Gas Turbine Market by Technology (Open Cycle and Combined Cycle), Design Type (Heavy Duty and Aeroderivative), End User (Power Generation, Oil & Gas), Rated Capacity (1–40 MW, 40–120 MW, 120–300 MW, Above 300 MW) and Region - Global Forecast to 2026
The gas turbine market was valued at USD 18.9 Billion in 2021 and is projected to reach USD 22.5 Billion by 2026, at a CAGR of 3.6% during the forecast period. The gas turbine market is on course for intense growth across different end use industries such as power generation, oil & gas, and other industrial. The other industrial segment includes mechanical drive processes in the steel, aluminum, and manufacturing industries.
“Heavy duty segment dominated the gas turbine market in 2020”
By design type, heavy duty segment dominated the market in 2020. Demand for large gas turbines for power generation is rising due to the stringent emissions standards and high-efficiency standards across the globe. Combined cycle plants with heavy duty turbines enable high flexibility and low emissions.
“Combined Cycle dominated the gas turbine market in 2020”
By technology, combined cycle segment accounted for the largest share of the gas turbine market in 2020. These plants offer nearly one-third more power for approximately the same fuel costs. They also have lower total emissions since the exhaust is utilized for other operational purposes.
“Asia Pacific dominated the gas turbine market in 2020”
Asia Pacific market accounted for the largest share in 2020. Investment in new large gas-fired combined cycle power generation plants and large coal-fired plants, along with rising electricity demand, is expected to drive the Asia Pacific gas turbines market’s growth over the next five years.
Profile break-up of primary participants for the report:
Research Coverage:
The report defines, segments, and projects the gas turbine market based on, design type, technology, rated capacity, end user, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and challenges. It analyzes competitive developments, such product launches, contracts, partnerships, agreements, collaborations, undertaken by the players in the market.
Reasons to Buy the Report:
The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the gas turbine market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
“Heavy duty segment dominated the gas turbine market in 2020”
By design type, heavy duty segment dominated the market in 2020. Demand for large gas turbines for power generation is rising due to the stringent emissions standards and high-efficiency standards across the globe. Combined cycle plants with heavy duty turbines enable high flexibility and low emissions.
“Combined Cycle dominated the gas turbine market in 2020”
By technology, combined cycle segment accounted for the largest share of the gas turbine market in 2020. These plants offer nearly one-third more power for approximately the same fuel costs. They also have lower total emissions since the exhaust is utilized for other operational purposes.
“Asia Pacific dominated the gas turbine market in 2020”
Asia Pacific market accounted for the largest share in 2020. Investment in new large gas-fired combined cycle power generation plants and large coal-fired plants, along with rising electricity demand, is expected to drive the Asia Pacific gas turbines market’s growth over the next five years.
Profile break-up of primary participants for the report:
- By Company Type: Tier 1 – 65%, Tier 2 – 20%, and Tier 3 – 15%
- By Designation: C-level – 25%, Director Level – 30%, and Others– 45%
- By Region: Asia Pacific – 40%, North America – 30%, Europe – 20%, South America – 3%, Middle East & Africa – 7%
Research Coverage:
The report defines, segments, and projects the gas turbine market based on, design type, technology, rated capacity, end user, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and challenges. It analyzes competitive developments, such product launches, contracts, partnerships, agreements, collaborations, undertaken by the players in the market.
Reasons to Buy the Report:
The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the gas turbine market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION
1.1 OBJECTIVES OF STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONAL SCOPE
1.4 INCLUSIONS & EXCLUSIONS
1.4.1 GAS TURBINE MARKET, BY REGION: INCLUSIONS & EXCLUSIONS
1.4.2 YEARS CONSIDERED FOR STUDY
1.5 CURRENCY
1.6 UNIT CONSIDERED
1.7 RESEARCH LIMITATIONS
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 GAS TURBINE MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primary interviews
2.2 MATRIX CONSIDERED FOR DEMAND-SIDE
FIGURE 2 MAIN MATRIX CONSIDERED WHILE CONSTRUCTING AND ASSESSING DEMAND FOR GAS TURBINE
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 5 METHODOLOGY FOR SUPPLY-SIDE SIZING OF GAS TURBINE MARKET
FIGURE 6 METHODOLOGY FOR SUPPLY-SIDE SIZING OF GAS TURBINE MARKET (2/2)
2.3.2.1 Calculations for supply-side analysis
2.3.3 FORECAST
2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
2.5 DATA TRIANGULATION
FIGURE 7 GAS TURBINE MARKET: DATA TRIANGULATION
2.6 KEY ASSUMPTIONS WHILE CALCULATING DEMAND-SIDE MARKET SIZE
2.7 LIMITATIONS
2.8 RISK ANALYSIS
3 EXECUTIVE SUMMARY
TABLE 1 GAS TURBINE MARKET SNAPSHOT
FIGURE 8 ASIA PACIFIC HELD LARGEST SHARE OF GAS TURBINE MARKET IN 2020
FIGURE 9 COMBINED CYCLE SEGMENT IS EXPECTED TO LEAD GAS TURBINE MARKET, BY TECHNOLOGY, DURING FORECAST PERIOD
FIGURE 10 POWER GENERATION WAS LARGEST END-USER SEGMENT FOR GAS TURBINES IN 2020
FIGURE 11 GAS TURBINES OF ABOVE 300 MW RATING CAPACITY ARE EXPECTED TO DOMINATE MARKET DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 SIGNIFICANT OPPORTUNITIES IN GAS TURBINE MARKET
FIGURE 12 REPLACEMENT OF PHASED NUCLEAR & COAL POWER PLANTS ALONG WITH REQUIREMENT OF EFFICIENT POWER GENERATION TECHNOLOGY IS EXPECTED TO DRIVE GAS TURBINE MARKET GROWTH
4.2 GAS TURBINE MARKET, BY REGION
FIGURE 13 GAS TURBINE MARKET IN SOUTH AMERICA IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.3 GAS TURBINE MARKET, BY TECHNOLOGY
FIGURE 14 COMBINED CYCLE SEGMENT HELD LARGEST SIZE OF GAS TURBINE MARKET IN 2020
4.4 GAS TURBINE MARKET, BY DESIGN TYPE
FIGURE 15 HEAVY DUTY SEGMENT DOMINATED GAS TURBINE MARKET IN 2020
4.5 GAS TURBINE MARKET, BY RATED CAPACITY
FIGURE 16 ABOVE 300 MW SEGMENT DOMINATED GAS TURBINE MARKET IN 2020
4.6 GAS TURBINE MARKET, BY END-USER
FIGURE 17 POWER GENERATION SEGMENT DOMINATED GAS TURBINE MARKET IN 2020
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 MARKET DYNAMICS FOR GAS TURBINE MARKET
5.2.1 DRIVERS
5.2.1.1 Increasing demand for natural gas-fired power plants
FIGURE 19 NATURAL GAS CONSUMPTION, 2017–2019
5.2.1.2 Rising demand for electricity
FIGURE 20 GLOBAL ELECTRICITY GENERATION, 2016–2020
FIGURE 21 ELECTRICITY GENERATION OF SOME MAJOR COUNTRIES, 2016–2020
FIGURE 22 ELECTRICITY GENERATION BY NATURAL GAS OF SOME MAJOR COUNTRIES
5.2.1.3 Efficient power generation technology
5.2.1.4 Reduction in emission of carbon dioxide
5.2.1.5 Impact of shale gas
FIGURE 23 IMPACT OF DRIVERS ON GAS TURBINE MARKET
5.2.2 RESTRAINTS
5.2.2.1 Natural gas price volatility
5.2.2.2 Natural gas infrastructure concerns
FIGURE 24 IMPACT OF RESTRAINTS ON GAS TURBINE MARKET
5.2.3 OPPORTUNITIES
5.2.3.1 Increased trend of distributed power generation
5.2.3.2 Replacement of phased out nuclear & coal plants
FIGURE 25 US: NATURAL GAS EXPORT, 2016–2020
FIGURE 26 IMPACT OF OPPORTUNITIES ON GAS TURBINE MARKET
