The Asia Pacific Gas turbine Market has been estimated at USD 3.3 billion in 2015 and is projected to reach USD 7.8 billion by 2020, at a CAGR of 17.7% during the forecast period from 2015 to 2020.

The use of gas turbines dates back in 1939. Gas turbines are one of the most widely used power generating technologies. They are a type of internal combustion (IC) engine in which burning of an air-fuel mixture produces hot gases that spin a turbine to produce power. Production of hot gas occurs during fuel combustion in a gas turbine. It can utilize a variety of fuels, including natural gas, fuel oils, and synthetic fuels. Combustion occurs continuously in gas turbines, as opposed to reciprocating IC engines, in which combustion occurs intermittently.

The Major application of Gas turbine can be categorized into six segments, namely, Power Generation, Mobility, Oil & gas industry, Petrochemicals. Food processing and Pulp and Paper. Most important usage of Gas turbines is in the field of Aircraft propulsion systems and power generation. And accounts for more than 70.0% share of Asia Pacific Gas turbine market in 2015.

This market is driven by a number of factors, such as the large number of ongoing projects and innovations in the Power generation sector along with the growing demand for mobility services as well as Industrial products. Especially the growth is dramatic in emerging economies in Asia-pacific with India and China being the key drivers. However, this market faces certain drawbacks, such as Increasing environmental concerns and thus the regulatory and policy restrictions on fossil-fuel fired power plants along with increasing renewable energies. These factors may act as a roadblock to the growth of the market.

This market can be broadly segmented into 1-120 MW, 121-350 MW, 351-750 MW and above 750MW, based on its power plant’s installed capacity. In this report, the market is also segmented based on its configuration: turbojet, turboprop, turbo shaft, and turbofan. This technology has classifications based on different types of its operation such as Gas cycle, Combined Cycle and Cogeneration. Market study indicates that the Gas Cycle segment accounts for the largest share in this market. This is due to its high efficiency and low operating costs.

The market has also been geographically segmented into India, China, Japan, Australia and Indonesia, with Japan occupying the largest consumer base in the region. China and India follow the list in the same order. Asia-Pacific is currently the largest market for gas turbines. The emerging economies in Asia-Pacific have made this region an area of immense potential and opportunities. However, the price sensitivity in this region has considerably hindered the growth of this market.

The market has more relevance today since trends show that world’s energy consumption is increasing, indicating a market opportunity for Gas turbines. The major companies dominating this market for its products, services, and continuous product developments are Alstom SA, Avio, Bharat heavy Electricals limited, Centrax Gas turbines, Harbin Turbine Company limited, International Aero Engines, MTU Aero Engines, Nanjing Turbine & Electric Machinery (Group) Co., NYE thermodynamics corporation, Rolls Royce, Siemens Energy sector and others. The current trends in mergers and acquisitions indicate that the smaller companies are getting acquired by the bigger ones for more innovations by utilizing their core competencies.

Key Deliverables in the Study

1. Market analysis for the Asia Pacific Gas turbine Market, with region specific assessments and competition analysis on Europe and regional scales

2. Market definition along with the identification of key drivers and restraints

3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a Global and regional scale

4. Extensively researched competitive landscape section with profiles of major companies along with their market shares

5. Identification and analysis of the macro and micro factors that affect the Asia pacific Gas turbine market on both Global and regional scales

6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

7. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market

8. Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.