The global gas turbine market size is expected to hit around USD 40.2 billion by 2030 and progressing a CAGR of 6.40% over the forecast period 2022 to 2030.
The on gas
turbine Market, which provides a business strategy, research & development
activities, concise outline of the market valuation, valuable insights
pertaining to market share, size, supply chain analysis, competitive landscape
and regional proliferation of this industry.
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Report Scope of the Gas Turbine Market
| Report Highlights | Details |
| Market Size | USD 40.2 Billion by 2030 |
| Growth Rate | CAGR of 6.40% from 2022 to 2030 |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Product, Application, Technology, Capacity, Region |
A recent
report provides crucial insights along with application based and forecast
information in the Global Gas turbine Market. The report provides a
comprehensive analysis of key factors that are expected to drive the growth of
this market. This study also provides a detailed overview of the opportunities
along with the current trends observed in the Gas turbine market.
A
quantitative analysis of the industry is compiled for a period of 10 years in
order to assist players to grow in the market. Insights on specific revenue
figures generated are also given in the report, along with projected revenue at
the end of the forecast period.
Companies
and Manufacturers Covered
The study
covers key players operating in the market along with prime schemes and
strategies implemented by each player to hold high positions in the industry.
Such a tough vendor landscape provides a competitive outlook of the industry,
consequently existing as a key insight. These insights were thoroughly analysed
and prime business strategies and products that offer high revenue generation
capacities were identified. Key players of the global Gas turbine market are
included as given below:
Gas turbine Market Key Players
- Wartsila
- BHEL
- Mitsubishi Hitachi Power Systems
- Harbin Electric International Company
- Siemens AG
- Man Diesel & Turbo
- General Electric
- NPO Saturn
- Kawasaki Heavy Industries
- Solar Turbines
- Capstone Turbine
- Vericor Power Systems
- Cryosta
- AnsaldoEnergia
- Opra Turbines
- Zorya-Mashproekt
Market Segments
- > 500 kW to 1 MW
- > 1 MW to 30 MW
- < 50 kW
- 50 kW to 500 kW
- > 70 MW to 200 MW
- >30 MW to 70 MW
- > 200 MW
By Product Type
- Heavy Duty
- Aero-Derivative
By Technology Type
- Combined Cycle
- Open Cycle
By Application Type
- Process Plants
- Power Plants
- Oil & Gas
- Aviation
- Marine
- Others
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Middle East & Africa
- Latin America
Report Objectives
- To define, describe, and forecast the global gas turbine
market based on product, and region
- To provide detailed information regarding the major
factors influencing the growth of the market (drivers, opportunities, and
industry-specific challenges)
- To strategically analyze micromarkets1 with respect to
individual growth trends, future prospects, and contributions to the total
market
- To analyze opportunities in the market for stakeholders
and provide details of the competitive landscape for market leaders
- To forecast the size of market segments with respect to
four main regions—North America,
Europe, Asia Pacific and the Rest of the World (RoW)2
- To strategically profile key players and comprehensively
analyze their product portfolios, market shares, and core competencies3
- To track and analyze competitive developments such as
acquisitions, expansions, new product launches, and partnerships in the gas
turbine market
Table of Content
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Gas Turbine Market, By Capacity
7.1. Gas Turbine Market, by Capacity Type, 2020-2027
7.1.1. > 500 kW to 1 MW
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. > 1 MW to 30 MW
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. < 50 kW
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. 50 kW to 500 kW
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. > 70 MW to 200 MW
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. >30 MW to 70 MW
7.1.6.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Gas Turbine Market, By Product
8.1. Gas Turbine Market, by Product, 2020-2027
8.1.1. Heavy Duty
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Aero-Derivative
8.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Gas Turbine Market, By Technology Type
9.1. Gas Turbine Market, by Technology Type, 2020-2027
9.1.1. Combined Cycle
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Open Cycle
9.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 10. Global Gas Turbine Market, By Application
10.1. Gas Turbine Market, by Application, 2020-2027
10.1.1. Process Plants
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Power Plants
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Oil & Gas
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. Aviation
10.1.4.1. Market Revenue and Forecast (2016-2027)
10.1.5. Marine
10.1.5.1. Market Revenue and Forecast (2016-2027)
10.1.6. Others
10.1.6.1. Market Revenue and Forecast (2016-2027)
Chapter 11. Global Gas Turbine Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Capacity (2016-2027)
11.1.2. Market Revenue and Forecast, by Product (2016-2027)
11.1.3. Market Revenue and Forecast, by Technology Type (2016-2027)
11.1.4. Market Revenue and Forecast, by Application (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Capacity (2016-2027)
11.1.5.2. Market Revenue and Forecast, by Product (2016-2027)
11.1.5.3. Market Revenue and Forecast, by Technology Type (2016-2027)
11.1.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Capacity (2016-2027)
11.1.6.2. Market Revenue and Forecast, by Product (2016-2027)
11.1.6.3. Market Revenue and Forecast, by Technology Type (2016-2027)
11.1.6.4. Market Revenue and Forecast, by Application (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Capacity (2016-2027)
