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Gas Turbine Market by Technology (Open Cycle and Combined Cycle), Design Type (Heavy-duty and Aero-derivative), Rating Capacity (Less than 40 MW, 40–120 MW, 120–300 MW, and Above 300 MW), Application (Power Generation, Oil & Gas, Marine, Aerospace, Process Plants, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A07223
Pages: 473
Jul 2021 | 560 Views
   
Author(s) : Anil Chaudhary , Eswara Prasad
Tables: 305
Charts: 103
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COVID-19

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Gas Turbine Market Opportunities - 2030

The global gas turbine market was valued at $18.5billion in 2020, and is projected to reach $25.4billion by 2030, growing at a CAGR of 3.3% from 2021 to 2030. Gas turbine is a mechanical device, which harnesses energy from working fluid or gas by utilizing its kinetic energy or potential energy. These turbines run on brayton cycle, which is equipped with a heater, compressor, turbine, and cooler. The working fluid undergoes thermodynamic process where the system converts mechanical/heat energy into rotating energy, which, in turn, produces the electricity as output.

COVID-19 pandemic outbreak across the globe has resulted in decline in demand for power from industrial and commercial end-users owing to halted production and manufacturing activities amid government imposed lock down measures. Due to this the demand for gas turbines is expected decline during the forecast period.

The growth of the global gas turbine market is driven by rapid technological advancements in the energy sector coupled with increase in focus toward distributed power generation technologies. The gas turbine market is expected to grow significantly during the forecast period on account of rise in government support across the world for power generation technologies that aim to reduce carbon dioxide (CO2) emissions. According to the bp Statistical Review of World Energy 2021, natural gas was the largest source of electricity generation in the U.S. in 2020, and the second largest source of electricity generation across the globe, occupying a 40.5% share in sources of the U.S. power generation and 23.4% share in sources of the global power generation. The major factors driving the growth of the market is the paradigm shift from coal-based power generation to gas-based power generation of developed and developing countries such as the U.S., Japan, China, and India& supporting government policies for setting up gas-based power plants. 

Gas-Turbine-Market-2021-2030

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In addition, assured long-term fuel supply across various oil producing companies across the globe is one of the key factors supporting the growth of the gas turbine market. Gas turbines play an important role in reducing greenhouse gas (GHG) emissions. As compared to other combustion-based electricity generation applications, these are proficient and also result in decreasing carbon emissions. The execution of various climate change initiatives along with implementation of regulations to cut down GHG emissions are expected to boost the demand for gas turbines during the forecast period.

However, volatile price of natural gas is expected to hamper the growth of the gas turbine market during the forecast period. On the contrary, increase in trend of distributed power generation and replacement of phased out nuclear & coal plants are expected to provide remunerative opportunities for the expansion of the gas turbine market during the forecast period.

The global gas turbine market size is segmented into technology, design type, rating capacity, application, and region. By technology, the market is bifurcated into open cycle and combined cycle. Depending on design type, it is segregated into heavy duty and aero-derivative. By rating capacity, it is divided into less than 40 MW, 40–120 MW, 120-300 MW, and above 300 MW. The applications covered in the study include power generation, oil & gas, marine, aerospace, process plants, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the global gas turbine industry include Ansaldo Energia,    BayerischeMotoren Werke AG (BMW) (Rolls-Royce Motor Cars Limited),Bharat Heavy Electricals Limited, Capstone Green Energy, Caterpillar Inc. (Solar Turbines Incorporated), General Electric Company, Harbin Electric Company Limited, IHI Corporation, Kawasaki Heavy Industries Ltd., Mitsubishi Hitachi Power Systems, Ltd. (MHPS), MTU Aero Engines (Vericor Power Systems),Siemens AG, Volkswagen Group (MAN Energy Solutions), and Wartsila. Other players operating in this market include OPRA Turbines, Centrax Gas Turbines, Zorya-Mashproekt, Cryostar, and United Engine Corporation (UEC Saturn).

Gas Turbine Market, by Region

Asia-Pacific accounted for a major gas turbine market share in 2020, owing to surge in demand for energy alternative having low environmental impact. Owing to technological advancements in the energy sector and decrease in cost of shale gas production, natural gas production increased by 10.4% during 2010–2020, globally. Rapid industrialization and increase in urbanization are driving an enormous and ever-growing power demand in the region, which necessitates the development of numerous power generation projects. This, in turn, is driving the demand for gas turbines in China. In addition, according to the India Brand Equity Foundation (IBEF), India’s power sector is dominated by coal-based generation, accounting for 61.3% of the total installed capacity in June 2021. The country identified the potential of renewable energy and gas-based generation for decarbonizing the country and meeting the targets as per the Paris Agreement, which aims to substantially reduce global greenhouse gas emissions in an effort to limit the global temperature increase. With increase in share of gas-based generation, the demand for gas turbines is expected to increase. Moreover, countries, like Japan, Australia, New Zealand, Italy, and Malaysia with a growing social consensus against nuclear power, are prospective markets in this regard.

Gas Turbine Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

North America would exhibit an CAGR of 3.9% during 2021-2030

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Global Gas Turbine Market, by Technology

The combined cycle technology accounted for a major share in the gas turbine market in 2020,as it requires lower fuel to produce the required energy output and reduces transmission & distribution losses. Combined cycle turbines are known to be highly efficient and facilitate system efficiencies in the range of 60.0–80.0%.

In addition, surge in demand for this technology is being compelled by stricter regulations for coal plants, low gas prices, and the integration of renewable power. Combined cycle power plant (CCPP) complements solar and wind power, as it can start and stop quickly, and thus is proficient in offsetting the variations in renewable energy power.

Furthermore, favorable government policies regarding the usage of clean fuels for electricity generation and the reduction of GHG emissions are expected to increase the demand for natural gas-based power plants. In addition, decline in gas prices and the discovery of shale gas reserves are expected to propel the gas turbine market growth during the projected period.

Gas Turbine Market
By Technology

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Combined Cycle is projected as the most lucrative segment.

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Global Gas Turbine Market, by Design Type

The heavy-duty segment accounted for a major share in the gas turbine market in 2020, owing to economic cost structure, high-capacity operations, and lower pressure ratios to yield maximum specific power. In addition, surge in demand for heavy-duty gas turbine from heat recovery power generating plants and power and utility sector, owing to its lower turbine dimensions & lower investment cost along with maximum cycle efficiency is likely to drive the business landscape. Furthermore, ongoing technological developments in terms of efficiency, reliability and flexibility enhancements in both recuperated & un-recuperated systems are likely to fuel the industry dynamics.

