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Gas Turbines - Global Market Trajectory & Analytics

  • ID: 5139783
  • Report
  • September 2020
  • Region: Global
  • 187 pages
  • Global Industry Analysts, Inc
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Global Gas Turbines Market to Reach $26.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Gas Turbines estimated at US$21.2 Billion in the year 2020, is projected to reach a revised size of US$26.6 Billion by 2027, growing at a CAGR of 3.3% over the analysis period 2020-2027. Power Generation, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$11.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Oil & Gas segment is readjusted to a revised 3.3% CAGR for the next 7-year period.

The U. S. Market is Estimated at $5.7 Billion, While China is Forecast to Grow at 6.1% CAGR

The Gas Turbines market in the U. S. is estimated at US$5.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.5 Billion by the year 2027 trailing a CAGR of 6.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.9% and 2.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

Aviation Segment to Record 3% CAGR

In the global Aviation segment, USA, Canada, Japan, China and Europe will drive the 2.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8.2 Billion in the year 2020 will reach a projected size of US$9.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.7 Billion by the year 2027, while Latin America will expand at a 3.9% CAGR through the analysis period. We bring years of research experience to this 8th edition of our report. The 187-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • General Electric Company
  • Mitsubishi Hitachi Power Systems Ltd.
  • Siemens AG
  • Solar Turbines, Inc.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Global Competitor Market Shares
  • Gas Turbine Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: Gas Turbines Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
  • TABLE 2: Gas Turbines Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
  • TABLE 3: Gas Turbines Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
  • TABLE 4: Power Generation (End-Use) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
  • TABLE 5: Power Generation (End-Use) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
  • TABLE 6: Power Generation (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
  • TABLE 7: Oil & Gas (End-Use) Worldwide Sales in US$ Million by Region/Country: 2020-2027
  • TABLE 8: Oil & Gas (End-Use) Historic Demand Patterns in US$ Million by Region/Country: 2012-2019
  • TABLE 9: Oil & Gas (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
  • TABLE 10: Aviation (End-Use) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027
  • TABLE 11: Aviation (End-Use) Retrospective Demand Analysis in US$ Million by Region/Country: 2012-2019
  • TABLE 12: Aviation (End-Use) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Facts & Figures
  • US Gas Turbine Market Share (in %) by Company: 2019 & 2025
  • Market Analytics
  • TABLE 13: United States Gas Turbines Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
  • TABLE 14: Gas Turbines Historic Demand Patterns in the United States by End-Use in US$ Million for 2012-2019
  • TABLE 15: Gas Turbines Market Share Breakdown in the United States by End-Use: 2012 VS 2020 VS 2027
CANADA
  • TABLE 16: Canadian Gas Turbines Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
  • TABLE 17: Gas Turbines Market in Canada: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
  • TABLE 18: Canadian Gas Turbines Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
JAPAN
  • TABLE 19: Japanese Demand Estimates and Forecasts for Gas Turbines in US$ Million by End-Use: 2020 to 2027
  • TABLE 20: Japanese Gas Turbines Market in US$ Million by End-Use: 2012-2019
  • TABLE 21: Gas Turbines Market Share Shift in Japan by End-Use: 2012 VS 2020 VS 2027
CHINA
  • TABLE 22: Chinese Demand for Gas Turbines in US$ Million by End-Use: 2020 to 2027
  • TABLE 23: Gas Turbines Market Review in China in US$ Million by End-Use: 2012-2019
  • TABLE 24: Chinese Gas Turbines Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
EUROPE
  • Market Facts & Figures
  • European Gas Turbine Market: Competitor Market Share Scenario (in %) for 2019 & 2025
  • Market Analytics
