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Gas Turbine Engine-Global Market Insights and Sales Trends 2024
Synopsis
The global Gas Turbine Engine market size is expected to reach US$ 3119.6 million by 2029, growing at a CAGR of 7.4% from 2023 to 2029. The market is mainly driven by the significant applications of Gas Turbine Engine in various end use industries. The expanding demands from the Large Aircraft, Small Gas Turbine and Other, are propelling Gas Turbine Engine market. Turbojet Engine, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Turbofan Engine segment is estimated at % CAGR for the next seven-year period.
Power Generation: In the power generation sector, there has been a growing emphasis on energy efficiency and reducing greenhouse gas emissions. Gas turbine engines, particularly combined cycle power plants that integrate gas turbines with steam turbines, have been favored for their ability to produce electricity efficiently and with lower emissions compared to some other power generation technologies, especially coal-fired power plants. The global transition toward cleaner energy sources and stricter environmental regulations has driven the demand for gas turbine-based power generation.
Aviation: The aviation industry has been focusing on fuel efficiency and emissions reduction as a response to both environmental concerns and the need to lower operational costs. Gas turbine engines used in commercial and military aircraft have undergone continuous technological advancements to improve fuel efficiency and reduce emissions, driving the demand for newer, more efficient engine models.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Gas Turbine Engine, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Gas Turbine Engine market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Gas Turbine Engine market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Gas Turbine Engine sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Gas Turbine Engine covered in this report include GE, Rolls-Royce, Zorya-Mashproekt, Pratt & Whitney, Daihatsu Diesel, Deutz, GMT, IHI Corporation Ltd. and Jason Engineering, etc.
The global Gas Turbine Engine market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
GE
Rolls-Royce
Zorya-Mashproekt
Pratt & Whitney
Daihatsu Diesel
Deutz
GMT
IHI Corporation Ltd.
Jason Engineering
Scania
SIA Rigas Dizelis
STX Engine
Global Gas Turbine Engine market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Gas Turbine Engine market, Segment by Type:
Turbojet Engine
Turbofan Engine
Turbo Propeller
Turbine Shaft Engine
Global Gas Turbine Engine market, by Application
Large Aircraft
Small Gas Turbine
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Gas Turbine Engine manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Gas Turbine Engine in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The global Gas Turbine Engine market size is expected to reach US$ 3119.6 million by 2029, growing at a CAGR of 7.4% from 2023 to 2029. The market is mainly driven by the significant applications of Gas Turbine Engine in various end use industries. The expanding demands from the Large Aircraft, Small Gas Turbine and Other, are propelling Gas Turbine Engine market. Turbojet Engine, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Turbofan Engine segment is estimated at % CAGR for the next seven-year period.
Power Generation: In the power generation sector, there has been a growing emphasis on energy efficiency and reducing greenhouse gas emissions. Gas turbine engines, particularly combined cycle power plants that integrate gas turbines with steam turbines, have been favored for their ability to produce electricity efficiently and with lower emissions compared to some other power generation technologies, especially coal-fired power plants. The global transition toward cleaner energy sources and stricter environmental regulations has driven the demand for gas turbine-based power generation.
Aviation: The aviation industry has been focusing on fuel efficiency and emissions reduction as a response to both environmental concerns and the need to lower operational costs. Gas turbine engines used in commercial and military aircraft have undergone continuous technological advancements to improve fuel efficiency and reduce emissions, driving the demand for newer, more efficient engine models.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Gas Turbine Engine, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Gas Turbine Engine market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Gas Turbine Engine market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Gas Turbine Engine sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Gas Turbine Engine covered in this report include GE, Rolls-Royce, Zorya-Mashproekt, Pratt & Whitney, Daihatsu Diesel, Deutz, GMT, IHI Corporation Ltd. and Jason Engineering, etc.
The global Gas Turbine Engine market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
GE
Rolls-Royce
Zorya-Mashproekt
Pratt & Whitney
Daihatsu Diesel
Deutz
GMT
IHI Corporation Ltd.
