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Gas turbines market to jump $19.6 billion by 2020 insights shared in detailed report

Gas Turbines Market Analysis 2017 is a professional Gas Turbines Market Size, Share, Manufacturers, Growth analysis report majorly focusing on Gas Turbines industry, trends, and sales across the globe. Gas Turbines Demand, Market Drivers, Challenges, and value chain Analysis also reviewed in this study. The gas turbines market is expected to reach USD 19.6 billion by 2020, at a CAGR of 3.9% during the forecast period.

Gas Turbines Market Industry provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Gas Turbines Market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.

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Gas Turbines manufacturers discussed in report:  General Electric Company (U.S.), Siemens AG (Germany), Mitsubishi Hitachi Power Systems, Ltd. (Japan), and Alstom S.A. (France) among others.

In this part, the report presents the company profile, product specifications, capacity, production value, and 2012-2017 market shares for each company from 2017 to 2022. Gas Turbines Market Analysis 2017  explores Gas Turbines  market by Design Type (Heavy Duty & Aeroderivative), Rated Capacity (1-40 MW,40-120 MW,120-300 MW, & Above 300 MW), Application (Oil & Gas, Power & Other), Technology (Open Cycle & Combined Cycle), and Region - Forecast and Trends to 2020.

Geographically this report split global into several key Regions, with sales (K Units), revenue (Million USD), growth rate, and market share of Gas Turbines for these regions, from 2012 to 2022 (forecast) across globe.

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Increasing demand for electric power worldwide and subsequent investments in creating new generating capacity is driving the gas turbines market across the world. The shale gas boom in North America and decommissioning of nuclear plants in Europe are likely to boost the demand for gas turbines in these two regions.

Meanwhile, the demand for gas turbines in the Middle East & Africa, Latin America, and Asia-Pacific would be influenced by the upcoming new gas-fired power plants as well as the upgrade of old existing thermal power plants.

The heavy duty (frame) type gas turbines segment accounted for more than two-third of the market. This can be attributed to the rise in large gas-fired power plants and the demand for heavy duty gas turbines that powers them.

Combined cycle plants with heavy duty type of turbines enable high flexibility and low emissions even in part load operation. Though the heavy duty type gas turbine segment holds the largest share, the aero derivative segment is projected to grow at the highest rate, owing to its higher efficiency and cost effectiveness.

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The Asia-Pacific region is currently the largest market for gas turbines, followed by Europe and North America. Japan accounted for a majority share in Asia-Pacific in 2014, while China is projected to grow at the highest CAGR from 2015 to 2020.

The slowdown in the nuclear power industry due to the Fukushima incident and continuing replacement of nuclear & aging coal plants with gas-fired ones would continue to drive the Japanese gas turbines market. In developing countries such as China and India, factors such as strong growth in demand for electricity fueled by high levels of urbanization, industrialization,& infrastructural developments and subsequent investments in developing new large-gas fired combined cycle power generation, apart from other power plants, would spur the demand for gas turbines.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players and industry consultants among other experts to obtain & verify critical qualitative and quantitate information as well as assess future market prospects. Distribution of primary interviews is as follows

  • By Company Type: Tier 1 – 55%, Tier 2 – 20% and Tier 3 – 25%.
  • By Designation: C-Level – 35%, Director Level – 25% and Others* – 40%.
  • By Region: Asia-Pacific – 40%, Middle East & Africa – 30%, Europe – 20% and Americas – 10%.

The bottom-up approach was used to estimate the Global market size of Gas Turbines Market based on end-use industry and region, in terms of value. Report focuses on Global major leading Gas Turbines industry players with information such as company profiles, product picture and specifications, sales, market share and contact information.

What’s more, the Gas Turbines Market industry development trends and marketing channels are analyzed.

The research provides you-

  • Global Gas Turbines Competition by Players/Suppliers, Type and Application
  • Global Gas Turbines Sales Market Report 2017
  • Global Gas Turbines Players/Suppliers Profiles and Sales Data
  • Gas Turbines Manufacturing Cost Analysis
  • Global Gas Turbines Market Forecast (2017-2022)
  • Gas Turbines market size and the growth rate in 2022.
  • Report provides trending factors influencing the Gas Turbines market shares of the North America, China, Europe, Southeast Asia, Japan, and India.
  • Report includes global Gas Turbines Market trends impacting the growth of Gas Turbines Industry.
  • Gas Turbines market opportunities and challenges from 2017 to 2022.

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