Global Combined Cycle Gas Turbine Market 2016-2020

  • ID: 3883920
  • Report
  • Region: Global
  • 78 pages
  • TechNavio
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FEATURED COMPANIES

  • and Solar Turbines.
  • Ansaldo Energia
  • GE
  • Kawasaki Heavy Industries
  • Siemens
  • MORE
About Combined Cycle Gas Turbine (CCGT)

Combined cycle gas turbine (CCGT) is a power generation technology that incorporates a gas turbine in conjunction with a steam turbine. A steam turbine is used to supplement the electricity generated from a gas turbine, which is driven by the steam generated from waste heat recovered from the gas turbine exhaust.

The analysts forecast the global combined cycle gas turbine (CCGT) market to grow at a CAGR of 4.24% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global combined cycle gas turbine (CCGT) market for 2016-2020. To calculate the market size, the report considers the installed capacity and price of CCGTs in various regions.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Combined Cycle Gas Turbine (CCGT) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Ansaldo Energia
- GE
- Kawasaki Heavy Industries
- Mitsubishi Hitachi Power Systems
- Siemens
- Solar Turbines

Market drivers
- Increasing efficiency and durability of gas turbines
- For a full, detailed list, view the full report

Market challenges
- Change in energy mix
- For a full, detailed list, view the full report

Market trends
- Declining demand for F-class gas turbines
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • and Solar Turbines.
  • Ansaldo Energia
  • GE
  • Kawasaki Heavy Industries
  • Siemens
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by design type
  • Global CCGT market by design type
  • Heavy-duty (frame) gas turbines
  • Aeroderivative gas turbines
PART 07: Geographical segmentation
  • Global CCGT market by geography
  • APAC
  • Americas
  • EMEA
PART 08: Market drivers
  • Increasing efficiency and durability of gas turbines
  • Regulations on carbon emissions
  • Consolidation of market vendors
  • Lower initial cost than other low-carbon emission substitutes
  • Increase in CCGT power plants
  • Development of GTCC and IGCC technologies
PART 09: Impact of drivers

PART 10: Market challenges
  • Volatility in natural gas prices
  • Change in energy mix
  • Disparities in natural gas reserves and shrinking supplies
  • Inherent challenges in handling natural gas
PART 11: Impact of drivers and challenges

PART 12: Market trends
  • Low oil prices
  • Declining demand for F-class gas turbines
  • Stringent government regulations worldwide
PART 13: Vendor landscape

PART 14: Key vendor analysis
  • Ansaldo Energia
  • GE
  • Kawasaki Heavy Industries
  • Mitsubishi Hitachi Power Systems
  • Siemens
  • Solar Turbines
PART 15: Appendix
  • List of abbreviations
PART 16: About the Author