Gas Turbine Market
By Design Type

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Heavy Duty is projected as the most lucrative segment.

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Global Gas Turbine Market, by Rating Capacity

The above 300 MW segment accounted for a major share in 2020,due to shift from coal to gas-based power plants in some of the major countries across the globe such as the U.S., China, and India. Moreover, rise in power generation activities across the globe due to surge in demand for electricity as a result of population growth and rapid urbanization boosts the product demand. Thus, expansion of the power generation sector and increased focus on generating electricity through sustainable energy resources drive the demand for gas turbines, especially for turbines with rating capacity above 300 MW capacity.

Gas Turbine Market
By Rating Capacity

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Above 300 MW is projected as the most lucrative segment.

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Global Gas Turbine Market, by Application

The power generation segment accounted for a major gas market share in 2020,as governments all over the world are now putting in efforts to reduce the share of coal-based power plants to reduce carbon emissions, which have the potential to render opportunities for increase in demand for gas turbines for power generation.

In addition, due to increase in investment by the government in setting up gas-based power generation plants, power generation in China grew by 70.0%, owing to which more gas-fired power capacity was sanctioned than that of coal. Moreover, the gas-based power generation is cheaper to install than the nuclear power plant. Furthermore, it is a more reliable source as compared to renewables. Thus, multiple benefits associated with gas-based power generation and urgency to reduce the carbon emission have fostered the demand for gas turbines across the world. 

Gas Turbine Market
By Application

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Power Generation is projected as the most lucrative segment.

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COVID-19 impact analysis

Lockdown impositions in major cities and economies have resulted in most of the industries around the world, thereby halting their production. This has further resulted in reduction of oil & gas demand around the world. For instance, as per the bp statistical review of world energy 2021, global natural gas consumption was reported to be 3822.8 billion cubic meters in 2020, which was a decline by around 81.1billion cubic meters as compared to 2019. In addition, power demand from industrial and commercial end users has seen a significant dip in recent times, owing to the global pandemic. Thus, the demand for gas turbine is declined during the pandemic outbreak. This trend is likely to continue for few more coming years until all industrial activities across the globe resume to normal that are halted amid government-imposed lockdown measures.

Key Benefits for Stakeholders

  • The global gas turbine market analysis covers in-depth information of major industry participants.
  • Porter’s five forces analysis helps to analyze potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • Major countries have been mapped according to their individual revenue contribution to the regional market.
  • The report provides in-depth analysis of the global gas turbine market forecast for the period 2021–2030.
  • The report outlines the current gas turbine market trends and future estimations of the global gas turbine market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets. 
  • Key drivers, restraints, &opportunities and their detailed impact analysis are explained in the global gas turbine market study.

Key Market Segments

By Technology

  • Open Cycle
  • Combined Cycle

By Design Type

  • Heavy-duty
  • Aero-derivative

By Rating Capacity

  • Less than 40 MW
  • 40–120 MW
  • 120-300 MW
  • Above 300 MW

By Application

  • Power Generation
  • Oil & Gas
  • Marine
  • Aerospace
  • Process Plants
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • UK
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research

1.5.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets

3.3.Top winning strategies

3.3.1.Top winning strategies, by year
3.3.2.Top winning strategies, by development
3.3.3.Top winning strategies, by company

3.4.Porter’s five forces analysis
3.5.Pricing analysis

3.5.1.Pricing analysis, by technology, 2020–2030
3.5.2.Pricing analysis, by design type, 2020–2030
3.5.3.Pricing analysis, by rating capacity, 2020–2030
3.5.4.Pricing analysis, by application, 2020–2030
3.5.5.Pricing analysis, by region, 2020–2030

3.6.Value chain analysis
3.7.Patent analysis
3.8.Impact of government regulations on the gas turbine market
3.9.Market dynamics

3.9.1.Drivers

3.9.1.1.Increasing Demand for Natural Gas-Fired Power Plants
3.9.1.2.Rising Demand for Electricity
3.9.1.3.Efficient Power Generation Technology
3.9.1.4.Reduction in Emission of Carbon Dioxide
3.9.1.5.Impact of Shale Gas
3.9.1.6.Growing aviation industry across the globe

3.9.2.Restraints

3.9.2.1.Natural Gas Price Volatility
3.9.2.2.Natural Gas Infrastructure Concerns
3.9.2.3.Shifting Focus Toward Renewable Energy

3.9.3.Opportunity

3.9.3.1.Increased Trend of Distributed Power Generation
3.9.3.2.Replacement of Phased Out Nuclear & Coal Plants

3.10.Parent market overview
3.11.Impact of COVID-19 on the global gas turbine market

CHAPTER 4:GLOBAL GAS TURBINE MARKET, BY TECHNOLOGY

4.1.Overview

4.1.1.Market size and forecast

4.2.Open cycle

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market share analysis, by country

4.3.Combined cycle

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market share analysis, by country

CHAPTER 5:GLOBAL GAS TURBINE MARKET, BY DESIGN TYPE

5.1.Overview

5.1.1.Market size and forecast

5.2.Heavy duty

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market share analysis, by country

5.3.Aero-derivative

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market share analysis, by country

CHAPTER 6:GLOBAL GAS TURBINE MARKET, BY RATING CAPACITY

6.1.Overview

6.1.1.Market size and forecast

6.2.Less than 40 MW

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market share analysis, by country

6.3.40–120 MW

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market share analysis, by country

6.4.120-300 MW

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market share analysis, by country

6.5.Above 300 MW

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market share analysis, by country

CHAPTER 7:GLOBAL GAS TURBINE MARKET, BY APPLICATION

7.1.Overview

7.1.1.Market size and forecast

7.2.Power generation

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market share analysis, by country

7.3.Oil & gas

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market share analysis, by country

7.4.Marine

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by region
7.4.3.Market share analysis, by country

7.5.Aerospace

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by region
7.5.3.Market share analysis, by country

7.6.Process plants

7.6.1.Key market trends, growth factors, and opportunities
7.6.2.Market size and forecast, by region
7.6.3.Market share analysis, by country

7.7.Others

7.7.1.Key market trends, growth factors, and opportunities
7.7.2.Market size and forecast, by region
7.7.3.Market share analysis, by country

CHAPTER 8:GLOBAL GAS TURBINE MARKET, BY REGION

8.1.Overview

8.1.1.Market size and forecast

8.2.North America

8.2.1.Key market trends, growth factors, and opportunities
8.2.2.Market size and forecast, by technology
8.2.3.Market size and forecast, by design type
8.2.4.Market size and forecast, by rating capacity
8.2.5.Market size and forecast, by application
8.2.6.Market share analysis, by country

8.2.6.1.U.S.

