Gas Turbine Market: Global Market Synopsis, Growth Factors, Industry Segmentation, Regional Analysis And Competitive Analysis 2017 - 2025 - Garner Insights
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Gas Turbine Market: Global Market Synopsis, Growth Factors, Industry Segmentation, Regional Analysis And Competitive Analysis 2017 - 2025

ID: 129252 Report March, 2018 Region : Global Pages Reports Monitor

Global gas turbine market, by product (aero derivative, heavy duty), technology (combined cycle, open cycle) and application (aviation, industrial, marine, oil & gas, power generation, others).


Market Scenario:

The gas turbine is the engine which produces electric current. The gas turbine is the heart of the power plant. A gas turbine is a type of continuous combustion, internal combustion engine which has three main components. They are as: an upstream rotating gas compressor, a downstream turbine on the same shaft, and a combustion chamber or area, called a combustor. The use of fourth component is frequently made to increase efficiency, to convert power into mechanical or electric form and to achieve greater power. A gas turbine is also called a combustion turbine. The basic operation of the gas turbine is a Brayton cycle where air is the working fluid.


The purpose of the gas turbine determines the design so that the most desirable split of energy between the thrust and the shaft work is achieved. Gas turbines are open systems; they do not use the same air again.


The gas turbine market is driven by rising demand for electricity as well as continuous demand for natural gas-fired power plants. Innovation in efficient power generation technology boosts the growth rate of gas turbine market globally. Added into that, the positive and useful impact of shale gas will facilitate the gas turbine market. However, the fluctuating prices of natural gas hinder the market growth of gas turbine market. Increase in trends of distributed power generation creates great opportunities for this market. Also, it can be used as an option to phase out nuclear & coal plants. However, the main challenge for gas turbine market will be the shifting focus towards renewable energy.


Segmentation:

The global gas turbine market is segmented on the basis of products, technology and applications.

On the basis of products, the market is segmented into aero derivative, heavy duty.

On the basis of technology, the market is segmented into combined cycle, open cycle.

On the basis of applications, the market is segmented into aviation, industrial, marine, oil & gas, power generation, others.


Regional Analysis:

Geographically, the gas turbine market is segregated in North America, Europe, Asia Pacific, Middle East & Africa and LAMEA. Asia Pacific region is leading the highest market share in gas turbine market across the globe followed by Europe and North American countries. While Japan held majority market share for gas turbine market in Asia-Pacific region. China and India are projected to grow more in upcoming years due to urbanization, industrialization and infrastructure development.


Key Players:

The major key players in gas turbine market such as, Bharat Heavy Electricals Limited, General Electric, Kawasaki Heavy Industries, Ltd., MAN Diesel & Turbo, Mitsubishi Hitachi Power Systems, Ltd., MTU Aero Engines, Siemens AG, Solar Turbines, Sulzer, and Wood Group. These players are trying to recognise the needs of market in developing countries and expanding their strategies to improve business needs.


Segmentation:

By Product

• Aero Derivative

• Heavy Duty

By Technology

• Combined Cycle

• Open Cycle

By Application

• Aviation

• Industrial

• Marine

• Oil & Gas

• Power Generation

• Others

Research Scope


 

The study for Global Gas Turbine Market Survey and Trend Research 2018 will provide market size, estimates and forecast based on the following years: 

 

Historic data: 2015  Base Year Estimate: 2016  Forecast: 2017 to 2025

The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales. 

Our analyst implement, several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings. 

The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market. 

 

1. Introduction

1.1. Market Definition

1.2. Market Scope


2. Research Methodology

2.1. Primary Research

2.2. Secondary Sources

2.3. Assumptions & Exclusions


3. Market Overview

3.1. Research Report Segmentation & Scope

3.2. Key Market Trend Analysis

3.2.1. Market Drivers

3.2.2. Market Restraint/Challenges

3.2.3. Market Opportunities

3.3. Porter’s Five Forces Analysis

3.4. Potential Venture Avenues

3.5. Market Share Analysis, 2016 


4. Product Overview

4.1. Introduction 

4.2. Market Size & Forecast, 2015 to 2025

4.2.1. Aero Derivative

4.2.2. Heavy Duty

(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)


5. Technology Overview

5.1. Introduction 

5.2. Market Size & Forecast, 2015 to 2025

5.2.1. Combined Cycle

5.2.2. Open Cycle

(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)


6. Application Overview

6.1. Introduction 

6.2. Market Size & Forecast, 2015 to 2025

6.2.1. Aviation

6.2.2.  Industrial

6.2.3. Marine

6.2.4. Oil & gas

6.2.5. Power generation

6.2.6. Others

(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)

 

7. Regional Overview

7.1. Introduction

7.2. Market Size & Forecast, 2015 to 2025

7.2.1. North America

7.2.1.1. U.S.

7.2.1.2. Canada

7.2.1.3. Mexico 

7.2.2. Europe

7.2.2.1. UK

7.2.2.2. Germany

7.2.2.3. France

7.2.2.4. Italy 

7.2.2.5. Russia

7.2.2.6. Poland

7.2.2.7. Rest of Europe

7.2.3. Asia-Pacific

7.2.3.1. China

7.2.3.2. India

7.2.3.3. Japan

7.2.3.4. Australia

7.2.3.5. South Korea

7.2.3.6. Rest of Asia-Pacific

7.2.4. LAMEA

7.2.4.1. Saudi Arabia

7.2.4.2. UAE

7.2.4.3. South Africa

7.2.4.4. Rest of LAMEA

(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)


8. Manufacturer/ Vendor Profile

8.1. The following attributes will be considered while profiling key manufacturers in this industry: 

8.1.1. Company Overview

8.1.2. Financial Synopsis

8.1.3. Recent Developments

8.1.4. R&D Investments (if any)

8.1.5. Strategy Overview (Analyst Perspective)

8.1.6. Product Portfolio

8.2. Companies Profiled

8.2.1. Bharat Heavy Electricals Limited

8.2.2. General Electric

8.2.3. Kawasaki Heavy Industries, Ltd.

8.2.4. MAN Diesel & Turbo

8.2.5. Mitsubishi Hitachi Power Systems, Ltd.

8.2.6. MTU Aero Engines

8.2.7. Siemens AG

8.2.8. Solar Turbines

8.2.9. Sulzer

8.2.10. Wood Group

(Note: The companies mentioned above are tentative in nature, and profiles of other market players not listed here can be included on request.) 

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