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The gas turbine market for the power industry is poised to grow by $3,356.87 mn during 2023-2027, accelerating at a CAGR of 3.05% during the forecast period. The report on the gas turbine market for the power industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growth of distributed power generation base, an increase in CCGT power plants, and a Focus on the reduction of carbon emissions.
The gas turbines market for the power industry is segmented as below:
By Product
- Heavy-duty gas turbine
- Aeroderivative gas turbine
By Technology
- CCGT
- OCGT
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
The report on the gas turbines market for the power industry covers the following areas:
- Gas turbines market for power industry sizing
- Gas turbines market for power industry forecast
- Gas turbines market for power industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global gas turbines market for the power industry: Ansaldo Energia Spa, Bharat Heavy Electricals Ltd., Capstone Green Energy Corp., Caterpillar Inc., Centrax Ltd., Cryostar, Doosan Corp., General Electric Co., Harbin Electric Co. Ltd., IHI Corp., JSC The Ural Turbine Works, Kawasaki Heavy Industries Ltd., MAN Energy Solutions SE, MAPNA Group Co., Motor Sich JSC, OPRA Technologies B.V., Pumori Energy Ltd., Siemens AG, Vericor Power Systems, and Mitsubishi Heavy Industries Ltd.Commenting on the report, an analyst from the research team said: `The latest trend gaining momentum in the market is technological innovations in gas turbines.`
According to the report, one of the major drivers for this market is the growth of distributed power generation base.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ansaldo Energia Spa
- Bharat Heavy Electricals Ltd.
- Capstone Green Energy Corp.
- Caterpillar Inc.
- Centrax Ltd.
- Cryostar
- Doosan Corp.
- General Electric Co.
- Harbin Electric Co. Ltd.
- IHI Corp.
- JSC The Ural Turbine Works
- Kawasaki Heavy Industries Ltd.
- MAN Energy Solutions SE
- MAPNA Group Co.
- Motor Sich JSC
- OPRA Technologies B.V.
- Pumori Energy Ltd.
- Siemens AG
- Vericor Power Systems
- Mitsubishi Heavy Industries Ltd.