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Gas Turbines-Global Market Insights and Sales Trends 2024
Synopsis
A gas turbine engine, or gas turbine, is an engine belonging to a heat engine.The increasing demand for natural gas-fired power plants, rising demand for electricity, reduction in emissions of carbon dioxide, and availability of efficient power technology are driving the gas turbines market.
The global Gas Turbines market size is expected to reach US$ 19480 million by 2029, growing at a CAGR of 2.7% from 2023 to 2029. The market is mainly driven by the significant applications of Gas Turbines in various end use industries. The expanding demands from the Power Generation and Mechanical Drive, are propelling Gas Turbines market. Below 70 MW, 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 70-300 MW segment is estimated at % CAGR for the next seven-year period.
The heavy duty design type segment is expected to grow at the highest CAGR, from 2017 to 2022.
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 Turbines, 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 Turbines 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 Turbines market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Gas Turbines 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 Turbines covered in this report include Ansaldo Energia, Bharat Heavy Electricals Limited, General Electric, Harbin Electric International Company Limited, Kawasaki Heavy Industries Ltd, Man Diesel and Turbo, Mitsubishi Hitachi Power Systems Ltd, Opra Turbines and Siemens, etc.
The global Gas Turbines market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Ansaldo Energia
Bharat Heavy Electricals Limited
General Electric
Harbin Electric International Company Limited
Kawasaki Heavy Industries Ltd
Man Diesel and Turbo
Mitsubishi Hitachi Power Systems Ltd
Opra Turbines
Siemens
Vericor Power Systems
Global Gas Turbines 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 Turbines market, Segment by Type:
Below 70 MW
70-300 MW
Above 300 MW
Global Gas Turbines market, by Application
Power Generation
Mechanical Drive
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 Turbines manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Gas Turbines 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.
A gas turbine engine, or gas turbine, is an engine belonging to a heat engine.The increasing demand for natural gas-fired power plants, rising demand for electricity, reduction in emissions of carbon dioxide, and availability of efficient power technology are driving the gas turbines market.
The global Gas Turbines market size is expected to reach US$ 19480 million by 2029, growing at a CAGR of 2.7% from 2023 to 2029. The market is mainly driven by the significant applications of Gas Turbines in various end use industries. The expanding demands from the Power Generation and Mechanical Drive, are propelling Gas Turbines market. Below 70 MW, 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 70-300 MW segment is estimated at % CAGR for the next seven-year period.
The heavy duty design type segment is expected to grow at the highest CAGR, from 2017 to 2022.
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 Turbines, 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 Turbines 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 Turbines market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Gas Turbines 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 Turbines covered in this report include Ansaldo Energia, Bharat Heavy Electricals Limited, General Electric, Harbin Electric International Company Limited, Kawasaki Heavy Industries Ltd, Man Diesel and Turbo, Mitsubishi Hitachi Power Systems Ltd, Opra Turbines and Siemens, etc.