5.2.4 CHALLENGES
5.2.4.1 Shifting focus toward renewable energy
5.2.4.2 Impact of COVID-19 on gas turbine market
FIGURE 27 IMPACT OF CHALLENGES ON GAS TURBINE MARKET
5.3 PORTER'S FIVE FORCES ANALYSIS
FIGURE 28 GAS TURBINE MARKET: PORTER'S FIVE FORCES ANALYSIS
TABLE 2 GAS TURBINE MARKET: PORTER'S FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 ECOSYSTEM/MARKET MAP
FIGURE 29 GAS TURBINE MARKET: ECOSYSTEM/MARKET MAP
5.5 PRICING ANALYSIS
TABLE 3 AVERAGE PRICE OF GAS TURBINE, BY TECHNOLOGY
FIGURE 30 INSTALLED COST FOR GAS TURBINE
5.6 CASE STUDY ANALYSIS
5.6.1 CASE STUDY 1
5.6.1.1 2 MS6001B Gas turbine & GTE EcoValue 400i Water Wash System
5.6.2 CASE STUDY 2
5.6.2.1 CHP System for a Chemical Manufacturer: 30 MW-class
CHP System with Green Gas Turbine for Chemical Manufacturing
5.7 IMPACT OF COVID-19 ON SUPPLY CHAIN
5.8 VALUE CHAIN
FIGURE 31 GAS TURBINE MARKET: VALUE CHAIN
5.9 REGULATORY LANDSCAPE
5.10 TECHNOLOGY ANALYSIS
5.10.1 NEW REDUCED EMISSIONS
5.10.2 NEW TURBINES
5.10.3 ADAPTING TO AN EXTENDED FUEL SPECTRUM
5.11 TRADE DATA
5.11.1 GAS TURBINE IMPORT DATA
5.11.2 GAS TURBINE EXPORT DATA
5.12 PATENT ANALYSIS
5.12.1 METHODOLOGY
5.12.2 DOCUMENT TYPE
FIGURE 32 NUMBER OF GRANTED PATENT, PATENT APPLICATION, AND LIMITED PATENT
FIGURE 33 PUBLICATION TRENDS - LAST 10 YEARS
5.13 INSIGHT
5.13.1 LEGAL STATUS OF THE PATENTS
FIGURE 34 LEGAL STATUS OF THE PATENTS
5.13.2 JURISDICTION ANALYSIS
FIGURE 35 TOP JURISDICTION- BY DOCUMENT
5.13.3 TOP COMPANIES/APPLICANTS
FIGURE 36 TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS
TABLE 4 LIST OF PATENTS BY UNITED TECHNOLOGIES CORP
TABLE 5 LIST OF PATENTS BY GEN ELECTRIC
TABLE 6 LIST OF PATENTS BY SIEMENS AG
TABLE 7 TOP 10 PATENT OWNERS (US) IN LAST 10 Y EARS
6 GAS TURBINE MARKET, BY DESIGN TYPE
6.1 INTRODUCTION
FIGURE 37 HEAVY DUTY SEGMENT TO LEAD GAS TURBINE MARKET DURING FORECAST PERIOD
TABLE 8 GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2017–2020 (USD MILLION)
TABLE 9 GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2021–2026 (USD MILLION)
6.2 HEAVY DUTY
6.2.1 INCREASED NUMBER OF GAS-FIRED POWER PLANTS TO ENHANCE DEMAND FOR HEAVY DUTY SEGMENT
TABLE 10 HEAVY DUTY: GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 11 HEAVY DUTY: GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
6.3 AERODERIVATIVE
6.3.1 DEMAND FOR HIGHLY EFFICIENT SIMPLE CYCLE GAS TURBINES IS EXPECTED TO PROPEL DEMAND
TABLE 12 AERODERIVATIVE: GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 13 AERODERIVATIVE: GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
7 GAS TURBINE MARKET, BY TECHNOLOGY
7.1 INTRODUCTION
FIGURE 38 COMBINED CYCLE SEGMENT TO LEAD GAS TURBINE MARKET DURING FORECAST PERIOD
TABLE 14 GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 15 GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
7.2 OPEN CYCLE
7.2.1 LOW COST AND LESSER SPACE REQUIREMENT OF OPEN CYCLE GAS TURBINE IS EXPECTED TO ENHANCE DEMAND OF SEGMENT
TABLE 16 OPEN CYCLE: GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 17 OPEN CYCLE: GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
7.3 COMBINED CYCLE
7.3.1 MORE POWER AND LOWER EMISSION WILL DRIVE MARKET FOR THIS SEGMENT
TABLE 18 COMBINED CYCLE: GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 19 COMBINED CYCLE: GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
8 GAS TURBINE MARKET, BY RATED CAPACITY
8.1 INTRODUCTION
FIGURE 39 ABOVE 300 MV SEGMENT TO LEAD GAS TURBINE MARKET DURING FORECAST PERIOD
TABLE 20 GAS TURBINE MARKET SIZE, BY RATED CAPACITY, 2017–2020 (USD MILLION)
TABLE 21 GAS TURBINE MARKET SIZE, BY RATED CAPACITY, 2021–2026 (USD MILLION)
8.2 1–40 MW
8.2.1 INCREASING INVESTMENT IN DISTRIBUTED POWER GENERATION IS EXPECTED TO ENHANCE DEMAND FOR SEGMENT
TABLE 22 1–40 MW: GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 23 1–40 MW: GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
8.3 40–120 MW
8.3.1 INCREASED COGENERATION APPLICATIONS IN CHP PLANTS WILL ENHANCE MARKET SEGMENT
TABLE 24 40–120 MW: GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 25 40–120 MW: GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
8.4 120–300 MW
8.4.1 GROWING DEMAND FOR COMBINED CYCLE POWER PLANTS IS EXPECTED TO ENHANCE DEMAND
TABLE 26 120–300 MW: GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 27 120–300 MW: GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
8.5 ABOVE 300 MW
8.5.1 REPLACEMENT OF OLD COAL-FIRED POWER GENERATION CAPACITY WILL BE DRIVING FACTOR FOR SEGMENT
TABLE 28 ABOVE 300 MW: GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 29 ABOVE 300 MW: GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
9 GAS TURBINE MARKET, BY END-USER
9.1 INTRODUCTION
FIGURE 40 POWER GENERATION SEGMENT TO LEAD GAS TURBINE MARKET DURING FORECAST PERIOD
TABLE 30 GAS TURBINE MARKET SIZE, BY END-USER, 2017–2020 (USD MILLION)
TABLE 31 GAS TURBINE MARKET SIZE, BY END-USER, 2021–2026 (USD MILLION)
9.2 POWER GENERATION
9.2.1 GROWING ELECTRICITY DEMAND IS EXPECTED TO ENHANCE DEMAND FOR GAS TURBINES IN POWER GENERATION
TABLE 32 POWER GENERATION: GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 33 POWER GENERATION: GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
9.3 OIL & GAS
9.3.1 VARIOUS APPLICATION OF GAS TURBINE IN OIL & GAS INDUSTRY IS EXPECTED TO FUEL DEMAND FOR SEGMENT
TABLE 34 OIL & GAS: GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 35 OIL & GAS: GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
9.4 OTHER INDUSTRIES
TABLE 36 OTHER INDUSTRIES: GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 37 OTHER INDUSTRIES: GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
10 GAS TURBINE MARKET, BY REGION
10.1 INTRODUCTION
FIGURE 41 REGIONAL SNAPSHOT: RAPID GROWTH IN DEVELOPING MARKETS
TABLE 38 GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 39 GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
10.2 ASIA PACIFIC
FIGURE 42 ASIA PACIFIC GAS TURBINE MARKET SNAPSHOT
TABLE 40 ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 41 ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 42 ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2017–2020 (USD MILLION)
TABLE 43 ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2021–2026 (USD MILLION)
TABLE 44 ASIA PACIFIC: GAS TURBINE SIZE, BY RATED CAPACITY, 2017–2020 (USD MILLION)
TABLE 45 ASIA PACIFIC: GAS TURBINE SIZE, BY RATED CAPACITY, 2021–2026 (USD MILLION)
TABLE 46 ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY END–USER, 2017–2020 (USD MILLION)
TABLE 47 ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY END–USER, 2021–2026 (USD MILLION)
TABLE 48 ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY COUNTRY
2017–2020 (USD MILLION)
TABLE 49 ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY COUNTRY
2021–2026 (USD MILLION)
10.2.1 CHINA
10.2.1.1 Increase in electricity demand is driving growth of gas turbine market
TABLE 50 CHINA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 51 CHINA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.2.2 INDIA
10.2.2.1 India is moving towards a hydrogen economy, driving growth of gas turbine market
TABLE 52 INDIA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 53 INDIA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.2.3 JAPAN
10.2.3.1 Japan's increase in natural gas consumption drives gas turbine market
TABLE 54 JAPAN: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 55 JAPAN: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.2.4 SOUTH KOREA
