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Aero Derivative Gas Turbine Market: Global Opportunity Analysis and Industry Forecast 2020 - 2027

A09296
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Aug 2021 | 199 Views
 
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Aero derivative gas turbine is a lightweight gas turbine that combines gas and air to generate the desired energy output. Aero derivative generators are used for electricity production and are perfect for offshore and onshore mechanical drive platforms. These generators have better performance and are relatively lighter than their alternative choice such as traditional fuel generators. Additionally, they find application in numerous end-user segments, including mobility power generation, oil & gas, food processing, paper & pulp, and chemical industries. Furthermore, most of the regions across the world are adopting unconventional clean power generation methods over traditional methods.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

 2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit

  Million (USD)

  Segments covered

  Capacity, Technology, Application

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

Mitsubishi Hitachi, GE Power, Siemens, Wärtsilä, Kawasaki, Solar Turbines, Opra Turbines, BHEL, MAN Diesel, Harbin

 

By Capacity

  • < 50kW
  • 50kW to 500kW
  • 500kW to 1MW
  • 1MW to 30MW
  • >30MW to 70MW
  • 70MW

By Technology

  • Open Cycle
  • Combined Cycle
  • By Application
  • Power Plants
  • Oil & Gas
  • Process Plants
  • Aviation
  • Marine
  • Others

COVID–19 scenario analysis

The novel coronavirus has severely affected the expansion of various energy generation industries. The worldwide lockdown has forced governments to shut down power plants to prevent the spread of the virus. Moreover, the lack of manpower has forced the companies to shut down their facilities to curb the spread of the virus. Supply chain disruptions have created panic in countries that are dependable on other nations for oil supply. Similarly, various travel restrictions imposed by governments have reduced the consumption of fuel. These factors are responsible for the decline in demand for aero derivative gas turbine over the forecast period.

Top impacting factors: Market scenario analysis, trends, and drivers

High investments toward regenerative turbines coupled with favorable government guidelines, such as incentives, subsidies, and tax rebates, are expected to propel the business scenario. Rapid industrialization coupled with an upward push in cognizance technology to fulfill demand for power across the world is expected to further boost the global aero derivative gas turbine market over the forecast period. Growing adoption of new technology throughout gas-fired turbines in line with growing investments closer to the aircraft fleet sector positively impact the product deployment. Furthermore, rapid technical enhancement due to performance, flexibility, and longer life span improves the aero derivative gas turbine market growth. However, the presence of a confined range of manufacturers toward the rise in demand for aero derivative gas turbines is projected to restrain the growth of the market in the near future.

Low carbon footprint, lightweight, quick maintenance downtime, and high cycle flexibility related to aero derivative gas turbines are predicted to enhance the growth of the market over the forecast period.

Furthermore, growing applicability of efficient re-generative generators across numerous manufacturing institutions is expected to augment the product deployment. Rising investments across the oil & gas industry due to flexible operation, cost effectiveness, and longer product life are expected to propel the product adoption. Ongoing technological development across the gas turbine industry attributable to superior performance, minimum set up & maintenance cost together with introduction of hybrid gas turbine technology is expected to drive the aero derivative gas turbine market growth. Favorable government guidelines and growing demand for gas-fired turbines in marine and aviation industries drive the business growth. Increase in demand for reliable energy sources and sustainable & efficient technology are anticipated to create considerable opportunities for the aero derivative gas turbine market during the forecast period.

Regional insights

The regions analyzed for the market consist of North America, Europe, South America, Asia-Pacific, and the Middle East & Africa. The North America aero derivative gas turbine market is dominating the market due to the developing awareness on CCGT power plant potential infusion. Rise in capacity addition is allotted to the enhancement within the drilling & extraction technology commencing throughout the region. Therefore, this offers cheap supply of electricity generation through gas-fired power technology. Asia-Pacific is also expected to grow in terms of revenue during the forecast period. The mobility and energy generation sectors might be the primary end-user segments in this location. Heavy growth in the China market due to large-scale improvement of gas-fired power generation technology is expected to further boost the market development within the region.

Key benefits of the report:

  • This study presents the analytical depiction of the global aero derivative gas turbine market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global aero derivative gas turbine market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global aero derivative gas turbine market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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