8.2.6.1.1.Market size and forecast, by technology
8.2.6.1.2.Market size and forecast, by design type
8.2.6.1.3.Market size and forecast, by rating capacity
8.2.6.1.4.Market size and forecast, by application

8.2.6.2.Canada

8.2.6.2.1.Market size and forecast, by technology
8.2.6.2.2.Market size and forecast, by design type
8.2.6.2.3.Market size and forecast, by rating capacity
8.2.6.2.4.Market size and forecast, by application

8.2.6.3.Mexico

8.2.6.3.1.Market size and forecast, by technology
8.2.6.3.2.Market size and forecast, by design type
8.2.6.3.3.Market size and forecast, by rating capacity
8.2.6.3.4.Market size and forecast, by application

8.3.Europe

8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Market size and forecast, by technology
8.3.3.Market size and forecast, by design type
8.3.4.Market size and forecast, by rating capacity
8.3.5.Market size and forecast, by application
8.3.6.Market share analysis, by country

8.3.6.1.Germany

8.3.6.1.1.Market size and forecast, by technology
8.3.6.1.2.Market size and forecast, by design type
8.3.6.1.3.Market size and forecast, by rating capacity
8.3.6.1.4.Market size and forecast, by application

8.3.6.2.France

8.3.6.2.1.Market size and forecast, by technology
8.3.6.2.2.Market size and forecast, by design type
8.3.6.2.3.Market size and forecast, by rating capacity
8.3.6.2.4.Market size and forecast, by application

8.3.6.3.Italy

8.3.6.3.1.Market size and forecast, by technology
8.3.6.3.2.Market size and forecast, by design type
8.3.6.3.3.Market size and forecast, by rating capacity
8.3.6.3.4.Market size and forecast, by application

8.3.6.4.Spain

8.3.6.4.1.Market size and forecast, by technology
8.3.6.4.2.Market size and forecast, by design type
8.3.6.4.3.Market size and forecast, by rating capacity
8.3.6.4.4.Market size and forecast, by application

8.3.6.5.UK

8.3.6.5.1.Market size and forecast, by technology
8.3.6.5.2.Market size and forecast, by design type
8.3.6.5.3.Market size and forecast, by rating capacity
8.3.6.5.4.Market size and forecast, by application

8.3.6.6.Rest of Europe

8.3.6.6.1.Market size and forecast, by technology
8.3.6.6.2.Market size and forecast, by design type
8.3.6.6.3.Market size and forecast, by rating capacity
8.3.6.6.4.Market size and forecast, by application

8.4.Asia-Pacific

8.4.1.Key market trends, growth factors, and opportunities
8.4.2.Market size and forecast, by technology
8.4.3.Market size and forecast, by design type
8.4.4.Market size and forecast, by rating capacity
8.4.5.Market size and forecast, by application
8.4.6.Market share analysis, by country

8.4.6.1.China

8.4.6.1.1.Market size and forecast, by technology
8.4.6.1.2.Market size and forecast, by design type
8.4.6.1.3.Market size and forecast, by rating capacity
8.4.6.1.4.Market size and forecast, by application

8.4.6.2.Japan

8.4.6.2.1.Market size and forecast, by technology
8.4.6.2.2.Market size and forecast, by design type
8.4.6.2.3.Market size and forecast, by rating capacity
8.4.6.2.4.Market size and forecast, by application

8.4.6.3.South Korea

8.4.6.3.1.Market size and forecast, by technology
8.4.6.3.2.Market size and forecast, by design type
8.4.6.3.3.Market size and forecast, by rating capacity
8.4.6.3.4.Market size and forecast, by application

8.4.6.4.India

8.4.6.4.1.Market size and forecast, by technology
8.4.6.4.2.Market size and forecast, by design type
8.4.6.4.3.Market size and forecast, by rating capacity
8.4.6.4.4.Market size and forecast, by application

8.4.6.5.Australia

8.4.6.5.1.Market size and forecast, by technology
8.4.6.5.2.Market size and forecast, by design type
8.4.6.5.3.Market size and forecast, by rating capacity
8.4.6.5.4.Market size and forecast, by application

8.4.6.6.Rest of Asia-Pacific

8.4.6.6.1.Market size and forecast, by technology
8.4.6.6.2.Market size and forecast, by design type
8.4.6.6.3.Market size and forecast, by rating capacity
8.4.6.6.4.Market size and forecast, by application

8.5.Rest of LAMEA

8.5.1.Key market trends, growth factors, and opportunities
8.5.2.Market size and forecast, by technology
8.5.3.Market size and forecast, by design type
8.5.4.Market size and forecast, by rating capacity
8.5.5.Market size and forecast, by application
8.5.6.Market share analysis, by country

8.5.6.1.Brazil

8.5.6.1.1.Market size and forecast, by technology
8.5.6.1.2.Market size and forecast, by design type
8.5.6.1.3.Market size and forecast, by rating capacity
8.5.6.1.4.Market size and forecast, by application

8.5.6.2.Saudi Arabia

8.5.6.2.1.Market size and forecast, by technology
8.5.6.2.2.Market size and forecast, by design type
8.5.6.2.3.Market size and forecast, by rating capacity
8.5.6.2.4.Market size and forecast, by application

8.5.6.3.South Africa

8.5.6.3.1.Market size and forecast, by technology
8.5.6.3.2.Market size and forecast, by design type
8.5.6.3.3.Market size and forecast, by rating capacity
8.5.6.3.4.Market size and forecast, by application

8.5.6.4.Rest of LAMEA

8.5.6.4.1.Market size and forecast, by technology
8.5.6.4.2.Market size and forecast, by design type
8.5.6.4.3.Market size and forecast, by rating capacity
8.5.6.4.4.Market size and forecast, by application

CHAPTER 9:COMPETITIVE LANDSCAPE

9.1.Introduction

9.1.1.Top player positioning, 2020

9.2.Product mapping of top 10 players
9.3.Competitive heatmap
9.4.Key developments

9.4.1.Product Launch
9.4.2.Collaboration
9.4.3.Acquisition
9.4.4.Contract
9.4.5.Agreement

