Table of Content

"1    INTRODUCTION    31
1.1    OBJECTIVES OF STUDY    31
1.2    MARKET DEFINITION    31
1.3    MARKET SCOPE    32
1.3.1    MARKET SEGMENTATION    32
1.3.2    REGIONAL SCOPE    32
1.4    INCLUSIONS & EXCLUSIONS    33
1.4.1    GAS TURBINE MARKET, BY REGION: INCLUSIONS & EXCLUSIONS    33
1.4.2    YEARS CONSIDERED FOR STUDY    33
1.5    CURRENCY    33
1.6    UNIT CONSIDERED    34
1.7    RESEARCH LIMITATIONS    34
1.8    STAKEHOLDERS    34
1.9    SUMMARY OF CHANGES    35
2    RESEARCH METHODOLOGY    36
2.1    RESEARCH DATA    36
FIGURE 1    GAS TURBINE MARKET: RESEARCH DESIGN    36
2.1.1    SECONDARY DATA    37
2.1.1.1    Key data from secondary sources    37
2.1.2    PRIMARY DATA    37
2.1.2.1    Key data from primary sources    38
2.1.2.2    Breakdown of primary interviews    38
2.2    MATRIX CONSIDERED FOR DEMAND-SIDE    39
FIGURE 2    MAIN MATRIX CONSIDERED WHILE CONSTRUCTING AND ASSESSING DEMAND FOR GAS TURBINE    39
2.3    MARKET SIZE ESTIMATION    39
2.3.1    BOTTOM-UP APPROACH    40
FIGURE 3    MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH    40
2.3.2    TOP-DOWN APPROACH    40
FIGURE 4    MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH    40
FIGURE 5    METHODOLOGY FOR SUPPLY-SIDE SIZING OF GAS TURBINE MARKET    40
FIGURE 6    METHODOLOGY FOR SUPPLY-SIDE SIZING OF GAS TURBINE MARKET (2/2)    41
2.3.2.1    Calculations for supply-side analysis    41
2.3.3    FORECAST    41
2.4    GROWTH RATE ASSUMPTIONS/GROWTH FORECAST    41
2.5    DATA TRIANGULATION    42
FIGURE 7    GAS TURBINE MARKET: DATA TRIANGULATION    42
2.6    KEY ASSUMPTIONS WHILE CALCULATING DEMAND-SIDE MARKET SIZE    43
2.7    LIMITATIONS    43
2.8    RISK ANALYSIS    43
3    EXECUTIVE SUMMARY    44
TABLE 1    GAS TURBINE MARKET SNAPSHOT    44
FIGURE 8    ASIA PACIFIC HELD LARGEST SHARE OF GAS TURBINE MARKET IN 2020    45
FIGURE 9    COMBINED CYCLE SEGMENT IS EXPECTED TO LEAD GAS TURBINE MARKET, BY TECHNOLOGY, DURING FORECAST PERIOD    46
FIGURE 10    POWER GENERATION WAS LARGEST END-USER SEGMENT FOR GAS TURBINES IN 2020    46
FIGURE 11    GAS TURBINES OF ABOVE 300 MW RATING CAPACITY ARE EXPECTED TO DOMINATE MARKET DURING FORECAST PERIOD    47
4    PREMIUM INSIGHTS    48
4.1    SIGNIFICANT OPPORTUNITIES IN GAS TURBINE MARKET    48
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    48
4.2    GAS TURBINE MARKET, BY REGION    48
FIGURE 13    GAS TURBINE MARKET IN SOUTH AMERICA IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    48
4.3    GAS TURBINE MARKET, BY TECHNOLOGY    49
FIGURE 14    COMBINED CYCLE SEGMENT HELD LARGEST SIZE OF GAS TURBINE MARKET IN 2020    49
4.4    GAS TURBINE MARKET, BY DESIGN TYPE    49
FIGURE 15    HEAVY DUTY SEGMENT DOMINATED GAS TURBINE MARKET IN 2020    49
4.5    GAS TURBINE MARKET, BY RATED CAPACITY    49
FIGURE 16    ABOVE 300 MW SEGMENT DOMINATED GAS TURBINE MARKET IN 2020    49
4.6    GAS TURBINE MARKET, BY END-USER    50
FIGURE 17    POWER GENERATION SEGMENT DOMINATED GAS TURBINE MARKET IN 2020    50
5    MARKET OVERVIEW    51
5.1    INTRODUCTION    51
5.2    MARKET DYNAMICS    51
FIGURE 18    MARKET DYNAMICS FOR GAS TURBINE MARKET    51
5.2.1    DRIVERS    52
5.2.1.1    Increasing demand for natural gas-fired power plants    52
FIGURE 19    NATURAL GAS CONSUMPTION, 2017–2019    52
5.2.1.2    Rising demand for electricity    52
FIGURE 20    GLOBAL ELECTRICITY GENERATION, 2016–2020    53
FIGURE 21    ELECTRICITY GENERATION OF SOME MAJOR COUNTRIES, 2016–2020    53
FIGURE 22    ELECTRICITY GENERATION BY NATURAL GAS OF SOME MAJOR COUNTRIES    54
5.2.1.3    Efficient power generation technology    54
5.2.1.4    Reduction in emission of carbon dioxide    54
5.2.1.5    Impact of shale gas    54
FIGURE 23    IMPACT OF DRIVERS ON GAS TURBINE MARKET    55
5.2.2    RESTRAINTS    55
5.2.2.1    Natural gas price volatility    55