10.2.4.1 Natural gas consumption is expected to increase due to increased electricity
TABLE 56 SOUTH KOREA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 57 SOUTH KOREA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.2.5 REST OF ASIA PACIFIC
TABLE 58 REST OF ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 59 REST OF ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.3 EUROPE
FIGURE 43 EUROPE: GAS TURBINE MARKET SNAPSHOT
TABLE 60 EUROPE: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 61 EUROPE: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 62 EUROPE: GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2017–2020 (USD MILLION)
TABLE 63 EUROPE: GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2021–2026 (USD MILLION)
TABLE 64 EUROPE: GAS TURBINE SIZE, BY RATED CAPACITY, 2017–2020 (USD MILLION)
TABLE 65 EUROPE: GAS TURBINE SIZE, BY RATED CAPACITY, 2021–2026 (USD MILLION)
TABLE 66 EUROPE: GAS TURBINE MARKET SIZE, BY END–USER, 2017–2020 (USD MILLION)
TABLE 67 EUROPE: GAS TURBINE MARKET SIZE, BY END–USER, 2021–2026 (USD MILLION)
TABLE 68 EUROPE: GAS TURBINE MARKET SIZE, BY COUNTRY
2017–2020 (USD MILLION)
TABLE 69 EUROPE: GAS TURBINE MARKET SIZE, BY COUNTRY
2021–2026 (USD MILLION)
10.3.1 GERMANY
10.3.1.1 Increase in demand for new gas-fired power plant capacity, expected to drive gas turbine market in Germany
TABLE 70 GERMANY: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 71 GERMANY: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.3.2 UK
10.3.2.1 Focus on renewables and natural gas-driven energy drives demand for gas turbine
TABLE 72 UK: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 73 UK: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.3.3 ITALY
10.3.3.1 Natural gas being one of the major sources of power generation, is expected to drive market
TABLE 74 ITALY: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 75 ITALY: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.3.4 RUSSIA
10.3.4.1 Growing investments related to natural gas and its usage will fuel gas turbine market
TABLE 76 RUSSIA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 77 RUSSIA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.3.5 REST OF EUROPE
TABLE 78 REST OF EUROPE: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 79 REST OF EUROPE: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.4 NORTH AMERICA
FIGURE 44 NORTH AMERICAN GAS TURBINE MARKET SNAPSHOT
TABLE 80 NORTH AMERICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 81 NORTH AMERICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 82 NORTH AMERICA: GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2017–2020 (USD MILLION)
TABLE 83 NORTH AMERICA: GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2021–2026 (USD MILLION)
TABLE 84 NORTH AMERICA: GAS TURBINE SIZE, BY RATED CAPACITY, 2017–2020 (USD MILLION)
TABLE 85 NORTH AMERICA: GAS TURBINE SIZE, BY RATED CAPACITY, 2021–2026 (USD MILLION)
TABLE 86 NORTH AMERICA: GAS TURBINE MARKET SIZE, BY END–USER, 2017–2020 (USD MILLION)
TABLE 87 NORTH AMERICA: GAS TURBINE MARKET SIZE, BY END–USER, 2021–2026 (USD MILLION)
TABLE 88 NORTH AMERICA: GAS TURBINE MARKET SIZE, BY COUNTRY
2017–2020 (USD MILLION)
TABLE 89 NORTH AMERICA: GAS TURBINE MARKET SIZE, BY COUNTRY
2021–2026 (USD MILLION)
10.4.1 US
10.4.1.1 Growth of new cogeneration and combined cycle power plants is expected to drive market
TABLE 90 US: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 91 US: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.4.2 CANADA
10.4.2.1 Growing number of combined cycle natural gas-fired power plants is expected to drive market
TABLE 92 CANADA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 93 CANADA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.4.3 MEXICO
10.4.3.1 Growing investments in power sector will lead to an increase in demand for gas turbine
TABLE 94 MEXICO: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 95 MEXICO: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.5 MIDDLE EAST & AFRICA
TABLE 96 MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 97 MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 98 MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2017–2020 (USD MILLION)
TABLE 99 MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2021–2026 (USD MILLION)
TABLE 100 MIDDLE EAST & AFRICA: GAS TURBINE SIZE, BY RATED CAPACITY, 2017–2020 (USD MILLION)
TABLE 101 MIDDLE EAST & AFRICA: GAS TURBINE SIZE, BY RATED CAPACITY, 2021–2026 (USD MILLION)
TABLE 102 MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY END–USER, 2017–2020 (USD MILLION)
TABLE 103 MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY END–USER, 2021–2026 (USD MILLION)
TABLE 104 MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 105 MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
10.5.1 SAUDI ARABIA
10.5.1.1 Efforts to increase natural gas-fired power generation are expected to boost Saudi Arabia’s demand for gas turbine market
TABLE 106 SAUDI ARABIA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 107 SAUDI ARABIA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.5.2 UAE
10.5.2.1 Growing demand for electricity is expected to drive market
TABLE 108 UAE: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 109 UAE: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.5.3 IRAN
10.5.3.1 Growing domestic demand for power is expected to drive gas turbine market
TABLE 110 IRAN: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 111 IRAN: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.5.4 EGYPT
10.5.4.1 Natural gas being major electricity generation fuel, is expected to propel demand for gas turbine
TABLE 112 EGYPT: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 113 EGYPT: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.5.5 REST OF MIDDLE EAST & AFRICA
TABLE 114 REST OF MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 115 REST OF MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.6 SOUTH AMERICA
TABLE 116 SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 117 SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 118 SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2017–2020 (USD MILLION)
TABLE 119 SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2021–2026 (USD MILLION)
TABLE 120 SOUTH AMERICA: GAS TURBINE SIZE, BY RATED CAPACITY, 2017–2020 (USD MILLION)
TABLE 121 SOUTH AMERICA: GAS TURBINE SIZE, BY RATED CAPACITY, 2021–2026 (USD MILLION)
TABLE 122 SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY END–USER, 2017–2020 (USD MILLION)
TABLE 123 SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY END–USER, 2021–2026 (USD MILLION)
TABLE 124 SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 125 SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
10.6.1 BRAZIL
10.6.1.1 Country's oil & gas sector is expected to boost gas turbine market
TABLE 126 BRAZIL: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 127 BRAZIL: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.6.2 ARGENTINA
10.6.2.1 Growing utilization of natural gas for production of electricity is expected to be one of the major growth factors for gas turbines in country
TABLE 128 ARGENTINA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 129 ARGENTINA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.6.3 REST OF SOUTH AMERICA
TABLE 130 REST OF SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 131 REST OF SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
