Global Gas Turbines Market for Power Industry 2017-2021

  • ID: 4332720
  • Report
  • Region: Global
  • 82 pages
  • TechNavio
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FEATURED COMPANIES

  • Ansaldo Energia
  • BHEL
  • General Electric
  • Kawasaki Heavy Industries
  • MAN Diesel &Turbo
  • Motor Sich
  • MORE
About Gas Turbines

Gas turbines are used in gas-fired power plants. These plants include an internal combustion engine, wherein the fuel is mixed with air, causing ignition. The resultant high-temperature gas is directed toward a gas turbine through a nozzle, which results in rotation of the turbine. Gas turbines are mainly used in gas-fired power plants. These plants include an internal combustion engine, wherein the fuel is mixed with air, causing ignition. The resultant high-temperature gas is directed toward a gas turbine through a nozzle, which results in the rotation of the turbine.

The analysts forecast the global gas turbines market for power industry to grow at a CAGR of 2.44% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global gas turbines market for power industry for 2017-2021. The market size is calculated based on the demand for the gas turbines in the power plant sector.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Gas Turbines Market for Power Industry 2017-2021, 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
  • General Electric
  • Kawasaki Heavy Industries
  • Mitsubishi Hitachi Power Systems
  • Siemens
Other prominent vendors
  • BHEL
  • MAN Diesel &Turbo
  • Niigata Power Systems
  • Opra Technologies
  • Solar Turbines
Market drivers
  • Shutdown of coal-based power plants.
  • For a full, detailed list, view the full report
Market challenges
  • Preference for renewable energy sources.
  • For a full, detailed list, view the full report
Market trends
  • Technological innovations in gas turbines.
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 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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FEATURED COMPANIES

  • Ansaldo Energia
  • BHEL
  • General Electric
  • Kawasaki Heavy Industries
  • MAN Diesel &Turbo
  • Motor Sich
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research methodology

PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by technology
  • Market overview
  • Combined-cycle gas turbines
  • Open-cycle gas turbines
PART 07: Geographical segmentation
  • Global gas turbine market for power industry by geography
  • Gas turbine market for power industry in APAC
  • Gas turbine market for power industry in Americas
  • Gas turbine market for power industry in EMEA
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Impact of drivers on key customer segments
  • Market challenges
  • Impact of challenges on key customer segments
PART 10: Market trends
  • Technological innovations in gas turbines
  • Adopting cogeneration technology
PART 11: Vendor landscape
  • Competitive scenario
  • Geographic presence
  • Other prominent vendors
PART 12: Key vendor analysis
  • Ansaldo Energia
  • General Electric
  • Kawasaki Heavy Industries
  • Mitsubishi Hitachi Power Systems
  • Siemens
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Schematic diagram of gas turbines
Exhibit 02: Schematic diagram of a CCGT
Exhibit 03: Schematic diagram of an OCGT
Exhibit 04: Global gas turbine market for power industry by geography 2016-2021
Exhibit 05: Market overview
Exhibit 06: Global gas turbine market for power industry 2016-2021 ($ billions)
Exhibit 07: Five forces analysis
Exhibit 08: Global gas turbine for power industry segmentation by technology 2016 and 2021
Exhibit 09: Global combined-cycle gas turbine market for power industry 2016-2021 ($ billions)
Exhibit 10: Global open-cycle gas turbine market for power industry 2016-2021 ($ billions)
Exhibit 11: Comparison between CCGT and OCGT
Exhibit 12: Global gas turbine market for power industry by geography 2016 and 2021
Exhibit 13: Gas turbine market for power industry in APAC 2016-2021 ($ billions)
Exhibit 14: Power generation mix in India 2016
Exhibit 15: Regional share of installed capacity of gas-based power plants February 2016
Exhibit 16: Additions of installed capacities by 2022
Exhibit 17: Gas turbine market for power industry in Americas 2016-2021 ($ billions)
Exhibit 18: Average natural gas price 2014-2017 $/MMBtu)
Exhibit 19: Scheduled natural gas power plant capacity additions 2017 and 2018
Exhibit 20: Gas turbine market for power industry in EMEA 2016-2021 ($ billions)
Exhibit 21: Europe carbon emission from all sectors (million tons of CO2 equivalent) 2009-2014
Exhibit 22: Impact of drivers
Exhibit 23: Natural gas price trend 2006-2016 ($/MMBtu)
Exhibit 24: Benefits of renewable energy
Exhibit 25: Global market share of installed capacity of solar power plants 2000-2015
Exhibit 26: Nuclear reactors under planning/planned and construction stages in 10 countries as of January 2017
Exhibit 27: Impact of challenges
Exhibit 28: Benefits of cogeneration
Exhibit 29: Total CHP technical potential across all facilities 2016
Exhibit 30: Geographic presence of key vendors
Exhibit 31: Products and services by Ansaldo Energia
Exhibit 32: Product offerings by GE
Exhibit 33: Product offerings under gas turbines
Exhibit 34: Product groups and offerings by Kawasaki Heavy Industries
Exhibit 35: Gas turbine offerings by Kawasaki Heavy Industries
Exhibit 36: Product groups and offerings by MHPS
Exhibit 37: Product offerings: Gas turbines
Exhibit 38: Product offerings by Siemens
Exhibit 39: Gas turbines offered by Siemens
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FEATURED COMPANIES

