Gas Turbine Market, Update 2017: Global Market Size, Competitive Landscape, Key Country Analysis, and Forecasts to 2021

  • ID: 4225279
  • Report
  • Region: Global
  • 111 pages
  • GlobalData
1 of 4

FEATURED COMPANIES

  • Ansaldo Energia S.p.A.
  • GE Power
  • Siemens AG
  • MORE
Summary

A gas turbine is a combustion engine that can convert natural gas or other liquid fuels to mechanical energy. It consists of an air compressor, turbine blades, and a combustion chamber. The pressurized gas is used to turn the blades in the turbine, which consequently produces electricity through the generator. Gas turbines are designed to produce pressurized gas by burning natural gas or other liquid fuels, which is used to turn the turbine blades.

The total global gas turbine market registered USD8.49 Billion in 2016 and is projected to reach USD7.73 Billion in 2021. In terms of the market volume, the market witnessed 35.24 Gigawatts (GW) in 2016 and is projected to reach 35.73 GW in 2021. The majority of the market revenue is estimated to come from China along with other emerging economies in the Middle East, Africa, and Asia. Factors such as power plant capacity additions to meet electricity demand, stringent emission norms, and recent shale gas discoveries across the globe are the major factors having a positive impact on the gas turbine market.

Europe, Middle East, and Africa (EMEA) region led the gas turbine market in 2016 registering USD3.84 Billion followed by Asia-Pacific region with approximately USD2.34 Billion in 2016. However, Asia-Pacific is projected to lead the gas turbine market at the end of the forecast period and reach USD3.05 Billion in 2021. In terms of the market volume, the Asia-Pacific gas turbine market registered 9.78 GW in 2016 and is projected to reach 14.07 GW in 2021.

Global warming and other harmful environmental effects have become a high priority for economies in the recent years. These concerns have led many countries like the US, India, European Union (EU) member states, and China to adopt stringent emissions norms, thereby, encouraging the use of cleaner sources of power generation. In this scenario, natural gas is expected to be a strong competitor for coal. Emerging trends such as increasing focus on gas turbine advancement, in order to raise efficiency, and development of high temperature materials for turbines, have a direct impact on the dynamics of the gas turbine industry.

EMEA is anticipated to be the largest market for gas turbines with aggregate capacity of 74.22 GW between 2017 and 2021. The growth of gas turbines in this region is largely driven by investments in the power generation sector and increasing environmental concerns. In the EMEA region, countries are experiencing increasing electricity demand, and are heavily reliant upon coal, oil, or gas power generation in order to meet their electricity needs.

The Americas witnessed to be the second largest market for gas turbines with aggregate capacity of 63.20 GW between 2017 and 2021. Asia-Pacific is estimated to be the third largest gas turbine market in the forecast period. It is estimated to have a cumulative installed capacity of approximately 62.33 GW between 2017 and 2021. The market was valued at USD2.34 Billion in 2016 and is estimated to reach USD3.05 Billion in 2021.

The report “Gas Turbine Market, Update 2017: Global Market Size, Competitive Landscape, Key Country Analysis, and Forecasts to 2021” offers comprehensive information and understanding of the global gas turbine market. Additionally, this report offers in-depth analysis of gas turbine market at global, regional (Asia-Pacific, Americas, Europe, and Middle East and Africa) and key countries (the US, Canada, China, India, Japan, Australia, Indonesia, Germany, the UK, Saudi Arabia) level.

In depth, this report provides the following:
- Analysis of the growth of gas turbine market with a focus on market value and volume in global and regional level including Asia-Pacific, Americas, Europe, and Middle East and Africa.
- Analysis about gas turbine market value and volume for the historic (2011-2016) and forecast (2017-2021) period.
- This report provides competitive landscape at country level for the year 2016 and profiles of major players in gas turbine market.
- Helps to identify key partners and business-development avenues, based on an understanding of the movements of the major competitors in the gas turbine market.

Companies mentioned in this report: GE Power, Bharat Heavy Electricals Limited, Dongfang Electric Corporation Limited, Siemens AG, Nanjing Turbine & Electric Machinery (group) Co., Ltd., Mitsubishi Hitachi Power Systems, Ltd., Caterpillar Solar Turbines, Ansaldo Energia S.p.A.

