiba Corporation
10.5. ABB