  • TABLE 25: European Gas Turbines Market Demand Scenario in US$ Million by Region/Country: 2020-2027
  • TABLE 26: Gas Turbines Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
  • TABLE 27: European Gas Turbines Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
  • TABLE 28: European Gas Turbines Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
  • TABLE 29: Gas Turbines Market in Europe: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
  • TABLE 30: European Gas Turbines Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
FRANCE
  • TABLE 31: Gas Turbines Quantitative Demand Analysis in France in US$ Million by End-Use: 2020-2027
  • TABLE 32: French Gas Turbines Historic Market Review in US$ Million by End-Use: 2012-2019
  • TABLE 33: French Gas Turbines Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
GERMANY
  • TABLE 34: Gas Turbines Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
  • TABLE 35: German Gas Turbines Market in Retrospect in US$ Million by End-Use: 2012-2019
  • TABLE 36: Gas Turbines Market Share Distribution in Germany by End-Use: 2012 VS 2020 VS 2027
ITALY
  • TABLE 37: Italian Demand for Gas Turbines in US$ Million by End-Use: 2020 to 2027
  • TABLE 38: Gas Turbines Market Review in Italy in US$ Million by End-Use: 2012-2019
  • TABLE 39: Italian Gas Turbines Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
UNITED KINGDOM
  • TABLE 40: United Kingdom Demand Estimates and Forecasts for Gas Turbines in US$ Million by End-Use: 2020 to 2027
  • TABLE 41: United Kingdom Gas Turbines Market in US$ Million by End-Use: 2012-2019
  • TABLE 42: Gas Turbines Market Share Shift in the United Kingdom by End-Use: 2012 VS 2020 VS 2027
SPAIN
  • TABLE 43: Spanish Gas Turbines Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
  • TABLE 44: Gas Turbines Market in Spain: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
  • TABLE 45: Spanish Gas Turbines Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
RUSSIA
  • TABLE 46: Russian Gas Turbines Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
  • TABLE 47: Gas Turbines Historic Demand Patterns in Russia by End-Use in US$ Million for 2012-2019
  • TABLE 48: Gas Turbines Market Share Breakdown in Russia by End-Use: 2012 VS 2020 VS 2027
REST OF EUROPE
  • TABLE 49: Rest of Europe Gas Turbines Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
  • TABLE 50: Gas Turbines Market in Rest of Europe: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
  • TABLE 51: Rest of Europe Gas Turbines Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
ASIA-PACIFIC
  • TABLE 52: Asia-Pacific Gas Turbines Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
  • TABLE 53: Gas Turbines Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
  • TABLE 54: Asia-Pacific Gas Turbines Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
  • TABLE 55: Gas Turbines Quantitative Demand Analysis in Asia-Pacific in US$ Million by End-Use: 2020-2027
  • TABLE 56: Asia-Pacific Gas Turbines Historic Market Review in US$ Million by End-Use: 2012-2019
  • TABLE 57: Asia-Pacific Gas Turbines Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
AUSTRALIA
  • TABLE 58: Gas Turbines Market in Australia: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
  • TABLE 59: Australian Gas Turbines Market in Retrospect in US$ Million by End-Use: 2012-2019
  • TABLE 60: Gas Turbines Market Share Distribution in Australia by End-Use: 2012 VS 2020 VS 2027
INDIA
  • TABLE 61: Indian Gas Turbines Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
  • TABLE 62: Gas Turbines Market in India: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
  • TABLE 63: Indian Gas Turbines Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
SOUTH KOREA
  • TABLE 64: Gas Turbines Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by End-Use for the Period 2020-2027
  • TABLE 65: South Korean Gas Turbines Historic Market Analysis in US$ Million by End-Use: 2012-2019
  • TABLE 66: Gas Turbines Market Share Distribution in South Korea by End-Use: 2012 VS 2020 VS 2027
REST OF ASIA-PACIFIC
  • TABLE 67: Rest of Asia-Pacific Demand Estimates and Forecasts for Gas Turbines in US$ Million by End-Use: 2020 to 2027
  • TABLE 68: Rest of Asia-Pacific Gas Turbines Market in US$ Million by End-Use: 2012-2019
  • TABLE 69: Gas Turbines Market Share Shift in Rest of Asia-Pacific by End-Use: 2012 VS 2020 VS 2027