5.2.2.2    Natural gas infrastructure concerns    56
FIGURE 24    IMPACT OF RESTRAINTS ON GAS TURBINE MARKET    56
5.2.3    OPPORTUNITIES    56
5.2.3.1    Increased trend of distributed power generation    56
5.2.3.2    Replacement of phased out nuclear & coal plants    57
FIGURE 25    US: NATURAL GAS EXPORT, 2016–2020    57
FIGURE 26    IMPACT OF OPPORTUNITIES ON GAS TURBINE MARKET    57
5.2.4    CHALLENGES    58
5.2.4.1    Shifting focus toward renewable energy    58
5.2.4.2    Impact of COVID-19 on gas turbine market    58
FIGURE 27    IMPACT OF CHALLENGES ON GAS TURBINE MARKET    58
5.3    PORTER'S FIVE FORCES ANALYSIS    59
FIGURE 28    GAS TURBINE MARKET: PORTER'S FIVE FORCES ANALYSIS    59
TABLE 2    GAS TURBINE MARKET: PORTER'S FIVE FORCES ANALYSIS    59
5.3.1    THREAT OF NEW ENTRANTS    60
5.3.2    THREAT OF SUBSTITUTES    60
5.3.3    BARGAINING POWER OF SUPPLIERS    60
5.3.4    BARGAINING POWER OF BUYERS    60
5.3.5    INTENSITY OF COMPETITIVE RIVALRY    61
5.4    ECOSYSTEM/MARKET MAP    61
FIGURE 29    GAS TURBINE MARKET: ECOSYSTEM/MARKET MAP    61
5.5    PRICING ANALYSIS    62
TABLE 3    AVERAGE PRICE OF GAS TURBINE, BY TECHNOLOGY    62
FIGURE 30    INSTALLED COST FOR GAS TURBINE    62
5.6    CASE STUDY ANALYSIS    62
5.6.1    CASE STUDY 1    62
5.6.1.1    2 MS6001B Gas turbine & GTE EcoValue 400i Water Wash System    62
5.6.2    CASE STUDY 2    63
5.6.2.1    CHP System for a Chemical Manufacturer: 30 MW-class
CHP System with Green Gas Turbine for Chemical Manufacturing    63
5.7    IMPACT OF COVID-19 ON SUPPLY CHAIN    64
5.8    VALUE CHAIN    65
FIGURE 31    GAS TURBINE MARKET: VALUE CHAIN    65
5.9    REGULATORY LANDSCAPE    66
5.10    TECHNOLOGY ANALYSIS    68
5.10.1    NEW REDUCED EMISSIONS    68
5.10.2    NEW TURBINES    68
5.10.3    ADAPTING TO AN EXTENDED FUEL SPECTRUM    69
5.11    TRADE DATA    69
5.11.1    GAS TURBINE IMPORT DATA    69
5.11.2    GAS TURBINE EXPORT DATA    70
5.12    PATENT ANALYSIS    70
5.12.1    METHODOLOGY    70
5.12.2    DOCUMENT TYPE    70
FIGURE 32    NUMBER OF GRANTED PATENT, PATENT APPLICATION, AND LIMITED PATENT    71
FIGURE 33    PUBLICATION TRENDS - LAST 10 YEARS    71
5.13    INSIGHT    71
5.13.1    LEGAL STATUS OF THE PATENTS    71
FIGURE 34    LEGAL STATUS OF THE PATENTS    72
5.13.2    JURISDICTION ANALYSIS    72
FIGURE 35    TOP JURISDICTION- BY DOCUMENT    72
5.13.3    TOP COMPANIES/APPLICANTS    73
FIGURE 36    TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS    73
TABLE 4    LIST OF PATENTS BY UNITED TECHNOLOGIES CORP    73
TABLE 5    LIST OF PATENTS BY GEN ELECTRIC    74
TABLE 6    LIST OF PATENTS BY SIEMENS AG    75
TABLE 7    TOP 10 PATENT OWNERS (US) IN LAST 10 Y EARS    76
6    GAS TURBINE MARKET, BY DESIGN TYPE    77
6.1    INTRODUCTION    78
FIGURE 37    HEAVY DUTY SEGMENT TO LEAD GAS TURBINE MARKET DURING FORECAST PERIOD    78
TABLE 8    GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2017–2020 (USD MILLION)    78
TABLE 9    GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2021–2026 (USD MILLION)    78
6.2    HEAVY DUTY    79
6.2.1    INCREASED NUMBER OF GAS-FIRED POWER PLANTS TO ENHANCE DEMAND FOR HEAVY DUTY SEGMENT    79
TABLE 10    HEAVY DUTY: GAS TURBINE MARKET SIZE, BY REGION,
2017–2020 (USD MILLION)    79
TABLE 11    HEAVY DUTY: GAS TURBINE MARKET SIZE, BY REGION,
2021–2026 (USD MILLION)    79
6.3    AERODERIVATIVE    80
6.3.1    DEMAND FOR HIGHLY EFFICIENT SIMPLE CYCLE GAS TURBINES IS EXPECTED TO PROPEL DEMAND    80
TABLE 12    AERODERIVATIVE: GAS TURBINE MARKET SIZE, BY REGION,
2017–2020 (USD MILLION)    80
TABLE 13    AERODERIVATIVE: GAS TURBINE MARKET SIZE, BY REGION,
2021–2026 (USD MILLION)    80

7    GAS TURBINE MARKET, BY TECHNOLOGY    81
7.1    INTRODUCTION    82
FIGURE 38    COMBINED CYCLE SEGMENT TO LEAD GAS TURBINE MARKET DURING FORECAST PERIOD    82
TABLE 14    GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)    82