CHAPTER 10:COMPANY PROFILES

10.1.ANSALDO ENERGIA

10.1.1.Company overview
10.1.2.Company snapshot
10.1.3.Operating business segments
10.1.4.Product portfolio
10.1.5.Business performance
10.1.6.Key strategic moves and developments

10.2.BHARAT HEAVY ELECTRICALS LIMITED

10.2.1.Company overview
10.2.2.Company snapshot
10.2.3.Operating business segments
10.2.4.Product portfolio
10.2.5.Business performance
10.2.6.Key strategic moves and developments

10.3.CAPSTONE GREEN ENERGY

10.3.1.Company overview
10.3.2.Company snapshot
10.3.3.Operating business segments
10.3.4.Product portfolio
10.3.5.Business performance
10.3.6.Key strategic moves and developments

10.4.CATERPILLAR INC. (SOLAR TURBINES INCORPORATED)

10.4.1.Company overview
10.4.2.Company snapshot
10.4.3.Operating business segments
10.4.4.Product portfolio
10.4.5.Business performance
10.4.6.Key strategic moves and developments

10.5.GENERAL ELECTRIC COMPANY

10.5.1.Company overview
10.5.2.Company snapshot
10.5.3.Operating business segments
10.5.4.Product portfolio
10.5.5.Business performance
10.5.6.Key strategic moves and developments

10.6.HARBIN ELECTRIC COMPANY LIMITED

10.6.1.Company overview
10.6.2.Company snapshot
10.6.3.Operating business segments
10.6.4.Product portfolio
10.6.5.Business performance
10.6.6.Key strategic moves and developments

10.7.IHI Corporation

10.7.1.Company overview
10.7.2.Company snapshot
10.7.3.Operating business segments
10.7.4.Product portfolio
10.7.5.Business performance
10.7.6.Key strategic moves and developments

10.8.KAWASAKI HEAVY INDUSTRIES LTD.

10.8.1.Company overview
10.8.2.Company snapshot
10.8.3.Operating business segments
10.8.4.Product portfolio
10.8.5.Business performance
10.8.6.Key strategic moves and developments

10.9.MITSUBISHI HITACHI POWER SYSTEMS, LTD. (MHPS)

10.9.1.Company overview
10.9.2.Company snapshot
10.9.3.Operating business segments
10.9.4.Product portfolio
10.9.5.Business performance
10.9.6.Key strategic moves and developments

10.10.MTU AERO ENGINES (VERICOR POWER SYSTEMS)

10.10.1.Company overview
10.10.2.Company snapshot
10.10.3.Operating business segments
10.10.4.Product portfolio
10.10.5.Business performance
10.10.6.Key strategic moves and developments

10.11.ROLLS-ROYCE HOLDINGS PLC

10.11.1.Company overview
10.11.2.Company snapshot
10.11.3.Operating business segments
10.11.4.Product portfolio
10.11.5.Business performance
10.11.6.Key strategic moves and developments

10.12.SIEMENS AG

10.12.1.Company overview
10.12.2.Company snapshot
10.12.3.Operating business segments
10.12.4.Product portfolio
10.12.5.Business performance
10.12.6.Key strategic moves and developments

10.13.VOLKSWAGEN GROUP (MAN ENERGY SOLUTIONS)

10.13.1.Company overview
10.13.2.Company snapshot
10.13.3.Operating business segments
10.13.4.Product portfolio
10.13.5.Business performance
10.13.6.Key strategic moves and developments

10.14.WARTSILA

10.14.1.Company overview
10.14.2.Company snapshot
10.14.3.Operating business segments
10.14.4.Product portfolio
10.14.5.Business performance
10.14.6.Key strategic moves and developments

