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 aeroderivative. 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.

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.


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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.

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.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Units and CAGR for 2017-2021 and 2022E-2027F

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Installation

·         Product Type

·         Voltage

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States, Mexico, Canada, China, India, Japan, Australia; South Korea, New Zealand, Germany, France, United Kingdom, Italy, Spain, Russia, Netherland, Poland,  South Africa, UAE, Saudi Arabia; Brazil, Argentina, Colombia;

Key companies profiled

GE, Siemens, BHEL, Ansaldo, Kawasaki Heavy Industries, Centrax, Zorya, Vericor Power, OPRA, Harbin Electric, Man Diesel.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com  

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

4.1.  Product Pricing

4.2.  Factors Influencing Purchase Decision

4.3.  Challenges/Issues Faced Post Purchase

5.    Impact of COVID-19 on Global Gas Turbines Market

6.    Global Gas Turbines Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Technology (Open Cycle and Combined Cycle)

6.2.2.     By Design Type (Heavy Duty and Aeroderivative)

6.2.3.     By Capacity (Less than 40 MW, 40-120 MW, 120-300 MW, and Above 300 MW)

6.2.4.     By Application (Power Generation, Oil & Gas, Marine, Aviation and Others)

6.2.5.     By Company

6.2.6.     By Region

6.3.  Market Attractiveness Index

7.    Asia-Pacific Global Gas Turbines Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Technology

7.2.2.     By Design Type

7.2.3.     By Capacity

7.2.4.     By Country

7.3.  Market Attractiveness Index

7.4.  Asia-Pacific: Country Analysis

7.4.1.     China Global Gas Turbines Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.             By Value & Volume

7.4.1.2.         Market Share & Forecast

7.4.1.2.1.             By Technology

7.4.1.2.2.             By Design Type

7.4.1.3.         Pricing Analysis

7.4.1.4.         Market Attractiveness Index

7.4.2.     India Global Gas Turbines Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.             By Value & Volume

7.4.2.2.         Market Share & Forecast

7.4.2.2.1.             By Technology

7.4.2.2.2.             By Design Type

7.4.2.3.         Pricing Analysis

7.4.2.4.         Market Attractiveness Index

7.4.3.     Japan Global Gas Turbines Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.             By Value & Volume

7.4.3.2.         Market Share & Forecast

7.4.3.2.1.             By Technology

7.4.3.2.2.             By Design Type

7.4.3.3.         Pricing Analysis

7.4.3.4.         Market Attractiveness Index

7.4.4.     South Korea Global Gas Turbines Market Outlook

7.4.4.1.         Market Size & Forecast

7.4.4.1.1.             By Value & Volume

7.4.4.2.         Market Share & Forecast

7.4.4.2.1.             By Technology

7.4.4.2.2.             By Design Type

7.4.4.3.         Pricing Analysis

7.4.4.4.         Market Attractiveness Index

7.4.5.     Australia Global Gas Turbines Market Outlook

7.4.5.1.         Market Size & Forecast

7.4.5.1.1.             By Value & Volume

7.4.5.2.         Market Share & Forecast

7.4.5.2.1.             By Technology

7.4.5.2.2.             By Design Type

7.4.5.3.         Pricing Analysis

7.4.5.4.         Market Attractiveness Index

7.4.6.     New Zealand Global Gas Turbines Market Outlook

7.4.6.1.         Market Size & Forecast

7.4.6.1.1.             By Value & Volume

7.4.6.2.         Market Share & Forecast

7.4.6.2.1.             By Technology

7.4.6.2.2.             By Design Type

7.4.6.3.         Pricing Analysis

7.4.6.4.         Market Attractiveness Index

8.    Europe Global Gas Turbines Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Technology

8.2.2.     By Design Type

8.2.3.     By Capacity

8.2.4.     By Country

8.3.  Market Attractiveness Index

8.4.  Europe: Country Analysis

8.4.1.     France Global Gas Turbines Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value & Volume

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Technology

8.4.1.2.2.             By Design Type

8.4.1.3.         Pricing Analysis

8.4.1.4.         Market Attractiveness Index

8.4.2.     Germany Global Gas Turbines Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value & Volume

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Technology

8.4.2.2.2.             By Design Type

8.4.2.3.         Pricing Analysis

8.4.2.4.         Market Attractiveness Index

8.4.3.     United Kingdom Global Gas Turbines Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value & Volume

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Technology

8.4.3.2.2.             By Design Type

8.4.3.3.         Pricing Analysis

8.4.3.4.         Market Attractiveness Index

8.4.4.     Italy Global Gas Turbines Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Value & Volume