TABLE 15    GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)    82
7.2    OPEN CYCLE    83
7.2.1    LOW COST AND LESSER SPACE REQUIREMENT OF OPEN CYCLE GAS TURBINE IS EXPECTED TO ENHANCE DEMAND OF SEGMENT    83
TABLE 16    OPEN CYCLE: GAS TURBINE MARKET SIZE, BY REGION,
2017–2020 (USD MILLION)    83
TABLE 17    OPEN CYCLE: GAS TURBINE MARKET SIZE, BY REGION,
2021–2026 (USD MILLION)    83
7.3    COMBINED CYCLE    84
7.3.1    MORE POWER AND LOWER EMISSION WILL DRIVE MARKET FOR THIS SEGMENT    84
TABLE 18    COMBINED CYCLE: GAS TURBINE MARKET SIZE, BY REGION,
2017–2020 (USD MILLION)    84
TABLE 19    COMBINED CYCLE: GAS TURBINE MARKET SIZE, BY REGION,
2021–2026 (USD MILLION)    84
8    GAS TURBINE MARKET, BY RATED CAPACITY    85
8.1    INTRODUCTION    86
FIGURE 39    ABOVE 300 MV SEGMENT TO LEAD GAS TURBINE MARKET DURING FORECAST PERIOD    86
TABLE 20    GAS TURBINE MARKET SIZE, BY RATED CAPACITY,
2017–2020 (USD MILLION)    86
TABLE 21    GAS TURBINE MARKET SIZE, BY RATED CAPACITY,
2021–2026 (USD MILLION)    87
8.2    1–40 MW    87
8.2.1    INCREASING INVESTMENT IN DISTRIBUTED POWER GENERATION IS EXPECTED TO ENHANCE DEMAND FOR SEGMENT    87
TABLE 22    1–40 MW: GAS TURBINE MARKET SIZE, BY REGION,
2017–2020 (USD MILLION)    87
TABLE 23    1–40 MW: GAS TURBINE MARKET SIZE, BY REGION,
2021–2026 (USD MILLION)    88
8.3    40–120 MW    88
8.3.1    INCREASED COGENERATION APPLICATIONS IN CHP PLANTS WILL ENHANCE MARKET SEGMENT    88
TABLE 24    40–120 MW: GAS TURBINE MARKET SIZE, BY REGION,
2017–2020 (USD MILLION)    88
TABLE 25    40–120 MW: GAS TURBINE MARKET SIZE, BY REGION,
2021–2026 (USD MILLION)    89
8.4    120–300 MW    89
8.4.1    GROWING DEMAND FOR COMBINED CYCLE POWER PLANTS IS EXPECTED TO ENHANCE DEMAND    89
TABLE 26    120–300 MW: GAS TURBINE MARKET SIZE, BY REGION,
2017–2020 (USD MILLION)    89
TABLE 27    120–300 MW: GAS TURBINE MARKET SIZE, BY REGION,
2021–2026 (USD MILLION)    89
8.5    ABOVE 300 MW    90
8.5.1    REPLACEMENT OF OLD COAL-FIRED POWER GENERATION CAPACITY WILL BE DRIVING FACTOR FOR SEGMENT    90
TABLE 28    ABOVE 300 MW: GAS TURBINE MARKET SIZE, BY REGION,
2017–2020 (USD MILLION)    90
TABLE 29    ABOVE 300 MW: GAS TURBINE MARKET SIZE, BY REGION,
2021–2026 (USD MILLION)    90
9    GAS TURBINE MARKET, BY END-USER    91
9.1    INTRODUCTION    92
FIGURE 40    POWER GENERATION SEGMENT TO LEAD GAS TURBINE MARKET DURING FORECAST PERIOD    92
TABLE 30    GAS TURBINE MARKET SIZE, BY END-USER, 2017–2020 (USD MILLION)    92
TABLE 31    GAS TURBINE MARKET SIZE, BY END-USER, 2021–2026 (USD MILLION)    92
9.2    POWER GENERATION    93
9.2.1    GROWING ELECTRICITY DEMAND IS EXPECTED TO ENHANCE DEMAND FOR GAS TURBINES IN POWER GENERATION    93
TABLE 32    POWER GENERATION: GAS TURBINE MARKET SIZE, BY REGION,
2017–2020 (USD MILLION)    93
TABLE 33    POWER GENERATION: GAS TURBINE MARKET SIZE, BY REGION,
2021–2026 (USD MILLION)    93
9.3    OIL & GAS    94
9.3.1    VARIOUS APPLICATION OF GAS TURBINE IN OIL & GAS INDUSTRY IS EXPECTED TO FUEL DEMAND FOR SEGMENT    94
TABLE 34    OIL & GAS: GAS TURBINE MARKET SIZE, BY REGION,
2017–2020 (USD MILLION)    94
TABLE 35    OIL & GAS: GAS TURBINE MARKET SIZE, BY REGION,
2021–2026 (USD MILLION)    95
9.4    OTHER INDUSTRIES    95
TABLE 36    OTHER INDUSTRIES: GAS TURBINE MARKET SIZE, BY REGION,
2017–2020 (USD MILLION)    95
TABLE 37    OTHER INDUSTRIES: GAS TURBINE MARKET SIZE, BY REGION,
2021–2026 (USD MILLION)    96
10    GAS TURBINE MARKET, BY REGION    97
10.1    INTRODUCTION    98
FIGURE 41    REGIONAL SNAPSHOT: RAPID GROWTH IN DEVELOPING MARKETS    98
TABLE 38    GAS TURBINE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)    98
TABLE 39    GAS TURBINE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)    99
10.2    ASIA PACIFIC    99
FIGURE 42    ASIA PACIFIC GAS TURBINE MARKET SNAPSHOT    100