The global Gas Turbines market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Ansaldo Energia
Bharat Heavy Electricals Limited
General Electric
Harbin Electric International Company Limited
Kawasaki Heavy Industries Ltd
Man Diesel and Turbo
Mitsubishi Hitachi Power Systems Ltd
Opra Turbines
Siemens
Vericor Power Systems
Global Gas Turbines 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 Turbines market, Segment by Type:
Below 70 MW
70-300 MW
Above 300 MW
Global Gas Turbines market, by Application
Power Generation
Mechanical Drive
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 Turbines manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Gas Turbines 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 Turbines Market Overview
1.1 Gas Turbines Product Overview
1.2 Gas Turbines Market Segment by Type
1.2.1 Below 70 MW
1.2.2 70-300 MW
1.2.3 Above 300 MW
1.3 Global Gas Turbines Market Size by Type
1.3.1 Global Gas Turbines Market Size Overview by Type (2018-2029)
1.3.2 Global Gas Turbines Historic Market Size Review by Type (2018-2023)
1.3.3 Global Gas Turbines Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Gas Turbines Sales Breakdown by Type (2018-2023)
1.4.2 Europe Gas Turbines Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Gas Turbines Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Gas Turbines Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Gas Turbines Sales Breakdown by Type (2018-2023)
2 Global Gas Turbines Market Competition by Company
2.1 Global Top Players by Gas Turbines Sales (2018-2023)
2.2 Global Top Players by Gas Turbines Revenue (2018-2023)
2.3 Global Top Players by Gas Turbines Price (2018-2023)
2.4 Global Top Manufacturers Gas Turbines Manufacturing Base Distribution, Sales Area, Product Type
2.5 Gas Turbines Market Competitive Situation and Trends
2.5.1 Gas Turbines Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Gas Turbines 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 Turbines as of 2022)
2.7 Date of Key Manufacturers Enter into Gas Turbines Market
2.8 Key Manufacturers Gas Turbines Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Gas Turbines Status and Outlook by Region
3.1 Global Gas Turbines Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Gas Turbines Historic Market Size by Region
3.2.1 Global Gas Turbines Sales in Volume by Region (2018-2023)
3.2.2 Global Gas Turbines Sales in Value by Region (2018-2023)
3.2.3 Global Gas Turbines Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Gas Turbines Forecasted Market Size by Region
3.3.1 Global Gas Turbines Sales in Volume by Region (2024-2029)
3.3.2 Global Gas Turbines Sales in Value by Region (2024-2029)
3.3.3 Global Gas Turbines Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Gas Turbines by Application
4.1 Gas Turbines Market Segment by Application
4.1.1 Power Generation
4.1.2 Mechanical Drive
4.2 Global Gas Turbines Market Size by Application
4.2.1 Global Gas Turbines Market Size Overview by Application (2018-2029)
4.2.2 Global Gas Turbines Historic Market Size Review by Application (2018-2023)
4.2.3 Global Gas Turbines Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Gas Turbines Sales Breakdown by Application (2018-2023)
4.3.2 Europe Gas Turbines Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Gas Turbines Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Gas Turbines Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Gas Turbines Sales Breakdown by Application (2018-2023)
5 North America Gas Turbines by Country
5.1 North America Gas Turbines Historic Market Size by Country
5.1.1 North America Gas Turbines Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Gas Turbines Sales in Volume by Country (2018-2023)
5.1.3 North America Gas Turbines Sales in Value by Country (2018-2023)
5.2 North America Gas Turbines Forecasted Market Size by Country
5.2.1 North America Gas Turbines Sales in Volume by Country (2024-2029)
5.2.2 North America Gas Turbines Sales in Value by Country (2024-2029)
6 Europe Gas Turbines by Country
6.1 Europe Gas Turbines Historic Market Size by Country
6.1.1 Europe Gas Turbines Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Gas Turbines Sales in Volume by Country (2018-2023)
6.1.3 Europe Gas Turbines Sales in Value by Country (2018-2023)
6.2 Europe Gas Turbines Forecasted Market Size by Country
6.2.1 Europe Gas Turbines Sales in Volume by Country (2024-2029)
6.2.2 Europe Gas Turbines Sales in Value by Country (2024-2029)
7 Asia-Pacific Gas Turbines by Region
7.1 Asia-Pacific Gas Turbines Historic Market Size by Region
7.1.1 Asia-Pacific Gas Turbines Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Gas Turbines Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Gas Turbines Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Gas Turbines Forecasted Market Size by Region
7.2.1 Asia-Pacific Gas Turbines Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Gas Turbines Sales in Value by Region (2024-2029)
8 Latin America Gas Turbines by Country