Jason Engineering
Scania
SIA Rigas Dizelis
STX Engine
Global Gas Turbine Engine market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Gas Turbine Engine market, Segment by Type:
Turbojet Engine
Turbofan Engine
Turbo Propeller
Turbine Shaft Engine
Global Gas Turbine Engine market, by Application
Large Aircraft
Small Gas Turbine
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Gas Turbine Engine manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Gas Turbine Engine in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Gas Turbine Engine Market Overview
1.1 Gas Turbine Engine Product Overview
1.2 Gas Turbine Engine Market Segment by Type
1.2.1 Turbojet Engine
1.2.2 Turbofan Engine
1.2.3 Turbo Propeller
1.2.4 Turbine Shaft Engine
1.3 Global Gas Turbine Engine Market Size by Type
1.3.1 Global Gas Turbine Engine Market Size Overview by Type (2018-2029)
1.3.2 Global Gas Turbine Engine Historic Market Size Review by Type (2018-2023)
1.3.3 Global Gas Turbine Engine Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Gas Turbine Engine Sales Breakdown by Type (2018-2023)
1.4.2 Europe Gas Turbine Engine Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Gas Turbine Engine Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Gas Turbine Engine Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Gas Turbine Engine Sales Breakdown by Type (2018-2023)
2 Global Gas Turbine Engine Market Competition by Company
2.1 Global Top Players by Gas Turbine Engine Sales (2018-2023)
2.2 Global Top Players by Gas Turbine Engine Revenue (2018-2023)
2.3 Global Top Players by Gas Turbine Engine Price (2018-2023)
2.4 Global Top Manufacturers Gas Turbine Engine Manufacturing Base Distribution, Sales Area, Product Type
2.5 Gas Turbine Engine Market Competitive Situation and Trends
2.5.1 Gas Turbine Engine Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Gas Turbine Engine Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Gas Turbine Engine as of 2022)
2.7 Date of Key Manufacturers Enter into Gas Turbine Engine Market
2.8 Key Manufacturers Gas Turbine Engine Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Gas Turbine Engine Status and Outlook by Region
3.1 Global Gas Turbine Engine Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Gas Turbine Engine Historic Market Size by Region
3.2.1 Global Gas Turbine Engine Sales in Volume by Region (2018-2023)
3.2.2 Global Gas Turbine Engine Sales in Value by Region (2018-2023)
3.2.3 Global Gas Turbine Engine Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Gas Turbine Engine Forecasted Market Size by Region
3.3.1 Global Gas Turbine Engine Sales in Volume by Region (2024-2029)
3.3.2 Global Gas Turbine Engine Sales in Value by Region (2024-2029)
3.3.3 Global Gas Turbine Engine Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Gas Turbine Engine by Application
4.1 Gas Turbine Engine Market Segment by Application
4.1.1 Large Aircraft
4.1.2 Small Gas Turbine
4.1.3 Other
4.2 Global Gas Turbine Engine Market Size by Application
4.2.1 Global Gas Turbine Engine Market Size Overview by Application (2018-2029)
4.2.2 Global Gas Turbine Engine Historic Market Size Review by Application (2018-2023)
4.2.3 Global Gas Turbine Engine Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Gas Turbine Engine Sales Breakdown by Application (2018-2023)
4.3.2 Europe Gas Turbine Engine Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Gas Turbine Engine Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Gas Turbine Engine Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Gas Turbine Engine Sales Breakdown by Application (2018-2023)
5 North America Gas Turbine Engine by Country
5.1 North America Gas Turbine Engine Historic Market Size by Country
5.1.1 North America Gas Turbine Engine Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Gas Turbine Engine Sales in Volume by Country (2018-2023)
5.1.3 North America Gas Turbine Engine Sales in Value by Country (2018-2023)
5.2 North America Gas Turbine Engine Forecasted Market Size by Country
5.2.1 North America Gas Turbine Engine Sales in Volume by Country (2024-2029)
5.2.2 North America Gas Turbine Engine Sales in Value by Country (2024-2029)
6 Europe Gas Turbine Engine by Country
6.1 Europe Gas Turbine Engine Historic Market Size by Country
6.1.1 Europe Gas Turbine Engine Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Gas Turbine Engine Sales in Volume by Country (2018-2023)
6.1.3 Europe Gas Turbine Engine Sales in Value by Country (2018-2023)
6.2 Europe Gas Turbine Engine Forecasted Market Size by Country
6.2.1 Europe Gas Turbine Engine Sales in Volume by Country (2024-2029)
6.2.2 Europe Gas Turbine Engine Sales in Value by Country (2024-2029)
7 Asia-Pacific Gas Turbine Engine by Region
7.1 Asia-Pacific Gas Turbine Engine Historic Market Size by Region
7.1.1 Asia-Pacific Gas Turbine Engine Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Gas Turbine Engine Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Gas Turbine Engine Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Gas Turbine Engine Forecasted Market Size by Region
7.2.1 Asia-Pacific Gas Turbine Engine Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Gas Turbine Engine Sales in Value by Region (2024-2029)
