Allied Market Research
Loading...
0
Allied Market Research

Industrial Gas Turbine Ignition System Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A10684
Pages: NA
Aug 2021 | 371 Views
   
Author(s) : NA
Tables: NA
Charts: NA
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • IComes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Industrial Gas Turbine Ignition System Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

Request Now !

Industrial gas turbines are a type of continuous and internal combustion engine that use primary fuels. Industrial gas turbines are used to generate mechanical energy from combustible fuel such as such as natural gas or liquid fuels. The mechanical energy is transferred by a rotating shaft to drive an integrated generator that produces electrical energy. The ignition systems used to ignite industrial gas turbines are required to produce a spark discharge which is much larger in comparison to automotive systems and the spark may even have to be over 100 times more powerful than the spark required for igniting an automobile engine. The components of a gas turbine ignition system are exciter, ignition lead and ignitor plug. Multiple exciters, a set of ignition leads, and a set of igniter plugs may be required for spark ignition systems used in industrial gas turbines. The service life of ignition systems used for industrial gas turbines is generally expressed in terms of number of hours.

­Market scope. and structure analysis:

Report Metric

Details

  Market size available for years 

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD Millions)

  Segments covered

  Turbine Type, Component, Application and Region.

  Regions covered

North America (US, Mexico, and Canada), Europe (Germany, UK, Netherlands, Italy, and France), Asia-Pacific (China, Japan, South Korea, Sri Lanka, and India), LAMEA (Latin America, Middle East, and Africa)

  Companies covered

The key players in the industrial gas turbine ignition system market include Woodward Inc., Unison LLC, Champion Aerospace Inc., Knite Inc., Hatraco Technische Handelsonderneming B.V., Chentronics LLC, Federal-Mogul LLC, Tesi Group, Meggitt PLC and Hoerbiger Holding among others.

 

COVID-19 scenario analysis:

  • COVID-19 pandemic has shut-down production of various products in the global industrial gas turbine ignition industry, mainly owing to prolonged lockdown in major global countries. This has hampered growth of the global industrial gas turbine ignition market significantly from past few months, as is likely to continue during 2020.
  • COVID-19 has already affected sales of equipment and machinery in the first quarter of 2020, and is likely to cause a negative impact on the market growth throughout the year.
  • The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting demand for equipment and machinery.
  • Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
  • Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, Opportunities, Restraints and Impact Analysis

Growth of the global industrial gas turbine ignition system market is attributed to adoption of gas turbines in the power generation sector, owing to relatively clean and environment-friendly nature of natural gas as a power generation fuel as compared to traditional fuels such as coal. Adoption of natural gas is expected to increase, owing to growth in focus of governments and regulatory bodies to reduce greenhouse gas emission. Gas-fired power plants are growing in adoption around the world due to lower capital investments required. The increasing demand for electricity around the world due to the factors of increasing global population, urbanisation and increasing industrialisation is expected to aid the growth of the gas turbines market and by extension the industrial gas turbine ignition system market as well. However, continuous price fluctuations for natural gas and trade wars due to geopolitical factors is a major restraining factor for the growth of the market. The opportunity for growth of the global industrial gas turbine ignition system market comes from the rising adoption of combined cycle power generation plants due to the favourable characteristics of high efficiency, reliability and operational performance. A combined-cycle power plant uses both a gas and a steam turbine together to produce more electricity from the same amount of fuel in comparison to a traditional simple-cycle plant.

The global industrial gas turbine ignition system market trends are as follows:

Growing demand for power around the world

The rising population, urbanization, and industrialization around the world is expected to increase the demand for electricity around the world. Along with the growing population around the world, increase in production across various industries and rise in construction activities around the world, the global electricity generation capacity has to be increased. A large part of this increase in demand for power can be attributed to the increasing economic development of the emerging economies of the world for example India and China. According to International Energy Agency (IEA), in the year 2018, nearly 45% of global power investment was made in upper-middle-income countries which includes China and much of Southeast Asia and Latin America. These countries are home to roughly 40% of the world population. In the same year, lower-income markets which is also home to 40% of the global population were responsible for 17% of the global power investment, largely due to India. The rising disposable income of consumers around the world is helping support higher consumption of manufactured products. Growth in demand for power around the globe is thus expected to help global gas turbine and by extension the global industrial gas turbine ignition system market grow.

Growth in demand for natural gas-based power generation

Rise in concern regarding environmental impact of the power generation industry along with stringent regulations imposed by various regulatory bodies and governments around the world with intention to reduce emission of greenhouse gases emissions are important driving factors behind the growth of natural gas fired electricity generation. Rising population, urbanization, and industrialization around the world is expected to increase demand for energy. This is also aiding to growth of the natural gas electricity generation sector. Natural gas is growing in popularity in the overall electricity generation market because it is more environment friendly in comparison to other fuels that are used for electricity generation. Natural gas is more efficient and relatively cleaner in comparison to coal. Coal based power plants are increasingly being replaced by natural gas-based power plants since the shale gas boom in North America. Due to the superior efficiency of combined cycle gas turbines, this market is expected to further expand. With the growing demand for natural gas-based power generation, gas turbines are expected to grow in adoption and as a result, the global gas turbine ignition system market is also expected to grow due to this factor.

Key segments covered:

Segments

Subsegments

  Turbine Type

  • Heavy-duty Turbine
  • Light-duty Turbine

  Component

  • Exciters
  • Igniters
  • Spark Plugs
  • Leads

  Application

  • Power Generation
  • Mechanical Drive

 

Key benefits of the report:

  • This study presents the analytical depiction of the global industrial gas turbine ignition system 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 industrial gas turbine ignition system market share.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the global industrial gas turbine ignition system market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global industrial gas turbine ignition system market 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:

  • 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.
PURCHASE OPTIONS

Start reading ,This Report and over 13000+ thousand more Reports, Available with Avenue Library, T&C*

Reach out to us

Call us on
( U.S. - Canada toll free )
+1-800-792-5285,   
Int'l : +1-503-894-6022
( Europe )
+ 44-845-528-1300
Drop us an email at
help@alliedmarketresearch.com

 
Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
Industrial Gas Turbine Ignition System 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
  • 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
  • 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
  • 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
  • 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
  • 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.
    This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.

    Buy Now

*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

 
 

Featured Reports

 

Erythropoietin Drugs Market

Global Opportunity Analysis and Industry Forecast, 2021–2028

Published in May 2021

Download Sample

Protein Therapeutics Market

Global Opportunity Analysis and Industry Forecast, 2017-2023

Published in Nov 2017

Download Sample

Surgical Equipment Market

Global Opportunity Analysis and Industry Forecast, 2020-2027

Published in Jan 2021

Download Sample

Medical Implant Market

Global Opportunity Analysis and Industry Forecast, 2020–2027

Published in Nov 2020

Download Sample

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts
 

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