Scope

The report analyses Gas Turbine market. Its scope includes:
- Analysis of the growth of gas turbine market with a focus on market value and volume in global and regional level including Asia-Pacific, Americas, Europe, and Middle East and Africa.
- The report provides gas turbine market analysis for key countries including the US, Canada, China, India, Japan, Australia, Indonesia, Germany, the UK, and Saudi Arabia.
- The report offers country level gas turbine market value and volume for the historical (2011-2016) and forecast (2017-2021) periods.
- It provides competitive landscape at country level for the year 2016 and profiles of major players in gas turbine market.
- Annual additions, market value, key market drivers and restraints, and analysis of their impact in gas turbine market are also discussed.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to:
- Facilitate decision-making by analyzing historical and forecast data on gas turbine market
- Develop strategies based on developments in the gas turbine market
- Identify key partners and business-development avenues, based on an understanding of the movements of the major competitors in the gas turbine market
- Respond to your competitors’ business structure, strategies and prospects
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Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Ansaldo Energia S.p.A.
  • GE Power
  • Siemens AG
  • MORE
1 Table of Contents
2 Executive Summary
2.1 Global Gas Turbine Market Expected to Reach $7.73 Billion by 2021
2.2 EMEA to Dominate Gas Turbine Market during the Forecast Period, 2017-2021
3 Introduction
3.1 Gas Turbine, Overview
3.2 Report Guidance
4 Gas Turbine Market, Global
4.1 Gas Turbine Market, Global, Overview
4.2 Gas Turbine Market, Global, Market Value ($bn) by Capacity Segment, 2011-2021
4.3 Gas Turbine Market, Global, Market Volume (GW), 2011-2021
4.4 Gas Turbine Market, Global, Drivers
4.4.1 Stringent Emission Norms
4.4.2 Recent Shale Gas Discoveries
4.4.3 Increased Power Demand in Developing Economies
4.4.4 High Natural Gas Availability in CIS and MENA Countries
4.4.5 Low Construction Costs
4.5 Gas Turbine Market, Global, Restraints
4.5.1 Fluctuating Gas Prices and Fuel unavailability Create Uncertainty
4.5.2 Volatility of Raw Material Costs Impacts Market Growth
4.5.3 Proliferation of Solar and Wind Energy
4.6 Gas Turbine Market, Global, Competitive Landscape, 2016
5 Gas Turbine Market, Americas
5.1 Gas Turbine Market, Americas, Overview
5.2 Gas Turbine Market, Americas, Drivers
5.2.1 Growing Focus on CCGT Power Plants
5.2.2 Increasing Focus on Clean Power Generation
5.2.3 Low Gas Prices due to Availability of Shale Gas Resource
5.3 Gas Turbine Market, Americas, Restraints
5.3.1 Shale Gas Drilling Uncertainties
5.3.2 Market Adversely Affected by Fuel Diversification
5.4 Gas Turbine Market, Americas, Market Value ($m) by Capacity Segment, 2011-2021
5.5 Gas Turbine Market, Americas, Market Volume (MW) by Capacity Segment, 2011-2021
5.6 Gas Turbine Market, US
5.6.1 Gas Turbine Market, US, Overview
5.6.2 Gas Turbine Market, US, Market Value ($m) by Capacity Segment, 2011-2021
5.6.3 Gas Turbine Market, US, Market Volume (MW) by Capacity Segment, 2011-2021
5.6.4 Gas Turbine Market, US, Competitive Landscape
5.7 Gas Turbine Market, Canada
5.7.1 Gas Turbine Market, Canada, Overview
5.8 Gas Turbine Market, Canada, Market Value ($m) by Capacity Segment, 2011-2021
5.8.1 Gas Turbine Market, Canada, Market Volume (MW) by Capacity Segment, 2011-2021
5.8.2 Gas Turbine Market, Canada, Competitive Landscape
6 Gas Turbine Market, Asia-Pacific
6.1 Gas Turbine Market, Asia-Pacific, Overview
6.2 Gas Turbine Market, Asia-Pacific, Drivers