11 COMPETITIVE LANDSCAPE
11.1 KEY PLAYERS' STRATEGIES
TABLE 132 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, 2018–2021
11.2 REVENUE ANALYSIS
FIGURE 45 REVENUE SHARE ANALYSIS IN GAS TURBINE MARKET
11.3 MARKET SHARE ANALYSIS
FIGURE 46 GAS TURBINE MARKET: MARKET SHARE ANALYSIS
TABLE 133 GAS TURBINE MARKET: DEGREE OF COMPETITION
11.3.1 GENERAL ELECTRIC
11.3.2 MITSUBISHI HEAVY INDUSTRIES, LTD.
11.3.3 SIEMENS ENERGY
11.3.4 ANSALDO ENERGIA
11.3.5 UNITED ENGINE CORPORATION
11.3.6 KAWASAKI HEAVY INDUSTRIES, LTD.
TABLE 134 GAS TURBINE MARKET: TECHNOLOGY FOOTPRINT
TABLE 135 GAS TURBINE MARKET: DESIGN FOOTPRINT
TABLE 136 GAS TURBINE MARKET: REGION FOOTPRINT
11.4 COMPANY EVALUATION QUADRANT
11.4.1 STARS
11.4.2 PERVASIVE
11.4.3 EMERGING LEADERS
11.4.4 PARTICIPANTS
FIGURE 47 GAS TURBINE MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2020
11.5 COMPETITIVE LEADERSHIP MAPPING OF SME, 2020
11.5.1 PROGRESSIVE COMPANIES
11.5.2 RESPONSIVE COMPANIES
11.5.3 STARTING BLOCKS
11.5.4 DYNAMIC COMPANIES
FIGURE 48 OTHER ADDITIONAL PLAYERS/SMES EVALUATION MATRIX FOR GAS TURBINE MARKET
11.6 COMPETITIVE SCENARIO
TABLE 137 GAS TURBINE MARKET: PRODUCT LAUNCHES, 2018–2021
TABLE 138 GAS TURBINE MARKET: DEALS, 2018–2021
TABLE 139 GAS TURBINE MARKET: OTHER DEVELOPMENTS, 2018–2021
12 COMPANY PROFILES
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1.1 GENERAL ELECTRIC
TABLE 140 GENERAL ELECTRIC: COMPANY OVERVIEW
FIGURE 49 GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 141 GENERAL ELECTRIC: PRODUCT OFFERINGS
TABLE 142 GENERAL ELECTRIC: PRODUCT LAUNCHES
TABLE 143 GENERAL ELECTRIC: DEAL
TABLE 144 GENERAL ELECTRIC: OTHERS
12.1.2 MITSUBISHI HEAVY INDUSTRIES, LTD.
TABLE 145 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW
FIGURE 50 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
TABLE 146 MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCT OFFERINGS
TABLE 147 MITSUBISHI HEAVY INDUSTRIES, LTD.: DEAL
TABLE 148 MITSUBISHI HEAVY INDUSTRIES, LTD.: OTHERS
12.1.3 SIEMENS ENERGY
TABLE 149 SIEMENS ENERGY: COMPANY OVERVIEW
FIGURE 51 SIEMENS ENERGY: COMPANY SNAPSHOT
TABLE 150 SIEMENS ENERGY: PRODUCT OFFERINGS
TABLE 151 SIEMENS ENERGY: DEALS
12.1.4 ANSALDO ENERGIA
TABLE 152 ANSALDO ENERGIA: COMPANY OVERVIEW
FIGURE 52 ANSALDO ENERGIA: COMPANY SNAPSHOT
TABLE 153 ANSALDO ENERGIA: PRODUCT OFFERINGS
TABLE 154 ANSALDO ENERGIA: PRODUCT LAUNCHES
TABLE 155 ANSALDO ENERGIA: DEALS
TABLE 156 ANSALDO ENERGIA: OTHERS
12.1.5 UNITED ENGINE CORPORATION
TABLE 157 UNITED ENGINE CORPORATION: COMPANY OVERVIEW
TABLE 158 UNITED ENGINE CORPORATION: PRODUCT OFFERINGS
TABLE 159 UNITED ENGINE CORPORATION: OTHERS
12.1.6 KAWASAKI HEAVY INDUSTRIES, LTD.
TABLE 160 KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW
FIGURE 53 KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
TABLE 161 KAWASAKI HEAVY INDUSTRIES, LTD.: PRODUCT OFFERINGS
TABLE 162 KAWASAKI HEAVY INDUSTRIES, LTD.: DEALS
TABLE 163 KAWASAKI HEAVY INDUSTRIES, LTD.: OTHERS
12.1.7 CAPSTONE GREEN ENERGY CORPORATION
TABLE 164 CAPSTONE GREEN ENERGY CORPORATION: COMPANY OVERVIEW
FIGURE 54 CAPSTONE GREEN ENERGY CORPORATION: COMPANY SNAPSHOT
TABLE 165 CAPSTONE GREEN ENERGY CORPORATION: PRODUCT OFFERINGS
TABLE 166 CAPSTONE GREEN ENERGY CORPORATION: DEALS
12.1.8 ROLLS-ROYCE PLC
TABLE 167 ROLLS-ROYCE PLC: COMPANY OVERVIEW
FIGURE 55 ROLLS-ROYCE PLC: COMPANY SNAPSHOT
TABLE 168 ROLLS-ROYCE PLC: PRODUCT OFFERINGS
12.1.9 HARBIN ELECTRIC MACHINERY COMPANY LIMITED
TABLE 169 HARBIN ELECTRIC MACHINERY COMPANY LIMITED: COMPANY OVERVIEW
FIGURE 56 HARBIN ELECTRIC MACHINERY COMPANY LIMITED: COMPANY SNAPSHOT
TABLE 170 HARBIN ELECTRIC MACHINERY COMPANY LIMITED: PRODUCT OFFERINGS
12.1.10 OPRA TURBINES
TABLE 171 OPRA TURBINES: COMPANY OVERVIEW
TABLE 172 OPRA TURBINES: PRODUCT OFFERINGS
TABLE 173 OPRA TURBINES: DEALS
12.1.11 SOLAR TURBINES INCORPORATED
TABLE 174 SOLAR TURBINES INCORPORATED: COMPANY OVERVIEW
TABLE 175 SOLAR TURBINES INCORPORATED: PRODUCT OFFERINGS
12.1.12 BHARAT HEAVY ELECTRICALS LIMITED
TABLE 176 BHARAT HEAVY ELECTRICALS LIMITED: COMPANY OVERVIEW
FIGURE 57 BHARAT HEAVY ELECTRICALS LIMITED: COMPANY SNAPSHOT
TABLE 177 BHARAT HEAVY ELECTRICALS LIMITED: PRODUCT OFFERINGS
12.1.13 CENTRAX GAS TURBINE
TABLE 178 CENTRAX GAS TURBINE: COMPANY OVERVIEW
TABLE 179 CENTRAX GAS TURBINE: PRODUCT OFFERINGS
12.1.14 MTU AERO ENGINES AG
TABLE 180 MTU AERO ENGINES AG: COMPANY OVERVIEW
FIGURE 58 MTU AERO ENGINES AG: COMPANY SNAPSHOT
TABLE 181 MTU AERO ENGINES AG: PRODUCT OFFERINGS
TABLE 182 MTU AERO ENGINES AG: DEALS
TABLE 183 MTU AERO ENGINES AG: OTHERS
12.1.15 IHI CORPORATION
TABLE 184 IHI CORPORATION: COMPANY OVERVIEW
FIGURE 59 IHI CORPORATION: COMPANY SNAPSHOT
TABLE 185 IHI CORPORATION: PRODUCT OFFERINGS
TABLE 186 IHI CORPORATION: DEALS
TABLE 187 WARTSILA: COMPANY OVERVIEW
FIGURE 60 WARTSILA: COMPANY SNAPSHOT
TABLE 188 WARTSILA: PRODUCT OFFERINGS
TABLE 189 WARTSILA: DEALS
TABLE 190 WARTSILA: OTHERS
12.1.17 DOOSAN HEAVY INDUSTRIES & CONSTRUCTION
TABLE 191 DOOSAN HEAVY INDUSTRIES & CONSTRUCTION: COMPANY OVERVIEW
FIGURE 61 DOOSAN HEAVY INDUSTRIES & CONSTRUCTION: COMPANY SNAPSHOT
TABLE 192 DOOSAN HEAVY INDUSTRIES & CONSTRUCTION: PRODUCT OFFERINGS
TABLE 193 DOOSAN HEAVY INDUSTRIES & CONSTRUCTION: DEALS
12.1.18 MAPNA GROUP
TABLE 194 MAPNA GROUP: COMPANY OVERVIEW
TABLE 195 MAPNA GROUP: PRODUCT OFFERINGS
TABLE 196 MAPNA GROUP: DEALS
TABLE 197 MAPNA GROUP: OTHERS
12.1.19 VERICOR POWER SYSTEMS
TABLE 198 VERICOR POWER SYSTEMS: COMPANY OVERVIEW
TABLE 199 VERICOR POWER SYSTEMS: PRODUCT OFFERINGS
TABLE 200 VERICOR POWER SYSTEMS: DEALS
12.1.20 ZORYA MASHPROEKT
TABLE 201 ZORYA MASHPROEK: COMPANY OVERVIEW
TABLE 202 ZORYA MASHPROEKT: PRODUCT OFFERINGS
TABLE 203 ZORYA MASHPROEKT: DEALS
TABLE 204 ZORYA MASHPROEKT: OTHERS
12.1.21 MAN ENERGY SOLUTIONS
TABLE 205 MAN ENERGY SOLUTIONS: COMPANY OVERVIEW
TABLE 206 MAN ENERGY SOLUTIONS: PRODUCT OFFERINGS
TABLE 207 MAN ENERGY SOLUTIONS: OTHERS
12.2 OTHER PLAYERS
12.2.1 POWER MACHINES
TABLE 208 POWER MACHINES: COMPANY OVERVIEW
12.2.2 GAS TURBINE RESEARCH ESTABLISHMENT
TABLE 209 GAS TURBINE RESEARCH ESTABLISHMENT: COMPANY OVERVIEW
12.2.3 HINDUSTAN AERONAUTICS LIMITED
TABLE 210 HINDUSTAN AERONAUTICS LIMITED: COMPANY OVERVIEW