TABLE 40    ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2017–2020 (USD MILLION)    100
TABLE 41    ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    100
TABLE 42    ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY DESIGN TYPE,
2017–2020 (USD MILLION)    101
TABLE 43    ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY DESIGN TYPE,
 2021–2026 (USD MILLION)    101
TABLE 44    ASIA PACIFIC: GAS TURBINE SIZE, BY RATED CAPACITY,
2017–2020 (USD MILLION)    101
TABLE 45    ASIA PACIFIC: GAS TURBINE SIZE, BY RATED CAPACITY,
2021–2026 (USD MILLION)    101
TABLE 46    ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY END–USER,
2017–2020 (USD MILLION)    102
TABLE 47    ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY END–USER,
2021–2026 (USD MILLION)    102
TABLE 48    ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY COUNTRY
2017–2020 (USD MILLION)    102
TABLE 49    ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY COUNTRY
2021–2026 (USD MILLION)    102
10.2.1    CHINA    103
10.2.1.1    Increase in electricity demand is driving growth of gas turbine market    103
TABLE 50    CHINA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2017–2020 (USD MILLION)    103
TABLE 51    CHINA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    103
10.2.2    INDIA    103
10.2.2.1    India is moving towards a hydrogen economy, driving growth of gas turbine market    103
TABLE 52    INDIA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2017–2020 (USD MILLION)    104
TABLE 53    INDIA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    104
10.2.3    JAPAN    104
10.2.3.1    Japan's increase in natural gas consumption drives gas turbine market    104
TABLE 54    JAPAN: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2017–2020 (USD MILLION)    104
TABLE 55    JAPAN: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    105
10.2.4    SOUTH KOREA    105
10.2.4.1    Natural gas consumption is expected to increase due to increased electricity    105
TABLE 56    SOUTH KOREA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2017–2020 (USD MILLION)    105
TABLE 57    SOUTH KOREA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    105
10.2.5    REST OF ASIA PACIFIC    106
TABLE 58    REST OF ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2017–2020 (USD MILLION)    106
TABLE 59    REST OF ASIA PACIFIC: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    106
10.3    EUROPE    107
FIGURE 43    EUROPE: GAS TURBINE MARKET SNAPSHOT    107
TABLE 60    EUROPE: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2017–2020 (USD MILLION)    107
TABLE 61    EUROPE: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    108
TABLE 62    EUROPE: GAS TURBINE MARKET SIZE, BY DESIGN TYPE,
2017–2020 (USD MILLION)    108
TABLE 63    EUROPE: GAS TURBINE MARKET SIZE, BY DESIGN TYPE,
2021–2026 (USD MILLION)    108
TABLE 64    EUROPE: GAS TURBINE SIZE, BY RATED CAPACITY,
2017–2020 (USD MILLION)    108
TABLE 65    EUROPE: GAS TURBINE SIZE, BY RATED CAPACITY,
2021–2026 (USD MILLION)    109
TABLE 66    EUROPE: GAS TURBINE MARKET SIZE, BY END–USER,
2017–2020 (USD MILLION)    109
TABLE 67    EUROPE: GAS TURBINE MARKET SIZE, BY END–USER,
2021–2026 (USD MILLION)    109
TABLE 68    EUROPE: GAS TURBINE MARKET SIZE, BY COUNTRY
2017–2020 (USD MILLION)    109
TABLE 69    EUROPE: GAS TURBINE MARKET SIZE, BY COUNTRY
2021–2026 (USD MILLION)    110
10.3.1    GERMANY    110
10.3.1.1    Increase in demand for new gas-fired power plant capacity, expected to drive gas turbine market in Germany    110
TABLE 70    GERMANY: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2017–2020 (USD MILLION)    110
TABLE 71    GERMANY: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    111
10.3.2    UK    111
10.3.2.1    Focus on renewables and natural gas-driven energy drives demand for gas turbine    111