6.2.1 Increased Focus toward Gas Power Generation
6.2.2 Growing Power Demand
6.2.3 Distributed Generation to Gain Momentum
6.3 Gas Turbine Market, Asia-Pacific, Restraints
6.3.1 Gas Supply Constraints
6.3.2 Lack of Infrastructure
6.3.3 Increase in Price May Limit Market Growth
6.4 Gas Turbine Market, Asia-Pacific, Market Value ($m) by Capacity Segment, 2011-2021
6.5 Gas Turbine Market, Asia-Pacific, Market Volume (MW) by Capacity Segment, 2011-2021
6.6 Gas Turbine Market, China
6.6.1 Gas Turbine Market, China, Overview
6.6.2 Gas Turbine Market, China, Market Value ($m) by Capacity Segment, 2011-2021
6.6.3 Gas Turbine Market, China, Market Volume (MW) by Capacity Segment, 2011-2021
6.6.4 Gas Turbine Market, China, Competitive Landscape
6.7 Gas Turbine Market, India
6.7.1 Gas Turbine Market, India, Overview
6.7.2 Gas Turbine Market, India, Market Value ($m) by Capacity Segment, 2011-2021
6.7.3 Gas Turbine Market, India, Market Volume (MW) by Capacity Segment, 2011-2021
6.7.4 Gas Turbine Market, India, Competitive Landscape
6.8 Gas Turbine Market, Japan
6.8.1 Gas Turbine Market, Japan, Overview
6.8.2 Gas Turbine Market, Japan, Market Value ($m) by Capacity Segment, 2011-2021
6.8.3 Gas Turbine Market, Japan, Market Volume (MW) by Capacity Segment, 2011-2021
6.8.4 AQCS Market, Japan, Competitive Landscape
6.9 Gas Turbine Market, Australia
6.9.1 Gas Turbine Market, Australia, Overview
6.9.2 Gas Turbine Market, Australia, Market Value ($m) by Capacity Segment, 2011-2021
6.9.3 Gas Turbine Market, Australia, Market Volume (MW) by Capacity Segment, 2011-2021
6.9.4 Gas Turbine Market, Australia, Competitive Landscape
6.10 Gas Turbine Market, Indonesia
6.10.1 Gas Turbine Market, Indonesia, Overview
6.10.2 Gas Turbine Market, Indonesia, Market Value ($m) by Capacity Segment, 2011-2021
6.10.3 Gas Turbine Market, Indonesia, Market Volume (MW) by Capacity Segment, 2011-2021
6.10.4 Gas Turbine Market, Indonesia, Competitive Landscape
7 Gas Turbine Market, Europe, Middle East, and Africa (EMEA)
7.1 Gas Turbine Market, EMEA, Overview
7.2 Gas Turbine Market, EMEA, Drivers
7.2.1 Increase Power Generation Plans
7.2.2 Large Natural Gas Reserves
7.3 Gas Turbine Market, EMEA, Restraints
7.3.1 Geopolitical Issues to Curb Market Growth
7.3.2 Insufficient Gas Transportation Network in African Countries
7.4 Gas Turbine Market, EMEA, Market Value ($m) by Capacity Segment, 2011-2021
7.5 Gas Turbine Market, EMEA, Market Volume (MW) by Capacity Segment, 2011-2021
7.6 Gas Turbine Market, Germany
7.6.1 Gas Turbine Market, Germany, Overview
7.6.2 Gas Turbine Market, Germany, Market Value ($m) by Capacity Segment, 2011-2021
7.6.3 Gas Turbine Market, Germany, Market Volume (MW) by Capacity Segment, 2011-2021
7.6.4 Gas Turbine Market, Germany, Competitive Landscape
7.7 Gas Turbine Market, UK
7.7.1 Gas Turbine Market, UK, Overview
7.7.2 Gas Turbine Market, UK, Market Value ($m) by Capacity Segment, 2011-2021
7.7.3 Gas Turbine Market, UK, Market Volume (MW) by Capacity Segment, 2011-2021
7.7.4 Gas Turbine Market, UK, Competitive Landscape
7.8 Gas Turbine Market, Saudi Arabia
7.8.1 Gas Turbine Market, Saudi Arabia, Overview
7.8.2 Gas Turbine Market, Saudi Arabia, Market Value ($m) by Capacity Segment, 2011-2021
7.8.3 Gas Turbine Market, Saudi Arabia, Market Volume (MW) by Capacity Segment, 2011-2021
7.8.4 Gas Turbine Market, Saudi Arabia, Competitive Landscape
8 Gas Turbine Market, Profiles of Major Players
8.1 GE Power
8.2 Siemens AG
8.3 Nanjing Turbine & Electric Machinery (group) Co., Ltd.
8.4 Mitsubishi Hitachi Power Systems, Ltd
9 Appendix
9.1 Abbreviations
9.2 Bibliography
9.3 Research Methodology
9.4 Secondary Research
9.5 Primary Research