12.2.4 GKN AEROSPACE SERVICES LIMITED
TABLE 211 GKN AEROSPACE SERVICE LIMITED: COMPANY OVERVIEW
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
12.1 KEY COMPANIES
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
1.1 OBJECTIVES OF STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONAL SCOPE
1.4 INCLUSIONS & EXCLUSIONS
1.4.1 GAS TURBINE MARKET, BY REGION: INCLUSIONS & EXCLUSIONS
1.4.2 YEARS CONSIDERED FOR STUDY
1.5 CURRENCY
1.6 UNIT CONSIDERED
1.7 RESEARCH LIMITATIONS
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 GAS TURBINE MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primary interviews
2.2 MATRIX CONSIDERED FOR DEMAND-SIDE
FIGURE 2 MAIN MATRIX CONSIDERED WHILE CONSTRUCTING AND ASSESSING DEMAND FOR GAS TURBINE
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 5 METHODOLOGY FOR SUPPLY-SIDE SIZING OF GAS TURBINE MARKET
FIGURE 6 METHODOLOGY FOR SUPPLY-SIDE SIZING OF GAS TURBINE MARKET (2/2)
2.3.2.1 Calculations for supply-side analysis
2.3.3 FORECAST
2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
2.5 DATA TRIANGULATION
FIGURE 7 GAS TURBINE MARKET: DATA TRIANGULATION
2.6 KEY ASSUMPTIONS WHILE CALCULATING DEMAND-SIDE MARKET SIZE
2.7 LIMITATIONS
2.8 RISK ANALYSIS
3 EXECUTIVE SUMMARY
TABLE 1 GAS TURBINE MARKET SNAPSHOT
FIGURE 8 ASIA PACIFIC HELD LARGEST SHARE OF GAS TURBINE MARKET IN 2020
FIGURE 9 COMBINED CYCLE SEGMENT IS EXPECTED TO LEAD GAS TURBINE MARKET, BY TECHNOLOGY, DURING FORECAST PERIOD
FIGURE 10 POWER GENERATION WAS LARGEST END-USER SEGMENT FOR GAS TURBINES IN 2020
FIGURE 11 GAS TURBINES OF ABOVE 300 MW RATING CAPACITY ARE EXPECTED TO DOMINATE MARKET DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 SIGNIFICANT OPPORTUNITIES IN GAS TURBINE MARKET
FIGURE 12 REPLACEMENT OF PHASED NUCLEAR & COAL POWER PLANTS ALONG WITH REQUIREMENT OF EFFICIENT POWER GENERATION TECHNOLOGY IS EXPECTED TO DRIVE GAS TURBINE MARKET GROWTH
4.2 GAS TURBINE MARKET, BY REGION
FIGURE 13 GAS TURBINE MARKET IN SOUTH AMERICA IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.3 GAS TURBINE MARKET, BY TECHNOLOGY
FIGURE 14 COMBINED CYCLE SEGMENT HELD LARGEST SIZE OF GAS TURBINE MARKET IN 2020
4.4 GAS TURBINE MARKET, BY DESIGN TYPE
FIGURE 15 HEAVY DUTY SEGMENT DOMINATED GAS TURBINE MARKET IN 2020
4.5 GAS TURBINE MARKET, BY RATED CAPACITY
FIGURE 16 ABOVE 300 MW SEGMENT DOMINATED GAS TURBINE MARKET IN 2020
4.6 GAS TURBINE MARKET, BY END-USER
FIGURE 17 POWER GENERATION SEGMENT DOMINATED GAS TURBINE MARKET IN 2020
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 MARKET DYNAMICS FOR GAS TURBINE MARKET
5.2.1 DRIVERS
5.2.1.1 Increasing demand for natural gas-fired power plants
FIGURE 19 NATURAL GAS CONSUMPTION, 2017–2019
5.2.1.2 Rising demand for electricity
FIGURE 20 GLOBAL ELECTRICITY GENERATION, 2016–2020
FIGURE 21 ELECTRICITY GENERATION OF SOME MAJOR COUNTRIES, 2016–2020
FIGURE 22 ELECTRICITY GENERATION BY NATURAL GAS OF SOME MAJOR COUNTRIES
5.2.1.3 Efficient power generation technology
5.2.1.4 Reduction in emission of carbon dioxide
5.2.1.5 Impact of shale gas
FIGURE 23 IMPACT OF DRIVERS ON GAS TURBINE MARKET
5.2.2 RESTRAINTS
5.2.2.1 Natural gas price volatility
5.2.2.2 Natural gas infrastructure concerns
FIGURE 24 IMPACT OF RESTRAINTS ON GAS TURBINE MARKET
5.2.3 OPPORTUNITIES
5.2.3.1 Increased trend of distributed power generation
5.2.3.2 Replacement of phased out nuclear & coal plants
FIGURE 25 US: NATURAL GAS EXPORT, 2016–2020
FIGURE 26 IMPACT OF OPPORTUNITIES ON GAS TURBINE MARKET
5.2.4 CHALLENGES
5.2.4.1 Shifting focus toward renewable energy
5.2.4.2 Impact of COVID-19 on gas turbine market
FIGURE 27 IMPACT OF CHALLENGES ON GAS TURBINE MARKET
5.3 PORTER'S FIVE FORCES ANALYSIS
FIGURE 28 GAS TURBINE MARKET: PORTER'S FIVE FORCES ANALYSIS
TABLE 2 GAS TURBINE MARKET: PORTER'S FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 ECOSYSTEM/MARKET MAP
FIGURE 29 GAS TURBINE MARKET: ECOSYSTEM/MARKET MAP
5.5 PRICING ANALYSIS
TABLE 3 AVERAGE PRICE OF GAS TURBINE, BY TECHNOLOGY
FIGURE 30 INSTALLED COST FOR GAS TURBINE
5.6 CASE STUDY ANALYSIS
5.6.1 CASE STUDY 1
5.6.1.1 2 MS6001B Gas turbine & GTE EcoValue 400i Water Wash System
5.6.2 CASE STUDY 2
5.6.2.1 CHP System for a Chemical Manufacturer: 30 MW-class
CHP System with Green Gas Turbine for Chemical Manufacturing
5.7 IMPACT OF COVID-19 ON SUPPLY CHAIN
5.8 VALUE CHAIN
FIGURE 31 GAS TURBINE MARKET: VALUE CHAIN
5.9 REGULATORY LANDSCAPE
5.10 TECHNOLOGY ANALYSIS
5.10.1 NEW REDUCED EMISSIONS
5.10.2 NEW TURBINES
5.10.3 ADAPTING TO AN EXTENDED FUEL SPECTRUM
5.11 TRADE DATA
5.11.1 GAS TURBINE IMPORT DATA
5.11.2 GAS TURBINE EXPORT DATA
5.12 PATENT ANALYSIS
5.12.1 METHODOLOGY
5.12.2 DOCUMENT TYPE
FIGURE 32 NUMBER OF GRANTED PATENT, PATENT APPLICATION, AND LIMITED PATENT
FIGURE 33 PUBLICATION TRENDS - LAST 10 YEARS
5.13 INSIGHT
5.13.1 LEGAL STATUS OF THE PATENTS
FIGURE 34 LEGAL STATUS OF THE PATENTS
5.13.2 JURISDICTION ANALYSIS
FIGURE 35 TOP JURISDICTION- BY DOCUMENT
5.13.3 TOP COMPANIES/APPLICANTS
FIGURE 36 TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS
TABLE 4 LIST OF PATENTS BY UNITED TECHNOLOGIES CORP
TABLE 5 LIST OF PATENTS BY GEN ELECTRIC
TABLE 6 LIST OF PATENTS BY SIEMENS AG
TABLE 7 TOP 10 PATENT OWNERS (US) IN LAST 10 Y EARS
6 GAS TURBINE MARKET, BY DESIGN TYPE
6.1 INTRODUCTION
FIGURE 37 HEAVY DUTY SEGMENT TO LEAD GAS TURBINE MARKET DURING FORECAST PERIOD
TABLE 8 GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2017–2020 (USD MILLION)
TABLE 9 GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2021–2026 (USD MILLION)
6.2 HEAVY DUTY
6.2.1 INCREASED NUMBER OF GAS-FIRED POWER PLANTS TO ENHANCE DEMAND FOR HEAVY DUTY SEGMENT
TABLE 10 HEAVY DUTY: GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 11 HEAVY DUTY: GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
6.3 AERODERIVATIVE
6.3.1 DEMAND FOR HIGHLY EFFICIENT SIMPLE CYCLE GAS TURBINES IS EXPECTED TO PROPEL DEMAND
TABLE 12 AERODERIVATIVE: GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 13 AERODERIVATIVE: GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
7 GAS TURBINE MARKET, BY TECHNOLOGY
7.1 INTRODUCTION
FIGURE 38 COMBINED CYCLE SEGMENT TO LEAD GAS TURBINE MARKET DURING FORECAST PERIOD
