South America Gas Turbine Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Technology, Capacity, and Application

Combined Cycle Segment to Dominate South America Gas Turbine Market during 2019-2027

According to a new market research study on “South America Gas Turbine Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Technology, Capacity and application” is expected to reach US$2326.34 million by 2027 from US$1866.94 million in 2018. The market is estimated to grow at a CAGR of 2.5% from 2019 to 2027. The report provides trends prevailing in the South America gas turbine market along with the drivers and restraints pertaining to the market growth. Substitution of coal and nuclear-powered turbine with gas turbine to reduce carbon emission and escalating consumption of electricity due to rapid urbanization and industrialization are the major factor driving the growth of the South America gas turbine market However, the fragile supply chain of gas for electricity generation hinder the growth of South America gas turbine market.

The South America gas turbine market is segmented into technology, capacity, application and country. On Bases of technology, the market is segmented into open cycle and combined cycle. In 2018, the combined cycle segment held the largest share South America gas turbine market. Based on capacity the South America gas turbine market is divided into below 40 MW,40-120 MW,120-300 MW and above 30- MW. Above 300 MW is expected to the fastest-growing segment over the forecast period. Similarly, based on industry, the market is bifurcated into power generation, oil & gas, and Industrial. The power generation segment contributed a substantial share in 2018.

Brazil is the worst-hit country in South America due to the outbreak of COVID-19, followed by Ecuador, Chile, Peru, and Argentina, among others. The governments across South America are taking various actions such as factory shutdowns, travel bans, and lockdowns to contain the spread of the virus, which will ultimately affect anticipated the revenue generation and growth opportunities in this region. For instance, it is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several countries of South America will reduce economic activity in the manufacturing sectors for at least the next quarter, with a rebound once the pandemic is contained.

General Electric Company, Siemens Ag, Mitsubishi Hitachi power systems Ltd, and Bharat Heavy Electricals Limited, are few of the companies amongst the major players operating in the South America gas turbine market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in April 2019, MHPS Signs TLA with CSIC Longjiang GH Gas Turbine (GHGT) on H-25 Series Gas Turbine Technology. This facility will manufacture and supply gas turbines in China and all over the globe.

The report segments the South America Gas Turbine Market as follows:

South America Gas Turbine Market - By Technology

• Open cycle
• Combined Cycle

South America Gas Turbine Market - By Capacity

• Below 40 MW
• 40-120 MW
• 120-300 MW
• Above 300 MW

South America Gas Turbine Market - By Application

• Power Generation
• Oil and Gas
• Industrial

South America Gas Turbine Market - By Country

• Brazil
• Argentina
• Rest of South America

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South America gas turbine market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in South America Gas Turbine market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth South America market trends and outlook coupled with the factors driving the Gas Turbine market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.