Gas Turbine Market By Product (Heavy Duty and Aero-Derivative), Capacity (> 200 MW, > 70 MW to 200 MW, > 30 MW to 70 MW, > 1 MW to 30 MW, > 500 KW to 1 MW, 50 KW to 500 KW and < 50 KW), Technology (Combined Cycle and Open Cycle) and Application (Marine, Power Plants, Aviation, Oil & Gas, Process Plants and Other Applications) - Global Industry Analysis And Forecast To 2025
The gas turbine, additionally known as the ignition turbine, is the kind of internal combustion, continuous combustion engine. There are three fundamental elements: the upstream turning gas compressor; the downstream turbine present on the similar shaft and the burning chamber or region, known as the combustor. A fourth element is regularly utilized to improve the efficiency (turbofan, turboprop), to alter the power into electric or mechanical form (electric generator, turboshaft), or to accomplish more noteworthy power to mass/volume proportion (max engine propulsion). Therefore, the Gas Turbine Market is anticipated to expand and has tremendous scope during the forecast period. The global Gas Turbine Market anticipated to flourish in the future by growing at a significantly higher CAGR.
On the basis of Product the market is segmented into Heavy Duty and Aero-Derivative. The Aero-Derivative section is showing growth owing to increasing utilization of highly mobile & flexible technologies, increasing demand from various applications like grid stability, district heating, mobile power, etc., and other factors.
On the basis of Capacity the market is segmented into> 200 MW, > 70 MW to 200 MW, > 30 MW to 70 MW, > 1 MW to 30 MW, > 500 KW to 1 MW, 50 KW to 500 KW and < 50 KW. The < 50 KW section is showing more growth owing to increasing utilization that will ultimately led to 1GW in coming years, increasing technological development and other factors.
On the basis of Technology the market is segmented into Combined Cycle and Open Cycle. The Open Cycle section is leading the market owing to properties like less time required for warming up, compact in size, fast start up time, versatility in operation, light weight, etc.
On the basis of Application the market is segmented into Marine, Power Plants, Aviation, Oil & Gas, Process Plants and Other Applications. The Power Plants section is leading the market owing to increasing demand for energy across the globe, positivity in the rules & regulation & also the aspect of consumers, etc.
The Asia Pacific region is leading the global Gas Turbine Market with China dominating due to increasing number of power stations working on gas for generation of power and other factors.
Gas Turbine Market, By Region
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.
Harbin Electric International Company
Man Diesel & Turbo
Mitsubishi Hitachi Power Systems
Kawasaki Heavy Industries
Vericor Power Systems
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?