TABLE 14 GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 15 GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
7.2 OPEN CYCLE
7.2.1 LOW COST AND LESSER SPACE REQUIREMENT OF OPEN CYCLE GAS TURBINE IS EXPECTED TO ENHANCE DEMAND OF SEGMENT
TABLE 16 OPEN CYCLE: GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 17 OPEN CYCLE: GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
7.3 COMBINED CYCLE
7.3.1 MORE POWER AND LOWER EMISSION WILL DRIVE MARKET FOR THIS SEGMENT
TABLE 18 COMBINED CYCLE: GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 19 COMBINED CYCLE: GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
8 GAS TURBINE MARKET, BY RATED CAPACITY
8.1 INTRODUCTION
FIGURE 39 ABOVE 300 MV SEGMENT TO LEAD GAS TURBINE MARKET DURING FORECAST PERIOD
TABLE 20 GAS TURBINE MARKET SIZE, BY RATED CAPACITY, 2017–2020 (USD MILLION)
TABLE 21 GAS TURBINE MARKET SIZE, BY RATED CAPACITY, 2021–2026 (USD MILLION)
8.2 1–40 MW
8.2.1 INCREASING INVESTMENT IN DISTRIBUTED POWER GENERATION IS EXPECTED TO ENHANCE DEMAND FOR SEGMENT
TABLE 22 1–40 MW: GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 23 1–40 MW: GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
8.3 40–120 MW
8.3.1 INCREASED COGENERATION APPLICATIONS IN CHP PLANTS WILL ENHANCE MARKET SEGMENT
TABLE 24 40–120 MW: GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 25 40–120 MW: GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
8.4 120–300 MW
8.4.1 GROWING DEMAND FOR COMBINED CYCLE POWER PLANTS IS EXPECTED TO ENHANCE DEMAND
TABLE 26 120–300 MW: GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 27 120–300 MW: GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
8.5 ABOVE 300 MW
8.5.1 REPLACEMENT OF OLD COAL-FIRED POWER GENERATION CAPACITY WILL BE DRIVING FACTOR FOR SEGMENT
TABLE 28 ABOVE 300 MW: GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 29 ABOVE 300 MW: GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
9 GAS TURBINE MARKET, BY END-USER
9.1 INTRODUCTION
FIGURE 40 POWER GENERATION SEGMENT TO LEAD GAS TURBINE MARKET DURING FORECAST PERIOD
TABLE 30 GAS TURBINE MARKET SIZE, BY END-USER, 2017–2020 (USD MILLION)
TABLE 31 GAS TURBINE MARKET SIZE, BY END-USER, 2021–2026 (USD MILLION)
9.2 POWER GENERATION
9.2.1 GROWING ELECTRICITY DEMAND IS EXPECTED TO ENHANCE DEMAND FOR GAS TURBINES IN POWER GENERATION
TABLE 32 POWER GENERATION: GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 33 POWER GENERATION: GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
9.3 OIL & GAS
9.3.1 VARIOUS APPLICATION OF GAS TURBINE IN OIL & GAS INDUSTRY IS EXPECTED TO FUEL DEMAND FOR SEGMENT
TABLE 34 OIL & GAS: GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 35 OIL & GAS: GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
9.4 OTHER INDUSTRIES
TABLE 36 OTHER INDUSTRIES: GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 37 OTHER INDUSTRIES: GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
10 GAS TURBINE MARKET, BY REGION
10.1 INTRODUCTION
FIGURE 41 REGIONAL SNAPSHOT: RAPID GROWTH IN DEVELOPING MARKETS
TABLE 38 GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 39 GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
10.2 ASIA PACIFIC
FIGURE 42 ASIA PACIFIC GAS TURBINE MARKET SNAPSHOT
TABLE 40 ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 41 ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 42 ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2017–2020 (USD MILLION)
TABLE 43 ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2021–2026 (USD MILLION)
TABLE 44 ASIA PACIFIC: GAS TURBINE SIZE, BY RATED CAPACITY, 2017–2020 (USD MILLION)
TABLE 45 ASIA PACIFIC: GAS TURBINE SIZE, BY RATED CAPACITY, 2021–2026 (USD MILLION)
TABLE 46 ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY END–USER, 2017–2020 (USD MILLION)
TABLE 47 ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY END–USER, 2021–2026 (USD MILLION)
TABLE 48 ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY COUNTRY
2017–2020 (USD MILLION)
TABLE 49 ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY COUNTRY
2021–2026 (USD MILLION)
10.2.1 CHINA
10.2.1.1 Increase in electricity demand is driving growth of gas turbine market
TABLE 50 CHINA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 51 CHINA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.2.2 INDIA
10.2.2.1 India is moving towards a hydrogen economy, driving growth of gas turbine market
TABLE 52 INDIA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 53 INDIA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.2.3 JAPAN
10.2.3.1 Japan's increase in natural gas consumption drives gas turbine market
TABLE 54 JAPAN: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 55 JAPAN: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.2.4 SOUTH KOREA
10.2.4.1 Natural gas consumption is expected to increase due to increased electricity
TABLE 56 SOUTH KOREA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 57 SOUTH KOREA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.2.5 REST OF ASIA PACIFIC
TABLE 58 REST OF ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 59 REST OF ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.3 EUROPE
FIGURE 43 EUROPE: GAS TURBINE MARKET SNAPSHOT
TABLE 60 EUROPE: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 61 EUROPE: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 62 EUROPE: GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2017–2020 (USD MILLION)
TABLE 63 EUROPE: GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2021–2026 (USD MILLION)
TABLE 64 EUROPE: GAS TURBINE SIZE, BY RATED CAPACITY, 2017–2020 (USD MILLION)
TABLE 65 EUROPE: GAS TURBINE SIZE, BY RATED CAPACITY, 2021–2026 (USD MILLION)
TABLE 66 EUROPE: GAS TURBINE MARKET SIZE, BY END–USER, 2017–2020 (USD MILLION)
TABLE 67 EUROPE: GAS TURBINE MARKET SIZE, BY END–USER, 2021–2026 (USD MILLION)
TABLE 68 EUROPE: GAS TURBINE MARKET SIZE, BY COUNTRY
2017–2020 (USD MILLION)
TABLE 69 EUROPE: GAS TURBINE MARKET SIZE, BY COUNTRY
2021–2026 (USD MILLION)
10.3.1 GERMANY
10.3.1.1 Increase in demand for new gas-fired power plant capacity, expected to drive gas turbine market in Germany