LIST OF TABLES

TABLE 01.GLOBAL GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 02.GLOBAL GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 03.GAS TURBINE MARKET FOR OPEN CYCLE, BY REGION, 2020–2030 ($MILLION)
TABLE 04.GAS TURBINE MARKET FOR OPEN CYCLE, BY REGION, 2020–2030 (MW)
TABLE 05.GAS TURBINE MARKET FOR COMBINED CYCLE, BY REGION, 2020–2030 ($MILLION)
TABLE 06.GAS TURBINE MARKET FOR COMBINED CYCLE, BY REGION, 2020–2030 (MW)
TABLE 07.GLOBAL GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 08.GLOBAL GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 09.GAS TURBINE MARKET FOR HEAVY DUTY, BY REGION, 2020–2030 ($MILLION)
TABLE 10.GAS TURBINE MARKET FOR HEAVY DUTY, BY REGION, 2020–2030 (MW)
TABLE 11.GAS TURBINE MARKET FOR AERO-DERIVATIVE, BY REGION, 2020–2030 ($MILLION)
TABLE 12.GAS TURBINE MARKET FOR AERO-DERIVATIVE, BY REGION, 2020–2030 (MW)
TABLE 13.GLOBAL GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 14.GLOBAL GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 15.GAS TURBINE MARKET FOR LESS THAN 40 MW, BY REGION, 2020–2030 ($MILLION)
TABLE 16.GAS TURBINE MARKET FOR LESS THAN 40 MW, BY REGION, 2020–2030 (MW)
TABLE 17.GAS TURBINE MARKET FOR 40–120 MW, BY REGION, 2020–2030 ($MILLION)
TABLE 18.GAS TURBINE MARKET FOR 40–120 MW, BY REGION, 2020–2030 (MW)
TABLE 19.GAS TURBINE MARKET FOR 120-300 MW, BY REGION, 2020–2030 ($MILLION)
TABLE 20.GAS TURBINE MARKET FOR 120-300 MW, BY REGION, 2020–2030 (MW)
TABLE 21.GAS TURBINE MARKET FOR ABOVE 300 MW, BY REGION, 2020–2030 ($MILLION)
TABLE 22.GAS TURBINE MARKET FOR ABOVE 300 MW, BY REGION, 2020–2030 (MW)
TABLE 23.GLOBAL GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 24.GLOBAL GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 25.GAS TURBINE MARKET FOR POWER GENERATION, BY REGION, 2020–2030 ($MILLION)
TABLE 26.GAS TURBINE MARKET FOR POWER GENERATION, BY REGION, 2020–2030 (MW)
TABLE 27.GAS TURBINE MARKET FOR OIL & GAS, BY REGION, 2020–2030 ($MILLION)
TABLE 28.GAS TURBINE MARKET FOR OIL & GAS, BY REGION, 2020–2030 (MW)
TABLE 29.GAS TURBINE MARKET FOR MARINE, BY REGION, 2020–2030 ($MILLION)
TABLE 30.GAS TURBINE MARKET FOR MARINE, BY REGION, 2020–2030 (MW)
TABLE 31.GAS TURBINE MARKET FOR AEROSPACE, BY REGION, 2020–2030 ($MILLION)
TABLE 32.GAS TURBINE MARKET FOR AEROSPACE, BY REGION, 2020–2030 (MW)
TABLE 33.GAS TURBINE MARKET FOR PROCESS PLANTS, BY REGION, 2020–2030 ($MILLION)
TABLE 34.GAS TURBINE MARKET FOR PROCESS PLANTS, BY REGION, 2020–2030 (MW)
TABLE 35.GAS TURBINE MARKET FOR OTHERS, BY REGION, 2020–2030 ($MILLION)
TABLE 36.GAS TURBINE MARKET FOR OTHERS, BY REGION, 2020–2030 (MW)
TABLE 37.GAS TURBINE MARKET, BY REGION, 2020-2030 ($MILLION)
TABLE 38.GAS TURBINE MARKET, BY REGION, 2020-2030 (MW)
TABLE 39.NORTH AMERICA GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 40.NORTH AMERICA GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 41.NORTH AMERICA GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 42.NORTH AMERICA GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 43.NORTH AMERICA GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 44.NORTH AMERICA GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 45.NORTH AMERICA GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 46.NORTH AMERICA GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 47.NORTH AMERICA GAS TURBINE MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 48.NORTH AMERICA GAS TURBINE MARKET, BY COUNTRY, 2020-2030 (MW)
TABLE 49.U.S. GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 50.U.S. GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 51.U.S. GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 52.U.S. GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 53.U.S. GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 54.U.S. GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 55.U.S. GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 56.U.S. GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 57.CANADA GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 58.CANADA GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 59.CANADA GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 60.CANADA GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 61.CANADA GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 62.CANADA GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 63.CANADA GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 64.CANADA GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 65.MEXICO GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 66.MEXICO GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 67.MEXICO GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 68.MEXICO GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 69.MEXICO GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 70.MEXICO GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 71.MEXICO GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 72.MEXICO GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 73.EUROPE GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 74.EUROPE GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 75.EUROPE GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 76.EUROPE GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 77.EUROPE GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 78.EUROPE GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 79.EUROPE GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 80.EUROPE GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 81.EUROPE GAS TURBINE MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 82.EUROPE GAS TURBINE MARKET, BY COUNTRY, 2020-2030 (MW)
TABLE 83.GERMANY GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 84.GERMANY GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 85.GERMANY GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 86.GERMANY GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 87.GERMANY GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 88.GERMANY GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 89.GERMANY GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 90.GERMANY GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 91.FRANCE GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 92.FRANCE GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 93.FRANCE GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 94.FRANCE GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 95.FRANCE GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 96.FRANCE GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 97.FRANCE GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 98.FRANCE GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 99.ITALY GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 100.ITALY GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 101.ITALY GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 102.ITALY GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 103.ITALY GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 104.ITALY GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 105.ITALY GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 106.ITALY GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 107.SPAIN GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 108.SPAIN GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 109.SPAIN GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 110.SPAIN GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 111.SPAIN GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 112.SPAIN GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 113.SPAIN GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 114.SPAIN GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 115.UK GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 116.UK GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 117.UK GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 118.UK GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 119.UK GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 120.UK GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 121.UK GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 122.UK GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 123.REST OF EUROPE GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 124.REST OF EUROPE GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 125.REST OF EUROPE GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 126.REST OF EUROPE GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 127.REST OF EUROPE GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 128.REST OF EUROPE GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 129.REST OF EUROPE GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 130.REST OF EUROPE GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 131.ASIA-PACIFIC GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 132.ASIA-PACIFIC GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 133.ASIA-PACIFIC GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 134.ASIA-PACIFIC GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 135.ASIA-PACIFIC GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 136.ASIA-PACIFIC GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 137.ASIA-PACIFIC GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 138.ASIA-PACIFIC GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 139.ASIA-PACIFIC GAS TURBINE MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 140.ASIA-PACIFIC GAS TURBINE MARKET, BY COUNTRY, 2020-2030 (MW)