List of Tables
Table 1: Gas Turbine Market, Global, Market Value ($bn), 2011-2021
Table 2: Gas Turbine Market, Global, Market Volume (GW) by Capacity Segment, 2011-2021
Table 3: Gas Turbine Market, Global, Recent Developments, GE Power
Table 4: Gas Turbine Market, Global, Market Share (%), 2016
Table 5: Gas Turbine Market, Americas, Market Value ($bn) by Capacity Segment, 2011-2021
Table 6: Gas Turbine Market, Americas, Market Volume (GW) by Capacity Segment, 2011-2021
Table 7: Gas Turbine Market, US, Recent Gas Based Power Projects
Table 8: Gas Turbine Market, US, Market Value ($m) by Capacity Segment, 2011-2021
Table 9: Gas Turbine Market, US, Market Volume (MW) by Capacity Segment, 2011-2021
Table 10: Gas Turbine Market, US, Market Share (%), 2016
Table 11: Gas Turbine Market, Canada, Recent Gas Based Power Projects
Table 12: Gas Turbine Market, Canada, Market Value ($m) by Capacity Segment, 2011-2021
Table 13: Gas Turbine Market, Canada, Market Volume (MW) by Capacity Segment, 2011-2021
Table 14: Gas Turbine Market, Canada, Market Share (%), 2016
Table 15: Gas Turbine Market, Asia-pacific, Market Value ($bn) by Capacity Segment, 2011-2021
Table 16: Gas Turbine Market, Asia-Pacific, Market Volume (GW) by Capacity Segment, 2011-2021
Table 17: Gas Turbine Market, China, Recent Gas Based Power Projects
Table 18: Gas Turbine Market, China, Market Value ($m) by Capacity Segment, 2011-2021
Table 19: Gas Turbine Market, China, Market Volume (MW) by Capacity Segment, 2011-2021
Table 20: Gas Turbine Market, China, Market Share (%), 2016
Table 21: Gas Turbine Market, India, Recent Gas Based Power Projects
Table 22: Gas Turbine Market, India, Market Value ($m) by Capacity Segment, 2011-2021
Table 23: Gas Turbine Market, India, Market Volume (MW) by Capacity Segment, 2011-2021
Table 24: Gas Turbine Market, India, Market Share (%), 2016
Table 25: Gas Turbine Market, Japan, Recent Gas Based Power Projects
Table 26: Gas Turbine Market, Japan, Market Value ($m) by Capacity Segment, 2011-2021
Table 27: Gas Turbine Market, Japan, Market Volume (MW) by Capacity Segment, 2011-2021
Table 28: Gas Turbine Market, Japan, Market Share (%), 2016
Table 29: Gas Turbine Market, Australia, Recent Gas Based Power Projects
Table 30: Gas Turbine Market, Australia, Market Value ($m) by Capacity Segment, 2011-2021
Table 31: Gas Turbine Market, Australia, Market Volume (MW) by Capacity Segment, 2011-2021
Table 32: Gas Turbine Market, Australia, Market Share (%), 2016
Table 33: Gas Turbine Market, Indonesia, Recent Gas Based Power Projects
Table 34: Gas Turbine Market, Indonesia, Market Value ($m) by Capacity Segment, 2011-2021
Table 35: Gas Turbine Market, Indonesia, Market Volume (MW) by Capacity Segment, 2011-2021
Table 36: Gas Turbine Market, Indonesia, Market Share (%), 2016
Table 37: Gas Turbine Market, EMEA, Market Value ($bn) by Capacity Segment, 2011-2021
Table 38: Gas Turbine Market, EMEA, Market Volume (GW) by Capacity Segment, 2011-2021
Table 39: Gas Turbine Market, Germany, Recent Gas Based Power Projects
Table 40: Gas Turbine Market, Germany, Market Value ($m) by Capacity Segment, 2011-2021
Table 41: Gas Turbine Market, Germany, Market Volume (MW) by Capacity Segment, 2011-2021
Table 42: Gas Turbine Market, Germany, Market Share (%), 2016
Table 43: Gas Turbine Market, UK, Recent Gas Based Power Projects
Table 44: Gas Turbine Market, UK, Market Value ($m) by Capacity Segment, 2011-2021
Table 45: Gas Turbine Market, UK, Market Volume (MW) by Capacity Segment, 2011-2021
Table 46: Gas Turbine Market, UK, Market Share (%), 2016
Table 47: Gas Turbine Market, Saudi Arabia, Recent Gas Based Power Projects
Table 48: Gas Turbine Market, Saudi Arabia, Market Value ($m) by Capacity Segment, 2011-2021
Table 49: Gas Turbine Market, Saudi Arabia, Market Volume (MW) by Capacity Segment, 2011-2021
Table 50: Gas Turbine Market, Saudi Arabia, Market Share (%), 2016
Table 51: Abbreviations