11.2.2. Market Revenue and Forecast, by Product (2016-2027)
11.2.3. Market Revenue and Forecast, by Technology Type (2016-2027)
11.2.4. Market Revenue and Forecast, by Application (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Capacity (2016-2027)
11.2.5.2. Market Revenue and Forecast, by Product (2016-2027)
11.2.5.3. Market Revenue and Forecast, by Technology Type (2016-2027)
11.2.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Capacity (2016-2027)
11.2.6.2. Market Revenue and Forecast, by Product (2016-2027)
11.2.6.3. Market Revenue and Forecast, by Technology Type (2016-2027)
11.2.6.4. Market Revenue and Forecast, by Application (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Capacity (2016-2027)
11.2.7.2. Market Revenue and Forecast, by Product (2016-2027)
11.2.7.3. Market Revenue and Forecast, by Technology Type (2016-2027)
11.2.7.4. Market Revenue and Forecast, by Application (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Capacity (2016-2027)
11.2.8.2. Market Revenue and Forecast, by Product (2016-2027)
11.2.8.3. Market Revenue and Forecast, by Technology Type (2016-2027)
11.2.8.4. Market Revenue and Forecast, by Application (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Capacity (2016-2027)
11.3.2. Market Revenue and Forecast, by Product (2016-2027)
11.3.3. Market Revenue and Forecast, by Technology Type (2016-2027)
11.3.4. Market Revenue and Forecast, by Application (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Capacity (2016-2027)
11.3.5.2. Market Revenue and Forecast, by Product (2016-2027)
11.3.5.3. Market Revenue and Forecast, by Technology Type (2016-2027)
11.3.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Capacity (2016-2027)
11.3.6.2. Market Revenue and Forecast, by Product (2016-2027)
11.3.6.3. Market Revenue and Forecast, by Technology Type (2016-2027)
11.3.6.4. Market Revenue and Forecast, by Application (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Capacity (2016-2027)
11.3.7.2. Market Revenue and Forecast, by Product (2016-2027)
11.3.7.3. Market Revenue and Forecast, by Technology Type (2016-2027)
11.3.7.4. Market Revenue and Forecast, by Application (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Capacity (2016-2027)
11.3.8.2. Market Revenue and Forecast, by Product (2016-2027)
11.3.8.3. Market Revenue and Forecast, by Technology Type (2016-2027)
11.3.8.4. Market Revenue and Forecast, by Application (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Capacity (2016-2027)
11.4.2. Market Revenue and Forecast, by Product (2016-2027)
11.4.3. Market Revenue and Forecast, by Technology Type (2016-2027)
11.4.4. Market Revenue and Forecast, by Application (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Capacity (2016-2027)
11.4.5.2. Market Revenue and Forecast, by Product (2016-2027)
11.4.5.3. Market Revenue and Forecast, by Technology Type (2016-2027)
11.4.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Capacity (2016-2027)
11.4.6.2. Market Revenue and Forecast, by Product (2016-2027)
11.4.6.3. Market Revenue and Forecast, by Technology Type (2016-2027)
11.4.6.4. Market Revenue and Forecast, by Application (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Capacity (2016-2027)
11.4.7.2. Market Revenue and Forecast, by Product (2016-2027)
11.4.7.3. Market Revenue and Forecast, by Technology Type (2016-2027)
11.4.7.4. Market Revenue and Forecast, by Application (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Capacity (2016-2027)
11.4.8.2. Market Revenue and Forecast, by Product (2016-2027)
11.4.8.3. Market Revenue and Forecast, by Technology Type (2016-2027)
11.4.8.4. Market Revenue and Forecast, by Application (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Capacity (2016-2027)
11.5.2. Market Revenue and Forecast, by Product (2016-2027)
11.5.3. Market Revenue and Forecast, by Technology Type (2016-2027)
11.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Capacity (2016-2027)
11.5.5.2. Market Revenue and Forecast, by Product (2016-2027)
11.5.5.3. Market Revenue and Forecast, by Technology Type (2016-2027)
11.5.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Capacity (2016-2027)
11.5.6.2. Market Revenue and Forecast, by Product (2016-2027)
11.5.6.3. Market Revenue and Forecast, by Technology Type (2016-2027)
11.5.6.4. Market Revenue and Forecast, by Application (2016-2027)
Chapter 12. Company Profiles
12.1. Wartsila
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. BHEL
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Mitsubishi Hitachi Power Systems
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Harbin Electric International Company
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Siemens AG
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Man Diesel & Turbo
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. General Electric
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. NPO Saturn
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Kawasaki Heavy Industries
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Solar Turbines
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
12.11. Capstone Turbine
12.11.1. Company Overview
12.11.2. Product Offerings
12.11.3. Financial Performance
12.11.4. Recent Initiatives
12.12. Vericor Power Systems
12.12.1. Company Overview
12.12.2. Product Offerings
12.12.3. Financial Performance
12.12.4. Recent Initiatives
12.13. Cryosta
12.13.1. Company Overview
12.13.2. Product Offerings
12.13.3. Financial Performance
12.13.4. Recent Initiatives
12.14. AnsaldoEnergia
12.14.1. Company Overview
12.14.2. Product Offerings
12.14.3. Financial Performance
12.14.4. Recent Initiatives
12.15. Opra Turbines
12.15.1. Company Overview
12.15.2. Product Offerings
12.15.3. Financial Performance
12.15.4. Recent Initiatives
12.16. Zorya-Mashproekt
12.16.1. Company Overview
12.16.2. Product Offerings
12.16.3. Financial Performance
12.16.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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