TABLE 141.CHINA GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 142.CHINA GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 143.CHINA GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 144.CHINA GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 145.CHINA GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 146.CHINA GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 147.CHINA GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 148.CHINA GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 149.JAPAN GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 150.JAPAN GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 151.JAPAN GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 152.JAPAN GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 153.JAPAN GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 154.JAPAN GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 155.JAPAN GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 156.JAPAN GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 157.SOUTH KOREA GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 158.SOUTH KOREA GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 159.SOUTH KOREA GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 160.SOUTH KOREA GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 161.SOUTH KOREA GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 162.SOUTH KOREA GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 163.SOUTH KOREA GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 164.SOUTH KOREA GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 165.INDIA GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 166.INDIA GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 167.INDIA GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 168.INDIA GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 169.INDIA GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 170.INDIA GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 171.INDIA GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 172.INDIA GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 173.AUSTRALIA GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 174.AUSTRALIA GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 175.AUSTRALIA GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 176.AUSTRALIA GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 177.AUSTRALIA GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 178.AUSTRALIA GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 179.AUSTRALIA GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 180.AUSTRALIA GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 181.REST OF ASIA-PACIFIC GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 182.REST OF ASIA-PACIFIC GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 183.REST OF ASIA-PACIFIC GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 184.REST OF ASIA-PACIFIC GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 185.REST OF ASIA-PACIFIC GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 186.REST OF ASIA-PACIFIC GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 187.REST OF ASIA-PACIFIC GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 188.REST OF ASIA-PACIFIC GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 189.REST OF LAMEA GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 190.REST OF LAMEA GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 191.REST OF LAMEA GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 192.REST OF LAMEA GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 193.REST OF LAMEA GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 194.REST OF LAMEA GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 195.REST OF LAMEA GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 196.REST OF LAMEA GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 197.REST OF LAMEA GAS TURBINE MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 198.REST OF LAMEA GAS TURBINE MARKET, BY COUNTRY, 2020-2030 (MW)
TABLE 199.BRAZIL GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 200.BRAZIL GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 201.BRAZIL GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 202.BRAZIL GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 203.BRAZIL GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 204.BRAZIL GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 205.BRAZIL GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 206.BRAZIL GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 207.SAUDI ARABIA GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 208.SAUDI ARABIA GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 209.SAUDI ARABIA GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 210.SAUDI ARABIA GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 211.SAUDI ARABIA GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 212.SAUDI ARABIA GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 213.SAUDI ARABIA GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 214.SAUDI ARABIA GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 215.SOUTH AFRICA GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 216.SOUTH AFRICA GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 217.SOUTH AFRICA GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 218.SOUTH AFRICA GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 219.SOUTH AFRICA GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 220.SOUTH AFRICA GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 221.SOUTH AFRICA GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 222.SOUTH AFRICA GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 223.REST OF LAMEA GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 224.REST OF LAMEA GAS TURBINE MARKET, BY TECHNOLOGY, 2020-2030 (MW)
TABLE 225.REST OF LAMEA GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 ($MILLION)
TABLE 226.REST OF LAMEA GAS TURBINE MARKET, BY DESIGN TYPE, 2020-2030 (MW)
TABLE 227.REST OF LAMEA GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 ($MILLION)
TABLE 228.REST OF LAMEA GAS TURBINE MARKET, BY RATING CAPACITY, 2020-2030 (MW)
TABLE 229.REST OF LAMEA GAS TURBINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 230.REST OF LAMEA GAS TURBINE MARKET, BY APPLICATION, 2020-2030 (MW)
TABLE 231.PRODUCT (2016-2021)
TABLE 232.PRODUCT LAUNCH (2016-2021)
TABLE 233.ACQUISITION (2016-2021)
TABLE 234.CONTRACT (2016-2021)
TABLE 235.AGREEMENT (2016-2021)
TABLE 236.ANSALDO ENERGIA: COMPANY SNAPSHOT
TABLE 237.ANSALDO ENERGIA: OPERATING SEGMENTS
TABLE 238.ANSALDO ENERGIA: PRODUCT PORTFOLIO
TABLE 239.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 240.ANSALDO ENERGIA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 241.BHARAT HEAVY ELECTRICALS LIMITED: COMPANY SNAPSHOT
TABLE 242.BHARAT HEAVY ELECTRICALS LIMITED: OPERATING SEGMENTS
TABLE 243.BHARAT HEAVY ELECTRICALS LIMITED: PRODUCT PORTFOLIO
TABLE 244.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 245.BHARAT HEAVY ELECTRICALS LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 246.CAPSTONE GREEN ENERGY: COMPANY SNAPSHOT
TABLE 247.CAPSTONE GREEN ENERGY: OPERATING SEGMENTS
TABLE 248.CAPSTONE GREEN ENERGY: PRODUCT PORTFOLIO
TABLE 249.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 250.CAPSTONE GREEN ENERGY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 251.CATERPILLAR INC. (SOLAR TURBINES INCORPORATED): COMPANY SNAPSHOT
TABLE 252.CATERPILLAR INC. (SOLAR TURBINES INCORPORATED): OPERATING SEGMENTS
TABLE 253.CATERPILLAR INC. (SOLAR TURBINES INCORPORATED): PRODUCT PORTFOLIO
TABLE 254.CATERPILLAR INC. (SOLAR TURBINES INCORPORATED): OVERALL FINANCIAL STATUS ($MILLION)
TABLE 255.CATERPILLAR INC. (SOLAR TURBINES INCORPORATED): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 256.GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT
TABLE 257.GENERAL ELECTRIC COMPANY: OPERATING SEGMENTS
TABLE 258.GENERAL ELECTRIC COMPANY: PRODUCT PORTFOLIO
TABLE 259.GENERAL ELECTRIC COMPANY: OVERALL FINANCIAL STATUS ($MILLION)
TABLE 260.GENERAL ELECTRIC COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 261.HARBIN ELECTRIC COMPANY LIMITED: COMPANY SNAPSHOT
TABLE 262.HARBIN ELECTRIC COMPANY LIMITED: OPERATING SEGMENTS
TABLE 263.HARBIN ELECTRIC COMPANY LIMITED: PRODUCT PORTFOLIO
TABLE 264.HARBIN ELECTRIC COMPANY LIMITED: OVERALL FINANCIAL STATUS ($MILLION)
TABLE 265.HARBIN ELECTRIC COMPANY LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 266.IHI CORPORATION: COMPANY SNAPSHOT
TABLE 267.IHI CORPORATION: OPERATING SEGMENTS
TABLE 268.IHI CORPORATION: PRODUCT PORTFOLIO
TABLE 269.IHI CORPORATION: OVERALL FINANCIAL STATUS ($MILLION)
TABLE 270.IHI CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 271.KAWASAKI HEAVY INDUSTRIES LTD.: COMPANY SNAPSHOT
TABLE 272.KAWASAKI HEAVY INDUSTRIES LTD.: OPERATING SEGMENTS
TABLE 273.KAWASAKI HEAVY INDUSTRIES LTD.: PRODUCT PORTFOLIO
TABLE 274.KAWASAKI HEAVY INDUSTRIES LTD.: OVERALL FINANCIAL STATUS ($MILLION)
TABLE 275.KAWASAKI HEAVY INDUSTRIES LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 276.MITSUBISHI HITACHI POWER SYSTEMS, LTD. (MHPS): COMPANY SNAPSHOT
TABLE 277.MITSUBISHI HITACHI POWER SYSTEMS, LTD. (MHPS): OPERATING SEGMENTS
TABLE 278.MITSUBISHI HITACHI POWER SYSTEMS, LTD. (MHPS).: PRODUCT PORTFOLIO
TABLE 279.MITSUBISHI HITACHI POWER SYSTEMS, LTD. (MHPS): OVERALL FINANCIAL STATUS ($MILLION)