8 Latin America Gas Turbine Engine by Country
8.1 Latin America Gas Turbine Engine Historic Market Size by Country
8.1.1 Latin America Gas Turbine Engine Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Gas Turbine Engine Sales in Volume by Country (2018-2023)
8.1.3 Latin America Gas Turbine Engine Sales in Value by Country (2018-2023)
8.2 Latin America Gas Turbine Engine Forecasted Market Size by Country
8.2.1 Latin America Gas Turbine Engine Sales in Volume by Country (2024-2029)
8.2.2 Latin America Gas Turbine Engine Sales in Value by Country (2024-2029)
9 Middle East and Africa Gas Turbine Engine by Country
9.1 Middle East and Africa Gas Turbine Engine Historic Market Size by Country
9.1.1 Middle East and Africa Gas Turbine Engine Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Gas Turbine Engine Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Gas Turbine Engine Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Gas Turbine Engine Forecasted Market Size by Country
9.2.1 Middle East and Africa Gas Turbine Engine Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Gas Turbine Engine Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 GE
10.1.1 GE Company Information
10.1.2 GE Introduction and Business Overview
10.1.3 GE Gas Turbine Engine Sales, Revenue and Gross Margin (2018-2023)
10.1.4 GE Gas Turbine Engine Products Offered
10.1.5 GE Recent Development
10.2 Rolls-Royce
10.2.1 Rolls-Royce Company Information
10.2.2 Rolls-Royce Introduction and Business Overview
10.2.3 Rolls-Royce Gas Turbine Engine Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Rolls-Royce Gas Turbine Engine Products Offered
10.2.5 Rolls-Royce Recent Development
10.3 Zorya-Mashproekt
10.3.1 Zorya-Mashproekt Company Information
10.3.2 Zorya-Mashproekt Introduction and Business Overview
10.3.3 Zorya-Mashproekt Gas Turbine Engine Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Zorya-Mashproekt Gas Turbine Engine Products Offered
10.3.5 Zorya-Mashproekt Recent Development
10.4 Pratt & Whitney
10.4.1 Pratt & Whitney Company Information
10.4.2 Pratt & Whitney Introduction and Business Overview
10.4.3 Pratt & Whitney Gas Turbine Engine Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Pratt & Whitney Gas Turbine Engine Products Offered
10.4.5 Pratt & Whitney Recent Development
10.5 Daihatsu Diesel
10.5.1 Daihatsu Diesel Company Information
10.5.2 Daihatsu Diesel Introduction and Business Overview
10.5.3 Daihatsu Diesel Gas Turbine Engine Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Daihatsu Diesel Gas Turbine Engine Products Offered
10.5.5 Daihatsu Diesel Recent Development
10.6 Deutz
10.6.1 Deutz Company Information
10.6.2 Deutz Introduction and Business Overview
10.6.3 Deutz Gas Turbine Engine Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Deutz Gas Turbine Engine Products Offered
10.6.5 Deutz Recent Development
10.7 GMT
10.7.1 GMT Company Information
10.7.2 GMT Introduction and Business Overview
10.7.3 GMT Gas Turbine Engine Sales, Revenue and Gross Margin (2018-2023)
10.7.4 GMT Gas Turbine Engine Products Offered
10.7.5 GMT Recent Development
10.8 IHI Corporation Ltd.
10.8.1 IHI Corporation Ltd. Company Information
10.8.2 IHI Corporation Ltd. Introduction and Business Overview
10.8.3 IHI Corporation Ltd. Gas Turbine Engine Sales, Revenue and Gross Margin (2018-2023)
10.8.4 IHI Corporation Ltd. Gas Turbine Engine Products Offered
10.8.5 IHI Corporation Ltd. Recent Development
10.9 Jason Engineering
10.9.1 Jason Engineering Company Information
10.9.2 Jason Engineering Introduction and Business Overview
10.9.3 Jason Engineering Gas Turbine Engine Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Jason Engineering Gas Turbine Engine Products Offered
10.9.5 Jason Engineering Recent Development
10.10 Scania
10.10.1 Scania Company Information
10.10.2 Scania Introduction and Business Overview
10.10.3 Scania Gas Turbine Engine Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Scania Gas Turbine Engine Products Offered
10.10.5 Scania Recent Development
10.11 SIA Rigas Dizelis
10.11.1 SIA Rigas Dizelis Company Information
10.11.2 SIA Rigas Dizelis Introduction and Business Overview
10.11.3 SIA Rigas Dizelis Gas Turbine Engine Sales, Revenue and Gross Margin (2018-2023)
10.11.4 SIA Rigas Dizelis Gas Turbine Engine Products Offered
10.11.5 SIA Rigas Dizelis Recent Development
10.12 STX Engine
10.12.1 STX Engine Company Information
10.12.2 STX Engine Introduction and Business Overview
10.12.3 STX Engine Gas Turbine Engine Sales, Revenue and Gross Margin (2018-2023)
10.12.4 STX Engine Gas Turbine Engine Products Offered
10.12.5 STX Engine Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Gas Turbine Engine Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Gas Turbine Engine Industrial Chain Analysis
11.4 Gas Turbine Engine Market Dynamics
11.4.1 Gas Turbine Engine Industry Trends
11.4.2 Gas Turbine Engine Market Drivers
11.4.3 Gas Turbine Engine Market Challenges
11.4.4 Gas Turbine Engine Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Gas Turbine Engine Distributors
12.3 Gas Turbine Engine Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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