List of Exhibits
Exhibit 01: Characteristics of standard heavy-duty (frame) and aeroderivative gas turbines
Exhibit 02: Key countries in each region
Exhibit 03: Product offerings
Exhibit 04: Working principle of CCGT
Exhibit 05: Global CCGT market by geography
Exhibit 06: Available sources of power generation
Exhibit 07: Global CCGT market 2015-2020
Exhibit 08: Global CCGT market by revenue 2015-2020 ($ billions)
Exhibit 09: LCOE of CCGT versus other power generation technologies
Exhibit 10: Five forces analysis
Exhibit 11: Global CCGT market by design type 2015 and 2020
Exhibit 12: Global heavy-duty (frame) gas turbine market 2015-2020 ($ billions)
Exhibit 13: Heavy-duty (frame) gas turbines: Comparison of various models
Exhibit 14: Global aeroderivative gas turbine market 2015-2020 ($ billions)
Exhibit 15: Operational characteristics of gas-fired electricity generation
Exhibit 16: Global CCGT market by geography 2015 and 2020
Exhibit 17: CCGT market in APAC 2015-2020 ($ billions)
Exhibit 18: Generation cost in APAC (c/kWh)
Exhibit 19: CCGT market in Americas 2015-2020 ($ billions)
Exhibit 20: US installed power generating capacity by type 2015 and 2035
Exhibit 21: Planned CCGT capacity installation in US 2014-2020
Exhibit 22: CCGT market in EMEA 2015-2020 ($ billions)
Exhibit 23: GHG emissions from different sectors
Exhibit 24: CO2 emission limits on new coal power plants across US, UK, and China
Exhibit 25: Power installation cost per kW of different power generation sources
Exhibit 26: Coal-fired versus gas-fired plants
Exhibit 27: Share of CCGT in thermal power 2000-2014 (%)
Exhibit 28: Global electricity generation by fuel share 2003
Exhibit 29: Global electricity generation by fuel shares 2013
Exhibit 30: US net energy generation 2010
Exhibit 31: US net energy generation 2015
Exhibit 32: Impact of drivers
Exhibit 33: Investments in renewables 2010-2014 ($ billions)
Exhibit 34: Share of fossil fuels in global energy mix 2014 and 2035
Exhibit 35: Impact of drivers and challenges
Exhibit 36: Market share of key vendors in 2010 and 2015
Exhibit 37: Major M&A activities in global CCGT market
Exhibit 38: Geographical presence of key vendors
Exhibit 39: Solar Turbines: Key gas turbine-driven generator models
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FEATURED COMPANIES

  • and Solar Turbines.
  • Ansaldo Energia
  • GE
  • Kawasaki Heavy Industries
  • Siemens
  • MORE
New Report Released: – Global Combined Cycle Gas Turbine (CCGT) Market 2016-2020

The author of the report recognizes the following companies as the key players in the global combined cycle gas turbine (CCGT) market: Ansaldo Energia, GE, Kawasaki Heavy Industries, Mitsubishi Hitachi Power Systems, Siemens, and Solar Turbines.

Commenting on the report, an analyst from the research team said: “One of the key trends for market growth will be stringent government regulations worldwide. Growing concerns about resource depletion, increase in harmful emissions, and stricter regulations for climate change mitigation have increased the focus on technologies that can produce power in a much cleaner and more efficient manner. In 2015, the EPA passed the Clean Power Plan to reduce CO2 emissions from power plants by 30% from the 2005 levels by 2030. The states in the US have been given the flexibility to implement the plan by adopting a mix of options, such as offering credits or allowances, increasing renewable power generation, using carbon capture technologies, and attracting investments. Such initiatives are expected to increase the share of natural gas in the power mix from 27% in 2014 to 33% by 2020.”

According to the report, one of the major challenges to the growth of the global CCGT market is the high threat of substitution from low-carbon emission alternatives such as renewable and nuclear energy. With the increasing focus on carbon emissions, the world is shifting toward renewable energy to meet the growing energy demand. However, in the current scenario, renewable energy's high initial cost hinders its adoption on a significant scale. This challenge for renewable energy is proving to be a major driver for the global CCGT market that offers a lower cost of power installation than renewable and nuclear energy. The fact that gas turbines, mainly driven by natural gas, offer a cleaner power generation option than coal, currently the primary source of power generation, also supports market growth.

Further, the report states that one of the main challenges facing the growth of the global CCGT market is the over-reliance on gas turbines for power generation, which exposes consumers to disproportionate risks due to the volatility in natural gas prices. In order to safeguard power prices from price fluctuations, utilities always seek to maintain a balanced feedstock portfolio. However, in the present scenario, with a rapid shift toward gas turbines and natural gas-driven power plants in pursuit of cleaner modes of power generation, reliance on natural gas is continuously increasing. In the present, owing to low natural gas prices, the prospects of over-dependence on natural gas for power generation look less harmful.

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.
Note: Product cover images may vary from those shown
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- Ansaldo Energia
- GE
- Kawasaki Heavy Industries
- Mitsubishi Hitachi Power Systems
- Siemens
- and Solar Turbines.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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