TABLE 72    UK: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2017–2020 (USD MILLION)    111
TABLE 73    UK: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    111
10.3.3    ITALY    112
10.3.3.1    Natural gas being one of the major sources of power generation, is expected to drive market    112
TABLE 74    ITALY: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2017–2020 (USD MILLION)    112
TABLE 75    ITALY: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    112

10.3.4    RUSSIA    112
10.3.4.1    Growing investments related to natural gas and its usage will fuel gas turbine market    112
TABLE 76    RUSSIA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2017–2020 (USD MILLION)    113
TABLE 77    RUSSIA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    113
10.3.5    REST OF EUROPE    113
TABLE 78    REST OF EUROPE: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2017–2020 (USD MILLION)    113
TABLE 79    REST OF EUROPE: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    113
10.4    NORTH AMERICA    114
FIGURE 44    NORTH AMERICAN GAS TURBINE MARKET SNAPSHOT    114
TABLE 80    NORTH AMERICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2017–2020 (USD MILLION)    114
TABLE 81    NORTH AMERICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    115
TABLE 82    NORTH AMERICA: GAS TURBINE MARKET SIZE, BY DESIGN TYPE,
2017–2020 (USD MILLION)    115
TABLE 83    NORTH AMERICA: GAS TURBINE MARKET SIZE, BY DESIGN TYPE,
2021–2026 (USD MILLION)    115
TABLE 84    NORTH AMERICA: GAS TURBINE SIZE, BY RATED CAPACITY,
2017–2020 (USD MILLION)    115
TABLE 85    NORTH AMERICA: GAS TURBINE SIZE, BY RATED CAPACITY,
2021–2026 (USD MILLION)    116
TABLE 86    NORTH AMERICA: GAS TURBINE MARKET SIZE, BY END–USER,
2017–2020 (USD MILLION)    116
TABLE 87    NORTH AMERICA: GAS TURBINE MARKET SIZE, BY END–USER,
2021–2026 (USD MILLION)    116
TABLE 88    NORTH AMERICA: GAS TURBINE MARKET SIZE, BY COUNTRY
2017–2020 (USD MILLION)    116
TABLE 89    NORTH AMERICA: GAS TURBINE MARKET SIZE, BY COUNTRY
2021–2026 (USD MILLION)    117
10.4.1    US    117
10.4.1.1    Growth of new cogeneration and combined cycle power plants is expected to drive market    117
TABLE 90    US: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2017–2020 (USD MILLION)    117
TABLE 91    US: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    117
10.4.2    CANADA    118
10.4.2.1    Growing number of combined cycle natural gas-fired power plants is expected to drive market    118
TABLE 92    CANADA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2017–2020 (USD MILLION)    118
TABLE 93    CANADA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    118
10.4.3    MEXICO    118
10.4.3.1    Growing investments in power sector will lead to an increase in demand for gas turbine    118
TABLE 94    MEXICO: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2017–2020 (USD MILLION)    119
TABLE 95    MEXICO: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    119
10.5    MIDDLE EAST & AFRICA    119
TABLE 96    MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)    119
TABLE 97    MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)    120
TABLE 98    MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2017–2020 (USD MILLION)    120
TABLE 99    MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY DESIGN TYPE, 2021–2026 (USD MILLION)    120
TABLE 100    MIDDLE EAST & AFRICA: GAS TURBINE SIZE, BY RATED CAPACITY,
2017–2020 (USD MILLION)    120
TABLE 101    MIDDLE EAST & AFRICA: GAS TURBINE SIZE, BY RATED CAPACITY,
2021–2026 (USD MILLION)    121
TABLE 102    MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY END–USER,
2017–2020 (USD MILLION)    121
TABLE 103    MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY END–USER,
2021–2026 (USD MILLION)    121