List of Figures
Figure 1: Gas Turbine Market, Global, Market Value ($bn), 2011, 2016, 2021
Figure 2: Gas Turbine Market, Global, Regional Share by Aggregate Market Value (%), 2017-2021
Figure 3: Gas Turbine Market, Gas Turbine Electric Power Generation
Figure 4: Gas Turbine Market, Global, Market Value ($bn) by Capacity Segment, 2011-2021
Figure 5: Gas Turbine Market, Global, Market Volume (GW) by Capacity Segment, 2011-2021
Figure 6: Gas Turbine Market, Global, Market Share (%), 2016
Figure 7: Gas Turbine Market, Americas, Market Value ($bn) by Capacity Segment, 2011-2021
Figure 8: Gas Turbine Market, Americas, Market Volume (GW) by Capacity Segment, 2011-2021
Figure 9: Gas Turbine Market, US, Market Value ($m) by Capacity Segment, 2011-2021
Figure 10: Gas Turbine Market, US, Market Volume (MW) by Capacity Segment, 2011-2021
Figure 11: Gas Turbine Market, US, Market Share (%), 2016
Figure 12: Gas Turbine Market, Canada, Market Value ($m) by Capacity Segment, 2011-2021
Figure 13: Gas Turbine Market, Canada, Market Volume (MW) by Capacity Segment, 2011-2021
Figure 14: Gas Turbine Market, Canada, Market Share (%), 2016
Figure 15: Gas Turbine Market, Asia-Pacific, Market Value ($bn) by Capacity Segment, 2011-2021
Figure 16: Gas Turbine Market, Asia-Pacific, Market Volume (GW) by Capacity Segment, 2011-2021
Figure 17: Gas Turbine Market, China, Market Value ($m) by Capacity Segment, 2011-2021
Figure 18: Gas Turbine Market, China, Market Volume (MW) by Capacity Segment, 2011-2021
Figure 19: Gas Turbine Market, China, Market Share (%), 2016
Figure 20: Gas Turbine Market, India, Market Value ($m) by Capacity Segment, 2011-2021
Figure 21: Gas Turbine Market, India, Market Volume (MW) by Capacity Segment, 2011-2021
Figure 22: Gas Turbine Market, India, Market Share (%), 2016
Figure 23: Gas Turbine Market, Japan, Market Value ($m) by Capacity Segment, 2011-2021
Figure 24: Gas Turbine Market, Japan, Market Volume (MW) by Capacity Segment, 2011-2021
Figure 25: Gas Turbine Market, Japan, Market Share (%), 2016
Figure 26: Gas Turbine Market, Australia, Market Value ($m) by Capacity Segment, 2011-2021
Figure 27: Gas Turbine Market, Australia, Market Volume (MW) by Capacity Segment, 2011-2021
Figure 28: Gas Turbine Market, Australia, Market Share (%), 2016
Figure 29: Gas Turbine Market, Indonesia, Market Value ($m) by Capacity Segment, 2011-2021
Figure 30: Gas Turbine Market, Indonesia, Market Volume (MW) by Capacity Segment, 2011-2021
Figure 31: Gas Turbine Market, EMEA, Market Value ($bn) by Capacity Segment, 2011-2021
Figure 32: Gas Turbine Market, EMEA, Market Volume (GW) by Capacity Segment, 2011-2021
Figure 33: Gas Turbine Market, Germany, Market Value ($m) by Capacity Segment, 2011-2021
Figure 34: Gas Turbine Market, Germany, Market Volume (MW) by Capacity Segment, 2011-2021
Figure 35: Gas Turbine Market, Germany, Market Share (%), 2016
Figure 36: Gas Turbine Market, UK, Market Value ($m) by Capacity Segment, 2011-2021
Figure 37: Gas Turbine Market, UK, Market Volume (MW) by Capacity Segment, 2011-2021
Figure 38: Gas Turbine Market, Saudi Arabia, Market Value ($m) by Capacity Segment, 2011-2021
Figure 39: Gas Turbine Market, Saudi Arabia, Market Volume (MW) by Capacity Segment, 2011-
Note: Product cover images may vary from those shown
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  • GE Power
  • Bharat Heavy Electricals Limited
  • Dongfang Electric Corporation Limited
  • Siemens AG
  • Nanjing Turbine & Electric Machinery (group) Co., Ltd.
  • Mitsubishi Hitachi Power Systems, Ltd.
  • Caterpillar Solar Turbines
  • Ansaldo Energia S.p.A.
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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