LATIN AMERICA
  • TABLE 70: Latin American Gas Turbines Market Trends by Region/Country in US$ Million: 2020-2027
  • TABLE 71: Gas Turbines Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
  • TABLE 72: Latin American Gas Turbines Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
  • TABLE 73: Latin American Demand for Gas Turbines in US$ Million by End-Use: 2020 to 2027
  • TABLE 74: Gas Turbines Market Review in Latin America in US$ Million by End-Use: 2012-2019
  • TABLE 75: Latin American Gas Turbines Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
ARGENTINA
  • TABLE 76: Argentinean Gas Turbines Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
  • TABLE 77: Gas Turbines Market in Argentina: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
  • TABLE 78: Argentinean Gas Turbines Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
BRAZIL
  • TABLE 79: Gas Turbines Quantitative Demand Analysis in Brazil in US$ Million by End-Use: 2020-2027
  • TABLE 80: Brazilian Gas Turbines Historic Market Review in US$ Million by End-Use: 2012-2019
  • TABLE 81: Brazilian Gas Turbines Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
MEXICO
  • TABLE 82: Gas Turbines Market in Mexico: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
  • TABLE 83: Mexican Gas Turbines Market in Retrospect in US$ Million by End-Use: 2012-2019
  • TABLE 84: Gas Turbines Market Share Distribution in Mexico by End-Use: 2012 VS 2020 VS 2027
REST OF LATIN AMERICA
  • TABLE 85: Rest of Latin America Gas Turbines Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
  • TABLE 86: Gas Turbines Historic Demand Patterns in Rest of Latin America by End-Use in US$ Million for 2012-2019
  • TABLE 87: Gas Turbines Market Share Breakdown in Rest of Latin America by End-Use: 2012 VS 2020 VS 2027
MIDDLE EAST
  • TABLE 88: The Middle East Gas Turbines Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
  • TABLE 89: Gas Turbines Market in the Middle East by Region/Country in US$ Million: 2012-2019
  • TABLE 90: The Middle East Gas Turbines Market Share Breakdown by Region/Country: 2012, 2020, and 2027
  • TABLE 91: The Middle East Gas Turbines Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
  • TABLE 92: Gas Turbines Market in the Middle East: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
  • TABLE 93: The Middle East Gas Turbines Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
IRAN
  • TABLE 94: Iranian Demand Estimates and Forecasts for Gas Turbines in US$ Million by End-Use: 2020 to 2027
  • TABLE 95: Iranian Gas Turbines Market in US$ Million by End-Use: 2012-2019
  • TABLE 96: Gas Turbines Market Share Shift in Iran by End-Use: 2012 VS 2020 VS 2027
ISRAEL
  • TABLE 97: Israeli Gas Turbines Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
  • TABLE 98: Gas Turbines Market in Israel: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
  • TABLE 99: Israeli Gas Turbines Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
SAUDI ARABIA
  • TABLE 100: Saudi Arabian Demand for Gas Turbines in US$ Million by End-Use: 2020 to 2027
  • TABLE 101: Gas Turbines Market Review in Saudi Arabia in US$ Million by End-Use: 2012-2019
  • TABLE 102: Saudi Arabian Gas Turbines Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
UNITED ARAB EMIRATES
  • TABLE 103: Gas Turbines Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by End-Use for the Period 2020-2027
  • TABLE 104: United Arab Emirates Gas Turbines Historic Market Analysis in US$ Million by End-Use: 2012-2019
  • TABLE 105: Gas Turbines Market Share Distribution in United Arab Emirates by End-Use: 2012 VS 2020 VS 2027
REST OF MIDDLE EAST
  • TABLE 106: Gas Turbines Market in Rest of Middle East: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
  • TABLE 107: Rest of Middle East Gas Turbines Market in Retrospect in US$ Million by End-Use: 2012-2019
  • TABLE 108: Gas Turbines Market Share Distribution in Rest of Middle East by End-Use: 2012 VS 2020 VS 2027
AFRICA
  • TABLE 109: African Gas Turbines Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
  • TABLE 110: Gas Turbines Historic Demand Patterns in Africa by End-Use in US$ Million for 2012-2019
  • TABLE 111: Gas Turbines Market Share Breakdown in Africa by End-Use: 2012 VS 2020 VS 2027
IV. COMPETITION
  • Total Companies Profiled: 46
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