TABLE 70 GERMANY: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 71 GERMANY: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.3.2 UK
10.3.2.1 Focus on renewables and natural gas-driven energy drives demand for gas turbine
TABLE 72 UK: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 73 UK: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.3.3 ITALY
10.3.3.1 Natural gas being one of the major sources of power generation, is expected to drive market
TABLE 74 ITALY: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 75 ITALY: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.3.4 RUSSIA
10.3.4.1 Growing investments related to natural gas and its usage will fuel gas turbine market
TABLE 76 RUSSIA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 77 RUSSIA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.3.5 REST OF EUROPE
TABLE 78 REST OF EUROPE: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 79 REST OF EUROPE: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.4 NORTH AMERICA
FIGURE 44 NORTH AMERICAN GAS TURBINE MARKET SNAPSHOT
TABLE 80 NORTH AMERICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 81 NORTH AMERICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 82 NORTH AMERICA: GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2017–2020 (USD MILLION)
TABLE 83 NORTH AMERICA: GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2021–2026 (USD MILLION)
TABLE 84 NORTH AMERICA: GAS TURBINE SIZE, BY RATED CAPACITY, 2017–2020 (USD MILLION)
TABLE 85 NORTH AMERICA: GAS TURBINE SIZE, BY RATED CAPACITY, 2021–2026 (USD MILLION)
TABLE 86 NORTH AMERICA: GAS TURBINE MARKET SIZE, BY END–USER, 2017–2020 (USD MILLION)
TABLE 87 NORTH AMERICA: GAS TURBINE MARKET SIZE, BY END–USER, 2021–2026 (USD MILLION)
TABLE 88 NORTH AMERICA: GAS TURBINE MARKET SIZE, BY COUNTRY
2017–2020 (USD MILLION)
TABLE 89 NORTH AMERICA: GAS TURBINE MARKET SIZE, BY COUNTRY
2021–2026 (USD MILLION)
10.4.1 US
10.4.1.1 Growth of new cogeneration and combined cycle power plants is expected to drive market
TABLE 90 US: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 91 US: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.4.2 CANADA
10.4.2.1 Growing number of combined cycle natural gas-fired power plants is expected to drive market
TABLE 92 CANADA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 93 CANADA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.4.3 MEXICO
10.4.3.1 Growing investments in power sector will lead to an increase in demand for gas turbine
TABLE 94 MEXICO: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 95 MEXICO: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.5 MIDDLE EAST & AFRICA
TABLE 96 MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 97 MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 98 MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2017–2020 (USD MILLION)
TABLE 99 MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2021–2026 (USD MILLION)
TABLE 100 MIDDLE EAST & AFRICA: GAS TURBINE SIZE, BY RATED CAPACITY, 2017–2020 (USD MILLION)
TABLE 101 MIDDLE EAST & AFRICA: GAS TURBINE SIZE, BY RATED CAPACITY, 2021–2026 (USD MILLION)
TABLE 102 MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY END–USER, 2017–2020 (USD MILLION)
TABLE 103 MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY END–USER, 2021–2026 (USD MILLION)
TABLE 104 MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 105 MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
10.5.1 SAUDI ARABIA
10.5.1.1 Efforts to increase natural gas-fired power generation are expected to boost Saudi Arabia’s demand for gas turbine market
TABLE 106 SAUDI ARABIA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 107 SAUDI ARABIA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.5.2 UAE
10.5.2.1 Growing demand for electricity is expected to drive market
TABLE 108 UAE: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 109 UAE: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.5.3 IRAN
10.5.3.1 Growing domestic demand for power is expected to drive gas turbine market
TABLE 110 IRAN: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 111 IRAN: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.5.4 EGYPT
10.5.4.1 Natural gas being major electricity generation fuel, is expected to propel demand for gas turbine
TABLE 112 EGYPT: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 113 EGYPT: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.5.5 REST OF MIDDLE EAST & AFRICA
TABLE 114 REST OF MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 115 REST OF MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.6 SOUTH AMERICA
TABLE 116 SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 117 SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 118 SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2017–2020 (USD MILLION)
TABLE 119 SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2021–2026 (USD MILLION)
TABLE 120 SOUTH AMERICA: GAS TURBINE SIZE, BY RATED CAPACITY, 2017–2020 (USD MILLION)
TABLE 121 SOUTH AMERICA: GAS TURBINE SIZE, BY RATED CAPACITY, 2021–2026 (USD MILLION)
TABLE 122 SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY END–USER, 2017–2020 (USD MILLION)
TABLE 123 SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY END–USER, 2021–2026 (USD MILLION)
TABLE 124 SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 125 SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
10.6.1 BRAZIL
10.6.1.1 Country's oil & gas sector is expected to boost gas turbine market
TABLE 126 BRAZIL: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 127 BRAZIL: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.6.2 ARGENTINA
10.6.2.1 Growing utilization of natural gas for production of electricity is expected to be one of the major growth factors for gas turbines in country
TABLE 128 ARGENTINA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 129 ARGENTINA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
10.6.3 REST OF SOUTH AMERICA
TABLE 130 REST OF SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 131 REST OF SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
