Start reading ,This title and over 12000 thousand more,available with Avenue Library, T&C*
Gas Turbine Market: Global opportunity Analysis and Industry Forecast, 2020–2027
| A07223 | Pages: NA | Feb 2021 | 147 Views | | |
| Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Gas Turbine Market: Global opportunity Analysis and Industry Forecast, 2020–2027
Request Now !Gas Turbine Market Outlook - 2027
Gas turbine is a device that harnesses energy from gas by using its kinetic energy. The gas undergoes thermodynamics process where the system converts heat energy to rotational energy, which results in producing electricity. Low operating pressure, higher speed, high power to weight ratio, and low maintenance cost make gas turbine suitable for in many industries. The economics of power generation by gas turbines is increasing due to its low capital cost, high reliability, and convenience in handling. Furthermore, increase in technology coupled with focus toward the growth of power generation drives the global industry of gas turbine.
Market scope and structure analysis
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | USD Billion |
Segments covered | Capacity, Product, Technology, Application, and Region |
Countries covered | U.S., Canada, Mexico, UK, France, Germany, Italy, Finland, Netherlands, Denmark, Greece, Ukraine, Azerbaijan, China, India, Japan, South Korea, Australia, Thailand, Indonesia, Malaysia, UAE, Saudi Arabia, Qatar, Oman, Egypt, Iraq, Jordan, Lebanon, South Africa, Nigeria, Kenya, Ghana, Brazil, Argentina, and Chile |
Companies covered | General Electric, Siemens AG, Mitsubishi Hitachi Power Systems, Ltd., Wartsila, Kawasaki Heavy Industries Ltd., Opera Turbines B.V., Solar Turbines Incorporated, Harbin Turbine Company Limited, and Bharat Heavy Electricals Limited |
Gas turbine market by capacity
- < 50 kW
- 50 kW to 500 kW
- > 500 kW to 1 MW
- > 1 MW to 30 MW
- >30 MW to 70 MW
- > 70 MW to 200 MW
- > 200 MW
Gas turbine market by product
- Aero-derivative
- Heavy Duty
Gas turbine market by technology
- Open Cycle
- Combined Cycle
Gas turbine market by application
- Power Plants
- Oil & Gas
- Process Plants
- Others
COVID-19 impact analysis
- Delays in projects due to supply chain disruptions
- Financial crisis faced by the market and the industry
- Unavailability of manpower due to lockdown
Market scenario analysis
The availability of cost-efficient natural gas and increase in environmental regulations resulted in shift toward gas-based power generation. This growth is attained due to increase in demand for electricity, efficient power generation technology, demand for natural gas, and reduction in the emission of carbon dioxide. Heavy-duty gas turbine market is expected to register a significant growth due to its cost structure, high capacity, and maximum cycle efficiency. Technological advancements on the system for improved reliability, efficiency, and flexibility are likely to create an opportunity to grow during the forecast period. Furthermore, increase in its applications in marine propulsion, grid stability, aviation, and district heating in response to characteristics such as lightweight, operational versatility, and high speed with low consumption boost its demand in the global market.
Trend & region analysis
The recent trend observed is that the governments in various countries have launched programs that support the generation of electricity through natural gas. For instance, government provides various incentives for land to setup plant. Gas turbines are used in the field of aircraft propulsion for medium and large planes that operate at supersonic speed. Shift in interest toward gas-based power generation instead of nuclear is anticipated to create potential growth opportunities for players.
Asia-Pacific dominates the market in terms of revenue, owing to rapid industrialization and increase in demand for power in developing counties. Europe is expected to register significant growth during the forecast period as a result of development of the renewable energy sector.
Market challenges
Governments across many countries are providing subsidies to increase the use of renewable resources to generate power and as a result the investments for the solar and wind energy rises. Moreover, the energy generated from solar and wind power plants can be transferred and stored in storage devices. This is a major challenge for gas turbines, as it is impossible to store energy generated by gas turbines.
Key benefits of the report
- This report presents the analytical depiction of the global gas turbine industry 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 market.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
- The report provides clarity on market analysis depending on competitive intensity and how the competition will take shape in coming years.
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:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
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
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
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:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
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.
Access from any device, anywhere
Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.
REQUEST TOC/SAMPLE
Purchase Full Report of
Gas Turbine Market: Global opportunity Analysis and Industry Forecast, 2020–2027
- Online Only
-
$3,456$3,110 - Online cloud access only
- Restricted print, copy, paste & download
- Read only
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Data Pack
-
$3,840$3,456 - Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Single User
-
$5,769$5,192 - Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Five Users
-
$6,450$5,805 - Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
-
Enterprise
License/PDF -
$8,995$8,096 - Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Library Membership
- $ 699/mo
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading.
Buy Now
This title and over 12,000+ are available on the Avenue Library. T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers