Gas Turbines Market Analysis By Technology, Design Type, Rating Capacity, Applications, Region, Competition, Forecast 2027 | TechSci Research

According to TechSci Research, Global gas turbines market is anticipated to grow during the forecast period, due to the increasing focus on reducing carbon footprint and low prices of shale gas. Moreover, increasing trend of the distributed power generation and government initiatives to increase electricity generation based on natural gas are propelling the growth of the market. Based on the technology, the combined cycle technology dominated the market in 2020 and is expected to witness significant growth during the forecast period due to the use of waste heat energy to produce additional electricity with the assistance of steam turbines.

Based on the design type, the market has been segmented into heavy duty and aero derivative. Owing to the rising demand for large gas fired power plants, the demand for heavy duty design is likely to increase in the future. In terms of regional analysis, Asia Pacific acquired the dominant share in 2020 and the trend is expected to continue in the future due to increasing urbanization in developing economies and infrastructural developments.

Some of the leading players in the global gas turbines market are GE, Siemens, BHEL, Ansaldo, Kawasaki Heavy Industries, Centrax, Zorya, Vericor Power, OPRA, Harbin Electric, Man Diesel etc.

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Objective of the Study:

• To analyze and forecast the market size of global gas turbines market, in terms of value and volume.
• To classify and forecast global gas turbines market based on design type, technology, application, rating capacity and regional distribution.
• To identify drivers and challenges for global gas turbines market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global gas turbines market.
• To conduct the pricing analysis for global gas turbines market.
• To identify and analyze the profile of leading players operating in the global gas turbines market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major solution providers across the globe.

TechSci Research calculated the market size of global gas turbines market using a bottom-up approach, where data for various application across various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

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Key Target Audience:

• Gas turbines manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to gas turbines market
• Market research and consulting firms

 The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global gas turbines market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Gas Turbines Market, By Technology:
  • Open Cycle
  • Combined Cycle
• Gas Turbines Market, By Design Type:
  • Heavy Duty
  • Aeroderivative
• Gas Turbines Market, By Rating Capacity:
  • Less than 40 MW
  • 40–120 MW
  • 120–300 MW
  • Above 300 MW
• Gas Turbines Market, By Application:
  • Power Generation
  • Oil & Gas
  • Marine
  • Aviation
  • Others
• Gas Turbines Market, By Region:
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • New Zealand
    • South Korea
  • Europe
    • France
    • Germany
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Netherlands
    • Poland
  • North America
    • United States
    • Mexico
    • Canada
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Chile
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global gas turbines market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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