TABLE 104    MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION)    122
TABLE 105    MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE, BY COUNTRY,
2021–2026 (USD MILLION)    122
10.5.1    SAUDI ARABIA    122
10.5.1.1    Efforts to increase natural gas-fired power generation are expected to boost Saudi Arabia’s demand for gas turbine market    122
TABLE 106    SAUDI ARABIA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
 2017–2020 (USD MILLION)    123
TABLE 107    SAUDI ARABIA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    123
10.5.2    UAE    123
10.5.2.1    Growing demand for electricity is expected to drive market    123
TABLE 108    UAE: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2017–2020 (USD MILLION)    123
TABLE 109    UAE: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    123
10.5.3    IRAN    124
10.5.3.1    Growing domestic demand for power is expected to drive gas turbine market    124
TABLE 110    IRAN: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2017–2020 (USD MILLION)    124
TABLE 111    IRAN: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    124
10.5.4    EGYPT    124
10.5.4.1    Natural gas being major electricity generation fuel, is expected to propel demand for gas turbine    124
TABLE 112    EGYPT: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2017–2020 (USD MILLION)    125
TABLE 113    EGYPT: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    125
10.5.5    REST OF MIDDLE EAST & AFRICA    125
TABLE 114    REST OF MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE,
BY TECHNOLOGY, 2017–2020 (USD MILLION)    125
TABLE 115    REST OF MIDDLE EAST & AFRICA: GAS TURBINE MARKET SIZE,
BY TECHNOLOGY, 2021–2026 (USD MILLION)    125
10.6    SOUTH AMERICA    126
TABLE 116    SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2017–2020 (USD MILLION)    126
TABLE 117    SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    126
TABLE 118    SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY DESIGN TYPE,
2017–2020 (USD MILLION)    126
TABLE 119    SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY DESIGN TYPE,
2021–2026 (USD MILLION)    127
TABLE 120    SOUTH AMERICA: GAS TURBINE SIZE, BY RATED CAPACITY,
2017–2020 (USD MILLION)    127
TABLE 121    SOUTH AMERICA: GAS TURBINE SIZE, BY RATED CAPACITY,
2021–2026 (USD MILLION)    127
TABLE 122    SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY END–USER,
2017–2020 (USD MILLION)    127
TABLE 123    SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY END–USER,
2021–2026 (USD MILLION)    128
TABLE 124    SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION)    128
TABLE 125    SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY COUNTRY,
2021–2026 (USD MILLION)    128
10.6.1    BRAZIL    128
10.6.1.1    Country's oil & gas sector is expected to boost gas turbine market    128
TABLE 126    BRAZIL: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2017–2020 (USD MILLION)    129
TABLE 127    BRAZIL: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    129
10.6.2    ARGENTINA    129
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    129
TABLE 128    ARGENTINA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2017–2020 (USD MILLION)    129
TABLE 129    ARGENTINA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY,
2021–2026 (USD MILLION)    130
10.6.3    REST OF SOUTH AMERICA    130
TABLE 130    REST OF SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)    130
TABLE 131    REST OF SOUTH AMERICA: GAS TURBINE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)    130
11    COMPETITIVE LANDSCAPE    131
11.1    KEY PLAYERS' STRATEGIES    131
TABLE 132    OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, 2018–2021    131
11.2    REVENUE ANALYSIS    132
FIGURE 45    REVENUE SHARE ANALYSIS IN GAS TURBINE MARKET    132