TABLE 280.MITSUBISHI HITACHI POWER SYSTEMS, LTD. (MHPS): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 281.MTU AERO ENGINES (VERICOR POWER SYSTEMS): COMPANY SNAPSHOT
TABLE 282.MTU AERO ENGINES (VERICOR POWER SYSTEMS): OPERATING SEGMENTS
TABLE 283.MTU AERO ENGINES (VERICOR POWER SYSTEMS).: PRODUCT PORTFOLIO
TABLE 284.MTU AERO ENGINES (VERICOR POWER SYSTEMS): OVERALL FINANCIAL STATUS ($MILLION)
TABLE 285.MTU AERO ENGINES (VERICOR POWER SYSTEMS): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 286.ROLLS-ROYCE HOLDINGS PLC: COMPANY SNAPSHOT
TABLE 287.ROLLS-ROYCE HOLDINGS PLC: OPERATING SEGMENTS
TABLE 288.ROLLS-ROYCE HOLDINGS PLC.: PRODUCT PORTFOLIO
TABLE 289.ROLLS-ROYCE HOLDINGS PLC: OVERALL FINANCIAL STATUS ($MILLION)
TABLE 290.ROLLS-ROYCE HOLDINGS PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 291.SIEMENS AG: COMPANY SNAPSHOT
TABLE 292.SIEMENS AG: OPERATING SEGMENTS
TABLE 293.SIEMENS AG.: PRODUCT PORTFOLIO
TABLE 294.SIEMENS AG: OVERALL FINANCIAL STATUS ($MILLION)
TABLE 295.SIEMENS AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 296.VOLKSWAGEN GROUP (MAN ENERGY SOLUTIONS): COMPANY SNAPSHOT
TABLE 297.VOLKSWAGEN GROUP (MAN ENERGY SOLUTIONS): OPERATING SEGMENTS
TABLE 298.VOLKSWAGEN GROUP (MAN ENERGY SOLUTIONS).: PRODUCT PORTFOLIO
TABLE 299.VOLKSWAGEN GROUP (MAN ENERGY SOLUTIONS): OVERALL FINANCIAL STATUS ($MILLION)
TABLE 300.VOLKSWAGEN GROUP (MAN ENERGY SOLUTIONS): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 301.WARTSILA: COMPANY SNAPSHOT
TABLE 302.WARTSILA: OPERATING SEGMENTS
TABLE 303.WARTSILA.: PRODUCT PORTFOLIO
TABLE 304.WARTSILA: OVERALL FINANCIAL STATUS ($MILLION)
TABLE 305.WARTSILA: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.EXECUTIVE SUMMARY
FIGURE 02.GLOBAL GAS TURBINE MARKET SEGMENTATION
FIGURE 03.TOP INVESTMENT POCKETS, BY COUNTRY
FIGURE 04.TOP WINNING STRATEGIES, BY YEAR, 2016–2021
FIGURE 05.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016–2021
FIGURE 06.TOP WINNING STRATEGIES, BY COMPANY, 2016–2021
FIGURE 07.LOW BARGAINING POWER OF SUPPLIERS
FIGURE 08.MODERATE BARGAINING POWER OF BUYERS
FIGURE 09.LOW THREAT OF NEW ENTRANTS
FIGURE 10.LOW THREAT OF SUBSTITUTES
FIGURE 11.MODERATE INTENSITY OF COMPETITIVE RIVALRY
FIGURE 12.PRICING ANALYSIS, BY TECHNOLOGY, 2020–2030
FIGURE 13.PRICING ANALYSIS, BY DESIGN TYPE, 2020–2030
FIGURE 14.PRICING ANALYSIS, BY RATING CAPACITY, 2020–2030
FIGURE 15.PRICING ANALYSIS, BY APPLICATION, 2020–2030
FIGURE 16.PRICING ANALYSIS, BY REGION, 2020–2030
FIGURE 17.VALUE CHAIN ANALYSIS
FIGURE 18.PATENT ANALYSIS: BY REGION (2016-2020)
FIGURE 19.GLOBAL GAS TURBINE MARKET DYNAMICS
FIGURE 20.PARENT MARKET OVERVIEW
FIGURE 21.GLOBAL GAS TURBINE MARKET, BY TECHNOLOGY, 2020 VS 2030 ($MILLION)
FIGURE 22.COMPARATIVE ANALYSIS OF GAS TURBINE MARKET FOR OPEN CYCLE, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 23.COMPARATIVE ANALYSIS OF GAS TURBINE MARKET FOR COMBINED CYCLE, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 24.GLOBAL GAS TURBINE MARKET, BY DESIGN TYPE, 2020 VS 2030 ($MILLION)
FIGURE 25.COMPARATIVE ANALYSIS OF GAS TURBINE MARKET FOR HEAVY DUTY, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 26.COMPARATIVE ANALYSIS OF GAS TURBINE MARKET FOR AERO-DERIVATIVE, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 27.GLOBAL GAS TURBINE MARKET, BY RATING CAPACITY, 2020 VS 2030 ($MILLION)
FIGURE 28.COMPARATIVE ANALYSIS OF GAS TURBINE MARKET FOR LESS THAN 40 MW, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 29.COMPARATIVE ANALYSIS OF GAS TURBINE MARKET FOR 40–120 MW, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 30.COMPARATIVE ANALYSIS OF GAS TURBINE MARKET FOR 120-300 MW, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 31.COMPARATIVE ANALYSIS OF GAS TURBINE MARKET FOR ABOVE 300 MW, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 32.GLOBAL GAS TURBINE MARKET, BY APPLICATION, 2020 VS 2030 ($MILLION)
FIGURE 33.COMPARATIVE ANALYSIS OF GAS TURBINE MARKET FOR POWER GENERATION, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 34.COMPARATIVE ANALYSIS OF GAS TURBINE MARKET FOR OIL & GAS, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 35.COMPARATIVE ANALYSIS OF GAS TURBINE MARKET FOR MARINE, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 36.COMPARATIVE ANALYSIS OF GAS TURBINE MARKET FOR AEROSPACE, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 37.COMPARATIVE ANALYSIS OF GAS TURBINE MARKET FOR PROCESS PLANTS, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 38.COMPARATIVE ANALYSIS OF GAS TURBINE MARKET FOR OTHERS, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 39.GLOBAL GAS TURBINE MARKET, BY REGION, 2020 VS 2030 ($MILLION)
FIGURE 40.U.S. GAS TURBINE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 41.CANADA GAS TURBINE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 42.MEXICO GAS TURBINE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 43.GERMANY GAS TURBINE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 44.FRANCE GAS TURBINE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 45.ITALY GAS TURBINE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 46.SPAIN GAS TURBINE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 47.UK GAS TURBINE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 48.REST OF EUROPE GAS TURBINE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 49.CHINA GAS TURBINE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 50.JAPAN GAS TURBINE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 51.SOUTH KOREA GAS TURBINE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 52.INDIA GAS TURBINE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 53.AUSTRALIA GAS TURBINE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 54.REST OF ASIA-PACIFIC GAS TURBINE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 55.BRAZIL GAS TURBINE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 56.SAUDI ARABIA GAS TURBINE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 57.SOUTH AFRICA GAS TURBINE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 58.REST OF LAMEA GAS TURBINE MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 59.TOP PLAYER POSITIONING, 2020
FIGURE 60.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 61.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 62.ANSALDO ENERGIA: REVENUE, 2018–2020 ($MILLION)
FIGURE 63.ANSALDO ENERGIA: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 64.ANSALDO ENERGIA: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 65.BHARAT HEAVY ELECTRICALS LIMITED: REVENUE, 2018–2020 ($MILLION)
FIGURE 66.BHARAT HEAVY ELECTRICALS LIMITED: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 67.BHARAT HEAVY ELECTRICALS LIMITED: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 68.CAPSTONE GREEN ENERGY: REVENUE, 2018–2020 ($MILLION)
FIGURE 69.CAPSTONE GREEN ENERGY: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 70.CAPSTONE GREEN ENERGY: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 71.CATERPILLAR INC. (SOLAR TURBINES INCORPORATED): REVENUE, 2018–2020 ($MILLION)
FIGURE 72.CATERPILLAR INC. (SOLAR TURBINES INCORPORATED): REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 73.CATERPILLAR INC. (SOLAR TURBINES INCORPORATED): REVENUE SHARE BY REGION, 2020 (%)
FIGURE 74.GENERAL ELECTRIC COMPANY: REVENUE, 2018–2020 ($MILLION)
FIGURE 75.GENERAL ELECTRIC COMPANY: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 76.GENERAL ELECTRIC COMPANY: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 77.HARBIN ELECTRIC COMPANY LIMITED: REVENUE, 2018–2020 ($MILLION)
FIGURE 78.HARBIN ELECTRIC COMPANY LIMITED: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 79.HARBIN ELECTRIC COMPANY LIMITED: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 80.IHI CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 81.IHI CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 82.IHI CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 83.KAWASAKI HEAVY INDUSTRIES LTD.: REVENUE, 2018–2020 ($MILLION)
FIGURE 84.KAWASAKI HEAVY INDUSTRIES LTD.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 85.KAWASAKI HEAVY INDUSTRIES LTD.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 86.MITSUBISHI HITACHI POWER SYSTEMS, LTD. (MHPS): REVENUE, 2018–2020 ($MILLION)
FIGURE 87.MITSUBISHI HITACHI POWER SYSTEMS, LTD. (MHPS): REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 88.MITSUBISHI HITACHI POWER SYSTEMS, LTD. (MHPS): REVENUE SHARE BY REGION, 2020 (%)
FIGURE 89.MTU AERO ENGINES (VERICOR POWER SYSTEMS): REVENUE, 2018–2020 ($MILLION)
FIGURE 90.MTU AERO ENGINES (VERICOR POWER SYSTEMS): REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 91.MTU AERO ENGINES (VERICOR POWER SYSTEMS): REVENUE SHARE BY REGION, 2020 (%)
FIGURE 92.ROLLS-ROYCE HOLDINGS PLC: REVENUE, 2018–2020 ($MILLION)
FIGURE 93.ROLLS-ROYCE HOLDINGS PLC: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 94.ROLLS-ROYCE HOLDINGS PLC: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 95.SIEMENS AG: REVENUE, 2018–2020 ($MILLION)
FIGURE 96.SIEMENS AG: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 97.SIEMENS AG: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 98.VOLKSWAGEN GROUP (MAN ENERGY SOLUTIONS): REVENUE, 2018–2020 ($MILLION)
FIGURE 99.VOLKSWAGEN GROUP (MAN ENERGY SOLUTIONS): REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 100.VOLKSWAGEN GROUP (MAN ENERGY SOLUTIONS): REVENUE SHARE BY REGION, 2020 (%)
FIGURE 101.WARTSILA: REVENUE, 2018–2020 ($MILLION)
FIGURE 102.WARTSILA: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 103.WARTSILA: REVENUE SHARE BY REGION, 2020 (%)

