Global Aeroderivative Gas Turbine Market 2016-2020

  • ID: 3883935
  • Report
  • Region: Global
  • 75 pages
  • TechNavio
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FEATURED COMPANIES

  • and Zorya.
  • GE
  • Mitsubishi Hitachi
  • Siemens
  • Vericor
  • MORE
About Gas Turbines

Gas turbines are primarily 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 causes the turbine to rotate. Aeroderivative gas turbines find wide application in various end-user segments, such as mobility power generation (primarily composed of marine and aeronautical applications); and oil and gas, food processing, paper and pulp, and chemical industries.

The analysts forecast the global aeroderivative gas turbine market to grow at a CAGR of 4.59% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global aeroderivative gas turbine market for 2016-2020. To calculate the market size, the report determines the installed capacity and price of gas turbines in various regions.

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

The report, Global Aeroderivative Gas Turbine 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
- GE
- Mitsubishi Hitachi
- Siemens
- Vericor
- Zorya

Market drivers
- Rising cogeneration applications for aeroderivative gas turbines
- For a full, detailed list, view the full report

Market challenges
- Irregularities in natural gas reserves and supplies
- For a full, detailed list, view the full report

Market trends
- Rise in distributed power generation
- 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 Zorya.
  • GE
  • Mitsubishi Hitachi
  • Siemens
  • Vericor
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
  • 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 end-user
  • Global aeroderivative gas turbine market by end-user
  • Mobility sector
  • Power generation
  • Oil and gas sector
PART 07: Geographical segmentation
  • Global gas turbine market by geography
  • APAC
  • Americas
  • EMEA
PART 08: Market drivers
  • Increased power-to-weight ratio of aeroderivative gas turbines
  • Rising cogeneration applications for aeroderivative gas turbines
  • Growing demand for aeroderivative gas turbines from mobility segment
  • Emerging regulations on carbon emissions
  • Consolidation of market vendors
PART 09: Market challenges
  • Risk of volatility in natural gas prices
  • Change in energy mix
  • Irregularities in natural gas reserves and supplies
  • Inherent challenges of handling natural gas
PART 10: Impact of drivers and challenges

PART 11: Market trends
  • Rise in distributed power generation
  • Low oil prices
  • Growing use of alternative fuels
PART 12: Vendor landscape
  • Competitive scenario
PART 13: Key vendor analysis
  • GE
  • Mitsubishi Hitachi
  • Siemens
  • Vericor
  • Zorya
PART 14: Appendix
  • List of abbreviations
PART 15: About the Author

List of Exhibits
Exhibit 01: Working principle of CCGT
Exhibit 02: Working principle of open cycle gas turbine
Exhibit 03: Key countries in each region
Exhibit 04: Product offerings
Exhibit 05: Attributes of standard heavy-duty (frame) and aeroderivative gas turbines
Exhibit 06: Global aeroderivative gas turbine by end-user
Exhibit 07: Global aeroderivative gas turbine market
Exhibit 08: Global aeroderivative gas turbine 2015-2020 ($ billions)
Exhibit 09: Operational characteristics of gas-fired electricity generation
Exhibit 10: Five forces analysis
Exhibit 11: Global aeroderivative gas turbine market by end-user 2015 and 2020
Exhibit 12: Aeroderivative gas turbine end-user in terms of revenue generation
Exhibit 13: Impact of major end-users on market
Exhibit 14: Global aeroderivative gas turbine market in mobility sector 2015-2020 ($ billions)
Exhibit 15: Global air traffic 2004-2016 (%)
Exhibit 16: In-service aircraft reaching 25 years of service life 2015-2025
Exhibit 17: Airplanes in service 2014-2035
Exhibit 18: New demand for aircraft by size 2014-2035
Exhibit 19: Global aeroderivative gas turbine market in power generation sector 2015-2020 ($ billions)
Exhibit 20: Fuel cost for gas turbine power plants in various regions 2020
Exhibit 21: Global aeroderivative gas turbine market in oil and gas sector 2015-2020 ($ billions)
Exhibit 22: Global aeroderivative gas turbine market by geography 2015-2020
Exhibit 23: Aeroderivative gas turbine market in APAC 2015-2020 ($ billions)
Exhibit 24: Aeroderivative gas turbine market in Americas 2015-2020 ($ billions)
Exhibit 25: Aeroderivative gas turbine market in EMEA 2015-2020 ($ billions)
Exhibit 26: Renewable energy power consumption in Europe 2005-2015 (million tons of oil equivalent)
Exhibit 27: Global marine fleet 2005-2014
Exhibit 28: Global economy GDP 2014-2020 ($ billions)
Exhibit 29: Marine trade volume demand 2015-2020 (millions of tons)
Exhibit 30: GHG emissions from different sectors
Exhibit 31: CO2 emission limits on new coal power plants across US, UK, and China
Exhibit 32: Renewable investments 2010-2014 ($ billions)
Exhibit 33: Share of fossil fuels in global energy mix 2014 and 2035
Exhibit 34: Impact of drivers and challenges
Exhibit 35:
Exhibit 36: Global distributed power growth by installed capacity, investment, and share of capacity addition 2000-2020
Exhibit 37: Vendor: Geographic presence
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FEATURED COMPANIES

  • and Zorya.
  • GE
  • Mitsubishi Hitachi
  • Siemens
  • Vericor
  • MORE
New Report Released: – Global Aeroderivative Gas Turbine Market 2016-2020

The author of the report recognizes the following companies as the key players in the global aeroderivative gas turbine market: GE, Mitsubishi Hitachi, Siemens, Vericor, and Zorya.

Commenting on the report, an analyst from the research team said: “Growing use of alternative fuels will be a key trend for market growth. The cost of gas turbine fuel can account for as high as 80% of the overall power generation cost even in the most efficient CC power plants. Low-cost alternative fuels are being increasingly used in marine and industrial plants. Fuel flexibility is gaining ground as a crucial factor for the development of new technologies and applications. The aeroderivative gas turbine is one such application that is being developed for fuel flexibility. Traditionally, natural gas is primarily used in such systems. However, other liquid fuels and gases are increasingly being increasingly used to power aeroderivative gas turbines as they are inexpensive options.”

According to the report, one of the key drivers for market growth will be increased power-to-weight ratio of aeroderivative gas turbines. The high power-to-weight ratio is one of the main characteristics of aeroderivative gas turbines. The power-to-weight ratio has been constantly improving for the last five decades. A 4,000% increase in the power-to-weight ratio has been registered since 1941. The US Navy, in the year 1941, designed the Iowa class battleships. These class battleships generated almost 212,000 shaft HP by utilizing a 4,443 tons steam plant. These figures translate into a power-to-weight ratio of 47.7 shp per ton. In current day scenario, four GE LM2500s or Rolls-Royce MT-30 gas turbines with machinery weight 118 tons can generate the same power output. The figures correspond to a power-to-weight ratio change from 47.7 shp per ton to 1,800 shp per ton. This is a significant reason for steam turbines to be increasingly replaced by gas turbines.

Further, the report states that the over-reliance on aeroderivative gas turbines for mobility and power generation is one of the main challenges faced by the growing global aeroderivative gas turbine market. This exposes consumers to the risk of volatility in natural gas prices. To safeguard power prices from price fluctuations, utilities always seek to maintain a balanced feedstock portfolio. However, in the present scenario, the reliance on natural gas is continuously increasing due to the rapid shift toward gas turbine and natural gas-driven power plants for cleaner modes of power generation and propulsion systems.

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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- GE
- Mitsubishi Hitachi
- Siemens
- Vericor
- and Zorya.
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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