11.3    MARKET SHARE ANALYSIS    133
FIGURE 46    GAS TURBINE MARKET: MARKET SHARE ANALYSIS    133
TABLE 133    GAS TURBINE MARKET: DEGREE OF COMPETITION    134
11.3.1    GENERAL ELECTRIC    134
11.3.2    MITSUBISHI HEAVY INDUSTRIES, LTD.    134
11.3.3    SIEMENS ENERGY    135
11.3.4    ANSALDO ENERGIA    135
11.3.5    UNITED ENGINE CORPORATION    135
11.3.6    KAWASAKI HEAVY INDUSTRIES, LTD.    135
TABLE 134    GAS TURBINE MARKET: TECHNOLOGY FOOTPRINT    136
TABLE 135    GAS TURBINE MARKET: DESIGN FOOTPRINT    137
TABLE 136    GAS TURBINE MARKET: REGION FOOTPRINT    138
11.4    COMPANY EVALUATION QUADRANT    139
11.4.1    STARS    139
11.4.2    PERVASIVE    139
11.4.3    EMERGING LEADERS    139
11.4.4    PARTICIPANTS    139
FIGURE 47    GAS TURBINE MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2020    140
11.5    COMPETITIVE LEADERSHIP MAPPING OF SME, 2020    141
11.5.1    PROGRESSIVE COMPANIES    141
11.5.2    RESPONSIVE COMPANIES    141
11.5.3    STARTING BLOCKS    141
11.5.4    DYNAMIC COMPANIES    141
FIGURE 48    OTHER ADDITIONAL PLAYERS/SMES EVALUATION MATRIX FOR GAS TURBINE MARKET    142
11.6    COMPETITIVE SCENARIO    143
TABLE 137    GAS TURBINE MARKET: PRODUCT LAUNCHES, 2018–2021    143
TABLE 138    GAS TURBINE MARKET: DEALS, 2018–2021    143
TABLE 139    GAS TURBINE MARKET: OTHER DEVELOPMENTS, 2018–2021    155

12    COMPANY PROFILES    158
(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    158
TABLE 140    GENERAL ELECTRIC: COMPANY OVERVIEW    158
FIGURE 49    GENERAL ELECTRIC: COMPANY SNAPSHOT    159
TABLE 141    GENERAL ELECTRIC: PRODUCT OFFERINGS    159
TABLE 142    GENERAL ELECTRIC: PRODUCT LAUNCHES    160
TABLE 143    GENERAL ELECTRIC: DEAL    160
TABLE 144    GENERAL ELECTRIC: OTHERS    161
12.1.2    MITSUBISHI HEAVY INDUSTRIES, LTD.    162
TABLE 145    MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW    162
FIGURE 50    MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT    163
TABLE 146    MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCT OFFERINGS    164
TABLE 147    MITSUBISHI HEAVY INDUSTRIES, LTD.: DEAL    164
TABLE 148    MITSUBISHI HEAVY INDUSTRIES, LTD.: OTHERS    166
12.1.3    SIEMENS ENERGY    167
TABLE 149    SIEMENS ENERGY: COMPANY OVERVIEW    167
FIGURE 51    SIEMENS ENERGY: COMPANY SNAPSHOT    168
TABLE 150    SIEMENS ENERGY: PRODUCT OFFERINGS    168
TABLE 151    SIEMENS ENERGY: DEALS    169
12.1.4    ANSALDO ENERGIA    171
TABLE 152    ANSALDO ENERGIA: COMPANY OVERVIEW    171
FIGURE 52    ANSALDO ENERGIA: COMPANY SNAPSHOT    172
TABLE 153    ANSALDO ENERGIA: PRODUCT OFFERINGS    172
TABLE 154    ANSALDO ENERGIA: PRODUCT LAUNCHES    173
TABLE 155    ANSALDO ENERGIA: DEALS    174
TABLE 156    ANSALDO ENERGIA: OTHERS    174
12.1.5    UNITED ENGINE CORPORATION    176
TABLE 157    UNITED ENGINE CORPORATION: COMPANY OVERVIEW    176
TABLE 158    UNITED ENGINE CORPORATION: PRODUCT OFFERINGS    176
TABLE 159    UNITED ENGINE CORPORATION: OTHERS    177
12.1.6    KAWASAKI HEAVY INDUSTRIES, LTD.    179
TABLE 160    KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW    179
FIGURE 53    KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT    180
TABLE 161    KAWASAKI HEAVY INDUSTRIES, LTD.: PRODUCT OFFERINGS    180
TABLE 162    KAWASAKI HEAVY INDUSTRIES, LTD.: DEALS    181
TABLE 163    KAWASAKI HEAVY INDUSTRIES, LTD.: OTHERS    181
12.1.7    CAPSTONE GREEN ENERGY CORPORATION    183
TABLE 164    CAPSTONE GREEN ENERGY CORPORATION: COMPANY OVERVIEW    183
FIGURE 54    CAPSTONE GREEN ENERGY CORPORATION: COMPANY SNAPSHOT    184
TABLE 165    CAPSTONE GREEN ENERGY CORPORATION: PRODUCT OFFERINGS    184
TABLE 166    CAPSTONE GREEN ENERGY CORPORATION: DEALS    185
12.1.8    ROLLS-ROYCE PLC    188
TABLE 167    ROLLS-ROYCE PLC: COMPANY OVERVIEW    188
FIGURE 55    ROLLS-ROYCE PLC: COMPANY SNAPSHOT    189