11 COMPETITIVE LANDSCAPE
11.1 KEY PLAYERS' STRATEGIES
TABLE 132 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, 2018–2021
11.2 REVENUE ANALYSIS
FIGURE 45 REVENUE SHARE ANALYSIS IN GAS TURBINE MARKET
11.3 MARKET SHARE ANALYSIS
FIGURE 46 GAS TURBINE MARKET: MARKET SHARE ANALYSIS
TABLE 133 GAS TURBINE MARKET: DEGREE OF COMPETITION
11.3.1 GENERAL ELECTRIC
11.3.2 MITSUBISHI HEAVY INDUSTRIES, LTD.
11.3.3 SIEMENS ENERGY
11.3.4 ANSALDO ENERGIA
11.3.5 UNITED ENGINE CORPORATION
11.3.6 KAWASAKI HEAVY INDUSTRIES, LTD.
TABLE 134 GAS TURBINE MARKET: TECHNOLOGY FOOTPRINT
TABLE 135 GAS TURBINE MARKET: DESIGN FOOTPRINT
TABLE 136 GAS TURBINE MARKET: REGION FOOTPRINT
11.4 COMPANY EVALUATION QUADRANT
11.4.1 STARS
11.4.2 PERVASIVE
11.4.3 EMERGING LEADERS
11.4.4 PARTICIPANTS
FIGURE 47 GAS TURBINE MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2020
11.5 COMPETITIVE LEADERSHIP MAPPING OF SME, 2020
11.5.1 PROGRESSIVE COMPANIES
11.5.2 RESPONSIVE COMPANIES
11.5.3 STARTING BLOCKS
11.5.4 DYNAMIC COMPANIES
FIGURE 48 OTHER ADDITIONAL PLAYERS/SMES EVALUATION MATRIX FOR GAS TURBINE MARKET
11.6 COMPETITIVE SCENARIO
TABLE 137 GAS TURBINE MARKET: PRODUCT LAUNCHES, 2018–2021
TABLE 138 GAS TURBINE MARKET: DEALS, 2018–2021
TABLE 139 GAS TURBINE MARKET: OTHER DEVELOPMENTS, 2018–2021
12 COMPANY PROFILES
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1.1 GENERAL ELECTRIC
TABLE 140 GENERAL ELECTRIC: COMPANY OVERVIEW
FIGURE 49 GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 141 GENERAL ELECTRIC: PRODUCT OFFERINGS
TABLE 142 GENERAL ELECTRIC: PRODUCT LAUNCHES
TABLE 143 GENERAL ELECTRIC: DEAL
TABLE 144 GENERAL ELECTRIC: OTHERS
12.1.2 MITSUBISHI HEAVY INDUSTRIES, LTD.
TABLE 145 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW
FIGURE 50 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
TABLE 146 MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCT OFFERINGS
TABLE 147 MITSUBISHI HEAVY INDUSTRIES, LTD.: DEAL
TABLE 148 MITSUBISHI HEAVY INDUSTRIES, LTD.: OTHERS
12.1.3 SIEMENS ENERGY
TABLE 149 SIEMENS ENERGY: COMPANY OVERVIEW
FIGURE 51 SIEMENS ENERGY: COMPANY SNAPSHOT
TABLE 150 SIEMENS ENERGY: PRODUCT OFFERINGS
TABLE 151 SIEMENS ENERGY: DEALS
12.1.4 ANSALDO ENERGIA
TABLE 152 ANSALDO ENERGIA: COMPANY OVERVIEW
FIGURE 52 ANSALDO ENERGIA: COMPANY SNAPSHOT
TABLE 153 ANSALDO ENERGIA: PRODUCT OFFERINGS
TABLE 154 ANSALDO ENERGIA: PRODUCT LAUNCHES
TABLE 155 ANSALDO ENERGIA: DEALS
TABLE 156 ANSALDO ENERGIA: OTHERS
12.1.5 UNITED ENGINE CORPORATION
TABLE 157 UNITED ENGINE CORPORATION: COMPANY OVERVIEW
TABLE 158 UNITED ENGINE CORPORATION: PRODUCT OFFERINGS
TABLE 159 UNITED ENGINE CORPORATION: OTHERS
12.1.6 KAWASAKI HEAVY INDUSTRIES, LTD.
TABLE 160 KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW
FIGURE 53 KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
TABLE 161 KAWASAKI HEAVY INDUSTRIES, LTD.: PRODUCT OFFERINGS
TABLE 162 KAWASAKI HEAVY INDUSTRIES, LTD.: DEALS
TABLE 163 KAWASAKI HEAVY INDUSTRIES, LTD.: OTHERS
12.1.7 CAPSTONE GREEN ENERGY CORPORATION
TABLE 164 CAPSTONE GREEN ENERGY CORPORATION: COMPANY OVERVIEW
FIGURE 54 CAPSTONE GREEN ENERGY CORPORATION: COMPANY SNAPSHOT
TABLE 165 CAPSTONE GREEN ENERGY CORPORATION: PRODUCT OFFERINGS
TABLE 166 CAPSTONE GREEN ENERGY CORPORATION: DEALS
12.1.8 ROLLS-ROYCE PLC
TABLE 167 ROLLS-ROYCE PLC: COMPANY OVERVIEW
FIGURE 55 ROLLS-ROYCE PLC: COMPANY SNAPSHOT
TABLE 168 ROLLS-ROYCE PLC: PRODUCT OFFERINGS
12.1.9 HARBIN ELECTRIC MACHINERY COMPANY LIMITED
TABLE 169 HARBIN ELECTRIC MACHINERY COMPANY LIMITED: COMPANY OVERVIEW
FIGURE 56 HARBIN ELECTRIC MACHINERY COMPANY LIMITED: COMPANY SNAPSHOT
TABLE 170 HARBIN ELECTRIC MACHINERY COMPANY LIMITED: PRODUCT OFFERINGS
12.1.10 OPRA TURBINES
TABLE 171 OPRA TURBINES: COMPANY OVERVIEW
TABLE 172 OPRA TURBINES: PRODUCT OFFERINGS
TABLE 173 OPRA TURBINES: DEALS
12.1.11 SOLAR TURBINES INCORPORATED
TABLE 174 SOLAR TURBINES INCORPORATED: COMPANY OVERVIEW
TABLE 175 SOLAR TURBINES INCORPORATED: PRODUCT OFFERINGS
12.1.12 BHARAT HEAVY ELECTRICALS LIMITED
TABLE 176 BHARAT HEAVY ELECTRICALS LIMITED: COMPANY OVERVIEW
FIGURE 57 BHARAT HEAVY ELECTRICALS LIMITED: COMPANY SNAPSHOT
TABLE 177 BHARAT HEAVY ELECTRICALS LIMITED: PRODUCT OFFERINGS
12.1.13 CENTRAX GAS TURBINE
TABLE 178 CENTRAX GAS TURBINE: COMPANY OVERVIEW
TABLE 179 CENTRAX GAS TURBINE: PRODUCT OFFERINGS
12.1.14 MTU AERO ENGINES AG
TABLE 180 MTU AERO ENGINES AG: COMPANY OVERVIEW
FIGURE 58 MTU AERO ENGINES AG: COMPANY SNAPSHOT
TABLE 181 MTU AERO ENGINES AG: PRODUCT OFFERINGS
TABLE 182 MTU AERO ENGINES AG: DEALS
TABLE 183 MTU AERO ENGINES AG: OTHERS
12.1.15 IHI CORPORATION
TABLE 184 IHI CORPORATION: COMPANY OVERVIEW
FIGURE 59 IHI CORPORATION: COMPANY SNAPSHOT
TABLE 185 IHI CORPORATION: PRODUCT OFFERINGS
TABLE 186 IHI CORPORATION: DEALS
TABLE 187 WARTSILA: COMPANY OVERVIEW
FIGURE 60 WARTSILA: COMPANY SNAPSHOT
TABLE 188 WARTSILA: PRODUCT OFFERINGS
TABLE 189 WARTSILA: DEALS
TABLE 190 WARTSILA: OTHERS
12.1.17 DOOSAN HEAVY INDUSTRIES & CONSTRUCTION
TABLE 191 DOOSAN HEAVY INDUSTRIES & CONSTRUCTION: COMPANY OVERVIEW
FIGURE 61 DOOSAN HEAVY INDUSTRIES & CONSTRUCTION: COMPANY SNAPSHOT
TABLE 192 DOOSAN HEAVY INDUSTRIES & CONSTRUCTION: PRODUCT OFFERINGS
TABLE 193 DOOSAN HEAVY INDUSTRIES & CONSTRUCTION: DEALS
12.1.18 MAPNA GROUP
TABLE 194 MAPNA GROUP: COMPANY OVERVIEW
TABLE 195 MAPNA GROUP: PRODUCT OFFERINGS
TABLE 196 MAPNA GROUP: DEALS
TABLE 197 MAPNA GROUP: OTHERS
12.1.19 VERICOR POWER SYSTEMS
TABLE 198 VERICOR POWER SYSTEMS: COMPANY OVERVIEW
TABLE 199 VERICOR POWER SYSTEMS: PRODUCT OFFERINGS
TABLE 200 VERICOR POWER SYSTEMS: DEALS
12.1.20 ZORYA MASHPROEKT
TABLE 201 ZORYA MASHPROEK: COMPANY OVERVIEW
TABLE 202 ZORYA MASHPROEKT: PRODUCT OFFERINGS
TABLE 203 ZORYA MASHPROEKT: DEALS
TABLE 204 ZORYA MASHPROEKT: OTHERS
12.1.21 MAN ENERGY SOLUTIONS
TABLE 205 MAN ENERGY SOLUTIONS: COMPANY OVERVIEW
TABLE 206 MAN ENERGY SOLUTIONS: PRODUCT OFFERINGS
TABLE 207 MAN ENERGY SOLUTIONS: OTHERS
12.2 OTHER PLAYERS
12.2.1 POWER MACHINES
TABLE 208 POWER MACHINES: COMPANY OVERVIEW
12.2.2 GAS TURBINE RESEARCH ESTABLISHMENT
TABLE 209 GAS TURBINE RESEARCH ESTABLISHMENT: COMPANY OVERVIEW
12.2.3 HINDUSTAN AERONAUTICS LIMITED
TABLE 210 HINDUSTAN AERONAUTICS LIMITED: COMPANY OVERVIEW
12.2.4 GKN AEROSPACE SERVICES LIMITED
TABLE 211 GKN AEROSPACE SERVICE LIMITED: COMPANY OVERVIEW
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
12.1 KEY COMPANIES
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