8.1 Latin America Gas Turbines Historic Market Size by Country
8.1.1 Latin America Gas Turbines Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Gas Turbines Sales in Volume by Country (2018-2023)
8.1.3 Latin America Gas Turbines Sales in Value by Country (2018-2023)
8.2 Latin America Gas Turbines Forecasted Market Size by Country
8.2.1 Latin America Gas Turbines Sales in Volume by Country (2024-2029)
8.2.2 Latin America Gas Turbines Sales in Value by Country (2024-2029)
9 Middle East and Africa Gas Turbines by Country
9.1 Middle East and Africa Gas Turbines Historic Market Size by Country
9.1.1 Middle East and Africa Gas Turbines Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Gas Turbines Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Gas Turbines Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Gas Turbines Forecasted Market Size by Country
9.2.1 Middle East and Africa Gas Turbines Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Gas Turbines Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Ansaldo Energia
10.1.1 Ansaldo Energia Company Information
10.1.2 Ansaldo Energia Introduction and Business Overview
10.1.3 Ansaldo Energia Gas Turbines Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Ansaldo Energia Gas Turbines Products Offered
10.1.5 Ansaldo Energia Recent Development
10.2 Bharat Heavy Electricals Limited
10.2.1 Bharat Heavy Electricals Limited Company Information
10.2.2 Bharat Heavy Electricals Limited Introduction and Business Overview
10.2.3 Bharat Heavy Electricals Limited Gas Turbines Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Bharat Heavy Electricals Limited Gas Turbines Products Offered
10.2.5 Bharat Heavy Electricals Limited Recent Development
10.3 General Electric
10.3.1 General Electric Company Information
10.3.2 General Electric Introduction and Business Overview
10.3.3 General Electric Gas Turbines Sales, Revenue and Gross Margin (2018-2023)
10.3.4 General Electric Gas Turbines Products Offered
10.3.5 General Electric Recent Development
10.4 Harbin Electric International Company Limited
10.4.1 Harbin Electric International Company Limited Company Information
10.4.2 Harbin Electric International Company Limited Introduction and Business Overview
10.4.3 Harbin Electric International Company Limited Gas Turbines Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Harbin Electric International Company Limited Gas Turbines Products Offered
10.4.5 Harbin Electric International Company Limited Recent Development
10.5 Kawasaki Heavy Industries Ltd
10.5.1 Kawasaki Heavy Industries Ltd Company Information
10.5.2 Kawasaki Heavy Industries Ltd Introduction and Business Overview
10.5.3 Kawasaki Heavy Industries Ltd Gas Turbines Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Kawasaki Heavy Industries Ltd Gas Turbines Products Offered
10.5.5 Kawasaki Heavy Industries Ltd Recent Development
10.6 Man Diesel and Turbo
10.6.1 Man Diesel and Turbo Company Information
10.6.2 Man Diesel and Turbo Introduction and Business Overview
10.6.3 Man Diesel and Turbo Gas Turbines Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Man Diesel and Turbo Gas Turbines Products Offered
10.6.5 Man Diesel and Turbo Recent Development
10.7 Mitsubishi Hitachi Power Systems Ltd
10.7.1 Mitsubishi Hitachi Power Systems Ltd Company Information
10.7.2 Mitsubishi Hitachi Power Systems Ltd Introduction and Business Overview
10.7.3 Mitsubishi Hitachi Power Systems Ltd Gas Turbines Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Mitsubishi Hitachi Power Systems Ltd Gas Turbines Products Offered
10.7.5 Mitsubishi Hitachi Power Systems Ltd Recent Development
10.8 Opra Turbines
10.8.1 Opra Turbines Company Information
10.8.2 Opra Turbines Introduction and Business Overview
10.8.3 Opra Turbines Gas Turbines Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Opra Turbines Gas Turbines Products Offered
10.8.5 Opra Turbines Recent Development
10.9 Siemens
10.9.1 Siemens Company Information
10.9.2 Siemens Introduction and Business Overview
10.9.3 Siemens Gas Turbines Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Siemens Gas Turbines Products Offered
10.9.5 Siemens Recent Development
10.10 Vericor Power Systems
10.10.1 Vericor Power Systems Company Information
10.10.2 Vericor Power Systems Introduction and Business Overview
10.10.3 Vericor Power Systems Gas Turbines Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Vericor Power Systems Gas Turbines Products Offered
10.10.5 Vericor Power Systems Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Gas Turbines 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 Turbines Industrial Chain Analysis
11.4 Gas Turbines Market Dynamics
11.4.1 Gas Turbines Industry Trends
11.4.2 Gas Turbines Market Drivers
11.4.3 Gas Turbines Market Challenges
11.4.4 Gas Turbines Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Gas Turbines Distributors
12.3 Gas Turbines 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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