  • Ansaldo Energia
  • BHEL
  • General Electric
  • Kawasaki Heavy Industries
  • MAN Diesel &Turbo
  • Motor Sich
  • MORE
New Report Released: – Global Gas Turbines Market for Power Industry 2017-2021

The author of the report recognizes the following companies as the key players in the global gas turbines market for power industry: Ansaldo Energia, General Electric, Kawasaki Heavy Industries, Mitsubishi Hitachi Power Systems, and Siemens.

Other Prominent Vendors in the market are: BHEL, MAN Diesel &Turbo, Niigata Power Systems, Motor Sich, OPRA technologies, and Solar Turbines.

Commenting on the report, an analyst from the research team said: “One trend in market is adopting cogeneration technology. Cogeneration is the simultaneous production of heat and electricity. CHP is embedded in most of the hospitals, universities, residential buildings, industries, and districts. The efficiency of cogeneration plants can reach up to 90% by utilizing the generated heat. The CHP fuel mix utilized by cogeneration plants are natural gas, fossil fuels, renewable sources, oil and oil products, and other fuels.”

According to the report, one driver in market is increase in CCGT power plants. The demand for combined-cycle gas turbines for power plants is on the rise due to increased efficiency and better output. The abundance of natural gas and its low cost has also enabled companies and utilities to build new natural gas-based thermal power plants. This has helped increase the number of CCGT plants globally. In the long term, CCGT will also help meet the carbon emission targets. The introduction of the US government’s Clean Power Plan will further propagate a shift from simple-cycle to combined-cycle plants, which have lower carbon dioxide (CO₂) emissions. This is because meeting the new performance standards for CO₂ emissions will be difficult with simple cycle plants. The CPP proposes state-by-state emission levels for existing power plants, with the cumulative goal of reducing nationwide carbon emissions by 30% by 2030, from the 2005 levels.

Further, the report states that one challenges in market is volatility in natural gas price. One of the main challenges hindering the growth of the global gas turbine market is volatility of natural gas prices. In order to safeguard the 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 turbine and natural gas-driven power plants in pursuit of cleaner modes of power generation, the reliance on natural gas is continuously increasing. At present, with low natural gas prices, the prospects of over-reliance on natural gas for power generation look less harmful. However, going by the historic trend of natural gas prices, as illustrated in the graph, the over-reliance on natural gas will expose consumers to high natural gas prices, prompted by its growing demand and recovery of crude oil prices.

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.
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  • Ansaldo Energia
  • General Electric
  • Kawasaki Heavy Industries
  • Mitsubishi Hitachi Power Systems
  • Siemens
  • BHEL
  • MAN Diesel &Turbo
  • Niigata Power Systems
  • Motor Sich
  • OPRA technologies
  • Solar Turbines
Note: Product cover images may vary from those shown
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