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Technology

8.4.4.2.2.             By Design Type

8.4.4.3.         Pricing Analysis

8.4.4.4.         Market Attractiveness Index

8.4.5.     Spain Global Gas Turbines Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Value & Volume

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Technology

8.4.5.2.2.             By Design Type

8.4.5.3.         Pricing Analysis

8.4.5.4.         Market Attractiveness Index

8.4.6.     Russia Global Gas Turbines Market Outlook

8.4.6.1.         Market Size & Forecast

8.4.6.1.1.             By Value & Volume

8.4.6.2.         Market Share & Forecast

8.4.6.2.1.             By Technology

8.4.6.2.2.             By Design Type

8.4.6.3.         Pricing Analysis

8.4.6.4.         Market Attractiveness Index

8.4.7.     Poland Global Gas Turbines Market Outlook

8.4.7.1.         Market Size & Forecast

8.4.7.1.1.             By Value & Volume

8.4.7.2.         Market Share & Forecast

8.4.7.2.1.             By Technology

8.4.7.2.2.             By Design Type

8.4.7.3.         Pricing Analysis

8.4.7.4.         Market Attractiveness Index

8.4.8.     Netherlands Global Gas Turbines Market Outlook

8.4.8.1.         Market Size & Forecast

8.4.8.1.1.             By Value & Volume

8.4.8.2.         Market Share & Forecast

8.4.8.2.1.             By Technology

8.4.8.2.2.             By Design Type

8.4.8.3.         Pricing Analysis

8.4.8.4.         Market Attractiveness Index

9.    North America Global Gas Turbines Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Technology

9.2.2.     By Design Type

9.2.3.     By Capacity

9.2.4.     By Country

9.3.  Market Attractiveness Index

9.4.  North America: Country Analysis

9.4.1.     United States Global Gas Turbines Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value & Volume

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Technology

9.4.1.2.2.             By Design Type

9.4.1.3.         Pricing Analysis

9.4.1.4.         Market Attractiveness Index

9.4.2.     Mexico Global Gas Turbines Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Value & Volume

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Technology

9.4.2.2.2.             By Design Type

9.4.2.3.         Pricing Analysis

9.4.2.4.         Market Attractiveness Index

9.4.3.     Canada Global Gas Turbines Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Value & Volume

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.             By Technology

9.4.3.2.2.             By Design Type

9.4.3.3.         Pricing Analysis

9.4.3.4.         Market Attractiveness Index

10.  South America Global Gas Turbines Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Technology

10.2.2.  By Design Type

10.2.3.  By Capacity

10.2.4.  By Country

10.3.              Market Attractiveness Index

10.4.              South America: Country Analysis

10.4.1.  Brazil Global Gas Turbines Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value & Volume

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Technology

10.4.1.2.2.           By Design Type

10.4.1.3.      Pricing Analysis

10.4.1.4.      Market Attractiveness Index

10.4.2.  Argentina Global Gas Turbines Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value & Volume

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Technology

10.4.2.2.2.           By Design Type

10.4.2.3.      Pricing Analysis

10.4.2.4.      Market Attractiveness Index

10.4.3.  Colombia Global Gas Turbines Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Value & Volume

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Technology

10.4.3.2.2.           By Design Type

10.4.3.3.      Pricing Analysis

10.4.3.4.      Market Attractiveness Index

10.4.4.  Chile Global Gas Turbines Market Outlook

10.4.4.1.      Market Size & Forecast

10.4.4.1.1.           By Value & Volume

10.4.4.2.      Market Share & Forecast

10.4.4.2.1.           By Technology

10.4.4.2.2.           By Design Type

10.4.4.3.      Pricing Analysis

10.4.4.4.      Market Attractiveness Index

11.  Middle East and Africa Global Gas Turbines Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Technology

11.2.2.  By Design Type

11.2.3.  By Capacity

11.2.4.  By Country

11.3.              Market Attractiveness Index

11.4.              MEA: Country Analysis

11.4.1.  South Africa Global Gas Turbines Market Outlook

11.4.1.1.      Market Size & Forecast

11.4.1.1.1.           By Value & Volume

11.4.1.2.      Market Share & Forecast

11.4.1.2.1.           By Technology

11.4.1.2.2.           By Design Type

11.4.1.3.      Pricing Analysis

11.4.1.4.      Market Attractiveness Index

11.4.2.  Saudi Arabia Global Gas Turbines Market Outlook

11.4.2.1.      Market Size & Forecast

11.4.2.1.1.           By Value & Volume

11.4.2.2.      Market Share & Forecast

11.4.2.2.1.           By Technology

11.4.2.2.2.           By Design Type

11.4.2.3.      Pricing Analysis

11.4.2.4.      Market Attractiveness Index

11.4.3.  UAE Global Gas Turbines Market Outlook

11.4.3.1.      Market Size & Forecast

11.4.3.1.1.           By Value & Volume

11.4.3.2.