 
 

According to the analyst, the global gas turbine market is anticipated to witness growth over the forecast period, owing to sirge in demand for distributed power generation technologies. In addition, incraese in environmental concerns due to high amount of carbon emissions from coal-based power generation has resulted in the adoption of low carbon emission power generation technologies such as gas-powered turbines.

The major factors driving the shift from coal-based power generation to gas-based power generation are suitable economics & supporting policies for setting up gas-based power plants. Moreover, rise in power generation activities across the globe, owing to surge in demand for electricity as a result of population growth and rapid urbanization is boosting the product demand. Thus, the growth in the power generation sector along with an increased focus on generating electricity through sustainable energy resources is the major driver for the global gas turbines market.

However, volatile price of natural gas is expected to hamper the growth of the gas turbine market during the forecast period. Conversely, rise in trend of distributed power generation and replacement of phased out nuclear & coal plants are expected to provide growth opportunities for the gas turbine market during the forecast period.

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A. Increasing demand for natural gas-fired power plants, rising demand for electricity, reduction in emission of carbon dioxide, impact of shale gas, and growing aviation industry across the globe are the key factors boosting the gas turbine market growth.

A. Power generation, oil & gas, marine, aerospace, and process plants are the major applications of gas turbine market.

A. The report sample for global gas turbine market report can be obtained on demand from the website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.

A. Product launch, collaboration, acquisition, contract, and agreement are the key growth strategies of gas turbine market players.

A. North America region is expected to provide more business opportunities for gas turbine market in coming years.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. Combined cycle, heavy duty, above 300 MW, and transportation of the respective technology, design type, rating capacity, and application segments holds the maximum share of the gas turbine market.

A. Ansaldo Energia, Bharat Heavy Electricals Limited, Capstone Green Energy, Caterpillar Inc. (Solar Turbines Incorporated), General Electric Company, Harbin Electric Company Limited, IHI Corporation, Kawasaki Heavy Industries Ltd., Mitsubishi Hitachi Power Systems, Ltd. (MHPS), MTU Aero Engines (Vericor Power Systems), Rolls-Royce Holdings Plc, Siemens AG, Volkswagen Group (MAN Energy Solutions), and Wartsila are the leading players of gas turbine market.

A. Rapid technological advancements coupled with growing focus toward distributed power generation technologies in the key trend in the gas turbine market.

A. The global gas turbine market was valued at $18.5 billion in 2020, and is projected to reach $25.4 billion by 2030, growing at a CAGR of 3.3% from 2021 to 2030.

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