TABLE 168    ROLLS-ROYCE PLC: PRODUCT OFFERINGS    190
12.1.9    HARBIN ELECTRIC MACHINERY COMPANY LIMITED    191
TABLE 169    HARBIN ELECTRIC MACHINERY COMPANY LIMITED: COMPANY OVERVIEW    191
FIGURE 56    HARBIN ELECTRIC MACHINERY COMPANY LIMITED: COMPANY SNAPSHOT    192
TABLE 170    HARBIN ELECTRIC MACHINERY COMPANY LIMITED: PRODUCT OFFERINGS    192
12.1.10    OPRA TURBINES    193
TABLE 171    OPRA TURBINES: COMPANY OVERVIEW    193
TABLE 172    OPRA TURBINES: PRODUCT OFFERINGS    193
TABLE 173    OPRA TURBINES: DEALS    194
12.1.11    SOLAR TURBINES INCORPORATED    195
TABLE 174    SOLAR TURBINES INCORPORATED: COMPANY OVERVIEW    195
TABLE 175    SOLAR TURBINES INCORPORATED: PRODUCT OFFERINGS    195
12.1.12    BHARAT HEAVY ELECTRICALS LIMITED    196
TABLE 176    BHARAT HEAVY ELECTRICALS LIMITED: COMPANY OVERVIEW    196
FIGURE 57    BHARAT HEAVY ELECTRICALS LIMITED: COMPANY SNAPSHOT    197
TABLE 177    BHARAT HEAVY ELECTRICALS LIMITED: PRODUCT OFFERINGS    197
12.1.13    CENTRAX GAS TURBINE    198
TABLE 178    CENTRAX GAS TURBINE: COMPANY OVERVIEW    198
TABLE 179    CENTRAX GAS TURBINE: PRODUCT OFFERINGS    198
12.1.14    MTU AERO ENGINES AG    199
TABLE 180    MTU AERO ENGINES AG: COMPANY OVERVIEW    199
FIGURE 58    MTU AERO ENGINES AG: COMPANY SNAPSHOT    200
TABLE 181    MTU AERO ENGINES AG: PRODUCT OFFERINGS    200
TABLE 182    MTU AERO ENGINES AG: DEALS    201
TABLE 183    MTU AERO ENGINES AG: OTHERS    201
12.1.15    IHI CORPORATION    202
TABLE 184    IHI CORPORATION: COMPANY OVERVIEW    202
FIGURE 59    IHI CORPORATION: COMPANY SNAPSHOT    203
TABLE 185    IHI CORPORATION: PRODUCT OFFERINGS    204
TABLE 186    IHI CORPORATION: DEALS    204
TABLE 187    WARTSILA: COMPANY OVERVIEW    205
FIGURE 60    WARTSILA: COMPANY SNAPSHOT    206
TABLE 188    WARTSILA: PRODUCT OFFERINGS    206
TABLE 189    WARTSILA: DEALS    207
TABLE 190    WARTSILA: OTHERS    208
12.1.17    DOOSAN HEAVY INDUSTRIES & CONSTRUCTION    209
TABLE 191    DOOSAN HEAVY INDUSTRIES & CONSTRUCTION: COMPANY OVERVIEW    209
FIGURE 61    DOOSAN HEAVY INDUSTRIES & CONSTRUCTION: COMPANY SNAPSHOT    210
TABLE 192    DOOSAN HEAVY INDUSTRIES & CONSTRUCTION: PRODUCT OFFERINGS    210
TABLE 193    DOOSAN HEAVY INDUSTRIES & CONSTRUCTION: DEALS    211
12.1.18    MAPNA GROUP    213
TABLE 194    MAPNA GROUP: COMPANY OVERVIEW    213
TABLE 195    MAPNA GROUP: PRODUCT OFFERINGS    213
TABLE 196    MAPNA GROUP: DEALS    214
TABLE 197    MAPNA GROUP: OTHERS    214
12.1.19    VERICOR POWER SYSTEMS    215
TABLE 198    VERICOR POWER SYSTEMS: COMPANY OVERVIEW    215
TABLE 199    VERICOR POWER SYSTEMS: PRODUCT OFFERINGS    215
TABLE 200    VERICOR POWER SYSTEMS: DEALS    216
12.1.20    ZORYA MASHPROEKT    217
TABLE 201    ZORYA MASHPROEK: COMPANY OVERVIEW    217
TABLE 202    ZORYA MASHPROEKT: PRODUCT OFFERINGS    217
TABLE 203    ZORYA MASHPROEKT: DEALS    218
TABLE 204    ZORYA MASHPROEKT: OTHERS    219
12.1.21    MAN ENERGY SOLUTIONS    220
TABLE 205    MAN ENERGY SOLUTIONS: COMPANY OVERVIEW    220
TABLE 206    MAN ENERGY SOLUTIONS: PRODUCT OFFERINGS    220
TABLE 207    MAN ENERGY SOLUTIONS: OTHERS    221
12.2    OTHER PLAYERS    222
12.2.1    POWER MACHINES    222
TABLE 208    POWER MACHINES: COMPANY OVERVIEW    222
12.2.2    GAS TURBINE RESEARCH ESTABLISHMENT    223
TABLE 209    GAS TURBINE RESEARCH ESTABLISHMENT: COMPANY OVERVIEW    223
12.2.3    HINDUSTAN AERONAUTICS LIMITED    223
TABLE 210    HINDUSTAN AERONAUTICS LIMITED: COMPANY OVERVIEW    223
12.2.4    GKN AEROSPACE SERVICES LIMITED    224
TABLE 211    GKN AEROSPACE SERVICE LIMITED: COMPANY OVERVIEW    224
*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    158
13    APPENDIX    225
13.1    DISCUSSION GUIDE    225
13.2    KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL    228
13.3    AVAILABLE CUSTOMIZATIONS    230
13.4    RELATED REPORTS    230
13.5    AUTHOR DETAILS    231"