Industries > Energy > Global Gas Turbine Market Report 2019-2029

Global Gas Turbine Market Report 2019-2029

Analysis by Technology (Open Cycle, Closed Cycle), by Rating Rate Capacity (Less than 40 MW, 40-120 MW, 120-300 MW, and Above 300 MW), Design Type (Heavy Duty, Aero derivative), by Application (Power, Oil & Gas), Company and Country Analysis and Forecasts

PAGES: 171
PRODUCT CODE: ENE0224
SUBMARKET: Gas

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Market Definition:
• The gas turbine is an engine at the core of the power plant that produces electric current.
• A gas turbine is an internal combustion engine, that converts natural gas or other liquid fuels to mechanical energy.

Market Overview and Trends
• Global electricity demand in upcoming years is likely to increase by nearly one-third of the current scenario.
• Turbines play a key role in reducing the carbon emissions, also in comparison with other combustion-based power generation Applications, they emit lesser emissions.

Market Dynamics:

Factors Influencing the Market Growth:
• Rising demand for natural gas-fired power plants
• Surge in demand for electricity
• Efficient power generation Technology

Factors Restraining the Market Growth:
• Natural gas price volatility
• Rising concern regarding natural gas infrastructure

Market Segmentation 2019-2029:

By Technology
• Open cycle market, 2019-2029
• Closed cycle market, 2019-2029

Rating Rate Capacity
• Less than 40 mw
• 40-120 mw
• 120-300 mw
• Above 300 mw

Design Type
• Heavy Duty
• Aeroderivative

Application
• Power
• Oil & Gas

Geographic breakdown
Focused regional forecasts and analysis explore the future opportunities:
• North America Market, 2019-2029
• Europe Market, 2019-2029
• Asia-Pacific Market, 2019-2029
• Latin America Market, 2019-2029
• Middle East Market, 2019-2029
• Africa Market, 2019-2029

Competitive Analysis:
• Being a new Technology, there are very few companies operating in the fuel cell market. However, number of players are entering in this arena by developing more standardized and cost effective Materials.
• Companies are strategically expanding their global presence and offering improved bag filter Technology across various sectors.

Major Market Players:
• Kawasaki Heavy Industries, Siemens, GE, MHPS, Ansaldo, Harbin Electric, OPRA, MAN Diesel, Solar Turbines, Vericor Power.

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